Phu Nhuan Jewelry JSC (PNJ) - Net Assets
Based on the latest financial reports, Phu Nhuan Jewelry JSC (PNJ) has net assets worth ₫13.28 Trillion VND (≈ $504.40 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫20.17 Trillion ≈ $766.28 Million USD) and total liabilities (₫6.89 Trillion ≈ $261.88 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. Check PNJ goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫13.28 Trillion |
| % of Total Assets | 65.82% |
| Annual Growth Rate | 19.41% |
| 5-Year Change | 120.8% |
| 10-Year Change | N/A |
| Growth Volatility | 9.33 |
Phu Nhuan Jewelry JSC - Net Assets Trend (2019–2025)
This chart illustrates how Phu Nhuan Jewelry JSC's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Phu Nhuan Jewelry JSC to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Phu Nhuan Jewelry JSC (2019–2025)
The table below shows the annual net assets of Phu Nhuan Jewelry JSC from 2019 to 2025. For live valuation and market cap data, see market cap of Phu Nhuan Jewelry JSC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫13.28 Trillion ≈ $504.40 Million |
+17.95% |
| 2024-12-31 | ₫11.26 Trillion ≈ $427.63 Million |
+14.78% |
| 2023-12-31 | ₫9.81 Trillion ≈ $372.58 Million |
+16.13% |
| 2022-12-31 | ₫8.44 Trillion ≈ $320.82 Million |
+40.44% |
| 2021-12-31 | ₫6.01 Trillion ≈ $228.44 Million |
+14.70% |
| 2020-12-31 | ₫5.24 Trillion ≈ $199.16 Million |
+14.52% |
| 2019-12-31 | ₫4.58 Trillion ≈ $173.91 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Phu Nhuan Jewelry JSC'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 224.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫4.41 Trillion | 33.23% |
| Other Components | ₫8.86 Trillion | 66.77% |
| Total Equity | ₫13.28 Trillion | 100.00% |
Phu Nhuan Jewelry JSC Competitors by Market Cap
The table below lists competitors of Phu Nhuan Jewelry JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alpha Hpa Ltd
AU:A4N
|
$873.21 Million |
|
Wuhan Zhongyuan Huadian Sci Tech
SHE:300018
|
$873.54 Million |
|
Eletromidia S.A
SA:ELMD3
|
$874.17 Million |
|
CH. Karnchang Public Company Limited
BK:CK-R
|
$874.67 Million |
|
Cargojet Inc
TO:CJT
|
$872.89 Million |
|
Synsam AB
ST:SYNSAM
|
$872.34 Million |
|
Chongqing Wangbian Electric (Group) Corp. Ltd.
SHG:603191
|
$872.00 Million |
|
Seaport Therapeutics, Inc. Common Stock
NASDAQ:SPTX
|
$871.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phu Nhuan Jewelry JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,255,306,630,522 to 13,275,754,821,714, a change of 2,020,448,191,192 (18.0%).
- Net income of 2,829,338,825,192 contributed positively to equity growth.
- Dividend payments of 673,692,457,830 reduced retained earnings.
- New share issuances of 64,877,800,000 increased equity.
- Other factors decreased equity by 200,075,976,170.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫2.83 Trillion | +21.31% |
| Dividends Paid | ₫673.69 Billion | -5.07% |
| Share Issuances | ₫64.88 Billion | +0.49% |
| Other Changes | ₫-200.08 Billion | -1.51% |
| Total Change | ₫- | 17.95% |
Book Value vs Market Value Analysis
This analysis compares Phu Nhuan Jewelry JSC'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: 2.04x
- 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 4.46x to 2.04x 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 | ₫15244.80 | ₫68000.00 | x |
| 2020-12-31 | ₫17285.21 | ₫68000.00 | x |
| 2021-12-31 | ₫19833.50 | ₫68000.00 | x |
| 2022-12-31 | ₫25743.98 | ₫68000.00 | x |
| 2023-12-31 | ₫29896.93 | ₫68000.00 | x |
| 2024-12-31 | ₫33309.06 | ₫68000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phu Nhuan Jewelry JSC 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): 21.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.09%
- • Asset Turnover: 1.73x
- • Equity Multiplier: 1.52x
- Recent ROE (21.31%) is above the historical average (20.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 26.08% | 7.02% | 1.98x | 1.88x | ₫736.20 Billion |
| 2020 | 20.40% | 6.11% | 2.06x | 1.62x | ₫545.12 Billion |
| 2021 | 17.11% | 5.26% | 1.84x | 1.77x | ₫427.78 Billion |
| 2022 | 21.44% | 5.34% | 2.54x | 1.58x | ₫966.28 Billion |
| 2023 | 20.10% | 5.95% | 2.30x | 1.47x | ₫990.48 Billion |
| 2024 | 18.77% | 5.59% | 2.20x | 1.53x | ₫987.39 Billion |
| 2025 | 21.31% | 8.09% | 1.73x | 1.52x | ₫1.50 Trillion |
Industry Comparison
This section compares Phu Nhuan Jewelry JSC's net assets metrics with peer companies in the Luxury Goods industry.
No peer company data available for comparison.
About Phu Nhuan Jewelry JSC
Phu Nhuan Jewelry Joint Stock Company manufactures, trades, imports, and exports gold, silver, jewelry, gemstones, fashion accessories, and souvenirs in Vietnam. The company is also involved in the provision of testing services for diamonds, gems, and precious metals; trading of watches; and consultancy and appraisal services for gold, silver, and gemstones. It sells its products under the PNJ Be… Read more