Vietnam Container Shipping JSC
Vietnam Container Shipping Joint Stock Corporation, together with its subsidiaries, engages in port services activities in Vietnam. The company offers container handling, cold running, inspection and quarantine, storage, and other transportation services. It also operates container ports and deports, and warehouse systems; and offers Road container transportation and logistics services, as well a… Read more
Vietnam Container Shipping JSC (VSC) - Net Assets
Latest net assets as of June 2025: ₫5.07 Trillion VND
Based on the latest financial reports, Vietnam Container Shipping JSC (VSC) has net assets worth ₫5.07 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 (₫8.78 Trillion) and total liabilities (₫3.70 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 | ₫5.07 Trillion |
| % of Total Assets | 57.78% |
| Annual Growth Rate | 18.78% |
| 5-Year Change | 125.55% |
| 10-Year Change | N/A |
| Growth Volatility | 19.17 |
Vietnam Container Shipping JSC - Net Assets Trend (2019–2024)
This chart illustrates how Vietnam Container 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 Container Shipping JSC (2019–2024)
The table below shows the annual net assets of Vietnam Container Shipping JSC from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₫4.90 Trillion | +48.62% |
| 2023-12-31 | ₫3.29 Trillion | +2.91% |
| 2022-12-31 | ₫3.20 Trillion | +6.84% |
| 2021-12-31 | ₫3.00 Trillion | +38.03% |
| 2020-12-31 | ₫2.17 Trillion | +4.86% |
| 2019-12-31 | ₫2.07 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vietnam Container 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 decreased by 37.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫719.52 Billion | 15.91% |
| Other Components | ₫3.80 Trillion | 84.09% |
| Total Equity | ₫4.52 Trillion | 100.00% |
Vietnam Container Shipping JSC Competitors by Market Cap
The table below lists competitors of Vietnam Container Shipping JSC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Liaoning SG Automotive Group Co Ltd
SHG:600303
|
$244.34 Million |
|
Sanyou Corporation Limited
SHE:300932
|
$244.36 Million |
|
Hanson International Tbk
JK:MYRX
|
$244.37 Million |
|
Wuhan Sante Cableway Group Co Ltd
SHE:002159
|
$244.39 Million |
|
China Youzan Ltd
PINK:CHNVF
|
$244.32 Million |
|
Shandong Daye Co Ltd Class A
SHG:603278
|
$244.22 Million |
|
Hong Leong Industries Bhd
KLSE:3301
|
$244.14 Million |
|
BrainChip Holdings Ltd
OTCQX:BCHPY
|
$244.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vietnam Container Shipping JSC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,881,403,881,665 to 4,521,009,895,794, a change of 1,639,606,014,129 (56.9%).
- Net income of 336,159,900,134 contributed positively to equity growth.
- Dividend payments of 136,105,095,200 reduced retained earnings.
- New share issuances of 1,333,956,420,000 increased equity.
- Other factors increased equity by 105,594,789,195.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫336.16 Billion | +7.44% |
| Dividends Paid | ₫136.11 Billion | -3.01% |
| Share Issuances | ₫1.33 Trillion | +29.51% |
| Other Changes | ₫105.59 Billion | +2.34% |
| Total Change | ₫- | 56.90% |
Book Value vs Market Value Analysis
This analysis compares Vietnam Container 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: 1.99x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.55x to 1.99x 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 | ₫16244.20 | ₫25100.00 | x |
| 2020-12-31 | ₫16859.52 | ₫25100.00 | x |
| 2021-12-31 | ₫21667.82 | ₫25100.00 | x |
| 2022-12-31 | ₫23031.80 | ₫25100.00 | x |
| 2023-12-31 | ₫14609.82 | ₫25100.00 | x |
| 2024-12-31 | ₫12611.05 | ₫25100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vietnam Container 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): 7.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.06%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.72x
- Recent ROE (7.44%) is below the historical average (10.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 13.52% | 13.05% | 0.75x | 1.38x | ₫60.86 Billion |
| 2020 | 13.34% | 14.19% | 0.69x | 1.37x | ₫60.03 Billion |
| 2021 | 13.34% | 18.49% | 0.58x | 1.25x | ₫87.70 Billion |
| 2022 | 11.25% | 15.66% | 0.46x | 1.56x | ₫34.99 Billion |
| 2023 | 4.29% | 5.67% | 0.42x | 1.80x | ₫-164.52 Billion |
| 2024 | 7.44% | 12.06% | 0.36x | 1.72x | ₫-115.94 Billion |
Industry Comparison
This section compares Vietnam Container Shipping JSC's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $3,128,901,978,362
- Average return on equity (ROE) among peers: 17.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vietnam Container Shipping JSC (VSC) | ₫5.07 Trillion | 13.52% | 0.73x | $244.32 Million |
| Dinhvu Port Investment Development JSC (DVP) | $1.38 Trillion | 24.03% | 0.19x | $100.63 Million |
| Gemadept Corp (GMD) | $7.04 Trillion | 8.69% | 0.52x | $1.03 Billion |
| Hai An Transport and Stevedoring JSC (HAH) | $1.90 Trillion | 23.42% | 0.70x | $269.71 Million |
| Dong Nai Port JSC (PDN) | $1.49 Trillion | 29.39% | 0.24x | $235.10 Million |
| PetroVietnam Transportation Corp (PVT) | $5.69 Trillion | 12.12% | 0.93x | $210.01 Million |
| Vietnam Petroleum Transport JSC (VIP) | $1.27 Trillion | 6.82% | 0.12x | $29.50 Million |