VietNam Holding Limited
VietNam Holding Limited is a closed ended equity mutual fund launched and managed by Vietnam Holding Asset Management Ltd. The fund invests in the public equity markets of Vietnam. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of large cap companies, with an emphasis on State Owned Enterprises that the Vietnam… Read more
VietNam Holding Limited (VNH) - Net Assets
Latest net assets as of December 2024: GBX124.46 Million GBX
Based on the latest financial reports, VietNam Holding Limited (VNH) has net assets worth GBX124.46 Million GBX as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX124.64 Million) and total liabilities (GBX178.61K). 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 | GBX124.46 Million |
| % of Total Assets | 99.86% |
| Annual Growth Rate | 4.56% |
| 5-Year Change | 19.5% |
| 10-Year Change | 12.7% |
| Growth Volatility | 27.04 |
VietNam Holding Limited - Net Assets Trend (2008–2024)
This chart illustrates how VietNam Holding 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 Holding Limited (2008–2024)
The table below shows the annual net assets of VietNam Holding Limited from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | GBX140.15 Million | +21.60% |
| 2023-06-30 | GBX115.26 Million | -10.53% |
| 2022-06-30 | GBX128.82 Million | -34.30% |
| 2021-06-30 | GBX196.08 Million | +67.18% |
| 2020-06-30 | GBX117.28 Million | -15.88% |
| 2019-06-30 | GBX139.43 Million | -30.97% |
| 2018-06-30 | GBX201.99 Million | -4.06% |
| 2017-06-30 | GBX210.54 Million | +43.34% |
| 2016-06-30 | GBX146.88 Million | +18.11% |
| 2015-06-30 | GBX124.36 Million | +3.21% |
| 2014-06-30 | GBX120.49 Million | +38.06% |
| 2013-06-30 | GBX87.27 Million | +25.57% |
| 2012-06-30 | GBX69.50 Million | +11.60% |
| 2011-06-30 | GBX62.27 Million | -20.73% |
| 2010-06-30 | GBX78.56 Million | +17.96% |
| 2009-06-30 | GBX66.60 Million | -2.96% |
| 2008-06-30 | GBX68.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to VietNam Holding 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 14578742800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX145.79 Million | 104.02% |
| Common Stock | GBX166.65 Million | 118.90% |
| Total Equity | GBX140.15 Million | 100.00% |
VietNam Holding Limited Competitors by Market Cap
The table below lists competitors of VietNam Holding Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
POWR Lithium Corp.
OTCQB:PWRLF
|
$426.28 |
|
Softblue SA
WAR:SBE
|
$426.76 |
|
VETECE Holdings Berhad
KLSE:0319
|
$427.67 |
|
Advanced Pharmaceutical Packaging Co. (APP)
EGX:APPC
|
$427.75 |
|
Premier Exhibitions Inc
PINK:PRXIQ
|
$426.15 |
|
Macau Property Opportunities Fund Ltd
LSE:MPO
|
$425.08 |
|
ZIWETO HOLDINGS LIMITED (USD)
SEM:ZWTO
|
$424.64 |
|
Futura Medical
LSE:FUM
|
$424.60 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VietNam Holding Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 115,259,277 to 140,151,385, a change of 24,892,108 (21.6%).
- Net income of 26,522,608 contributed positively to equity growth.
- Share repurchases of 1,876,969 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX26.52 Million | +18.92% |
| Share Repurchases | GBX1.88 Million | -1.34% |
| Other Changes | GBX246.47K | +0.18% |
| Total Change | GBX- | 21.60% |
Book Value vs Market Value Analysis
This analysis compares VietNam Holding 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: 70.92x
- 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 297.50x to 70.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-06-30 | GBX1.22 | GBX363.00 | x |
| 2009-06-30 | GBX1.18 | GBX363.00 | x |
| 2010-06-30 | GBX1.40 | GBX363.00 | x |
| 2011-06-30 | GBX1.11 | GBX363.00 | x |
| 2012-06-30 | GBX1.26 | GBX363.00 | x |
| 2013-06-30 | GBX1.62 | GBX363.00 | x |
| 2014-06-30 | GBX1.99 | GBX363.00 | x |
| 2015-06-30 | GBX2.05 | GBX363.00 | x |
| 2016-06-30 | GBX2.49 | GBX363.00 | x |
| 2017-06-30 | GBX3.78 | GBX363.00 | x |
| 2018-06-30 | GBX2.87 | GBX363.00 | x |
| 2019-06-30 | GBX2.44 | GBX363.00 | x |
| 2020-06-30 | GBX2.30 | GBX363.00 | x |
| 2021-06-30 | GBX4.28 | GBX363.00 | x |
| 2022-06-30 | GBX4.03 | GBX363.00 | x |
| 2023-06-30 | GBX4.02 | GBX363.00 | x |
| 2024-06-30 | GBX5.12 | GBX363.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VietNam Holding 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): 18.92%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 85.60%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.00x
- Recent ROE (18.92%) is above the historical average (1.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -81.77% | 0.00% | -0.78x | 1.01x | GBX-62.99 Million |
| 2009 | -3.05% | 0.00% | -0.01x | 1.01x | GBX-8.69 Million |
| 2010 | 15.22% | 88.92% | 0.17x | 1.01x | GBX4.10 Million |
| 2011 | -25.64% | 0.00% | -0.23x | 1.01x | GBX-22.20 Million |
| 2012 | 12.84% | 87.62% | 0.15x | 1.01x | GBX1.97 Million |
| 2013 | 21.48% | 94.84% | 0.22x | 1.01x | GBX10.02 Million |
| 2014 | 18.78% | 94.90% | 0.19x | 1.02x | GBX10.58 Million |
| 2015 | 7.71% | 90.01% | 0.08x | 1.01x | GBX-2.84 Million |
| 2016 | 21.39% | 96.61% | 0.21x | 1.04x | GBX16.73 Million |
| 2017 | 12.97% | 95.94% | 0.13x | 1.04x | GBX6.26 Million |
| 2018 | 5.57% | 88.59% | 0.06x | 1.01x | GBX-8.95 Million |
| 2019 | -16.80% | 0.00% | -0.16x | 1.01x | GBX-37.36 Million |
| 2020 | -17.98% | 0.00% | -0.17x | 1.00x | GBX-32.82 Million |
| 2021 | 51.08% | 96.32% | 0.52x | 1.02x | GBX80.55 Million |
| 2022 | -5.99% | 0.00% | -0.03x | 1.00x | GBX-20.60 Million |
| 2023 | -7.48% | 0.00% | -0.06x | 1.01x | GBX-20.15 Million |
| 2024 | 18.92% | 85.60% | 0.22x | 1.00x | GBX12.51 Million |
Industry Comparison
This section compares VietNam Holding 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 Holding Limited (VNH) | GBX124.46 Million | -81.77% | 0.00x | $426.21 |
| 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 |