Vietnam National Petroleum Group (PLX) - Net Assets
Based on the latest financial reports, Vietnam National Petroleum Group (PLX) has net assets worth ₫28.88 Trillion VND (≈ $1.10 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫106.07 Trillion ≈ $4.03 Billion USD) and total liabilities (₫77.19 Trillion ≈ $2.93 Billion 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. Check PLX goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫28.88 Trillion |
| % of Total Assets | 27.23% |
| Annual Growth Rate | 2.16% |
| 5-Year Change | 4.3% |
| 10-Year Change | N/A |
| Growth Volatility | 7.48 |
Vietnam National Petroleum Group - Net Assets Trend (2019–2025)
This chart illustrates how Vietnam National Petroleum Group's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Vietnam National Petroleum Group to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Vietnam National Petroleum Group (2019–2025)
The table below shows the annual net assets of Vietnam National Petroleum Group from 2019 to 2025. For live valuation and market cap data, see Vietnam National Petroleum Group stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫29.48 Trillion ≈ $1.12 Billion |
+0.57% |
| 2024-12-31 | ₫29.31 Trillion ≈ $1.11 Billion |
+0.36% |
| 2023-12-31 | ₫29.20 Trillion ≈ $1.11 Billion |
+5.11% |
| 2022-12-31 | ₫27.78 Trillion ≈ $1.06 Billion |
-1.69% |
| 2021-12-31 | ₫28.26 Trillion ≈ $1.07 Billion |
+17.13% |
| 2020-12-31 | ₫24.13 Trillion ≈ $916.66 Million |
-6.93% |
| 2019-12-31 | ₫25.92 Trillion ≈ $984.93 Million |
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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 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫3.93 Trillion | 15.03% |
| Other Components | ₫22.20 Trillion | 84.97% |
| Total Equity | ₫26.13 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 |
|---|---|
|
Compañía Cervecerías Unidas S.A
F:CVU
|
$1.87 Billion |
|
SIRIUS REAL ESTATE LTD.
F:EYI
|
$1.87 Billion |
|
Netstreit Corp
NYSE:NTST
|
$1.87 Billion |
|
Liveramp Holdings Inc
NYSE:RAMP
|
$1.87 Billion |
|
Jiangsu Favored Nanotechnology Co. Ltd. A
SHG:688371
|
$1.87 Billion |
|
Suzhou Gold Mantis Construction Decoration Co Ltd
SHE:002081
|
$1.87 Billion |
|
Harmony Biosciences Holdings
NASDAQ:HRMY
|
$1.86 Billion |
|
Proto Labs Inc
NYSE:PRLB
|
$1.86 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 2024 to 2025, total equity changed from 26,022,862,678,242 to 26,130,888,941,218, a change of 108,026,262,976 (0.4%).
- Net income of 2,675,260,283,045 contributed positively to equity growth.
- Dividend payments of 1,724,767,984,432 reduced retained earnings.
- Other factors decreased equity by 842,466,035,637.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫2.68 Trillion | +10.24% |
| Dividends Paid | ₫1.72 Trillion | -6.6% |
| Other Changes | ₫-842.47 Billion | -3.22% |
| Total Change | ₫- | 0.42% |
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: 1.88x
- 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 2.00x to 1.88x 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 | ₫38650.00 | x |
| 2020-12-31 | ₫17363.53 | ₫38650.00 | x |
| 2021-12-31 | ₫20612.98 | ₫38650.00 | x |
| 2022-12-31 | ₫19276.92 | ₫38650.00 | x |
| 2023-12-31 | ₫20415.31 | ₫38650.00 | x |
| 2024-12-31 | ₫20480.89 | ₫38650.00 | x |
| 2025-12-31 | ₫20565.91 | ₫38650.00 | 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): 10.24%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.86%
- • Asset Turnover: 3.60x
- • Equity Multiplier: 3.30x
- Recent ROE (10.24%) is below the historical average (10.32%), 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 | 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 |
| 2025 | 10.24% | 0.86% | 3.60x | 3.30x | ₫62.17 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: $2,062,411,237,518
- Average return on equity (ROE) among peers: 5.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vietnam National Petroleum Group (PLX) | ₫28.88 Trillion | 18.05% | 2.67x | $1.87 Billion |
| PetroVietnam General Services Corp (PET) | $2.06 Trillion | 5.35% | 3.38x | $225.04 Million |
About 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 surveying, designing, and constructing petroleum and civil works; transportation, renting, and leasing of oil tankers, services, marine mechanical services, and port business; water and road transport business; trading of liquefied petrole… Read more