Hai An Transport and Stevedoring JSC (HAH) - Net Assets
Based on the latest financial reports, Hai An Transport and Stevedoring JSC (HAH) has net assets worth ₫5.39 Trillion VND (≈ $204.97 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 (₫8.71 Trillion ≈ $331.06 Million USD) and total liabilities (₫3.32 Trillion ≈ $126.09 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 Hai An Transport and Stevedoring JSC tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫5.39 Trillion |
| % of Total Assets | 61.91% |
| Annual Growth Rate | 32.21% |
| 5-Year Change | 183.63% |
| 10-Year Change | N/A |
| Growth Volatility | 14.46 |
Hai An Transport and Stevedoring JSC - Net Assets Trend (2020–2025)
This chart illustrates how Hai An Transport and Stevedoring JSC's net assets have evolved over time, based on quarterly financial data. See how many days can Hai An Transport and Stevedoring JSC fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hai An Transport and Stevedoring JSC (2020–2025)
The table below shows the annual net assets of Hai An Transport and Stevedoring JSC from 2020 to 2025. For live valuation and market cap data, see Hai An Transport and Stevedoring JSC (HAH) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫5.39 Trillion ≈ $204.97 Million |
+35.83% |
| 2024-12-31 | ₫3.97 Trillion ≈ $150.90 Million |
+25.26% |
| 2023-12-31 | ₫3.17 Trillion ≈ $120.47 Million |
+9.83% |
| 2022-12-31 | ₫2.89 Trillion ≈ $109.69 Million |
+51.78% |
| 2021-12-31 | ₫1.90 Trillion ≈ $72.27 Million |
+42.39% |
| 2020-12-31 | ₫1.34 Trillion ≈ $50.75 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hai An Transport and Stevedoring 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 170.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫1.32 Trillion | 29.26% |
| Other Components | ₫3.19 Trillion | 70.74% |
| Total Equity | ₫4.51 Trillion | 100.00% |
Hai An Transport and Stevedoring JSC Competitors by Market Cap
The table below lists competitors of Hai An Transport and Stevedoring JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Contango ORE Inc
NYSE MKT:CTGO
|
$346.52 Million |
|
Zhejiang Wanfeng Chemical Co. Ltd. A
SHG:603172
|
$346.63 Million |
|
Vox Royalty Corp. Common Stock
NASDAQ:VOXR
|
$346.81 Million |
|
Buana Listya Tama Tbk PT
JK:BULL
|
$346.82 Million |
|
Jiangsu Hengshang Energy Conservation Technology Co. Ltd. A
SHG:603137
|
$346.39 Million |
|
Venus Pipes & Tubes Limited
NSE:VENUSPIPES
|
$346.38 Million |
|
Chemclin Diagnostics Co. Ltd. A
SHG:688468
|
$346.30 Million |
|
Viridis Mining and Minerals Ltd
AU:VMM
|
$346.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hai An Transport and Stevedoring JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,276,927,139,517 to 4,509,319,079,454, a change of 1,232,391,939,937 (37.6%).
- Net income of 1,206,512,634,633 contributed positively to equity growth.
- Dividend payments of 156,884,093,000 reduced retained earnings.
- Other factors increased equity by 182,763,398,304.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫1.21 Trillion | +26.76% |
| Dividends Paid | ₫156.88 Billion | -3.48% |
| Other Changes | ₫182.76 Billion | +4.05% |
| Total Change | ₫- | 37.61% |
Book Value vs Market Value Analysis
This analysis compares Hai An Transport and Stevedoring 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: 2.02x
- 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 5.78x to 2.02x 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 | ₫9337.85 | ₫54000.00 | x |
| 2021-12-31 | ₫13557.65 | ₫54000.00 | x |
| 2023-12-31 | ₫16868.25 | ₫54000.00 | x |
| 2024-12-31 | ₫20773.44 | ₫54000.00 | x |
| 2025-12-31 | ₫26704.29 | ₫54000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hai An Transport and Stevedoring 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): 26.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.70%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.93x
- Recent ROE (26.76%) is above the historical average (23.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 12.94% | 11.61% | 0.57x | 1.96x | ₫31.42 Billion |
| 2021 | 28.71% | 22.78% | 0.60x | 2.08x | ₫290.34 Billion |
| 2022 | 35.57% | 25.64% | 0.63x | 2.18x | ₫590.84 Billion |
| 2023 | 14.46% | 14.73% | 0.49x | 2.01x | ₫118.81 Billion |
| 2024 | 19.85% | 16.29% | 0.55x | 2.22x | ₫322.81 Billion |
| 2025 | 26.76% | 23.70% | 0.58x | 1.93x | ₫755.58 Billion |
Industry Comparison
This section compares Hai An Transport and Stevedoring JSC's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $3,473,751,104,546
- Average return on equity (ROE) among peers: 16.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hai An Transport and Stevedoring JSC (HAH) | ₫5.39 Trillion | 12.94% | 0.62x | $346.45 Million |
| Dinhvu Port Investment Development JSC (DVP) | $1.38 Trillion | 24.03% | 0.19x | $107.60 Million |
| Gemadept Corp (GMD) | $9.73 Trillion | 23.12% | 0.39x | $1.25 Billion |
| Dong Nai Port JSC (PDN) | $724.82 Billion | 22.18% | 0.58x | $211.12 Million |
| PetroVietnam Transportation Corp (PVT) | $6.22 Trillion | 10.76% | 0.78x | $398.69 Million |
| Vietnam Petroleum Transport JSC (VIP) | $1.30 Trillion | 19.09% | 0.13x | $30.31 Million |
| Vietnam Ocean Shipping JSC (VOS) | $1.67 Trillion | 9.29% | 0.62x | $67.29 Million |
| Vietnam Container Shipping JSC (VSC) | $3.29 Trillion | 3.75% | 0.58x | $273.10 Million |
About Hai An Transport and Stevedoring JSC
Hai An Transport And Stevedoring Joint Stock Company, together with its subsidiaries, engages in port operation, sea transport, shipping agency, and logistics operations in Vietnam. The company operates through Vessel Operation, Port Operation, and Others segments. It also involved in the stevedoring, delivery, and preservation of cargoes; sea transport and inland trucking; agency and shipping ag… Read more