Ba Ria Vung Tau House Development JSC (HDC) - Net Assets
Based on the latest financial reports, Ba Ria Vung Tau House Development JSC (HDC) has net assets worth ₫2.34 Trillion VND (≈ $89.01 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫4.90 Trillion ≈ $186.25 Million USD) and total liabilities (₫2.56 Trillion ≈ $97.24 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 HDC strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫2.34 Trillion |
| % of Total Assets | 47.79% |
| Annual Growth Rate | 18.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.48 |
Ba Ria Vung Tau House Development JSC - Net Assets Trend (2020–2024)
This chart illustrates how Ba Ria Vung Tau House Development JSC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see HDC company net worth.
Annual Net Assets for Ba Ria Vung Tau House Development JSC (2020–2024)
The table below shows the annual net assets of Ba Ria Vung Tau House Development JSC from 2020 to 2024. Also explore Ba Ria Vung Tau House Development JSC annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₫2.27 Trillion ≈ $86.28 Million |
+19.02% |
| 2023-12-31 | ₫1.91 Trillion ≈ $72.49 Million |
+2.37% |
| 2022-12-31 | ₫1.86 Trillion ≈ $70.81 Million |
+25.59% |
| 2021-12-31 | ₫1.48 Trillion ≈ $56.38 Million |
+29.93% |
| 2020-12-31 | ₫1.14 Trillion ≈ $43.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ba Ria Vung Tau House Development 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 decreased by 82.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫65.77 Billion | 2.92% |
| Other Components | ₫2.18 Trillion | 97.08% |
| Total Equity | ₫2.25 Trillion | 100.00% |
Ba Ria Vung Tau House Development JSC Competitors by Market Cap
The table below lists competitors of Ba Ria Vung Tau House Development JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Holland Colours NV
AS:HOLCO
|
$79.96 Million |
|
Resolution Minerals Ltd
AU:RML
|
$79.97 Million |
|
The Intergroup Corporation
NASDAQ:INTG
|
$79.98 Million |
|
Selectquote Inc
NYSE:SLQT
|
$79.99 Million |
|
Klingon Aerospace Inc
TW:1529
|
$79.89 Million |
|
ZUE SA
WAR:ZUE
|
$79.88 Million |
|
Adda Corporation
TWO:3071
|
$79.88 Million |
|
Xlife Sciences AG
SW:XLS
|
$79.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ba Ria Vung Tau House Development JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,886,335,092,030 to 2,249,283,189,283, a change of 362,948,097,253 (19.2%).
- Net income of 66,057,103,130 contributed positively to equity growth.
- Dividend payments of 840,000,000 reduced retained earnings.
- New share issuances of 299,564,110,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫66.06 Billion | +2.94% |
| Dividends Paid | ₫840.00 Million | -0.04% |
| Share Issuances | ₫299.56 Billion | +13.32% |
| Other Changes | ₫-1.83 Billion | -0.08% |
| Total Change | ₫- | 19.24% |
Book Value vs Market Value Analysis
This analysis compares Ba Ria Vung Tau House Development 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: 0.94x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.67x to 0.94x 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 | ₫7079.74 | ₫11800.00 | x |
| 2022-12-31 | ₫32470.82 | ₫11800.00 | x |
| 2023-12-31 | ₫11337.95 | ₫11800.00 | x |
| 2024-12-31 | ₫12611.27 | ₫11800.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ba Ria Vung Tau House Development 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): 2.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.09%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 2.17x
- Recent ROE (2.94%) is below the historical average (14.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 20.52% | 27.43% | 0.25x | 2.97x | ₫117.98 Billion |
| 2021 | 21.17% | 22.87% | 0.36x | 2.58x | ₫163.22 Billion |
| 2022 | 22.78% | 32.31% | 0.29x | 2.40x | ₫235.24 Billion |
| 2023 | 6.98% | 19.78% | 0.14x | 2.49x | ₫-56.99 Billion |
| 2024 | 2.94% | 12.09% | 0.11x | 2.17x | ₫-158.87 Billion |
Industry Comparison
This section compares Ba Ria Vung Tau House Development JSC's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $16,065,263,506,729
- Average return on equity (ROE) among peers: 14.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ba Ria Vung Tau House Development JSC (HDC) | ₫2.34 Trillion | 20.52% | 1.09x | $79.96 Million |
| Development Investment Construction JSC (DIG) | $4.01 Trillion | 9.75% | 1.04x | $323.96 Million |
| Ha Do Group JSC (HDG) | $5.39 Trillion | 20.34% | 1.95x | $248.16 Million |
| Khang Dien House Trading and Investment JSC (KDH) | $21.17 Trillion | 4.94% | 0.61x | $682.20 Million |
| Kosy JSC (KOS) | $2.31 Trillion | 0.59% | 1.06x | $213.85 Million |
| Nam Long Investment Corp (NLG) | $6.72 Trillion | 12.42% | 1.03x | $438.65 Million |
| Phat Dat Real Estate Development Corp (PDR) | $8.14 Trillion | 22.90% | 1.52x | $445.45 Million |
| Vinhomes JSC (VHM) | $64.72 Trillion | 33.60% | 2.05x | $10.83 Billion |
About Ba Ria Vung Tau House Development JSC
Ba Ria - Vung Tau House Development Joint Stock Company, together with its subsidiaries, engages in real estate business in Vietnam. It is involved in the development and construction of the urban area, housing, and industrial zone; implementing civil, industrial, and traffic engineering; real estate exchange management; and real estate brokerage and valuation activities. The company also trades … Read more