VIX Securities JSC Net Assets
VIX Securities JSC net assets. Based on the latest financial reports, VIX Securities JSC (VIX) has net assets worth ₫21.59 Trillion VND (≈ $820.41 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫29.60 Trillion ≈ $1.12 Billion USD) and total liabilities (₫8.01 Trillion ≈ $304.14 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. Also explore VIX year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫21.59 Trillion |
| % of Total Assets | 72.95% |
| Annual Growth Rate | 57.2% |
| 5-Year Change | 470.35% |
| 10-Year Change | N/A |
| Growth Volatility | 41.23 |
Net Assets of VIX Securities JSC (2019–2025)
Net assets of VIX Securities JSC from 2019 to 2025. This chart illustrates how VIX Securities JSC's net assets have evolved over time, based on quarterly financial data. See VIX net asset quality score to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see VIX stock market capitalisation.
| 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.
VIX Securities JSC Net Assets Breakdown (December 2025)
VIX Securities JSC net assets breakdown by equity component as of 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 |
|---|---|
|
Petkim Petrokimya Holding AS
IS:PETKM
|
$926.96 Million |
|
CH. Karnchang PCL
BK:CK
|
$927.04 Million |
|
CJ Korea Express
KO:000120
|
$927.23 Million |
|
JYP Entertainment Corporation
KQ:035900
|
$927.34 Million |
|
IRB-Brasil Resseguros S.A.
SA:IRBR3
|
$926.58 Million |
|
Green Plains Renewable Energy Inc
NASDAQ:GPRE
|
$926.50 Million |
|
Exmar NV
BR:EXM
|
$926.36 Million |
|
Dongfang Electric Corporation Limited
F:DEU
|
$926.32 Million |
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: 1.14x
- 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 3.57x to 1.14x 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 | ₫13350.00 | x |
| 2021-12-31 | ₫5967.53 | ₫13350.00 | x |
| 2022-12-31 | ₫6804.72 | ₫13350.00 | x |
| 2023-12-31 | ₫7674.46 | ₫13350.00 | x |
| 2024-12-31 | ₫8782.48 | ₫13350.00 | x |
| 2025-12-31 | ₫11743.85 | ₫13350.00 | 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: $6,081,298,863,012
- Average return on equity (ROE) among peers: 12.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VIX Securities JSC (VIX) | ₫21.59 Trillion | 8.19% | 0.37x | $926.63 Million |
| AgriBank Securities JSC (AGR) | $1.97 Trillion | 3.47% | 0.07x | $101.92 Million |
| BIDV Securities JSC (BSI) | $1.72 Trillion | 20.76% | 2.49x | $271.28 Million |
| VietinBank Securities JSC (CTS) | $2.04 Trillion | 9.20% | 3.15x | $188.69 Million |
| FPT Securities JSC (FTS) | $3.35 Trillion | 9.50% | 0.58x | $258.03 Million |
| Ho Chi Minh City Securities Corp (HCM) | $7.33 Trillion | 15.66% | 2.33x | $966.30 Million |
| Tien Phong Securities Corp (ORS) | $2.31 Trillion | 5.88% | 1.91x | $338.99 Million |
| SSI Securities Corp (SSI) | $32.07 Trillion | 12.80% | 1.93x | $1.77 Billion |
| Thien Viet Securities JSC (TVS) | $2.33 Trillion | 12.03% | 2.16x | $105.55 Million |
| Viet Capital Securities JSC (VCI) | $6.54 Trillion | 22.91% | 1.54x | $880.78 Million |
| Viet Dragon Securities Corp (VDS) | $1.17 Trillion | 12.88% | 1.20x | $101.90 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 provides finance, securities depository, and corporate finance consulting 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. V… Read more