Southern Fertilizer JSC (SFG) - Net Assets
Based on the latest financial reports, Southern Fertilizer JSC (SFG) has net assets worth ₫668.44 Billion VND (≈ $25.40 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫1.98 Trillion ≈ $75.17 Million USD) and total liabilities (₫1.31 Trillion ≈ $49.77 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 Southern Fertilizer JSC (SFG) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫668.44 Billion |
| % of Total Assets | 33.79% |
| Annual Growth Rate | 2.84% |
| 5-Year Change | 12.87% |
| 10-Year Change | N/A |
| Growth Volatility | 2.52 |
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. See defensive interval ratio of Southern Fertilizer JSC to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see SFG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫658.78 Billion ≈ $25.03 Million |
+0.80% |
| 2024-12-31 | ₫653.53 Billion ≈ $24.83 Million |
0.00% |
| 2023-12-31 | ₫653.54 Billion ≈ $24.83 Million |
+6.24% |
| 2022-12-31 | ₫615.13 Billion ≈ $23.37 Million |
+5.39% |
| 2021-12-31 | ₫583.66 Billion ≈ $22.18 Million |
+4.33% |
| 2020-12-31 | ₫559.42 Billion ≈ $21.25 Million |
+0.48% |
| 2019-12-31 | ₫556.73 Billion ≈ $21.15 Million |
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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 20.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫55.95 Billion | 8.49% |
| Other Components | ₫602.84 Billion | 91.51% |
| Total Equity | ₫658.78 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 |
|---|---|
|
People's Garment Public Company Limited
BK:PG
|
$19.75 Million |
|
EnWave Corporation
V:ENW
|
$19.75 Million |
|
GETS Global Bhd
KLSE:5079
|
$19.75 Million |
|
Black Rock Mining Ltd
AU:BKT
|
$19.76 Million |
|
RENDER CUBE BSAC ZY -10
F:W63
|
$19.70 Million |
|
Lung Hwa Electronics Co Ltd
TW:2424
|
$19.70 Million |
|
A Dong Paint JSC
VN:ADP
|
$19.70 Million |
|
Invoicery Group AB
ST:FRILAN
|
$19.69 Million |
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 653,528,463,516 to 658,783,332,043, a change of 5,254,868,527 (0.8%).
- Net income of 32,039,828,526 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 | ₫32.04 Billion | +4.86% |
| Dividends Paid | ₫23.84 Billion | -3.62% |
| Other Changes | ₫-2.94 Billion | -0.45% |
| Total Change | ₫- | 0.80% |
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: 0.79x
- 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 0.93x to 0.79x 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 | ₫10850.00 | x |
| 2020-12-31 | ₫11679.50 | ₫10850.00 | x |
| 2021-12-31 | ₫12185.73 | ₫10850.00 | x |
| 2022-12-31 | ₫12842.65 | ₫10850.00 | x |
| 2023-12-31 | ₫13644.62 | ₫10850.00 | x |
| 2024-12-31 | ₫13644.36 | ₫10850.00 | x |
| 2025-12-31 | ₫13754.07 | ₫10850.00 | 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): 4.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.55%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 2.69x
- Recent ROE (4.86%) is above the historical average (4.65%), 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 | 4.58% | 1.87% | 1.15x | 2.12x | ₫-35.45 Billion |
| 2025 | 4.86% | 1.55% | 1.16x | 2.69x | ₫-33.84 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: $3,224,252,890,630
- Average return on equity (ROE) among peers: 17.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southern Fertilizer JSC (SFG) | ₫668.44 Billion | 0.28% | 1.96x | $19.74 Million |
| Binh Dien Fertilizer JSC (BFC) | $1.29 Trillion | 11.53% | 1.69x | $123.37 Million |
| Petrovietnam Camau Fertilizer (DCM) | $7.48 Trillion | 24.38% | 0.48x | $736.17 Million |
| Viet Nam Fumigation JSC (VFG) | $908.90 Billion | 15.65% | 1.51x | $75.04 Million |
About Southern Fertilizer JSC
The Southern Fertilizer Joint Stock Company manufactures and distributes chemicals and fertilizers in Vietnam. The company offers fertilizers, including phosphate, NPK, foliar, organic, urban agricultural, and various single fertilizers, as well as other fertilizers; PP and PE packaging; chemicals, such as axit, sulfur, and environmental treatment chemicals under the Eagle Fertilizer, LONG THANH,… Read more