FPT Corp (FPT) - Net Assets
Based on the latest financial reports, FPT Corp (FPT) has net assets worth ₫43.75 Trillion VND (≈ $1.66 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫88.09 Trillion ≈ $3.35 Billion USD) and total liabilities (₫44.34 Trillion ≈ $1.68 Billion 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 FPT financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫43.75 Trillion |
| % of Total Assets | 49.67% |
| Annual Growth Rate | 17.29% |
| 5-Year Change | 104.27% |
| 10-Year Change | N/A |
| Growth Volatility | 3.62 |
FPT Corp - Net Assets Trend (2019–2025)
This chart illustrates how FPT Corp's net assets have evolved over time, based on quarterly financial data. Also explore total assets of FPT Corp for the complete picture of this company's asset base.
Annual Net Assets for FPT Corp (2019–2025)
The table below shows the annual net assets of FPT Corp from 2019 to 2025. For live valuation and market cap data, see FPT stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫43.75 Trillion ≈ $1.66 Billion |
+22.22% |
| 2024-12-31 | ₫35.80 Trillion ≈ $1.36 Billion |
+19.59% |
| 2023-12-31 | ₫29.93 Trillion ≈ $1.14 Billion |
+18.05% |
| 2022-12-31 | ₫25.36 Trillion ≈ $963.38 Million |
+18.39% |
| 2021-12-31 | ₫21.42 Trillion ≈ $813.75 Million |
+15.12% |
| 2020-12-31 | ₫18.61 Trillion ≈ $706.90 Million |
+10.75% |
| 2019-12-31 | ₫16.80 Trillion ≈ $638.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to FPT Corp'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 128.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫14.32 Trillion | 39.26% |
| Other Components | ₫22.16 Trillion | 60.74% |
| Total Equity | ₫36.49 Trillion | 100.00% |
FPT Corp Competitors by Market Cap
The table below lists competitors of FPT Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Methanex Corporation
TO:MX
|
$4.89 Billion |
|
Intercorp Financial Services Inc
NYSE:IFS
|
$4.89 Billion |
|
Hisense Electric Co Ltd
SHG:600060
|
$4.89 Billion |
|
Avnet Inc
NASDAQ:AVT
|
$4.89 Billion |
|
Zhejiang Shuanghuan Driveline Co Ltd
SHE:002472
|
$4.88 Billion |
|
Seazen Holdings Co Ltd
SHG:601155
|
$4.88 Billion |
|
Luzerner Kantonalbank AG
SW:LUKN
|
$4.88 Billion |
|
Guizhou Space Appliance Co Ltd
SHE:002025
|
$4.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FPT Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 29,862,934,643,747 to 36,486,367,906,317, a change of 6,623,433,262,570 (22.2%).
- Net income of 9,369,309,781,066 contributed positively to equity growth.
- Dividend payments of 4,573,753,577,663 reduced retained earnings.
- New share issuances of 1,196,235,184,778 increased equity.
- Other factors increased equity by 631,641,874,389.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫9.37 Trillion | +25.68% |
| Dividends Paid | ₫4.57 Trillion | -12.54% |
| Share Issuances | ₫1.20 Trillion | +3.28% |
| Other Changes | ₫631.64 Billion | +1.73% |
| Total Change | ₫- | 22.18% |
Book Value vs Market Value Analysis
This analysis compares FPT Corp'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: 3.53x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.69x to 3.53x 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 | ₫11280.67 | ₫75500.00 | x |
| 2020-12-31 | ₫12656.63 | ₫75500.00 | x |
| 2021-12-31 | ₫14326.31 | ₫75500.00 | x |
| 2022-12-31 | ₫16682.62 | ₫75500.00 | x |
| 2023-12-31 | ₫19665.17 | ₫75500.00 | x |
| 2024-12-31 | ₫20300.16 | ₫75500.00 | x |
| 2025-12-31 | ₫21418.38 | ₫75500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FPT Corp 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): 25.68%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.36%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.41x
- Recent ROE (25.68%) is above the historical average (24.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 22.45% | 11.31% | 0.83x | 2.39x | ₫1.74 Trillion |
| 2020 | 22.47% | 11.86% | 0.71x | 2.65x | ₫1.96 Trillion |
| 2021 | 24.18% | 12.16% | 0.66x | 2.99x | ₫2.54 Trillion |
| 2022 | 25.23% | 12.07% | 0.85x | 2.45x | ₫3.21 Trillion |
| 2023 | 25.89% | 12.29% | 0.87x | 2.41x | ₫3.97 Trillion |
| 2024 | 26.31% | 12.50% | 0.87x | 2.41x | ₫4.87 Trillion |
| 2025 | 25.68% | 13.36% | 0.80x | 2.41x | ₫5.72 Trillion |
Industry Comparison
This section compares FPT Corp's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $2,721,761,063,772
- Average return on equity (ROE) among peers: 8.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FPT Corp (FPT) | ₫43.75 Trillion | 22.45% | 1.01x | $4.89 Billion |
| CMC Corp (CMG) | $2.72 Trillion | 8.87% | 1.30x | $246.00 Million |
About FPT Corp
FPT Corporation, together with its subsidiaries, provides information technology (IT) and telecommunication products and services in Vietnam and internationally. It operates through Information Technology and Telecommunication; and Investment, Education and Others segments. The company offers internet services to individuals and households, as well as to enterprises, including internet leased lin… Read more