Phu Tai JSC
Phu Tai Joint Stock Company engages in the manufacture and trade of stone and wood products in Vietnam and internationally. The company offers natural stone products, including cut-to-size, crushed and screened stone, imported granite, Vietnamese granite, imported marble, and tombstone; and calacatta, classical, and marble artificial stones. It is also involved in car distribution; real estate in… Read more
Phu Tai JSC (PTB) - Net Assets
Latest net assets as of December 2025: ₫3.35 Trillion VND
Based on the latest financial reports, Phu Tai JSC (PTB) has net assets worth ₫3.35 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 (₫6.40 Trillion) and total liabilities (₫3.05 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 | ₫3.35 Trillion |
| % of Total Assets | 52.33% |
| Annual Growth Rate | 10.96% |
| 5-Year Change | 40.02% |
| 10-Year Change | N/A |
| Growth Volatility | 6.29 |
Phu Tai JSC - Net Assets Trend (2020–2025)
This chart illustrates how Phu Tai JSC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Phu Tai JSC (2020–2025)
The table below shows the annual net assets of Phu Tai JSC from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫3.35 Trillion | +10.37% |
| 2024-12-31 | ₫3.03 Trillion | +7.92% |
| 2023-12-31 | ₫2.81 Trillion | +1.80% |
| 2022-12-31 | ₫2.76 Trillion | +15.49% |
| 2021-12-31 | ₫2.39 Trillion | +20.11% |
| 2020-12-31 | ₫1.99 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Phu Tai 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 decreased by 45.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫771.63 Billion | 24.07% |
| Other Components | ₫2.43 Trillion | 75.93% |
| Total Equity | ₫3.21 Trillion | 100.00% |
Phu Tai JSC Competitors by Market Cap
The table below lists competitors of Phu Tai JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Novabase SGPS
LS:NBA
|
$87.32 Million |
|
Western Investment Company of Canada Limited
V:WI
|
$87.33 Million |
|
Streamwide
PA:ALSTW
|
$87.34 Million |
|
Goldshore Resources Inc
OTCQB:GSHRF
|
$87.35 Million |
|
Smith Douglas Homes Corp.
NYSE:SDHC
|
$87.29 Million |
|
Microalliance Group Inc.
PINK:MALG
|
$87.27 Million |
|
FRONTIER DEVELOP. LS -05
F:5FD
|
$87.25 Million |
|
Montauk Renewables Inc
NASDAQ:MNTK
|
$87.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phu Tai JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,903,758,397,448 to 3,206,060,910,642, a change of 302,302,513,194 (10.4%).
- Net income of 501,473,808,019 contributed positively to equity growth.
- Dividend payments of 180,405,962,198 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫501.47 Billion | +15.64% |
| Dividends Paid | ₫180.41 Billion | -5.63% |
| Other Changes | ₫-18.77 Billion | -0.59% |
| Total Change | ₫- | 10.41% |
Book Value vs Market Value Analysis
This analysis compares Phu Tai 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: 1.23x
- 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 1.82x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₫28262.73 | ₫51500.00 | x |
| 2021-12-31 | ₫34109.85 | ₫51500.00 | x |
| 2023-12-31 | ₫41196.51 | ₫51500.00 | x |
| 2024-12-31 | ₫43379.56 | ₫51500.00 | x |
| 2025-12-31 | ₫41795.03 | ₫51500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phu Tai 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): 15.64%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.87%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 2.00x
- Recent ROE (15.64%) is below the historical average (16.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 18.64% | 6.40% | 1.17x | 2.48x | ₫166.21 Billion |
| 2021 | 22.06% | 7.88% | 1.20x | 2.34x | ₫279.77 Billion |
| 2022 | 18.13% | 7.08% | 1.31x | 1.95x | ₫218.57 Billion |
| 2023 | 9.35% | 4.59% | 1.06x | 1.92x | ₫-18.00 Billion |
| 2024 | 12.70% | 5.70% | 1.18x | 1.89x | ₫78.29 Billion |
| 2025 | 15.64% | 6.87% | 1.14x | 2.00x | ₫180.87 Billion |
Industry Comparison
This section compares Phu Tai JSC's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $14,428,451,370,202
- Average return on equity (ROE) among peers: 5.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Phu Tai JSC (PTB) | ₫3.35 Trillion | 18.64% | 0.91x | $87.31 Million |
| Bamboo Capital JSC (BCG) | $32.96 Trillion | 0.64% | 0.00x | $65.87 Million |
| Duc Long Gia Lai Group JSC (DLG) | $751.87 Billion | 27.65% | 4.78x | $979.26 |
| Masan Group Corp (MSN) | $40.75 Trillion | 4.91% | 2.62x | $3.86 Billion |
| Ocean Group JSC (OGC) | $1.01 Trillion | -7.49% | 1.89x | $28.89 Million |
| Sam Holdings Corp (SAM) | $3.47 Trillion | 2.67% | 0.63x | $98.81 Million |
| Vietnam Construction and Import Export JSC (VCG) | $7.63 Trillion | 5.17% | 3.06x | $306.22 Million |