Petrovietnam Gas JSC
Petrovietnam Gas Joint Stock Corporation, together with its subsidiaries, engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam. The company offers liquefied petroleum gas, dry gas, condensate, compressed natural gas, and liquefied natural gas; gas cylinders under PetroVietnam brand; and steel pipes products… Read more
Petrovietnam Gas JSC (GAS) - Net Assets
Latest net assets as of December 2025: ₫67.65 Trillion VND
Based on the latest financial reports, Petrovietnam Gas JSC (GAS) has net assets worth ₫67.65 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 (₫93.53 Trillion) and total liabilities (₫25.88 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 | ₫67.65 Trillion |
| % of Total Assets | 72.33% |
| Annual Growth Rate | 5.3% |
| 5-Year Change | 29.62% |
| 10-Year Change | N/A |
| Growth Volatility | 7.26 |
Petrovietnam Gas JSC - Net Assets Trend (2019–2025)
This chart illustrates how Petrovietnam Gas 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 Petrovietnam Gas JSC (2019–2025)
The table below shows the annual net assets of Petrovietnam Gas JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫67.65 Trillion | +9.88% |
| 2024-12-31 | ₫61.57 Trillion | -5.71% |
| 2023-12-31 | ₫65.30 Trillion | +6.74% |
| 2022-12-31 | ₫61.17 Trillion | +17.21% |
| 2021-12-31 | ₫52.19 Trillion | +5.44% |
| 2020-12-31 | ₫49.50 Trillion | -0.23% |
| 2019-12-31 | ₫49.61 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Petrovietnam Gas 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 56.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫12.48 Trillion | 18.83% |
| Other Components | ₫53.81 Trillion | 81.17% |
| Total Equity | ₫66.29 Trillion | 100.00% |
Petrovietnam Gas JSC Competitors by Market Cap
The table below lists competitors of Petrovietnam Gas JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AngioDynamics Inc
NASDAQ:ANGO
|
$353.07 Million |
|
Guangzhou Anyka Microelectronics Co. Ltd. A
SHG:688620
|
$353.08 Million |
|
Cheryong Electric Co.Ltd
KQ:033100
|
$353.25 Million |
|
Shanghai Shenda Co Ltd
SHG:600626
|
$353.38 Million |
|
SFA Semicon Co. Ltd
KQ:036540
|
$353.00 Million |
|
WAORF
PINK:WAORF
|
$352.92 Million |
|
ChemPartner PharmaTech Co Ltd
SHE:300149
|
$352.83 Million |
|
Lanzhou Greatwall Electrical Co Ltd
SHG:600192
|
$352.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Petrovietnam Gas JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 60,247,781,884,449 to 66,294,978,679,122, a change of 6,047,196,794,673 (10.0%).
- Net income of 11,414,339,911,686 contributed positively to equity growth.
- Dividend payments of 5,109,438,694,779 reduced retained earnings.
- New share issuances of 10,167,798,761 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫11.41 Trillion | +17.22% |
| Dividends Paid | ₫5.11 Trillion | -7.71% |
| Share Issuances | ₫10.17 Billion | +0.02% |
| Other Changes | ₫-267.87 Billion | -0.4% |
| Total Change | ₫- | 10.04% |
Book Value vs Market Value Analysis
This analysis compares Petrovietnam Gas 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: 3.20x
- 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 3.47x to 3.20x 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 | ₫25343.90 | ₫87900.00 | x |
| 2020-12-31 | ₫25306.63 | ₫87900.00 | x |
| 2021-12-31 | ₫26695.71 | ₫87900.00 | x |
| 2022-12-31 | ₫31274.42 | ₫87900.00 | x |
| 2023-12-31 | ₫26543.69 | ₫87900.00 | x |
| 2024-12-31 | ₫25717.54 | ₫87900.00 | x |
| 2025-12-31 | ₫27474.66 | ₫87900.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Petrovietnam Gas 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): 17.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.45%
- • Asset Turnover: 1.44x
- • Equity Multiplier: 1.41x
- Recent ROE (17.22%) is below the historical average (19.29%), 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 | 24.54% | 15.87% | 1.21x | 1.28x | ₫7.05 Trillion |
| 2020 | 16.22% | 12.25% | 1.01x | 1.30x | ₫3.01 Trillion |
| 2021 | 16.97% | 10.98% | 1.00x | 1.54x | ₫3.56 Trillion |
| 2022 | 24.72% | 14.69% | 1.22x | 1.38x | ₫8.81 Trillion |
| 2023 | 18.12% | 12.90% | 1.03x | 1.37x | ₫5.20 Trillion |
| 2024 | 17.26% | 10.04% | 1.26x | 1.36x | ₫4.37 Trillion |
| 2025 | 17.22% | 8.45% | 1.44x | 1.41x | ₫4.78 Trillion |
Industry Comparison
This section compares Petrovietnam Gas JSC's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $1,555,216,628,552
- Average return on equity (ROE) among peers: 26.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Petrovietnam Gas JSC (GAS) | ₫67.65 Trillion | 24.54% | 0.38x | $353.07 Million |
| Petrovietnam Low Pressure Gas Distribution JSC (PGD) | $1.56 Trillion | 26.54% | 1.32x | $70.26 Million |