Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) - Net Assets
Based on the latest financial reports, Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) has net assets worth ₫83.19 Trillion VND (≈ $3.16 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫984.22 Trillion ≈ $37.39 Billion USD) and total liabilities (₫901.03 Trillion ≈ $34.23 Billion 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 tangible equity quality of Ho Chi Minh City Development Joint Stock to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫83.19 Trillion |
| % of Total Assets | 8.45% |
| Annual Growth Rate | 25.95% |
| 5-Year Change | 154.26% |
| 10-Year Change | N/A |
| Growth Volatility | 6.55 |
Ho Chi Minh City Development Joint Stock Commercial Bank - Net Assets Trend (2020–2025)
This chart illustrates how Ho Chi Minh City Development Joint Stock Commercial Bank's net assets have evolved over time, based on quarterly financial data. See Ho Chi Minh City Development Joint Stock defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ho Chi Minh City Development Joint Stock Commercial Bank (2020–2025)
The table below shows the annual net assets of Ho Chi Minh City Development Joint Stock Commercial Bank from 2020 to 2025. For live valuation and market cap data, see Ho Chi Minh City Development Joint Stock stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫78.29 Trillion ≈ $2.97 Billion |
+38.17% |
| 2024-12-31 | ₫56.66 Trillion ≈ $2.15 Billion |
+22.11% |
| 2023-12-31 | ₫46.40 Trillion ≈ $1.76 Billion |
+18.99% |
| 2022-12-31 | ₫38.99 Trillion ≈ $1.48 Billion |
+26.65% |
| 2021-12-31 | ₫30.79 Trillion ≈ $1.17 Billion |
+24.64% |
| 2020-12-31 | ₫24.70 Trillion ≈ $938.60 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Ho Chi Minh City Development Joint Stock Commercial Bank'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 109.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫14.19 Trillion | 18.78% |
| Other Components | ₫61.38 Trillion | 81.22% |
| Total Equity | ₫75.57 Trillion | 100.00% |
Ho Chi Minh City Development Joint Stock Commercial Bank Competitors by Market Cap
The table below lists competitors of Ho Chi Minh City Development Joint Stock Commercial Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MDA Space Ltd.
NYSE:MDA
|
$4.80 Billion |
|
RLI Corp
NYSE:RLI
|
$4.80 Billion |
|
Enphase Energy Inc
NASDAQ:ENPH
|
$4.80 Billion |
|
Herc Holdings Inc
NYSE:HRI
|
$4.81 Billion |
|
Umicore S.A.
BR:UMI
|
$4.80 Billion |
|
RioCan Real Estate Investment Trust
TO:REI-UN
|
$4.80 Billion |
|
Jinneng Holding Shanxi Coal Industry Co Ltd
SHG:601001
|
$4.80 Billion |
|
Gan & Lee Pharmaceuticals Co Ltd
SHG:603087
|
$4.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ho Chi Minh City Development Joint Stock Commercial Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 54,491,103,000,000 to 75,570,130,000,000, a change of 21,079,027,000,000 (38.7%).
- Net income of 16,503,470,000,000 contributed positively to equity growth.
- New share issuances of 4,645,101,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫16.50 Trillion | +21.84% |
| Share Issuances | ₫4.65 Trillion | +6.15% |
| Other Changes | ₫-69.54 Billion | -0.09% |
| Total Change | ₫- | 38.68% |
Book Value vs Market Value Analysis
This analysis compares Ho Chi Minh City Development Joint Stock Commercial Bank'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: 1.67x
- 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 3.62x to 1.67x 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 | ₫6982.92 | ₫25250.00 | x |
| 2023-12-31 | ₫9878.42 | ₫25250.00 | x |
| 2024-12-31 | ₫12021.66 | ₫25250.00 | x |
| 2025-12-31 | ₫15098.09 | ₫25250.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ho Chi Minh City Development Joint Stock Commercial Bank 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): 21.84%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.67%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 12.32x
- Recent ROE (21.84%) is above the historical average (21.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 18.48% | 31.54% | 0.04x | 13.88x | ₫1.95 Trillion |
| 2021 | 20.85% | 36.92% | 0.04x | 12.90x | ₫3.15 Trillion |
| 2022 | 20.97% | 36.13% | 0.05x | 11.26x | ₫4.05 Trillion |
| 2023 | 22.65% | 39.01% | 0.04x | 13.54x | ₫5.62 Trillion |
| 2024 | 23.42% | 37.40% | 0.05x | 12.80x | ₫7.31 Trillion |
| 2025 | 21.84% | 38.67% | 0.05x | 12.32x | ₫8.95 Trillion |
Industry Comparison
This section compares Ho Chi Minh City Development Joint Stock Commercial Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $65,309,886,111,111
- Average return on equity (ROE) among peers: 14.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) | ₫83.19 Trillion | 18.48% | 10.83x | $4.80 Billion |
| Asia Commercial Bank (ACB) | $44.90 Trillion | 21.39% | 10.75x | $4.35 Billion |
| Joint Stock Commercial Bank for Investment and Development of Vietnam (BID) | $86.33 Trillion | 12.21% | 19.41x | $11.18 Billion |
| Vietnam JSCmmercial Bank for Industry and Trade (CTG) | $148.50 Trillion | 17.07% | 15.06x | $9.94 Billion |
| Vietnam Export Import Commercial Joint Stock Bank (EIB) | $25.10 Trillion | 13.25% | 8.55x | $1.50 Billion |
| Lien Viet Post Joint Stock Commercial Bank (LPB) | $14.23 Trillion | 13.08% | 16.03x | $5.27 Billion |
| Military Commercial Joint Stock Bank (MBB) | $62.49 Trillion | 20.32% | 8.72x | $7.68 Billion |
| Sai Gon Ha Noi Commercial Joint Stock Bank (SHB) | $24.04 Trillion | 10.85% | 16.17x | $2.47 Billion |
| Sai Gon Thuong Tin Commercial Joint Stock Bank (STB) | $34.26 Trillion | 9.96% | 14.21x | $5.11 Billion |
| Vietnam Technological And Commercial Joint Stock Bank (TCB) | $147.94 Trillion | 14.55% | 5.62x | $8.55 Billion |
About Ho Chi Minh City Development Joint Stock Commercial Bank
Ho Chi Minh City Development Joint Stock Commercial Bank provides various banking products and services to individuals and corporates in Vietnam and internationally. The company offers current account, savings, demand, online saving, and regular term deposits; health, hospital allowance, death and disability, accident, critical illness, home, civil liability for car, borrower, assets risks, fire … Read more