Vietnam Dairy Products JSC
Vietnam Dairy Products Joint Stock Company provides milk and dairy products in Vietnam and internationally. The company processes, manufactures, and distributes milk cake, soya and fresh milk, refreshment drinks, bottled and powdered milk, nutritious powder, and other milk products; and products for pregnant and infant, baby food, spoon yogurt, yoghurt and juicy milk drink, condensed and plant-ba… Read more
Vietnam Dairy Products JSC (VNM) - Net Assets
Latest net assets as of December 2025: ₫34.48 Trillion VND
Based on the latest financial reports, Vietnam Dairy Products JSC (VNM) has net assets worth ₫34.48 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 (₫53.31 Trillion) and total liabilities (₫18.83 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 | ₫34.48 Trillion |
| % of Total Assets | 64.68% |
| Annual Growth Rate | 2.5% |
| 5-Year Change | -3.81% |
| 10-Year Change | N/A |
| Growth Volatility | 7.3 |
Vietnam Dairy Products JSC - Net Assets Trend (2019–2025)
This chart illustrates how Vietnam Dairy Products JSC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vietnam Dairy Products JSC (2019–2025)
The table below shows the annual net assets of Vietnam Dairy Products JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫34.48 Trillion | -4.68% |
| 2024-12-31 | ₫36.17 Trillion | +3.28% |
| 2023-12-31 | ₫35.03 Trillion | +6.73% |
| 2022-12-31 | ₫32.82 Trillion | -8.46% |
| 2021-12-31 | ₫35.85 Trillion | +6.55% |
| 2020-12-31 | ₫33.65 Trillion | +13.17% |
| 2019-12-31 | ₫29.73 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vietnam Dairy Products 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 decreased by 15.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫8.52 Trillion | 27.77% |
| Other Components | ₫22.16 Trillion | 72.23% |
| Total Equity | ₫30.69 Trillion | 100.00% |
Vietnam Dairy Products JSC Competitors by Market Cap
The table below lists competitors of Vietnam Dairy Products JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hycroft Mining Holding Corporation
NASDAQ:HYMC
|
$1.79 Billion |
|
SOL S.p.A
LSE:0NJP
|
$1.79 Billion |
|
Regis Resources Ltd
PINK:RGRNF
|
$1.79 Billion |
|
Celldex Therapeutics Inc
NASDAQ:CLDX
|
$1.79 Billion |
|
Jiangsu Cnano Technology Co Ltd
SHG:688116
|
$1.79 Billion |
|
Softcat plc
F:SF5
|
$1.79 Billion |
|
TOKYO CENTURY CORP.
F:59O
|
$1.79 Billion |
|
Caixa Seguridade Participações S.A
SA:CXSE3
|
$1.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vietnam Dairy Products JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 32,278,819,541,005 to 30,685,382,906,886, a change of -1,593,436,634,119 (-4.9%).
- Net income of 9,410,201,646,692 contributed positively to equity growth.
- Dividend payments of 11,264,484,596,250 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫9.41 Trillion | +30.67% |
| Dividends Paid | ₫11.26 Trillion | -36.71% |
| Other Changes | ₫260.85 Billion | +0.85% |
| Total Change | ₫- | -4.94% |
Book Value vs Market Value Analysis
This analysis compares Vietnam Dairy Products 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: 4.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.67x to 4.19x 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 | ₫13162.02 | ₫61500.00 | x |
| 2020-12-31 | ₫14977.27 | ₫61500.00 | x |
| 2021-12-31 | ₫15829.66 | ₫61500.00 | x |
| 2022-12-31 | ₫14282.15 | ₫61500.00 | x |
| 2023-12-31 | ₫15166.26 | ₫61500.00 | x |
| 2024-12-31 | ₫15444.74 | ₫61500.00 | x |
| 2025-12-31 | ₫14682.31 | ₫61500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vietnam Dairy Products 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): 30.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.79%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 1.74x
- Recent ROE (30.67%) is below the historical average (31.72%), 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 | 38.47% | 18.79% | 1.26x | 1.63x | ₫7.83 Trillion |
| 2020 | 35.46% | 18.61% | 1.23x | 1.55x | ₫7.97 Trillion |
| 2021 | 31.84% | 17.29% | 1.14x | 1.61x | ₫7.22 Trillion |
| 2022 | 28.53% | 14.20% | 1.24x | 1.62x | ₫5.53 Trillion |
| 2023 | 28.00% | 14.70% | 1.15x | 1.66x | ₫5.70 Trillion |
| 2024 | 29.10% | 15.20% | 1.12x | 1.71x | ₫6.16 Trillion |
| 2025 | 30.67% | 14.79% | 1.19x | 1.74x | ₫6.34 Trillion |
Industry Comparison
This section compares Vietnam Dairy Products JSC's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $3,755,979,799,292
- Average return on equity (ROE) among peers: 21.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vietnam Dairy Products JSC (VNM) | ₫34.48 Trillion | 38.47% | 0.55x | $1.79 Billion |
| 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 |
| Vinh Hoan Corp (VHC) | $7.69 Trillion | 25.67% | 0.51x | $516.79 Million |