Taseco Air Services JSC
Taseco Air Services Joint Stock Company, together with its subsidiaries, engages in airport commercial services in Vietnam. It operates through Sales of Goods and Rendering of Related Services in Terminals and Airports; and Hospitality and Catering Service segments. The company offers restaurants and mobile food services; travel agency, tour operator, and short stay services; road passenger trans… Read more
Taseco Air Services JSC (AST) - Net Assets
Latest net assets as of June 2025: ₫674.91 Billion VND
Based on the latest financial reports, Taseco Air Services JSC (AST) has net assets worth ₫674.91 Billion VND as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫973.00 Billion) and total liabilities (₫298.09 Billion). 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 | ₫674.91 Billion |
| % of Total Assets | 69.36% |
| Annual Growth Rate | 3.43% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 18.9 |
Taseco Air Services JSC - Net Assets Trend (2020–2024)
This chart illustrates how Taseco Air Services JSC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Taseco Air Services JSC (2020–2024)
The table below shows the annual net assets of Taseco Air Services JSC from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₫618.27 Billion | +5.20% |
| 2023-12-31 | ₫587.72 Billion | +29.03% |
| 2022-12-31 | ₫455.47 Billion | +10.43% |
| 2021-12-31 | ₫412.46 Billion | -23.66% |
| 2020-12-31 | ₫540.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taseco Air Services JSC'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 89.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫76.32 Billion | 14.50% |
| Other Components | ₫450.00 Billion | 85.50% |
| Total Equity | ₫526.32 Billion | 100.00% |
Taseco Air Services JSC Competitors by Market Cap
The table below lists competitors of Taseco Air Services JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
XINYUREN ORD A (SHH) EQSW Exp:
SHG:688573
|
$26.96K |
|
W&T OFFSHORE (UWV.SG)
STU:UWV
|
$26.97K |
|
CARTIER SAADA
BC:CARTIER-SAADA
|
$26.98K |
|
Team India Guaranty Limited
NSE:TEAMGTY
|
$26.98K |
|
East Buy Holding Limited
F:KTD
|
$26.95K |
|
Literacy Capital PLC
LSE:BOOK
|
$26.94K |
|
DRDGOLD (DUB1.SG)
STU:DUB1
|
$26.94K |
|
KINGSOFT (3K1.SG)
STU:3K1
|
$26.86K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taseco Air Services JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 505,366,478,200 to 526,316,501,518, a change of 20,950,023,318 (4.1%).
- Net income of 148,621,058,440 contributed positively to equity growth.
- Dividend payments of 179,052,056,745 reduced retained earnings.
- New share issuances of 14,000,000,000 increased equity.
- Other factors increased equity by 37,381,021,623.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫148.62 Billion | +28.24% |
| Dividends Paid | ₫179.05 Billion | -34.02% |
| Share Issuances | ₫14.00 Billion | +2.66% |
| Other Changes | ₫37.38 Billion | +7.1% |
| Total Change | ₫- | 4.15% |
Book Value vs Market Value Analysis
This analysis compares Taseco Air Services JSC'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: 6.16x
- 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 8.22x to 6.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₫8769.47 | ₫72100.00 | x |
| 2023-12-31 | ₫11230.37 | ₫72100.00 | x |
| 2024-12-31 | ₫11695.92 | ₫72100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taseco Air Services JSC 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): 28.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.17%
- • Asset Turnover: 1.56x
- • Equity Multiplier: 1.62x
- Recent ROE (28.24%) is above the historical average (3.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -10.00% | -13.64% | 0.58x | 1.27x | ₫-98.05 Billion |
| 2021 | -31.65% | -76.62% | 0.31x | 1.35x | ₫-155.35 Billion |
| 2022 | 5.87% | 3.83% | 1.04x | 1.47x | ₫-16.32 Billion |
| 2023 | 22.87% | 10.51% | 1.44x | 1.51x | ₫65.04 Billion |
| 2024 | 28.24% | 11.17% | 1.56x | 1.62x | ₫95.99 Billion |
Industry Comparison
This section compares Taseco Air Services JSC's net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $918,011,330,468
- Average return on equity (ROE) among peers: 26.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taseco Air Services JSC (AST) | ₫674.91 Billion | -10.00% | 0.44x | $26.96K |
| Sai Gon Cargo Service Corp (SCS) | $1.02 Trillion | 45.72% | 0.08x | $71.62 Million |
| Sai Gon Ground Services JSC (SGN) | $820.29 Billion | 6.53% | 0.14x | $53.18 Million |