VietinBank Securities JSC Net Assets
VietinBank Securities JSC net assets. Based on the latest financial reports, VietinBank Securities JSC (CTS) has net assets worth ₫2.91 Trillion VND (≈ $110.44 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 (₫13.35 Trillion ≈ $507.38 Million USD) and total liabilities (₫10.45 Trillion ≈ $396.94 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. Also explore VietinBank Securities JSC (CTS) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫2.91 Trillion |
| % of Total Assets | 21.77% |
| Annual Growth Rate | 14.72% |
| 5-Year Change | 57.6% |
| 10-Year Change | N/A |
| Growth Volatility | 9.65 |
Net Assets of VietinBank Securities JSC (2020–2025)
Net assets of VietinBank Securities JSC from 2020 to 2025. This chart illustrates how VietinBank Securities JSC's net assets have evolved over time, based on quarterly financial data. See VietinBank Securities JSC net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for VietinBank Securities JSC (2020–2025)
The table below shows the annual net assets of VietinBank Securities JSC from 2020 to 2025. For live market cap and overall valuation, see market cap of VietinBank Securities JSC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.86 Trillion ≈ $108.49 Million |
+26.74% |
| 2024-12-31 | ₫2.25 Trillion ≈ $85.60 Million |
+10.55% |
| 2023-12-31 | ₫2.04 Trillion ≈ $77.43 Million |
+9.90% |
| 2022-12-31 | ₫1.85 Trillion ≈ $70.45 Million |
+2.35% |
| 2021-12-31 | ₫1.81 Trillion ≈ $68.84 Million |
+26.04% |
| 2020-12-31 | ₫1.44 Trillion ≈ $54.61 Million |
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Equity Component Analysis
This analysis shows how different components contribute to VietinBank Securities 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 91.2% over the analyzed period, potentially due to dividend distributions or operating losses.
VietinBank Securities JSC Net Assets Breakdown (December 2025)
VietinBank Securities JSC net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫32.44 Billion | 1.14% |
| Other Components | ₫2.82 Trillion | 98.86% |
| Total Equity | ₫2.86 Trillion | 100.00% |
VietinBank Securities JSC Competitors by Market Cap
The table below lists competitors of VietinBank Securities JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiyen Biotech Co Ltd
TW:1737
|
$188.72 Million |
|
Olimpo Real Estate SA
MC:YORE
|
$188.72 Million |
|
Studio City International Holdings Ltd
NYSE:MSC
|
$188.74 Million |
|
Greenpanel Industries Limited
NSE:GREENPANEL
|
$188.82 Million |
|
Cabio Biotech Wuhan Co Ltd
SHG:688089
|
$188.66 Million |
|
GoldQuest Mining Corp.
V:GQC
|
$188.63 Million |
|
Red Hill Minerals Ltd
AU:RHI
|
$188.60 Million |
|
Jikai Equipment Manufacturing Co Ltd
SHE:002691
|
$188.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VietinBank Securities JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,252,908,911,754 to 2,855,436,389,514, a change of 602,527,477,760 (26.7%).
- Net income of 577,371,584,960 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫577.37 Billion | +20.22% |
| Other Changes | ₫25.16 Billion | +0.88% |
| Total Change | ₫- | 26.74% |
Book Value vs Market Value Analysis
This analysis compares VietinBank Securities 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: 1.74x
- 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 2.42x to 1.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₫9666.62 | ₫23350.00 | x |
| 2021-12-31 | ₫12184.21 | ₫23350.00 | x |
| 2022-12-31 | ₫8720.35 | ₫23350.00 | x |
| 2023-12-31 | ₫13704.88 | ₫23350.00 | x |
| 2024-12-31 | ₫10592.17 | ₫23350.00 | x |
| 2025-12-31 | ₫13425.13 | ₫23350.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VietinBank Securities 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): 20.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 65.67%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 4.35x
- Recent ROE (20.22%) is above the historical average (12.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 8.92% | 42.86% | 0.07x | 2.97x | ₫-15.56 Billion |
| 2021 | 21.33% | 57.63% | 0.10x | 3.69x | ₫205.32 Billion |
| 2022 | 3.83% | 16.49% | 0.09x | 2.72x | ₫-114.36 Billion |
| 2023 | 9.20% | 27.70% | 0.08x | 4.15x | ₫-16.39 Billion |
| 2024 | 10.26% | 66.11% | 0.04x | 3.86x | ₫5.80 Billion |
| 2025 | 20.22% | 65.67% | 0.07x | 4.35x | ₫291.83 Billion |
Industry Comparison
This section compares VietinBank Securities JSC's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $6,530,561,563,685
- Average return on equity (ROE) among peers: 12.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VietinBank Securities JSC (CTS) | ₫2.91 Trillion | 8.92% | 3.59x | $188.69 Million |
| AgriBank Securities JSC (AGR) | $1.97 Trillion | 3.47% | 0.07x | $101.92 Million |
| BIDV Securities JSC (BSI) | $1.72 Trillion | 20.76% | 2.49x | $271.28 Million |
| FPT Securities JSC (FTS) | $3.35 Trillion | 9.50% | 0.58x | $258.03 Million |
| Ho Chi Minh City Securities Corp (HCM) | $7.33 Trillion | 15.66% | 2.33x | $966.30 Million |
| Tien Phong Securities Corp (ORS) | $2.31 Trillion | 5.88% | 1.91x | $338.99 Million |
| SSI Securities Corp (SSI) | $32.07 Trillion | 12.80% | 1.93x | $1.77 Billion |
| Thien Viet Securities JSC (TVS) | $2.33 Trillion | 12.03% | 2.16x | $105.55 Million |
| Viet Capital Securities JSC (VCI) | $6.54 Trillion | 22.91% | 1.54x | $880.78 Million |
| Viet Dragon Securities Corp (VDS) | $1.17 Trillion | 12.88% | 1.20x | $101.90 Million |
About VietinBank Securities JSC
VietinBank Securities Joint Stock Company operates as a securities company in Vietnam. The company provides securities brokerage, proprietary trading, securities investment advisory services, financial consulting, underwriting securities, securities depository, and other services. It serves institutional, corporate, and individual customers. The company was formerly known as Vietnam Bank for Indu… Read more