Taiwan Cement Corp
TCC Group Holdings Co., Ltd. engages in the production and sale of cement and ready-mix concrete in Taiwan. The company operates through Cement, Electricity and Energy, and Other segments. It is also involved in the thermal, photovoltaic, wind, geothermal and renewable power generation; research, development, production, and sale of rechargeable lithium-ion batteries and battery modules; marine a… Read more
Taiwan Cement Corp (TGBMF) - Net Assets
Latest net assets as of September 2025: $280.57 Billion USD
Based on the latest financial reports, Taiwan Cement Corp (TGBMF) has net assets worth $280.57 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($581.08 Billion) and total liabilities ($300.51 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 | $280.57 Billion |
| % of Total Assets | 48.28% |
| Annual Growth Rate | 7.96% |
| 5-Year Change | 40.71% |
| 10-Year Change | 98.03% |
| Growth Volatility | 11.58 |
Taiwan Cement Corp - Net Assets Trend (2006–2024)
This chart illustrates how Taiwan Cement 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 Taiwan Cement Corp (2006–2024)
The table below shows the annual net assets of Taiwan Cement Corp from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $307.91 Billion | +21.27% |
| 2023-12-31 | $253.90 Billion | +6.56% |
| 2022-12-31 | $238.28 Billion | +5.59% |
| 2021-12-31 | $225.65 Billion | +3.12% |
| 2020-12-31 | $218.83 Billion | +4.97% |
| 2019-12-31 | $208.46 Billion | +5.61% |
| 2018-12-31 | $197.38 Billion | +29.30% |
| 2017-12-31 | $152.65 Billion | +3.56% |
| 2016-12-31 | $147.40 Billion | -5.20% |
| 2015-12-31 | $155.48 Billion | -4.03% |
| 2014-12-31 | $162.02 Billion | +5.47% |
| 2013-12-31 | $153.62 Billion | +16.60% |
| 2012-12-31 | $131.74 Billion | +1.87% |
| 2011-12-31 | $129.32 Billion | +3.85% |
| 2010-12-31 | $124.53 Billion | +23.16% |
| 2009-12-31 | $101.11 Billion | +12.04% |
| 2008-12-31 | $90.25 Billion | -12.28% |
| 2007-12-31 | $102.89 Billion | +32.73% |
| 2006-12-31 | $77.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Cement 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 946.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $72.77 Billion | 29.33% |
| Common Stock | $75.51 Billion | 30.44% |
| Other Comprehensive Income | $23.76 Billion | 9.58% |
| Other Components | $76.06 Billion | 30.66% |
| Total Equity | $248.10 Billion | 100.00% |
Taiwan Cement Corp Competitors by Market Cap
The table below lists competitors of Taiwan Cement Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kikkoman Corporation
PINK:KIKOF
|
$6.63 Billion |
|
Idemitsu Kosan Co.Ltd
OTCGREY:IDKOF
|
$6.63 Billion |
|
Power Finance Corporation Limited
NSE:PFC
|
$6.63 Billion |
|
7TB
F:7TB
|
$6.64 Billion |
|
Deutsche Lufthansa AG
OTCQX:DLAKF
|
$6.63 Billion |
|
Poste Italiane SpA
PINK:PITAF
|
$6.62 Billion |
|
Alstom SA
PINK:AOMFF
|
$6.62 Billion |
|
Fortum Oyj
PINK:FOJCF
|
$6.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Cement Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 230,933,254,000 to 248,097,494,000, a change of 17,164,240,000 (7.4%).
- Net income of 11,259,317,000 contributed positively to equity growth.
- Dividend payments of 9,419,858,000 reduced retained earnings.
