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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Vietnam National Reinsurance Corporation (Tổng Công ty Cổ phần Tái bảo hiểm Quốc gia Việt Nam)
Main Activities: Insurance Carriers
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Company Information |
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Full name Vietnam National Reinsurance Corporation Headquarters Hoan Kiem, Ha Noi; Ha Noi (municipality); Red River Delta |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: Công ty TNHH Deloitte Việt Nam (2012) Incorporation Date: March 13, 2006 Tel: +84 (4) 394-22365 |
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Company Description |
| Vietnam National Reinsurance Corporation (VNR) was established in 1994 on the base of Vietnam National Reinsurance Company. In 2005, it changed to joint stock model. The Company primarily provides reinsurance underwriting services to other insurance companies operating in Vietnam. It also engages in other forms of financial investment and assets management such as: government bond, stock, corporate bond, real estate, funding. State Capital Investment Corporation and Swiss Re is the controlling shareholder | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the third quarter of 2012, total net operating revenues increased with 12.90%, from VND 587,087.75 millions to VND 662,804 millions. The results of the period decreased -8.71% reaching VND 77,700.57 millions at the end of the period against VND 85,116.8 millions last year. Return on equity (Net income/Total equity) went from 3.71% to 3.29%, the Return On Asset (Net income / Total Asset) went from 1.97% to 1.75% and the Net Profit Margin (Net Income/Net Sales) went from 14.50% to 11.72% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 86.42% compared to 86.95% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.42 to 2.77 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Q4 (non-cons) |
2012 Q3 (non-cons) |
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| Audited | Audited | |
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| CBV - Listed Company Financials | CBV - Listed Company Financials | |
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| Unit | Millions | Millions |
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Balance Sheet
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Total Assets |
4,212,190 |
4,437,588 |
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Current Assets |
3,229,609 |
3,412,512 |
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Total Liabilities |
1,851,798 |
2,041,005 |
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Shareholders Equity |
2,326,184 |
2,361,776 |
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Current Liabilities |
1,034,965 |
1,232,165 |
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| * All the accounts are in VND. | ||
Income Statement
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Total Operating Revenue |
649,892 |
662,804 |
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Net Profit (Loss) |
99,519 |
77,700 |
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| * All the accounts are in VND. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
2.36% |
1.75% |
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Annualised Return on Assets (ROA) |
9.44% |
7% |
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Return on Equity (ROE) |
4.28% |
3.29% |
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Annualised Return on Equity (ROE) |
17.12% |
13.16% |
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Return on Sales (ROS) |
46% |
38.58% |
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Return on Capital |
0.78% |
0.19% |
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Gross Profit Margin |
13.43% |
13.24% |
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Operating Profit Margin |
11.39% |
3% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
0.19x |
0.14x |
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Inventory Turnover |
1,792.41x |
642.66x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
24,653 |
6,045 |
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EBITDA |
24,653 |
6,045 |
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Enterprise Value / EBITDA |
27.35 |
49.83 |
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Bookvalue (BV) |
2,326,156 |
2,361,746 |
| Liquidity Ratios | ||
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Current Ratio |
312.05% |
276.95% |
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Quick ratio |
312.04% |
276.94% |
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Doom's day ratio |
74.53% |
88.85% |
| Leverage Ratios | ||
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Leverage ratio |
227.46% |
217.42% |
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Debt to equity |
79.61% |
86.42% |
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Debt to total assets |
43.96% |
45.99% |
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Long Term Debt to Capital |
0.04% |
0.01% |
| Market ratios | ||
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Market Capitalization/EBITDA |
57.26 |
225.16 |
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