VinaCapital Vietnam Opportunity Fund (VOF) - Net Assets
Based on the latest financial reports, VinaCapital Vietnam Opportunity Fund (VOF) has net assets worth GBX1.02 Billion GBX (≈ $124.38K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.06 Billion ≈ $129.06K USD) and total liabilities (GBX38.47 Million ≈ $4.68K 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 VOF PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX1.02 Billion |
| % of Total Assets | 96.37% |
| Annual Growth Rate | 23.86% |
| 5-Year Change | -29.04% |
| 10-Year Change | 22.68% |
| Growth Volatility | 174.69 |
VinaCapital Vietnam Opportunity Fund - Net Assets Trend (2004–2025)
This chart illustrates how VinaCapital Vietnam Opportunity Fund's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see VinaCapital Vietnam Opportunity Fund (VOF) total market value.
Annual Net Assets for VinaCapital Vietnam Opportunity Fund (2004–2025)
The table below shows the annual net assets of VinaCapital Vietnam Opportunity Fund from 2004 to 2025. Also explore net asset momentum of VinaCapital Vietnam Opportunity Fund to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | GBX964.92 Million ≈ $117.40K |
-14.55% |
| 2024-06-30 | GBX1.13 Billion ≈ $137.40K |
+0.48% |
| 2023-06-30 | GBX1.12 Billion ≈ $136.74K |
-4.77% |
| 2022-06-30 | GBX1.18 Billion ≈ $143.58K |
-13.21% |
| 2021-06-30 | GBX1.36 Billion ≈ $165.45K |
+55.21% |
| 2020-06-30 | GBX876.11 Million ≈ $106.60K |
-10.57% |
| 2019-06-30 | GBX979.70 Million ≈ $119.20K |
-6.11% |
| 2018-06-30 | GBX1.04 Billion ≈ $126.96K |
+9.87% |
| 2017-06-30 | GBX949.67 Million ≈ $115.55K |
+20.74% |
| 2016-06-30 | GBX786.54 Million ≈ $95.70K |
+9.44% |
| 2015-06-30 | GBX718.66 Million ≈ $87.44K |
-7.84% |
| 2014-06-30 | GBX779.80 Million ≈ $94.88K |
+3.49% |
| 2013-06-30 | GBX753.53 Million ≈ $91.68K |
-1.58% |
| 2012-06-30 | GBX765.64 Million ≈ $93.16K |
+1.83% |
| 2011-06-30 | GBX751.91 Million ≈ $91.49K |
-4.08% |
| 2010-06-30 | GBX783.93 Million ≈ $95.38K |
+12.70% |
| 2009-06-30 | GBX695.59 Million ≈ $84.63K |
-1.05% |
| 2008-06-30 | GBX702.99 Million ≈ $85.53K |
-16.69% |
| 2007-06-30 | GBX843.80 Million ≈ $102.67K |
+225.77% |
| 2006-06-30 | GBX259.01 Million ≈ $31.51K |
+169.13% |
| 2005-06-30 | GBX96.24 Million ≈ $11.71K |
+792.11% |
| 2004-06-30 | GBX10.79 Million ≈ $1.31K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to VinaCapital Vietnam Opportunity Fund'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 65142.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX840.32 Million | 87.09% |
| Common Stock | GBX1.42 Million | 0.15% |
| Other Components | GBX123.19 Million | 12.77% |
| Total Equity | GBX964.92 Million | 100.00% |
VinaCapital Vietnam Opportunity Fund Competitors by Market Cap
The table below lists competitors of VinaCapital Vietnam Opportunity Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GIGLIO.COM S.P.A. O.N.
F:5JR0
|
$6.29 Million |
|
Ecoslops SA
PA:ALESA
|
$6.30 Million |
|
HLT Global Bhd
KLSE:0188
|
$6.30 Million |
|
Processa Pharmaceuticals Inc
NASDAQ:PCSA
|
$6.30 Million |
|
Rossi Residencial S.A
SA:RSID3
|
$6.29 Million |
|
Stenocare AS
CO:STENO
|
$6.29 Million |
|
Novavis Group SA
WAR:NVG
|
$6.28 Million |
|
Dongil Steel Co. Ltd
KQ:023790
|
$6.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VinaCapital Vietnam Opportunity Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,129,238,000 to 964,923,846, a change of -164,314,154 (-14.6%).
- Net loss of 50,440,641 reduced equity.
- Dividend payments of 21,948,918 reduced retained earnings.
- Share repurchases of 103,054,443 reduced equity.