- Other comprehensive income increased equity by 14,297,772,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $11.26 Billion | +4.54% |
| Dividends Paid | $9.42 Billion | -3.8% |
| Other Comprehensive Income | $14.30 Billion | +5.76% |
| Other Changes | $1.03 Billion | +0.41% |
| Total Change | $- | 7.43% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Cement 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: 0.03x
- 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 |
|---|---|---|---|
| 2006-12-31 | $16.87 | $0.99 | x |
| 2007-12-31 | $22.74 | $0.99 | x |
| 2008-12-31 | $15.89 | $0.99 | x |
| 2009-12-31 | $17.68 | $0.99 | x |
| 2010-12-31 | $21.12 | $0.99 | x |
| 2011-12-31 | $19.27 | $0.99 | x |
| 2012-12-31 | $19.87 | $0.99 | x |
| 2013-12-31 | $22.52 | $0.99 | x |
| 2014-12-31 | $23.49 | $0.99 | x |
| 2015-12-31 | $21.51 | $0.99 | x |
| 2016-12-31 | $21.26 | $0.99 | x |
| 2017-12-31 | $26.50 | $0.99 | x |
| 2018-12-31 | $30.28 | $0.99 | x |
| 2019-12-31 | $29.19 | $0.99 | x |
| 2020-12-31 | $30.33 | $0.99 | x |
| 2021-12-31 | $30.39 | $0.99 | x |
| 2022-12-31 | $30.29 | $0.99 | x |
| 2023-12-31 | $30.15 | $0.99 | x |
| 2024-12-31 | $31.29 | $0.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Cement 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): 4.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.28%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.39x
- Recent ROE (4.54%) is below the historical average (7.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 8.87% | 10.59% | 0.40x | 2.08x | $-874.17 Million |
| 2007 | 8.02% | 10.77% | 0.40x | 1.87x | $-2.03 Billion |
| 2008 | 8.00% | 7.34% | 0.42x | 2.59x | $-1.44 Billion |
| 2009 | 9.39% | 8.55% | 0.42x | 2.59x | $-486.48 Million |
| 2010 | 8.46% | 7.56% | 0.41x | 2.76x | $-1.46 Billion |
| 2011 | 8.91% | 7.27% | 0.45x | 2.71x | $-1.06 Billion |
| 2012 | 7.75% | 6.48% | 0.46x | 2.62x | $-2.25 Billion |
| 2013 | 8.87% | 8.64% | 0.41x | 2.50x | $-1.28 Billion |
| 2014 | 9.18% | 9.15% | 0.40x | 2.48x | $-967.02 Million |
| 2015 | 5.35% | 6.17% | 0.32x | 2.71x | $-5.03 Billion |
| 2016 | 5.96% | 7.10% | 0.34x | 2.50x | $-4.32 Billion |
| 2017 | 5.57% | 7.72% | 0.36x | 2.00x | $-6.04 Billion |
| 2018 | 11.67% | 17.00% | 0.36x | 1.90x | $3.03 Billion |
| 2019 | 12.50% | 19.72% | 0.33x | 1.90x | $4.84 Billion |
| 2020 | 12.30% | 21.95% | 0.29x | 1.91x | $4.69 Billion |
| 2021 | 9.91% | 18.92% | 0.24x | 2.16x | $-191.37 Million |
| 2022 | 2.48% | 4.74% | 0.25x | 2.11x | $-16.38 Billion |
| 2023 | 3.46% | 7.32% | 0.23x | 2.03x | $-15.10 Billion |
| 2024 | 4.54% | 7.28% | 0.26x | 2.39x | $-13.55 Billion |
Industry Comparison
This section compares Taiwan Cement Corp's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $78,983,864,921
- Average return on equity (ROE) among peers: -918.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Cement Corp (TGBMF) | $280.57 Billion | 8.87% | 1.07x | $6.63 Billion |
| Anhui Conch Cement Co Ltd (AHCHY) | $6.85 Billion | 5.94% | 1.81x | $19.28 Billion |
| Amrize Ltd (AMRZ) | $8.21 Billion | 13.50% | 1.52x | $27.46 Billion |
| Basanite Inc (BASA) | $181.76K | -9065.80% | 27.67x | $7.57 Million |
| PT Berkah Beton Sadaya Tbk (BHBSY) | $771.79 Billion | 15.93% | 0.06x | $360.00 Million |
| BRDNF (BRDNF) | $1.11 Billion | 9.50% | 0.69x | $1.54 Billion |
| Brickworks Limited (BRKWF) | $1.84 Billion | 4.25% | 0.37x | $1.23 Billion |
| Capstone Holding Corp. Common Stock (CAPS) | $-879.00K | 0.00% | 0.00x | $3.74 Million |
| Capstone Therapeutics Corp (CAPS) | $3.10 Million | -134.29% | 0.09x | $80.00K |
| Captivision Inc. (CAPT) | $-12.26 Million | 0.00% | 0.00x | $11.82 Million |
| China GengSheng Minerals Inc (CHGS) | $40.48 Million | -33.45% | 3.01x | $0.97 |