Sao Mai Group Corp
Sao Mai Group Corporation engages in the real estate, energy, human resources, aquaculture, construction, trade, and services businesses in Vietnam. The company involved in monetary intermediary activities; airline ticket agency; electricity transmission and distribution; hospitals and medical stations activities; wholesale of other household appliances; sauna, massage, spa, and similar health en… Read more
Sao Mai Group Corp (ASM) - Net Assets
Latest net assets as of December 2025: ₫8.22 Trillion VND
Based on the latest financial reports, Sao Mai Group Corp (ASM) has net assets worth ₫8.22 Trillion VND as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫23.51 Trillion) and total liabilities (₫15.29 Trillion). 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 | ₫8.22 Trillion |
| % of Total Assets | 34.97% |
| Annual Growth Rate | 4.53% |
| 5-Year Change | 8.5% |
| 10-Year Change | N/A |
| Growth Volatility | 3.79 |
Sao Mai Group Corp - Net Assets Trend (2019–2025)
This chart illustrates how Sao Mai Group Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sao Mai Group Corp (2019–2025)
The table below shows the annual net assets of Sao Mai Group Corp from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫8.22 Trillion | +1.64% |
| 2024-12-31 | ₫8.09 Trillion | +3.34% |
| 2023-12-31 | ₫7.83 Trillion | -0.17% |
| 2022-12-31 | ₫7.84 Trillion | +3.48% |
| 2021-12-31 | ₫7.58 Trillion | +10.25% |
| 2020-12-31 | ₫6.87 Trillion | +9.05% |
| 2019-12-31 | ₫6.30 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sao Mai Group Corp'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 48.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫573.21 Billion | 10.46% |
| Other Components | ₫4.90 Trillion | 89.54% |
| Total Equity | ₫5.48 Trillion | 100.00% |
Sao Mai Group Corp Competitors by Market Cap
The table below lists competitors of Sao Mai Group Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Songwon Industrial
KO:004430
|
$79.87 Million |
|
Nice Information & Telecommunication Inc
KQ:036800
|
$79.87 Million |
|
Jaguar Mining Inc
OTCQX:JAGGF
|
$79.88 Million |
|
Oxford Square Capital Corp
NASDAQ:OXSQ
|
$79.88 Million |
|
ASUNTOSALKKU A EO 1
F:H57
|
$79.87 Million |
|
Demaecan Co Ltd
PINK:YUMSF
|
$79.83 Million |
|
Top Bright Holding Co Ltd
TW:8499
|
$79.81 Million |
|
Cerro de Pasco Resources Inc
OTCQB:GPPRF
|
$79.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sao Mai Group Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,428,557,355,166 to 5,477,751,280,109, a change of 49,193,924,943 (0.9%).
- Net income of 46,442,473,399 contributed positively to equity growth.
- Dividend payments of 5,372,649,468 reduced retained earnings.
- New share issuances of 2,500,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫46.44 Billion | +0.85% |
| Dividends Paid | ₫5.37 Billion | -0.1% |
| Share Issuances | ₫2.50 Billion | +0.05% |
| Other Changes | ₫5.62 Billion | +0.1% |
| Total Change | ₫- | 0.91% |
Book Value vs Market Value Analysis
This analysis compares Sao Mai Group Corp'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: 0.43x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫11962.49 | ₫5770.00 | x |
| 2020-12-31 | ₫13364.04 | ₫5770.00 | x |
| 2021-12-31 | ₫15145.71 | ₫5770.00 | x |
| 2022-12-31 | ₫15511.90 | ₫5770.00 | x |
| 2023-12-31 | ₫15554.27 | ₫5770.00 | x |
| 2024-12-31 | ₫14664.71 | ₫5770.00 | x |
| 2025-12-31 | ₫13452.43 | ₫5770.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sao Mai Group Corp 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): 0.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.41%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 4.29x
- Recent ROE (0.85%) is below the historical average (8.30%), 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 | 15.82% | 4.48% | 0.91x | 3.87x | ₫234.35 Billion |
| 2020 | 10.57% | 3.80% | 0.71x | 3.91x | ₫25.73 Billion |
| 2021 | 11.78% | 5.27% | 0.63x | 3.56x | ₫90.74 Billion |
| 2022 | 12.04% | 4.57% | 0.72x | 3.66x | ₫106.37 Billion |
| 2023 | 3.73% | 1.63% | 0.59x | 3.88x | ₫-328.41 Billion |
| 2024 | 3.33% | 1.51% | 0.53x | 4.21x | ₫-362.00 Billion |
| 2025 | 0.85% | 0.41% | 0.48x | 4.29x | ₫-501.33 Billion |
Industry Comparison
This section compares Sao Mai Group Corp's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $23,639,858,629,761
- Average return on equity (ROE) among peers: 3.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sao Mai Group Corp (ASM) | ₫8.22 Trillion | 15.82% | 1.86x | $79.87 Million |
| Century Land Joint Stock Company (CRE) | $5.62 Trillion | 0.04% | 0.26x | $119.66 Million |
| Hoang Quan Consulting Trading Service Real Estate Corp (HQC) | $5.39 Trillion | 0.63% | 0.54x | $58.51 Million |
| Kinh Bac City Development Share Holding Corp (KBC) | $10.65 Trillion | 2.10% | 1.23x | $968.23 Million |
| 577 Investment Corp (NBB) | $813.00 Billion | 1.36% | 8.58x | $21.53 Million |
| Song Da Urban & Industrial Zone Investment and Development JSC (SJS) | $2.58 Trillion | 4.65% | 1.63x | $218.67 Million |
| Sonadezi Chau Duc Shareholding Co (SZC) | $1.53 Trillion | 12.86% | 3.13x | $209.66 Million |
| Vingroup JSC (VIC) | $159.57 Trillion | -1.58% | 1.68x | $9.53 Billion |
| Van Phu - Invest Investment JSC (VPI) | $2.96 Trillion | 10.17% | 2.28x | $321.83 Million |