EST Tools Co Ltd (300488) - Net Assets
Based on the latest financial reports, EST Tools Co Ltd (300488) has net assets worth CN¥1.70 Billion CNY (≈ $249.49 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.32 Billion ≈ $338.92 Million USD) and total liabilities (CN¥611.13 Million ≈ $89.43 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 300488 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.70 Billion |
| % of Total Assets | 73.61% |
| Annual Growth Rate | 18.78% |
| 5-Year Change | 36.82% |
| 10-Year Change | 145.6% |
| Growth Volatility | 21.7 |
EST Tools Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how EST Tools Co Ltd's net assets have evolved over time, based on quarterly financial data. See EST Tools Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for EST Tools Co Ltd (2011–2024)
The table below shows the annual net assets of EST Tools Co Ltd from 2011 to 2024. For live valuation and market cap data, see 300488 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.47 Billion ≈ $215.01 Million |
+6.08% |
| 2023-12-31 | CN¥1.39 Billion ≈ $202.68 Million |
+8.75% |
| 2022-12-31 | CN¥1.27 Billion ≈ $186.38 Million |
+6.02% |
| 2021-12-31 | CN¥1.20 Billion ≈ $175.80 Million |
+11.87% |
| 2020-12-31 | CN¥1.07 Billion ≈ $157.15 Million |
+5.23% |
| 2019-12-31 | CN¥1.02 Billion ≈ $149.34 Million |
+9.26% |
| 2018-12-31 | CN¥934.04 Million ≈ $136.68 Million |
+6.09% |
| 2017-12-31 | CN¥880.46 Million ≈ $128.84 Million |
+33.55% |
| 2016-12-31 | CN¥659.28 Million ≈ $96.47 Million |
+10.20% |
| 2015-12-31 | CN¥598.26 Million ≈ $87.54 Million |
+84.28% |
| 2014-12-31 | CN¥324.65 Million ≈ $47.51 Million |
+14.47% |
| 2013-12-31 | CN¥283.62 Million ≈ $41.50 Million |
+26.38% |
| 2012-12-31 | CN¥224.42 Million ≈ $32.84 Million |
+43.10% |
| 2011-12-31 | CN¥156.83 Million ≈ $22.95 Million |
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Equity Component Analysis
This analysis shows how different components contribute to EST Tools Co 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 906.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥935.96 Million | 63.70% |
| Common Stock | CN¥165.68 Million | 11.28% |
| Other Comprehensive Income | CN¥191.86 Million | 13.06% |
| Other Components | CN¥175.87 Million | 11.97% |
| Total Equity | CN¥1.47 Billion | 100.00% |
EST Tools Co Ltd Competitors by Market Cap
The table below lists competitors of EST Tools Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Keystone Reit Ltd
TA:KSTN
|
$1.06 Billion |
|
Guangzhou Metro Design And Research
SHE:003013
|
$1.06 Billion |
|
Perella Weinberg Partners
NASDAQ:PWP
|
$1.06 Billion |
|
PM Capital Global Opportunities Fund Ltd
AU:PGF
|
$1.06 Billion |
|
I.E.S Holdings Ltd
TA:IES
|
$1.06 Billion |
|
Queclink Wireless Solutions Co Ltd
SHE:300590
|
$1.06 Billion |
|
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund
NYSE:PTA
|
$1.05 Billion |
|
Corbion N.V.
F:CSU
|
$1.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EST Tools Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,385,094,301 to 1,469,358,828, a change of 84,264,527 (6.1%).
- Net income of 135,570,600 contributed positively to equity growth.
- Dividend payments of 94,404,246 reduced retained earnings.
- Share repurchases of 56,826,894 reduced equity.
- Other comprehensive income increased equity by 190,846,431.
