Vincom Retail JSC (VRE) - Net Assets
Based on the latest financial reports, Vincom Retail JSC (VRE) has net assets worth ₫44.46 Trillion VND (≈ $1.69 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫58.24 Trillion ≈ $2.21 Billion USD) and total liabilities (₫13.78 Trillion ≈ $523.67 Million USD). 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. Check Vincom Retail JSC liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫44.46 Trillion |
| % of Total Assets | 76.33% |
| Annual Growth Rate | 9.23% |
| 5-Year Change | 42.91% |
| 10-Year Change | N/A |
| Growth Volatility | 2.86 |
Vincom Retail JSC - Net Assets Trend (2019–2024)
This chart illustrates how Vincom Retail JSC's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Vincom Retail JSC for the complete picture of this company's asset base.
Annual Net Assets for Vincom Retail JSC (2019–2024)
The table below shows the annual net assets of Vincom Retail JSC from 2019 to 2024. For live valuation and market cap data, see how much is Vincom Retail JSC worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₫41.92 Trillion ≈ $1.59 Billion |
+10.83% |
| 2023-12-31 | ₫37.83 Trillion ≈ $1.44 Billion |
+13.17% |
| 2022-12-31 | ₫33.42 Trillion ≈ $1.27 Billion |
+9.05% |
| 2021-12-31 | ₫30.65 Trillion ≈ $1.16 Billion |
+4.48% |
| 2020-12-31 | ₫29.34 Trillion ≈ $1.11 Billion |
+8.84% |
| 2019-12-31 | ₫26.95 Trillion ≈ $1.02 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Vincom Retail 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 268.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫20.59 Trillion | 49.13% |
| Other Components | ₫21.33 Trillion | 50.87% |
| Total Equity | ₫41.92 Trillion | 100.00% |
Vincom Retail JSC Competitors by Market Cap
The table below lists competitors of Vincom Retail JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Timken India Limited
NSE:TIMKEN
|
$2.79 Billion |
|
Deppon Logistics Co Ltd
SHG:603056
|
$2.79 Billion |
|
Zhejiang Orient Holdings Co Ltd
SHG:600120
|
$2.79 Billion |
|
SEB SA UNSP.ADR EO-01
F:GRB0
|
$2.79 Billion |
|
Nanjing ESTUN Automation Co Ltd
SHE:002747
|
$2.79 Billion |
|
Jiangsu Lihua Animal Husbandry Co Ltd
SHE:300761
|
$2.79 Billion |
|
Jinhui Mining Co Ltd
SHG:603132
|
$2.79 Billion |
|
Medical Properties Trust Inc
NYSE:MPW
|
$2.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vincom Retail JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 37,803,560,000,000 to 41,922,279,000,000, a change of 4,118,719,000,000 (10.9%).
- Net income of 4,095,780,000,000 contributed positively to equity growth.
- New share issuances of 362,000,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫4.10 Trillion | +9.77% |
| Share Issuances | ₫362.00 Million | +0.0% |
| Other Changes | ₫22.58 Billion | +0.05% |
| Total Change | ₫- | 10.90% |
Book Value vs Market Value Analysis
This analysis compares Vincom Retail 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: 1.75x
- 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 2.73x to 1.75x 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 | ₫11846.77 | ₫32300.00 | x |
| 2020-12-31 | ₫12894.98 | ₫32300.00 | x |
| 2021-12-31 | ₫13473.46 | ₫32300.00 | x |
| 2022-12-31 | ₫14695.27 | ₫32300.00 | x |
| 2023-12-31 | ₫16636.56 | ₫32300.00 | x |
| 2024-12-31 | ₫18449.12 | ₫32300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vincom Retail 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): 9.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.82%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.32x
- Recent ROE (9.77%) is above the historical average (8.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 10.59% | 30.80% | 0.26x | 1.33x | ₫159.52 Billion |
| 2020 | 8.13% | 28.60% | 0.21x | 1.36x | ₫-548.29 Billion |
| 2021 | 4.29% | 22.31% | 0.16x | 1.24x | ₫-1.75 Trillion |
| 2022 | 8.31% | 37.71% | 0.17x | 1.28x | ₫-563.18 Billion |
| 2023 | 11.66% | 45.03% | 0.21x | 1.26x | ₫628.24 Billion |
| 2024 | 9.77% | 45.82% | 0.16x | 1.32x | ₫-96.45 Billion |
Industry Comparison
This section compares Vincom Retail JSC's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $14,715,894,935,556
- Average return on equity (ROE) among peers: 4.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vincom Retail JSC (VRE) | ₫44.46 Trillion | 10.59% | 0.31x | $2.79 Billion |
| An Gia Real Estate Investment and Development Corp (AGG) | $2.68 Trillion | 15.67% | 3.70x | $77.81 Million |
| Investment and Industrial Development Joint Stock Corp (BCM) | $17.76 Trillion | 9.57% | 1.72x | $2.09 Billion |
| Dat Xanh Real Estate Service Contructions Corp (DXG) | $20.86 Trillion | 1.10% | 0.83x | $648.75 Million |
| Hoang Anh Gia Lai JSC (HAG) | $10.03 Trillion | -12.52% | 2.72x | $784.90 Million |
| No Va Land Investment Group Corp (NVL) | $31.93 Trillion | 12.27% | 3.53x | $1.74 Billion |
| Saigon Thuong Tin Real Estate JSC (SCR) | $5.03 Trillion | 3.72% | 0.95x | $98.98 Million |
About Vincom Retail JSC
Vincom Retail Joint Stock Company, together with its subsidiaries, engages in the investment, construction, development, and leasing of shopping centers in Vietnam. It is also involved in real estate development and transfer activities; sale of real estate; and leases investment properties. Vincom Retail Joint Stock Company was founded in 2012 and is headquartered in Hanoi, Vietnam.