Sinotruk (Hong Kong) Limited (4SK) - Net Assets
Based on the latest financial reports, Sinotruk (Hong Kong) Limited (4SK) has net assets worth €51.27 Billion EUR as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€140.25 Billion) and total liabilities (€88.97 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 | €51.27 Billion |
| % of Total Assets | 36.56% |
| Annual Growth Rate | 8.13% |
| 5-Year Change | 37.76% |
| 10-Year Change | 126.35% |
| Growth Volatility | 6.51 |
Sinotruk (Hong Kong) Limited - Net Assets Trend (2013–2024)
This chart illustrates how Sinotruk (Hong Kong) 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 Sinotruk (Hong Kong) Limited (2013–2024)
The table below shows the annual net assets of Sinotruk (Hong Kong) Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €49.15 Billion | +2.49% |
| 2023-12-31 | €47.96 Billion | +11.62% |
| 2022-12-31 | €42.97 Billion | +0.47% |
| 2021-12-31 | €42.77 Billion | +19.87% |
| 2020-12-31 | €35.68 Billion | +17.26% |
| 2019-12-31 | €30.43 Billion | +7.41% |
| 2018-12-31 | €28.33 Billion | +11.39% |
| 2017-12-31 | €25.43 Billion | +13.84% |
| 2016-12-31 | €22.34 Billion | +2.87% |
| 2015-12-31 | €21.72 Billion | +2.21% |
| 2014-12-31 | €21.25 Billion | +2.09% |
| 2013-12-31 | €20.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sinotruk (Hong Kong) 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 335.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €20.68 Billion | 50.24% |
| Other Components | €20.48 Billion | 49.76% |
| Total Equity | €41.16 Billion | 100.00% |
Sinotruk (Hong Kong) Limited Competitors by Market Cap
The table below lists competitors of Sinotruk (Hong Kong) Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Loral Space & Communications Inc
TO:LORL
|
$9.00 Billion |
|
Cognex Corporation
NASDAQ:CGNX
|
$9.00 Billion |
|
Baloise Holding AG
SW:BALN
|
$9.01 Billion |
|
Shenzhen Megmeet Electrical Co Ltd
SHE:002851
|
$9.03 Billion |
|
Alstom S.A.
PA:ALO
|
$8.99 Billion |
|
DISCOVERY LTD. RC -001
F:D3H
|
$8.99 Billion |
|
Acuity Brands Inc
NYSE:AYI
|
$8.97 Billion |
|
Alchip Technologies Ltd
TW:3661
|
$8.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinotruk (Hong Kong) Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 40,272,161,000 to 41,160,516,000, a change of 888,355,000 (2.2%).
- Net income of 5,858,394,000 contributed positively to equity growth.
- Dividend payments of 4,485,196,000 reduced retained earnings.
- Share repurchases of 512,380,000 reduced equity.
- New share issuances of 16,418,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.86 Billion | +14.23% |
| Dividends Paid | €4.49 Billion | -10.9% |
| Share Repurchases | €512.38 Million | -1.24% |
| Share Issuances | €16.42 Million | +0.04% |
| Other Changes | €11.12 Million | +0.03% |
| Total Change | €- | 2.21% |
Book Value vs Market Value Analysis
This analysis compares Sinotruk (Hong Kong) 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: 0.29x
- 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.
- The price-to-book ratio has decreased from 0.53x to 0.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €8.24 | €4.34 | x |
| 2018-12-31 | €9.23 | €4.34 | x |
| 2019-12-31 | €9.87 | €4.34 | x |
| 2020-12-31 | €11.63 | €4.34 | x |
| 2021-12-31 | €12.92 | €4.34 | x |
| 2022-12-31 | €13.01 | €4.34 | x |
| 2023-12-31 | €14.59 | €4.34 | x |
| 2024-12-31 | €14.91 | €4.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinotruk (Hong Kong) 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): 14.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.16%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 3.15x
- Recent ROE (14.23%) is above the historical average (9.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 1.44% | 0.89% | 0.67x | 2.42x | €-1.62 Billion |
| 2014 | 2.13% | 1.24% | 0.74x | 2.31x | €-1.51 Billion |
| 2015 | 1.06% | 0.73% | 0.67x | 2.19x | €-1.73 Billion |
| 2016 | 2.67% | 1.61% | 0.67x | 2.49x | €-1.46 Billion |
| 2017 | 13.28% | 5.45% | 0.91x | 2.69x | €747.28 Million |
| 2018 | 17.05% | 7.03% | 1.00x | 2.42x | €1.80 Billion |
| 2019 | 12.23% | 5.36% | 0.94x | 2.42x | €607.69 Million |
| 2020 | 21.33% | 6.98% | 0.88x | 3.46x | €3.64 Billion |
| 2021 | 12.12% | 4.63% | 0.87x | 3.00x | €754.96 Million |
| 2022 | 5.00% | 3.03% | 0.56x | 2.94x | €-1.79 Billion |
| 2023 | 13.21% | 6.22% | 0.70x | 3.02x | €1.29 Billion |
| 2024 | 14.23% | 6.16% | 0.73x | 3.15x | €1.74 Billion |
Industry Comparison
This section compares Sinotruk (Hong Kong) Limited's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $67,697,290,667
- Average return on equity (ROE) among peers: 11.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinotruk (Hong Kong) Limited (4SK) | €51.27 Billion | 1.44% | 1.74x | $8.99 Billion |
| TAT HONG EQ.SRV. DL-08 (1Q2) | $1.42 Billion | -6.73% | 1.17x | $115.59 Million |
| EPIROC AB A (3AD1) | $37.21 Billion | 25.35% | 0.82x | $21.86 Billion |
| FAMUR S.A. ZY 001 (8MF) | $2.27 Billion | 13.68% | 0.69x | $441.04 Million |
| Traton SE (8TRA) | $16.80 Billion | 8.27% | 1.76x | $16.59 Billion |
| Lonking Holdings Limited (C9IB) | $9.08 Billion | 18.11% | 0.61x | $1.57 Billion |
| Daimler Truck Holding AG (DTG) | $22.23 Billion | 16.99% | 2.20x | $33.52 Billion |
| DAIMLER TRUCK SP.ADS/1/2 (DTG1) | $22.07 Billion | 8.93% | 2.29x | $33.69 Billion |
| Hitachi Construction Machinery Co. Ltd (HCM) | $497.90 Billion | 5.23% | 1.14x | $7.13 Billion |
| Imdex Limited (IDG) | $297.23 Million | 15.04% | 0.32x | $1.14 Billion |
About Sinotruk (Hong Kong) Limited
Sinotruk (Hong Kong) Limited, an investment holding company, engages in the research, development, manufacture, and sale of heavy-duty trucks (HDT), medium-heavy duty trucks, light duty trucks (LDT), buses, and related parts and components in Mainland China and internationally. The company operates through four segments: Heavy Duty Trucks, Light Duty Trucks and Others, Engines, and Finance. It of… Read more