Asia Commercial Bank (ACB) - Net Assets
Based on the latest financial reports, Asia Commercial Bank (ACB) has net assets worth ₫94.52 Trillion VND (≈ $3.59 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 (₫1025.85 Trillion ≈ $38.98 Billion USD) and total liabilities (₫931.33 Trillion ≈ $35.38 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 how strategically is Asia Commercial Bank's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫94.52 Trillion |
| % of Total Assets | 9.21% |
| Annual Growth Rate | 22.64% |
| 5-Year Change | 110.51% |
| 10-Year Change | N/A |
| Growth Volatility | 5.95 |
Asia Commercial Bank - Net Assets Trend (2019–2025)
This chart illustrates how Asia Commercial Bank's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see ACB company net worth.
Annual Net Assets for Asia Commercial Bank (2019–2025)
The table below shows the annual net assets of Asia Commercial Bank from 2019 to 2025. Also explore net asset growth rate of Asia Commercial Bank to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫94.52 Trillion ≈ $3.59 Billion |
+13.25% |
| 2024-12-31 | ₫83.46 Trillion ≈ $3.17 Billion |
+17.62% |
| 2023-12-31 | ₫70.96 Trillion ≈ $2.70 Billion |
+21.42% |
| 2022-12-31 | ₫58.44 Trillion ≈ $2.22 Billion |
+30.15% |
| 2021-12-31 | ₫44.90 Trillion ≈ $1.71 Billion |
+26.67% |
| 2020-12-31 | ₫35.45 Trillion ≈ $1.35 Billion |
+27.67% |
| 2019-12-31 | ₫27.77 Trillion ≈ $1.05 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Asia Commercial Bank'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 138.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫25.30 Trillion | 26.77% |
| Other Components | ₫69.22 Trillion | 73.23% |
| Total Equity | ₫94.52 Trillion | 100.00% |
Asia Commercial Bank Competitors by Market Cap
The table below lists competitors of Asia Commercial Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KEDA INDL GRP.C.LTD GDR A
F:T0T
|
$4.41 Billion |
|
International Bancshares Corporation
NASDAQ:IBOC
|
$4.41 Billion |
|
Empire Company Limited
TO:EMP-A
|
$4.41 Billion |
|
Brookfield Renewable Corp
NYSE:BEPC
|
$4.41 Billion |
|
Union Bank of Taiwan Pref
TW:2838A
|
$4.41 Billion |
|
Thai Oil Public Company Limited
BK:TOP
|
$4.40 Billion |
|
KONINKLIJKE VOP.UNSP.ADR
F:VPK
|
$4.40 Billion |
|
Western Securities Co Ltd
SHE:002673
|
$4.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Commercial Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 83,461,678,000,000 to 94,519,719,000,000, a change of 11,058,041,000,000 (13.2%).
- Net income of 15,624,699,000,000 contributed positively to equity growth.
- Dividend payments of 4,466,658,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫15.62 Trillion | +16.53% |
| Dividends Paid | ₫4.47 Trillion | -4.73% |
| Other Changes | ₫-100.00 Billion | -0.11% |
| Total Change | ₫- | 13.25% |
Book Value vs Market Value Analysis
This analysis compares Asia Commercial Bank'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: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.75x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫12893.31 | ₫22600.00 | x |
| 2020-12-31 | ₫9126.60 | ₫22600.00 | x |
| 2021-12-31 | ₫11560.33 | ₫22600.00 | x |
| 2022-12-31 | ₫15045.80 | ₫22600.00 | x |
| 2023-12-31 | ₫13813.65 | ₫22600.00 | x |
| 2024-12-31 | ₫16248.25 | ₫22600.00 | x |
| 2025-12-31 | ₫18401.02 | ₫22600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Commercial Bank 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): 16.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.64%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 10.85x
- Recent ROE (16.53%) is below the historical average (21.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 21.65% | 40.80% | 0.04x | 13.81x | ₫3.23 Trillion |
| 2020 | 21.67% | 42.74% | 0.04x | 12.54x | ₫4.14 Trillion |
| 2021 | 21.39% | 41.02% | 0.04x | 11.75x | ₫5.11 Trillion |
| 2022 | 23.42% | 48.31% | 0.05x | 10.40x | ₫7.84 Trillion |
| 2023 | 22.61% | 50.07% | 0.04x | 10.13x | ₫8.95 Trillion |
| 2024 | 20.12% | 49.15% | 0.04x | 10.35x | ₫8.44 Trillion |
| 2025 | 16.53% | 44.64% | 0.03x | 10.85x | ₫6.17 Trillion |
Industry Comparison
This section compares Asia Commercial Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $61,215,193,111,111
- Average return on equity (ROE) among peers: 15.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Commercial Bank (ACB) | ₫94.52 Trillion | 21.65% | 9.85x | $4.41 Billion |
| Joint Stock Commercial Bank for Investment and Development of Vietnam (BID) | $77.65 Trillion | 10.78% | 18.19x | $9.70 Billion |
| Vietnam JSCmmercial Bank for Industry and Trade (CTG) | $148.50 Trillion | 17.07% | 15.06x | $9.10 Billion |
| Vietnam Export Import Commercial Joint Stock Bank (EIB) | $16.82 Trillion | 6.36% | 8.54x | $1.14 Billion |
| Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) | $38.99 Trillion | 19.87% | 9.68x | $5.15 Billion |
| Lien Viet Post Joint Stock Commercial Bank (LPB) | $16.80 Trillion | 17.10% | 16.21x | $5.28 Billion |
| Military Commercial Joint Stock Bank (MBB) | $50.10 Trillion | 16.49% | 8.88x | $7.14 Billion |
| Sai Gon Ha Noi Commercial Joint Stock Bank (SHB) | $42.90 Trillion | 18.01% | 11.84x | $2.04 Billion |
| Sai Gon Thuong Tin Commercial Joint Stock Bank (STB) | $45.73 Trillion | 16.88% | 13.75x | $5.43 Billion |
| Vietnam Technological And Commercial Joint Stock Bank (TCB) | $113.42 Trillion | 18.70% | 5.16x | $8.74 Billion |
About Asia Commercial Bank
Asia Commercial Joint Stock Bank provides various banking products and services to personal and business customers in Vietnam. It offers term and demand deposits, current accounts, time deposit; credit, debit, prepaid, and other cards; and insurance products comprising life, accident, and medical and health insurance services, as well as comprehensive solutions insurance products. The company als… Read more