Kinh Bac City Development Share Holding Corp
KinhBac City Development Holding Corporation invests in, construct, and trades in infrastructure inside and outside industrial parks in Vietnam. The company develops industrial land, ready-built factory and offices, and residential estate. It also leases and sells factory plants. The company was formerly known as Kinh Bac City Development Share Holding Corporation. KinhBac City Development Holdin… Read more
Kinh Bac City Development Share Holding Corp (KBC) - Net Assets
Latest net assets as of December 2025: ₫26.74 Trillion VND
Based on the latest financial reports, Kinh Bac City Development Share Holding Corp (KBC) has net assets worth ₫26.74 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 (₫69.75 Trillion) and total liabilities (₫43.01 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 | ₫26.74 Trillion |
| % of Total Assets | 38.34% |
| Annual Growth Rate | 17.08% |
| 5-Year Change | 65.38% |
| 10-Year Change | N/A |
| Growth Volatility | 17.54 |
Kinh Bac City Development Share Holding Corp - Net Assets Trend (2019–2025)
This chart illustrates how Kinh Bac City Development Share Holding Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kinh Bac City Development Share Holding Corp (2019–2025)
The table below shows the annual net assets of Kinh Bac City Development Share Holding Corp from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫26.74 Trillion | +29.55% |
| 2024-12-31 | ₫20.64 Trillion | +2.10% |
| 2023-12-31 | ₫20.22 Trillion | +13.31% |
| 2022-12-31 | ₫17.85 Trillion | +10.35% |
| 2021-12-31 | ₫16.17 Trillion | +51.80% |
| 2020-12-31 | ₫10.65 Trillion | +2.62% |
| 2019-12-31 | ₫10.38 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kinh Bac City Development Share Holding Corp'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 68.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫6.93 Trillion | 27.88% |
| Other Components | ₫17.92 Trillion | 72.12% |
| Total Equity | ₫24.84 Trillion | 100.00% |
Kinh Bac City Development Share Holding Corp Competitors by Market Cap
The table below lists competitors of Kinh Bac City Development Share Holding Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aya Gold & Silver Inc.
PINK:AYASF
|
$968.26 Million |
|
Techwing Inc
KQ:089030
|
$968.44 Million |
|
BNP PARIBAS BK POLSKA ZY1
F:82MA
|
$968.68 Million |
|
Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A
SHG:600648
|
$969.35 Million |
|
SINOPEC Engineering (Group) Co. Ltd.
PINK:SENGF
|
$968.17 Million |
|
Watches of Switzerland Group plc
PINK:WOSGF
|
$967.83 Million |
|
Bradespar S.A
SA:BRAP3
|
$967.74 Million |
|
SURUGA BK
F:URU
|
$967.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kinh Bac City Development Share Holding Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,557,888,713,128 to 24,844,250,877,947, a change of 6,286,362,164,819 (33.9%).
- Net income of 2,146,750,294,137 contributed positively to equity growth.
- Dividend payments of 375,000,000 reduced retained earnings.
- New share issuances of 4,164,285,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫2.15 Trillion | +8.64% |
| Dividends Paid | ₫375.00 Million | -0.0% |
| Share Issuances | ₫4.16 Trillion | +16.76% |
| Other Changes | ₫-24.30 Billion | -0.1% |
| Total Change | ₫- | 33.87% |
Book Value vs Market Value Analysis
This analysis compares Kinh Bac City Development Share Holding Corp'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: 1.18x
- 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 2.06x to 1.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫15140.49 | ₫31150.00 | x |
| 2020-12-31 | ₫15487.30 | ₫31150.00 | x |
| 2021-12-31 | ₫22177.81 | ₫31150.00 | x |
| 2022-12-31 | ₫20932.79 | ₫31150.00 | x |
| 2023-12-31 | ₫23678.81 | ₫31150.00 | x |
| 2024-12-31 | ₫24176.36 | ₫31150.00 | x |
| 2025-12-31 | ₫26380.81 | ₫31150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kinh Bac City Development Share Holding Corp 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): 8.64%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.10%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.81x
- Recent ROE (8.64%) is above the historical average (7.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 9.68% | 28.61% | 0.20x | 1.73x | ₫-29.96 Billion |
| 2020 | 2.31% | 10.42% | 0.09x | 2.45x | ₫-746.01 Billion |
| 2021 | 5.63% | 18.42% | 0.14x | 2.20x | ₫-606.80 Billion |
| 2022 | 9.50% | 160.62% | 0.03x | 2.17x | ₫-80.46 Billion |
| 2023 | 11.17% | 36.14% | 0.17x | 1.84x | ₫213.10 Billion |
| 2024 | 2.06% | 13.76% | 0.06x | 2.41x | ₫-1.47 Trillion |
| 2025 | 8.64% | 32.10% | 0.10x | 2.81x | ₫-337.67 Billion |
Industry Comparison
This section compares Kinh Bac City Development Share Holding Corp's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $23,095,968,290,517
- Average return on equity (ROE) among peers: 4.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kinh Bac City Development Share Holding Corp (KBC) | ₫26.74 Trillion | 9.68% | 1.61x | $968.23 Million |
| Sao Mai Group Corp (ASM) | $6.30 Trillion | 10.11% | 1.47x | $79.87 Million |
| Century Land Joint Stock Company (CRE) | $5.62 Trillion | 0.04% | 0.26x | $119.66 Million |
| Hoang Quan Consulting Trading Service Real Estate Corp (HQC) | $5.39 Trillion | 0.63% | 0.54x | $58.51 Million |
| 577 Investment Corp (NBB) | $813.00 Billion | 1.36% | 8.58x | $21.53 Million |
| Song Da Urban & Industrial Zone Investment and Development JSC (SJS) | $2.58 Trillion | 4.65% | 1.63x | $218.67 Million |
| Sonadezi Chau Duc Shareholding Co (SZC) | $1.53 Trillion | 12.86% | 3.13x | $209.66 Million |
| Vingroup JSC (VIC) | $159.57 Trillion | -1.58% | 1.68x | $9.53 Billion |
| Van Phu - Invest Investment JSC (VPI) | $2.96 Trillion | 10.17% | 2.28x | $321.83 Million |