SSI Securities Corp
SSI Securities Corporation provides financial products and services in Vietnam. The company offers securities products and services, including account opening, brokerage, order placing, advisory, cash transactions, securities depository, and consultancy and support for OTC transactions; distribution of open-ended fund certificates, ETFs, certificates of deposit and corporate bond; initial public … Read more
SSI Securities Corp (SSI) - Net Assets
Latest net assets as of December 2025: ₫32.07 Trillion VND
Based on the latest financial reports, SSI Securities Corp (SSI) has net assets worth ₫32.07 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 (₫94.05 Trillion) and total liabilities (₫61.98 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 | ₫32.07 Trillion |
| % of Total Assets | 34.09% |
| Annual Growth Rate | 22.69% |
| 5-Year Change | 125.5% |
| 10-Year Change | N/A |
| Growth Volatility | 19.91 |
SSI Securities Corp - Net Assets Trend (2019–2025)
This chart illustrates how SSI Securities Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SSI Securities Corp (2019–2025)
The table below shows the annual net assets of SSI Securities Corp from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫32.07 Trillion | +19.53% |
| 2024-12-31 | ₫26.83 Trillion | +15.43% |
| 2023-12-31 | ₫23.24 Trillion | +3.83% |
| 2022-12-31 | ₫22.38 Trillion | +57.41% |
| 2021-12-31 | ₫14.22 Trillion | +44.03% |
| 2020-12-31 | ₫9.87 Trillion | +5.02% |
| 2019-12-31 | ₫9.40 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SSI Securities Corp'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 132.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫7.74 Trillion | 24.23% |
| Other Components | ₫24.20 Trillion | 75.77% |
| Total Equity | ₫31.94 Trillion | 100.00% |
SSI Securities Corp Competitors by Market Cap
The table below lists competitors of SSI Securities Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EVONIK INDUST.(U.ARD)2
F:EVKA
|
$1.71 Billion |
|
Tangshan Port Group Co Ltd
SHG:601000
|
$1.71 Billion |
|
Eastern Air Logistics Co Ltd
SHG:601156
|
$1.71 Billion |
|
JTC PLC
PINK:JTCPF
|
$1.71 Billion |
|
Flowers Foods Inc
NYSE:FLO
|
$1.71 Billion |
|
Sigurd Microelectronics Corp
TW:6257
|
$1.71 Billion |
|
Horace Mann Educators Corporation
NYSE:HMN
|
$1.71 Billion |
|
Acerinox S.A.
PINK:ACRXF
|
$1.71 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SSI Securities Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,676,031,478,332 to 31,936,133,616,052, a change of 5,260,102,137,720 (19.7%).
- Net income of 4,106,090,416,749 contributed positively to equity growth.
- Dividend payments of 2,075,375,509,000 reduced retained earnings.
- New share issuances of 3,356,137,180,496 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫4.11 Trillion | +12.86% |
| Dividends Paid | ₫2.08 Trillion | -6.5% |
| Share Issuances | ₫3.36 Trillion | +10.51% |
| Other Changes | ₫-126.75 Billion | -0.4% |
| Total Change | ₫- | 19.72% |
Book Value vs Market Value Analysis
This analysis compares SSI Securities Corp'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: 2.04x
- 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 2.91x to 2.04x 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 | ₫9835.93 | ₫28650.00 | x |
| 2020-12-31 | ₫10167.58 | ₫28650.00 | x |
| 2021-12-31 | ₫13545.69 | ₫28650.00 | x |
| 2022-12-31 | ₫14938.19 | ₫28650.00 | x |
| 2023-12-31 | ₫15409.09 | ₫28650.00 | x |
| 2024-12-31 | ₫12385.07 | ₫28650.00 | x |
| 2025-12-31 | ₫14012.67 | ₫28650.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SSI Securities Corp 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): 12.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 66.24%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.94x
- Recent ROE (12.86%) is above the historical average (11.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 9.74% | 42.05% | 0.08x | 2.90x | ₫-24.42 Billion |
| 2020 | 12.82% | 48.29% | 0.07x | 3.65x | ₫276.43 Billion |
| 2021 | 19.04% | 61.25% | 0.09x | 3.59x | ₫1.28 Trillion |
| 2022 | 7.64% | 44.66% | 0.07x | 2.35x | ₫-525.18 Billion |
| 2023 | 9.24% | 42.77% | 0.07x | 3.00x | ₫-175.43 Billion |
| 2024 | 10.63% | 56.59% | 0.07x | 2.76x | ₫167.42 Billion |
| 2025 | 12.86% | 66.24% | 0.07x | 2.94x | ₫912.48 Billion |
Industry Comparison
This section compares SSI Securities Corp's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $3,254,456,198,144
- Average return on equity (ROE) among peers: 10.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SSI Securities Corp (SSI) | ₫32.07 Trillion | 9.74% | 1.93x | $1.71 Billion |
| AgriBank Securities JSC (AGR) | $2.10 Trillion | 4.62% | 0.09x | $5.26K |
| BIDV Securities JSC (BSI) | $4.68 Trillion | 8.72% | 0.78x | $44.56 Million |
| VietinBank Securities JSC (CTS) | $2.86 Trillion | 20.22% | 3.35x | $10.13K |
| FPT Securities JSC (FTS) | $3.64 Trillion | 12.21% | 1.26x | $260.46 Million |
| Ho Chi Minh City Securities Corp (HCM) | $8.31 Trillion | 8.11% | 1.15x | $529.39 Million |
| Tien Phong Securities Corp (ORS) | $2.17 Trillion | 9.70% | 1.19x | $167.38 Million |
| Thien Viet Securities JSC (TVS) | $2.94 Trillion | 9.74% | 1.60x | $59.79 Million |
| Viet Dragon Securities Corp (VDS) | $1.17 Trillion | 12.88% | 1.20x | $76.67 Million |
| VIX Securities JSC (VIX) | $1.42 Trillion | 8.19% | 0.24x | $988.83 Million |