BaoViet Holdings (BVH) - Net Assets
Based on the latest financial reports, BaoViet Holdings (BVH) has net assets worth ₫26.30 Trillion VND (≈ $999.09 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫307.49 Trillion ≈ $11.68 Billion USD) and total liabilities (₫281.19 Trillion ≈ $10.68 Billion USD). 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. Check tangible equity quality of BaoViet Holdings to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫26.30 Trillion |
| % of Total Assets | 8.55% |
| Annual Growth Rate | 4.29% |
| 5-Year Change | 16.27% |
| 10-Year Change | N/A |
| Growth Volatility | 3.77 |
BaoViet Holdings - Net Assets Trend (2019–2025)
This chart illustrates how BaoViet Holdings's net assets have evolved over time, based on quarterly financial data. See BVH defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for BaoViet Holdings (2019–2025)
The table below shows the annual net assets of BaoViet Holdings from 2019 to 2025. For live valuation and market cap data, see BaoViet Holdings stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫25.61 Trillion ≈ $973.03 Million |
+8.95% |
| 2024-12-31 | ₫23.51 Trillion ≈ $893.11 Million |
+5.60% |
| 2023-12-31 | ₫22.26 Trillion ≈ $845.71 Million |
+4.65% |
| 2022-12-31 | ₫21.27 Trillion ≈ $808.17 Million |
-3.43% |
| 2021-12-31 | ₫22.03 Trillion ≈ $836.88 Million |
+5.79% |
| 2020-12-31 | ₫20.82 Trillion ≈ $791.10 Million |
+4.62% |
| 2019-12-31 | ₫19.90 Trillion ≈ $756.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BaoViet Holdings'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 16.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫5.05 Trillion | 20.53% |
| Other Components | ₫19.53 Trillion | 79.47% |
| Total Equity | ₫24.58 Trillion | 100.00% |
BaoViet Holdings Competitors by Market Cap
The table below lists competitors of BaoViet Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Emami Limited
NSE:EMAMILTD
|
$1.89 Billion |
|
Galapagos NV ADR
NASDAQ:GLPG
|
$1.89 Billion |
|
China Automotive Engineering Research Institute Co Ltd
SHG:601965
|
$1.89 Billion |
|
Homeco Daily Needs REIT
AU:HDN
|
$1.89 Billion |
|
Hanall Biopharma
KO:009420
|
$1.89 Billion |
|
The Baldwin Insurance Group, Inc.
NASDAQ:BWIN
|
$1.89 Billion |
|
Anhui Andeli Department Store Co Ltd
SHG:603031
|
$1.89 Billion |
|
Per Aarsleff Holding A/S
CO:PAAL-B
|
$1.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BaoViet Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 22,544,958,606,186 to 24,580,867,193,037, a change of 2,035,908,586,851 (9.0%).
- Net income of 2,836,613,711,079 contributed positively to equity growth.
- Dividend payments of 805,206,061,263 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫2.84 Trillion | +11.54% |
| Dividends Paid | ₫805.21 Billion | -3.28% |
| Other Changes | ₫4.50 Billion | +0.02% |
| Total Change | ₫- | 9.03% |
Book Value vs Market Value Analysis
This analysis compares BaoViet Holdings'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: 2.02x
- 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 2.59x to 2.02x 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 | ₫25820.89 | ₫67000.00 | x |
| 2020-12-31 | ₫27032.57 | ₫67000.00 | x |
| 2021-12-31 | ₫28546.27 | ₫67000.00 | x |
| 2022-12-31 | ₫27468.40 | ₫67000.00 | x |
| 2023-12-31 | ₫28748.84 | ₫67000.00 | x |
| 2024-12-31 | ₫30370.83 | ₫67000.00 | x |
| 2025-12-31 | ₫33113.45 | ₫67000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BaoViet Holdings 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): 11.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.82%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 11.88x
- Recent ROE (11.54%) is above the historical average (8.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 6.20% | 2.67% | 0.35x | 6.69x | ₫-728.28 Billion |
| 2020 | 7.96% | 3.25% | 0.34x | 7.30x | ₫-409.10 Billion |
| 2021 | 8.95% | 3.75% | 0.30x | 8.00x | ₫-222.36 Billion |
| 2022 | 7.61% | 2.88% | 0.27x | 9.89x | ₫-488.05 Billion |
| 2023 | 8.46% | 3.15% | 0.26x | 10.36x | ₫-328.77 Billion |
| 2024 | 9.36% | 3.77% | 0.22x | 11.14x | ₫-144.00 Billion |
| 2025 | 11.54% | 4.82% | 0.20x | 11.88x | ₫378.53 Billion |
Industry Comparison
This section compares BaoViet Holdings's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $2,598,369,274,117
- Average return on equity (ROE) among peers: 11.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BaoViet Holdings (BVH) | ₫26.30 Trillion | 6.20% | 10.69x | $1.89 Billion |
| BIDV Insurance Corp (BIC) | $2.60 Trillion | 11.99% | 1.56x | $188.10 Million |
About BaoViet Holdings
Bao Viet Holdings, through its subsidiaries, engages in insurance, financial, and real estate activities in Vietnam. The company offers various whole life; endowment; term life; endowment; bancassurance; annuity; universal life; healthcare and personal accident riders; other types of life insurance; property and damages; cargo insurance; hull and P&l insurance; general indemnity insurance; aviati… Read more