Gemadept Corp
Gemadept Corporation engages in the port operation and logistics businesses in Vietnam and internationally. The company operates Phuoc Long ICD, Nam Dinh Vu, Dung Quat, Binh Duong, Nam Hai ICD, and Gemalink Deep-sea ports. It also provides project cargo transport, distribution center, air cargo terminal, ship and crew management, multi-modal transport, container liner, shipping agency and freight… Read more
Gemadept Corp (GMD) - Net Assets
Latest net assets as of December 2025: ₫14.86 Trillion VND
Based on the latest financial reports, Gemadept Corp (GMD) has net assets worth ₫14.86 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 (₫19.78 Trillion) and total liabilities (₫4.92 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 | ₫14.86 Trillion |
| % of Total Assets | 75.14% |
| Annual Growth Rate | 14.58% |
| 5-Year Change | 110.94% |
| 10-Year Change | N/A |
| Growth Volatility | 13.42 |
Gemadept Corp - Net Assets Trend (2019–2025)
This chart illustrates how Gemadept Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gemadept Corp (2019–2025)
The table below shows the annual net assets of Gemadept Corp from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫14.86 Trillion | +8.05% |
| 2024-12-31 | ₫13.75 Trillion | +41.32% |
| 2023-12-31 | ₫9.73 Trillion | +22.45% |
| 2022-12-31 | ₫7.95 Trillion | +12.82% |
| 2021-12-31 | ₫7.04 Trillion | +6.82% |
| 2020-12-31 | ₫6.59 Trillion | +0.42% |
| 2019-12-31 | ₫6.57 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gemadept 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 531.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫4.16 Trillion | 31.78% |
| Other Components | ₫8.93 Trillion | 68.22% |
| Total Equity | ₫13.09 Trillion | 100.00% |
Gemadept Corp Competitors by Market Cap
The table below lists competitors of Gemadept Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AKSO HEALTH GR. (SPADR)/3
F:8HX
|
$1.03 Billion |
|
Proximus PLC
PINK:BGAOF
|
$1.03 Billion |
|
Montana Aerospace AG
SW:AERO
|
$1.03 Billion |
|
National Energy Services Reunited Corp Ordinary Shares
NASDAQ:NESR
|
$1.03 Billion |
|
Renishaw plc
PINK:RNSHF
|
$1.03 Billion |
|
Perenti Ltd
AU:PRN
|
$1.03 Billion |
|
NTPC Green Energy Limited
NSE:NTPCGREEN
|
$1.03 Billion |
|
Beijing Hotgen Biotech Co Ltd
SHG:688068
|
$1.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gemadept Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,385,860,704,770 to 13,085,079,988,724, a change of 699,219,283,954 (5.6%).
- Net income of 1,676,881,154,818 contributed positively to equity growth.
- Dividend payments of 1,302,034,497,862 reduced retained earnings.
- New share issuances of 125,125,000,000 increased equity.
- Other factors increased equity by 199,247,626,998.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫1.68 Trillion | +12.82% |
| Dividends Paid | ₫1.30 Trillion | -9.95% |
| Share Issuances | ₫125.12 Billion | +0.96% |
| Other Changes | ₫199.25 Billion | +1.52% |
| Total Change | ₫- | 5.65% |
Book Value vs Market Value Analysis
This analysis compares Gemadept 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: 2.44x
- 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 3.84x to 2.44x 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 | ₫19788.70 | ₫76000.00 | x |
| 2020-12-31 | ₫19581.72 | ₫76000.00 | x |
| 2021-12-31 | ₫20966.90 | ₫76000.00 | x |
| 2022-12-31 | ₫22981.28 | ₫76000.00 | x |
| 2023-12-31 | ₫28050.10 | ₫76000.00 | x |
| 2024-12-31 | ₫33975.11 | ₫76000.00 | x |
| 2025-12-31 | ₫31140.69 | ₫76000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gemadept 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): 12.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.20%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.51x
- Recent ROE (12.82%) is below the historical average (12.85%), 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 | 8.80% | 19.56% | 0.26x | 1.72x | ₫-70.55 Billion |
| 2020 | 6.29% | 14.24% | 0.26x | 1.67x | ₫-219.22 Billion |
| 2021 | 9.69% | 19.09% | 0.30x | 1.70x | ₫-19.71 Billion |
| 2022 | 14.35% | 25.50% | 0.30x | 1.88x | ₫301.31 Billion |
| 2023 | 26.23% | 58.52% | 0.28x | 1.58x | ₫1.39 Trillion |
| 2024 | 11.75% | 30.12% | 0.27x | 1.45x | ₫216.89 Billion |
| 2025 | 12.82% | 28.20% | 0.30x | 1.51x | ₫368.37 Billion |
Industry Comparison
This section compares Gemadept Corp's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $2,770,818,202,757
- Average return on equity (ROE) among peers: 17.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gemadept Corp (GMD) | ₫14.86 Trillion | 8.80% | 0.33x | $1.03 Billion |
| Dinhvu Port Investment Development JSC (DVP) | $1.38 Trillion | 24.03% | 0.19x | $100.63 Million |
| Hai An Transport and Stevedoring JSC (HAH) | $1.90 Trillion | 23.42% | 0.70x | $269.71 Million |
| Dong Nai Port JSC (PDN) | $1.49 Trillion | 29.39% | 0.24x | $235.10 Million |
| PetroVietnam Transportation Corp (PVT) | $5.69 Trillion | 12.12% | 0.93x | $210.01 Million |
| Vietnam Petroleum Transport JSC (VIP) | $1.27 Trillion | 6.82% | 0.12x | $29.50 Million |
| Vietnam Container Shipping JSC (VSC) | $4.90 Trillion | 6.87% | 0.59x | $244.32 Million |