Dat Xanh Real Estate Service JSC
Dat Xanh Real Estate Services Joint Stock Company, together with its subsidiaries, provides real estate trading and brokerage services in Vietnam. It operates through Real Estate Brokerage Services; and Real Estate Investment and Development segments. The company is also involved in technology development, financial services, media and advertising, management and investment consulting, agricultur… Read more
Dat Xanh Real Estate Service JSC (DXS) - Net Assets
Latest net assets as of December 2025: ₫8.81 Trillion VND
Based on the latest financial reports, Dat Xanh Real Estate Service JSC (DXS) has net assets worth ₫8.81 Trillion VND as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫16.92 Trillion) and total liabilities (₫8.11 Trillion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫8.81 Trillion |
| % of Total Assets | 52.06% |
| Annual Growth Rate | 9.61% |
| 5-Year Change | 13.45% |
| 10-Year Change | N/A |
| Growth Volatility | 11.42 |
Dat Xanh Real Estate Service JSC - Net Assets Trend (2019–2025)
This chart illustrates how Dat Xanh Real Estate Service JSC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dat Xanh Real Estate Service JSC (2019–2025)
The table below shows the annual net assets of Dat Xanh Real Estate Service JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫8.81 Trillion | +5.90% |
| 2024-12-31 | ₫8.32 Trillion | +2.63% |
| 2023-12-31 | ₫8.10 Trillion | -2.20% |
| 2022-12-31 | ₫8.28 Trillion | +6.72% |
| 2021-12-31 | ₫7.76 Trillion | +32.95% |
| 2020-12-31 | ₫5.84 Trillion | +14.98% |
| 2019-12-31 | ₫5.08 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dat Xanh Real Estate Service 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 9.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫503.42 Billion | 7.95% |
| Other Components | ₫5.83 Trillion | 92.05% |
| Total Equity | ₫6.33 Trillion | 100.00% |
Dat Xanh Real Estate Service JSC Competitors by Market Cap
The table below lists competitors of Dat Xanh Real Estate Service JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sambu Construction Co. Ltd.
KQ:001470
|
$2.31K |
|
CAIRO MEZZ PLC EO-10
F:6H3
|
$2.31K |
|
296520
KO:296520
|
$2.31K |
|
Mughal Iron & Steel Industries Ltd
KAR:MUGHAL
|
$2.31K |
|
ROMREAL EUR
MU:3RR
|
$2.30K |
|
Vakomtek
WAR:VKT
|
$2.30K |
|
Symphony Environmental Technologies plc
LSE:SYM
|
$2.30K |
|
ML Capital Group Inc
PINK:MLCG
|
$2.30K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dat Xanh Real Estate Service JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,012,271,945,573 to 6,329,252,794,450, a change of 316,980,848,877 (5.3%).
- Net income of 336,462,534,583 contributed positively to equity growth.
- Dividend payments of 99,570,200,000 reduced retained earnings.
- New share issuances of 138,526,015,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫336.46 Billion | +5.32% |
| Dividends Paid | ₫99.57 Billion | -1.57% |
| Share Issuances | ₫138.53 Billion | +2.19% |
| Other Changes | ₫-58.44 Billion | -0.92% |
| Total Change | ₫- | 5.27% |
Book Value vs Market Value Analysis
This analysis compares Dat Xanh Real Estate Service 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: 0.58x
- 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 decreased from 1.05x to 0.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫6021.95 | ₫6300.00 | x |
| 2020-12-31 | ₫6997.17 | ₫6300.00 | x |
| 2022-12-31 | ₫10531.14 | ₫6300.00 | x |
| 2023-12-31 | ₫11537.65 | ₫6300.00 | x |
| 2024-12-31 | ₫10382.04 | ₫6300.00 | x |
| 2025-12-31 | ₫10929.41 | ₫6300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dat Xanh Real Estate Service 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): 5.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.54%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.67x
- Recent ROE (5.32%) is below the historical average (10.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 30.70% | 25.95% | 0.45x | 2.60x | ₫715.67 Billion |
| 2020 | 21.74% | 26.88% | 0.29x | 2.76x | ₫471.54 Billion |
| 2021 | 9.58% | 12.45% | 0.29x | 2.69x | ₫-23.70 Billion |
| 2022 | 5.70% | 8.41% | 0.25x | 2.75x | ₫-260.07 Billion |
| 2023 | -2.87% | -8.42% | 0.13x | 2.63x | ₫-754.74 Billion |
| 2024 | 2.34% | 5.77% | 0.16x | 2.51x | ₫-460.56 Billion |
| 2025 | 5.32% | 8.54% | 0.23x | 2.67x | ₫-296.46 Billion |
Industry Comparison
This section compares Dat Xanh Real Estate Service JSC's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $25,960,088,143,508
- Average return on equity (ROE) among peers: 10.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dat Xanh Real Estate Service JSC (DXS) | ₫8.81 Trillion | 30.70% | 0.92x | $2.30K |
| Development Investment Construction JSC (DIG) | $7.79 Trillion | 1.85% | 0.89x | $369.49 Million |
| Ba Ria Vung Tau House Development JSC (HDC) | $1.86 Trillion | 22.50% | 1.37x | $96.27 Million |
| Ha Do Group JSC (HDG) | $7.23 Trillion | 9.20% | 1.00x | $223.01 Million |
| Khang Dien House Trading and Investment JSC (KDH) | $15.52 Trillion | 4.61% | 0.71x | $991.00 Million |
| Khai Hoan Land Group JSC (KHG) | $5.22 Trillion | 1.05% | 0.26x | $52.03 Million |
| Kosy JSC (KOS) | $2.29 Trillion | 0.95% | 1.12x | $292.33 Million |
| Nam Long Investment Corp (NLG) | $6.72 Trillion | 12.42% | 1.03x | $424.66 Million |
| Phat Dat Real Estate Development Corp (PDR) | $4.37 Trillion | 20.01% | 2.20x | $372.71 Million |
| Vinhomes JSC (VHM) | $182.64 Trillion | 18.27% | 1.43x | $4.37 Billion |