Tien Phong Commercial Joint Stock Bank
Tien Phong Commercial Joint Stock Bank provides various banking products and services to individuals and businesses in Vietnam. It accepts current and savings accounts, joint-holders corporate accounts, and term and online deposits. The company's loan products include home loans for house construction and renovation, auto and consumer loans, business loans, non-secured consumer loans, loans secur… Read more
Tien Phong Commercial Joint Stock Bank (TPB) - Net Assets
Latest net assets as of December 2025: ₫46.02 Trillion VND
Based on the latest financial reports, Tien Phong Commercial Joint Stock Bank (TPB) has net assets worth ₫46.02 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 (₫505.87 Trillion) and total liabilities (₫459.85 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 | ₫46.02 Trillion |
| % of Total Assets | 9.1% |
| Annual Growth Rate | 22.41% |
| 5-Year Change | 77.08% |
| 10-Year Change | N/A |
| Growth Volatility | 17.68 |
Tien Phong Commercial Joint Stock Bank - Net Assets Trend (2020–2025)
This chart illustrates how Tien Phong Commercial Joint Stock Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tien Phong Commercial Joint Stock Bank (2020–2025)
The table below shows the annual net assets of Tien Phong Commercial Joint Stock Bank from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫46.02 Trillion | +22.41% |
| 2024-12-31 | ₫37.59 Trillion | +14.82% |
| 2023-12-31 | ₫32.74 Trillion | +1.56% |
| 2022-12-31 | ₫32.24 Trillion | +24.06% |
| 2021-12-31 | ₫25.99 Trillion | +55.20% |
| 2020-12-31 | ₫16.74 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tien Phong Commercial Joint Stock Bank'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 39.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫9.61 Trillion | 22.72% |
| Other Components | ₫32.68 Trillion | 77.28% |
| Total Equity | ₫42.28 Trillion | 100.00% |
Tien Phong Commercial Joint Stock Bank Competitors by Market Cap
The table below lists competitors of Tien Phong Commercial Joint Stock Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Compañía de Distribución Integral Logista Holdings S.A
PINK:CDNIF
|
$1.70 Billion |
|
QMMM Holdings Limited Ordinary Shares
NASDAQ:QMMM
|
$1.70 Billion |
|
Autel Intelligent Technology Corp Ltd
SHG:688208
|
$1.70 Billion |
|
THE BK N.T.BUTTERF.+S.NEW
F:4IK
|
$1.70 Billion |
|
Premier Inc
NASDAQ:PINC
|
$1.70 Billion |
|
Shenzhen Han's CNC Technology Co. Ltd.
SHE:301200
|
$1.70 Billion |
|
GMO PAYMENT GATEWAY INC.
F:3RH
|
$1.70 Billion |
|
Imax Corp
NYSE:IMAX
|
$1.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tien Phong Commercial Joint Stock Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 37,594,370,000,000 to 42,283,707,000,000, a change of 4,689,337,000,000 (12.5%).
- Net income of 7,379,697,000,000 contributed positively to equity growth.
- Dividend payments of 2,641,956,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫7.38 Trillion | +17.45% |
| Dividends Paid | ₫2.64 Trillion | -6.25% |
| Other Changes | ₫-48.40 Billion | -0.11% |
| Total Change | ₫- | 12.47% |
Book Value vs Market Value Analysis
This analysis compares Tien Phong Commercial Joint Stock Bank'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: 1.06x
- 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 2.24x to 1.06x 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 | ₫7198.00 | ₫16100.00 | x |
| 2023-12-31 | ₫12393.41 | ₫16100.00 | x |
| 2024-12-31 | ₫14229.75 | ₫16100.00 | x |
| 2025-12-31 | ₫15242.61 | ₫16100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tien Phong Commercial Joint Stock Bank 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): 17.45%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.46%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 11.96x
- Recent ROE (17.45%) is below the historical average (17.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 20.96% | 33.01% | 0.05x | 12.32x | ₫1.84 Trillion |
| 2021 | 18.58% | 35.72% | 0.05x | 11.27x | ₫2.23 Trillion |
| 2022 | 19.42% | 40.09% | 0.05x | 10.19x | ₫3.04 Trillion |
| 2023 | 13.63% | 27.20% | 0.05x | 10.89x | ₫1.19 Trillion |
| 2024 | 16.15% | 34.06% | 0.04x | 11.12x | ₫2.31 Trillion |
| 2025 | 17.45% | 39.46% | 0.04x | 11.96x | ₫3.15 Trillion |
Industry Comparison
This section compares Tien Phong Commercial Joint Stock Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $56,861,914,381,480
- Average return on equity (ROE) among peers: 15.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tien Phong Commercial Joint Stock Bank (TPB) | ₫46.02 Trillion | 20.96% | 9.99x | $1.70 Billion |
| Asia Commercial Bank (ACB) | $58.44 Trillion | 23.42% | 9.40x | $4.64 Billion |
| Joint Stock Commercial Bank for Investment and Development of Vietnam (BID) | $77.65 Trillion | 10.78% | 18.19x | $11.18 Billion |
| Vietnam JSCmmercial Bank for Industry and Trade (CTG) | $77.35 Trillion | 12.23% | 15.04x | $1.66 Billion |
| Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) | $24.70 Trillion | 17.20% | 11.92x | $4.29 Billion |
| Lien Viet Post Joint Stock Commercial Bank (LPB) | $43.34 Trillion | 22.43% | 10.73x | $4.91 Billion |
| Military Commercial Joint Stock Bank (MBB) | $142.02 Trillion | 18.86% | 10.38x | $8.27 Billion |
| Orient Commercial JS Bank (OCB) | $31.67 Trillion | 10.02% | 7.86x | $1.08 Billion |
| Sai Gon Ha Noi Commercial Joint Stock Bank (SHB) | $42.90 Trillion | 18.01% | 11.84x | $2.32 Billion |
| Southeast Asia Commercial JS Bank (SSB) | $13.67 Trillion | 9.95% | 12.18x | $1.67 Billion |