Song Da Urban & Industrial Zone Investment and Development JSC (SJS) - Net Assets
Based on the latest financial reports, Song Da Urban & Industrial Zone Investment and Development JSC (SJS) has net assets worth ₫3.45 Trillion VND (≈ $130.90 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 (₫7.88 Trillion ≈ $299.39 Million USD) and total liabilities (₫4.43 Trillion ≈ $168.49 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 asset resilience ratio of Song Da Urban & Industrial Zone Investme to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫3.45 Trillion |
| % of Total Assets | 43.72% |
| Annual Growth Rate | 7.48% |
| 5-Year Change | 56.69% |
| 10-Year Change | N/A |
| Growth Volatility | 7.12 |
Song Da Urban & Industrial Zone Investment and Development JSC - Net Assets Trend (2019–2025)
This chart illustrates how Song Da Urban & Industrial Zone Investment and Development JSC's net assets have evolved over time, based on quarterly financial data. Also explore SJS current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Song Da Urban & Industrial Zone Investment and Development JSC (2019–2025)
The table below shows the annual net assets of Song Da Urban & Industrial Zone Investment and Development JSC from 2019 to 2025. For live valuation and market cap data, see how much is Song Da Urban & Industrial Zone Investme worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫3.45 Trillion ≈ $130.90 Million |
+15.08% |
| 2024-12-31 | ₫2.99 Trillion ≈ $113.75 Million |
+8.41% |
| 2023-12-31 | ₫2.76 Trillion ≈ $104.92 Million |
+7.23% |
| 2022-12-31 | ₫2.58 Trillion ≈ $97.85 Million |
+17.13% |
| 2021-12-31 | ₫2.20 Trillion ≈ $83.54 Million |
+2.11% |
| 2020-12-31 | ₫2.15 Trillion ≈ $81.82 Million |
-3.66% |
| 2019-12-31 | ₫2.24 Trillion ≈ $84.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Song Da Urban & Industrial Zone Investment and Development 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 59.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫365.39 Billion | 10.65% |
| Other Components | ₫3.07 Trillion | 89.35% |
| Total Equity | ₫3.43 Trillion | 100.00% |
Song Da Urban & Industrial Zone Investment and Development JSC Competitors by Market Cap
The table below lists competitors of Song Da Urban & Industrial Zone Investment and Development JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ashapura Minechem Limited
NSE:ASHAPURMIN
|
$652.18 Million |
|
Beijing Dinghan Tech Co
SHE:300011
|
$652.18 Million |
|
Hailir Pesticides and Chemicals Group Co Ltd
SHG:603639
|
$652.35 Million |
|
Arizona Sonoran Copper Company Inc
TO:ASCU
|
$652.36 Million |
|
Intellian Technologies Inc
KQ:189300
|
$651.92 Million |
|
Hubei Kailong Chemical Group Co Ltd
SHE:002783
|
$651.80 Million |
|
Udemy Inc
NASDAQ:UDMY
|
$651.67 Million |
|
Shandong Sinobioway Biomedicine Co Ltd
SHE:002581
|
$651.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Song Da Urban & Industrial Zone Investment and Development JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,978,191,654,420 to 3,430,500,180,124, a change of 452,308,525,704 (15.2%).
- Net income of 361,321,074,397 contributed positively to equity growth.
- Dividend payments of 46,550,000 reduced retained earnings.
- Share repurchases of 227,585,350 reduced equity.
- New share issuances of 91,034,140,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫361.32 Billion | +10.53% |
| Dividends Paid | ₫46.55 Million | -0.0% |
| Share Repurchases | ₫227.59 Million | -0.01% |
| Share Issuances | ₫91.03 Billion | +2.65% |
| Other Changes | ₫227.45 Million | +0.01% |
| Total Change | ₫- | 15.19% |
Book Value vs Market Value Analysis
This analysis compares Song Da Urban & Industrial Zone Investment and Development 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: 5.00x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.98x to 5.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫19368.48 | ₫57700.00 | x |
| 2020-12-31 | ₫18561.16 | ₫57700.00 | x |
| 2021-12-31 | ₫18801.62 | ₫57700.00 | x |
| 2022-12-31 | ₫22114.85 | ₫57700.00 | x |
| 2023-12-31 | ₫9178.29 | ₫57700.00 | x |
| 2024-12-31 | ₫10095.75 | ₫57700.00 | x |
| 2025-12-31 | ₫11532.07 | ₫57700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Song Da Urban & Industrial Zone Investment and Development 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): 10.53%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 48.13%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.30x
- Recent ROE (10.53%) is above the historical average (5.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 4.75% | 15.07% | 0.10x | 3.02x | ₫-115.75 Billion |
| 2020 | 1.45% | 2.69% | 0.16x | 3.33x | ₫-180.84 Billion |
| 2021 | 3.02% | 8.67% | 0.11x | 3.24x | ₫-149.37 Billion |
| 2022 | 4.75% | 31.51% | 0.06x | 2.69x | ₫-132.20 Billion |
| 2023 | 6.85% | 44.55% | 0.06x | 2.76x | ₫-85.42 Billion |
| 2024 | 9.02% | 41.56% | 0.08x | 2.63x | ₫-29.31 Billion |
| 2025 | 10.53% | 48.13% | 0.10x | 2.30x | ₫18.27 Billion |
Industry Comparison
This section compares Song Da Urban & Industrial Zone Investment and Development JSC's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $24,076,955,482,109
- Average return on equity (ROE) among peers: 11.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Song Da Urban & Industrial Zone Investment and Development JSC (SJS) | ₫3.45 Trillion | 4.75% | 1.29x | $652.14 Million |
| Sao Mai Group Corp (ASM) | $6.87 Trillion | 6.92% | 1.56x | $87.10 Million |
| Century Land Joint Stock Company (CRE) | $2.04 Trillion | 14.37% | 0.86x | $135.12 Million |
| Hoang Quan Consulting Trading Service Real Estate Corp (HQC) | $5.39 Trillion | 0.63% | 0.54x | $57.18 Million |
| Kinh Bac City Development Share Holding Corp (KBC) | $17.85 Trillion | 8.55% | 0.96x | $1.21 Billion |
| 577 Investment Corp (NBB) | $1.77 Trillion | 18.53% | 1.32x | $67.74 Million |
| Sonadezi Chau Duc Shareholding Co (SZC) | $1.47 Trillion | 22.08% | 2.83x | $186.00 Million |
| Vingroup JSC (VIC) | $153.83 Trillion | 7.74% | 4.44x | $60.97 Billion |
| Van Phu - Invest Investment JSC (VPI) | $3.39 Trillion | 10.26% | 1.90x | $746.62 Million |
About Song Da Urban & Industrial Zone Investment and Development JSC
SJ Group Joint Stock Company engages in the investment, development, and trading in real estate properties in Vietnam. The company offers real estate services; and rendering services for housing, urban areas, and industrial park services. It also provides management and investment consulting; sports, entertainment, and recreational services of sports facilities, amusement parks, and theme parks; … Read more