Refrigeration Electrical Engineering Corp (REE) - Net Assets
Based on the latest financial reports, Refrigeration Electrical Engineering Corp (REE) has net assets worth ₫24.80 Trillion VND (≈ $942.12 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 (₫40.07 Trillion ≈ $1.52 Billion USD) and total liabilities (₫15.28 Trillion ≈ $580.48 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 how resilient are Refrigeration Electrical Engineering Cor's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫24.80 Trillion |
| % of Total Assets | 61.88% |
| Annual Growth Rate | 14.33% |
| 5-Year Change | 51.59% |
| 10-Year Change | N/A |
| Growth Volatility | 9.17 |
Refrigeration Electrical Engineering Corp - Net Assets Trend (2019–2025)
This chart illustrates how Refrigeration Electrical Engineering Corp's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Refrigeration Electrical Engineering Cor for the complete picture of this company's asset base.
Annual Net Assets for Refrigeration Electrical Engineering Corp (2019–2025)
The table below shows the annual net assets of Refrigeration Electrical Engineering Corp from 2019 to 2025. For live valuation and market cap data, see how much is Refrigeration Electrical Engineering Cor worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫24.80 Trillion ≈ $942.11 Million |
+10.43% |
| 2024-12-31 | ₫22.45 Trillion ≈ $853.15 Million |
+8.11% |
| 2023-12-31 | ₫20.77 Trillion ≈ $789.14 Million |
+8.16% |
| 2022-12-31 | ₫19.20 Trillion ≈ $729.62 Million |
+17.40% |
| 2021-12-31 | ₫16.36 Trillion ≈ $621.50 Million |
+33.94% |
| 2020-12-31 | ₫12.21 Trillion ≈ $464.01 Million |
+10.01% |
| 2019-12-31 | ₫11.10 Trillion ≈ $421.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Refrigeration Electrical Engineering Corp'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 125.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫14.10 Trillion | 67.33% |
| Other Components | ₫6.84 Trillion | 32.67% |
| Total Equity | ₫20.95 Trillion | 100.00% |
Refrigeration Electrical Engineering Corp Competitors by Market Cap
The table below lists competitors of Refrigeration Electrical Engineering Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Betsson AB
ST:BETS-B
|
$1.24 Billion |
|
Alimak Hek Group AB
ST:ALIG
|
$1.24 Billion |
|
Kontron AG
VI:KTN
|
$1.24 Billion |
|
Olo Inc
NYSE:OLO
|
$1.24 Billion |
|
Dowlais Group Plc
LSE:DWL
|
$1.24 Billion |
|
Tilaknagar Industries Limited
NSE:TI
|
$1.24 Billion |
|
Godrej Agrovet Limited
NSE:GODREJAGRO
|
$1.24 Billion |
|
Vimeo Inc
NASDAQ:VMEO
|
$1.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Refrigeration Electrical Engineering Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,900,092,813,228 to 20,945,850,281,997, a change of 2,045,757,468,769 (10.8%).
- Net income of 2,529,125,816,261 contributed positively to equity growth.
- Dividend payments of 469,360,426,306 reduced retained earnings.
- New share issuances of 85,712,048,558 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫2.53 Trillion | +12.07% |
| Dividends Paid | ₫469.36 Billion | -2.24% |
| Share Issuances | ₫85.71 Billion | +0.41% |
| Other Changes | ₫-99.72 Billion | -0.48% |
| Total Change | ₫- | 10.82% |
Book Value vs Market Value Analysis
This analysis compares Refrigeration Electrical Engineering Corp'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.
- The price-to-book ratio has decreased from 3.15x to 1.56x 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 | ₫19172.77 | ₫60300.00 | x |
| 2020-12-31 | ₫21188.38 | ₫60300.00 | x |
| 2021-12-31 | ₫24609.04 | ₫60300.00 | x |
| 2022-12-31 | ₫32990.67 | ₫60300.00 | x |
| 2023-12-31 | ₫32039.99 | ₫60300.00 | x |
| 2024-12-31 | ₫34892.56 | ₫60300.00 | x |
| 2025-12-31 | ₫38669.87 | ₫60300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Refrigeration Electrical Engineering Corp 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): 12.07%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.26%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.91x
- Recent ROE (12.07%) is below the historical average (13.79%), 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 | 15.76% | 33.52% | 0.25x | 1.89x | ₫599.19 Billion |
| 2020 | 14.22% | 28.87% | 0.27x | 1.79x | ₫482.78 Billion |
| 2021 | 13.95% | 31.93% | 0.18x | 2.39x | ₫524.88 Billion |
| 2022 | 17.36% | 28.73% | 0.28x | 2.19x | ₫1.14 Trillion |
| 2023 | 12.64% | 25.53% | 0.25x | 2.02x | ₫456.51 Billion |
| 2024 | 10.55% | 23.78% | 0.23x | 1.92x | ₫103.38 Billion |
| 2025 | 12.07% | 25.26% | 0.25x | 1.91x | ₫434.54 Billion |
Industry Comparison
This section compares Refrigeration Electrical Engineering Corp's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $4,477,943,033,604
- Average return on equity (ROE) among peers: 11.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Refrigeration Electrical Engineering Corp (REE) | ₫24.80 Trillion | 15.76% | 0.62x | $1.24 Billion |
| Ho Chi Minh City Infrastructure Investment JSC (CII) | $9.12 Trillion | 2.82% | 3.02x | $458.26 Million |
| Cotec Construction JSC (CTD) | $8.59 Trillion | 3.60% | 1.66x | $351.23 Million |
| Viettel Construction JSC (CTR) | $867.06 Billion | 21.79% | 1.82x | $373.32 Million |
| Dat Phuong JSC (DPG) | $2.21 Trillion | 17.37% | 1.78x | $171.38 Million |
| Fecon Foundation Engineering and Underground Construction JSC (FCN) | $2.50 Trillion | 4.74% | 1.71x | $78.66 Million |
| Becamex Infrastructure Development JSC (IJC) | $2.07 Trillion | 17.87% | 2.21x | $242.79 Million |
| CII Bridges and Roads Investment JSC (LGC) | $6.17 Trillion | 8.27% | 2.81x | $522.27 Million |
| Tu Liem Urban Development JSC (NTL) | $1.07 Trillion | 21.89% | 0.52x | $76.93 Million |
| PC1 Group JSC (PC1) | $7.70 Trillion | 6.07% | 1.72x | $305.49 Million |
About Refrigeration Electrical Engineering Corp
Refrigeration Electrical Engineering Corporation, together with its subsidiaries, produces, transmits, and distributes renewable electricity using hydro, solar, and wind power in Vietnam. It operates through Mechanical and Refrigeration Electrical Engineering; Real Estate and Office Leasing; Power; and Water segments. The company offers mechanical and electrical engineering services (M&E), manufa… Read more