Cotec Construction JSC (CTD) - Net Assets
Based on the latest financial reports, Cotec Construction JSC (CTD) has net assets worth ₫9.65 Trillion VND (≈ $366.71 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫38.75 Trillion ≈ $1.47 Billion USD) and total liabilities (₫29.10 Trillion ≈ $1.11 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 Cotec Construction JSC strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫9.65 Trillion |
| % of Total Assets | 24.91% |
| Annual Growth Rate | 2.2% |
| 5-Year Change | 17.03% |
| 10-Year Change | N/A |
| Growth Volatility | 3.47 |
Cotec Construction JSC - Net Assets Trend (2019–2025)
This chart illustrates how Cotec Construction JSC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see CTD market cap.
Annual Net Assets for Cotec Construction JSC (2019–2025)
The table below shows the annual net assets of Cotec Construction JSC from 2019 to 2025. Also explore CTD net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫9.65 Trillion ≈ $366.71 Million |
+7.69% |
| 2024-12-31 | ₫8.96 Trillion ≈ $340.53 Million |
+4.32% |
| 2023-12-31 | ₫8.59 Trillion ≈ $326.42 Million |
+4.59% |
| 2022-12-31 | ₫8.21 Trillion ≈ $312.08 Million |
-0.41% |
| 2021-12-31 | ₫8.25 Trillion ≈ $313.36 Million |
-1.80% |
| 2020-12-31 | ₫8.40 Trillion ≈ $319.10 Million |
-0.84% |
| 2019-12-31 | ₫8.47 Trillion ≈ $321.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cotec Construction 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 65.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫1.74 Trillion | 18.03% |
| Other Components | ₫7.91 Trillion | 81.97% |
| Total Equity | ₫9.65 Trillion | 100.00% |
Cotec Construction JSC Competitors by Market Cap
The table below lists competitors of Cotec Construction JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cathay Consolidated Inc
TW:1342
|
$248.56 Million |
|
Perma-Pipe International Holdings Inc
NASDAQ:PPIH
|
$248.56 Million |
|
Apeejay Surrendra Park Hotels Limited
NSE:PARKHOTELS
|
$248.64 Million |
|
Wuhan Golden Laser Co Ltd
SHE:300220
|
$248.69 Million |
|
Hyundai Hcn
KO:126560
|
$248.54 Million |
|
Wiz Soluções e Corretagem de Seguros S.A
SA:WIZC3
|
$248.50 Million |
|
Sirca Paints India Limited
NSE:SIRCA
|
$248.50 Million |
|
The Korea Fund Inc
F:KOF1
|
$248.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cotec Construction JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,962,257,578,226 to 9,651,289,397,452, a change of 689,031,819,226 (7.7%).
- Net income of 787,855,481,043 contributed positively to equity growth.
- Dividend payments of 101,358,479,950 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫787.86 Billion | +8.16% |
| Dividends Paid | ₫101.36 Billion | -1.05% |
| Other Changes | ₫2.53 Billion | +0.03% |
| Total Change | ₫- | 7.69% |
Book Value vs Market Value Analysis
This analysis compares Cotec Construction 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: 0.65x
- 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.
- The price-to-book ratio has increased from 0.53x to 0.65x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫110305.17 | ₫58500.00 | x |
| 2020-12-31 | ₫110767.95 | ₫58500.00 | x |
| 2021-12-31 | ₫110922.98 | ₫58500.00 | x |
| 2022-12-31 | ₫111203.40 | ₫58500.00 | x |
| 2023-12-31 | ₫77975.06 | ₫58500.00 | x |
| 2024-12-31 | ₫89685.34 | ₫58500.00 | x |
| 2025-12-31 | ₫90621.15 | ₫58500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cotec Construction 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): 8.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.29%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 4.02x
- Recent ROE (8.16%) is above the historical average (4.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 8.45% | 3.00% | 1.47x | 1.92x | ₫-130.66 Billion |
| 2020 | 4.01% | 2.30% | 1.03x | 1.70x | ₫-500.07 Billion |
| 2021 | 0.29% | 0.26% | 0.65x | 1.70x | ₫-795.26 Billion |
| 2022 | 0.25% | 0.14% | 0.77x | 2.31x | ₫-800.63 Billion |
| 2023 | 3.60% | 1.47% | 0.92x | 2.66x | ₫-549.50 Billion |
| 2024 | 5.06% | 1.83% | 0.84x | 3.30x | ₫-442.39 Billion |
| 2025 | 8.16% | 2.29% | 0.89x | 4.02x | ₫-177.27 Billion |
Industry Comparison
This section compares Cotec Construction JSC's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $6,017,733,917,979
- Average return on equity (ROE) among peers: 11.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cotec Construction JSC (CTD) | ₫9.65 Trillion | 8.45% | 3.01x | $248.54 Million |
| Ho Chi Minh City Infrastructure Investment JSC (CII) | $11.97 Trillion | 1.04% | 2.14x | $329.35 Million |
| Viettel Construction JSC (CTR) | $1.31 Trillion | 28.61% | 2.02x | $312.04 Million |
| Dat Phuong JSC (DPG) | $2.61 Trillion | 8.57% | 1.46x | $122.55 Million |
| Fecon Foundation Engineering and Underground Construction JSC (FCN) | $3.37 Trillion | 0.28% | 1.88x | $65.80 Million |
| Becamex Infrastructure Development JSC (IJC) | $3.34 Trillion | 18.57% | 1.04x | $163.61 Million |
| CII Bridges and Roads Investment JSC (LGC) | $4.84 Trillion | 6.01% | 1.63x | $522.27 Million |
| Tu Liem Urban Development JSC (NTL) | $1.23 Trillion | 19.36% | 0.53x | $59.32 Million |
| PC1 Group JSC (PC1) | $6.28 Trillion | 11.07% | 1.98x | $325.81 Million |
| Refrigeration Electrical Engineering Corp (REE) | $19.20 Trillion | 14.02% | 0.77x | $1.11 Billion |
About Cotec Construction JSC
Coteccons Construction Joint Stock Company operates as a construction company. It engages in the construction of various homes, railway and road works, public works, and other civil engineering works; and demolition activities. The company is also involved in the preparation of sites; installation of electricity systems, water supply and drainage systems, heating systems, and air conditioners; an… Read more