Sai Gon Ground Services JSC (SGN) - Net Assets
Based on the latest financial reports, Sai Gon Ground Services JSC (SGN) has net assets worth ₫1.37 Trillion VND (≈ $52.16 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 (₫1.73 Trillion ≈ $65.83 Million USD) and total liabilities (₫360.00 Billion ≈ $13.68 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 Sai Gon Ground Services JSC liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫1.37 Trillion |
| % of Total Assets | 79.22% |
| Annual Growth Rate | 13.74% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.23 |
Sai Gon Ground Services JSC - Net Assets Trend (2021–2025)
This chart illustrates how Sai Gon Ground Services JSC's net assets have evolved over time, based on quarterly financial data. Also explore SGN total assets for the complete picture of this company's asset base.
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 valuation and market cap data, see SGN market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.37 Trillion ≈ $52.16 Million |
+14.74% |
| 2024-12-31 | ₫1.20 Trillion ≈ $45.45 Million |
+18.18% |
| 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 21.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫323.63 Billion | 27.39% |
| Other Components | ₫857.91 Billion | 72.61% |
| Total Equity | ₫1.18 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 |
|---|---|
|
Davicom Semiconductor Inc
TW:3094
|
$68.61 Million |
|
Taewoong Logistics Co.Ltd
KQ:124560
|
$68.62 Million |
|
Nexstim Oyj
HE:NXTMH
|
$68.65 Million |
|
BII Railway Transportation Technology Holdings Company Limited
F:CN6
|
$68.65 Million |
|
Hong Ho Precision Textile Co Ltd
TW:1446
|
$68.55 Million |
|
Astra Exploration Inc
V:ASTR
|
$68.53 Million |
|
Foodnamoo. Inc
KQ:290720
|
$68.50 Million |
|
Ihlas Holding AS
IS:IHLAS
|
$68.49 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 1,098,060,638,968 to 1,181,546,671,318, a change of 83,486,032,350 (7.6%).
- Net income of 208,179,895,462 contributed positively to equity growth.
- Dividend payments of 108,137,977,500 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 99,315,885,612.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫208.18 Billion | +17.62% |
| Dividends Paid | ₫108.14 Billion | -9.15% |
| Share Repurchases | ₫490.00 Million | -0.04% |
| Share Issuances | ₫83.25 Billion | +7.05% |
| Other Changes | ₫-99.32 Billion | -8.41% |
| Total Change | ₫- | 7.60% |
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: 1.53x
- 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 2.21x to 1.53x 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 | ₫53900.00 | x |
| 2023-12-31 | ₫27983.24 | ₫53900.00 | x |
| 2024-12-31 | ₫32745.10 | ₫53900.00 | x |
| 2025-12-31 | ₫35271.53 | ₫53900.00 | 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): 17.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.06%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.47x
- Recent ROE (17.62%) is below the historical average (18.06%), suggesting potential challenges in 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 | 24.67% | 17.84% | 1.02x | 1.36x | ₫161.10 Billion |
| 2025 | 17.62% | 14.06% | 0.85x | 1.47x | ₫90.03 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) | ₫1.37 Trillion | 6.91% | 0.26x | $68.60 Million |
| Taseco Air Services JSC (AST) | $587.72 Billion | 19.67% | 0.30x | $121.05 Million |
| Sai Gon Cargo Service Corp (SCS) | $1.02 Trillion | 45.72% | 0.08x | $189.27 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 passenger, ramp, baggage, aircraft appearance, load control and flight, cargo, training, aviation IT support, line maintenance, and other support services. It also offers workshop services for ground support equipment. Sa… Read more