- Other factors decreased equity by 90,921,364.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥135.57 Million | +9.23% |
| Dividends Paid | CN¥94.40 Million | -6.42% |
| Share Repurchases | CN¥56.83 Million | -3.87% |
| Other Comprehensive Income | CN¥190.85 Million | +12.99% |
| Other Changes | CN¥-90.92 Million | -6.19% |
| Total Change | CN¥- | 6.08% |
Book Value vs Market Value Analysis
This analysis compares EST Tools Co 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: 4.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 34.14x to 4.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.22 | CN¥41.68 | x |
| 2012-12-31 | CN¥1.75 | CN¥41.68 | x |
| 2013-12-31 | CN¥2.20 | CN¥41.68 | x |
| 2014-12-31 | CN¥2.54 | CN¥41.68 | x |
| 2015-12-31 | CN¥4.14 | CN¥41.68 | x |
| 2016-12-31 | CN¥4.13 | CN¥41.68 | x |
| 2017-12-31 | CN¥5.31 | CN¥41.68 | x |
| 2018-12-31 | CN¥5.66 | CN¥41.68 | x |
| 2019-12-31 | CN¥6.14 | CN¥41.68 | x |
| 2020-12-31 | CN¥6.48 | CN¥41.68 | x |
| 2021-12-31 | CN¥7.25 | CN¥41.68 | x |
| 2022-12-31 | CN¥7.69 | CN¥41.68 | x |
| 2023-12-31 | CN¥8.40 | CN¥41.68 | x |
| 2024-12-31 | CN¥8.98 | CN¥41.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EST Tools Co 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): 9.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.29%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.52x
- Recent ROE (9.23%) is below the historical average (15.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 41.79% | 44.32% | 0.57x | 1.65x | CN¥49.86 Million |
| 2012 | 30.12% | 42.13% | 0.57x | 1.25x | CN¥45.15 Million |
| 2013 | 20.87% | 39.75% | 0.45x | 1.16x | CN¥30.84 Million |
| 2014 | 20.96% | 39.27% | 0.41x | 1.29x | CN¥35.57 Million |
| 2015 | 11.37% | 37.00% | 0.29x | 1.06x | CN¥8.19 Million |
| 2016 | 11.32% | 35.68% | 0.30x | 1.06x | CN¥8.71 Million |
| 2017 | 10.92% | 29.64% | 0.31x | 1.19x | CN¥8.10 Million |
| 2018 | 7.42% | 19.10% | 0.33x | 1.19x | CN¥-24.03 Million |
| 2019 | 12.65% | 36.67% | 0.29x | 1.17x | CN¥27.01 Million |
| 2020 | 7.71% | 21.36% | 0.31x | 1.17x | CN¥-24.60 Million |
| 2021 | 12.87% | 30.37% | 0.35x | 1.23x | CN¥34.52 Million |
| 2022 | 8.76% | 21.03% | 0.34x | 1.21x | CN¥-15.78 Million |
| 2023 | 9.76% | 24.09% | 0.35x | 1.15x | CN¥-3.31 Million |
| 2024 | 9.23% | 22.29% | 0.27x | 1.52x | CN¥-11.37 Million |
Industry Comparison
This section compares EST Tools Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,839,755,130
- Average return on equity (ROE) among peers: 10.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EST Tools Co Ltd (300488) | CN¥1.70 Billion | 41.79% | 0.36x | $1.06 Billion |
| Bosun Tools Co Ltd (002282) | $3.47 Billion | 3.71% | 0.13x | $451.77 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $155.31 Million | 30.42% | 0.46x | $569.24 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.39 Billion | 3.54% | 0.46x | $416.02 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $7.62 Billion | 11.75% | 0.46x | $5.17 Billion |
| Geron Co Ltd (002722) | $187.41 Million | 10.60% | 1.11x | $408.38 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $697.54 Million | 6.89% | 0.40x | $2.24 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $2.84 Billion | 6.05% | 0.42x | $729.64 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $142.16 Million | 30.39% | 1.69x | $807.73 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $666.40 Million | 8.36% | 0.21x | $817.42 Million |
| Wafangdian Bearing Co Ltd (200706) | $1.23 Billion | -10.05% | 1.41x | $143.90 Million |
About EST Tools Co Ltd
EST Tools Co., Ltd. provides precision cutting and measuring tools in China and internationally. The company offers round and form broaches; cold forming tools; precision measuring tools; gear cutting tools; custom drilling and milling cutters; annular cutters; and thread tools and thread gauges. Its products are used in automobile, wind turbine, civil aviation, construction machinery, automation… Read more