Fecon Foundation Engineering and Underground Construction JSC
FECON Corporation operates as an infrastructure construction and development company in Vietnam. The company engages in the construction of industrial and urban infrastructure, bridges, roads, railways, airports, waterworks, and climate-resilient hydraulic infrastructure; pile supply and piling works, bored pile and d-wall construction, soil improvement, and basement and sub-structures constructi… Read more
Fecon Foundation Engineering and Underground Construction JSC (FCN) - Net Assets
Latest net assets as of December 2025: ₫3.30 Trillion VND
Based on the latest financial reports, Fecon Foundation Engineering and Underground Construction JSC (FCN) has net assets worth ₫3.30 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 (₫10.19 Trillion) and total liabilities (₫6.88 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 | ₫3.30 Trillion |
| % of Total Assets | 32.44% |
| Annual Growth Rate | 5.13% |
| 5-Year Change | 12.83% |
| 10-Year Change | N/A |
| Growth Volatility | 9.01 |
Fecon Foundation Engineering and Underground Construction JSC - Net Assets Trend (2019–2025)
This chart illustrates how Fecon Foundation Engineering and Underground Construction 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 Fecon Foundation Engineering and Underground Construction JSC (2019–2025)
The table below shows the annual net assets of Fecon Foundation Engineering and Underground Construction JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫3.30 Trillion | -1.88% |
| 2024-12-31 | ₫3.37 Trillion | +0.19% |
| 2023-12-31 | ₫3.36 Trillion | -3.49% |
| 2022-12-31 | ₫3.48 Trillion | +18.92% |
| 2021-12-31 | ₫2.93 Trillion | +17.03% |
| 2020-12-31 | ₫2.50 Trillion | +2.23% |
| 2019-12-31 | ₫2.45 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fecon Foundation Engineering and Underground 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 decreased by 86.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫79.71 Billion | 3.15% |
| Other Components | ₫2.45 Trillion | 96.85% |
| Total Equity | ₫2.53 Trillion | 100.00% |
Fecon Foundation Engineering and Underground Construction JSC Competitors by Market Cap
The table below lists competitors of Fecon Foundation Engineering and Underground Construction JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sitowise Group Oyj
HE:SITOWS
|
$74.38 Million |
|
Star Holdings
NASDAQ:STHO
|
$74.38 Million |
|
EVe Mobility Acquisition Corp
NYSE MKT:EVE
|
$74.38 Million |
|
Veranda Learning Solutions Limited
NSE:VERANDA
|
$74.39 Million |
|
Dongkuk Steel Mill Co Ltd
KO:001230
|
$74.34 Million |
|
Kangstem Biotech Co. Ltd
KQ:217730
|
$74.34 Million |
|
Fursys
KO:016800
|
$74.32 Million |
|
Empresas Tricot S.A
SN:TRICOT
|
$74.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fecon Foundation Engineering and Underground Construction JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,507,310,165,518 to 2,530,686,851,240, a change of 23,376,685,722 (0.9%).
- Net income of 32,344,040,980 contributed positively to equity growth.
- Dividend payments of 62,956,481,600 reduced retained earnings.
- New share issuances of 66,013,500,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫32.34 Billion | +1.28% |
| Dividends Paid | ₫62.96 Billion | -2.49% |
| Share Issuances | ₫66.01 Billion | +2.61% |
| Other Changes | ₫-12.02 Billion | -0.48% |
| Total Change | ₫- | 0.93% |
Book Value vs Market Value Analysis
This analysis compares Fecon Foundation Engineering and Underground 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: 0.77x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫17468.58 | ₫12450.00 | x |
| 2020-12-31 | ₫17858.97 | ₫12450.00 | x |
| 2021-12-31 | ₫21161.44 | ₫12450.00 | x |
| 2022-12-31 | ₫16810.86 | ₫12450.00 | x |
| 2023-12-31 | ₫15883.89 | ₫12450.00 | x |
| 2024-12-31 | ₫15925.60 | ₫12450.00 | x |
| 2025-12-31 | ₫16074.08 | ₫12450.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fecon Foundation Engineering and Underground 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): 1.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.67%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 4.03x
- Recent ROE (1.28%) is below the historical average (2.71%), 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 | 9.15% | 6.49% | 0.55x | 2.58x | ₫-18.68 Billion |
| 2020 | 5.36% | 3.76% | 0.47x | 3.06x | ₫-102.84 Billion |
| 2021 | 2.58% | 1.96% | 0.46x | 2.82x | ₫-197.07 Billion |
| 2022 | 1.50% | 1.30% | 0.40x | 2.86x | ₫-225.06 Billion |
| 2023 | -1.28% | -1.11% | 0.34x | 3.43x | ₫-282.17 Billion |
| 2024 | 0.37% | 0.27% | 0.35x | 3.87x | ₫-241.46 Billion |
| 2025 | 1.28% | 0.67% | 0.48x | 4.03x | ₫-220.72 Billion |
Industry Comparison
This section compares Fecon Foundation Engineering and Underground Construction JSC's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,547,225,966,747
- Average return on equity (ROE) among peers: 10.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fecon Foundation Engineering and Underground Construction JSC (FCN) | ₫3.30 Trillion | 9.15% | 2.08x | $74.36 Million |
| Ho Chi Minh City Infrastructure Investment JSC (CII) | $8.51 Trillion | 2.10% | 2.90x | $399.60 Million |
| Cotec Construction JSC (CTD) | $8.59 Trillion | 3.60% | 1.66x | $329.88 Million |
| Viettel Construction JSC (CTR) | $1.87 Trillion | 28.86% | 2.81x | $353.72 Million |
| Dat Phuong JSC (DPG) | $1.46 Trillion | 18.20% | 1.47x | $159.08 Million |
| Becamex Infrastructure Development JSC (IJC) | $2.07 Trillion | 17.87% | 2.21x | $126.35 Million |
| CII Bridges and Roads Investment JSC (LGC) | $4.69 Trillion | 4.45% | 1.60x | $212.07 Million |
| Tu Liem Urban Development JSC (NTL) | $1.61 Trillion | 1.29% | 0.17x | $56.62 Million |
| PC1 Group JSC (PC1) | $4.77 Trillion | 10.75% | 1.25x | $391.40 Million |
| Refrigeration Electrical Engineering Corp (REE) | $16.36 Trillion | 11.34% | 0.95x | $252.74 Million |