Vietnam Manufacturing and Export Processing (Holdings) Limited
Vietnam Manufacturing and Export Processing (Holdings) Limited, an investment holding company, manufactures and sells motorbikes and scooters, and related spare parts and engines in Vietnam. The company engages in the provision of motorbike maintenance services; and manufactures parts for use in repair servicing and product assembly. It also operates a distribution network of SYM authorized store… Read more
Vietnam Manufacturing and Export Processing (Holdings) Limited (9110) - Net Assets
Latest net assets as of September 2025: NT$42.33 Million TWD
Based on the latest financial reports, Vietnam Manufacturing and Export Processing (Holdings) Limited (9110) has net assets worth NT$42.33 Million TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$106.59 Million) and total liabilities (NT$64.26 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 | NT$42.33 Million |
| % of Total Assets | 39.71% |
| Annual Growth Rate | -1.45% |
| 5-Year Change | -21.73% |
| 10-Year Change | -67.0% |
| Growth Volatility | 35.82 |
Vietnam Manufacturing and Export Processing (Holdings) Limited - Net Assets Trend (2006–2024)
This chart illustrates how Vietnam Manufacturing and Export Processing (Holdings) 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 Manufacturing and Export Processing (Holdings) Limited (2006–2024)
The table below shows the annual net assets of Vietnam Manufacturing and Export Processing (Holdings) Limited from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$44.98 Million | -12.04% |
| 2023-12-31 | NT$51.14 Million | +0.50% |
| 2022-12-31 | NT$50.88 Million | -3.25% |
| 2021-12-31 | NT$52.59 Million | -8.49% |
| 2020-12-31 | NT$57.47 Million | -10.99% |
| 2019-12-31 | NT$64.57 Million | -21.38% |
| 2018-12-31 | NT$82.12 Million | -34.72% |
| 2017-12-31 | NT$125.79 Million | -6.51% |
| 2016-12-31 | NT$134.56 Million | -1.27% |
| 2015-12-31 | NT$136.29 Million | -8.77% |
| 2014-12-31 | NT$149.39 Million | -7.25% |
| 2013-12-31 | NT$161.07 Million | -6.30% |
| 2012-12-31 | NT$171.90 Million | -2.00% |
| 2011-12-31 | NT$175.42 Million | +4.63% |
| 2010-12-31 | NT$167.66 Million | +0.24% |
| 2009-12-31 | NT$167.26 Million | -2.76% |
| 2008-12-31 | NT$172.00 Million | +20.79% |
| 2007-12-31 | NT$142.40 Million | +143.23% |
| 2006-12-31 | NT$58.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vietnam Manufacturing and Export Processing (Holdings) 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 decreased by 3055424700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.16 Million | 2.59% |
| Other Comprehensive Income | NT$-37.83 Million | -84.11% |
| Other Components | NT$112.20 Million | 249.45% |
| Total Equity | NT$44.98 Million | 100.00% |
Vietnam Manufacturing and Export Processing (Holdings) Limited Competitors by Market Cap
The table below lists competitors of Vietnam Manufacturing and Export Processing (Holdings) Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GASCOGNE S.A.INH. EO 250
F:G5O
|
$25.96 Million |
|
LAVA THERAP. B.V. EO-12
F:4PKB
|
$25.96 Million |
|
Road King Infrastructure Limited
PINK:RKGXF
|
$25.97 Million |
|
Hyunwoo Industrial Co. LTD
KQ:092300
|
$25.97 Million |
|
Capinfo Company Limited
F:CF90
|
$25.92 Million |
|
Mediaco Holding Inc
NASDAQ:MDIA
|
$25.91 Million |
|
WIZ CORP Inc
KQ:038620
|
$25.91 Million |
|
Hongkong Chinese Limited
F:HKC
|
$25.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vietnam Manufacturing and Export Processing (Holdings) Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 51,133,209 to 44,978,209, a change of -6,155,000 (-12.0%).
- Net loss of 3,844,473 reduced equity.
