Vietnam Enterprise Investments Limited
Vietnam Enterprise Investments Limited is a closed ended equity mutual fund launched and managed by Dragon Capital Management Limited. It invests in the public equity markets of Vietnam. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies. The fund also invests a part of its assets in private companies … Read more
Vietnam Enterprise Investments Limited (VEIL) - Net Assets
Latest net assets as of June 2025: GBX1.72 Billion GBX
Based on the latest financial reports, Vietnam Enterprise Investments Limited (VEIL) has net assets worth GBX1.72 Billion GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.83 Billion) and total liabilities (GBX112.25 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX1.72 Billion |
| % of Total Assets | 93.88% |
| Annual Growth Rate | 13.3% |
| 5-Year Change | -0.14% |
| 10-Year Change | 126.72% |
| Growth Volatility | 26.14 |
Vietnam Enterprise Investments Limited - Net Assets Trend (2012–2024)
This chart illustrates how Vietnam Enterprise Investments Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vietnam Enterprise Investments Limited (2012–2024)
The table below shows the annual net assets of Vietnam Enterprise Investments Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX1.80 Billion | +3.09% |
| 2023-12-31 | GBX1.74 Billion | +7.44% |
| 2022-12-31 | GBX1.62 Billion | -37.76% |
| 2021-12-31 | GBX2.61 Billion | +44.86% |
| 2020-12-31 | GBX1.80 Billion | +22.04% |
| 2019-12-31 | GBX1.47 Billion | +2.40% |
| 2018-12-31 | GBX1.44 Billion | -7.29% |
| 2017-12-31 | GBX1.55 Billion | +59.34% |
| 2016-12-31 | GBX974.80 Million | +22.98% |
| 2015-12-31 | GBX792.65 Million | +54.52% |
| 2014-12-31 | GBX512.96 Million | +8.33% |
| 2013-12-31 | GBX473.54 Million | +17.93% |
| 2012-12-31 | GBX401.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vietnam Enterprise Investments Limited'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 2798.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX1.51 Billion | 83.92% |
| Common Stock | GBX2.01 Million | 0.11% |
| Other Components | GBX286.89 Million | 15.96% |
| Total Equity | GBX1.80 Billion | 100.00% |
Vietnam Enterprise Investments Limited Competitors by Market Cap
The table below lists competitors of Vietnam Enterprise Investments Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aberdeen New India Investment Trust PLC
LSE:ANII
|
$826.37 |
|
TROPICAL PARADISE CO. LTD (ORDINARY)
SEM:TPL-O
|
$827.70 |
|
PARADIGM METALS
BE:P1G
|
$827.87 |
|
Mirpurkhas Sugar Mills Ltd
KAR:MIRKS
|
$828.41 |
|
CRESTA MARAKANELO LIMITED
XBOT:CRE-EQO
|
$824.78 |
|
LODESTAR MIN
BE:3EJ
|
$823.79 |
|
Medicofarma Biotech S.A.
WAR:MDB
|
$823.22 |
|
Friendable Inc
PINK:FDBL
|
$822.66 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vietnam Enterprise Investments Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,743,257,708 to 1,797,109,701, a change of 53,851,993 (3.1%).
- Net income of 175,555,929 contributed positively to equity growth.
- Share repurchases of 121,703,936 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX175.56 Million | +9.77% |
| Share Repurchases | GBX121.70 Million | -6.77% |
| Total Change | GBX- | 3.09% |
Book Value vs Market Value Analysis
This analysis compares Vietnam Enterprise Investments Limited'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: 81.80x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 315.87x to 81.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | GBX2.34 | GBX740.00 | x |
| 2013-12-31 | GBX2.14 | GBX740.00 | x |
| 2014-12-31 | GBX2.32 | GBX740.00 | x |
| 2015-12-31 | GBX3.59 | GBX740.00 | x |
| 2016-12-31 | GBX4.41 | GBX740.00 | x |
| 2017-12-31 | GBX7.05 | GBX740.00 | x |
| 2018-12-31 | GBX6.55 | GBX740.00 | x |
| 2019-12-31 | GBX6.74 | GBX740.00 | x |
| 2020-12-31 | GBX8.27 | GBX740.00 | x |
| 2021-12-31 | GBX12.10 | GBX740.00 | x |
| 2022-12-31 | GBX7.76 | GBX740.00 | x |
| 2023-12-31 | GBX8.52 | GBX740.00 | x |
| 2024-12-31 | GBX9.05 | GBX740.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vietnam Enterprise Investments Limited 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): 9.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 80.94%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.01x
- Recent ROE (9.77%) is above the historical average (8.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 17.27% | 88.20% | 0.19x | 1.00x | GBX29.19 Million |
| 2013 | 21.96% | 98.84% | 0.22x | 1.01x | GBX56.62 Million |
| 2014 | 9.53% | 97.31% | 0.10x | 1.01x | GBX-2.40 Million |
| 2015 | 2.81% | 92.07% | 0.03x | 1.03x | GBX-57.01 Million |
| 2016 | 18.69% | 97.67% | 0.18x | 1.04x | GBX84.67 Million |
| 2017 | 37.45% | 99.21% | 0.36x | 1.05x | GBX426.34 Million |
| 2018 | -7.64% | 0.00% | -0.07x | 1.05x | GBX-254.05 Million |
| 2019 | 2.93% | 90.47% | 0.03x | 1.00x | GBX-104.31 Million |
| 2020 | 18.39% | 98.60% | 0.19x | 1.00x | GBX150.98 Million |
| 2021 | 32.22% | 99.39% | 0.32x | 1.00x | GBX579.27 Million |
| 2022 | -56.90% | 0.00% | -0.56x | 1.01x | GBX-1.09 Billion |
| 2023 | 9.23% | 80.54% | 0.11x | 1.01x | GBX-13.38 Million |
| 2024 | 9.77% | 80.94% | 0.12x | 1.01x | GBX-4.16 Million |
Industry Comparison
This section compares Vietnam Enterprise Investments Limited's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $395,694,700
- Average return on equity (ROE) among peers: -81.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vietnam Enterprise Investments Limited (VEIL) | GBX1.72 Billion | 17.27% | 0.07x | $826.00 |
| 3I Infrastructure PLC (3IN) | $1.09 Billion | 8.57% | 0.18x | $396.99K |
| 450 PLC (450) | $1.30 Million | -791.13% | 5.03x | $1.71K |
| abrdn Asian Income Fund Limited (AAIF) | $431.48 Million | 11.10% | 0.09x | $315.37 |
| Abrdn Asia Focus PLC (AAS) | $464.40 Million | -2.37% | 0.15x | $434.78 |
| Albion Technology & General VCT PLC (AATG) | $34.46 Million | 4.41% | 0.01x | $78.71 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $492.42 Million | 0.00% | 0.32x | $16.61 |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $320.23 Million | -9.29% | 0.00x | $2.45K |
| Artemis UK Future Leaders plc (AFL) | $84.35 Million | -40.52% | 0.02x | $401.26 |
| AVI Global Trust PLC (AGT) | $938.94 Million | 2.59% | 0.12x | $2.83 Million |