Viettel Construction JSC (CTR) - Net Assets
Based on the latest financial reports, Viettel Construction JSC (CTR) has net assets worth ₫2.21 Trillion VND (≈ $84.13 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 (₫8.71 Trillion ≈ $330.78 Million USD) and total liabilities (₫6.49 Trillion ≈ $246.65 Million 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 Viettel Construction JSC to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫2.21 Trillion |
| % of Total Assets | 25.43% |
| Annual Growth Rate | 15.58% |
| 5-Year Change | 57.59% |
| 10-Year Change | N/A |
| Growth Volatility | 11.17 |
Viettel Construction JSC - Net Assets Trend (2019–2025)
This chart illustrates how Viettel Construction JSC's net assets have evolved over time, based on quarterly financial data. See Viettel Construction JSC (CTR) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Viettel Construction JSC (2019–2025)
The table below shows the annual net assets of Viettel Construction JSC from 2019 to 2025. For live valuation and market cap data, see Viettel Construction JSC market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.07 Trillion ≈ $78.54 Million |
+10.84% |
| 2024-12-31 | ₫1.87 Trillion ≈ $70.86 Million |
-6.59% |
| 2023-12-31 | ₫2.00 Trillion ≈ $75.86 Million |
+21.97% |
| 2022-12-31 | ₫1.64 Trillion ≈ $62.20 Million |
+24.81% |
| 2021-12-31 | ₫1.31 Trillion ≈ $49.84 Million |
+23.65% |
| 2020-12-31 | ₫1.06 Trillion ≈ $40.31 Million |
+22.35% |
| 2019-12-31 | ₫867.06 Billion ≈ $32.94 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Viettel 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 grown by 199.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫654.33 Billion | 31.65% |
| Other Components | ₫1.41 Trillion | 68.35% |
| Total Equity | ₫2.07 Trillion | 100.00% |
Viettel Construction JSC Competitors by Market Cap
The table below lists competitors of Viettel Construction JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HannsTouch Solution Inc
TW:3049
|
$365.12 Million |
|
Radium Life Tech Co Ltd
TW:2547
|
$365.24 Million |
|
Aurelia Metals Ltd
AU:AMI
|
$365.27 Million |
|
Proact IT Group AB
ST:PACT
|
$365.29 Million |
|
Enseval Putra Megatrading Tbk
JK:EPMT
|
$365.05 Million |
|
ADF Foods Limited
NSE:ADFFOODS
|
$364.58 Million |
|
TFE Co. Ltd.
KQ:425420
|
$364.55 Million |
|
Wisesoft Co Ltd
SHE:002253
|
$364.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Viettel Construction JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,865,063,262,319 to 2,067,176,259,430, a change of 202,112,997,111 (10.8%).
- Net income of 599,717,125,636 contributed positively to equity growth.
- Dividend payments of 243,707,027,653 reduced retained earnings.
- Other factors decreased equity by 153,897,100,872.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫599.72 Billion | +29.01% |
| Dividends Paid | ₫243.71 Billion | -11.79% |
| Other Changes | ₫-153.90 Billion | -7.44% |
| Total Change | ₫- | 10.84% |
Book Value vs Market Value Analysis
This analysis compares Viettel 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: 4.65x
- 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 5.87x to 4.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₫14311.56 | ₫84000.00 | x |
| 2023-12-31 | ₫17455.78 | ₫84000.00 | x |
| 2024-12-31 | ₫16305.01 | ₫84000.00 | x |
| 2025-12-31 | ₫18071.95 | ₫84000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Viettel 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): 29.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.30%
- • Asset Turnover: 1.70x
- • Equity Multiplier: 3.96x
- Recent ROE (29.01%) is above the historical average (26.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 21.79% | 3.70% | 2.09x | 2.82x | ₫102.25 Billion |
| 2020 | 25.84% | 4.31% | 1.64x | 3.66x | ₫168.08 Billion |
| 2021 | 28.61% | 5.04% | 1.88x | 3.02x | ₫244.08 Billion |
| 2022 | 27.80% | 4.81% | 1.56x | 3.70x | ₫291.45 Billion |
| 2023 | 26.27% | 4.61% | 1.63x | 3.50x | ₫324.93 Billion |
| 2024 | 28.86% | 4.27% | 1.77x | 3.81x | ₫351.71 Billion |
| 2025 | 29.01% | 4.30% | 1.70x | 3.96x | ₫393.00 Billion |
Industry Comparison
This section compares Viettel Construction JSC's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,361,944,382,347
- Average return on equity (ROE) among peers: 10.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Viettel Construction JSC (CTR) | ₫2.21 Trillion | 21.79% | 2.93x | $365.06 Million |
| Ho Chi Minh City Infrastructure Investment JSC (CII) | $9.16 Trillion | 2.84% | 3.01x | $451.90 Million |
| Cotec Construction JSC (CTD) | $8.40 Trillion | 3.98% | 0.69x | $293.36 Million |
| Dat Phuong JSC (DPG) | $1.78 Trillion | 19.19% | 2.34x | $178.42 Million |
| Fecon Foundation Engineering and Underground Construction JSC (FCN) | $2.50 Trillion | 4.74% | 1.71x | $72.38 Million |
| Becamex Infrastructure Development JSC (IJC) | $3.82 Trillion | 10.33% | 0.67x | $228.68 Million |
| CII Bridges and Roads Investment JSC (LGC) | $4.44 Trillion | 7.51% | 1.68x | $522.27 Million |
| Tu Liem Urban Development JSC (NTL) | $1.16 Trillion | 25.37% | 0.55x | $71.37 Million |
| PC1 Group JSC (PC1) | $4.77 Trillion | 10.75% | 1.25x | $332.06 Million |
| Refrigeration Electrical Engineering Corp (REE) | $12.21 Trillion | 13.33% | 0.68x | $1.19 Billion |
About Viettel Construction JSC
Viettel Construction Joint Stock Corporation, together with its subsidiaries, engages in the construction business in Vietnam and internationally. It operates through five segments: Construction Activities; Information Exploitation and Response Operations; Commercial Operations and Integrated Solutions; Infrastructure Leasing Business Activities; and Technical Service Activities. The company cons… Read more