- Other comprehensive income decreased equity by 2,310,526.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-3.84 Million | -8.55% |
| Other Comprehensive Income | NT$-2.31 Million | -5.14% |
| Other Changes | NT$-1.00 | -0.0% |
| Total Change | NT$- | -12.04% |
Book Value vs Market Value Analysis
This analysis compares Vietnam Manufacturing and Export Processing (Holdings) 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: 61.55x
- 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 increased from 38.14x to 61.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$0.08 | NT$3.05 | x |
| 2007-12-31 | NT$0.19 | NT$3.05 | x |
| 2008-12-31 | NT$0.19 | NT$3.05 | x |
| 2009-12-31 | NT$0.18 | NT$3.05 | x |
| 2010-12-31 | NT$0.18 | NT$3.05 | x |
| 2011-12-31 | NT$0.19 | NT$3.05 | x |
| 2012-12-31 | NT$0.19 | NT$3.05 | x |
| 2013-12-31 | NT$0.18 | NT$3.05 | x |
| 2014-12-31 | NT$0.16 | NT$3.05 | x |
| 2015-12-31 | NT$0.15 | NT$3.05 | x |
| 2016-12-31 | NT$0.15 | NT$3.05 | x |
| 2017-12-31 | NT$0.14 | NT$3.05 | x |
| 2018-12-31 | NT$0.09 | NT$3.05 | x |
| 2019-12-31 | NT$0.07 | NT$3.05 | x |
| 2020-12-31 | NT$0.06 | NT$3.05 | x |
| 2021-12-31 | NT$0.06 | NT$3.05 | x |
| 2022-12-31 | NT$0.06 | NT$3.05 | x |
| 2023-12-31 | NT$0.06 | NT$3.05 | x |
| 2024-12-31 | NT$0.05 | NT$3.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vietnam Manufacturing and Export Processing (Holdings) 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): -8.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.74%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 2.30x
- Recent ROE (-8.55%) is below the historical average (-1.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 39.83% | 12.65% | 3.05x | 1.03x | NT$17.47 Million |
| 2007 | 21.80% | 11.95% | 1.82x | 1.00x | NT$16.80 Million |
| 2008 | 4.63% | 3.67% | 0.92x | 1.37x | NT$-9.24 Million |
| 2009 | 12.73% | 9.78% | 0.99x | 1.32x | NT$4.56 Million |
| 2010 | 14.98% | 10.17% | 1.18x | 1.25x | NT$8.34 Million |
| 2011 | 9.78% | 6.35% | 1.31x | 1.18x | NT$-388.24K |
| 2012 | 0.43% | 0.36% | 0.98x | 1.22x | NT$-16.45 Million |
| 2013 | -5.92% | -5.52% | 0.82x | 1.31x | NT$-25.64 Million |
| 2014 | -6.95% | -5.85% | 0.84x | 1.42x | NT$-25.32 Million |
| 2015 | -5.89% | -6.39% | 0.71x | 1.30x | NT$-21.65 Million |
| 2016 | -0.56% | -0.56% | 0.75x | 1.32x | NT$-14.20 Million |
| 2017 | -7.42% | -9.95% | 0.58x | 1.29x | NT$-21.91 Million |
| 2018 | -50.95% | -45.71% | 0.79x | 1.40x | NT$-50.05 Million |
| 2019 | -27.25% | -17.68% | 0.91x | 1.69x | NT$-24.05 Million |
| 2020 | -12.68% | -8.66% | 0.78x | 1.87x | NT$-13.03 Million |
| 2021 | -10.59% | -5.99% | 0.82x | 2.16x | NT$-10.83 Million |
| 2022 | -0.39% | -0.15% | 1.05x | 2.50x | NT$-5.29 Million |
| 2023 | 3.30% | 1.60% | 0.99x | 2.08x | NT$-3.43 Million |
| 2024 | -8.55% | -4.74% | 0.79x | 2.30x | NT$-8.34 Million |
Industry Comparison
This section compares Vietnam Manufacturing and Export Processing (Holdings) Limited's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $2,703,451,500
- Average return on equity (ROE) among peers: 19.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vietnam Manufacturing and Export Processing (Holdings) Limited (9110) | NT$42.33 Million | 39.83% | 1.52x | $25.94 Million |
| Alexander Marine Co Ltd (8478) | $4.68 Billion | 37.46% | 0.93x | $109.56 Million |
| Her Chee Industrial Co Ltd (8937) | $726.04 Million | 0.65% | 0.91x | $201.59 Million |