Petrolimex Insurance Corp
Petrolimex Insurance Corporation provides various insurance products in Vietnam. Its business includes direct insurance, reinsurance, loss assessment, investment, and other activities. The company offers motor vehicle, health, property and mixed, engineering, marine, and aviation insurance products. It also provides business interruption, public and product liability, professional liability, and … Read more
Petrolimex Insurance Corp (PGI) - Net Assets
Latest net assets as of December 2025: ₫1.95 Trillion VND
Based on the latest financial reports, Petrolimex Insurance Corp (PGI) has net assets worth ₫1.95 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 (₫9.22 Trillion) and total liabilities (₫7.26 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 | ₫1.95 Trillion |
| % of Total Assets | 21.19% |
| Annual Growth Rate | 4.07% |
| 5-Year Change | 9.86% |
| 10-Year Change | N/A |
| Growth Volatility | 8.79 |
Petrolimex Insurance Corp - Net Assets Trend (2019–2025)
This chart illustrates how Petrolimex Insurance Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Petrolimex Insurance Corp (2019–2025)
The table below shows the annual net assets of Petrolimex Insurance Corp from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.95 Trillion | +2.40% |
| 2024-12-31 | ₫1.91 Trillion | +2.29% |
| 2023-12-31 | ₫1.86 Trillion | +10.96% |
| 2022-12-31 | ₫1.68 Trillion | -5.48% |
| 2021-12-31 | ₫1.78 Trillion | +20.15% |
| 2020-12-31 | ₫1.48 Trillion | -3.77% |
| 2019-12-31 | ₫1.54 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Petrolimex Insurance 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 36.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫396.78 Billion | 20.31% |
| Other Components | ₫1.56 Trillion | 79.69% |
| Total Equity | ₫1.95 Trillion | 100.00% |
Petrolimex Insurance Corp Competitors by Market Cap
The table below lists competitors of Petrolimex Insurance Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Megaforce Co Ltd
TWO:3294
|
$80.87 Million |
|
Ethos Technologies Inc. Class A Common Stock
NASDAQ:LIFE
|
$80.91 Million |
|
Coda Octopus Group Inc
NASDAQ:CODA
|
$80.92 Million |
|
Korea Petroleum Industries Co
KO:004090
|
$80.96 Million |
|
Sea Sonic Electronics Co Ltd
TWO:6203
|
$80.83 Million |
|
Campine N.V.
LSE:0J0V
|
$80.81 Million |
|
DASAN Networks Inc
KQ:039560
|
$80.80 Million |
|
Bank Ganesha Tbk PT
JK:BGTG
|
$80.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Petrolimex Insurance Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,907,381,084,776 to 1,953,202,840,409, a change of 45,821,755,633 (2.4%).
- Net income of 245,548,590,131 contributed positively to equity growth.
- Dividend payments of 133,208,158,030 reduced retained earnings.
- Other factors decreased equity by 66,518,676,468.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫245.55 Billion | +12.57% |
| Dividends Paid | ₫133.21 Billion | -6.82% |
| Other Changes | ₫-66.52 Billion | -3.41% |
| Total Change | ₫- | 2.40% |
Book Value vs Market Value Analysis
This analysis compares Petrolimex Insurance 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: 1.10x
- 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 1.21x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ₫16032.27 | ₫19400.00 | x |
| 2022-12-31 | ₫15153.51 | ₫19400.00 | x |
| 2023-12-31 | ₫16814.03 | ₫19400.00 | x |
| 2024-12-31 | ₫17199.60 | ₫19400.00 | x |
| 2025-12-31 | ₫17612.80 | ₫19400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Petrolimex Insurance 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): 12.57%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.59%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 4.72x
- Recent ROE (12.57%) is below the historical average (12.99%), 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 | 10.57% | 4.62% | 0.60x | 3.80x | ₫8.84 Billion |
| 2020 | 11.86% | 4.57% | 0.63x | 4.13x | ₫27.49 Billion |
| 2021 | 19.34% | 8.39% | 0.64x | 3.58x | ₫165.99 Billion |
| 2022 | 12.12% | 4.84% | 0.62x | 4.02x | ₫35.68 Billion |
| 2023 | 12.29% | 5.05% | 0.61x | 3.99x | ₫42.62 Billion |
| 2024 | 12.18% | 4.70% | 0.59x | 4.42x | ₫41.50 Billion |
| 2025 | 12.57% | 4.59% | 0.58x | 4.72x | ₫50.23 Billion |
Industry Comparison
This section compares Petrolimex Insurance Corp's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $2,267,684,448,156
- Average return on equity (ROE) among peers: 10.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Petrolimex Insurance Corp (PGI) | ₫1.95 Trillion | 10.57% | 3.72x | $80.86 Million |
| BaoMinh Insurance Corp (BMI) | $2.64 Trillion | 12.45% | 1.65x | $99.53 Million |
| Military Insurance Corp (MIG) | $1.89 Trillion | 8.43% | 3.52x | $45.70 Million |