Asia Cement Corp (1102) - Net Assets
Based on the latest financial reports, Asia Cement Corp (1102) has net assets worth NT$196.32 Billion TWD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$317.38 Billion) and total liabilities (NT$121.05 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 | NT$196.32 Billion |
| % of Total Assets | 61.86% |
| Annual Growth Rate | 7.73% |
| 5-Year Change | 20.58% |
| 10-Year Change | 32.29% |
| Growth Volatility | 12.02 |
Asia Cement Corp - Net Assets Trend (2000–2024)
This chart illustrates how Asia 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 Asia Cement Corp (2000–2024)
The table below shows the annual net assets of Asia Cement Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$204.85 Billion | +6.77% |
| 2023-12-31 | NT$191.86 Billion | +4.14% |
| 2022-12-31 | NT$184.23 Billion | +2.20% |
| 2021-12-31 | NT$180.27 Billion | +6.11% |
| 2020-12-31 | NT$169.89 Billion | +0.26% |
| 2019-12-31 | NT$169.45 Billion | +6.54% |
| 2018-12-31 | NT$159.05 Billion | +9.09% |
| 2017-12-31 | NT$145.80 Billion | +3.65% |
| 2016-12-31 | NT$140.66 Billion | -9.16% |
| 2015-12-31 | NT$154.85 Billion | -4.25% |
| 2014-12-31 | NT$161.73 Billion | +50.67% |
| 2013-12-31 | NT$107.34 Billion | +7.10% |
| 2012-12-31 | NT$100.23 Billion | -2.08% |
| 2011-12-31 | NT$102.36 Billion | +11.72% |
| 2010-12-31 | NT$91.61 Billion | +22.01% |
| 2009-12-31 | NT$75.09 Billion | -2.75% |
| 2008-12-31 | NT$77.20 Billion | +1.19% |
| 2007-12-31 | NT$76.30 Billion | +23.04% |
| 2006-12-31 | NT$62.01 Billion | +18.03% |
| 2005-12-31 | NT$52.54 Billion | +16.51% |
| 2004-12-31 | NT$45.09 Billion | +12.51% |
| 2003-12-31 | NT$40.08 Billion | +14.60% |
| 2002-12-31 | NT$34.98 Billion | +5.13% |
| 2001-12-31 | NT$33.27 Billion | -3.03% |
| 2000-12-31 | NT$34.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia 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 5682.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$34.44 Billion | 18.99% |
| Common Stock | NT$35.47 Billion | 19.56% |
| Other Comprehensive Income | NT$103.20 Billion | 56.91% |
| Other Components | NT$8.24 Billion | 4.54% |
| Total Equity | NT$181.35 Billion | 100.00% |
Asia Cement Corp Competitors by Market Cap
The table below lists competitors of Asia Cement Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Container Corporation of India Limited
NSE:CONCOR
|
$3.98 Billion |
|
VICTORIAS SECRECT DL -01
F:8FR
|
$3.99 Billion |
|
Aris Mining Corporation
NYSE MKT:ARMN
|
$3.99 Billion |
|
Hualan Biological EngineeringInc
SHE:002007
|
$3.99 Billion |
|
The Macerich Company
F:M6G
|
$3.98 Billion |
|
Housing & Urban Development Corporation Limited
NSE:HUDCO
|
$3.98 Billion |
|
The Brink's Company
F:PTY
|
$3.98 Billion |
|
TRI Pointe Homes Inc
NYSE:TPH
|
$3.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Cement Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 169,169,896,000 to 181,347,447,000, a change of 12,177,551,000 (7.2%).
- Net income of 12,889,728,000 contributed positively to equity growth.
- Dividend payments of 7,447,762,000 reduced retained earnings.
- Other comprehensive income increased equity by 95,978,116,000.
