Hua Na Hydropower JSC (HNA) - Net Assets
Based on the latest financial reports, Hua Na Hydropower JSC (HNA) has net assets worth ₫3.47 Trillion VND (≈ $131.72 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 (₫3.97 Trillion ≈ $150.82 Million USD) and total liabilities (₫502.67 Billion ≈ $19.10 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 how resilient are Hua Na Hydropower JSC's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫3.47 Trillion |
| % of Total Assets | 87.34% |
| Annual Growth Rate | 3.65% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.2 |
Hua Na Hydropower JSC - Net Assets Trend (2023–2025)
This chart illustrates how Hua Na Hydropower JSC's net assets have evolved over time, based on quarterly financial data. Also explore Hua Na Hydropower JSC asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Hua Na Hydropower JSC (2023–2025)
The table below shows the annual net assets of Hua Na Hydropower JSC from 2023 to 2025. For live valuation and market cap data, see Hua Na Hydropower JSC stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫3.47 Trillion ≈ $131.72 Million |
+6.90% |
| 2024-12-31 | ₫3.24 Trillion ≈ $123.21 Million |
+0.50% |
| 2023-12-31 | ₫3.23 Trillion ≈ $122.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hua Na Hydropower 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 25.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫928.37 Billion | 26.78% |
| Other Components | ₫2.54 Trillion | 73.22% |
| Total Equity | ₫3.47 Trillion | 100.00% |
Hua Na Hydropower JSC Competitors by Market Cap
The table below lists competitors of Hua Na Hydropower JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
D&D Platform Reit Co Ltd
KO:377190
|
$192.60 Million |
|
Midsona AB (publ)
ST:MSON-B
|
$192.72 Million |
|
Orient Group Inc
SHG:600811
|
$192.74 Million |
|
STILLFRONT GRP AB SK-07
F:1YS0
|
$192.76 Million |
|
Canyon Resources Ltd
AU:CAY
|
$192.60 Million |
|
Toya SA
WAR:TOA
|
$192.55 Million |
|
Nordic Aqua Partners As
OL:NOAP
|
$192.42 Million |
|
SWK Holdings Corp
NASDAQ:SWKH
|
$192.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hua Na Hydropower JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,243,001,624,875 to 3,466,859,548,957, a change of 223,857,924,082 (6.9%).
- Net income of 475,840,443,075 contributed positively to equity growth.
- Dividend payments of 234,413,066,750 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫475.84 Billion | +13.73% |
| Dividends Paid | ₫234.41 Billion | -6.76% |
| Other Changes | ₫-17.57 Billion | -0.51% |
| Total Change | ₫- | 6.90% |
Book Value vs Market Value Analysis
This analysis compares Hua Na Hydropower 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: 1.46x
- 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 1.57x to 1.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2023-12-31 | ₫13718.00 | ₫21550.00 | x |
| 2024-12-31 | ₫13786.38 | ₫21550.00 | x |
| 2025-12-31 | ₫14738.03 | ₫21550.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hua Na Hydropower 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): 13.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.25%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.14x
- Recent ROE (13.73%) is above the historical average (9.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 7.33% | 31.59% | 0.22x | 1.08x | ₫-86.17 Billion |
| 2024 | 8.37% | 34.43% | 0.20x | 1.24x | ₫-52.70 Billion |
| 2025 | 13.73% | 41.25% | 0.29x | 1.14x | ₫129.15 Billion |
Industry Comparison
This section compares Hua Na Hydropower JSC's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $5,629,735,271,956
- Average return on equity (ROE) among peers: 5.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hua Na Hydropower JSC (HNA) | ₫3.47 Trillion | 7.33% | 0.14x | $192.60 Million |
| Gia Lai Electricity JSC (GEG) | $5.63 Trillion | 5.61% | 2.04x | $194.67 Million |
About Hua Na Hydropower JSC
Hua Na Hydropower Joint Stock Company engages in the investment, production, and trading of electricity in Vietnam. It operates two hydropower projects in Vietnam with a 2,00 megawatt capacity, as well as provides electrical engineering services. Hua Na Hydropower Joint Stock Company was founded in 2007 and is headquartered in Vinh City, Vietnam. Hua Na Hydropower Joint Stock Company is a subsidi… Read more