Vietnam National Petroleum Group
Vietnam National Petroleum Group, together with its subsidiaries, imports, exports, and trades in petroleum products in Vietnam and internationally. It engages in wholesale of petroleum, petrochemical, and related products; rental and leasing of petroleum transport ships; terminals business to import and export petroleum; wholesale of machine equipment and spare parts for petroleum industry and o… Read more
Vietnam National Petroleum Group (PLX) - Net Assets
Latest net assets as of June 2025: ₫28.18 Trillion VND
Based on the latest financial reports, Vietnam National Petroleum Group (PLX) has net assets worth ₫28.18 Trillion VND as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫87.41 Trillion) and total liabilities (₫59.23 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 | ₫28.18 Trillion |
| % of Total Assets | 32.24% |
| Annual Growth Rate | 2.48% |
| 5-Year Change | 21.48% |
| 10-Year Change | N/A |
| Growth Volatility | 8.14 |
Vietnam National Petroleum Group - Net Assets Trend (2019–2024)
This chart illustrates how Vietnam National Petroleum Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vietnam National Petroleum Group (2019–2024)
The table below shows the annual net assets of Vietnam National Petroleum Group from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₫29.31 Trillion | +0.36% |
| 2023-12-31 | ₫29.20 Trillion | +5.11% |
| 2022-12-31 | ₫27.78 Trillion | -1.69% |
| 2021-12-31 | ₫28.26 Trillion | +17.13% |
| 2020-12-31 | ₫24.13 Trillion | -6.93% |
| 2019-12-31 | ₫25.92 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vietnam National Petroleum Group'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 decreased by 35.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫3.93 Trillion | 15.10% |
| Other Components | ₫22.09 Trillion | 84.90% |
| Total Equity | ₫26.02 Trillion | 100.00% |
Vietnam National Petroleum Group Competitors by Market Cap
The table below lists competitors of Vietnam National Petroleum Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TP ICAP Group PLC
PINK:TCAPF
|
$2.28 Billion |
|
The Chefs Warehouse Inc
NASDAQ:CHEF
|
$2.29 Billion |
|
Artisan Partners Asset Management Inc
NYSE:APAM
|
$2.29 Billion |
|
Astral Limited
NSE:ASTRAL
|
$2.29 Billion |
|
Kesko Oyj Series A
LSE:0BNS
|
$2.28 Billion |
|
Luxi Chemical Group Co Ltd
SHE:000830
|
$2.28 Billion |
|
Dentsply Sirona Inc
NASDAQ:XRAY
|
$2.28 Billion |
|
Foot Locker Inc
NYSE:FL
|
$2.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vietnam National Petroleum Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,939,535,560,053 to 26,022,862,678,242, a change of 83,327,118,189 (0.3%).
- Net income of 2,889,803,702,540 contributed positively to equity growth.
- Dividend payments of 2,107,418,183,785 reduced retained earnings.
- Other factors decreased equity by 699,058,400,566.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫2.89 Trillion | +11.1% |
| Dividends Paid | ₫2.11 Trillion | -8.1% |
| Other Changes | ₫-699.06 Billion | -2.69% |
| Total Change | ₫- | 0.32% |
Book Value vs Market Value Analysis
This analysis compares Vietnam National Petroleum Group'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: 2.23x
- 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 2.36x to 2.23x 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 | ₫19344.97 | ₫45650.00 | x |
| 2020-12-31 | ₫17363.53 | ₫45650.00 | x |
| 2021-12-31 | ₫20612.98 | ₫45650.00 | x |
| 2022-12-31 | ₫19276.92 | ₫45650.00 | x |
| 2023-12-31 | ₫20415.31 | ₫45650.00 | x |
| 2024-12-31 | ₫20480.89 | ₫45650.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vietnam National Petroleum Group 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): 11.10%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.02%
- • Asset Turnover: 3.49x
- • Equity Multiplier: 3.12x
- Recent ROE (11.10%) 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 | 18.05% | 2.19% | 3.07x | 2.68x | ₫1.85 Trillion |
| 2020 | 4.67% | 0.80% | 2.03x | 2.89x | ₫-1.13 Trillion |
| 2021 | 11.30% | 1.68% | 2.61x | 2.58x | ₫326.57 Billion |
| 2022 | 5.92% | 0.48% | 4.08x | 3.04x | ₫-999.57 Billion |
| 2023 | 10.93% | 1.03% | 3.44x | 3.07x | ₫239.95 Billion |
| 2024 | 11.10% | 1.02% | 3.49x | 3.12x | ₫287.52 Billion |
Industry Comparison
This section compares Vietnam National Petroleum Group's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $2,660,124,528,908
- Average return on equity (ROE) among peers: 9.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vietnam National Petroleum Group (PLX) | ₫28.18 Trillion | 18.05% | 2.10x | $2.28 Billion |
| PetroVietnam General Services Corp (PET) | $2.66 Trillion | 9.69% | 4.10x | $145.12 Million |