VietinBank Securities JSC (CTS) - Net Assets
Based on the latest financial reports, VietinBank Securities JSC (CTS) has net assets worth ₫2.86 Trillion VND (≈ $108.49 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫12.41 Trillion ≈ $471.53 Million USD) and total liabilities (₫9.56 Trillion ≈ $363.04 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 VietinBank Securities JSC asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫2.86 Trillion |
| % of Total Assets | 23.01% |
| Annual Growth Rate | 14.72% |
| 5-Year Change | 57.6% |
| 10-Year Change | N/A |
| Growth Volatility | 9.65 |
VietinBank Securities JSC - Net Assets Trend (2020–2025)
This chart illustrates how VietinBank Securities JSC's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of VietinBank Securities JSC for the complete picture of this company's asset base.
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 valuation and market cap data, see CTS market cap overview.
| 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.
Current Equity Component Breakdown (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 |
|---|---|
|
Shanghai Jinqiao Export Processing Zone Development Co Ltd B
SHG:900911
|
$210.94 Million |
|
Selan Exploration Technology Limited
NSE:SELAN
|
$210.95 Million |
|
Chicago Atlantic BDC, Inc.
NASDAQ:LIEN
|
$211.09 Million |
|
Black Rock Coffee Bar, Inc. Class A Common Stock
NASDAQ:BRCB
|
$211.14 Million |
|
Digital Aria Co Ltd
KQ:115450
|
$210.89 Million |
|
SHANGH.DAZ.PUBL.UTIL.YC 1
F:6WL
|
$210.87 Million |
|
Heron Therapeuti
NASDAQ:HRTX
|
$210.87 Million |
|
Sierra Madre Gold and Silver Ltd
V:SM
|
$210.82 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: 1.94x
- 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 2.70x to 1.94x 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 | ₫26100.00 | x |
| 2021-12-31 | ₫12184.21 | ₫26100.00 | x |
| 2022-12-31 | ₫8720.35 | ₫26100.00 | x |
| 2023-12-31 | ₫13704.88 | ₫26100.00 | x |
| 2024-12-31 | ₫10592.17 | ₫26100.00 | x |
| 2025-12-31 | ₫13425.13 | ₫26100.00 | 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: 54.38%
- • Asset Turnover: 0.09x
- • 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% | 16.45% | 0.09x | 2.72x | ₫-114.36 Billion |
| 2023 | 9.20% | 27.65% | 0.08x | 4.15x | ₫-16.39 Billion |
| 2024 | 10.26% | 48.86% | 0.05x | 3.86x | ₫5.80 Billion |
| 2025 | 20.22% | 54.38% | 0.09x | 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: $7,713,006,006,078
- Average return on equity (ROE) among peers: 10.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VietinBank Securities JSC (CTS) | ₫2.86 Trillion | 8.92% | 3.35x | $210.92 Million |
| AgriBank Securities JSC (AGR) | $1.97 Trillion | 3.47% | 0.07x | $125.78 Million |
| BIDV Securities JSC (BSI) | $4.68 Trillion | 8.72% | 0.78x | $326.75 Million |
| FPT Securities JSC (FTS) | $4.42 Trillion | 8.98% | 2.15x | $342.94 Million |
| Ho Chi Minh City Securities Corp (HCM) | $7.33 Trillion | 15.66% | 2.33x | $1.10 Billion |
| Tien Phong Securities Corp (ORS) | $2.17 Trillion | 9.70% | 1.19x | $311.73 Million |
| SSI Securities Corp (SSI) | $32.07 Trillion | 12.80% | 1.93x | $2.39 Billion |
| Thien Viet Securities JSC (TVS) | $1.75 Trillion | 29.46% | 3.10x | $116.83 Million |
| Viet Capital Securities JSC (VCI) | $12.94 Trillion | 7.04% | 1.05x | $1.14 Billion |
| Viet Dragon Securities Corp (VDS) | $2.08 Trillion | -5.21% | 1.04x | $149.33 Million |
About VietinBank Securities JSC
VietinBank Securities Joint Stock Company operates as a securities company in Vietnam. The company provides securities brokerage, financial consulting, securities investment consulting, securities trading, securities underwriting, and securities depository. It serves institutional, corporate, and individual customers. The company was formerly known as Vietnam Bank for Industry and Trade Securitie… Read more