Viet Dragon Securities Corp (VDS) - Net Assets
Based on the latest financial reports, Viet Dragon Securities Corp (VDS) has net assets worth ₫3.10 Trillion VND (≈ $117.75 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 (₫8.12 Trillion ≈ $308.57 Million USD) and total liabilities (₫5.02 Trillion ≈ $190.82 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 Viet Dragon Securities Corp liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫3.10 Trillion |
| % of Total Assets | 38.16% |
| Annual Growth Rate | 21.61% |
| 5-Year Change | 88.3% |
| 10-Year Change | N/A |
| Growth Volatility | 10.9 |
Viet Dragon Securities Corp - Net Assets Trend (2020–2025)
This chart illustrates how Viet Dragon Securities Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Viet Dragon Securities Corp's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Viet Dragon Securities Corp (2020–2025)
The table below shows the annual net assets of Viet Dragon Securities Corp from 2020 to 2025. For live valuation and market cap data, see market value of Viet Dragon Securities Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫3.10 Trillion ≈ $117.75 Million |
+10.38% |
| 2024-12-31 | ₫2.81 Trillion ≈ $106.67 Million |
+16.10% |
| 2023-12-31 | ₫2.42 Trillion ≈ $91.88 Million |
+16.10% |
| 2022-12-31 | ₫2.08 Trillion ≈ $79.14 Million |
+26.55% |
| 2021-12-31 | ₫1.65 Trillion ≈ $62.53 Million |
+41.21% |
| 2020-12-31 | ₫1.17 Trillion ≈ $44.28 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Viet Dragon Securities Corp'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 170.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫358.59 Billion | 11.83% |
| Other Components | ₫2.67 Trillion | 88.17% |
| Total Equity | ₫3.03 Trillion | 100.00% |
Viet Dragon Securities Corp Competitors by Market Cap
The table below lists competitors of Viet Dragon Securities Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Annehem Fastigheter AB
ST:ANNE-B
|
$149.36 Million |
|
THETA GOLD MNS LTD
F:3LM
|
$149.39 Million |
|
Epileds Technologies Inc
TW:4956
|
$149.47 Million |
|
BankFinancial Corporation
NASDAQ:BFIN
|
$149.53 Million |
|
Private Equity Holding AG
SW:PEHN
|
$149.33 Million |
|
iA Inc
KQ:038880
|
$149.31 Million |
|
Promate Solutions
TWO:6577
|
$149.30 Million |
|
Cyprium Metals Ltd
AU:CYM
|
$149.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Viet Dragon Securities Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,759,121,598,238 to 3,031,584,656,771, a change of 272,463,058,533 (9.9%).
- Net income of 283,126,066,290 contributed positively to equity growth.
- Share repurchases of 14,000,000 reduced equity.
- New share issuances of 68,000,000,000 increased equity.
- Other factors decreased equity by 78,649,007,757.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫283.13 Billion | +9.34% |
| Share Repurchases | ₫14.00 Million | -0.0% |
| Share Issuances | ₫68.00 Billion | +2.24% |
| Other Changes | ₫-78.65 Billion | -2.59% |
| Total Change | ₫- | 9.87% |
Book Value vs Market Value Analysis
This analysis compares Viet Dragon Securities Corp'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: 1.30x
- 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 2.54x to 1.30x 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 | ₫5688.04 | ₫14450.00 | x |
| 2021-12-31 | ₫7719.97 | ₫14450.00 | x |
| 2022-12-31 | ₫9803.77 | ₫14450.00 | x |
| 2023-12-31 | ₫9233.46 | ₫14450.00 | x |
| 2024-12-31 | ₫10322.19 | ₫14450.00 | x |
| 2025-12-31 | ₫11145.53 | ₫14450.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Viet Dragon Securities Corp 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): 9.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.33%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 2.68x
- Recent ROE (9.34%) is below the historical average (11.25%), 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 | 12.88% | 78.25% | 0.07x | 2.20x | ₫33.55 Billion |
| 2021 | 26.26% | 56.83% | 0.19x | 2.49x | ₫263.55 Billion |
| 2022 | -5.27% | -29.90% | 0.09x | 2.07x | ₫-314.43 Billion |
| 2023 | 13.77% | 100.50% | 0.06x | 2.24x | ₫89.74 Billion |
| 2024 | 10.50% | 53.94% | 0.08x | 2.32x | ₫13.85 Billion |
| 2025 | 9.34% | 46.33% | 0.08x | 2.68x | ₫-20.03 Billion |
Industry Comparison
This section compares Viet Dragon Securities Corp's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $7,731,894,623,987
- Average return on equity (ROE) among peers: 11.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Viet Dragon Securities Corp (VDS) | ₫3.10 Trillion | 12.88% | 1.62x | $149.33 Million |
| AgriBank Securities JSC (AGR) | $1.97 Trillion | 3.47% | 0.07x | $125.78 Million |
| BIDV Securities JSC (BSI) | $4.68 Trillion | 8.72% | 0.78x | $326.75 Million |
| VietinBank Securities JSC (CTS) | $2.25 Trillion | 10.26% | 2.86x | $210.92 Million |
| FPT Securities JSC (FTS) | $4.42 Trillion | 8.98% | 2.15x | $342.94 Million |
| Ho Chi Minh City Securities Corp (HCM) | $7.33 Trillion | 15.66% | 2.33x | $1.10 Billion |
| Tien Phong Securities Corp (ORS) | $2.17 Trillion | 9.70% | 1.19x | $311.73 Million |
| SSI Securities Corp (SSI) | $32.07 Trillion | 12.80% | 1.93x | $2.39 Billion |
| Thien Viet Securities JSC (TVS) | $1.75 Trillion | 29.46% | 3.10x | $116.83 Million |
| Viet Capital Securities JSC (VCI) | $12.94 Trillion | 7.04% | 1.05x | $1.14 Billion |
About Viet Dragon Securities Corp
Viet Dragon Securities Corporation, together with its subsidiary, Viet Dragon Asset Management Corporation, provides brokerage, securities trading, finance and investment advisory, underwriting, securities custodian, and derivatives services. The company operates through Proprietary Activities; Brokerage and Securities Services; Investment Banking; and Others segments. The company offers securiti… Read more