Vietjet Aviation JSC (VJC) - Net Assets
Based on the latest financial reports, Vietjet Aviation JSC (VJC) has net assets worth ₫24.85 Trillion VND (≈ $944.16 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 (₫139.46 Trillion ≈ $5.30 Billion USD) and total liabilities (₫114.61 Trillion ≈ $4.35 Billion 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 Vietjet Aviation JSC balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫24.85 Trillion |
| % of Total Assets | 17.82% |
| Annual Growth Rate | 8.89% |
| 5-Year Change | 47.44% |
| 10-Year Change | N/A |
| Growth Volatility | 18.14 |
Vietjet Aviation JSC - Net Assets Trend (2019–2025)
This chart illustrates how Vietjet Aviation JSC's net assets have evolved over time, based on quarterly financial data. Check VJC goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Vietjet Aviation JSC (2019–2025)
The table below shows the annual net assets of Vietjet Aviation JSC from 2019 to 2025. For live valuation and market cap data, see how much is Vietjet Aviation JSC worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫24.85 Trillion ≈ $944.16 Million |
+46.78% |
| 2024-12-31 | ₫16.93 Trillion ≈ $643.24 Million |
+10.99% |
| 2023-12-31 | ₫15.25 Trillion ≈ $579.53 Million |
+2.38% |
| 2022-12-31 | ₫14.90 Trillion ≈ $566.04 Million |
-11.60% |
| 2021-12-31 | ₫16.85 Trillion ≈ $640.36 Million |
+12.52% |
| 2020-12-31 | ₫14.98 Trillion ≈ $569.09 Million |
+0.51% |
| 2019-12-31 | ₫14.90 Trillion ≈ $566.22 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vietjet Aviation 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 10.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫12.78 Trillion | 51.50% |
| Other Components | ₫12.03 Trillion | 48.50% |
| Total Equity | ₫24.81 Trillion | 100.00% |
Vietjet Aviation JSC Competitors by Market Cap
The table below lists competitors of Vietjet Aviation JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Centuri Holdings, Inc.
NYSE:CTRI
|
$2.81 Billion |
|
Beijing GeoEnviron Engineering
SHG:603588
|
$2.81 Billion |
|
Sigurd Microelectronics Corp
TW:6257
|
$2.81 Billion |
|
FIBI Holdings Ltd
TA:FIBIH
|
$2.81 Billion |
|
Shandong Humon Smelting Co Ltd
SHE:002237
|
$2.81 Billion |
|
Shenzhen Jove Enterprise Co. Ltd.
SHE:300814
|
$2.81 Billion |
|
Dialog Group Bhd
KLSE:7277
|
$2.81 Billion |
|
Posco ICT Company Ltd
KQ:022100
|
$2.80 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vietjet Aviation JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,908,054,506,385 to 24,805,877,491,852, a change of 7,897,822,985,467 (46.7%).
- Net income of 2,122,533,969,007 contributed positively to equity growth.
- New share issuances of 4,999,900,000,000 increased equity.
- Other factors increased equity by 775,389,016,460.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫2.12 Trillion | +8.56% |
| Share Issuances | ₫5.00 Trillion | +20.16% |
| Other Changes | ₫775.39 Billion | +3.13% |
| Total Change | ₫- | 46.71% |
Book Value vs Market Value Analysis
This analysis compares Vietjet Aviation 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: 2.98x
- 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 4.37x to 2.98x 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 | ₫28592.29 | ₫125000.00 | x |
| 2021-12-31 | ₫32136.42 | ₫125000.00 | x |
| 2022-12-31 | ₫27469.62 | ₫125000.00 | x |
| 2023-12-31 | ₫28123.27 | ₫125000.00 | x |
| 2024-12-31 | ₫31218.06 | ₫125000.00 | x |
| 2025-12-31 | ₫41929.35 | ₫125000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vietjet Aviation 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): 8.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.59%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 5.62x
- Recent ROE (8.56%) is above the historical average (4.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 25.55% | 7.52% | 1.04x | 3.28x | ₫2.32 Trillion |
| 2020 | 0.46% | 0.38% | 0.40x | 3.02x | ₫-1.43 Trillion |
| 2021 | 0.44% | 0.58% | 0.25x | 3.07x | ₫-1.61 Trillion |
| 2022 | -15.21% | -5.64% | 0.59x | 4.57x | ₫-3.75 Trillion |
| 2023 | 1.51% | 0.40% | 0.67x | 5.71x | ₫-1.29 Trillion |
| 2024 | 8.30% | 1.95% | 0.72x | 5.89x | ₫-287.64 Billion |
| 2025 | 8.56% | 2.59% | 0.59x | 5.62x | ₫-358.05 Billion |
Industry Comparison
This section compares Vietjet Aviation JSC's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $-17,025,925,878,738
- Average return on equity (ROE) among peers: 0.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vietjet Aviation JSC (VJC) | ₫24.85 Trillion | 25.55% | 4.61x | $2.81 Billion |
| Vietnam Airlines JSC (HVN) | $-17.03 Trillion | 0.00% | 0.00x | $2.29 Billion |
About Vietjet Aviation JSC
VietJet Aviation Joint Stock Company provides passenger and cargo air transportation services, and airline-related support services. The company also offers in-flight advertising services; and payment services, as well as trades in and leases aircraft and aircraft components. It covers various domestic and international routes, including Vietnam, Thailand, Singapore, South Korea, Taiwan, Myanmar,… Read more