FPT Securities JSC (FTS) - Net Assets
Based on the latest financial reports, FPT Securities JSC (FTS) has net assets worth ₫4.42 Trillion VND (≈ $167.93 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 (₫13.92 Trillion ≈ $528.86 Million USD) and total liabilities (₫9.50 Trillion ≈ $360.93 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 FTS cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫4.42 Trillion |
| % of Total Assets | 31.75% |
| Annual Growth Rate | 14.95% |
| 5-Year Change | 48.19% |
| 10-Year Change | N/A |
| Growth Volatility | 10.25 |
FPT Securities JSC - Net Assets Trend (2020–2025)
This chart illustrates how FPT Securities JSC's net assets have evolved over time, based on quarterly financial data. Also explore FTS asset base for the complete picture of this company's asset base.
Annual Net Assets for FPT Securities JSC (2020–2025)
The table below shows the annual net assets of FPT Securities JSC from 2020 to 2025. For live valuation and market cap data, see FTS stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫4.42 Trillion ≈ $167.93 Million |
+7.33% |
| 2024-12-31 | ₫4.12 Trillion ≈ $156.46 Million |
+13.01% |
| 2023-12-31 | ₫3.64 Trillion ≈ $138.45 Million |
+8.84% |
| 2022-12-31 | ₫3.35 Trillion ≈ $127.20 Million |
+12.25% |
| 2021-12-31 | ₫2.98 Trillion ≈ $113.32 Million |
+35.44% |
| 2020-12-31 | ₫2.20 Trillion ≈ $83.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to FPT 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 grown by 19.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫954.90 Billion | 21.60% |
| Other Components | ₫3.47 Trillion | 78.40% |
| Total Equity | ₫4.42 Trillion | 100.00% |
FPT Securities JSC Competitors by Market Cap
The table below lists competitors of FPT Securities JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mo-Bruk SA
WAR:MBR
|
$343.21 Million |
|
Orchid Pharma Limited
NSE:ORCHPHARMA
|
$343.23 Million |
|
FocalTech Systems Co Ltd
TW:3545
|
$343.39 Million |
|
Sumber Global Energy Tbk Pt
JK:SGER
|
$343.41 Million |
|
Huasi Agricultural Development Co Ltd
SHE:002494
|
$342.87 Million |
|
Nordic Paper Holding AB
ST:NPAPER
|
$342.74 Million |
|
Zorlu Enerji Elektrik Uretim AS
IS:ZOREN
|
$342.68 Million |
|
Platinum Capital Ltd
AU:PMC
|
$342.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FPT Securities JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,117,969,099,891 to 4,419,966,471,274, a change of 301,997,371,383 (7.3%).
- Net income of 396,754,274,822 contributed positively to equity growth.
- Dividend payments of 152,296,007,000 reduced retained earnings.
- New share issuances of 99,884,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫396.75 Billion | +8.98% |
| Dividends Paid | ₫152.30 Billion | -3.45% |
| Share Issuances | ₫99.88 Billion | +2.26% |
| Other Changes | ₫-42.34 Billion | -0.96% |
| Total Change | ₫- | 7.33% |
Book Value vs Market Value Analysis
This analysis compares FPT 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: 2.04x
- 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 3.41x to 2.04x 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 | ₫7640.72 | ₫26050.00 | x |
| 2023-12-31 | ₫11027.86 | ₫26050.00 | x |
| 2024-12-31 | ₫12237.24 | ₫26050.00 | x |
| 2025-12-31 | ₫12756.11 | ₫26050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FPT 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): 8.98%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 83.48%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 3.15x
- Recent ROE (8.98%) is below the historical average (13.43%), 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 | 7.74% | 74.43% | 0.07x | 1.54x | ₫-49.67 Billion |
| 2021 | 28.36% | 121.46% | 0.07x | 3.17x | ₫547.71 Billion |
| 2022 | 9.50% | 64.39% | 0.09x | 1.58x | ₫-16.58 Billion |
| 2023 | 12.21% | 117.96% | 0.05x | 2.26x | ₫80.52 Billion |
| 2024 | 13.78% | 159.27% | 0.04x | 2.37x | ₫155.52 Billion |
| 2025 | 8.98% | 83.48% | 0.03x | 3.15x | ₫-45.24 Billion |
Industry Comparison
This section compares FPT Securities JSC's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $7,472,221,832,798
- Average return on equity (ROE) among peers: 10.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FPT Securities JSC (FTS) | ₫4.42 Trillion | 7.74% | 2.15x | $342.94 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 |
| VietinBank Securities JSC (CTS) | $2.25 Trillion | 10.26% | 2.86x | $210.92 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 FPT Securities JSC
FPT Securities Joint Stock Company, a financial institution, engages in the securities brokerage, trading, investment advisory, custody, and underwriting primarily in Vietnam. The company offers securities trading, such as stock, bond, derivatives, ETF, covered warrant trading, and securities custody; cash deposit, transfer, withdrawal, margin trading, and cash advance; as well as search advisors… Read more