BAF Viet Nam Agriculture JSC
BAF Vietnam Agriculture Joint Stock Company engages in the agriculture, animal husbandry, and food processing businesses in Vietnam and Myanmar. It produces, processes, and sells bran and feeds for pigs; and operates slaughtering facilities and pig breeding farms. The company offers various pork meat, such as lean shoulder, bacon, lean meat butt, cartilage rib meat, filet, and pork leg meat produ… Read more
BAF Viet Nam Agriculture JSC (BAF) - Net Assets
Latest net assets as of December 2025: ₫4.04 Trillion VND
Based on the latest financial reports, BAF Viet Nam Agriculture JSC (BAF) has net assets worth ₫4.04 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 (₫10.74 Trillion) and total liabilities (₫6.71 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 | ₫4.04 Trillion |
| % of Total Assets | 37.58% |
| Annual Growth Rate | 48.16% |
| 5-Year Change | 177.5% |
| 10-Year Change | N/A |
| Growth Volatility | 53.04 |
BAF Viet Nam Agriculture JSC - Net Assets Trend (2020–2025)
This chart illustrates how BAF Viet Nam Agriculture 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 BAF Viet Nam Agriculture JSC (2020–2025)
The table below shows the annual net assets of BAF Viet Nam Agriculture JSC from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫4.04 Trillion | +37.52% |
| 2024-12-31 | ₫2.94 Trillion | +53.84% |
| 2023-12-31 | ₫1.91 Trillion | +9.51% |
| 2022-12-31 | ₫1.74 Trillion | +19.79% |
| 2021-12-31 | ₫1.45 Trillion | +157.22% |
| 2020-12-31 | ₫565.59 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BAF Viet Nam Agriculture 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 657.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫496.51 Billion | 12.32% |
| Other Components | ₫3.53 Trillion | 87.68% |
| Total Equity | ₫4.03 Trillion | 100.00% |
BAF Viet Nam Agriculture JSC Competitors by Market Cap
The table below lists competitors of BAF Viet Nam Agriculture JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hillstone Networks Co Ltd
SHG:688030
|
$231.84 Million |
|
ARTS Group Co Ltd
SHG:603017
|
$231.84 Million |
|
Worldex Industry & Trading Co. Ltd
KQ:101160
|
$231.87 Million |
|
Taimide Tech Inc
TW:3645
|
$231.88 Million |
|
Takara Leben Co. Ltd
F:TDI
|
$231.64 Million |
|
Shanghai Shine-Link Intl
SHG:603648
|
$231.59 Million |
|
Logo Yazilim Sanayi ve Ticaret AS
IS:LOGO
|
$231.54 Million |
|
Farglory FTZ Investment Holding Co Ltd
TW:5607
|
$231.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BAF Viet Nam Agriculture JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,926,123,523,314 to 4,030,995,967,740, a change of 1,104,872,444,426 (37.8%).
- Net income of 98,252,444,426 contributed positively to equity growth.
- New share issuances of 1,006,620,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫98.25 Billion | +2.44% |
| Share Issuances | ₫1.01 Trillion | +24.97% |
| Total Change | ₫- | 37.76% |
Book Value vs Market Value Analysis
This analysis compares BAF Viet Nam Agriculture 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: 2.88x
- 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 13.28x to 2.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₫2651.32 | ₫35200.00 | x |
| 2022-12-31 | ₫8127.82 | ₫35200.00 | x |
| 2023-12-31 | ₫8895.94 | ₫35200.00 | x |
| 2024-12-31 | ₫12242.09 | ₫35200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BAF Viet Nam Agriculture 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): 2.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.95%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.67x
- Recent ROE (2.44%) is below the historical average (10.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 8.10% | 0.36% | 2.45x | 9.28x | ₫-10.73 Billion |
| 2021 | 22.23% | 3.08% | 1.91x | 3.77x | ₫177.00 Billion |
| 2022 | 16.53% | 4.05% | 1.50x | 2.73x | ₫113.30 Billion |
| 2023 | 1.39% | 0.51% | 0.80x | 3.44x | ₫-163.40 Billion |
| 2024 | 10.84% | 5.62% | 0.76x | 2.55x | ₫24.44 Billion |
| 2025 | 2.44% | 1.95% | 0.47x | 2.67x | ₫-304.85 Billion |
Industry Comparison
This section compares BAF Viet Nam Agriculture JSC's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $3,548,322,588,570
- Average return on equity (ROE) among peers: 1.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BAF Viet Nam Agriculture JSC (BAF) | ₫4.04 Trillion | 8.10% | 1.66x | $231.66 Million |
| Nam Viet Corp (ANV) | $2.88 Trillion | 23.38% | 0.90x | $223.17 Million |
| Dabaco (DBC) | $4.64 Trillion | 0.11% | 1.80x | $292.30 Million |
| Hoang Anh Gia Lai Agricultural JSC (HNG) | $2.26 Trillion | -48.70% | 5.25x | $240.20 Million |
| Vietnam National Seed Group JSC (NSC) | $1.45 Trillion | 15.46% | 0.54x | $50.15 Million |
| PAN Group JSC (PAN) | $6.15 Trillion | 4.19% | 0.75x | $231.96 Million |
| Phuoc Hoa Rubber JSC (PHR) | $3.92 Trillion | 11.74% | 0.51x | $304.51 Million |