Gemadept Corp Net Assets
Gemadept Corp net assets. Based on the latest financial reports, Gemadept Corp (GMD) has net assets worth ₫15.61 Trillion VND (≈ $592.97 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫21.26 Trillion ≈ $807.80 Million USD) and total liabilities (₫5.65 Trillion ≈ $214.82 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. Also explore GMD net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫15.61 Trillion |
| % of Total Assets | 73.41% |
| Annual Growth Rate | 14.58% |
| 5-Year Change | 110.94% |
| 10-Year Change | N/A |
| Growth Volatility | 13.42 |
Net Assets of Gemadept Corp (2019–2025)
Net assets of Gemadept Corp from 2019 to 2025. This chart illustrates how Gemadept Corp's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Gemadept Corp to measure how much of total assets are equity-financed.
Annual Net Assets for Gemadept Corp (2019–2025)
The table below shows the annual net assets of Gemadept Corp from 2019 to 2025. For live market cap and overall valuation, see Gemadept Corp (GMD) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫14.86 Trillion ≈ $564.59 Million |
+8.05% |
| 2024-12-31 | ₫13.75 Trillion ≈ $522.54 Million |
+41.32% |
| 2023-12-31 | ₫9.73 Trillion ≈ $369.77 Million |
+22.45% |
| 2022-12-31 | ₫7.95 Trillion ≈ $301.97 Million |
+12.82% |
| 2021-12-31 | ₫7.04 Trillion ≈ $267.65 Million |
+6.82% |
| 2020-12-31 | ₫6.59 Trillion ≈ $250.57 Million |
+0.42% |
| 2019-12-31 | ₫6.57 Trillion ≈ $249.52 Million |
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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.
Gemadept Corp Net Assets Breakdown (December 2025)
Gemadept Corp net assets breakdown by equity component as of 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 |
|---|---|
|
Taiwan FamilyMart Co Ltd
TWO:5903
|
$1.28 Billion |
|
Cellcom Israel Ltd
TA:CEL
|
$1.28 Billion |
|
Shanghai Datun Energy Resources Co Ltd
SHG:600508
|
$1.28 Billion |
|
Lucid Group Inc
NASDAQ:LCID
|
$1.28 Billion |
|
Hubei Jianghan New Materials Co. Ltd. A
SHG:603281
|
$1.28 Billion |
|
Three's Company Media Group Co Ltd
SHG:605168
|
$1.28 Billion |
|
SJF Bank A/S
CO:SJF
|
$1.28 Billion |
|
Altus Group Limited
TO:AIF
|
$1.28 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 1,755,629,825,296 contributed positively to equity growth.
- Dividend payments of 1,314,588,058,559 reduced retained earnings.
- New share issuances of 125,125,000,000 increased equity.
- Other factors increased equity by 133,052,517,217.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫1.76 Trillion | +13.42% |
| Dividends Paid | ₫1.31 Trillion | -10.05% |
| Share Issuances | ₫125.12 Billion | +0.96% |
| Other Changes | ₫133.05 Billion | +1.02% |
| 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: 1.70x
- 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 2.67x to 1.70x 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 | ₫52800.00 | x |
| 2020-12-31 | ₫19581.72 | ₫52800.00 | x |
| 2021-12-31 | ₫20966.90 | ₫52800.00 | x |
| 2022-12-31 | ₫22981.28 | ₫52800.00 | x |
| 2023-12-31 | ₫28050.10 | ₫52800.00 | x |
| 2024-12-31 | ₫33975.11 | ₫52800.00 | x |
| 2025-12-31 | ₫31140.69 | ₫52800.00 | 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): 13.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.48%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.51x
- Recent ROE (13.42%) is above the historical average (12.93%), indicating improving 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 | 13.42% | 29.48% | 0.30x | 1.51x | ₫447.12 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: $2,442,782,349,036
- Average return on equity (ROE) among peers: 16.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gemadept Corp (GMD) | ₫15.61 Trillion | 8.80% | 0.36x | $1.28 Billion |
| Dinhvu Port Investment Development JSC (DVP) | $1.38 Trillion | 24.03% | 0.19x | $111.70 Million |
| Hai An Transport and Stevedoring JSC (HAH) | $3.17 Trillion | 12.14% | 0.69x | $307.31 Million |
| Dong Nai Port JSC (PDN) | $724.82 Billion | 22.18% | 0.58x | $172.27 Million |
| PetroVietnam Transportation Corp (PVT) | $6.22 Trillion | 10.76% | 0.78x | $403.60 Million |
| Vietnam Petroleum Transport JSC (VIP) | $1.08 Trillion | 0.97% | 0.36x | $25.23 Million |
| Vietnam Ocean Shipping JSC (VOS) | $1.53 Trillion | 31.93% | 0.75x | $56.91 Million |
| Vietnam Container Shipping JSC (VSC) | $3.00 Trillion | 11.68% | 0.09x | $189.89 Million |
About Gemadept Corp
Gemadept Group Corporation engages in the port operation and logistics businesses in Vietnam and internationally. It operates the Phuoc Long ICD, Nam Dinh Vu, Dung Quat, Binh Duong, Nam Hai ICD, and Gemalink Deep-sea ports, as well as air cargo terminals, distribution centers, and cold storage facilities. The company also provides project cargo transport, shipping, imported car logistics, and PDI… Read more