VP Bank AG (3VFN) - Net Assets
Based on the latest financial reports, VP Bank AG (3VFN) has net assets worth €1.18 Billion EUR (≈ $1.37 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€10.68 Billion ≈ $12.48 Billion USD) and total liabilities (€9.50 Billion ≈ $11.11 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of VP Bank AG to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.18 Billion |
| % of Total Assets | 11.02% |
| Annual Growth Rate | 2.12% |
| 5-Year Change | 8.34% |
| 10-Year Change | N/A |
| Growth Volatility | 2.68 |
VP Bank AG - Net Assets Trend (2017–2025)
This chart illustrates how VP Bank AG's net assets have evolved over time, based on quarterly financial data. See 3VFN cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for VP Bank AG (2017–2025)
The table below shows the annual net assets of VP Bank AG from 2017 to 2025. For live valuation and market cap data, see VP Bank AG (3VFN) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.18 Billion ≈ $1.37 Billion |
+5.31% |
| 2024-12-31 | €1.12 Billion ≈ $1.31 Billion |
+0.87% |
| 2023-12-31 | €1.11 Billion ≈ $1.29 Billion |
+0.46% |
| 2022-12-31 | €1.10 Billion ≈ $1.29 Billion |
+1.53% |
| 2021-12-31 | €1.09 Billion ≈ $1.27 Billion |
+5.90% |
| 2020-12-31 | €1.03 Billion ≈ $1.20 Billion |
-0.68% |
| 2019-12-31 | €1.03 Billion ≈ $1.21 Billion |
+5.14% |
| 2018-12-31 | €981.58 Million ≈ $1.15 Billion |
-1.27% |
| 2017-12-31 | €994.18 Million ≈ $1.16 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to VP Bank AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 11.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.17 Billion | 99.22% |
| Other Components | €9.14 Million | 0.78% |
| Total Equity | €1.18 Billion | 100.00% |
VP Bank AG Competitors by Market Cap
The table below lists competitors of VP Bank AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tian Jin Global Magnetic Card Co Ltd
SHG:600800
|
$568.52 Million |
|
Shenzhen Jasic Tech Co
SHE:300193
|
$568.67 Million |
|
Sparebanken Møre
OL:MORG
|
$569.02 Million |
|
Ningbo Ligong Online Monitoring Technology Co Ltd
SHE:002322
|
$569.24 Million |
|
Octopus Apollo VCT PLC
LSE:OAP3
|
$568.34 Million |
|
FIREWEED METALS CORP.
F:M0G
|
$568.32 Million |
|
Saha Pathanapibul Public Company Limited
BK:SPC
|
$568.29 Million |
|
Hangzhou Dadi Haiyang Environmental Protection Co. Ltd.
SHE:301068
|
$568.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VP Bank AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,116,794,000 to 1,176,113,000, a change of 59,319,000 (5.3%).
- Net income of 47,019,000 contributed positively to equity growth.
- Dividend payments of 24,878,000 reduced retained earnings.
- Share repurchases of 8,000 reduced equity.
- New share issuances of 1,897,000 increased equity.
- Other factors increased equity by 35,289,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €47.02 Million | +4.0% |
| Dividends Paid | €24.88 Million | -2.12% |
| Share Repurchases | €8.00K | -0.0% |
| Share Issuances | €1.90 Million | +0.16% |
| Other Changes | €35.29 Million | +3.0% |
| Total Change | €- | 5.31% |
Book Value vs Market Value Analysis
This analysis compares VP Bank AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.49x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €181.83 | €93.00 | x |
| 2018-12-31 | €164.05 | €93.00 | x |
| 2019-12-31 | €172.45 | €93.00 | x |
| 2020-12-31 | €169.41 | €93.00 | x |
| 2021-12-31 | €178.19 | €93.00 | x |
| 2022-12-31 | €179.92 | €93.00 | x |
| 2023-12-31 | €179.63 | €93.00 | x |
| 2024-12-31 | €179.99 | €93.00 | x |
| 2025-12-31 | €188.28 | €93.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VP Bank AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.90%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 9.08x
- Recent ROE (4.00%) is below the historical average (4.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.62% | 21.97% | 0.02x | 12.85x | €-33.65 Million |
| 2018 | 5.57% | 18.81% | 0.02x | 12.66x | €-43.44 Million |
| 2019 | 7.13% | 22.44% | 0.02x | 12.98x | €-29.66 Million |
| 2020 | 4.06% | 13.05% | 0.02x | 13.19x | €-60.88 Million |
| 2021 | 4.66% | 15.35% | 0.02x | 12.16x | €-57.92 Million |
| 2022 | 3.64% | 11.94% | 0.03x | 11.46x | €-70.05 Million |
| 2023 | 3.99% | 12.14% | 0.03x | 10.34x | €-66.51 Million |
| 2024 | 1.65% | 5.58% | 0.03x | 9.52x | €-93.21 Million |
| 2025 | 4.00% | 13.90% | 0.03x | 9.08x | €-70.59 Million |
Industry Comparison
This section compares VP Bank AG's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $701,451,224,222
- Average return on equity (ROE) among peers: 9.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VP Bank AG (3VFN) | €1.18 Billion | 6.62% | 8.08x | $568.46 Million |
| THE BK N.T.BUTTERF.+S.NEW (4IK) | $1.02 Billion | 21.19% | 12.94x | $1.96 Billion |
| ABN AMRO BK.UNSP.ADR/1 (AB2A) | $27.04 Billion | 8.33% | 14.28x | $23.71 Billion |
| Barclays PLC (BCY2) | $71.86 Billion | 7.32% | 19.56x | $66.81 Billion |
| BANC.DE.SA.A ADR2/EO-125 (BDS) | $13.88 Billion | 9.60% | 15.94x | $15.71 Billion |
| Banco Santander S.A (BSDK) | $91.32 Billion | -9.60% | 15.52x | $148.32 Billion |
| Bank of Communications Co. Ltd (C4C) | $800.91 Billion | 9.65% | 11.37x | $34.10 Billion |
| China Construction Bank Corporation (C6T) | $2.61 Trillion | 11.57% | 10.57x | $249.31 Billion |
| CHINA CON.BANK ADR/20 YC1 (C6TB) | $2.61 Trillion | 11.57% | 10.57x | $235.44 Billion |
| Commonwealth Bank of Australia (CWW) | $78.78 Billion | 12.84% | 16.19x | $181.02 Billion |
About VP Bank AG
VP Bank AG, together with its subsidiaries, provides various financial products and services in Liechtenstein, Europe, and internationally. The company operates through three segments: Liechtenstein and BVI, International, and Asset Servicing. It offers investing services, including goal-based advice, wealth management and planning, investment advisory and consulting, investment products, and sus… Read more