Power Generation Corp 3
Power Generation Joint Stock Corporation 3, together with its subsidiaries, generates and trades in electricity from natural gas, coal dust, thermal, solar, and hydro power plants in Vietnam. The company is involved in the investment and management of investment capital in power generation projects, solar energy, and renewable energy projects; management, operation, repair, maintenance, overhaul,… Read more
Power Generation Corp 3 (PGV) - Net Assets
Latest net assets as of December 2025: ₫17.87 Trillion VND
Based on the latest financial reports, Power Generation Corp 3 (PGV) has net assets worth ₫17.87 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 (₫54.99 Trillion) and total liabilities (₫37.12 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 | ₫17.87 Trillion |
| % of Total Assets | 32.5% |
| Annual Growth Rate | 0.66% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 12.97 |
Power Generation Corp 3 - Net Assets Trend (2021–2025)
This chart illustrates how Power Generation Corp 3's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Power Generation Corp 3 (2021–2025)
The table below shows the annual net assets of Power Generation Corp 3 from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫17.87 Trillion | +22.68% |
| 2024-12-31 | ₫14.57 Trillion | -7.62% |
| 2023-12-31 | ₫15.77 Trillion | -10.37% |
| 2022-12-31 | ₫17.60 Trillion | +1.08% |
| 2021-12-31 | ₫17.41 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Power Generation Corp 3'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 0.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫5.04 Trillion | 28.72% |
| Other Components | ₫12.51 Trillion | 71.28% |
| Total Equity | ₫17.55 Trillion | 100.00% |
Power Generation Corp 3 Competitors by Market Cap
The table below lists competitors of Power Generation Corp 3 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IXAQF
NASDAQ:IXAQF
|
$8.45 Million |
|
Wallbox NV
NYSE:WBX
|
$8.45 Million |
|
Priortech
TA:PRTC
|
$8.46 Million |
|
Sky Quarry Inc
NASDAQ:SKYQ
|
$8.46 Million |
|
Baylin Technologies Inc
OTCQB:BYLTF
|
$8.45 Million |
|
G.AZOTY ZAK.AZ.PUL.B ZY10
F:1V5
|
$8.45 Million |
|
ADM Hamburg Aktiengesellschaft
F:OEL
|
$8.45 Million |
|
Knight Club Capital Asset Management PCL
BK:KCC
|
$8.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Power Generation Corp 3's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,249,206,266,333 to 17,547,037,470,194, a change of 3,297,831,203,861 (23.1%).
- Net income of 3,690,384,972,064 contributed positively to equity growth.
- Dividend payments of 19,889,829,205 reduced retained earnings.
- Other factors decreased equity by 372,663,938,998.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫3.69 Trillion | +21.03% |
| Dividends Paid | ₫19.89 Billion | -0.11% |
| Other Changes | ₫-372.66 Billion | -2.12% |
| Total Change | ₫- | 23.14% |
Book Value vs Market Value Analysis
This analysis compares Power Generation Corp 3'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: 1.56x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ₫15156.33 | ₫24350.00 | x |
| 2022-12-31 | ₫15329.93 | ₫24350.00 | x |
| 2023-12-31 | ₫13718.71 | ₫24350.00 | x |
| 2024-12-31 | ₫12683.23 | ₫24350.00 | x |
| 2025-12-31 | ₫15618.64 | ₫24350.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Power Generation Corp 3 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): 21.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.47%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 3.13x
- Recent ROE (21.03%) is above the historical average (10.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 18.45% | 8.32% | 0.56x | 3.99x | ₫1.44 Trillion |
| 2022 | 14.48% | 5.29% | 0.71x | 3.85x | ₫772.40 Billion |
| 2023 | 6.91% | 2.32% | 0.78x | 3.82x | ₫-476.12 Billion |
| 2024 | -6.16% | -2.16% | 0.74x | 3.88x | ₫-2.30 Trillion |
| 2025 | 21.03% | 8.47% | 0.79x | 3.13x | ₫1.94 Trillion |
Industry Comparison
This section compares Power Generation Corp 3's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $2,386,759,116,141
- Average return on equity (ROE) among peers: 15.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Power Generation Corp 3 (PGV) | ₫17.87 Trillion | 18.45% | 2.08x | $8.45 Million |
| Ba Ria Thermal Power JSC (BTP) | $1.22 Trillion | 6.62% | 0.40x | $3.07K |
| Central Hydropower JSC (CHP) | $2.00 Trillion | 25.55% | 0.63x | $174.98 Million |
| PetroVietnam Power Nhon Trach 2 JSC (NT2) | $4.30 Trillion | 14.04% | 0.48x | $292.79 Million |
| Can Don Hydro Power JSC (SJD) | $939.62 Billion | 16.36% | 0.45x | $38.02 Million |
| Viet Nam Power Development JSC (VPD) | $1.27 Trillion | 6.34% | 0.70x | $101.81 Million |
| Vinh Son Song Hinh Hydropower JSC (VSH) | $4.59 Trillion | 21.63% | 1.07x | $380.55 Million |