Song Hong Garment JSC
Song Hong Garment Joint Stock Company manufactures, processes, and sells garment and bedding products in Vietnam. The company offers carpets, blankets, and knitted clothes, as well as cotton and rugs. It also engages in trading of industrial products; equipment, spare parts, and various other materials for garment textile industry; and cigarettes, alcohol, and cosmetics. In addition, the company … Read more
Song Hong Garment JSC (MSH) - Net Assets
Latest net assets as of December 2025: ₫2.21 Trillion VND
Based on the latest financial reports, Song Hong Garment JSC (MSH) has net assets worth ₫2.21 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 (₫4.68 Trillion) and total liabilities (₫2.47 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 | ₫2.21 Trillion |
| % of Total Assets | 47.17% |
| Annual Growth Rate | 8.9% |
| 5-Year Change | 47.67% |
| 10-Year Change | N/A |
| Growth Volatility | 4.49 |
Song Hong Garment JSC - Net Assets Trend (2020–2025)
This chart illustrates how Song Hong Garment 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 Song Hong Garment JSC (2020–2025)
The table below shows the annual net assets of Song Hong Garment JSC from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.21 Trillion | +7.43% |
| 2024-12-31 | ₫2.06 Trillion | +13.58% |
| 2023-12-31 | ₫1.81 Trillion | +5.28% |
| 2022-12-31 | ₫1.72 Trillion | +14.96% |
| 2021-12-31 | ₫1.50 Trillion | +3.69% |
| 2020-12-31 | ₫1.44 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Song Hong Garment 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 31.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫595.46 Billion | 31.11% |
| Other Components | ₫1.32 Trillion | 68.89% |
| Total Equity | ₫1.91 Trillion | 100.00% |
Song Hong Garment JSC Competitors by Market Cap
The table below lists competitors of Song Hong Garment JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Technos S.A
SA:TECN3
|
$27.25 Million |
|
Kayee International Group Co Ltd
TW:2939
|
$27.25 Million |
|
Gladiator Metals Corp
PINK:GDTRF
|
$27.26 Million |
|
Keyrus SA
PA:ALKEY
|
$27.26 Million |
|
Republic Bank of Arizona
PINK:RBAZ
|
$27.24 Million |
|
SCHMID Group N.V. Warrants
NASDAQ:SHMDW
|
$27.23 Million |
|
M2i Global Inc.
OTCQB:MTWO
|
$27.22 Million |
|
352090
KQ:352090
|
$27.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Song Hong Garment JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,796,053,912,325 to 1,914,153,115,844, a change of 118,099,203,519 (6.6%).
- Net income of 611,678,744,244 contributed positively to equity growth.
- Dividend payments of 474,382,727,500 reduced retained earnings.
- Other factors decreased equity by 19,196,813,225.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫611.68 Billion | +31.96% |
| Dividends Paid | ₫474.38 Billion | -24.78% |
| Other Changes | ₫-19.20 Billion | -1.0% |
| Total Change | ₫- | 6.58% |
Book Value vs Market Value Analysis
This analysis compares Song Hong Garment 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: 2.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 2.00x to 2.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₫18246.35 | ₫36450.00 | x |
| 2021-12-31 | ₫18955.77 | ₫36450.00 | x |
| 2022-12-31 | ₫21453.36 | ₫36450.00 | x |
| 2023-12-31 | ₫14631.85 | ₫36450.00 | x |
| 2024-12-31 | ₫15961.92 | ₫36450.00 | x |
| 2025-12-31 | ₫17011.52 | ₫36450.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Song Hong Garment 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): 31.96%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.04%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 2.45x
- Recent ROE (31.96%) is above the historical average (23.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 16.94% | 6.08% | 1.45x | 1.92x | ₫94.93 Billion |
| 2021 | 31.11% | 9.32% | 1.48x | 2.25x | ₫300.19 Billion |
| 2022 | 23.30% | 6.79% | 1.68x | 2.05x | ₫213.96 Billion |
| 2023 | 14.85% | 5.38% | 1.32x | 2.10x | ₫79.91 Billion |
| 2024 | 22.97% | 7.81% | 1.17x | 2.52x | ₫232.92 Billion |
| 2025 | 31.96% | 11.04% | 1.18x | 2.45x | ₫420.26 Billion |
Industry Comparison
This section compares Song Hong Garment JSC's net assets metrics with peer companies in the Apparel Manufacturing industry.
No peer company data available for comparison.