Khang Dien House Trading and Investment JSC
Khang Dien House Trading and Investment Joint Stock Company, together with its subsidiaries, engages in real estate development in Vietnam. It is involved in the leasing; real estate trading and auction; receiving land use rights to construct houses for sale and lease; investing in the construction of infrastructure; architectural activities and related technical consultancy activities; brokerage… Read more
Khang Dien House Trading and Investment JSC (KDH) - Net Assets
Latest net assets as of December 2025: ₫21.17 Trillion VND
Based on the latest financial reports, Khang Dien House Trading and Investment JSC (KDH) has net assets worth ₫21.17 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 (₫34.06 Trillion) and total liabilities (₫12.89 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 | ₫21.17 Trillion |
| % of Total Assets | 62.15% |
| Annual Growth Rate | 18.45% |
| 5-Year Change | 107.13% |
| 10-Year Change | N/A |
| Growth Volatility | 9.24 |
Khang Dien House Trading and Investment JSC - Net Assets Trend (2019–2025)
This chart illustrates how Khang Dien House Trading and Investment 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 Khang Dien House Trading and Investment JSC (2019–2025)
The table below shows the annual net assets of Khang Dien House Trading and Investment JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫21.17 Trillion | +8.83% |
| 2024-12-31 | ₫19.45 Trillion | +25.32% |
| 2023-12-31 | ₫15.52 Trillion | +31.61% |
| 2022-12-31 | ₫11.79 Trillion | +15.39% |
| 2021-12-31 | ₫10.22 Trillion | +25.29% |
| 2020-12-31 | ₫8.16 Trillion | +6.44% |
| 2019-12-31 | ₫7.66 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Khang Dien House Trading and Investment 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 146.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫3.60 Trillion | 19.44% |
| Other Components | ₫14.93 Trillion | 80.56% |
| Total Equity | ₫18.53 Trillion | 100.00% |
Khang Dien House Trading and Investment JSC Competitors by Market Cap
The table below lists competitors of Khang Dien House Trading and Investment JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trupanion Inc
NASDAQ:TRUP
|
$991.05 Million |
|
Corvus Pharmaceuticals Inc
NASDAQ:CRVS
|
$991.72 Million |
|
Nanobiotix
NASDAQ:NBTX
|
$991.81 Million |
|
DEVELIA S.A. INH. ZY 1
F:94L
|
$991.94 Million |
|
The First Bancshares, Inc.
NASDAQ:FBMS
|
$990.47 Million |
|
Old Second Bancorp Inc
NASDAQ:OSBC
|
$990.37 Million |
|
Clarkson PLC
PINK:CKNHF
|
$990.23 Million |
|
Starlake Bioscience Co Inc Zhaoqing Guangdong
SHG:600866
|
$990.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Khang Dien House Trading and Investment JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,394,675,915,000 to 18,530,086,459,000, a change of 1,135,410,544,000 (6.5%).
- Net income of 1,052,699,493,000 contributed positively to equity growth.
- Share repurchases of 3,311,570,000 reduced equity.
- New share issuances of 144,240,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫1.05 Trillion | +5.68% |
| Share Repurchases | ₫3.31 Billion | -0.02% |
| Share Issuances | ₫144.24 Billion | +0.78% |
| Other Changes | ₫-58.22 Billion | -0.31% |
| Total Change | ₫- | 6.53% |
Book Value vs Market Value Analysis
This analysis compares Khang Dien House Trading and Investment 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: 1.59x
- 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 2.38x to 1.59x 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 | ₫11023.70 | ₫26200.00 | x |
| 2020-12-31 | ₫12020.09 | ₫26200.00 | x |
| 2021-12-31 | ₫14860.98 | ₫26200.00 | x |
| 2022-12-31 | ₫16123.02 | ₫26200.00 | x |
| 2023-12-31 | ₫16827.92 | ₫26200.00 | x |
| 2024-12-31 | ₫15639.08 | ₫26200.00 | x |
| 2025-12-31 | ₫16512.07 | ₫26200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Khang Dien House Trading and Investment 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): 5.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.52%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.84x
- Recent ROE (5.68%) is below the historical average (9.03%), 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 | 12.00% | 32.53% | 0.21x | 1.74x | ₫152.73 Billion |
| 2020 | 14.18% | 25.44% | 0.33x | 1.71x | ₫340.02 Billion |
| 2021 | 11.81% | 32.17% | 0.26x | 1.41x | ₫183.91 Billion |
| 2022 | 9.54% | 37.88% | 0.14x | 1.86x | ₫-52.79 Billion |
| 2023 | 5.32% | 34.28% | 0.08x | 1.97x | ₫-629.40 Billion |
| 2024 | 4.66% | 24.72% | 0.11x | 1.77x | ₫-929.05 Billion |
| 2025 | 5.68% | 22.52% | 0.14x | 1.84x | ₫-800.31 Billion |
Industry Comparison
This section compares Khang Dien House Trading and Investment 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: $25,097,934,889,453
- Average return on equity (ROE) among peers: 10.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Khang Dien House Trading and Investment JSC (KDH) | ₫21.17 Trillion | 12.00% | 0.61x | $991.00 Million |
| Development Investment Construction JSC (DIG) | $7.79 Trillion | 1.85% | 0.89x | $369.49 Million |
| Dat Xanh Real Estate Service JSC (DXS) | $7.76 Trillion | 6.94% | 0.95x | $2.30K |
| Ba Ria Vung Tau House Development JSC (HDC) | $1.86 Trillion | 22.50% | 1.37x | $96.27 Million |
| Ha Do Group JSC (HDG) | $7.23 Trillion | 9.20% | 1.00x | $223.01 Million |
| Khai Hoan Land Group JSC (KHG) | $5.22 Trillion | 1.05% | 0.26x | $52.03 Million |
| Kosy JSC (KOS) | $2.29 Trillion | 0.95% | 1.12x | $292.33 Million |
| Nam Long Investment Corp (NLG) | $6.72 Trillion | 12.42% | 1.03x | $424.66 Million |
| Phat Dat Real Estate Development Corp (PDR) | $4.37 Trillion | 20.01% | 2.20x | $372.71 Million |
| Vinhomes JSC (VHM) | $182.64 Trillion | 18.27% | 1.43x | $4.37 Billion |