Tang Palace (China) Holdings Limited
Tang Palace (China) Holdings Limited, an investment holding company, engages in the restaurant operation and food production businesses in the People's Republic of China. It operates restaurants under the Tang Palace Seafood Restaurant, Tang's Cuisine, Tang Palace, Social Place, Canton Tea Room, and Soup Delice brand names. The company is also involved in intangible asset holding; and retail and … Read more
Tang Palace (China) Holdings Limited (TNGPF) - Net Assets
Latest net assets as of December 2024: $205.21 Million USD
Based on the latest financial reports, Tang Palace (China) Holdings Limited (TNGPF) has net assets worth $205.21 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($760.43 Million) and total liabilities ($555.22 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 | $205.21 Million |
| % of Total Assets | 26.99% |
| Annual Growth Rate | 2.86% |
| 5-Year Change | -51.01% |
| 10-Year Change | -51.33% |
| Growth Volatility | 40.44 |
Tang Palace (China) Holdings Limited - Net Assets Trend (2010–2024)
This chart illustrates how Tang Palace (China) Holdings 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 Tang Palace (China) Holdings Limited (2010–2024)
The table below shows the annual net assets of Tang Palace (China) Holdings Limited from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $205.21 Million | -14.83% |
| 2023-12-31 | $240.95 Million | -1.95% |
| 2022-12-31 | $245.74 Million | -41.06% |
| 2021-12-31 | $416.92 Million | -0.47% |
| 2020-12-31 | $418.88 Million | -2.37% |
| 2019-12-31 | $429.04 Million | -14.64% |
| 2018-12-31 | $502.63 Million | -5.89% |
| 2017-12-31 | $534.07 Million | +11.43% |
| 2016-12-31 | $479.31 Million | +13.67% |
| 2015-12-31 | $421.66 Million | +4.55% |
| 2014-12-31 | $403.32 Million | +8.30% |
| 2013-12-31 | $372.42 Million | +2.02% |
| 2012-12-31 | $365.05 Million | +7.60% |
| 2011-12-31 | $339.26 Million | +145.44% |
| 2010-12-31 | $138.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tang Palace (China) Holdings 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 decreased by 47.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $24.36 Million | 11.84% |
| Common Stock | $45.82 Million | 22.28% |
| Other Components | $135.51 Million | 65.88% |
| Total Equity | $205.69 Million | 100.00% |
Tang Palace (China) Holdings Limited Competitors by Market Cap
The table below lists competitors of Tang Palace (China) Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mirasol Resources Ltd
PINK:MRZLF
|
$12.67 Million |
|
Rail Vision Ltd. Ordinary Share
NASDAQ:RVSN
|
$12.67 Million |
|
Harn Len Corporation Bhd
KLSE:7501
|
$12.68 Million |
|
Sing Tao News Corporation Limited
PINK:STAOF
|
$12.68 Million |
|
High-Tek Harness Enterprise Co Ltd
TWO:3202
|
$12.67 Million |
|
Valor Resources Limited
PINK:VOYRF
|
$12.66 Million |
|
PTL Enterprises Limited
NSE:PTL
|
$12.66 Million |
|
Daura Gold Corp.
V:DGC
|
$12.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tang Palace (China) Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 239,584,000 to 205,685,000, a change of -33,899,000 (-14.1%).
- Net loss of 18,924,000 reduced equity.
- Dividend payments of 14,780,000 reduced retained earnings.
- Other comprehensive income decreased equity by 86,515,000.
- Other factors increased equity by 86,320,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-18.92 Million | -9.2% |
| Dividends Paid | $14.78 Million | -7.19% |
| Other Comprehensive Income | $-86.52 Million | -42.06% |
| Other Changes | $86.32 Million | +41.97% |
| Total Change | $- | -14.15% |
Book Value vs Market Value Analysis
This analysis compares Tang Palace (China) Holdings 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: 0.21x
- 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 |
|---|---|---|---|
| 2010-12-31 | $0.18 | $0.04 | x |
| 2011-12-31 | $0.36 | $0.04 | x |
| 2012-12-31 | $0.35 | $0.04 | x |
| 2013-12-31 | $0.36 | $0.04 | x |
| 2014-12-31 | $0.38 | $0.04 | x |
| 2015-12-31 | $0.40 | $0.04 | x |
| 2016-12-31 | $0.45 | $0.04 | x |
| 2017-12-31 | $0.50 | $0.04 | x |
| 2018-12-31 | $0.47 | $0.04 | x |
| 2019-12-31 | $0.40 | $0.04 | x |
| 2020-12-31 | $0.39 | $0.04 | x |
| 2021-12-31 | $0.39 | $0.04 | x |
| 2022-12-31 | $0.23 | $0.04 | x |
| 2023-12-31 | $0.22 | $0.04 | x |
| 2024-12-31 | $0.19 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tang Palace (China) Holdings 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): -9.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.85%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 3.70x
- Recent ROE (-9.20%) is below the historical average (9.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 33.66% | 7.67% | 2.23x | 1.97x | $32.71 Million |
| 2011 | 14.95% | 6.80% | 1.64x | 1.34x | $16.80 Million |
| 2012 | 15.02% | 6.65% | 1.65x | 1.37x | $18.33 Million |
| 2013 | 9.92% | 4.08% | 1.73x | 1.41x | $-288.70K |
| 2014 | 13.19% | 5.38% | 1.65x | 1.48x | $12.87 Million |
| 2015 | 11.52% | 4.47% | 1.56x | 1.66x | $6.42 Million |
| 2016 | 21.14% | 8.09% | 1.61x | 1.62x | $53.22 Million |
| 2017 | 24.75% | 9.68% | 1.52x | 1.68x | $78.27 Million |
| 2018 | 23.20% | 7.72% | 1.67x | 1.80x | $65.53 Million |
| 2019 | 21.53% | 6.11% | 1.31x | 2.70x | $48.89 Million |
| 2020 | 0.76% | 0.29% | 1.04x | 2.56x | $-38.46 Million |
| 2021 | 9.78% | 2.98% | 1.32x | 2.49x | $-904.50K |
| 2022 | -62.18% | -16.17% | 1.25x | 3.07x | $-176.81 Million |
| 2023 | 17.40% | 3.71% | 1.39x | 3.36x | $17.73 Million |
| 2024 | -9.20% | -1.85% | 1.34x | 3.70x | $-39.49 Million |
Industry Comparison
This section compares Tang Palace (China) Holdings Limited's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,100,683,888
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tang Palace (China) Holdings Limited (TNGPF) | $205.21 Million | 33.66% | 2.71x | $12.67 Million |
| Alsea S.A.B. de C.V (ALSSF) | $9.60 Billion | 31.08% | 7.07x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $695.30 Million | 7.75% | 2.14x | $952.86 Million |
| AmRest Holdings SE (ARHOF) | $264.70 Million | -68.76% | 6.99x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $7.80 Million | -3.85% | 0.72x | $10.36 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $5.62 Million | -39.20% | 3.43x | $1.94 |
| Flanigans Enterprises Inc (BDL) | $7.67 Million | 17.79% | 0.46x | $18.25 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $2.41 Million | -143.08% | 1.53x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $78.95 Million | -131.01% | 2.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $1.80 Million | 233.33% | 36.28x | $310.04 Million |
| BJs Restaurants Inc (BJRI) | $345.51 Million | 1.18% | 2.51x | $663.68 Million |