Vietnam Sun Corp
Vietnam Sun Corporation provides taxi services in Vietnam. It offers 4-seat and 7-seat, and provincial car services, as well as domestic, international, and team-building tour travel services. The company also provides payment services through taxi coupons, card payments, and membership cards, as well as offers taxi advertising services. In addition, it is involved in air ticket sales and space r… Read more
Vietnam Sun Corp (VNS) - Net Assets
Latest net assets as of December 2025: ₫1.12 Trillion VND
Based on the latest financial reports, Vietnam Sun Corp (VNS) has net assets worth ₫1.12 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 (₫1.77 Trillion) and total liabilities (₫654.38 Billion). 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 | ₫1.12 Trillion |
| % of Total Assets | 63.11% |
| Annual Growth Rate | -6.68% |
| 5-Year Change | -7.21% |
| 10-Year Change | N/A |
| Growth Volatility | 11.26 |
Vietnam Sun Corp - Net Assets Trend (2019–2025)
This chart illustrates how Vietnam Sun Corp'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 Sun Corp (2019–2025)
The table below shows the annual net assets of Vietnam Sun Corp from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫1.12 Trillion | -2.64% |
| 2024-12-31 | ₫1.15 Trillion | -1.57% |
| 2023-12-31 | ₫1.17 Trillion | -15.67% |
| 2022-12-31 | ₫1.38 Trillion | +14.82% |
| 2021-12-31 | ₫1.21 Trillion | -18.72% |
| 2020-12-31 | ₫1.48 Trillion | -12.46% |
| 2019-12-31 | ₫1.70 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vietnam Sun 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 decreased by 61.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫353.08 Billion | 31.56% |
| Other Components | ₫765.52 Billion | 68.44% |
| Total Equity | ₫1.12 Trillion | 100.00% |
Vietnam Sun Corp Competitors by Market Cap
The table below lists competitors of Vietnam Sun Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arco Vara AS
F:AV1
|
$6.48 Million |
|
AVA INFRASTRUCTURE FUND
XNSA:AVAIF
|
$6.48 Million |
|
Hosken Consolidated Investments Ltd
JSE:HCI
|
$6.48 Million |
|
Sunson Textile Manufacturer
JK:SSTM
|
$6.48 Million |
|
Comet Lithium Corporation
V:CLIC
|
$6.48 Million |
|
Luminar Technologies
NASDAQ:LAZR
|
$6.47 Million |
|
BORUTA-ZACHEM S.A. ZY-10
F:WO4
|
$6.47 Million |
|
AGMA LAHLOU-TAZI
BC:AGMA
|
$6.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vietnam Sun Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,148,955,683,936 to 1,118,601,602,670, a change of -30,354,081,266 (-2.6%).
- Net income of 38,257,110,734 contributed positively to equity growth.
- Dividend payments of 67,847,359,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫38.26 Billion | +3.42% |
| Dividends Paid | ₫67.85 Billion | -6.07% |
| Other Changes | ₫-763.83 Million | -0.07% |
| Total Change | ₫- | -2.64% |
Book Value vs Market Value Analysis
This analysis compares Vietnam Sun 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: 0.55x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.36x to 0.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫24815.45 | ₫9000.00 | x |
| 2020-12-31 | ₫21755.50 | ₫9000.00 | x |
| 2021-12-31 | ₫17720.72 | ₫9000.00 | x |
| 2022-12-31 | ₫20331.98 | ₫9000.00 | x |
| 2023-12-31 | ₫17202.03 | ₫9000.00 | x |
| 2024-12-31 | ₫16931.47 | ₫9000.00 | x |
| 2025-12-31 | ₫16484.16 | ₫9000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vietnam Sun 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): 3.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.33%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.59x
- Recent ROE (3.42%) is above the historical average (0.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 6.45% | 5.45% | 0.76x | 1.56x | ₫-59.86 Billion |
| 2020 | -14.02% | -20.58% | 0.49x | 1.39x | ₫-354.65 Billion |
| 2021 | -22.72% | -56.36% | 0.31x | 1.31x | ₫-393.42 Billion |
| 2022 | 13.32% | 16.87% | 0.59x | 1.33x | ₫45.80 Billion |
| 2023 | 12.91% | 12.37% | 0.74x | 1.42x | ₫34.03 Billion |
| 2024 | 7.32% | 8.39% | 0.54x | 1.61x | ₫-30.84 Billion |
| 2025 | 3.42% | 4.33% | 0.50x | 1.59x | ₫-73.60 Billion |
Industry Comparison
This section compares Vietnam Sun Corp's net assets metrics with peer companies in the Railroads industry.
No peer company data available for comparison.