PC1 Group JSC
PC1 Group Joint Stock Company engages in the construction, industrial production, real estate, energy, trading, exploitation and operation of industrial zone, mining, and other businesses in Vietnam. The company engages in construction of other engineering works comprising construction and installation of power transmission lines and transformer stations, power source facilities, industrial and c… Read more
PC1 Group JSC (PC1) - Net Assets
Latest net assets as of December 2025: ₫8.89 Trillion VND
Based on the latest financial reports, PC1 Group JSC (PC1) has net assets worth ₫8.89 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 (₫24.56 Trillion) and total liabilities (₫15.68 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 | ₫8.89 Trillion |
| % of Total Assets | 36.19% |
| Annual Growth Rate | 15.75% |
| 5-Year Change | 41.52% |
| 10-Year Change | N/A |
| Growth Volatility | 11.08 |
PC1 Group JSC - Net Assets Trend (2019–2025)
This chart illustrates how PC1 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 PC1 Group JSC (2019–2025)
The table below shows the annual net assets of PC1 Group JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫8.89 Trillion | +15.44% |
| 2024-12-31 | ₫7.70 Trillion | +5.90% |
| 2023-12-31 | ₫7.27 Trillion | +1.36% |
| 2022-12-31 | ₫7.17 Trillion | +14.20% |
| 2021-12-31 | ₫6.28 Trillion | +31.69% |
| 2020-12-31 | ₫4.77 Trillion | +29.09% |
| 2019-12-31 | ₫3.69 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PC1 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 68.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫1.79 Trillion | 27.41% |
| Other Components | ₫4.73 Trillion | 72.59% |
| Total Equity | ₫6.52 Trillion | 100.00% |
PC1 Group JSC Competitors by Market Cap
The table below lists competitors of PC1 Group JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lingnan Landscape Co Ltd
SHE:002717
|
$391.43 Million |
|
Huaren Pharmaceutical Co Ltd
SHE:300110
|
$391.51 Million |
|
Happiest Minds Technologies Limited
NSE:HAPPSTMNDS
|
$391.57 Million |
|
Sanlux Co Ltd
SHE:002224
|
$391.72 Million |
|
Mayora Indah Tbk
JK:MYOR
|
$391.27 Million |
|
YLZ Information Tech Co
SHE:300096
|
$391.23 Million |
|
Fujian Acetron New Materials Co Ltd
SHE:300706
|
$391.22 Million |
|
Quadient S.A
PINK:NPACF
|
$391.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PC1 Group JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,513,544,200,672 to 6,519,857,898,721, a change of 1,006,313,698,049 (18.3%).
- Net income of 1,050,164,661,216 contributed positively to equity growth.
- Dividend payments of 203,931,937,183 reduced retained earnings.
- New share issuances of 105,100,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫1.05 Trillion | +16.11% |
| Dividends Paid | ₫203.93 Billion | -3.13% |
| Share Issuances | ₫105.10 Billion | +1.61% |
| Other Changes | ₫54.98 Billion | +0.84% |
| Total Change | ₫- | 18.25% |
Book Value vs Market Value Analysis
This analysis compares PC1 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: 1.61x
- 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 1.96x to 1.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫13030.36 | ₫25500.00 | x |
| 2020-12-31 | ₫15113.13 | ₫25500.00 | x |
| 2021-12-31 | ₫17384.05 | ₫25500.00 | x |
| 2022-12-31 | ₫18918.21 | ₫25500.00 | x |
| 2023-12-31 | ₫16668.02 | ₫25500.00 | x |
| 2024-12-31 | ₫15416.25 | ₫25500.00 | x |
| 2025-12-31 | ₫15852.40 | ₫25500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PC1 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): 16.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.03%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 3.77x
- Recent ROE (16.11%) is above the historical average (10.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 10.41% | 6.12% | 0.70x | 2.42x | ₫14.00 Billion |
| 2020 | 12.86% | 7.68% | 0.62x | 2.69x | ₫114.06 Billion |
| 2021 | 14.78% | 7.07% | 0.53x | 3.97x | ₫224.90 Billion |
| 2022 | 8.99% | 5.50% | 0.38x | 4.25x | ₫-51.79 Billion |
| 2023 | 0.70% | 0.47% | 0.38x | 3.90x | ₫-482.20 Billion |
| 2024 | 8.48% | 4.63% | 0.48x | 3.80x | ₫-83.77 Billion |
| 2025 | 16.11% | 8.03% | 0.53x | 3.77x | ₫398.18 Billion |
Industry Comparison
This section compares PC1 Group JSC's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,391,503,548,561
- Average return on equity (ROE) among peers: 9.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PC1 Group JSC (PC1) | ₫8.89 Trillion | 10.41% | 1.76x | $391.40 Million |
| Ho Chi Minh City Infrastructure Investment JSC (CII) | $8.51 Trillion | 2.10% | 2.90x | $399.60 Million |
| Cotec Construction JSC (CTD) | $8.59 Trillion | 3.60% | 1.66x | $329.88 Million |
| Viettel Construction JSC (CTR) | $1.87 Trillion | 28.86% | 2.81x | $353.72 Million |
| Dat Phuong JSC (DPG) | $1.46 Trillion | 18.20% | 1.47x | $159.08 Million |
| Fecon Foundation Engineering and Underground Construction JSC (FCN) | $3.37 Trillion | 0.28% | 1.88x | $74.36 Million |
| Becamex Infrastructure Development JSC (IJC) | $2.07 Trillion | 17.87% | 2.21x | $126.35 Million |
| CII Bridges and Roads Investment JSC (LGC) | $4.69 Trillion | 4.45% | 1.60x | $212.07 Million |
| Tu Liem Urban Development JSC (NTL) | $1.61 Trillion | 1.29% | 0.17x | $56.62 Million |
| Refrigeration Electrical Engineering Corp (REE) | $16.36 Trillion | 11.34% | 0.95x | $252.74 Million |