Tongxin International Ltd
Tongxin International Ltd., through its subsidiary, Hunan Tongxin Enterprise Co Ltd., designs, manufactures, assembles, and sells engineered vehicle body structures (EVBS) in China. It supplies small, light, medium, and heavy truck EVBS covering cab forward and cab over engine layouts. The company also designs, fabricates, and tests dies and molds used in the vehicle body structure manufacturing … Read more
Tongxin International Ltd (TXIC) - Net Assets
Latest net assets as of December 2014: $25.16 Million USD
Based on the latest financial reports, Tongxin International Ltd (TXIC) has net assets worth $25.16 Million USD as of December 2014.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($116.06 Million) and total liabilities ($90.91 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 | $25.16 Million |
| % of Total Assets | 21.68% |
| Annual Growth Rate | 5.34% |
| 5-Year Change | -72.7% |
| 10-Year Change | N/A |
| Growth Volatility | 142.22 |
Tongxin International Ltd - Net Assets Trend (2005–2014)
This chart illustrates how Tongxin International 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 Tongxin International Ltd (2005–2014)
The table below shows the annual net assets of Tongxin International Ltd from 2005 to 2014.
| Year | Net Assets | Change |
|---|---|---|
| 2014-12-31 | $25.16 Million | -24.06% |
| 2013-12-31 | $33.13 Million | -13.72% |
| 2012-12-31 | $38.40 Million | -19.15% |
| 2011-12-31 | $47.50 Million | -48.47% |
| 2010-12-31 | $92.16 Million | +10.01% |
| 2009-12-31 | $83.77 Million | +4.95% |
| 2008-12-31 | $79.83 Million | +437.18% |
| 2007-12-31 | $14.86 Million | +11.57% |
| 2006-12-31 | $13.32 Million | -15.43% |
| 2005-12-31 | $15.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tongxin International 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 decreased by 1543.6% over the analyzed period, potentially due to dividend distributions or operating losses.
- The company has 30.5% of equity in treasury stock, representing shares repurchased from the open market.
Current Equity Component Breakdown (December 2014)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $15.00K | 0.06% |
| Treasury Stock | $7.68 Million | 30.54% |
| Other Comprehensive Income | $7.80 Million | 31.00% |
| Other Components | $99.09 Million | 393.96% |
| Total Equity | $25.15 Million | 100.00% |
Tongxin International Ltd Competitors by Market Cap
The table below lists competitors of Tongxin International Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Litigation Capital Management Limited
LSE:LIT
|
$1.34K |
|
Altus Property Ventures Inc
PSE:APVI
|
$1.34K |
|
TECIL Chemicals and Hydro Power Limited
NSE:TECILCHEM
|
$1.34K |
|
TURNSTAR HOLDINGS LIMITED
XBOT:TURN-EQU
|
$1.34K |
|
LTMH Public Company Limited
BK:LTMH
|
$1.34K |
|
G Enone Energy Co. Ltd.
KO:270520
|
$1.33K |
|
CONTROLADORA ALPEK SHARES
MX:CTALPEKA
|
$1.33K |
|
CARAVEL MIN
BE:STC
|
$1.33K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tongxin International Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2013 to 2014, total equity changed from 33,114,000 to 25,153,000, a change of -7,961,000 (-24.0%).
- Net loss of 8,183,000 reduced equity.
- Other comprehensive income decreased equity by 456,000.
- Other factors increased equity by 678,000.
Equity Change Factors (2013 to 2014)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.18 Million | -32.53% |
| Other Comprehensive Income | $-456.00K | -1.81% |
| Other Changes | $678.00K | +2.7% |
| Total Change | $- | -24.04% |
Book Value vs Market Value Analysis
This analysis compares Tongxin International 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: 0.00x
- 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 |
|---|---|---|---|
| 2005-12-31 | $1.49 | $0.00 | x |
| 2006-12-31 | $1.10 | $0.00 | x |
| 2007-12-31 | $1.23 | $0.00 | x |
| 2008-12-31 | $6.18 | $0.00 | x |
| 2009-12-31 | $7.07 | $0.00 | x |
| 2013-12-31 | $2.29 | $0.00 | x |
| 2014-12-31 | $1.73 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tongxin International 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): -32.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.40%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 4.61x
- Recent ROE (-32.53%) is below the historical average (2.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 4.77% | 1.28% | 1.17x | 3.19x | $-822.90K |
| 2006 | 42.82% | 8.56% | 1.02x | 4.92x | $4.37 Million |
| 2007 | 61.10% | 10.10% | 1.00x | 6.03x | $7.59 Million |
| 2008 | 25.66% | 20.83% | 0.62x | 1.98x | $12.50 Million |
| 2009 | -20.00% | -13.84% | 0.73x | 1.97x | $-25.13 Million |
| 2010 | 2.55% | 2.21% | 0.64x | 1.79x | $-6.86 Million |
| 2011 | -15.89% | -7.41% | 0.80x | 2.69x | $-12.29 Million |
| 2012 | -25.02% | -12.28% | 0.66x | 3.07x | $-13.44 Million |
| 2013 | -19.07% | -8.56% | 0.59x | 3.77x | $-9.63 Million |
| 2014 | -32.53% | -13.40% | 0.53x | 4.61x | $-10.70 Million |
Industry Comparison
This section compares Tongxin International Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $103,481,752,622
- Average return on equity (ROE) among peers: 15.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongxin International Ltd (TXIC) | $25.16 Million | 4.77% | 3.61x | $1.34K |
| Altisource Asset Management Corporation (AAMCF) | $-89.89 Million | 0.00% | 0.00x | $94.00 |
| Advance Auto Parts Inc (AAP) | $2.00 Billion | 24.66% | 2.98x | $3.18 Billion |
| AB Dynamics plc (ABDDF) | $17.52 Million | 22.12% | 0.22x | $390.81 Million |
| Adient PLC (ADNT) | $2.60 Billion | 7.88% | 2.62x | $1.54 Billion |
| Agristar Inc (AGRS) | $687.77K | -63.01% | 1.48x | $96.09 |
| Akebono Brake Industry Co. Ltd (AKBIF) | $53.88 Billion | 46.13% | 1.76x | $73.29 Million |
| Allison Transmission Holdings Inc (ALSN) | $689.00 Million | 73.15% | 5.10x | $9.85 Billion |
| Autoliv Inc (ALV) | $2.40 Billion | 11.99% | 1.21x | $7.72 Billion |
| Aptiv PLC (APTV) | $4.01 Billion | 24.68% | 2.36x | $15.08 Billion |
| Aisin Seiki Co Ltd (ASEKY) | $969.31 Billion | 5.73% | 1.14x | $5.03 Billion |