Southern Hydropower JSC (SHP) - Net Assets
Based on the latest financial reports, Southern Hydropower JSC (SHP) has net assets worth ₫1.31 Trillion VND (≈ $49.60 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 (₫1.36 Trillion ≈ $51.62 Million USD) and total liabilities (₫53.29 Billion ≈ $2.02 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 tangible net worth ratio of Southern Hydropower JSC to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫1.31 Trillion |
| % of Total Assets | 96.08% |
| Annual Growth Rate | 1.48% |
| 5-Year Change | 2.42% |
| 10-Year Change | N/A |
| Growth Volatility | 9.79 |
Southern Hydropower JSC - Net Assets Trend (2019–2025)
This chart illustrates how Southern Hydropower JSC's net assets have evolved over time, based on quarterly financial data. See how many days can Southern Hydropower JSC fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Southern Hydropower JSC (2019–2025)
The table below shows the annual net assets of Southern Hydropower JSC from 2019 to 2025. For live valuation and market cap data, see Southern Hydropower JSC (SHP) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.37 Trillion ≈ $52.02 Million |
+2.27% |
| 2024-12-31 | ₫1.34 Trillion ≈ $50.86 Million |
-1.30% |
| 2023-12-31 | ₫1.36 Trillion ≈ $51.53 Million |
-6.28% |
| 2022-12-31 | ₫1.45 Trillion ≈ $54.99 Million |
+8.27% |
| 2021-12-31 | ₫1.34 Trillion ≈ $50.79 Million |
+19.25% |
| 2020-12-31 | ₫1.12 Trillion ≈ $42.59 Million |
-10.57% |
| 2019-12-31 | ₫1.25 Trillion ≈ $47.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Southern Hydropower 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 grown by 3.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫328.68 Billion | 24.01% |
| Other Components | ₫1.04 Trillion | 75.99% |
| Total Equity | ₫1.37 Trillion | 100.00% |
Southern Hydropower JSC Competitors by Market Cap
The table below lists competitors of Southern Hydropower JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PPX Mining Corp
V:PPX
|
$125.78 Million |
|
Founding Construction Development Co Ltd
TW:5533
|
$125.81 Million |
|
Wallbridge Mining Company Limited
TO:WM
|
$125.82 Million |
|
Heritage Distilling Holding Company, Inc. Common Stock
NASDAQ:CASK
|
$125.83 Million |
|
RiverNorth Managed Duration Municipal Income Fund II Inc.
NYSE:RMMZ
|
$125.73 Million |
|
BARKBY GRP PLC LS 000860
F:3WY
|
$125.67 Million |
|
Resources Connection Inc
F:RCO
|
$125.65 Million |
|
Quintain Steel Co Ltd
TW:2017
|
$125.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Southern Hydropower JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,338,684,555,362 to 1,369,076,990,521, a change of 30,392,435,159 (2.3%).
- Net income of 298,288,604,232 contributed positively to equity growth.
- Dividend payments of 251,610,126,800 reduced retained earnings.
- Other factors decreased equity by 16,286,042,273.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫298.29 Billion | +21.79% |
| Dividends Paid | ₫251.61 Billion | -18.38% |
| Other Changes | ₫-16.29 Billion | -1.19% |
| Total Change | ₫- | 2.27% |
Book Value vs Market Value Analysis
This analysis compares Southern Hydropower 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: 2.42x
- 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 2.64x to 2.42x 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 | ₫12384.04 | ₫32700.00 | x |
| 2020-12-31 | ₫11074.82 | ₫32700.00 | x |
| 2021-12-31 | ₫13207.23 | ₫32700.00 | x |
| 2022-12-31 | ₫14299.78 | ₫32700.00 | x |
| 2023-12-31 | ₫13401.69 | ₫32700.00 | x |
| 2024-12-31 | ₫13227.28 | ₫32700.00 | x |
| 2025-12-31 | ₫13527.58 | ₫32700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southern Hydropower 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): 21.79%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.06%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.07x
- Recent ROE (21.79%) is above the historical average (18.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 17.27% | 33.66% | 0.31x | 1.66x | ₫91.09 Billion |
| 2020 | 5.66% | 14.77% | 0.24x | 1.63x | ₫-48.67 Billion |
| 2021 | 19.84% | 40.31% | 0.36x | 1.37x | ₫131.47 Billion |
| 2022 | 22.18% | 43.03% | 0.42x | 1.22x | ₫176.31 Billion |
| 2023 | 20.30% | 41.63% | 0.43x | 1.14x | ₫139.65 Billion |
| 2024 | 22.11% | 47.13% | 0.43x | 1.08x | ₫162.06 Billion |
| 2025 | 21.79% | 46.06% | 0.44x | 1.07x | ₫161.38 Billion |
Industry Comparison
This section compares Southern Hydropower JSC's net assets metrics with peer companies in the Utilities - Diversified industry.
No peer company data available for comparison.
About Southern Hydropower JSC
Southern Hydropower Joint Stock Company engages in the construction, production, installation, operation, transmission, and distribution of hydropower plants in Vietnam. It owns and operates hydropower plants, including Da M'bri plant with installed capacity of 75 MW, Da Dang 2 plant with installed capacity of 34 MW, and Da Siat plant with installed capacity of 13.5 MW. The company was founded in… Read more