- Other factors decreased equity by 89,242,531,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$12.89 Billion | +7.11% |
| Dividends Paid | NT$7.45 Billion | -4.11% |
| Other Comprehensive Income | NT$95.98 Billion | +52.92% |
| Other Changes | NT$-89.24 Billion | -49.21% |
| Total Change | NT$- | 7.20% |
Book Value vs Market Value Analysis
This analysis compares Asia 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: 0.66x
- 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 2.01x to 0.66x 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$17.76 | NT$35.65 | x |
| 2007-12-31 | NT$21.49 | NT$35.65 | x |
| 2008-12-31 | NT$19.23 | NT$35.65 | x |
| 2009-12-31 | NT$22.26 | NT$35.65 | x |
| 2010-12-31 | NT$23.30 | NT$35.65 | x |
| 2011-12-31 | NT$25.70 | NT$35.65 | x |
| 2012-12-31 | NT$25.81 | NT$35.65 | x |
| 2013-12-31 | NT$26.31 | NT$35.65 | x |
| 2014-12-31 | NT$41.30 | NT$35.65 | x |
| 2015-12-31 | NT$39.37 | NT$35.65 | x |
| 2016-12-31 | NT$37.56 | NT$35.65 | x |
| 2017-12-31 | NT$40.49 | NT$35.65 | x |
| 2018-12-31 | NT$43.19 | NT$35.65 | x |
| 2019-12-31 | NT$44.10 | NT$35.65 | x |
| 2020-12-31 | NT$44.59 | NT$35.65 | x |
| 2021-12-31 | NT$47.34 | NT$35.65 | x |
| 2022-12-31 | NT$48.46 | NT$35.65 | x |
| 2023-12-31 | NT$50.95 | NT$35.65 | x |
| 2024-12-31 | NT$54.17 | NT$35.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Cement Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.89%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.83x
- Recent ROE (7.11%) is below the historical average (8.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.51% | 1.43% | 0.21x | 1.67x | NT$-3.24 Billion |
| 2001 | 0.91% | 2.45% | 0.21x | 1.79x | NT$-3.01 Billion |
| 2002 | 3.32% | 6.61% | 0.24x | 2.05x | NT$-2.34 Billion |
| 2003 | 8.28% | 18.95% | 0.21x | 2.07x | NT$-687.38 Million |
| 2004 | 14.28% | 24.63% | 0.30x | 1.91x | NT$1.93 Billion |
| 2005 | 13.21% | 24.75% | 0.28x | 1.90x | NT$1.61 Billion |
| 2006 | 12.07% | 22.77% | 0.30x | 1.79x | NT$1.24 Billion |
| 2007 | 13.97% | 28.10% | 0.28x | 1.77x | NT$2.87 Billion |
| 2008 | 11.28% | 16.62% | 0.31x | 2.22x | NT$830.63 Million |
| 2009 | 10.50% | 79.15% | 0.09x | 1.48x | NT$376.51 Million |
| 2010 | 9.76% | 14.26% | 0.32x | 2.16x | NT$-187.79 Million |
| 2011 | 11.60% | 14.55% | 0.36x | 2.24x | NT$1.38 Billion |
| 2012 | 7.36% | 9.71% | 0.34x | 2.24x | NT$-2.23 Billion |
| 2013 | 7.65% | 9.70% | 0.32x | 2.43x | NT$-2.09 Billion |
| 2014 | 6.60% | 12.05% | 0.27x | 1.99x | NT$-4.82 Billion |
| 2015 | 3.58% | 7.33% | 0.25x | 1.99x | NT$-8.73 Billion |
| 2016 | 3.22% | 6.47% | 0.26x | 1.94x | NT$-8.32 Billion |
| 2017 | 4.29% | 8.43% | 0.26x | 1.94x | NT$-7.27 Billion |
| 2018 | 8.06% | 13.44% | 0.30x | 2.02x | NT$-2.67 Billion |
| 2019 | 11.95% | 19.54% | 0.30x | 2.04x | NT$2.85 Billion |
| 2020 | 9.96% | 18.80% | 0.26x | 2.01x | NT$-66.37 Million |
| 2021 | 9.60% | 16.81% | 0.28x | 2.02x | NT$-624.47 Million |
| 2022 | 7.47% | 13.30% | 0.28x | 2.02x | NT$-4.07 Billion |
| 2023 | 6.43% | 13.57% | 0.24x | 1.99x | NT$-6.03 Billion |
| 2024 | 7.11% | 16.89% | 0.23x | 1.83x | NT$-5.25 Billion |
Industry Comparison
This section compares Asia Cement Corp's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $12,368,437,556
- Average return on equity (ROE) among peers: 9.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Cement Corp (1102) | NT$196.32 Billion | 0.51% | 0.62x | $3.98 Billion |
| Chia Hsin Cement Corp (1103) | $23.68 Billion | 5.48% | 0.64x | $287.45 Million |
| Universal Cement Corp (1104) | $15.80 Billion | 8.81% | 0.23x | $638.21 Million |
| Lucky Cement Co (1108) | $4.43 Billion | -2.28% | 0.63x | $189.36 Million |
| Hsing Ta Cement Co Ltd (1109) | $9.54 Billion | 10.52% | 0.24x | $165.52 Million |
| Southeast Cement Co Ltd (1110) | $8.21 Billion | 0.28% | 0.15x | $272.91 Million |
| Taiwan Glass Ind Corp (1802) | $23.54 Billion | 9.52% | 0.23x | $5.29 Billion |
| Goldsun Building Materials Co Ltd (2504) | $23.01 Billion | 2.35% | 0.74x | $1.36 Billion |
| Lihtai Construction Enterprise Co Ltd (5520) | $2.17 Billion | 15.44% | 0.38x | $156.83 Million |
| Yonggu Group Inc (5546) | $950.64 Million | 34.53% | 2.21x | $43.72 Million |
About Asia Cement Corp
Asia Cement Corporation engages in the manufacturing and selling cement, clinker, ready-mixed concrete, and cement related products in China and Taiwan. It operates through Cement; Electric Power; Investment; Engineering; Transportation; Stainless Steel; and Leasing segments. The company also provides granulated blast-furnace slag; undertakes reforestation; and engages in leasing businesses. In a… Read more