Tien Phong Securities Corp Net Assets
Tien Phong Securities Corp net assets. Based on the latest financial reports, Tien Phong Securities Corp (ORS) has net assets worth ₫7.80 Trillion VND (≈ $296.40 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫15.27 Trillion ≈ $580.14 Million USD) and total liabilities (₫7.47 Trillion ≈ $283.74 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 Tien Phong Securities Corp (ORS) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫7.80 Trillion |
| % of Total Assets | 51.09% |
| Annual Growth Rate | 51.4% |
| 5-Year Change | 251.65% |
| 10-Year Change | N/A |
| Growth Volatility | 46.91 |
Net Assets of Tien Phong Securities Corp (2020–2025)
Net assets of Tien Phong Securities Corp from 2020 to 2025. This chart illustrates how Tien Phong Securities Corp's net assets have evolved over time, based on quarterly financial data. See Tien Phong Securities Corp balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for Tien Phong Securities Corp (2020–2025)
The table below shows the annual net assets of Tien Phong Securities Corp from 2020 to 2025. For live market cap and overall valuation, see how much is Tien Phong Securities Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫7.64 Trillion ≈ $290.20 Million |
+94.83% |
| 2024-12-31 | ₫3.92 Trillion ≈ $148.95 Million |
+54.57% |
| 2023-12-31 | ₫2.54 Trillion ≈ $96.36 Million |
+9.90% |
| 2022-12-31 | ₫2.31 Trillion ≈ $87.68 Million |
+6.25% |
| 2021-12-31 | ₫2.17 Trillion ≈ $82.53 Million |
+126.14% |
| 2020-12-31 | ₫960.52 Billion ≈ $36.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tien Phong Securities Corp'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 70276159029900.0% over the analyzed period, indicating profitable operations and earnings retention.
Tien Phong Securities Corp Net Assets Breakdown (December 2025)
Tien Phong Securities Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫655.89 Billion | 8.59% |
| Other Components | ₫6.98 Trillion | 91.41% |
| Total Equity | ₫7.64 Trillion | 100.00% |
Tien Phong Securities Corp Competitors by Market Cap
The table below lists competitors of Tien Phong Securities Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunfly Intelligent Technology Co Ltd
SHE:300423
|
$335.62 Million |
|
ARS Pharmaceuticals, Inc
NASDAQ:SPRY
|
$335.64 Million |
|
P-Duke Technology Co Ltd
TWO:8109
|
$335.85 Million |
|
IVF Hartmann Holding AG
SW:VBSN
|
$336.00 Million |
|
Xinjiang Tianshan Animal Husbandry Bio-engineering Co Ltd
SHE:300313
|
$335.43 Million |
|
Jiangsu Yabang Dyestuff Co Ltd
SHG:603188
|
$335.40 Million |
|
ALPHA
KLSE:0303
|
$335.40 Million |
|
Chongqing Sansheng Building Materials Co Ltd
SHE:002742
|
$335.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tien Phong Securities Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,920,423,088,146 to 7,638,061,238,546, a change of 3,717,638,150,400 (94.8%).
- Net income of 118,498,637,900 contributed positively to equity growth.
- New share issuances of 3,599,139,512,500 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫118.50 Billion | +1.55% |
| Share Issuances | ₫3.60 Trillion | +47.12% |
| Total Change | ₫- | 94.83% |
Book Value vs Market Value Analysis
This analysis compares Tien Phong Securities Corp'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: 1.16x
- 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 1.43x to 1.16x 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 | ₫9903.00 | ₫14150.00 | x |
| 2023-12-31 | ₫9717.52 | ₫14150.00 | x |
| 2024-12-31 | ₫11667.93 | ₫14150.00 | x |
| 2025-12-31 | ₫12241.84 | ₫14150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tien Phong Securities Corp 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): 1.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.61%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.88x
- Recent ROE (1.55%) is below the historical average (7.52%), 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 | 9.29% | 23.26% | 0.17x | 2.29x | ₫-6.79 Billion |
| 2021 | 9.70% | 19.78% | 0.22x | 2.19x | ₫-6.52 Billion |
| 2022 | 5.88% | 8.48% | 0.24x | 2.91x | ₫-95.10 Billion |
| 2023 | 9.01% | 24.73% | 0.13x | 2.73x | ₫-25.11 Billion |
| 2024 | 9.67% | 35.44% | 0.10x | 2.86x | ₫-12.93 Billion |
| 2025 | 1.55% | 38.61% | 0.02x | 1.88x | ₫-645.31 Billion |
Industry Comparison
This section compares Tien Phong Securities Corp's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $6,500,581,824,485
- Average return on equity (ROE) among peers: 13.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tien Phong Securities Corp (ORS) | ₫7.80 Trillion | 9.29% | 0.96x | $335.43 Million |
| AgriBank Securities JSC (AGR) | $1.97 Trillion | 3.47% | 0.07x | $98.02 Million |
| BIDV Securities JSC (BSI) | $1.72 Trillion | 20.76% | 2.49x | $247.98 Million |
| VietinBank Securities JSC (CTS) | $2.04 Trillion | 9.20% | 3.15x | $169.70 Million |
| FPT Securities JSC (FTS) | $3.35 Trillion | 9.50% | 0.58x | $235.65 Million |
| Ho Chi Minh City Securities Corp (HCM) | $7.33 Trillion | 15.66% | 2.33x | $951.94 Million |
| SSI Securities Corp (SSI) | $32.07 Trillion | 12.80% | 1.93x | $1.67 Billion |
| Thien Viet Securities JSC (TVS) | $2.33 Trillion | 12.03% | 2.16x | $108.59 Million |
| Viet Capital Securities JSC (VCI) | $6.54 Trillion | 22.91% | 1.54x | $806.66 Million |
| Viet Dragon Securities Corp (VDS) | $1.17 Trillion | 12.88% | 1.20x | $95.59 Million |
About Tien Phong Securities Corp
Tien Phong Securities Corporation engages in the provision of brokerage and asset management services in Vietnam. It operates through Brokerage and Customer Service; Proprietary Trading of Listed Shares; Private Bond Trading; Financial Advisory; and General Management segments. The company provides securities services for brokerage, financial and investment consultancy, depository, trading, custo… Read more