Van Phu - Invest Investment JSC
Van Phu Real Estate Development Joint Stock Company operates as a real estate developer in Vietnam. It operates through Real Estate Business, Accommodation Services, and Other Activities segments. The company offers consulting investment, construction, and accommodation services. It also provides real estate consulting, brokerage, and auction services. The company was formerly known as Van Phu - … Read more
Van Phu - Invest Investment JSC (VPI) - Net Assets
Latest net assets as of December 2025: ₫5.48 Trillion VND
Based on the latest financial reports, Van Phu - Invest Investment JSC (VPI) has net assets worth ₫5.48 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 (₫14.71 Trillion) and total liabilities (₫9.23 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 | ₫5.48 Trillion |
| % of Total Assets | 37.26% |
| Annual Growth Rate | 13.12% |
| 5-Year Change | 61.44% |
| 10-Year Change | N/A |
| Growth Volatility | 7.89 |
Van Phu - Invest Investment JSC - Net Assets Trend (2020–2025)
This chart illustrates how Van Phu - Invest Investment 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 Van Phu - Invest Investment JSC (2020–2025)
The table below shows the annual net assets of Van Phu - Invest Investment JSC from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫5.48 Trillion | +8.00% |
| 2024-12-31 | ₫5.07 Trillion | +27.92% |
| 2023-12-31 | ₫3.97 Trillion | +5.53% |
| 2022-12-31 | ₫3.76 Trillion | +10.73% |
| 2021-12-31 | ₫3.39 Trillion | +14.75% |
| 2020-12-31 | ₫2.96 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Van Phu - Invest Investment 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 92.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫1.44 Trillion | 27.47% |
| Other Components | ₫3.81 Trillion | 72.53% |
| Total Equity | ₫5.25 Trillion | 100.00% |
Van Phu - Invest Investment JSC Competitors by Market Cap
The table below lists competitors of Van Phu - Invest Investment JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Hybribio Biotech Co Ltd
SHE:300639
|
$322.55 Million |
|
GDI INTEGR. FAC. SVCS
F:GQN2
|
$322.60 Million |
|
JOY CITY PPTY HD -10
F:HKP
|
$322.69 Million |
|
Nok Airlines Public Company Limited
OTCGREY:NOKFF
|
$322.70 Million |
|
Fujian Forecam Optics Co Ltd
SHG:688010
|
$322.32 Million |
|
Studio Dragon Corporation
KQ:253450
|
$322.12 Million |
|
GDI Integrated Facility Services Inc
PINK:GDIFF
|
$321.70 Million |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
$321.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Van Phu - Invest Investment JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,858,728,199,709 to 5,251,276,995,970, a change of 392,548,796,261 (8.1%).
- Net income of 392,598,796,261 contributed positively to equity growth.
- Dividend payments of 123,333,333 reduced retained earnings.
- New share issuances of 8,800,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫392.60 Billion | +7.48% |
| Dividends Paid | ₫123.33 Million | -0.0% |
| Share Issuances | ₫8.80 Billion | +0.17% |
| Other Changes | ₫-8.73 Billion | -0.17% |
| Total Change | ₫- | 8.08% |
Book Value vs Market Value Analysis
This analysis compares Van Phu - Invest Investment 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: 3.55x
- 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 6.14x to 3.55x 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 | ₫9497.70 | ₫58300.00 | x |
| 2022-12-31 | ₫14524.07 | ₫58300.00 | x |
| 2023-12-31 | ₫12871.15 | ₫58300.00 | x |
| 2024-12-31 | ₫15181.17 | ₫58300.00 | x |
| 2025-12-31 | ₫16407.70 | ₫58300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Van Phu - Invest Investment 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): 7.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.59%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.80x
- Recent ROE (7.48%) is below the historical average (10.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 10.91% | 13.90% | 0.22x | 3.52x | ₫25.11 Billion |
| 2021 | 10.91% | 13.34% | 0.27x | 3.08x | ₫28.93 Billion |
| 2022 | 15.35% | 25.08% | 0.19x | 3.16x | ₫188.21 Billion |
| 2023 | 13.28% | 26.61% | 0.15x | 3.35x | ₫122.45 Billion |
| 2024 | 6.76% | 17.31% | 0.17x | 2.29x | ₫-157.40 Billion |
| 2025 | 7.48% | 19.59% | 0.14x | 2.80x | ₫-132.53 Billion |
Industry Comparison
This section compares Van Phu - Invest Investment JSC's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $24,057,814,622,027
- Average return on equity (ROE) among peers: 3.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Van Phu - Invest Investment JSC (VPI) | ₫5.48 Trillion | 10.91% | 1.68x | $322.38 Million |
| Sao Mai Group Corp (ASM) | $6.30 Trillion | 10.11% | 1.47x | $80.70 Million |
| Century Land Joint Stock Company (CRE) | $5.62 Trillion | 0.04% | 0.26x | $119.50 Million |
| Hoang Quan Consulting Trading Service Real Estate Corp (HQC) | $5.39 Trillion | 0.63% | 0.54x | $59.19 Million |
| Kinh Bac City Development Share Holding Corp (KBC) | $10.65 Trillion | 2.10% | 1.23x | $968.23 Million |
| 577 Investment Corp (NBB) | $813.00 Billion | 1.36% | 8.58x | $21.53 Million |
| Song Da Urban & Industrial Zone Investment and Development JSC (SJS) | $2.58 Trillion | 4.65% | 1.63x | $218.67 Million |
| Sonadezi Chau Duc Shareholding Co (SZC) | $1.53 Trillion | 12.86% | 3.13x | $212.14 Million |
| Vingroup JSC (VIC) | $159.57 Trillion | -1.58% | 1.68x | $9.43 Billion |