Thuan Duc JSC
Thuan Duc Joint Stock Company, together with its subsidiary, produces and sells PP woven packaging products in Vietnam and internationally. The company offers PP shopping, PP woven shopping, PP non-woven shopping, RPET shopping, cooler, and other bags, as well as agricultural, feed, and fertilizer packaging products. It is also involved in trading plastic resins and other activities. In addition,… Read more
Thuan Duc JSC (TDP) - Net Assets
Latest net assets as of December 2025: ₫1.12 Trillion VND
Based on the latest financial reports, Thuan Duc JSC (TDP) has net assets worth ₫1.12 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 (₫4.47 Trillion) and total liabilities (₫3.35 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 | ₫1.12 Trillion |
| % of Total Assets | 25.02% |
| Annual Growth Rate | 12.27% |
| 5-Year Change | 55.31% |
| 10-Year Change | N/A |
| Growth Volatility | 4.25 |
Thuan Duc JSC - Net Assets Trend (2019–2025)
This chart illustrates how Thuan Duc 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 Thuan Duc JSC (2019–2025)
The table below shows the annual net assets of Thuan Duc JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.12 Trillion | +9.69% |
| 2024-12-31 | ₫1.02 Trillion | +19.14% |
| 2023-12-31 | ₫856.07 Billion | +5.20% |
| 2022-12-31 | ₫813.73 Billion | +12.96% |
| 2021-12-31 | ₫720.34 Billion | +14.18% |
| 2020-12-31 | ₫630.90 Billion | +12.97% |
| 2019-12-31 | ₫558.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thuan Duc 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 146.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫199.68 Billion | 17.85% |
| Other Components | ₫919.10 Billion | 82.15% |
| Total Equity | ₫1.12 Trillion | 100.00% |
Thuan Duc JSC Competitors by Market Cap
The table below lists competitors of Thuan Duc JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pioneer Natural Resources Company
F:PNK
|
$52.66 Million |
|
Odyssey Marine Exploration Inc
NASDAQ:OMEX
|
$52.68 Million |
|
Terra Metals Ltd
AU:TM1
|
$52.68 Million |
|
SecureTech Innovations Inc
PINK:SCTH
|
$52.71 Million |
|
Michael Hill International Ltd
AU:MHJ
|
$52.63 Million |
|
VST Industries Limited
NSE:VSTIND
|
$52.63 Million |
|
Daechang Forgi
KO:015230
|
$52.62 Million |
|
Drone Delivery Canada Corp
OTCQX:TAKOF
|
$52.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thuan Duc JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,019,903,555,466 to 1,118,782,028,669, a change of 98,878,473,203 (9.7%).
- Net income of 98,878,473,210 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫98.88 Billion | +8.84% |
| Other Changes | ₫-7.00 | -0.0% |
| Total Change | ₫- | 9.69% |
Book Value vs Market Value Analysis
This analysis compares Thuan Duc 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: 2.58x
- 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 4.16x to 2.58x 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 | ₫7083.58 | ₫29500.00 | x |
| 2020-12-31 | ₫7274.60 | ₫29500.00 | x |
| 2023-12-31 | ₫8883.87 | ₫29500.00 | x |
| 2024-12-31 | ₫10404.55 | ₫29500.00 | x |
| 2025-12-31 | ₫11413.26 | ₫29500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thuan Duc 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): 8.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.08%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 4.00x
- Recent ROE (8.84%) is below the historical average (9.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 11.08% | 5.17% | 0.74x | 2.89x | ₫6.04 Billion |
| 2020 | 11.52% | 5.29% | 0.75x | 2.90x | ₫9.62 Billion |
| 2021 | 12.05% | 3.56% | 0.89x | 3.80x | ₫14.78 Billion |
| 2022 | 11.52% | 2.89% | 0.98x | 4.08x | ₫12.37 Billion |
| 2023 | 4.95% | 1.11% | 1.04x | 4.29x | ₫-43.26 Billion |
| 2024 | 9.21% | 2.14% | 1.11x | 3.87x | ₫-8.07 Billion |
| 2025 | 8.84% | 2.08% | 1.06x | 4.00x | ₫-13.00 Billion |
Industry Comparison
This section compares Thuan Duc JSC's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $6,079,230,359,763
- Average return on equity (ROE) among peers: 6.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thuan Duc JSC (TDP) | ₫1.12 Trillion | 11.08% | 3.00x | $52.66 Million |
| An Phat Plastic and Green Environment JSC (AAA) | $6.08 Trillion | 6.13% | 1.12x | $57.15 Million |