VIX Securities JSC (VIX) - Net Assets
Based on the latest financial reports, VIX Securities JSC (VIX) has net assets worth ₫21.45 Trillion VND (≈ $815.15 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 (₫34.17 Trillion ≈ $1.30 Billion USD) and total liabilities (₫12.71 Trillion ≈ $482.99 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 VIX Securities JSC liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫21.45 Trillion |
| % of Total Assets | 62.79% |
| Annual Growth Rate | 57.2% |
| 5-Year Change | 470.35% |
| 10-Year Change | N/A |
| Growth Volatility | 41.23 |
VIX Securities JSC - Net Assets Trend (2019–2025)
This chart illustrates how VIX Securities JSC's net assets have evolved over time, based on quarterly financial data. Also explore VIX total assets for the complete picture of this company's asset base.
Annual Net Assets for VIX Securities JSC (2019–2025)
The table below shows the annual net assets of VIX Securities JSC from 2019 to 2025. For live valuation and market cap data, see VIX Securities JSC stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫21.45 Trillion ≈ $815.15 Million |
+33.72% |
| 2024-12-31 | ₫16.04 Trillion ≈ $609.60 Million |
+81.72% |
| 2023-12-31 | ₫8.83 Trillion ≈ $335.47 Million |
+12.29% |
| 2022-12-31 | ₫7.86 Trillion ≈ $298.75 Million |
+109.03% |
| 2021-12-31 | ₫3.76 Trillion ≈ $142.92 Million |
+115.06% |
| 2020-12-31 | ₫1.75 Trillion ≈ $66.46 Million |
+23.12% |
| 2019-12-31 | ₫1.42 Trillion ≈ $53.98 Million |
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Equity Component Analysis
This analysis shows how different components contribute to VIX Securities 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 2928.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫5.85 Trillion | 27.25% |
| Other Components | ₫15.61 Trillion | 72.75% |
| Total Equity | ₫21.45 Trillion | 100.00% |
VIX Securities JSC Competitors by Market Cap
The table below lists competitors of VIX Securities JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ArcherMind Technology Nanjing Co Ltd
SHE:300598
|
$1.16 Billion |
|
OVH GROUPE UNSP.ADR/1/2
F:7U70
|
$1.16 Billion |
|
Sumavision Technologies
SHE:300079
|
$1.16 Billion |
|
Shenzhen Feima International Supply Chain Co Ltd
SHE:002210
|
$1.16 Billion |
|
Hunan Aihua Group Co Ltd
SHG:603989
|
$1.16 Billion |
|
Alexanders Inc
NYSE:ALX
|
$1.16 Billion |
|
Motic Xiamen Electric Group Co Ltd
SHE:300341
|
$1.16 Billion |
|
Gibraltar Industries Inc
NASDAQ:ROCK
|
$1.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VIX Securities JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,044,740,899,438 to 21,454,763,077,640, a change of 5,410,022,178,202 (33.7%).
- Net income of 5,410,022,178,202 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫5.41 Trillion | +25.22% |
| Total Change | ₫- | 33.72% |
Book Value vs Market Value Analysis
This analysis compares VIX Securities 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: 1.42x
- 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 4.46x to 1.42x 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 | ₫3741.66 | ₫16700.00 | x |
| 2021-12-31 | ₫5967.53 | ₫16700.00 | x |
| 2022-12-31 | ₫6804.72 | ₫16700.00 | x |
| 2023-12-31 | ₫7674.46 | ₫16700.00 | x |
| 2024-12-31 | ₫8782.48 | ₫16700.00 | x |
| 2025-12-31 | ₫11743.85 | ₫16700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VIX Securities 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): 25.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 216.39%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.59x
- Recent ROE (25.22%) is above the historical average (12.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 8.19% | 41.14% | 0.16x | 1.24x | ₫-25.70 Billion |
| 2020 | 18.78% | 131.33% | 0.12x | 1.21x | ₫153.51 Billion |
| 2021 | 19.56% | 72.85% | 0.21x | 1.26x | ₫359.58 Billion |
| 2022 | 3.97% | 62.96% | 0.06x | 1.04x | ₫-474.32 Billion |
| 2023 | 10.95% | 138.75% | 0.08x | 1.03x | ₫83.47 Billion |
| 2024 | 4.13% | 137.70% | 0.02x | 1.22x | ₫-941.15 Billion |
| 2025 | 25.22% | 216.39% | 0.07x | 1.59x | ₫3.26 Trillion |
Industry Comparison
This section compares VIX Securities JSC's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $7,166,996,296,645
- Average return on equity (ROE) among peers: 10.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VIX Securities JSC (VIX) | ₫21.45 Trillion | 8.19% | 0.59x | $1.16 Billion |
| 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 |
| Viet Dragon Securities Corp (VDS) | $2.08 Trillion | -5.21% | 1.04x | $149.33 Million |
About VIX Securities JSC
VIX Securities Joint Stock Company provides stock brokerage, securities trading, underwriting for securities issues, and investment advisory services in Vietnam. It also offers finance and securities depository services. The company was formerly known as IB Securities Joint Stock Company and changed its name to VIX Securities Joint Stock Company in October 2020. The company was founded in 2007 an… Read more