Vinh Hoan Corp
Vinh Hoan Corporation, together with its subsidiaries, engages in the farming and processing of frozen pangasius products in Vietnam and internationally. The company offers pangasius products, including portions, loins, fillets, strips, rolls, and cubes; marinated fish skewers and breaded fish products; fish powder and fins; shrimp chips; noodles and rice paper; drinking water; fully cooked and r… Read more
Vinh Hoan Corp (VHC) - Net Assets
Latest net assets as of December 2025: ₫9.99 Trillion VND
Based on the latest financial reports, Vinh Hoan Corp (VHC) has net assets worth ₫9.99 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 (₫13.42 Trillion) and total liabilities (₫3.43 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 | ₫9.99 Trillion |
| % of Total Assets | 74.41% |
| Annual Growth Rate | 12.68% |
| 5-Year Change | 69.73% |
| 10-Year Change | N/A |
| Growth Volatility | 8.55 |
Vinh Hoan Corp - Net Assets Trend (2019–2025)
This chart illustrates how Vinh Hoan Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vinh Hoan Corp (2019–2025)
The table below shows the annual net assets of Vinh Hoan Corp from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫9.99 Trillion | +11.05% |
| 2024-12-31 | ₫8.99 Trillion | +4.69% |
| 2023-12-31 | ₫8.59 Trillion | +11.65% |
| 2022-12-31 | ₫7.69 Trillion | +30.77% |
| 2021-12-31 | ₫5.88 Trillion | +13.68% |
| 2020-12-31 | ₫5.18 Trillion | +6.12% |
| 2019-12-31 | ₫4.88 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vinh Hoan 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 140.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫7.05 Trillion | 73.76% |
| Other Components | ₫2.51 Trillion | 26.24% |
| Total Equity | ₫9.56 Trillion | 100.00% |
Vinh Hoan Corp Competitors by Market Cap
The table below lists competitors of Vinh Hoan Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Salvatore Ferragamo S.p.A
PINK:SFRGF
|
$516.81 Million |
|
Koza Anadolu Metal Madencilik Isletmeleri AS
IS:KOZAA
|
$516.98 Million |
|
PAR Technology Corporation
NYSE:PAR
|
$517.02 Million |
|
Golden Entertainment Inc
NASDAQ:GDEN
|
$517.17 Million |
|
Guangdong Leadyo IC Testing Co. Ltd. A
SHG:688135
|
$516.78 Million |
|
Ardmore Shpng
NYSE:ASC
|
$516.76 Million |
|
China Everbright Limited
PINK:CEVIF
|
$516.63 Million |
|
Sakura Development Co Ltd
TW:2539
|
$516.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vinh Hoan Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,675,301,054,742 to 9,555,755,610,813, a change of 880,454,556,071 (10.1%).
- Net income of 1,363,034,755,021 contributed positively to equity growth.
- Other factors decreased equity by 482,580,198,950.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫1.36 Trillion | +14.26% |
| Other Changes | ₫-482.58 Billion | -5.05% |
| Total Change | ₫- | 10.15% |
Book Value vs Market Value Analysis
This analysis compares Vinh Hoan 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: 1.43x
- 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 2.28x to 1.43x 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 | ₫26795.20 | ₫61000.00 | x |
| 2020-12-31 | ₫28424.59 | ₫61000.00 | x |
| 2021-12-31 | ₫31776.39 | ₫61000.00 | x |
| 2022-12-31 | ₫41349.64 | ₫61000.00 | x |
| 2023-12-31 | ₫37477.19 | ₫61000.00 | x |
| 2024-12-31 | ₫38650.83 | ₫61000.00 | x |
| 2025-12-31 | ₫42573.50 | ₫61000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vinh Hoan 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): 14.26%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.33%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.40x
- Recent ROE (14.26%) is below the historical average (17.54%), 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 | 24.19% | 14.99% | 1.19x | 1.36x | ₫691.59 Billion |
| 2020 | 13.91% | 10.22% | 0.98x | 1.39x | ₫202.13 Billion |
| 2021 | 19.01% | 12.14% | 1.04x | 1.51x | ₫520.80 Billion |
| 2022 | 26.25% | 14.93% | 1.14x | 1.54x | ₫1.22 Trillion |
| 2023 | 11.01% | 9.16% | 0.84x | 1.43x | ₫84.44 Billion |
| 2024 | 14.13% | 9.80% | 1.02x | 1.41x | ₫358.67 Billion |
| 2025 | 14.26% | 11.33% | 0.90x | 1.40x | ₫407.46 Billion |
Industry Comparison
This section compares Vinh Hoan Corp's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $10,036,512,338,316
- Average return on equity (ROE) among peers: 21.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vinh Hoan Corp (VHC) | ₫9.99 Trillion | 24.19% | 0.34x | $516.79 Million |
| Sao Ta Foods JSC (FMC) | $2.47 Trillion | 12.40% | 0.53x | $74.70 Million |
| International Development & Investment Corp (IDI) | $3.42 Trillion | 1.69% | 1.42x | $60.94 Million |
| Vinacafe Bien Hoa JSC (VCF) | $1.44 Trillion | 47.21% | 0.54x | $119.89K |
| Vietnam Dairy Products JSC (VNM) | $32.82 Trillion | 25.95% | 0.48x | $1.79 Billion |