Dat Phuong JSC (DPG) - Net Assets
Based on the latest financial reports, Dat Phuong JSC (DPG) has net assets worth ₫2.92 Trillion VND (≈ $111.11 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 (₫8.13 Trillion ≈ $308.81 Million USD) and total liabilities (₫5.20 Trillion ≈ $197.70 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 DPG total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫2.92 Trillion |
| % of Total Assets | 35.98% |
| Annual Growth Rate | 15.77% |
| 5-Year Change | 64.13% |
| 10-Year Change | N/A |
| Growth Volatility | 7.83 |
Dat Phuong JSC - Net Assets Trend (2020–2025)
This chart illustrates how Dat Phuong JSC's net assets have evolved over time, based on quarterly financial data. Check DPG tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Dat Phuong JSC (2020–2025)
The table below shows the annual net assets of Dat Phuong JSC from 2020 to 2025. For live valuation and market cap data, see Dat Phuong JSC market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.92 Trillion ≈ $111.11 Million |
+11.94% |
| 2024-12-31 | ₫2.61 Trillion ≈ $99.26 Million |
+11.18% |
| 2023-12-31 | ₫2.35 Trillion ≈ $89.28 Million |
+6.48% |
| 2022-12-31 | ₫2.21 Trillion ≈ $83.85 Million |
+23.85% |
| 2021-12-31 | ₫1.78 Trillion ≈ $67.70 Million |
+26.70% |
| 2020-12-31 | ₫1.41 Trillion ≈ $53.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dat Phuong 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 133.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫1.15 Trillion | 51.82% |
| Other Components | ₫1.07 Trillion | 48.18% |
| Total Equity | ₫2.23 Trillion | 100.00% |
Dat Phuong JSC Competitors by Market Cap
The table below lists competitors of Dat Phuong JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Globe Union Industrial Corp
TW:9934
|
$137.91 Million |
|
Optical Cable Corporation
NASDAQ:OCC
|
$137.95 Million |
|
Hammond Manufacturing Company Limited
TO:HMM-A
|
$137.96 Million |
|
Baozun Inc
NASDAQ:BZUN
|
$138.03 Million |
|
PRECIA SA EO -50
F:P1E0
|
$137.86 Million |
|
Mammoth Energy Services Inc
NASDAQ:TUSK
|
$137.82 Million |
|
RF Acquisition Corp III Ordinary Shares
NASDAQ:RFAM
|
$137.80 Million |
|
Ceres Global Ag Corp
TO:CRP
|
$137.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dat Phuong JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,966,284,821,398 to 2,226,539,246,952, a change of 260,254,425,554 (13.2%).
- Net income of 327,129,191,404 contributed positively to equity growth.
- Dividend payments of 121,141,576,500 reduced retained earnings.
- New share issuances of 37,800,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫327.13 Billion | +14.69% |
| Dividends Paid | ₫121.14 Billion | -5.44% |
| Share Issuances | ₫37.80 Billion | +1.7% |
| Other Changes | ₫16.47 Billion | +0.74% |
| Total Change | ₫- | 13.24% |
Book Value vs Market Value Analysis
This analysis compares Dat Phuong 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: 1.39x
- 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 1.86x to 1.39x 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 | ₫16491.69 | ₫30600.00 | x |
| 2022-12-31 | ₫16597.17 | ₫30600.00 | x |
| 2023-12-31 | ₫17957.33 | ₫30600.00 | x |
| 2024-12-31 | ₫19506.93 | ₫30600.00 | x |
| 2025-12-31 | ₫22088.90 | ₫30600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dat Phuong 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): 14.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.30%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 3.65x
- Recent ROE (14.69%) is below the historical average (17.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 19.42% | 9.21% | 0.44x | 4.80x | ₫94.58 Billion |
| 2021 | 25.19% | 13.43% | 0.43x | 4.38x | ₫206.21 Billion |
| 2022 | 22.91% | 11.55% | 0.54x | 3.67x | ₫215.96 Billion |
| 2023 | 11.22% | 5.89% | 0.52x | 3.70x | ₫22.03 Billion |
| 2024 | 11.39% | 6.26% | 0.56x | 3.26x | ₫27.24 Billion |
| 2025 | 14.69% | 7.30% | 0.55x | 3.65x | ₫104.48 Billion |
Industry Comparison
This section compares Dat Phuong JSC's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $7,232,405,894,858
- Average return on equity (ROE) among peers: 10.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dat Phuong JSC (DPG) | ₫2.92 Trillion | 19.42% | 1.78x | $137.87 Million |
| Ho Chi Minh City Infrastructure Investment JSC (CII) | $7.79 Trillion | 3.26% | 2.80x | $361.27 Million |
| Cotec Construction JSC (CTD) | $8.40 Trillion | 3.98% | 0.69x | $255.73 Million |
| Viettel Construction JSC (CTR) | $1.06 Trillion | 25.84% | 2.66x | $325.95 Million |
| Fecon Foundation Engineering and Underground Construction JSC (FCN) | $3.48 Trillion | 1.14% | 1.18x | $65.50 Million |
| Becamex Infrastructure Development JSC (IJC) | $8.01 Trillion | 6.46% | 0.28x | $175.81 Million |
| CII Bridges and Roads Investment JSC (LGC) | $4.44 Trillion | 7.51% | 1.68x | $522.27 Million |
| Tu Liem Urban Development JSC (NTL) | $1.76 Trillion | 35.27% | 0.24x | $63.49 Million |
| PC1 Group JSC (PC1) | $7.70 Trillion | 6.07% | 1.72x | $328.15 Million |
| Refrigeration Electrical Engineering Corp (REE) | $22.45 Trillion | 8.88% | 0.62x | $1.12 Billion |
About Dat Phuong JSC
Dat Phuong Group Joint Stock Company engages in the real estate construction and development business in Vietnam. The company is also involved in the construction of bridges, highways, seawalls; irrigation works, traffic; transportation and civil infrastructure construction; and other projects. In addition, it trades in real estate; leases construction machinery and equipment; and invests in the … Read more