Vietnam Ocean Shipping JSC
Vietnam Ocean Shipping Joint Stock Company owns, operates, and manages ships in Vietnam and internationally. It operates in shipping transportation, marine services, agent of materials and equipment, spare parts, lubricants, chemicals, and paints business lines. The company's fleet is comprised of general cargo, bulk carriers, product tankers, dry cargo vessels, product tankers, and container ves… Read more
Vietnam Ocean Shipping JSC (VOS) - Net Assets
Latest net assets as of December 2025: ₫2.12 Trillion VND
Based on the latest financial reports, Vietnam Ocean Shipping JSC (VOS) has net assets worth ₫2.12 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 (₫3.91 Trillion) and total liabilities (₫1.79 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 | ₫2.12 Trillion |
| % of Total Assets | 54.15% |
| Annual Growth Rate | 20.02% |
| 5-Year Change | 103.07% |
| 10-Year Change | N/A |
| Growth Volatility | 39.58 |
Vietnam Ocean Shipping JSC - Net Assets Trend (2019–2025)
This chart illustrates how Vietnam Ocean Shipping 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 Ocean Shipping JSC (2019–2025)
The table below shows the annual net assets of Vietnam Ocean Shipping JSC from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫2.12 Trillion | +6.38% |
| 2024-12-31 | ₫1.99 Trillion | +18.94% |
| 2023-12-31 | ₫1.67 Trillion | +9.43% |
| 2022-12-31 | ₫1.53 Trillion | +46.67% |
| 2021-12-31 | ₫1.04 Trillion | +100.22% |
| 2020-12-31 | ₫520.35 Billion | -26.46% |
| 2019-12-31 | ₫707.59 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vietnam Ocean Shipping 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 104386191523200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫321.76 Billion | 15.21% |
| Other Components | ₫1.79 Trillion | 84.79% |
| Total Equity | ₫2.12 Trillion | 100.00% |
Vietnam Ocean Shipping JSC Competitors by Market Cap
The table below lists competitors of Vietnam Ocean Shipping JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HAPV3Q
SA:HAPV3Q
|
$4.46K |
|
ImmuPharma PLC
LSE:IMM
|
$4.47K |
|
DEMIRE REAL EST OP
DU:DMRE
|
$4.47K |
|
Buffalo Potash Corporation
V:BUFF
|
$4.48K |
|
INTERTAINMENT
MU:ITN
|
$4.44K |
|
MELCO INTL DEVT
MU:MX7A
|
$4.43K |
|
SUN
WAR:SUN
|
$4.43K |
|
ONCODES.PREC.MED. EO-34
F:ZR8
|
$4.43K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vietnam Ocean Shipping JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,988,924,446,304 to 2,115,743,443,114, a change of 126,818,996,810 (6.4%).
- Net income of 304,742,803,209 contributed positively to equity growth.
- Dividend payments of 152,605,391,085 reduced retained earnings.
- Other factors decreased equity by 25,318,415,314.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫304.74 Billion | +14.4% |
| Dividends Paid | ₫152.61 Billion | -7.21% |
| Other Changes | ₫-25.32 Billion | -1.2% |
| Total Change | ₫- | 6.38% |
Book Value vs Market Value Analysis
This analysis compares Vietnam Ocean Shipping 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: 0.83x
- 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 decreased from 2.47x to 0.83x 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 | ₫5054.21 | ₫12500.00 | x |
| 2020-12-31 | ₫3716.75 | ₫12500.00 | x |
| 2021-12-31 | ₫7441.82 | ₫12500.00 | x |
| 2022-12-31 | ₫10914.67 | ₫12500.00 | x |
| 2023-12-31 | ₫11943.87 | ₫12500.00 | x |
| 2024-12-31 | ₫14206.60 | ₫12500.00 | x |
| 2025-12-31 | ₫15112.45 | ₫12500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vietnam Ocean Shipping 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): 14.40%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.82%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.85x
- Recent ROE (14.40%) is above the historical average (12.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.21% | 0.11% | 0.44x | 4.41x | ₫-69.25 Billion |
| 2020 | -35.73% | -14.52% | 0.46x | 5.40x | ₫-237.94 Billion |
| 2021 | 50.20% | 36.73% | 0.51x | 2.67x | ₫418.86 Billion |
| 2022 | 31.93% | 20.16% | 0.90x | 1.75x | ₫335.14 Billion |
| 2023 | 9.29% | 4.87% | 1.17x | 1.62x | ₫-11.84 Billion |
| 2024 | 16.86% | 6.01% | 1.93x | 1.45x | ₫136.36 Billion |
| 2025 | 14.40% | 9.82% | 0.79x | 1.85x | ₫93.17 Billion |
Industry Comparison
This section compares Vietnam Ocean Shipping JSC's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $3,254,902,304,497
- Average return on equity (ROE) among peers: 13.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vietnam Ocean Shipping JSC (VOS) | ₫2.12 Trillion | 0.21% | 0.85x | $4.45K |
| Dinhvu Port Investment Development JSC (DVP) | $1.38 Trillion | 20.49% | 0.08x | $102.80 Million |
| Gemadept Corp (GMD) | $7.04 Trillion | 8.69% | 0.52x | $1.03 Billion |
| Hai An Transport and Stevedoring JSC (HAH) | $1.34 Trillion | 10.35% | 0.57x | $261.10 Million |
| Dong Nai Port JSC (PDN) | $648.65 Billion | 24.58% | 0.57x | $234.15 Million |
| PetroVietnam Transportation Corp (PVT) | $8.01 Trillion | 10.70% | 0.78x | $191.45 Million |
| Vietnam Petroleum Transport JSC (VIP) | $1.10 Trillion | 5.80% | 0.45x | $28.64 Million |