South Logistics JSC (STG) - Net Assets
Based on the latest financial reports, South Logistics JSC (STG) has net assets worth ₫2.69 Trillion VND (≈ $102.07 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 (₫3.63 Trillion ≈ $137.92 Million USD) and total liabilities (₫943.50 Billion ≈ $35.85 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 South Logistics JSC (STG) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫2.69 Trillion |
| % of Total Assets | 74.01% |
| Annual Growth Rate | 10.32% |
| 5-Year Change | 42.52% |
| 10-Year Change | N/A |
| Growth Volatility | 3.44 |
South Logistics JSC - Net Assets Trend (2020–2025)
This chart illustrates how South Logistics JSC's net assets have evolved over time, based on quarterly financial data. Also explore South Logistics JSC asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for South Logistics JSC (2020–2025)
The table below shows the annual net assets of South Logistics JSC from 2020 to 2025. For live valuation and market cap data, see market cap of South Logistics JSC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.69 Trillion ≈ $102.07 Million |
+11.94% |
| 2024-12-31 | ₫2.40 Trillion ≈ $91.18 Million |
+6.44% |
| 2023-12-31 | ₫2.25 Trillion ≈ $85.66 Million |
+6.17% |
| 2022-12-31 | ₫2.12 Trillion ≈ $80.69 Million |
+12.66% |
| 2021-12-31 | ₫1.89 Trillion ≈ $71.62 Million |
+14.64% |
| 2020-12-31 | ₫1.64 Trillion ≈ $62.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to South Logistics 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 180.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫1.63 Trillion | 63.68% |
| Other Components | ₫928.83 Billion | 36.32% |
| Total Equity | ₫2.56 Trillion | 100.00% |
South Logistics JSC Competitors by Market Cap
The table below lists competitors of South Logistics JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Banco Alfa de Investimento S.A
SA:BRIV3
|
$134.78 Million |
|
Alkim Alkali Kimya AS
IS:ALKIM
|
$134.79 Million |
|
HAPPY BELLY FOOD GRO.INC.
F:W3J
|
$134.93 Million |
|
ISC Fresh Water Investment SOCIMI SA
MC:YISC
|
$134.95 Million |
|
Kumho Ind
KO:002990
|
$134.68 Million |
|
Guardian Capital Group Limited
TO:GCG
|
$134.64 Million |
|
Shimmick Corporation Common Stock
NASDAQ:SHIM
|
$134.62 Million |
|
STEEL EXCHANGE INDIA LIMITED
NSE:STEELXIND
|
$134.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in South Logistics JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,273,073,930,774 to 2,557,284,966,046, a change of 284,211,035,272 (12.5%).
- Net income of 293,768,081,166 contributed positively to equity growth.
- Dividend payments of 15,662,500,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫293.77 Billion | +11.49% |
| Dividends Paid | ₫15.66 Billion | -0.61% |
| Other Changes | ₫6.11 Billion | +0.24% |
| Total Change | ₫- | 12.50% |
Book Value vs Market Value Analysis
This analysis compares South Logistics 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: 1.39x
- 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 2.27x to 1.39x 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 | ₫15879.81 | ₫36100.00 | x |
| 2021-12-31 | ₫18197.15 | ₫36100.00 | x |
| 2022-12-31 | ₫20479.80 | ₫36100.00 | x |
| 2023-12-31 | ₫21763.66 | ₫36100.00 | x |
| 2024-12-31 | ₫23134.82 | ₫36100.00 | x |
| 2025-12-31 | ₫26027.46 | ₫36100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently South Logistics 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): 11.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.35%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.42x
- Recent ROE (11.49%) is above the historical average (9.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 6.83% | 5.25% | 0.87x | 1.50x | ₫-49.39 Billion |
| 2021 | 13.02% | 8.06% | 1.08x | 1.50x | ₫53.99 Billion |
| 2022 | 11.85% | 9.03% | 0.95x | 1.38x | ₫37.19 Billion |
| 2023 | 6.65% | 7.92% | 0.63x | 1.34x | ₫-71.60 Billion |
| 2024 | 8.47% | 7.85% | 0.80x | 1.34x | ₫-34.75 Billion |
| 2025 | 11.49% | 11.35% | 0.71x | 1.42x | ₫38.04 Billion |
Industry Comparison
This section compares South Logistics JSC's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $1,189,750,951,450
- Average return on equity (ROE) among peers: 32.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| South Logistics JSC (STG) | ₫2.69 Trillion | 6.83% | 0.35x | $134.76 Million |
| NoiBai Cargo Terminal Services JSC (NCT) | $432.34 Billion | 54.86% | 0.16x | $92.55 Million |
| Transimex Saigon Corp (TMS) | $1.95 Trillion | 11.02% | 0.70x | $264.14 Million |
About South Logistics JSC
South Logistics Joint Stock Company provides logistics services in Vietnam and internationally. The company offers inland cargo transport, warehousing and bonded warehousing, port, factories, office, cargo handling, international freight forwarding by sea, air, and multimodal transport, shipping agency, trans-shipment, customs services, courier services, CFS (collection and delivery), ICD (inland… Read more