Sai Gon Cargo Service Corp (SCS) - Net Assets
Based on the latest financial reports, Sai Gon Cargo Service Corp (SCS) has net assets worth ₫1.56 Trillion VND (≈ $59.33 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 (₫2.17 Trillion ≈ $82.29 Million USD) and total liabilities (₫604.22 Billion ≈ $22.96 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 SCS cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫1.56 Trillion |
| % of Total Assets | 72.1% |
| Annual Growth Rate | 8.98% |
| 5-Year Change | 25.0% |
| 10-Year Change | N/A |
| Growth Volatility | 9.92 |
Sai Gon Cargo Service Corp - Net Assets Trend (2020–2025)
This chart illustrates how Sai Gon Cargo Service Corp's net assets have evolved over time, based on quarterly financial data. Also explore Sai Gon Cargo Service Corp (SCS) total assets for the complete picture of this company's asset base.
Annual Net Assets for Sai Gon Cargo Service Corp (2020–2025)
The table below shows the annual net assets of Sai Gon Cargo Service Corp from 2020 to 2025. For live valuation and market cap data, see how much is Sai Gon Cargo Service Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.56 Trillion ≈ $59.33 Million |
+11.09% |
| 2024-12-31 | ₫1.41 Trillion ≈ $53.41 Million |
+5.00% |
| 2023-12-31 | ₫1.34 Trillion ≈ $50.87 Million |
-6.62% |
| 2022-12-31 | ₫1.43 Trillion ≈ $54.47 Million |
+14.75% |
| 2021-12-31 | ₫1.25 Trillion ≈ $47.47 Million |
+23.00% |
| 2020-12-31 | ₫1.02 Trillion ≈ $38.59 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sai Gon Cargo Service 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 33.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫526.24 Billion | 33.70% |
| Other Components | ₫1.04 Trillion | 66.30% |
| Total Equity | ₫1.56 Trillion | 100.00% |
Sai Gon Cargo Service Corp Competitors by Market Cap
The table below lists competitors of Sai Gon Cargo Service Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fasadgruppen Group AB
ST:FG
|
$189.29 Million |
|
Elicio Therapeutics Inc.
NASDAQ:ELTX
|
$189.30 Million |
|
Jalles Machado S/A
SA:JALL3
|
$189.34 Million |
|
LifeMD Inc
NASDAQ:LFMD
|
$189.41 Million |
|
Samsung C and T 1P Pref
KO:02826K
|
$189.27 Million |
|
Haad Thip Public Company Limited
BK:HTC
|
$189.17 Million |
|
AMA Group Limited
F:KC7
|
$189.11 Million |
|
Ajinomoto Malaysia Bhd
KLSE:2658
|
$188.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sai Gon Cargo Service Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,405,789,588,597 to 1,561,658,698,605, a change of 155,869,110,008 (11.1%).
- Net income of 751,067,501,754 contributed positively to equity growth.
- Dividend payments of 604,540,411,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫751.07 Billion | +48.09% |
| Dividends Paid | ₫604.54 Billion | -38.71% |
| Other Changes | ₫9.34 Billion | +0.6% |
| Total Change | ₫- | 11.09% |
Book Value vs Market Value Analysis
This analysis compares Sai Gon Cargo Service 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: 3.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.85x to 3.19x 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 | ₫10819.53 | ₫52500.00 | x |
| 2021-12-31 | ₫13307.72 | ₫52500.00 | x |
| 2023-12-31 | ₫14185.18 | ₫52500.00 | x |
| 2024-12-31 | ₫14815.41 | ₫52500.00 | x |
| 2025-12-31 | ₫16458.09 | ₫52500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sai Gon Cargo Service 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): 48.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 62.76%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.39x
- Recent ROE (48.09%) is above the historical average (45.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 45.72% | 67.03% | 0.63x | 1.08x | ₫362.84 Billion |
| 2021 | 45.11% | 67.17% | 0.59x | 1.13x | ₫438.66 Billion |
| 2022 | 45.07% | 75.93% | 0.55x | 1.09x | ₫502.78 Billion |
| 2023 | 37.22% | 70.70% | 0.41x | 1.27x | ₫364.43 Billion |
| 2024 | 49.28% | 66.82% | 0.55x | 1.35x | ₫552.25 Billion |
| 2025 | 48.09% | 62.76% | 0.55x | 1.39x | ₫594.90 Billion |
Industry Comparison
This section compares Sai Gon Cargo Service Corp's net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $704,005,400,566
- Average return on equity (ROE) among peers: 13.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sai Gon Cargo Service Corp (SCS) | ₫1.56 Trillion | 45.72% | 0.39x | $189.27 Million |
| Taseco Air Services JSC (AST) | $587.72 Billion | 19.67% | 0.30x | $121.05 Million |
| Sai Gon Ground Services JSC (SGN) | $820.29 Billion | 6.53% | 0.14x | $68.60 Million |
About Sai Gon Cargo Service Corp
Saigon Cargo Service Corporation operates cargo terminals in Vietnam. The company provides forwarding, loading, and unloading; aviation ground; vocational training; and storage services. It also leases, operates, and manages non-residential properties, such as offices, warehouses, wharves, yards, and spaces in buildings, as well as leases airplane parking lots. In addition, the company is involve… Read more