Sai Gon Ground Services JSC Net Assets
Sai Gon Ground Services JSC net assets. Based on the latest financial reports, Sai Gon Ground Services JSC (SGN) has net assets worth ₫1.51 Trillion VND (≈ $57.38 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫2.00 Trillion ≈ $75.90 Million USD) and total liabilities (₫487.59 Billion ≈ $18.53 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. Also explore Sai Gon Ground Services JSC (SGN) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫1.51 Trillion |
| % of Total Assets | 75.59% |
| Annual Growth Rate | 7.66% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6.08 |
Net Assets of Sai Gon Ground Services JSC (2021–2025)
Net assets of Sai Gon Ground Services JSC from 2021 to 2025. This chart illustrates how Sai Gon Ground Services JSC's net assets have evolved over time, based on quarterly financial data. See Sai Gon Ground Services JSC (SGN) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Sai Gon Ground Services JSC (2021–2025)
The table below shows the annual net assets of Sai Gon Ground Services JSC from 2021 to 2025. For live market cap and overall valuation, see Sai Gon Ground Services JSC market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.10 Trillion ≈ $41.87 Million |
+7.85% |
| 2024-12-31 | ₫1.02 Trillion ≈ $38.82 Million |
+0.94% |
| 2023-12-31 | ₫1.01 Trillion ≈ $38.46 Million |
+17.45% |
| 2022-12-31 | ₫861.91 Billion ≈ $32.75 Million |
+5.07% |
| 2021-12-31 | ₫820.29 Billion ≈ $31.17 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sai Gon Ground Services 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 28.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Sai Gon Ground Services JSC Net Assets Breakdown (December 2025)
Sai Gon Ground Services JSC net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫292.72 Billion | 26.56% |
| Other Components | ₫809.34 Billion | 73.44% |
| Total Equity | ₫1.10 Trillion | 100.00% |
Sai Gon Ground Services JSC Competitors by Market Cap
The table below lists competitors of Sai Gon Ground Services JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kingfisher PLC
LSE:KGF
|
$74.48 Million |
|
Weir Group PLC
LSE:WEIR
|
$74.48 Million |
|
PT DFI Retail Nusantara Tbk
JK:HERO
|
$74.52 Million |
|
Microbot Medical Inc
NASDAQ:MBOT
|
$74.55 Million |
|
Choppies Enterprises Ltd
JSE:CHP
|
$74.45 Million |
|
Prospector Metals Corp
V:PPP
|
$74.42 Million |
|
Wellell Inc
TW:4106
|
$74.39 Million |
|
Dilli Illustrate Inc
KQ:131180
|
$74.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sai Gon Ground Services JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,021,832,071,972 to 1,102,058,010,884, a change of 80,225,938,912 (7.9%).
- Net income of 202,666,681,310 contributed positively to equity growth.
- Dividend payments of 83,746,477,500 reduced retained earnings.
- Share repurchases of 490,000,000 reduced equity.
- New share issuances of 83,250,000,000 increased equity.
- Other factors decreased equity by 121,454,264,898.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫202.67 Billion | +18.39% |
| Dividends Paid | ₫83.75 Billion | -7.6% |
| Share Repurchases | ₫490.00 Million | -0.04% |
| Share Issuances | ₫83.25 Billion | +7.55% |
| Other Changes | ₫-121.45 Billion | -11.02% |
| Total Change | ₫- | 7.85% |
Book Value vs Market Value Analysis
This analysis compares Sai Gon Ground Services 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: 1.78x
- 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 2.39x to 1.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₫24439.65 | ₫58500.00 | x |
| 2023-12-31 | ₫27983.24 | ₫58500.00 | x |
| 2024-12-31 | ₫30471.90 | ₫58500.00 | x |
| 2025-12-31 | ₫32898.64 | ₫58500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sai Gon Ground Services 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): 18.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.33%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.27x
- Recent ROE (18.39%) is above the historical average (18.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 6.91% | 10.98% | 0.52x | 1.21x | ₫-23.98 Billion |
| 2022 | 16.84% | 13.87% | 0.92x | 1.31x | ₫56.05 Billion |
| 2023 | 24.24% | 15.63% | 1.13x | 1.37x | ₫133.65 Billion |
| 2024 | 23.96% | 19.11% | 1.01x | 1.24x | ₫142.65 Billion |
| 2025 | 18.39% | 16.33% | 0.89x | 1.27x | ₫92.46 Billion |
Industry Comparison
This section compares Sai Gon Ground Services JSC's net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $801,726,596,343
- Average return on equity (ROE) among peers: 32.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sai Gon Ground Services JSC (SGN) | ₫1.51 Trillion | 6.91% | 0.32x | $74.46 Million |
| Taseco Air Services JSC (AST) | $587.72 Billion | 19.67% | 0.30x | $100.19 Million |
| Sai Gon Cargo Service Corp (SCS) | $1.02 Trillion | 45.72% | 0.08x | $143.12 Million |
About Sai Gon Ground Services JSC
Saigon Ground Services Joint Stock Company provides ground services to international and domestic airlines at Tan Son Nhat International Airport in Vietnam. The company provides direct manufacturing at airports and aerodromes; operation of infrastructures, facilities, and equipment of airports and aerodromes; maintenance services for aircrafts, aeronautical equipment and devices, and other techni… Read more