NoiBai Cargo Terminal Services JSC (NCT) - Net Assets
Based on the latest financial reports, NoiBai Cargo Terminal Services JSC (NCT) has net assets worth ₫709.64 Billion VND (≈ $26.96 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫969.27 Billion ≈ $36.83 Million USD) and total liabilities (₫259.63 Billion ≈ $9.86 Million USD). 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. Check NoiBai Cargo Terminal Services JSC liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫709.64 Billion |
| % of Total Assets | 73.21% |
| Annual Growth Rate | 11.64% |
| 5-Year Change | 55.16% |
| 10-Year Change | N/A |
| Growth Volatility | 13.81 |
NoiBai Cargo Terminal Services JSC - Net Assets Trend (2020–2025)
This chart illustrates how NoiBai Cargo Terminal Services JSC's net assets have evolved over time, based on quarterly financial data. Also explore NoiBai Cargo Terminal Services JSC asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for NoiBai Cargo Terminal Services JSC (2020–2025)
The table below shows the annual net assets of NoiBai Cargo Terminal Services JSC from 2020 to 2025. For live valuation and market cap data, see NCT stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫709.64 Billion ≈ $26.96 Million |
+27.09% |
| 2024-12-31 | ₫558.37 Billion ≈ $21.21 Million |
+28.83% |
| 2023-12-31 | ₫433.40 Billion ≈ $16.47 Million |
+0.25% |
| 2022-12-31 | ₫432.34 Billion ≈ $16.43 Million |
-5.47% |
| 2021-12-31 | ₫457.35 Billion ≈ $17.38 Million |
+11.75% |
| 2020-12-31 | ₫409.26 Billion ≈ $15.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NoiBai Cargo Terminal Services 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 203.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫447.94 Billion | 63.12% |
| Other Components | ₫261.70 Billion | 36.88% |
| Total Equity | ₫709.64 Billion | 100.00% |
NoiBai Cargo Terminal Services JSC Competitors by Market Cap
The table below lists competitors of NoiBai Cargo Terminal Services JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tsang Yow Industrial Co Ltd
TW:1568
|
$92.56 Million |
|
KMH Co. Ltd
KQ:122450
|
$92.56 Million |
|
ATM Grupa S.A.
WAR:ATG
|
$92.57 Million |
|
Patria Bank SA
RO:PBK
|
$92.58 Million |
|
The Platinum Group Public Company Limited
BK:PLAT
|
$92.51 Million |
|
Ekopak BV
BR:EKOP
|
$92.49 Million |
|
Fullerton Technology Co Ltd
TW:6136
|
$92.46 Million |
|
Korea Flange
KO:010100
|
$92.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NoiBai Cargo Terminal Services JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 558,373,289,838 to 709,640,234,391, a change of 151,266,944,553 (27.1%).
- Net income of 386,889,264,178 contributed positively to equity growth.
- Dividend payments of 209,142,156,400 reduced retained earnings.
- Other factors decreased equity by 26,480,163,225.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫386.89 Billion | +54.52% |
| Dividends Paid | ₫209.14 Billion | -29.47% |
| Other Changes | ₫-26.48 Billion | -3.73% |
| Total Change | ₫- | 27.09% |
Book Value vs Market Value Analysis
This analysis compares NoiBai Cargo Terminal Services 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: 3.43x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.63x to 3.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₫16523.03 | ₫93100.00 | x |
| 2023-12-31 | ₫16563.74 | ₫93100.00 | x |
| 2024-12-31 | ₫21339.87 | ₫93100.00 | x |
| 2025-12-31 | ₫27120.98 | ₫93100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NoiBai Cargo Terminal Services 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): 54.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.93%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 1.37x
- Recent ROE (54.52%) is above the historical average (51.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 50.52% | 30.89% | 1.33x | 1.23x | ₫165.82 Billion |
| 2021 | 48.89% | 30.13% | 1.34x | 1.21x | ₫177.88 Billion |
| 2022 | 54.86% | 32.23% | 1.47x | 1.16x | ₫193.95 Billion |
| 2023 | 50.02% | 30.89% | 1.27x | 1.28x | ₫173.46 Billion |
| 2024 | 47.72% | 28.94% | 1.24x | 1.33x | ₫210.60 Billion |
| 2025 | 54.52% | 31.93% | 1.25x | 1.37x | ₫315.93 Billion |
Industry Comparison
This section compares NoiBai Cargo Terminal Services JSC's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $2,035,439,399,014
- Average return on equity (ROE) among peers: 11.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NoiBai Cargo Terminal Services JSC (NCT) | ₫709.64 Billion | 50.52% | 0.37x | $92.55 Million |
| South Logistics JSC (STG) | $2.12 Trillion | 11.23% | 0.31x | $134.76 Million |
| Transimex Saigon Corp (TMS) | $1.95 Trillion | 11.02% | 0.70x | $264.14 Million |
About NoiBai Cargo Terminal Services JSC
Noibai Cargo Terminal Services Joint Stock Company engages in the provision of cargo handling services at the Noi Bai International Airport in Vietnam. The company provides direct support services for air transport, including passenger terminal operation; terminal and warehouse operations; ground commercial technical; and ground transportation services. It is also involved in providing real estat… Read more