VNDIRECT Securities Corp Net Assets
VNDIRECT Securities Corp net assets. Based on the latest financial reports, VNDIRECT Securities Corp (VND) has net assets worth ₫21.43 Trillion VND (≈ $814.29 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫49.87 Trillion ≈ $1.89 Billion USD) and total liabilities (₫28.43 Trillion ≈ $1.08 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 VNDIRECT Securities Corp (VND) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫21.43 Trillion |
| % of Total Assets | 42.98% |
| Annual Growth Rate | 36.37% |
| 5-Year Change | 112.81% |
| 10-Year Change | N/A |
| Growth Volatility | 52.42 |
Net Assets of VNDIRECT Securities Corp (2019–2025)
Net assets of VNDIRECT Securities Corp from 2019 to 2025. This chart illustrates how VNDIRECT Securities Corp's net assets have evolved over time, based on quarterly financial data. See VNDIRECT Securities Corp (VND) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for VNDIRECT Securities Corp (2019–2025)
The table below shows the annual net assets of VNDIRECT Securities Corp from 2019 to 2025. For live market cap and overall valuation, see VND company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫20.90 Trillion ≈ $794.18 Million |
+6.03% |
| 2024-12-31 | ₫19.72 Trillion ≈ $749.05 Million |
+19.43% |
| 2023-12-31 | ₫16.51 Trillion ≈ $627.20 Million |
+13.73% |
| 2022-12-31 | ₫14.51 Trillion ≈ $551.47 Million |
+47.77% |
| 2021-12-31 | ₫9.82 Trillion ≈ $373.19 Million |
+157.18% |
| 2020-12-31 | ₫3.82 Trillion ≈ $145.11 Million |
+17.57% |
| 2019-12-31 | ₫3.25 Trillion ≈ $123.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to VNDIRECT 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 405.6% over the analyzed period, indicating profitable operations and earnings retention.
VNDIRECT Securities Corp Net Assets Breakdown (December 2025)
VNDIRECT Securities Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫5.68 Trillion | 27.17% |
| Other Components | ₫15.22 Trillion | 72.83% |
| Total Equity | ₫20.90 Trillion | 100.00% |
VNDIRECT Securities Corp Competitors by Market Cap
The table below lists competitors of VNDIRECT Securities Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Baoming Technology Co
SHE:002992
|
$865.20 Million |
|
SK ETERNIX CO LT
KO:475150
|
$865.22 Million |
|
SG Fleet Group Ltd
AU:SGF
|
$865.28 Million |
|
JOST Werke AG
XETRA:JST
|
$865.39 Million |
|
Jiangsu Riying Electns Co Ltd
SHG:603286
|
$864.60 Million |
|
Centuria Capital Group
AU:CNI
|
$864.43 Million |
|
MeiraGTx Holdings PLC
NASDAQ:MGTX
|
$864.39 Million |
|
Prosiebensat 1 Media AG
XETRA:PSM
|
$864.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VNDIRECT Securities Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,715,068,693,211 to 20,902,908,538,364, a change of 1,187,839,845,153 (6.0%).
- Net income of 2,022,085,027,284 contributed positively to equity growth.
- Dividend payments of 761,149,954,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫2.02 Trillion | +9.67% |
| Dividends Paid | ₫761.15 Billion | -3.64% |
| Other Changes | ₫-73.10 Billion | -0.35% |
| Total Change | ₫- | 6.03% |
Book Value vs Market Value Analysis
This analysis compares VNDIRECT 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: 1.09x
- 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 1.53x to 1.09x 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 | ₫9748.21 | ₫14950.00 | x |
| 2020-12-31 | ₫11463.33 | ₫14950.00 | x |
| 2021-12-31 | ₫7126.66 | ₫14950.00 | x |
| 2022-12-31 | ₫11918.55 | ₫14950.00 | x |
| 2023-12-31 | ₫11812.60 | ₫14950.00 | x |
| 2024-12-31 | ₫12950.84 | ₫14950.00 | x |
| 2025-12-31 | ₫13731.14 | ₫14950.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VNDIRECT 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): 9.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 54.65%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.47x
- Recent ROE (9.67%) is below the historical average (13.32%), 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 | 11.78% | 38.70% | 0.09x | 3.56x | ₫57.81 Billion |
| 2020 | 18.14% | 53.64% | 0.09x | 3.92x | ₫310.84 Billion |
| 2021 | 24.26% | 82.34% | 0.08x | 3.78x | ₫1.40 Trillion |
| 2022 | 8.41% | 37.92% | 0.08x | 2.68x | ₫-231.19 Billion |
| 2023 | 12.25% | 54.45% | 0.09x | 2.53x | ₫371.47 Billion |
| 2024 | 8.72% | 59.32% | 0.07x | 2.25x | ₫-253.08 Billion |
| 2025 | 9.67% | 54.65% | 0.07x | 2.47x | ₫-68.21 Billion |
Industry Comparison
This section compares VNDIRECT Securities Corp'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 |
|---|---|---|---|---|
| VNDIRECT Securities Corp (VND) | ₫21.43 Trillion | 11.78% | 1.33x | $864.68 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 VNDIRECT Securities Corp
VNDIRECT Securities Joint Stock Company provides various investment products in Vietnam. The company offers investment services, including asset management and investment advisory, and securities trading and brokerage services, as well as margin products; and asset portfolio products comprising DSAVE for defense assets, DINVEST for life-long assets, and DTRADE for stock investment. It also provid… Read more