Phat Dat Real Estate Development Corp (PDR) - Net Assets
Based on the latest financial reports, Phat Dat Real Estate Development Corp (PDR) has net assets worth ₫12.56 Trillion VND (≈ $477.05 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 (₫26.60 Trillion ≈ $1.01 Billion USD) and total liabilities (₫14.04 Trillion ≈ $533.59 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 Phat Dat Real Estate Development Corp asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫12.56 Trillion |
| % of Total Assets | 47.2% |
| Annual Growth Rate | 19.02% |
| 5-Year Change | 52.54% |
| 10-Year Change | N/A |
| Growth Volatility | 17.3 |
Phat Dat Real Estate Development Corp - Net Assets Trend (2019–2025)
This chart illustrates how Phat Dat Real Estate Development Corp's net assets have evolved over time, based on quarterly financial data. Check Phat Dat Real Estate Development Corp tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Phat Dat Real Estate Development Corp (2019–2025)
The table below shows the annual net assets of Phat Dat Real Estate Development Corp from 2019 to 2025. For live valuation and market cap data, see Phat Dat Real Estate Development Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫12.42 Trillion ≈ $472.03 Million |
+8.75% |
| 2024-12-31 | ₫11.42 Trillion ≈ $434.04 Million |
+19.25% |
| 2023-12-31 | ₫9.58 Trillion ≈ $363.96 Million |
+3.44% |
| 2022-12-31 | ₫9.26 Trillion ≈ $351.84 Million |
+13.70% |
| 2021-12-31 | ₫8.14 Trillion ≈ $309.44 Million |
+56.80% |
| 2020-12-31 | ₫5.19 Trillion ≈ $197.35 Million |
+18.89% |
| 2019-12-31 | ₫4.37 Trillion ≈ $165.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Phat Dat Real Estate Development 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 72.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫1.74 Trillion | 14.03% |
| Other Components | ₫10.64 Trillion | 85.97% |
| Total Equity | ₫12.37 Trillion | 100.00% |
Phat Dat Real Estate Development Corp Competitors by Market Cap
The table below lists competitors of Phat Dat Real Estate Development Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZheJiang Haers Vacuum Containers Co Ltd
SHE:002615
|
$455.09 Million |
|
Youngy Health Co Ltd
SHE:300247
|
$455.33 Million |
|
Winton Land Ltd
AU:WTN
|
$455.42 Million |
|
Beijing Mainstreets Investment
SHE:000609
|
$455.44 Million |
|
Bridge Investment Group Holdings Inc
NYSE:BRDG
|
$454.85 Million |
|
Cerus Corporation
NASDAQ:CERS
|
$454.84 Million |
|
Shen Zhen Australis Electronic Technology Co.Ltd.
SHE:300940
|
$454.82 Million |
|
Sinopec Shanghai Petrochemical Company Limited
F:SGJH
|
$454.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phat Dat Real Estate Development Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,423,818,249,487 to 12,373,068,768,457, a change of 949,250,518,970 (8.3%).
- Net income of 515,069,907,619 contributed positively to equity growth.
- New share issuances of 179,000,000,000 increased equity.
- Other factors increased equity by 255,180,611,351.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫515.07 Billion | +4.16% |
| Share Issuances | ₫179.00 Billion | +1.45% |
| Other Changes | ₫255.18 Billion | +2.06% |
| Total Change | ₫- | 8.31% |
Book Value vs Market Value Analysis
This analysis compares Phat Dat Real Estate Development 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: 0.97x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.85x to 0.97x 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 | ₫6476.62 | ₫12000.00 | x |
| 2020-12-31 | ₫7690.31 | ₫12000.00 | x |
| 2021-12-31 | ₫12126.16 | ₫12000.00 | x |
| 2022-12-31 | ₫13787.81 | ₫12000.00 | x |
| 2023-12-31 | ₫12965.96 | ₫12000.00 | x |
| 2024-12-31 | ₫13083.60 | ₫12000.00 | x |
| 2025-12-31 | ₫12400.23 | ₫12000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phat Dat Real Estate Development 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): 4.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.87%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 2.20x
- Recent ROE (4.16%) is below the historical average (13.16%), 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 | 20.34% | 25.71% | 0.24x | 3.25x | ₫444.43 Billion |
| 2020 | 23.92% | 31.20% | 0.25x | 3.06x | ₫710.09 Billion |
| 2021 | 22.90% | 51.52% | 0.18x | 2.52x | ₫1.05 Trillion |
| 2022 | 12.28% | 75.59% | 0.07x | 2.47x | ₫211.21 Billion |
| 2023 | 7.14% | 110.78% | 0.03x | 2.20x | ₫-273.88 Billion |
| 2024 | 1.36% | 18.87% | 0.03x | 2.11x | ₫-987.29 Billion |
| 2025 | 4.16% | 38.87% | 0.05x | 2.20x | ₫-722.24 Billion |
Industry Comparison
This section compares Phat Dat Real Estate Development Corp's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $19,433,532,342,305
- Average return on equity (ROE) among peers: 11.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Phat Dat Real Estate Development Corp (PDR) | ₫12.56 Trillion | 20.34% | 1.12x | $454.93 Million |
| Development Investment Construction JSC (DIG) | $4.01 Trillion | 9.75% | 1.04x | $323.78 Million |
| Ba Ria Vung Tau House Development JSC (HDC) | $1.91 Trillion | 6.90% | 1.46x | $80.64 Million |
| Ha Do Group JSC (HDG) | $3.98 Trillion | 24.62% | 2.49x | $236.15 Million |
| Khang Dien House Trading and Investment JSC (KDH) | $21.17 Trillion | 4.94% | 0.61x | $773.87 Million |
| Kosy JSC (KOS) | $2.31 Trillion | 0.59% | 1.06x | $283.76 Million |
| Nam Long Investment Corp (NLG) | $13.53 Trillion | 3.57% | 1.11x | $400.87 Million |
| Vinhomes JSC (VHM) | $89.13 Trillion | 30.69% | 1.42x | $23.88 Billion |
About Phat Dat Real Estate Development Corp
Phat Dat Real Estate Development Corporation, together with its subsidiaries, engages in the purchase, sale, construction, and leasing of real estate properties in Vietnam. The company undertakes civil and industrial, and transport infrastructure works; and provides real estate brokerage, trading, and valuation services, as well as floor and property management services. It also constructs and tr… Read more