Becamex Infrastructure Development JSC
Becamex Infrastructure Development Joint Stock Company engages in investment, construction, and real estate businesses in Vietnam. It operates through Sale of Toll Tickets, Trading Real Estate, Trading Investment Properties, Construction, Business Cooperation Contract, and Other segments. The company engages in the investment, construction, and operation of technical infrastructure of industrial … Read more
Becamex Infrastructure Development JSC (IJC) - Net Assets
Latest net assets as of December 2025: ₫8.01 Trillion VND
Based on the latest financial reports, Becamex Infrastructure Development JSC (IJC) has net assets worth ₫8.01 Trillion VND as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫10.28 Trillion) and total liabilities (₫2.28 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 | ₫8.01 Trillion |
| % of Total Assets | 77.84% |
| Annual Growth Rate | 27.85% |
| 5-Year Change | 139.43% |
| 10-Year Change | N/A |
| Growth Volatility | 22.65 |
Becamex Infrastructure Development JSC - Net Assets Trend (2019–2025)
This chart illustrates how Becamex Infrastructure Development 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 Becamex Infrastructure Development JSC (2019–2025)
The table below shows the annual net assets of Becamex Infrastructure Development JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫8.01 Trillion | +55.07% |
| 2024-12-31 | ₫5.16 Trillion | +35.02% |
| 2023-12-31 | ₫3.82 Trillion | +0.19% |
| 2022-12-31 | ₫3.82 Trillion | +14.13% |
| 2021-12-31 | ₫3.34 Trillion | +61.52% |
| 2020-12-31 | ₫2.07 Trillion | +12.98% |
| 2019-12-31 | ₫1.83 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Becamex Infrastructure 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 grown by 54.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫721.67 Billion | 9.01% |
| Other Components | ₫7.28 Trillion | 90.99% |
| Total Equity | ₫8.01 Trillion | 100.00% |
Becamex Infrastructure Development JSC Competitors by Market Cap
The table below lists competitors of Becamex Infrastructure Development JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou TianMuShan Pharmaceutical Enterprise Co Ltd
SHG:600671
|
$126.36 Million |
|
Smec Co.Ltd
KQ:099440
|
$126.45 Million |
|
Brightstar Resources Ltd
AU:BTR
|
$126.48 Million |
|
lastminute.com N.V
PINK:LSMNF
|
$126.49 Million |
|
Hooker Furniture Corporation
NASDAQ:HOFT
|
$126.33 Million |
|
Cool Company Oy
OL:CLCO
|
$126.25 Million |
|
Helixmith Co. Ltd
KQ:084990
|
$126.21 Million |
|
Nanjing OLO Home Furnishing
SHG:603326
|
$126.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Becamex Infrastructure Development JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,162,771,414,102 to 8,005,925,486,887, a change of 2,843,154,072,785 (55.1%).
- Net income of 517,579,373,061 contributed positively to equity growth.
- Dividend payments of 377,720,618,000 reduced retained earnings.
- New share issuances of 2,518,322,560,000 increased equity.
- Other factors increased equity by 184,972,757,724.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫517.58 Billion | +6.46% |
| Dividends Paid | ₫377.72 Billion | -4.72% |
| Share Issuances | ₫2.52 Trillion | +31.46% |
| Other Changes | ₫184.97 Billion | +2.31% |
| Total Change | ₫- | 55.07% |
Book Value vs Market Value Analysis
This analysis compares Becamex Infrastructure 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: 0.80x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫11521.81 | ₫10150.00 | x |
| 2020-12-31 | ₫13017.69 | ₫10150.00 | x |
| 2021-12-31 | ₫13277.84 | ₫10150.00 | x |
| 2022-12-31 | ₫15153.86 | ₫10150.00 | x |
| 2023-12-31 | ₫13576.66 | ₫10150.00 | x |
| 2024-12-31 | ₫13667.22 | ₫10150.00 | x |
| 2025-12-31 | ₫12716.28 | ₫10150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Becamex Infrastructure 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): 6.46%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.47%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.28x
- Recent ROE (6.46%) is below the historical average (12.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 15.52% | 17.78% | 0.21x | 4.12x | ₫101.21 Billion |
| 2020 | 17.87% | 17.27% | 0.32x | 3.21x | ₫162.88 Billion |
| 2021 | 18.57% | 23.87% | 0.38x | 2.04x | ₫286.72 Billion |
| 2022 | 13.39% | 25.97% | 0.30x | 1.71x | ₫129.43 Billion |
| 2023 | 10.33% | 26.42% | 0.23x | 1.67x | ₫12.49 Billion |
| 2024 | 6.86% | 34.71% | 0.13x | 1.52x | ₫-162.14 Billion |
| 2025 | 6.46% | 32.47% | 0.15x | 1.28x | ₫-283.01 Billion |
Industry Comparison
This section compares Becamex Infrastructure Development JSC's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,691,424,082,720
- Average return on equity (ROE) among peers: 8.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Becamex Infrastructure Development JSC (IJC) | ₫8.01 Trillion | 15.52% | 0.28x | $126.35 Million |
| Ho Chi Minh City Infrastructure Investment JSC (CII) | $8.51 Trillion | 2.10% | 2.90x | $399.60 Million |
| Cotec Construction JSC (CTD) | $8.59 Trillion | 3.60% | 1.66x | $329.88 Million |
| Viettel Construction JSC (CTR) | $1.87 Trillion | 28.86% | 2.81x | $353.72 Million |
| Dat Phuong JSC (DPG) | $1.46 Trillion | 18.20% | 1.47x | $159.08 Million |
| Fecon Foundation Engineering and Underground Construction JSC (FCN) | $3.37 Trillion | 0.28% | 1.88x | $74.36 Million |
| CII Bridges and Roads Investment JSC (LGC) | $4.69 Trillion | 4.45% | 1.60x | $212.07 Million |
| Tu Liem Urban Development JSC (NTL) | $1.61 Trillion | 1.29% | 0.17x | $56.62 Million |
| PC1 Group JSC (PC1) | $4.77 Trillion | 10.75% | 1.25x | $391.40 Million |
| Refrigeration Electrical Engineering Corp (REE) | $16.36 Trillion | 11.34% | 0.95x | $252.74 Million |