Cathay No.1 REIT
Cathay No.1 REIT operates in Diversified REITs.
Cathay No.1 REIT (01002T) - Net Assets
Latest net assets as of December 2019: NT$26.41 Billion TWD
Based on the latest financial reports, Cathay No.1 REIT (01002T) has net assets worth NT$26.41 Billion TWD as of December 2019.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$27.32 Billion) and total liabilities (NT$915.67 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 | NT$26.41 Billion |
| % of Total Assets | 96.65% |
| Annual Growth Rate | 3.97% |
| 5-Year Change | 6.09% |
| 10-Year Change | 25.1% |
| Growth Volatility | 4.52 |
Cathay No.1 REIT - Net Assets Trend (2006–2022)
This chart illustrates how Cathay No.1 REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cathay No.1 REIT (2006–2022)
The table below shows the annual net assets of Cathay No.1 REIT from 2006 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | NT$27.85 Billion | +5.60% |
| 2021-12-31 | NT$26.38 Billion | +0.29% |
| 2020-12-31 | NT$26.30 Billion | -0.39% |
| 2019-12-31 | NT$26.41 Billion | +0.57% |
| 2018-12-31 | NT$26.26 Billion | +2.22% |
| 2017-12-31 | NT$25.69 Billion | +2.04% |
| 2016-12-31 | NT$25.17 Billion | +0.99% |
| 2015-12-31 | NT$24.92 Billion | +8.85% |
| 2014-12-31 | NT$22.90 Billion | +2.84% |
| 2013-12-31 | NT$22.27 Billion | +11.17% |
| 2012-12-31 | NT$20.03 Billion | +9.27% |
| 2011-12-31 | NT$18.33 Billion | +11.06% |
| 2010-12-31 | NT$16.50 Billion | +8.74% |
| 2009-12-31 | NT$15.18 Billion | -0.97% |
| 2008-12-31 | NT$15.33 Billion | -3.55% |
| 2007-12-31 | NT$15.89 Billion | +6.31% |
| 2006-12-31 | NT$14.95 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cathay No.1 REIT'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$27.30 Billion | 98.01% |
| Other Comprehensive Income | NT$554.44 Million | 1.99% |
| Total Equity | NT$27.85 Billion | 100.00% |
Cathay No.1 REIT Competitors by Market Cap
The table below lists competitors of Cathay No.1 REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fair Oaks Income Limited
LSE:FAIR
|
$4.06K |
|
PURSUIT DYNAMICS
BE:RNE1
|
$4.06K |
|
Fatima Fertilizer Company Ltd
KAR:FATIMA
|
$4.06K |
|
Emplocity S.A.
WAR:EMP
|
$4.07K |
|
GUANGZHOU AUTO -H-
BE:02G
|
$4.05K |
|
Effnetplattformen Holding AB
ST:EFFH
|
$4.04K |
|
Hydrogenone Capital Growth PLC
LSE:HGEN
|
$4.04K |
|
Viet Nam Construction JSC No 12
VN:V12
|
$4.04K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cathay No.1 REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 26,378,144,916 to 27,854,933,119, a change of 1,476,788,203 (5.6%).
- Net income of 554,439,052 contributed positively to equity growth.
- Other comprehensive income increased equity by 38,480,470.
- Other factors increased equity by 883,868,681.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$554.44 Million | +1.99% |
| Other Comprehensive Income | NT$38.48 Million | +0.14% |
| Other Changes | NT$883.87 Million | +3.17% |
| Total Change | NT$- | 5.60% |
Book Value vs Market Value Analysis
This analysis compares Cathay No.1 REIT'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: 0.71x
- 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.
- The price-to-book ratio has decreased from 1.32x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$10.73 | NT$14.18 | x |
| 2007-12-31 | NT$11.41 | NT$14.18 | x |
| 2008-12-31 | NT$11.00 | NT$14.18 | x |
| 2009-12-31 | NT$10.90 | NT$14.18 | x |
| 2010-12-31 | NT$11.85 | NT$14.18 | x |
| 2011-12-31 | NT$13.16 | NT$14.18 | x |
| 2012-12-31 | NT$14.38 | NT$14.18 | x |
| 2013-12-31 | NT$15.98 | NT$14.18 | x |
| 2014-12-31 | NT$16.44 | NT$14.18 | x |
| 2015-12-31 | NT$17.89 | NT$14.18 | x |
| 2016-12-31 | NT$18.07 | NT$14.18 | x |
| 2017-12-31 | NT$18.44 | NT$14.18 | x |
| 2018-12-31 | NT$18.85 | NT$14.18 | x |
| 2019-12-31 | NT$18.96 | NT$14.18 | x |
| 2020-12-31 | NT$18.88 | NT$14.18 | x |
| 2021-12-31 | NT$18.94 | NT$14.18 | x |
| 2022-12-31 | NT$20.00 | NT$14.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cathay No.1 REIT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 74.74%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.12x
- Recent ROE (1.99%) is below the historical average (2.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 3.86% | 79.39% | 0.05x | 1.01x | NT$-917.14 Million |
| 2007 | 3.82% | 81.13% | 0.05x | 1.01x | NT$-982.32 Million |
| 2008 | 4.19% | 82.80% | 0.05x | 1.01x | NT$-890.83 Million |
| 2009 | 4.07% | 82.54% | 0.05x | 1.01x | NT$-899.62 Million |
| 2010 | 3.76% | 82.75% | 0.05x | 1.01x | NT$-1.03 Billion |
| 2011 | 3.55% | 82.73% | 0.04x | 1.01x | NT$-1.18 Billion |
| 2012 | 3.37% | 82.42% | 0.04x | 1.02x | NT$-1.33 Billion |
| 2013 | 3.19% | 83.20% | 0.04x | 1.02x | NT$-1.52 Billion |
| 2014 | 3.18% | 83.14% | 0.04x | 1.03x | NT$-1.56 Billion |
| 2015 | 2.60% | 75.75% | 0.03x | 1.03x | NT$-1.84 Billion |
| 2016 | 2.48% | 75.59% | 0.03x | 1.04x | NT$-1.89 Billion |
| 2017 | 2.38% | 75.36% | 0.03x | 1.03x | NT$-1.96 Billion |
| 2018 | 2.23% | 75.33% | 0.03x | 1.03x | NT$-2.04 Billion |
| 2019 | 2.13% | 77.10% | 0.03x | 1.03x | NT$-2.08 Billion |
| 2020 | 1.79% | 75.35% | 0.02x | 1.06x | NT$-2.16 Billion |
| 2021 | 1.96% | 76.03% | 0.02x | 1.07x | NT$-2.12 Billion |
| 2022 | 1.99% | 74.74% | 0.02x | 1.12x | NT$-2.23 Billion |
Industry Comparison
This section compares Cathay No.1 REIT's net assets metrics with peer companies in the Other industry.
No peer company data available for comparison.