Vietnam Airlines JSC
Vietnam Airlines JSC provides air transport services in Vietnam and internationally. The company engages in the transportation of passengers, cargo, luggage, parcels, postal items, and mail. It is also involved in the maintenance and repair of aircraft, engines, and spare parts. In addition, the company provides airline fuel supply and catering, ground, technical, commercial, forwarding, logistic… Read more
Vietnam Airlines JSC (HVN) - Net Assets
Latest net assets as of June 2025: ₫-3.10 Trillion VND
Based on the latest financial reports, Vietnam Airlines JSC (HVN) has net assets worth ₫-3.10 Trillion VND as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫62.24 Trillion) and total liabilities (₫65.34 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 | ₫-3.10 Trillion |
| % of Total Assets | -4.98% |
| Annual Growth Rate | N/A |
| 5-Year Change | -253.88% |
| 10-Year Change | N/A |
| Growth Volatility | 1003.97 |
Vietnam Airlines JSC - Net Assets Trend (2019–2024)
This chart illustrates how Vietnam Airlines 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 Vietnam Airlines JSC (2019–2024)
The table below shows the annual net assets of Vietnam Airlines JSC from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₫-9.34 Trillion | +45.12% |
| 2023-12-31 | ₫-17.03 Trillion | -54.00% |
| 2022-12-31 | ₫-11.06 Trillion | -2209.00% |
| 2021-12-31 | ₫524.21 Billion | -91.37% |
| 2020-12-31 | ₫6.07 Trillion | -67.37% |
| 2019-12-31 | ₫18.61 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vietnam Airlines 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 1084.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₫23.60 Trillion | % |
| Total Equity | ₫-10.02 Trillion | 100.00% |
Vietnam Airlines JSC Competitors by Market Cap
The table below lists competitors of Vietnam Airlines JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nantong Acetic Acid Chemical Co Ltd
SHG:603968
|
$215.11 Million |
|
Legacy Housing Corp
NASDAQ:LEGH
|
$215.20 Million |
|
NACCO Industries Inc
NYSE:NC
|
$215.30 Million |
|
GIGAVIS LTD (PROPOSED)
KQ:420770
|
$215.32 Million |
|
Zhejiang Aokang Shoes Co Ltd
SHG:603001
|
$215.04 Million |
|
Wonderful Hi-Tech Co Ltd
TWO:6190
|
$214.94 Million |
|
Shanghai Supezet Engineering Technology Corp Ltd
SHG:688121
|
$214.86 Million |
|
M1 Kliniken AG
PINK:MKLNF
|
$214.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vietnam Airlines JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -17,515,195,384,526 to -10,016,715,152,505, a change of 7,498,480,232,021.
- Net income of 7,564,092,019,695 contributed positively to equity growth.
- Dividend payments of 220,153,054,883 reduced retained earnings.
- Other factors increased equity by 154,541,267,209.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫7.56 Trillion | +75.51% |
| Dividends Paid | ₫220.15 Billion | -2.2% |
| Other Changes | ₫154.54 Billion | +1.54% |
| Total Change | ₫- | % |
Book Value vs Market Value Analysis
This analysis compares Vietnam Airlines 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫10119.57 | ₫22250.00 | x |
| 2020-12-31 | ₫3530.32 | ₫22250.00 | x |
| 2021-12-31 | ₫680.28 | ₫22250.00 | x |
| 2022-12-31 | ₫-5221.70 | ₫22250.00 | x |
| 2023-12-31 | ₫-6234.30 | ₫22250.00 | x |
| 2024-12-31 | ₫-3565.31 | ₫22250.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vietnam Airlines 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.14%
- • Asset Turnover: 1.82x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-169.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 12.93% | 2.39% | 1.28x | 4.21x | ₫531.08 Billion |
| 2020 | -172.60% | -26.95% | 0.65x | 9.88x | ₫-11.56 Trillion |
| 2021 | -856.81% | -46.24% | 0.44x | 41.86x | ₫-13.06 Trillion |
| 2022 | 0.00% | -16.05% | 1.16x | 0.00x | ₫-10.14 Trillion |
| 2023 | 0.00% | -6.48% | 1.59x | 0.00x | ₫-4.18 Trillion |
| 2024 | 0.00% | 7.14% | 1.82x | 0.00x | ₫8.57 Trillion |
Industry Comparison
This section compares Vietnam Airlines JSC's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $24,850,418,970,119
- Average return on equity (ROE) among peers: 8.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vietnam Airlines JSC (HVN) | ₫-3.10 Trillion | 12.93% | N/A | $215.09 Million |
| Vietjet Aviation JSC (VJC) | $24.85 Trillion | 8.54% | 4.61x | $1.89 Billion |