Daqo New Energy Corp
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. The company was foun… Read more
Daqo New Energy Corp (5DQ2) - Net Assets
Latest net assets as of September 2025: €5.84 Billion EUR
Based on the latest financial reports, Daqo New Energy Corp (5DQ2) has net assets worth €5.84 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€6.34 Billion) and total liabilities (€497.35 Million). 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 | €5.84 Billion |
| % of Total Assets | 92.16% |
| Annual Growth Rate | 47.02% |
| 5-Year Change | 633.23% |
| 10-Year Change | N/A |
| Growth Volatility | 85.07 |
Daqo New Energy Corp - Net Assets Trend (2017–2024)
This chart illustrates how Daqo New Energy Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Daqo New Energy Corp (2017–2024)
The table below shows the annual net assets of Daqo New Energy Corp from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €5.86 Billion | -9.16% |
| 2023-12-31 | €6.45 Billion | -2.96% |
| 2022-12-31 | €6.64 Billion | +148.76% |
| 2021-12-31 | €2.67 Billion | +234.34% |
| 2020-12-31 | €798.91 Million | +40.86% |
| 2019-12-31 | €567.16 Million | +8.00% |
| 2018-12-31 | €525.13 Million | +33.10% |
| 2017-12-31 | €394.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Daqo New Energy Corp'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 2138.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.98 Billion | 68.40% |
| Other Components | €1.38 Billion | 31.60% |
| Total Equity | €4.36 Billion | 100.00% |
Daqo New Energy Corp Competitors by Market Cap
The table below lists competitors of Daqo New Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Faurecia S.E
PINK:FURCF
|
$1.45 Billion |
|
7RN
F:7RN
|
$1.45 Billion |
|
Lancashire Holdings Ltd
PINK:LCSHF
|
$1.45 Billion |
|
Randstad Holdings NV
PINK:RANJY
|
$1.45 Billion |
|
Global Blue Group Holding Ltd
NYSE:GB
|
$1.44 Billion |
|
Soitec SA
PA:SOI
|
$1.44 Billion |
|
Tandem Diabetes Care Inc
NASDAQ:TNDM
|
$1.44 Billion |
|
Suzhou Hesheng Special Material Co Ltd
SHE:002290
|
$1.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daqo New Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,761,907,000 to 4,361,192,000, a change of -400,715,000 (-8.4%).
- Net loss of 345,215,000 reduced equity.
- Share repurchases of 12,652,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-345.21 Million | -7.92% |
| Share Repurchases | €12.65 Million | -0.29% |
| Other Changes | €-42.85 Million | -0.98% |
| Total Change | €- | -8.42% |
Book Value vs Market Value Analysis
This analysis compares Daqo New Energy Corp'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: 1.53x
- 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 13.83x to 1.53x 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 | €1.45 | €20.00 | x |
| 2018-12-31 | €1.58 | €20.00 | x |
| 2019-12-31 | €1.63 | €20.00 | x |
| 2020-12-31 | €2.10 | €20.00 | x |
| 2021-12-31 | €5.82 | €20.00 | x |
| 2022-12-31 | €12.40 | €20.00 | x |
| 2023-12-31 | €14.48 | €20.00 | x |
| 2024-12-31 | €13.07 | €20.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daqo New Energy Corp 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): -7.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -33.55%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.47x
- Recent ROE (-7.92%) is below the historical average (15.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 23.70% | 26.31% | 0.47x | 1.91x | €53.67 Million |
| 2018 | 7.26% | 12.64% | 0.35x | 1.63x | €-14.39 Million |
| 2019 | 5.21% | 8.44% | 0.29x | 2.12x | €-27.14 Million |
| 2020 | 16.84% | 19.12% | 0.55x | 1.62x | €52.48 Million |
| 2021 | 34.86% | 45.05% | 0.50x | 1.54x | €539.29 Million |
| 2022 | 38.37% | 40.36% | 0.61x | 1.57x | €1.38 Billion |
| 2023 | 9.02% | 18.61% | 0.31x | 1.56x | €-46.65 Million |
| 2024 | -7.92% | -33.55% | 0.16x | 1.47x | €-781.33 Million |
Industry Comparison
This section compares Daqo New Energy Corp's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $27,069,871,834
- Average return on equity (ROE) among peers: 8.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daqo New Energy Corp (5DQ2) | €5.84 Billion | 23.70% | 0.09x | $1.45 Billion |
| Kokusai Electric Corporation (69B) | $119.52 Billion | 42.95% | 1.98x | $5.02 Billion |
| ASM Pacific Technology Limited (AY7A) | $15.29 Billion | 2.26% | 0.55x | $3.72 Billion |
| Smoltek Nanotech Holding AB (GY9) | $83.10 Million | -40.19% | 0.11x | $3.69 Million |
| Mimasu Semiconductor Industry Co. Ltd (MU2) | $51.54 Billion | 0.76% | 0.23x | $745.20 Million |
| Nova Measuring Instruments Ltd (NMR) | $927.79 Million | 19.81% | 0.50x | $11.55 Billion |
| First Sensor AG (SIS) | $135.62 Million | 38.59% | 0.33x | $92.99 Million |
| SAMCO Inc (SMU) | $8.00 Billion | -3.32% | 0.27x | $170.96 Million |
| TOWA Corporation (TWA) | $21.06 Billion | 9.95% | 0.51x | $893.35 Million |