Sai Gon Ha Noi Commercial Joint Stock Bank (SHB) - Net Assets
Based on the latest financial reports, Sai Gon Ha Noi Commercial Joint Stock Bank (SHB) has net assets worth ₫71.72 Trillion VND (≈ $2.73 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫930.98 Trillion ≈ $35.37 Billion USD) and total liabilities (₫859.26 Trillion ≈ $32.65 Billion 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 SHB PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫71.72 Trillion |
| % of Total Assets | 7.7% |
| Annual Growth Rate | 24.25% |
| 5-Year Change | 91.75% |
| 10-Year Change | N/A |
| Growth Volatility | 11.34 |
Sai Gon Ha Noi Commercial Joint Stock Bank - Net Assets Trend (2019–2025)
This chart illustrates how Sai Gon Ha Noi Commercial Joint Stock Bank's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Sai Gon Ha Noi Commercial Joint Stock Ba (SHB) market capitalisation.
Annual Net Assets for Sai Gon Ha Noi Commercial Joint Stock Bank (2019–2025)
The table below shows the annual net assets of Sai Gon Ha Noi Commercial Joint Stock Bank from 2019 to 2025. Also explore SHB net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫68.13 Trillion ≈ $2.59 Billion |
+17.33% |
| 2024-12-31 | ₫58.07 Trillion ≈ $2.21 Billion |
+15.91% |
| 2023-12-31 | ₫50.10 Trillion ≈ $1.90 Billion |
+16.77% |
| 2022-12-31 | ₫42.90 Trillion ≈ $1.63 Billion |
+20.75% |
| 2021-12-31 | ₫35.53 Trillion ≈ $1.35 Billion |
+47.83% |
| 2020-12-31 | ₫24.04 Trillion ≈ $913.23 Million |
+29.87% |
| 2019-12-31 | ₫18.51 Trillion ≈ $703.17 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sai Gon Ha Noi Commercial Joint Stock Bank'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 81.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫11.64 Trillion | 17.09% |
| Other Components | ₫56.49 Trillion | 82.91% |
| Total Equity | ₫68.13 Trillion | 100.00% |
Sai Gon Ha Noi Commercial Joint Stock Bank Competitors by Market Cap
The table below lists competitors of Sai Gon Ha Noi Commercial Joint Stock Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Hopewind Elec Co Ltd
SHG:603063
|
$2.04 Billion |
|
Huabao Flavours & Fragrances Co Ltd Class A
SHE:300741
|
$2.04 Billion |
|
Alamo Group Inc
NYSE:ALG
|
$2.04 Billion |
|
The Bancorp Inc
NASDAQ:TBBK
|
$2.04 Billion |
|
OKE Precision Cutting Tools Co. Ltd. A
SHG:688308
|
$2.04 Billion |
|
LegoChem Biosciences Inc
KQ:141080
|
$2.04 Billion |
|
Western Union Co
NYSE:WU
|
$2.04 Billion |
|
Inno Laser Technology Co. Ltd.
SHE:301021
|
$2.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sai Gon Ha Noi Commercial Joint Stock Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 58,067,344,000,000 to 68,130,938,000,000, a change of 10,063,594,000,000 (17.3%).
- Net income of 11,960,295,000,000 contributed positively to equity growth.
- Dividend payments of 2,011,887,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫11.96 Trillion | +17.55% |
| Dividends Paid | ₫2.01 Trillion | -2.95% |
| Other Changes | ₫115.19 Billion | +0.17% |
| Total Change | ₫- | 17.33% |
Book Value vs Market Value Analysis
This analysis compares Sai Gon Ha Noi Commercial Joint Stock Bank'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 0.99x 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 | ₫11566.94 | ₫11500.00 | x |
| 2020-12-31 | ₫18162.04 | ₫11500.00 | x |
| 2021-12-31 | ₫9818.23 | ₫11500.00 | x |
| 2022-12-31 | ₫11855.58 | ₫11500.00 | x |
| 2023-12-31 | ₫10858.61 | ₫11500.00 | x |
| 2024-12-31 | ₫12436.35 | ₫11500.00 | x |
| 2025-12-31 | ₫14591.87 | ₫11500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sai Gon Ha Noi Commercial Joint Stock Bank 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): 17.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 48.31%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 13.09x
- Recent ROE (17.55%) is above the historical average (14.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 13.06% | 26.13% | 0.03x | 19.74x | ₫567.15 Billion |
| 2020 | 10.85% | 21.39% | 0.03x | 17.17x | ₫203.39 Billion |
| 2021 | 14.09% | 28.18% | 0.04x | 14.26x | ₫1.45 Trillion |
| 2022 | 18.01% | 41.22% | 0.03x | 12.84x | ₫3.44 Trillion |
| 2023 | 14.62% | 34.56% | 0.03x | 12.59x | ₫2.31 Trillion |
| 2024 | 16.05% | 40.09% | 0.03x | 12.87x | ₫3.52 Trillion |
| 2025 | 17.55% | 48.31% | 0.03x | 13.09x | ₫5.15 Trillion |
Industry Comparison
This section compares Sai Gon Ha Noi Commercial Joint Stock Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $61,437,019,555,556
- Average return on equity (ROE) among peers: 16.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sai Gon Ha Noi Commercial Joint Stock Bank (SHB) | ₫71.72 Trillion | 13.06% | 11.98x | $2.04 Billion |
| Asia Commercial Bank (ACB) | $44.90 Trillion | 21.39% | 10.75x | $4.41 Billion |
| Joint Stock Commercial Bank for Investment and Development of Vietnam (BID) | $77.65 Trillion | 10.78% | 18.19x | $9.70 Billion |
| Vietnam JSCmmercial Bank for Industry and Trade (CTG) | $148.50 Trillion | 17.07% | 15.06x | $9.10 Billion |
| Vietnam Export Import Commercial Joint Stock Bank (EIB) | $16.82 Trillion | 6.36% | 8.54x | $1.14 Billion |
| Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) | $38.99 Trillion | 19.87% | 9.68x | $5.15 Billion |
| Lien Viet Post Joint Stock Commercial Bank (LPB) | $16.80 Trillion | 17.10% | 16.21x | $5.28 Billion |
| Military Commercial Joint Stock Bank (MBB) | $50.10 Trillion | 16.49% | 8.88x | $7.14 Billion |
| Sai Gon Thuong Tin Commercial Joint Stock Bank (STB) | $45.73 Trillion | 16.88% | 13.75x | $5.43 Billion |
| Vietnam Technological And Commercial Joint Stock Bank (TCB) | $113.42 Trillion | 18.70% | 5.16x | $8.74 Billion |
About Sai Gon Ha Noi Commercial Joint Stock Bank
Saigon - Hanoi Commercial Joint Stock Bank, together with its subsidiaries, provides various banking products and services to individuals and organizations in Vietnam and internationally. It operates through the Credit, Investment, Services, and Treasury segments. The company offers demand, term, and savings deposits; sporting, securities, payment, and current accounts; debit and credit cards; ca… Read more