Daqo New Energy Corp (5DQ2) - Net Assets
Based on the latest financial reports, Daqo New Energy Corp (5DQ2) has net assets worth €5.89 Billion EUR (≈ $6.89 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€6.34 Billion ≈ $7.41 Billion USD) and total liabilities (€449.58 Million ≈ $525.60 Million USD). 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. Check how tangible is Daqo New Energy Corp's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.89 Billion |
| % of Total Assets | 92.91% |
| 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. See operational self-sufficiency of Daqo New Energy Corp to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see market cap of Daqo New Energy Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €5.86 Billion ≈ $6.85 Billion |
-9.16% |
| 2023-12-31 | €6.45 Billion ≈ $7.54 Billion |
-2.96% |
| 2022-12-31 | €6.64 Billion ≈ $7.77 Billion |
+148.76% |
| 2021-12-31 | €2.67 Billion ≈ $3.12 Billion |
+234.34% |
| 2020-12-31 | €798.91 Million ≈ $934.02 Million |
+40.86% |
| 2019-12-31 | €567.16 Million ≈ $663.07 Million |
+8.00% |
| 2018-12-31 | €525.13 Million ≈ $613.93 Million |
+33.10% |
| 2017-12-31 | €394.53 Million ≈ $461.24 Million |
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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 |
|---|---|
|
Ye Chiu Metal Recycling China Ltd
SHG:601388
|
$1.00 Billion |
|
Shen Zhen Bauing Construction Holding Group Co Ltd
SHE:002047
|
$1.01 Billion |
|
DLG Exhibitions & Events Corp Ltd
SHG:600826
|
$1.01 Billion |
|
Jiangsu Sanfangxiang Industry Co Ltd
SHG:600370
|
$1.01 Billion |
|
Episil Holding
TWO:3707
|
$1.00 Billion |
|
Ventyx Biosciences Inc
NASDAQ:VTYX
|
$1.00 Billion |
|
Foshan Golden Milky Way Intelligent Equipment Co Ltd
SHE:300619
|
$1.00 Billion |
|
Bumi Resources Minerals Tbk
JK:BRMS
|
$1.00 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: 0.97x
- 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 8.78x to 0.97x 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 | €12.70 | x |
| 2018-12-31 | €1.58 | €12.70 | x |
| 2019-12-31 | €1.63 | €12.70 | x |
| 2020-12-31 | €2.10 | €12.70 | x |
| 2021-12-31 | €5.82 | €12.70 | x |
| 2022-12-31 | €12.40 | €12.70 | x |
| 2023-12-31 | €14.48 | €12.70 | x |
| 2024-12-31 | €13.07 | €12.70 | 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: $3,135,046,444
- Average return on equity (ROE) among peers: 11.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daqo New Energy Corp (5DQ2) | €5.89 Billion | 23.70% | 0.08x | $1.00 Billion |
| AIXTRON SE (UNSP.ADR/2) (AIX2) | $910.41 Million | 9.36% | 0.14x | $4.12 Billion |
| AIXTRON SE (AIXA) | $465.40 Million | -21.71% | 0.21x | $6.16 Billion |
| ASML HOLDING NY EO-09 (ASMF) | $13.45 Billion | 58.27% | 1.97x | $520.31 Billion |
| ASM INTL N.V. NY/1 EO-04 (AVSN) | $2.75 Billion | 14.15% | 0.36x | $42.69 Billion |
| ASM Pacific Technology Limited (AY7A) | $9.03 Billion | 16.22% | 0.73x | $7.67 Billion |
| BE SEMICON.INDS NY EO091 (BSIA) | $421.41 Million | 42.02% | 1.13x | $20.28 Billion |
| Kulicke and Soffa Industries Inc (KU1) | $944.01 Million | -7.31% | 0.31x | $4.53 Billion |
| Manz AG (M5Z) | $131.41 Million | 2.61% | 1.72x | $617.12K |
| First Sensor AG (SIS) | $114.80 Million | -7.10% | 0.23x | $561.52 Million |
About 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. The company offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega … Read more