BaoMinh Insurance Corp
Bao Minh Insurance Corporation engages in providing non-life insurance and reinsurance, and financial investment products and services in Vietnam. It offers motor vehicle, personal, property, marine, aviation, and agriculture insurance products. The company was founded in 1994 and is based in Ho Chi Minh City, Vietnam.
BaoMinh Insurance Corp (BMI) - Net Assets
Latest net assets as of December 2025: ₫2.93 Trillion VND
Based on the latest financial reports, BaoMinh Insurance Corp (BMI) has net assets worth ₫2.93 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 (₫7.53 Trillion) and total liabilities (₫4.60 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 | ₫2.93 Trillion |
| % of Total Assets | 38.9% |
| Annual Growth Rate | 4.35% |
| 5-Year Change | 25.45% |
| 10-Year Change | N/A |
| Growth Volatility | 2.66 |
BaoMinh Insurance Corp - Net Assets Trend (2019–2025)
This chart illustrates how BaoMinh Insurance 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 BaoMinh Insurance Corp (2019–2025)
The table below shows the annual net assets of BaoMinh Insurance Corp from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.93 Trillion | +5.10% |
| 2024-12-31 | ₫2.79 Trillion | +5.47% |
| 2023-12-31 | ₫2.64 Trillion | +9.20% |
| 2022-12-31 | ₫2.42 Trillion | +3.63% |
| 2021-12-31 | ₫2.34 Trillion | +1.42% |
| 2020-12-31 | ₫2.30 Trillion | +1.50% |
| 2019-12-31 | ₫2.27 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BaoMinh Insurance 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 grown by 68.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫637.59 Billion | 21.76% |
| Other Components | ₫2.29 Trillion | 78.24% |
| Total Equity | ₫2.93 Trillion | 100.00% |
BaoMinh Insurance Corp Competitors by Market Cap
The table below lists competitors of BaoMinh Insurance Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Midnight Sun Mining Corp
PINK:MDNGF
|
$99.54 Million |
|
Emeren Group Ltd
NYSE:SOL
|
$99.56 Million |
|
Shenzhen Mingdiao Decoration Co Ltd
SHE:002830
|
$99.57 Million |
|
Shenzhen Intelligent Precision Instrument Co Ltd
SHE:301512
|
$99.59 Million |
|
FLINT Corp.
TO:FLNT
|
$99.53 Million |
|
Unifiedpost Group SA
BR:UPG
|
$99.48 Million |
|
Sweeten Real Estate Development Co Ltd
TW:5525
|
$99.42 Million |
|
Grupo Sports World S.A.B. de C.V
MX:SPORTS
|
$99.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BaoMinh Insurance Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,787,543,499,598 to 2,929,807,263,214, a change of 142,263,763,616 (5.1%).
- Net income of 259,786,642,078 contributed positively to equity growth.
- Dividend payments of 66,321,409,000 reduced retained earnings.
- Other factors decreased equity by 51,201,469,462.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫259.79 Billion | +8.87% |
| Dividends Paid | ₫66.32 Billion | -2.26% |
| Other Changes | ₫-51.20 Billion | -1.75% |
| Total Change | ₫- | 5.10% |
Book Value vs Market Value Analysis
This analysis compares BaoMinh Insurance 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: 0.86x
- 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 | ₫20694.01 | ₫16800.00 | x |
| 2020-12-31 | ₫21005.05 | ₫16800.00 | x |
| 2021-12-31 | ₫21303.33 | ₫16800.00 | x |
| 2022-12-31 | ₫22076.82 | ₫16800.00 | x |
| 2023-12-31 | ₫19924.54 | ₫16800.00 | x |
| 2024-12-31 | ₫21015.41 | ₫16800.00 | x |
| 2025-12-31 | ₫19461.00 | ₫16800.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BaoMinh Insurance 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): 8.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.77%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.57x
- Recent ROE (8.87%) is below the historical average (9.89%), 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 | 7.99% | 5.25% | 0.61x | 2.50x | ₫-45.52 Billion |
| 2020 | 8.48% | 5.04% | 0.59x | 2.85x | ₫-35.05 Billion |
| 2021 | 10.92% | 6.51% | 0.53x | 3.16x | ₫21.55 Billion |
| 2022 | 12.02% | 6.34% | 0.65x | 2.91x | ₫48.85 Billion |
| 2023 | 12.45% | 6.79% | 0.69x | 2.65x | ₫64.71 Billion |
| 2024 | 8.53% | 4.56% | 0.70x | 2.67x | ₫-41.08 Billion |
| 2025 | 8.87% | 4.77% | 0.72x | 2.57x | ₫-33.19 Billion |
Industry Comparison
This section compares BaoMinh Insurance Corp's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $1,835,216,690,152
- Average return on equity (ROE) among peers: 13.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BaoMinh Insurance Corp (BMI) | ₫2.93 Trillion | 7.99% | 1.57x | $99.53 Million |
| Military Insurance Corp (MIG) | $1.89 Trillion | 8.43% | 3.52x | $45.70 Million |
| Petrolimex Insurance Corp (PGI) | $1.78 Trillion | 19.34% | 2.58x | $80.86 Million |