Binh Duong Trade and Development JSC
Binh Duong Trade and Development Joint Stock Company engages in the real estate activities in Vietnam. The company's real estate portfolio comprises shop houses, apartments, lands, villas, and social security housing projects. It also undertakes civil and industrial building works; and produces ready-mixed concrete products, as well as produces and trades in building materials. The company was fo… Read more
Binh Duong Trade and Development JSC (TDC) - Net Assets
Latest net assets as of December 2025: ₫1.72 Trillion VND
Based on the latest financial reports, Binh Duong Trade and Development JSC (TDC) has net assets worth ₫1.72 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 (₫4.55 Trillion) and total liabilities (₫2.83 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 | ₫1.72 Trillion |
| % of Total Assets | 37.74% |
| Annual Growth Rate | 5.59% |
| 5-Year Change | 34.23% |
| 10-Year Change | N/A |
| Growth Volatility | 29.57 |
Binh Duong Trade and Development JSC - Net Assets Trend (2019–2025)
This chart illustrates how Binh Duong Trade and Development JSC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Binh Duong Trade and Development JSC (2019–2025)
The table below shows the annual net assets of Binh Duong Trade and Development JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.72 Trillion | +42.10% |
| 2024-12-31 | ₫1.21 Trillion | +52.97% |
| 2023-12-31 | ₫790.50 Billion | -34.36% |
| 2022-12-31 | ₫1.20 Trillion | -5.92% |
| 2021-12-31 | ₫1.28 Trillion | -0.51% |
| 2020-12-31 | ₫1.29 Trillion | +3.80% |
| 2019-12-31 | ₫1.24 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Binh Duong Trade 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 grown by 48.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫231.99 Billion | 13.76% |
| Other Components | ₫1.45 Trillion | 86.24% |
| Total Equity | ₫1.69 Trillion | 100.00% |
Binh Duong Trade and Development JSC Competitors by Market Cap
The table below lists competitors of Binh Duong Trade and Development JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Seacoast Bancorp
NASDAQ:FSEA
|
$43.50 Million |
|
Siebert Financial Corp
NASDAQ:SIEB
|
$43.51 Million |
|
Rhinebeck Bancorp Inc
NASDAQ:RBKB
|
$43.52 Million |
|
Premier Technology Public Company Limited
BK:PT
|
$43.53 Million |
|
REFINE Co. Ltd.
KQ:377450
|
$43.49 Million |
|
Intech Biopharm Ltd
TWO:6461
|
$43.47 Million |
|
DANIEL THWAITES LS-25
F:7KW
|
$43.47 Million |
|
Japan Medical Dynamic Marketing INC
F:JMD
|
$43.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Binh Duong Trade and Development JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,179,325,956,523 to 1,686,557,170,079, a change of 507,231,213,556 (43.0%).
- Net income of 275,756,302,750 contributed positively to equity growth.
- Dividend payments of 684,000,000 reduced retained earnings.
- New share issuances of 321,989,520,000 increased equity.
- Other factors decreased equity by 89,830,609,194.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫275.76 Billion | +16.35% |
| Dividends Paid | ₫684.00 Million | -0.04% |
| Share Issuances | ₫321.99 Billion | +19.09% |
| Other Changes | ₫-89.83 Billion | -5.33% |
| Total Change | ₫- | 43.01% |
Book Value vs Market Value Analysis
This analysis compares Binh Duong Trade 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: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫12105.69 | ₫11050.00 | x |
| 2020-12-31 | ₫12549.88 | ₫11050.00 | x |
| 2021-12-31 | ₫12507.81 | ₫11050.00 | x |
| 2022-12-31 | ₫11734.74 | ₫11050.00 | x |
| 2023-12-31 | ₫7649.46 | ₫11050.00 | x |
| 2024-12-31 | ₫11793.26 | ₫11050.00 | x |
| 2025-12-31 | ₫13256.18 | ₫11050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Binh Duong Trade 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): 16.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.13%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.70x
- Recent ROE (16.35%) is above the historical average (4.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 12.92% | 8.75% | 0.29x | 5.16x | ₫35.38 Billion |
| 2020 | 15.52% | 12.20% | 0.28x | 4.52x | ₫69.32 Billion |
| 2021 | 9.66% | 7.28% | 0.32x | 4.19x | ₫-4.30 Billion |
| 2022 | 1.11% | 0.52% | 0.65x | 3.28x | ₫-104.38 Billion |
| 2023 | -52.66% | -133.95% | 0.08x | 4.72x | ₫-479.31 Billion |
| 2024 | 31.58% | 31.81% | 0.27x | 3.74x | ₫254.45 Billion |
| 2025 | 16.35% | 11.13% | 0.54x | 2.70x | ₫107.10 Billion |
Industry Comparison
This section compares Binh Duong Trade and Development JSC's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $5,088,809,141,788
- Average return on equity (ROE) among peers: 5.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Binh Duong Trade and Development JSC (TDC) | ₫1.72 Trillion | 12.92% | 1.65x | $43.49 Million |
| Ha Tien 1 Cement JSC (HT1) | $5.09 Trillion | 5.38% | 0.49x | $6.07K |