Viet Nam Power Development JSC
Viet Nam Power Development Joint Stock Company engages in the operation and management of hydropower plants. The company also offers investment and construction of power projects. Viet Nam Power Development Joint Stock Company was founded in 2002 and is headquartered in Hanoi, Vietnam.
Viet Nam Power Development JSC (VPD) - Net Assets
Latest net assets as of June 2025: ₫1.44 Trillion VND
Based on the latest financial reports, Viet Nam Power Development JSC (VPD) has net assets worth ₫1.44 Trillion VND as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫1.61 Trillion) and total liabilities (₫167.13 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 | ₫1.44 Trillion |
| % of Total Assets | 89.62% |
| Annual Growth Rate | 2.56% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8.54 |
Viet Nam Power Development JSC - Net Assets Trend (2020–2024)
This chart illustrates how Viet Nam Power Development 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 Viet Nam Power Development JSC (2020–2024)
The table below shows the annual net assets of Viet Nam Power Development JSC from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₫1.40 Trillion | -10.52% |
| 2023-12-31 | ₫1.57 Trillion | +2.31% |
| 2022-12-31 | ₫1.53 Trillion | +12.35% |
| 2021-12-31 | ₫1.36 Trillion | +7.59% |
| 2020-12-31 | ₫1.27 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Viet Nam Power Development 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 109.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫259.08 Billion | 18.46% |
| Other Components | ₫1.14 Trillion | 81.54% |
| Total Equity | ₫1.40 Trillion | 100.00% |
Viet Nam Power Development JSC Competitors by Market Cap
The table below lists competitors of Viet Nam Power Development JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shin Hai Gas Corp
TW:9926
|
$101.86 Million |
|
Jiangling Motors Corp Ltd
SHE:200550
|
$101.86 Million |
|
ZheJiang HuaSheng Technology Co.Ltd
SHG:605180
|
$101.89 Million |
|
Asiacement
KO:183190
|
$101.96 Million |
|
Besqab
ST:BESQAB
|
$101.79 Million |
|
Symal Group Ltd
AU:SYL
|
$101.77 Million |
|
Jean Co Ltd
TW:2442
|
$101.72 Million |
|
Sport Lisboa e Benfica - Futebol, SAD
LSE:0M7V
|
$101.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Viet Nam Power Development JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,568,268,026,448 to 1,403,334,289,504, a change of -164,933,736,944 (-10.5%).
- Net income of 212,228,175,405 contributed positively to equity growth.
- Dividend payments of 209,181,459,155 reduced retained earnings.
- Other factors decreased equity by 167,980,453,194.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫212.23 Billion | +15.12% |
| Dividends Paid | ₫209.18 Billion | -14.91% |
| Other Changes | ₫-167.98 Billion | -11.97% |
| Total Change | ₫- | -10.52% |
Book Value vs Market Value Analysis
This analysis compares Viet Nam Power Development 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: 1.85x
- 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 2.04x to 1.85x 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 | ₫11897.48 | ₫24300.00 | x |
| 2021-12-31 | ₫12800.08 | ₫24300.00 | x |
| 2022-12-31 | ₫14380.86 | ₫24300.00 | x |
| 2023-12-31 | ₫14713.14 | ₫24300.00 | x |
| 2024-12-31 | ₫13165.77 | ₫24300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Viet Nam Power Development 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): 15.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.20%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.24x
- Recent ROE (15.12%) is above the historical average (12.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 6.34% | 17.67% | 0.21x | 1.70x | ₫-46.39 Billion |
| 2021 | 12.03% | 28.86% | 0.27x | 1.52x | ₫27.65 Billion |
| 2022 | 18.53% | 41.68% | 0.34x | 1.31x | ₫130.73 Billion |
| 2023 | 12.15% | 35.15% | 0.30x | 1.16x | ₫33.67 Billion |
| 2024 | 15.12% | 36.20% | 0.34x | 1.24x | ₫71.89 Billion |
Industry Comparison
This section compares Viet Nam Power Development JSC's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $5,154,317,415,817
- Average return on equity (ROE) among peers: 17.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Viet Nam Power Development JSC (VPD) | ₫1.44 Trillion | 6.34% | 0.12x | $101.81 Million |
| Ba Ria Thermal Power JSC (BTP) | $1.22 Trillion | 6.62% | 0.40x | $3.07K |
| Central Hydropower JSC (CHP) | $2.00 Trillion | 25.55% | 0.63x | $174.98 Million |
| PetroVietnam Power Nhon Trach 2 JSC (NT2) | $4.30 Trillion | 14.04% | 0.48x | $292.79 Million |
| Power Generation Corp 3 (PGV) | $17.87 Trillion | 20.65% | 2.08x | $8.45 Million |
| Can Don Hydro Power JSC (SJD) | $939.62 Billion | 16.36% | 0.45x | $38.02 Million |
| Vinh Son Song Hinh Hydropower JSC (VSH) | $4.59 Trillion | 21.63% | 1.07x | $380.55 Million |