Southern Fertilizer JSC
The Southern Fertilizer Joint Stock Company manufactures and distributes chemicals and fertilizers in Vietnam. The company involves in production of fertilizer; sulfuric acid, and other chemical products; buying and selling equipment, machinery, spare parts, and raw materials for fertilizer and chemical production; fabrication and installation of equipment and chemical production lines; packaging… Read more
Southern Fertilizer JSC (SFG) - Net Assets
Latest net assets as of December 2025: ₫653.35 Billion VND
Based on the latest financial reports, Southern Fertilizer JSC (SFG) has net assets worth ₫653.35 Billion VND as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫1.77 Trillion) and total liabilities (₫1.12 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 | ₫653.35 Billion |
| % of Total Assets | 36.87% |
| Annual Growth Rate | 2.7% |
| 5-Year Change | 11.94% |
| 10-Year Change | N/A |
| Growth Volatility | 2.67 |
Southern Fertilizer JSC - Net Assets Trend (2019–2025)
This chart illustrates how Southern Fertilizer 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 Southern Fertilizer JSC (2019–2025)
The table below shows the annual net assets of Southern Fertilizer JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫653.35 Billion | +0.62% |
| 2024-12-31 | ₫649.30 Billion | -0.65% |
| 2023-12-31 | ₫653.54 Billion | +6.24% |
| 2022-12-31 | ₫615.13 Billion | +5.39% |
| 2021-12-31 | ₫583.66 Billion | +4.33% |
| 2020-12-31 | ₫559.42 Billion | +0.48% |
| 2019-12-31 | ₫556.73 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Southern Fertilizer 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 28.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫50.51 Billion | 7.73% |
| Other Components | ₫602.84 Billion | 92.27% |
| Total Equity | ₫653.35 Billion | 100.00% |
Southern Fertilizer JSC Competitors by Market Cap
The table below lists competitors of Southern Fertilizer JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cathay No.1 REIT
TW:01002T
|
$3.92K |
|
Real Estate 11
VN:D11
|
$3.92K |
|
Detalion Games S.A.
WAR:DEG
|
$3.93K |
|
MobileSmith Inc.
PINK:MOSTQ
|
$3.93K |
|
National Silk and Rayon Mills Limited
KAR:NSRM
|
$3.91K |
|
CREATIVE TECHNOLOGY (CTL.SG)
STU:CTL
|
$3.91K |
|
Viet Nam Construction JSC No 12
VN:V12
|
$3.91K |
|
BAMBURI CEMENT PLC
XNAI:BAMBURI
|
$3.90K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Southern Fertilizer JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 649,304,859,482 to 653,345,932,498, a change of 4,041,073,016 (0.6%).
- Net income of 30,826,033,015 contributed positively to equity growth.
- Dividend payments of 23,840,853,800 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫30.83 Billion | +4.72% |
| Dividends Paid | ₫23.84 Billion | -3.65% |
| Other Changes | ₫-2.94 Billion | -0.45% |
| Total Change | ₫- | 0.62% |
Book Value vs Market Value Analysis
This analysis compares Southern Fertilizer 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: 0.81x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.95x to 0.81x 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 | ₫11623.41 | ₫11000.00 | x |
| 2020-12-31 | ₫11679.50 | ₫11000.00 | x |
| 2021-12-31 | ₫12185.73 | ₫11000.00 | x |
| 2022-12-31 | ₫12842.65 | ₫11000.00 | x |
| 2023-12-31 | ₫13644.62 | ₫11000.00 | x |
| 2024-12-31 | ₫13556.18 | ₫11000.00 | x |
| 2025-12-31 | ₫13640.55 | ₫11000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southern Fertilizer 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): 4.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.49%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 2.71x
- Recent ROE (4.72%) is above the historical average (4.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.28% | 0.09% | 1.50x | 1.95x | ₫-54.13 Billion |
| 2020 | 0.54% | 0.22% | 1.32x | 1.89x | ₫-52.92 Billion |
| 2021 | 6.27% | 1.73% | 1.48x | 2.45x | ₫-21.77 Billion |
| 2022 | 7.32% | 2.24% | 1.85x | 1.76x | ₫-16.48 Billion |
| 2023 | 8.69% | 3.64% | 1.25x | 1.90x | ₫-8.53 Billion |
| 2024 | 3.96% | 1.61% | 1.16x | 2.13x | ₫-39.25 Billion |
| 2025 | 4.72% | 1.49% | 1.17x | 2.71x | ₫-34.51 Billion |
Industry Comparison
This section compares Southern Fertilizer JSC's net assets metrics with peer companies in the Agricultural Inputs industry.
Industry Context
- Industry: Agricultural Inputs
- Average net assets among peers: $4,077,492,545,936
- Average return on equity (ROE) among peers: 12.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southern Fertilizer JSC (SFG) | ₫653.35 Billion | 0.28% | 1.71x | $3.91K |
| Binh Dien Fertilizer JSC (BFC) | $1.36 Trillion | 11.01% | 2.16x | $23.39K |
| Petrovietnam Camau Fertilizer (DCM) | $9.96 Trillion | 11.13% | 0.53x | $225.60 Million |
| Viet Nam Fumigation JSC (VFG) | $908.90 Billion | 15.65% | 1.51x | $84.05 Million |