Khai Hoan Land Group JSC
Khai Hoan Land Group Joint Stock Company provides real estate brokerage services. The company was incorporated in 2009 and is headquartered in Ho Chi Minh City, Vietnam.
Khai Hoan Land Group JSC (KHG) - Net Assets
Latest net assets as of December 2025: ₫5.29 Trillion VND
Based on the latest financial reports, Khai Hoan Land Group JSC (KHG) has net assets worth ₫5.29 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 (₫6.99 Trillion) and total liabilities (₫1.70 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 | ₫5.29 Trillion |
| % of Total Assets | 75.62% |
| Annual Growth Rate | 24.63% |
| 5-Year Change | 12.54% |
| 10-Year Change | N/A |
| Growth Volatility | 65.73 |
Khai Hoan Land Group JSC - Net Assets Trend (2020–2025)
This chart illustrates how Khai Hoan Land Group 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 Khai Hoan Land Group JSC (2020–2025)
The table below shows the annual net assets of Khai Hoan Land Group JSC from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | ₫5.29 Trillion | +1.27% |
| 2024-09-30 | ₫5.22 Trillion | +1.06% |
| 2023-09-30 | ₫5.17 Trillion | +0.49% |
| 2022-09-30 | ₫5.14 Trillion | +9.42% |
| 2021-09-30 | ₫4.70 Trillion | +167.19% |
| 2020-09-30 | ₫1.76 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Khai Hoan Land Group 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 392.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫778.85 Billion | 14.73% |
| Other Components | ₫4.51 Trillion | 85.27% |
| Total Equity | ₫5.29 Trillion | 100.00% |
Khai Hoan Land Group JSC Competitors by Market Cap
The table below lists competitors of Khai Hoan Land Group JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Meta Biomed Co. Ltd
KQ:059210
|
$52.41 Million |
|
InsCorp Inc
OTCQX:IBTN
|
$52.43 Million |
|
Positivo Tecnologia S.A
SA:POSI3
|
$52.44 Million |
|
Thumzup Media Corporation Common Stock
OTCQB:TZUP
|
$52.45 Million |
|
1S90
F:1S90
|
$52.41 Million |
|
BROWN GRP PLC CONS.
F:BGUA
|
$52.41 Million |
|
Qingling Motors Co. Ltd
PINK:QGLHF
|
$52.40 Million |
|
Kuen Ling Refrigerating Machinery Co Ltd
TWO:4527
|
$52.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Khai Hoan Land Group JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,219,834,266,311 to 5,286,257,150,845, a change of 66,422,884,534 (1.3%).
- Net income of 66,422,884,534 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫66.42 Billion | +1.26% |
| Total Change | ₫- | 1.27% |
Book Value vs Market Value Analysis
This analysis compares Khai Hoan Land Group 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: 0.47x
- 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.
- The price-to-book ratio has decreased from 0.78x to 0.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | ₫7087.12 | ₫5520.00 | x |
| 2022-09-30 | ₫11436.24 | ₫5520.00 | x |
| 2023-09-30 | ₫11492.66 | ₫5520.00 | x |
| 2024-09-30 | ₫11614.21 | ₫5520.00 | x |
| 2025-09-30 | ₫11762.00 | ₫5520.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Khai Hoan Land Group 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): 1.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.73%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.32x
- Recent ROE (1.26%) is below the historical average (4.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 5.50% | 31.92% | 0.13x | 1.35x | ₫-79.10 Billion |
| 2021 | 8.80% | 32.10% | 0.20x | 1.37x | ₫-56.23 Billion |
| 2022 | 8.61% | 31.69% | 0.20x | 1.37x | ₫-71.52 Billion |
| 2023 | 0.49% | 7.67% | 0.05x | 1.24x | ₫-491.16 Billion |
| 2024 | 1.05% | 17.63% | 0.05x | 1.26x | ₫-467.36 Billion |
| 2025 | 1.26% | 10.73% | 0.09x | 1.32x | ₫-462.20 Billion |
Industry Comparison
This section compares Khai Hoan Land Group 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: $26,242,720,452,085
- Average return on equity (ROE) among peers: 10.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Khai Hoan Land Group JSC (KHG) | ₫5.29 Trillion | 5.50% | 0.32x | $52.41 Million |
| Development Investment Construction JSC (DIG) | $7.79 Trillion | 1.85% | 0.89x | $376.36 Million |
| Dat Xanh Real Estate Service JSC (DXS) | $7.76 Trillion | 6.94% | 0.95x | $2.43K |
| Ba Ria Vung Tau House Development JSC (HDC) | $1.86 Trillion | 22.50% | 1.37x | $98.96 Million |
| Ha Do Group JSC (HDG) | $7.23 Trillion | 9.20% | 1.00x | $224.18 Million |
| Khang Dien House Trading and Investment JSC (KDH) | $15.52 Trillion | 4.61% | 0.71x | $991.00 Million |
| Kosy JSC (KOS) | $2.29 Trillion | 0.95% | 1.12x | $290.42 Million |
| Nam Long Investment Corp (NLG) | $6.72 Trillion | 12.42% | 1.03x | $427.72 Million |
| Phat Dat Real Estate Development Corp (PDR) | $4.37 Trillion | 20.01% | 2.20x | $381.27 Million |
| Vinhomes JSC (VHM) | $182.64 Trillion | 18.27% | 1.43x | $4.28 Billion |