Xiwang Special Steel Company Limited
Xiwang Special Steel Company Limited, together with its subsidiaries, engages in the manufacture and sale of electric arc furnace-based special steel products in China. The company operates through four segments: Ordinary Steel, Special Steel, Trading of Commodities, and By-Products. It produces ordinary steel products, such as rebars primarily for use in building construction and infrastructure … Read more
Xiwang Special Steel Company Limited (2XI) - Net Assets
Latest net assets as of December 2022: €4.46 Billion EUR
Based on the latest financial reports, Xiwang Special Steel Company Limited (2XI) has net assets worth €4.46 Billion EUR as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€15.07 Billion) and total liabilities (€10.61 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 | €4.46 Billion |
| % of Total Assets | 29.61% |
| Annual Growth Rate | 4.01% |
| 5-Year Change | -25.6% |
| 10-Year Change | N/A |
| Growth Volatility | 14.36 |
Xiwang Special Steel Company Limited - Net Assets Trend (2013–2022)
This chart illustrates how Xiwang Special Steel Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Xiwang Special Steel Company Limited (2013–2022)
The table below shows the annual net assets of Xiwang Special Steel Company Limited from 2013 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | €4.46 Billion | -22.87% |
| 2021-12-31 | €5.78 Billion | +0.94% |
| 2020-12-31 | €5.73 Billion | +0.17% |
| 2019-12-31 | €5.72 Billion | -4.60% |
| 2018-12-31 | €6.00 Billion | +16.55% |
| 2017-12-31 | €5.15 Billion | +27.93% |
| 2016-12-31 | €4.02 Billion | +1.96% |
| 2015-12-31 | €3.94 Billion | +3.50% |
| 2014-12-31 | €3.81 Billion | +21.63% |
| 2013-12-31 | €3.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xiwang Special Steel Company Limited'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 5.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.12 Billion | 47.55% |
| Other Components | €2.34 Billion | 52.45% |
| Total Equity | €4.46 Billion | 100.00% |
Xiwang Special Steel Company Limited Competitors by Market Cap
The table below lists competitors of Xiwang Special Steel Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VIVT3F
SA:VIVT3F
|
$64.10K |
|
Top Win International Limited Ordinary Shares
NASDAQ:TOPW
|
$64.11K |
|
Ismail Industries Limited
KAR:ISIL
|
$64.16K |
|
MAZDA MOTOR CORP - Dusseldorf Stock Exchang
DU:MZA
|
$64.24K |
|
USA TODAY Co., Inc.
NYSE:TDAY
|
$63.99K |
|
Terrestrial Energy Inc
NASDAQ:IMSR
|
$63.98K |
|
Turner Venture Group Inc
PINK:TVOG
|
$63.89K |
|
POND TECHS HLDGS
F:4O0
|
$63.85K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xiwang Special Steel Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 5,784,738,000 to 4,461,916,000, a change of -1,322,822,000 (-22.9%).
- Net loss of 1,328,792,000 reduced equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.33 Billion | -29.78% |
| Other Changes | €5.97 Million | +0.13% |
| Total Change | €- | -22.87% |
Book Value vs Market Value Analysis
This analysis compares Xiwang Special Steel Company Limited'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: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €2.44 | €0.00 | x |
| 2018-12-31 | €2.64 | €0.00 | x |
| 2019-12-31 | €2.41 | €0.00 | x |
| 2020-12-31 | €2.42 | €0.00 | x |
| 2021-12-31 | €2.44 | €0.00 | x |
| 2022-12-31 | €1.88 | €0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xiwang Special Steel Company Limited 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): -29.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.19%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 3.38x
- Recent ROE (-29.78%) is below the historical average (4.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 12.25% | 5.46% | 0.68x | 3.32x | €70.45 Million |
| 2014 | 10.67% | 4.71% | 0.77x | 2.95x | €25.46 Million |
| 2015 | 4.29% | 2.51% | 0.58x | 2.95x | €-225.27 Million |
| 2016 | 8.27% | 4.40% | 0.63x | 2.97x | €-69.64 Million |
| 2017 | 17.45% | 7.26% | 0.98x | 2.46x | €383.49 Million |
| 2018 | 16.03% | 8.07% | 0.83x | 2.40x | €361.83 Million |
| 2019 | 0.35% | 0.18% | 0.83x | 2.35x | €-552.33 Million |
| 2020 | 0.32% | 0.12% | 0.99x | 2.68x | €-554.72 Million |
| 2021 | 1.12% | 0.34% | 1.18x | 2.80x | €-513.44 Million |
| 2022 | -29.78% | -9.19% | 0.96x | 3.38x | €-1.77 Billion |
Industry Comparison
This section compares Xiwang Special Steel Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $58,256,154,473
- Average return on equity (ROE) among peers: 7.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xiwang Special Steel Company Limited (2XI) | €4.46 Billion | 12.25% | 2.38x | $64.01K |
| PT Krakatau Steel (Persero) Tbk (07K) | $1.85 Billion | -4.41% | 1.22x | $45.67 Million |
| Tiangong International Company Limited (34T1) | $5.20 Billion | 7.59% | 0.96x | $232.31 Million |
| Fenix Resources Limited (4ER) | $118.73 Million | 42.70% | 0.36x | $88.47 Million |
| INDUSTRIAS CH-B (AKQ.SG) (AKQ) | $43.03 Billion | 6.90% | 0.29x | $2.77 Billion |
| BE Group AB (publ) (BGA1) | $892.00 Million | 8.97% | 1.37x | $23.57 Million |
| China Vanadium Titano-Magnetite Mining Company Limited (CV8S) | $915.45 Million | -1.86% | 0.34x | $7.47 Million |
| Shougang Concord Century Holdings Limited (CW7) | $1.39 Billion | -4.92% | 1.48x | $40.36 Million |
| Daido Steel Co. Ltd (DDL) | $469.14 Billion | 6.04% | 0.67x | $1.74 Billion |
| Da Ming International Holdings Limited (DM7) | $1.75 Billion | 5.58% | 1.98x | $31.19 Million |