Tu Liem Urban Development JSC (NTL) - Net Assets
Based on the latest financial reports, Tu Liem Urban Development JSC (NTL) has net assets worth ₫1.62 Trillion VND (≈ $61.72 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫1.92 Trillion ≈ $72.94 Million USD) and total liabilities (₫295.20 Billion ≈ $11.22 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. Also explore balance sheet size of Tu Liem Urban Development JSC for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫1.62 Trillion |
| % of Total Assets | 84.62% |
| Annual Growth Rate | 7.08% |
| 5-Year Change | 30.99% |
| 10-Year Change | N/A |
| Growth Volatility | 9.35 |
Tu Liem Urban Development JSC - Net Assets Trend (2019–2025)
This chart illustrates how Tu Liem Urban Development JSC's net assets have evolved over time, based on quarterly financial data. Check Tu Liem Urban Development JSC tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Tu Liem Urban Development JSC (2019–2025)
The table below shows the annual net assets of Tu Liem Urban Development JSC from 2019 to 2025. For live valuation and market cap data, see NTL market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.61 Trillion ≈ $61.17 Million |
-8.42% |
| 2024-12-31 | ₫1.76 Trillion ≈ $66.79 Million |
+20.23% |
| 2023-12-31 | ₫1.46 Trillion ≈ $55.55 Million |
+16.24% |
| 2022-12-31 | ₫1.26 Trillion ≈ $47.79 Million |
+2.35% |
| 2021-12-31 | ₫1.23 Trillion ≈ $46.70 Million |
+5.57% |
| 2020-12-31 | ₫1.16 Trillion ≈ $44.23 Million |
+8.99% |
| 2019-12-31 | ₫1.07 Trillion ≈ $40.58 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tu Liem Urban Development 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 30.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫390.18 Billion | 24.24% |
| Other Components | ₫1.22 Trillion | 75.76% |
| Total Equity | ₫1.61 Trillion | 100.00% |
Tu Liem Urban Development JSC Competitors by Market Cap
The table below lists competitors of Tu Liem Urban Development JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Garo AB
ST:GARO
|
$63.49 Million |
|
Hanil Feed Co. Ltd
KQ:005860
|
$63.55 Million |
|
Top Systems-L
TA:TOPS
|
$63.56 Million |
|
Deniz Gayrimenkul Yatirim Ortakligi AS
IS:DZGYO
|
$63.61 Million |
|
Amarin Printing and Publishing Public Company Limited
BK:AMARIN
|
$63.48 Million |
|
AURRIGO INT.PLCLS-002
F:CI0
|
$63.45 Million |
|
RS Automation Co.Ltd
KQ:140670
|
$63.42 Million |
|
Li-S Energy Ltd
AU:LIS
|
$63.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tu Liem Urban Development JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,757,931,102,996 to 1,609,979,553,458, a change of -147,951,549,538 (-8.4%).
- Net income of 17,428,350,462 contributed positively to equity growth.
- Dividend payments of 121,979,900,000 reduced retained earnings.
- Other factors decreased equity by 43,400,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫17.43 Billion | +1.08% |
| Dividends Paid | ₫121.98 Billion | -7.58% |
| Other Changes | ₫-43.40 Billion | -2.7% |
| Total Change | ₫- | -8.42% |
Book Value vs Market Value Analysis
This analysis compares Tu Liem Urban Development 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: 1.04x
- 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 0.78x to 1.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫17514.28 | ₫13700.00 | x |
| 2020-12-31 | ₫19089.43 | ₫13700.00 | x |
| 2021-12-31 | ₫20151.95 | ₫13700.00 | x |
| 2022-12-31 | ₫20625.04 | ₫13700.00 | x |
| 2023-12-31 | ₫11987.06 | ₫13700.00 | x |
| 2024-12-31 | ₫14411.65 | ₫13700.00 | x |
| 2025-12-31 | ₫13198.73 | ₫13700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tu Liem Urban Development 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): 1.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 99.49%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.17x
- Recent ROE (1.08%) is below the historical average (19.48%), 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 | 21.89% | 28.00% | 0.51x | 1.52x | ₫126.99 Billion |
| 2020 | 25.37% | 45.25% | 0.36x | 1.55x | ₫178.98 Billion |
| 2021 | 19.36% | 41.26% | 0.31x | 1.53x | ₫115.05 Billion |
| 2022 | 8.47% | 27.22% | 0.23x | 1.34x | ₫-19.29 Billion |
| 2023 | 24.91% | 39.84% | 0.45x | 1.39x | ₫217.97 Billion |
| 2024 | 35.27% | 43.02% | 0.66x | 1.24x | ₫444.30 Billion |
| 2025 | 1.08% | 99.49% | 0.01x | 1.17x | ₫-143.57 Billion |
Industry Comparison
This section compares Tu Liem Urban Development JSC's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $7,193,339,491,790
- Average return on equity (ROE) among peers: 8.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tu Liem Urban Development JSC (NTL) | ₫1.62 Trillion | 21.89% | 0.18x | $63.49 Million |
| Ho Chi Minh City Infrastructure Investment JSC (CII) | $7.79 Trillion | 3.26% | 2.80x | $361.27 Million |
| Cotec Construction JSC (CTD) | $8.40 Trillion | 3.98% | 0.69x | $255.73 Million |
| Viettel Construction JSC (CTR) | $1.06 Trillion | 25.84% | 2.66x | $325.95 Million |
| Dat Phuong JSC (DPG) | $1.41 Trillion | 13.87% | 2.43x | $137.87 Million |
| Fecon Foundation Engineering and Underground Construction JSC (FCN) | $3.48 Trillion | 1.14% | 1.18x | $65.50 Million |
| Becamex Infrastructure Development JSC (IJC) | $8.01 Trillion | 6.46% | 0.28x | $175.81 Million |
| CII Bridges and Roads Investment JSC (LGC) | $4.44 Trillion | 7.51% | 1.68x | $522.27 Million |
| PC1 Group JSC (PC1) | $7.70 Trillion | 6.07% | 1.72x | $328.15 Million |
| Refrigeration Electrical Engineering Corp (REE) | $22.45 Trillion | 8.88% | 0.62x | $1.12 Billion |
About Tu Liem Urban Development JSC
Tu Liem Urban Development Joint Stock Company engages in field of construction and planning in urban areas in Vietnam. It is involved in constructing urban infrastructure; and trading houses and real estate. The company also provides services for apartment blocks; and real estate consulting. Tu Liem Urban Development Joint Stock Company was founded in 1974 and is headquartered in Hanoi, Vietnam.