Southern Rubber Industry JSC
The Southern Rubber Industry Joint Stock Company engages in the manufacture and trading of industrial and commercial rubber products in South East Asia and internationally. The company offers bicycle, motorcycle, truck, e-vehicle, and specific tires and tubes; passenger car radial tires; and ADVENZA PCR tires, as well as retread tires, gloves, and technical tires. It is also involved in the tradi… Read more
Southern Rubber Industry JSC (CSM) - Net Assets
Latest net assets as of December 2025: ₫1.37 Trillion VND
Based on the latest financial reports, Southern Rubber Industry JSC (CSM) has net assets worth ₫1.37 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 (₫3.82 Trillion) and total liabilities (₫2.45 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 | ₫1.37 Trillion |
| % of Total Assets | 35.82% |
| Annual Growth Rate | 1.66% |
| 5-Year Change | 8.96% |
| 10-Year Change | N/A |
| Growth Volatility | 1.72 |
Southern Rubber Industry JSC - Net Assets Trend (2019–2025)
This chart illustrates how Southern Rubber Industry 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 Southern Rubber Industry JSC (2019–2025)
The table below shows the annual net assets of Southern Rubber Industry JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.37 Trillion | +0.41% |
| 2024-12-31 | ₫1.36 Trillion | +3.04% |
| 2023-12-31 | ₫1.32 Trillion | +1.75% |
| 2022-12-31 | ₫1.30 Trillion | +3.51% |
| 2021-12-31 | ₫1.26 Trillion | -1.42% |
| 2020-12-31 | ₫1.28 Trillion | +2.78% |
| 2019-12-31 | ₫1.24 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Southern Rubber Industry 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 51.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫100.15 Billion | 7.31% |
| Other Components | ₫1.27 Trillion | 92.69% |
| Total Equity | ₫1.37 Trillion | 100.00% |
Southern Rubber Industry JSC Competitors by Market Cap
The table below lists competitors of Southern Rubber Industry JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Coxon Precise Industrial Co Ltd
TW:3607
|
$45.04 Million |
|
Barem Ambalaj Sanayi ve Ticaret a.s.
IS:BARMA
|
$45.05 Million |
|
Right Way Industrial Co Ltd
TW:1506
|
$45.05 Million |
|
Aquafil S.p.A
OTCQX:ECNLF
|
$45.06 Million |
|
SunWay Biotech Co., LTD.
TWO:1271
|
$45.04 Million |
|
Accuray Incorporated
NASDAQ:ARAY
|
$45.01 Million |
|
SYN-Tech Chem & Pharm Co Ltd
TWO:1777
|
$45.00 Million |
|
DURECT CORP. DL-001
F:DC8A
|
$44.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Southern Rubber Industry JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,364,429,550,494 to 1,369,997,581,239, a change of 5,568,030,745 (0.4%).
- Net income of 48,383,526,224 contributed positively to equity growth.
- Dividend payments of 31,087,578,600 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫48.38 Billion | +3.53% |
| Dividends Paid | ₫31.09 Billion | -2.27% |
| Other Changes | ₫-11.73 Billion | -0.86% |
| Total Change | ₫- | 0.41% |
Book Value vs Market Value Analysis
This analysis compares Southern Rubber Industry 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: 0.91x
- 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 | ₫11975.31 | ₫12000.00 | x |
| 2020-12-31 | ₫12308.26 | ₫12000.00 | x |
| 2021-12-31 | ₫12133.16 | ₫12000.00 | x |
| 2022-12-31 | ₫12559.04 | ₫12000.00 | x |
| 2023-12-31 | ₫12778.74 | ₫12000.00 | x |
| 2024-12-31 | ₫13166.96 | ₫12000.00 | x |
| 2025-12-31 | ₫13220.69 | ₫12000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southern Rubber Industry 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): 3.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.18%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 2.79x
- Recent ROE (3.53%) is below the historical average (4.88%), 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 | 4.23% | 1.23% | 1.12x | 3.08x | ₫-71.64 Billion |
| 2020 | 7.11% | 1.93% | 1.23x | 2.99x | ₫-36.88 Billion |
| 2021 | 3.34% | 0.87% | 1.17x | 3.30x | ₫-83.71 Billion |
| 2022 | 6.08% | 1.49% | 1.27x | 3.23x | ₫-50.96 Billion |
| 2023 | 4.56% | 1.15% | 1.35x | 2.93x | ₫-72.05 Billion |
| 2024 | 5.28% | 1.53% | 1.23x | 2.80x | ₫-64.37 Billion |
| 2025 | 3.53% | 1.18% | 1.07x | 2.79x | ₫-88.62 Billion |
Industry Comparison
This section compares Southern Rubber Industry JSC's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $18,787,888,712,125
- Average return on equity (ROE) among peers: 7.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southern Rubber Industry JSC (CSM) | ₫1.37 Trillion | 4.23% | 1.79x | $45.04 Million |
| Dong Phu Rubber JSC (DPR) | $2.99 Trillion | 8.29% | 0.39x | $135.84 Million |
| Danang Rubber JSC (DRC) | $1.94 Trillion | 6.24% | 1.15x | $85.87 Million |
| Vietnam Rubber Group Ltd (GVR) | $51.43 Trillion | 7.33% | 0.56x | $3.49 Billion |