Thuan Duc JSC (TDP) - Net Assets
Based on the latest financial reports, Thuan Duc JSC (TDP) has net assets worth ₫1.12 Trillion VND (≈ $42.41 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 (₫4.47 Trillion ≈ $169.91 Million USD) and total liabilities (₫3.36 Trillion ≈ $127.50 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 Thuan Duc JSC tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫1.12 Trillion |
| % of Total Assets | 24.96% |
| Annual Growth Rate | 12.23% |
| 5-Year Change | 54.97% |
| 10-Year Change | N/A |
| Growth Volatility | 4.27 |
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. See defensive interval ratio of Thuan Duc JSC to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see how much is Thuan Duc JSC worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.12 Trillion ≈ $42.41 Million |
+9.45% |
| 2024-12-31 | ₫1.02 Trillion ≈ $38.75 Million |
+19.14% |
| 2023-12-31 | ₫856.07 Billion ≈ $32.53 Million |
+5.20% |
| 2022-12-31 | ₫813.73 Billion ≈ $30.92 Million |
+12.96% |
| 2021-12-31 | ₫720.34 Billion ≈ $27.37 Million |
+14.18% |
| 2020-12-31 | ₫630.90 Billion ≈ $23.97 Million |
+12.97% |
| 2019-12-31 | ₫558.48 Billion ≈ $21.22 Million |
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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 143.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫197.37 Billion | 17.68% |
| Other Components | ₫918.91 Billion | 82.32% |
| 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 |
|---|---|
|
RF Acquisition Corp II Unit
NASDAQ:RFAIU
|
$108.40 Million |
|
Info Yatirim AS
IS:INFO
|
$108.41 Million |
|
Intertek Group PLC
LSE:ITRK
|
$108.41 Million |
|
Iceland Seafood International hf.
IC:ICESEA
|
$108.43 Million |
|
FastPartner AB Series D
ST:FPAR-D
|
$108.38 Million |
|
The Pinkfong Company
KQ:403850
|
$108.37 Million |
|
Decidr Ai Industries Ltd
AU:DAI
|
$108.33 Million |
|
Mobile Infrastructure Corporation
NYSE MKT:BEEP
|
$108.29 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 1,116,289,970,230, a change of 96,386,414,764 (9.5%).
- Net income of 96,568,942,764 contributed positively to equity growth.
- Share repurchases of 182,528,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫96.57 Billion | +8.65% |
| Share Repurchases | ₫182.53 Million | -0.02% |
| Total Change | ₫- | 9.45% |
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: 2.56x
- 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 4.11x to 2.56x 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 | ₫29100.00 | x |
| 2020-12-31 | ₫7274.60 | ₫29100.00 | x |
| 2023-12-31 | ₫8883.87 | ₫29100.00 | x |
| 2024-12-31 | ₫10404.55 | ₫29100.00 | x |
| 2025-12-31 | ₫11387.84 | ₫29100.00 | 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): 8.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.03%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 4.01x
- Recent ROE (8.65%) is below the historical average (9.85%), 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 | 8.65% | 2.03% | 1.07x | 4.01x | ₫-15.06 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% | 3.01x | $108.38 Million |
| An Phat Plastic and Green Environment JSC (AAA) | $6.08 Trillion | 6.13% | 1.12x | $111.15 Million |
About 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. Thuan Duc Jo… Read more