Binh Minh Plastics JSC
Binh Minh Plastics Joint Stock Company manufactures and trades in plastic pipes and fittings for water supply and drainage, telecommunication, electricity, and industrial and civil construction industries primarily in Vietnam. Its products portfolio includes UPVC, HDPE, and PP-R pipes and fittings; HDPE double-wall corrugated pipes, fittings, and rubber seals; rubber seals and solvent cements for… Read more
Binh Minh Plastics JSC (BMP) - Net Assets
Latest net assets as of December 2025: ₫2.88 Trillion VND
Based on the latest financial reports, Binh Minh Plastics JSC (BMP) has net assets worth ₫2.88 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 (₫3.38 Trillion) and total liabilities (₫501.38 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 | ₫2.88 Trillion |
| % of Total Assets | 85.16% |
| Annual Growth Rate | 2.58% |
| 5-Year Change | 25.46% |
| 10-Year Change | N/A |
| Growth Volatility | 6.57 |
Binh Minh Plastics JSC - Net Assets Trend (2019–2025)
This chart illustrates how Binh Minh Plastics 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 Binh Minh Plastics JSC (2019–2025)
The table below shows the annual net assets of Binh Minh Plastics JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.88 Trillion | +6.51% |
| 2024-12-31 | ₫2.70 Trillion | +0.45% |
| 2023-12-31 | ₫2.69 Trillion | +2.61% |
| 2022-12-31 | ₫2.62 Trillion | +14.29% |
| 2021-12-31 | ₫2.29 Trillion | -7.20% |
| 2020-12-31 | ₫2.47 Trillion | +0.09% |
| 2019-12-31 | ₫2.47 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Binh Minh Plastics 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 decreased by 46.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫855.02 Billion | 29.71% |
| Other Components | ₫2.02 Trillion | 70.29% |
| Total Equity | ₫2.88 Trillion | 100.00% |
Binh Minh Plastics JSC Competitors by Market Cap
The table below lists competitors of Binh Minh Plastics JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Topfly New Materials
SHE:001373
|
$148.61 Million |
|
Shandong Swan Cotton
SHG:603029
|
$148.62 Million |
|
New Fortress Energy LLC
NASDAQ:NFE
|
$148.67 Million |
|
Zhejiang Guanghua Technology Co. Ltd. A
SHE:001333
|
$148.71 Million |
|
VinFast Auto Ltd. Ordinary Shares
NASDAQ:VFS
|
$148.59 Million |
|
Home Invest Belgium - Sifi
BR:HOMI
|
$148.59 Million |
|
Zaggle Prepaid Ocean Services Limited
NSE:ZAGGLE
|
$148.58 Million |
|
Pihlajalinna Oyj
PINK:PIHLF
|
$148.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Binh Minh Plastics JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,701,698,690,635 to 2,877,457,822,179, a change of 175,759,131,544 (6.5%).
- Net income of 1,228,735,173,562 contributed positively to equity growth.
- Dividend payments of 1,043,726,959,500 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫1.23 Trillion | +42.7% |
| Dividends Paid | ₫1.04 Trillion | -36.27% |
| Other Changes | ₫-9.25 Billion | -0.32% |
| Total Change | ₫- | 6.51% |
Book Value vs Market Value Analysis
This analysis compares Binh Minh Plastics 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: 3.99x
- 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 4.65x to 3.99x 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 | ₫30164.37 | ₫140300.00 | x |
| 2020-12-31 | ₫30191.75 | ₫140300.00 | x |
| 2021-12-31 | ₫28016.72 | ₫140300.00 | x |
| 2022-12-31 | ₫32021.60 | ₫140300.00 | x |
| 2023-12-31 | ₫32857.29 | ₫140300.00 | x |
| 2024-12-31 | ₫33003.51 | ₫140300.00 | x |
| 2025-12-31 | ₫35150.56 | ₫140300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Binh Minh Plastics 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): 42.70%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.30%
- • Asset Turnover: 1.63x
- • Equity Multiplier: 1.17x
- Recent ROE (42.70%) is above the historical average (27.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 17.12% | 9.75% | 1.52x | 1.15x | ₫175.84 Billion |
| 2020 | 21.14% | 11.15% | 1.55x | 1.22x | ₫275.43 Billion |
| 2021 | 9.35% | 4.71% | 1.60x | 1.24x | ₫-14.97 Billion |
| 2022 | 26.49% | 11.95% | 1.91x | 1.16x | ₫432.14 Billion |
| 2023 | 38.70% | 20.19% | 1.58x | 1.21x | ₫772.03 Billion |
| 2024 | 36.67% | 21.47% | 1.44x | 1.18x | ₫720.59 Billion |
| 2025 | 42.70% | 22.30% | 1.63x | 1.17x | ₫940.99 Billion |
Industry Comparison
This section compares Binh Minh Plastics JSC's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $9,085,429,076,168
- Average return on equity (ROE) among peers: 19.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Binh Minh Plastics JSC (BMP) | ₫2.88 Trillion | 17.12% | 0.17x | $148.59 Million |
| Viglacera Corp JSC (VGC) | $9.09 Trillion | 19.02% | 1.53x | $823.17 Million |