Hoang Anh Gia Lai JSC
Hoang Anh Gia Lai Joint Stock Company, together with its subsidiaries, engages in the agriculture business in Vietnam, Laos, Cambodia, and internationally. The company operates through Manufacturing, Trading and Services, Construction, and Agriculture segments. It is involved in the management of investments; trading in materials, and machinery and equipment for cultivation and animal husbandry s… Read more
Hoang Anh Gia Lai JSC (HAG) - Net Assets
Latest net assets as of December 2025: ₫14.18 Trillion VND
Based on the latest financial reports, Hoang Anh Gia Lai JSC (HAG) has net assets worth ₫14.18 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 (₫26.89 Trillion) and total liabilities (₫12.71 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 | ₫14.18 Trillion |
| % of Total Assets | 52.75% |
| Annual Growth Rate | -2.99% |
| 5-Year Change | 203.53% |
| 10-Year Change | N/A |
| Growth Volatility | 39.82 |
Hoang Anh Gia Lai JSC - Net Assets Trend (2019–2025)
This chart illustrates how Hoang Anh Gia Lai 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 Hoang Anh Gia Lai JSC (2019–2025)
The table below shows the annual net assets of Hoang Anh Gia Lai JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫14.18 Trillion | +52.10% |
| 2024-12-31 | ₫9.33 Trillion | +38.65% |
| 2023-12-31 | ₫6.73 Trillion | +29.47% |
| 2022-12-31 | ₫5.19 Trillion | +11.16% |
| 2021-12-31 | ₫4.67 Trillion | -53.40% |
| 2020-12-31 | ₫10.03 Trillion | -41.09% |
| 2019-12-31 | ₫17.02 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hoang Anh Gia Lai 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 587989800000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫1.40 Trillion | 10.56% |
| Other Components | ₫11.82 Trillion | 89.44% |
| Total Equity | ₫13.21 Trillion | 100.00% |
Hoang Anh Gia Lai JSC Competitors by Market Cap
The table below lists competitors of Hoang Anh Gia Lai JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
eXp World Holdings Inc
NASDAQ:EXPI
|
$568.49 Million |
|
INTRAKT S.A. E0 030
F:Z8M
|
$568.58 Million |
|
KCE Electronics Public Company Limited
BK:KCE-R
|
$568.59 Million |
|
Timah Persero Tbk
JK:TINS
|
$568.80 Million |
|
Xinzhi Motor Co Ltd
SHE:002664
|
$568.27 Million |
|
Festi hf
IC:FESTI
|
$568.02 Million |
|
Transcoal Pacific Tbk PT
JK:TCPI
|
$567.95 Million |
|
AMC Entertainment Holdings Inc
NYSE:AMC
|
$567.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hoang Anh Gia Lai JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,744,246,269,000 to 13,213,446,713,000, a change of 4,469,200,444,000 (51.1%).
- Net income of 2,125,515,559,000 contributed positively to equity growth.
- New share issuances of 118,292,610,000 increased equity.
- Other factors increased equity by 2,225,392,275,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫2.13 Trillion | +16.09% |
| Share Issuances | ₫118.29 Billion | +0.9% |
| Other Changes | ₫2.23 Trillion | +16.84% |
| Total Change | ₫- | 51.11% |
Book Value vs Market Value Analysis
This analysis compares Hoang Anh Gia Lai 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: 1.44x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.09x to 1.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫13764.01 | ₫15050.00 | x |
| 2020-12-31 | ₫5476.03 | ₫15050.00 | x |
| 2021-12-31 | ₫4837.92 | ₫15050.00 | x |
| 2022-12-31 | ₫5385.31 | ₫15050.00 | x |
| 2023-12-31 | ₫6908.97 | ₫15050.00 | x |
| 2024-12-31 | ₫8269.58 | ₫15050.00 | x |
| 2025-12-31 | ₫10425.64 | ₫15050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hoang Anh Gia Lai 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): 16.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.57%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.04x
- Recent ROE (16.09%) is above the historical average (8.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 1.70% | 10.43% | 0.05x | 3.02x | ₫-1.06 Trillion |
| 2020 | -24.73% | -39.53% | 0.09x | 7.34x | ₫-1.76 Trillion |
| 2021 | 4.53% | 9.68% | 0.11x | 4.11x | ₫-245.64 Billion |
| 2022 | 22.60% | 22.09% | 0.26x | 3.96x | ₫629.31 Billion |
| 2023 | 25.97% | 25.83% | 0.30x | 3.36x | ₫1.02 Trillion |
| 2024 | 11.59% | 17.52% | 0.26x | 2.55x | ₫139.01 Billion |
| 2025 | 16.09% | 28.57% | 0.28x | 2.04x | ₫804.17 Billion |
Industry Comparison
This section compares Hoang Anh Gia Lai JSC's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $18,283,653,748,354
- Average return on equity (ROE) among peers: 5.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hoang Anh Gia Lai JSC (HAG) | ₫14.18 Trillion | 1.70% | 0.90x | $568.32 Million |
| An Gia Real Estate Investment and Development Corp (AGG) | $2.88 Trillion | 6.10% | 2.23x | $54.39 Million |
| Investment and Industrial Development Joint Stock Corp (BCM) | $17.10 Trillion | 8.49% | 1.87x | $2.20 Billion |
| Dat Xanh Real Estate Service Contructions Corp (DXG) | $14.19 Trillion | 1.21% | 1.03x | $593.23 Million |
| No Va Land Investment Group Corp (NVL) | $41.17 Trillion | 7.83% | 3.90x | $634.30 Million |
| Saigon Thuong Tin Real Estate JSC (SCR) | $5.03 Trillion | 3.72% | 0.95x | $65.45 Million |
| Vincom Retail JSC (VRE) | $29.34 Trillion | 8.12% | 0.36x | $2.29 Billion |