- Other factors increased equity by 11,129,848.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-50.44 Million | -5.23% |
| Dividends Paid | GBX21.95 Million | -2.27% |
| Share Repurchases | GBX103.05 Million | -10.68% |
| Other Changes | GBX11.13 Million | +1.15% |
| Total Change | GBX- | -14.55% |
Book Value vs Market Value Analysis
This analysis compares VinaCapital Vietnam Opportunity Fund'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: 64.01x
- 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 190.05x to 64.01x 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 | GBX2.26 | GBX430.00 | x |
| 2009-06-30 | GBX2.10 | GBX430.00 | x |
| 2010-06-30 | GBX2.41 | GBX430.00 | x |
| 2011-06-30 | GBX2.32 | GBX430.00 | x |
| 2012-06-30 | GBX2.39 | GBX430.00 | x |
| 2013-06-30 | GBX2.62 | GBX430.00 | x |
| 2014-06-30 | GBX3.15 | GBX430.00 | x |
| 2015-06-30 | GBX3.14 | GBX430.00 | x |
| 2016-06-30 | GBX3.67 | GBX430.00 | x |
| 2017-06-30 | GBX4.63 | GBX430.00 | x |
| 2018-06-30 | GBX5.27 | GBX430.00 | x |
| 2019-06-30 | GBX5.23 | GBX430.00 | x |
| 2020-06-30 | GBX4.82 | GBX430.00 | x |
| 2021-06-30 | GBX7.93 | GBX430.00 | x |
| 2022-06-30 | GBX7.12 | GBX430.00 | x |
| 2023-06-30 | GBX6.95 | GBX430.00 | x |
| 2024-06-30 | GBX7.24 | GBX430.00 | x |
| 2025-06-30 | GBX6.72 | GBX430.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VinaCapital Vietnam Opportunity Fund 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): -5.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -37.01%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.00x
- Recent ROE (-5.23%) is below the historical average (2.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -61.94% | 0.00% | -0.61x | 1.08x | GBX-481.20 Million |
| 2009 | -0.09% | 0.00% | -0.06x | 1.05x | GBX-68.78 Million |
| 2010 | 13.38% | 86.81% | 0.15x | 1.01x | GBX26.44 Million |
| 2011 | -4.80% | 0.00% | -0.03x | 1.02x | GBX-111.26 Million |
| 2012 | 3.71% | 34.90% | 0.11x | 1.01x | GBX-48.13 Million |
| 2013 | 11.99% | 85.31% | 0.14x | 1.03x | GBX15.01 Million |
| 2014 | 10.48% | 78.86% | 0.13x | 1.03x | GBX3.77 Million |
| 2015 | -0.75% | 0.00% | 0.00x | 1.01x | GBX-77.24 Million |
| 2016 | 12.21% | 95.89% | 0.13x | 1.01x | GBX17.42 Million |
| 2017 | 20.06% | 98.37% | 0.20x | 1.03x | GBX95.58 Million |
| 2018 | 14.64% | 98.37% | 0.14x | 1.04x | GBX48.40 Million |
| 2019 | -0.37% | 0.00% | 0.00x | 1.02x | GBX-101.61 Million |
| 2020 | -5.76% | 0.00% | -0.05x | 1.00x | GBX-138.07 Million |
| 2021 | 39.77% | 99.47% | 0.38x | 1.05x | GBX404.81 Million |
| 2022 | -10.29% | 0.00% | -0.09x | 1.04x | GBX-239.45 Million |
| 2023 | -1.34% | 0.00% | -0.01x | 1.03x | GBX-127.41 Million |
| 2024 | 6.46% | 94.54% | 0.07x | 1.01x | GBX-40.02 Million |
| 2025 | -5.23% | -37.01% | 0.14x | 1.00x | GBX-146.93 Million |
Industry Comparison
This section compares VinaCapital Vietnam Opportunity Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $971,344,300
- Average return on equity (ROE) among peers: 2.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VinaCapital Vietnam Opportunity Fund (VOF) | GBX1.02 Billion | -61.94% | 0.04x | $6.29 Million |
| 3I Infrastructure PLC (3IN) | $1.25 Billion | 6.43% | 0.14x | $44.16 Million |
| Albion Enterprise VCT PLC (AAEV) | $278.53 Million | 5.11% | 0.01x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $329.43 Million | -11.14% | 0.12x | $5.50 Million |
| Abrdn Asia Focus PLC (AAS) | $46.34 Million | 0.00% | 0.14x | $7.56 Million |
| Albion Technology & General VCT PLC (AATG) | $78.03 Million | -0.40% | 0.01x | $3.15 Million |
| Abrdn PLC (ABDN) | $6.67 Billion | 3.99% | 0.71x | $52.13 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $413.68 Million | 2.10% | 0.15x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $95.23 Million | 0.14% | 0.02x | $247.72K |
| Aquila European Renewables Income PLC (AERI) | $316.90 Million | -0.37% | 0.13x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $241.60 Million | 17.22% | 0.01x | $439.05 |
About VinaCapital Vietnam Opportunity Fund
VinaCapital Vietnam Opportunity Fund Limited specializes in growth equity investments. The fund seeks to invest 80 percent of its portfolio in private equity and 20 percent in equitization projects will be re-allocated to listed shares. The fund also makes private investments. It invests in stocks of companies operating across diversified sectors including consumer and healthcare to construction … Read more