MEC Company Ltd.
MEC Company Ltd. engages in the research and development, production, and sale of chemicals, equipment, and related materials used in the production of printed circuit boards in Japan, Taiwan, Hong Kong, China, Thailand, and Europe. It offers various chemicals for electronic substrates, such as roughening type adhesion enhancement; rolled annealed copper roughening treatment; pre-lamination treat… Read more
MEC Company Ltd. (MECGF) - Net Assets
Latest net assets as of June 2025: $27.39 Billion USD
Based on the latest financial reports, MEC Company Ltd. (MECGF) has net assets worth $27.39 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($32.88 Billion) and total liabilities ($5.48 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 | $27.39 Billion |
| % of Total Assets | 83.32% |
| Annual Growth Rate | 11.39% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.13 |
MEC Company Ltd. - Net Assets Trend (2020–2024)
This chart illustrates how MEC Company Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MEC Company Ltd. (2020–2024)
The table below shows the annual net assets of MEC Company Ltd. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $26.90 Billion | +8.56% |
| 2023-12-31 | $24.78 Billion | +6.22% |
| 2022-12-31 | $23.33 Billion | +11.45% |
| 2021-12-31 | $20.93 Billion | +19.79% |
| 2020-12-31 | $17.47 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MEC Company Ltd.'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 45.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $24.16 Billion | 89.84% |
| Other Components | $2.73 Billion | 10.16% |
| Total Equity | $26.90 Billion | 100.00% |
MEC Company Ltd. Competitors by Market Cap
The table below lists competitors of MEC Company Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kangxin New Materials Co Ltd
SHG:600076
|
$380.51 Million |
|
FILTRONIC PLC LS-001
F:FTI
|
$380.53 Million |
|
Vinh Son Song Hinh Hydropower JSC
VN:VSH
|
$380.55 Million |
|
Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd
SHE:002479
|
$380.59 Million |
|
Dingli Communications Corp Ltd
SHE:300050
|
$380.27 Million |
|
Enjoyor
SHE:300020
|
$380.16 Million |
|
CellaVision AB (publ)
PINK:CLVSF
|
$380.14 Million |
|
Heilongjiang ZBD Pharmaceutical Co Ltd
SHG:603567
|
$380.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MEC Company Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,777,407,000 to 26,897,273,000, a change of 2,119,866,000 (8.6%).
- Net income of 2,291,615,000 contributed positively to equity growth.
- Dividend payments of 849,533,000 reduced retained earnings.
- Other factors increased equity by 677,784,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.29 Billion | +8.52% |
| Dividends Paid | $849.53 Million | -3.16% |
| Other Changes | $677.78 Million | +2.52% |
| Total Change | $- | 8.56% |
Book Value vs Market Value Analysis
This analysis compares MEC Company Ltd.'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: 0.02x
- 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 |
|---|---|---|---|
| 2020-12-31 | $920.60 | $25.00 | x |
| 2021-12-31 | $1102.82 | $25.00 | x |
| 2022-12-31 | $1226.98 | $25.00 | x |
| 2023-12-31 | $1323.24 | $25.00 | x |
| 2024-12-31 | $1436.45 | $25.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MEC Company Ltd. 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): 8.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.57%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.23x
- Recent ROE (8.52%) is below the historical average (10.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 9.13% | 13.35% | 0.56x | 1.23x | $-151.17 Million |
| 2021 | 14.09% | 19.61% | 0.59x | 1.21x | $856.55 Million |
| 2022 | 13.14% | 18.77% | 0.59x | 1.18x | $731.92 Million |
| 2023 | 9.30% | 16.44% | 0.49x | 1.16x | $-172.79 Million |
| 2024 | 8.52% | 12.57% | 0.55x | 1.23x | $-398.11 Million |
Industry Comparison
This section compares MEC Company Ltd.'s net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $7,181,833,981
- Average return on equity (ROE) among peers: 7.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MEC Company Ltd. (MECGF) | $27.39 Billion | 9.13% | 0.20x | $380.40 Million |
| AirBoss of America Corp (ABSSF) | $197.00 Million | -16.19% | 1.24x | $57.06 Million |
| Asia Carbon Industries Inc (ACRB) | $19.13 Million | 17.11% | 0.33x | $0.98 |
| Aimia Inc (AIMFF) | $1.29 Billion | -4.63% | 2.83x | $103.68 Million |
| L'Air Liquide S.A (AIQUF) | $11.83 Billion | 14.08% | 1.26x | $107.70 Billion |
| Akzo Nobel N.V (AKZOF) | $7.58 Billion | 14.03% | 1.29x | $9.73 Billion |
| Albemarle Corp (ALB) | $545.00 Million | 9.41% | 1.09x | $19.53 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $49.59 Billion | 15.64% | 1.50x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $97.54 Million | -5.87% | 0.01x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $333.00 Million | 14.14% | 0.12x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $345.21 Million | 13.35% | 0.40x | $212.84 Million |