Southeast Asia Commercial JS Bank
Southeast Asia Commercial Joint Stock Bank provides retail and corporate banking products and services in Vietnam. It offers payment, business, payroll, current, and savings accounts; periodic, term, and prepaid interest deposits, as well as deposits with withdrawal option; escrow services; instalment, women's union, overdraft, livestock, teacher, civil servant, and unsecured business loans; home… Read more
Southeast Asia Commercial JS Bank (SSB) - Net Assets
Latest net assets as of December 2025: ₫40.37 Trillion VND
Based on the latest financial reports, Southeast Asia Commercial JS Bank (SSB) has net assets worth ₫40.37 Trillion VND as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫396.44 Trillion) and total liabilities (₫356.07 Trillion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫40.37 Trillion |
| % of Total Assets | 10.18% |
| Annual Growth Rate | 24.19% |
| 5-Year Change | 116.32% |
| 10-Year Change | N/A |
| Growth Volatility | 11.38 |
Southeast Asia Commercial JS Bank - Net Assets Trend (2020–2025)
This chart illustrates how Southeast Asia Commercial JS Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Southeast Asia Commercial JS Bank (2020–2025)
The table below shows the annual net assets of Southeast Asia Commercial JS Bank from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫40.37 Trillion | +15.34% |
| 2024-12-31 | ₫35.00 Trillion | +15.53% |
| 2023-12-31 | ₫30.30 Trillion | +15.49% |
| 2022-12-31 | ₫26.23 Trillion | +40.56% |
| 2021-12-31 | ₫18.66 Trillion | +36.52% |
| 2020-12-31 | ₫13.67 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Southeast Asia Commercial JS 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 629.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫8.22 Trillion | 20.36% |
| Other Components | ₫32.15 Trillion | 79.64% |
| Total Equity | ₫40.37 Trillion | 100.00% |
Southeast Asia Commercial JS Bank Competitors by Market Cap
The table below lists competitors of Southeast Asia Commercial JS Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Megacable Holdings S. A. B. de C. V
PINK:MHSDF
|
$1.67 Billion |
|
SSP Group PLC
PINK:SSPPF
|
$1.67 Billion |
|
Sarepta Therapeutics Inc
NASDAQ:SRPT
|
$1.67 Billion |
|
ENTERPRISE FINL DL-01
F:GV9
|
$1.67 Billion |
|
Skyward Specialty Insurance Group, Inc. Common Stock
NASDAQ:SKWD
|
$1.67 Billion |
|
OFG Bancorp
NYSE:OFG
|
$1.67 Billion |
|
Asmodee Group AB (publ)
F:2EX
|
$1.67 Billion |
|
Getac Technology Corp
TW:3005
|
$1.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Southeast Asia Commercial JS Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 35,002,855,000,000 to 40,372,594,000,000, a change of 5,369,739,000,000 (15.3%).
- Net income of 5,509,539,000,000 contributed positively to equity growth.
- New share issuances of 100,000,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫5.51 Trillion | +13.65% |
| Share Issuances | ₫100.00 Billion | +0.25% |
| Other Changes | ₫-239.80 Billion | -0.59% |
| Total Change | ₫- | 15.34% |
Book Value vs Market Value Analysis
This analysis compares Southeast Asia Commercial JS 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: 1.17x
- 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 3.03x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₫5503.00 | ₫16650.00 | x |
| 2022-12-31 | ₫9411.38 | ₫16650.00 | x |
| 2023-12-31 | ₫10686.72 | ₫16650.00 | x |
| 2024-12-31 | ₫12346.69 | ₫16650.00 | x |
| 2025-12-31 | ₫14190.72 | ₫16650.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southeast Asia Commercial JS 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): 13.65%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.22%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 9.82x
- Recent ROE (13.65%) is above the historical average (13.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 9.95% | 28.37% | 0.03x | 13.18x | ₫-6.57 Billion |
| 2021 | 13.97% | 36.60% | 0.03x | 11.34x | ₫740.19 Billion |
| 2022 | 15.45% | 41.92% | 0.04x | 8.82x | ₫1.43 Trillion |
| 2023 | 12.14% | 38.96% | 0.04x | 8.78x | ₫647.27 Billion |
| 2024 | 13.76% | 40.69% | 0.04x | 9.30x | ₫1.32 Trillion |
| 2025 | 13.65% | 39.22% | 0.04x | 9.82x | ₫1.47 Trillion |
Industry Comparison
This section compares Southeast Asia Commercial JS Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $58,925,092,492,592
- Average return on equity (ROE) among peers: 16.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southeast Asia Commercial JS Bank (SSB) | ₫40.37 Trillion | 9.95% | 8.82x | $1.67 Billion |
| Asia Commercial Bank (ACB) | $58.44 Trillion | 23.42% | 9.40x | $4.64 Billion |
| Joint Stock Commercial Bank for Investment and Development of Vietnam (BID) | $77.65 Trillion | 10.78% | 18.19x | $11.18 Billion |
| Vietnam JSCmmercial Bank for Industry and Trade (CTG) | $77.35 Trillion | 12.23% | 15.04x | $1.66 Billion |
| Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) | $24.70 Trillion | 17.20% | 11.92x | $4.29 Billion |
| Lien Viet Post Joint Stock Commercial Bank (LPB) | $43.34 Trillion | 22.43% | 10.73x | $4.91 Billion |
| Military Commercial Joint Stock Bank (MBB) | $142.02 Trillion | 18.86% | 10.38x | $8.27 Billion |
| Orient Commercial JS Bank (OCB) | $31.67 Trillion | 10.02% | 7.86x | $1.08 Billion |
| Sai Gon Ha Noi Commercial Joint Stock Bank (SHB) | $42.90 Trillion | 18.01% | 11.84x | $2.32 Billion |
| Tien Phong Commercial Joint Stock Bank (TPB) | $32.24 Trillion | 19.42% | 9.19x | $1.70 Billion |