Lucky Cement Co
Lucky Cement Co., together with its subsidiaries, manufactures and sells cement, stone, and other cement-related products in the People's Republic of China. The company offers Portland cement, ready-mixed concrete, hot cement, lower alkali Portland cement, blast furnace slag, limestone, as well as ashes. It also engages in the construction business; and provides shipping agent and maritime transp… Read more
Lucky Cement Co (1108) - Net Assets
Latest net assets as of September 2025: NT$5.69 Billion TWD
Based on the latest financial reports, Lucky Cement Co (1108) has net assets worth NT$5.69 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$10.23 Billion) and total liabilities (NT$4.54 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$5.69 Billion |
| % of Total Assets | 55.6% |
| Annual Growth Rate | 1.02% |
| 5-Year Change | 11.36% |
| 10-Year Change | 7.02% |
| Growth Volatility | 3.82 |
Lucky Cement Co - Net Assets Trend (2002–2024)
This chart illustrates how Lucky Cement Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lucky Cement Co (2002–2024)
The table below shows the annual net assets of Lucky Cement Co from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.19 Billion | +2.27% |
| 2023-12-31 | NT$5.07 Billion | +3.36% |
| 2022-12-31 | NT$4.91 Billion | +5.60% |
| 2021-12-31 | NT$4.65 Billion | -0.24% |
| 2020-12-31 | NT$4.66 Billion | +7.78% |
| 2019-12-31 | NT$4.32 Billion | +2.22% |
| 2018-12-31 | NT$4.23 Billion | -4.55% |
| 2017-12-31 | NT$4.43 Billion | -7.77% |
| 2016-12-31 | NT$4.80 Billion | -0.90% |
| 2015-12-31 | NT$4.85 Billion | +5.00% |
| 2014-12-31 | NT$4.62 Billion | +4.81% |
| 2013-12-31 | NT$4.40 Billion | +4.81% |
| 2012-12-31 | NT$4.20 Billion | +2.05% |
| 2011-12-31 | NT$4.12 Billion | +0.10% |
| 2010-12-31 | NT$4.11 Billion | -5.49% |
| 2009-12-31 | NT$4.35 Billion | +3.31% |
| 2008-12-31 | NT$4.21 Billion | -3.41% |
| 2007-12-31 | NT$4.36 Billion | -2.48% |
| 2006-12-31 | NT$4.47 Billion | +1.59% |
| 2005-12-31 | NT$4.40 Billion | +2.13% |
| 2004-12-31 | NT$4.31 Billion | +3.09% |
| 2003-12-31 | NT$4.18 Billion | +0.84% |
| 2002-12-31 | NT$4.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lucky Cement Co'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 762.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$786.64 Million | 15.17% |
| Common Stock | NT$4.05 Billion | 78.05% |
| Other Comprehensive Income | NT$351.64 Million | 6.78% |
| Other Components | NT$18.00K | 0.00% |
| Total Equity | NT$5.19 Billion | 100.00% |
Lucky Cement Co Competitors by Market Cap
The table below lists competitors of Lucky Cement Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Marine Electricals (India) Limited
NSE:MARINE
|
$88.97 Million |
|
Cubic Digital Technology Co Ltd
SHE:300344
|
$88.99 Million |
|
AVerMedia Technologies Inc
TW:2417
|
$89.03 Million |
|
Usun Technology Co Ltd
TWO:3498
|
$89.05 Million |
|
Firan Technology Group Corporation
OTCQX:FTGFF
|
$88.91 Million |
|
PSP Projects Limited
NSE:PSPPROJECT
|
$88.89 Million |
|
Bhansali Engineering Polymers Limited
NSE:BEPL
|
$88.83 Million |
|
Boen Group Co. Ltd. Cl A
SHE:001366
|
$88.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lucky Cement Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,070,758,000 to 5,185,678,000, a change of 114,920,000 (2.3%).
- Net income of 493,938,000 contributed positively to equity growth.
- Dividend payments of 404,738,000 reduced retained earnings.
- Other comprehensive income increased equity by 388,312,000.
- Other factors decreased equity by 362,592,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$493.94 Million | +9.53% |
| Dividends Paid | NT$404.74 Million | -7.8% |
| Other Comprehensive Income | NT$388.31 Million | +7.49% |
| Other Changes | NT$-362.59 Million | -6.99% |
| Total Change | NT$- | 2.27% |
Book Value vs Market Value Analysis
This analysis compares Lucky Cement Co'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: 1.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.42x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$10.73 | NT$15.20 | x |
| 2010-12-31 | NT$10.15 | NT$15.20 | x |
| 2011-12-31 | NT$10.16 | NT$15.20 | x |
| 2012-12-31 | NT$10.37 | NT$15.20 | x |
| 2013-12-31 | NT$10.84 | NT$15.20 | x |
| 2014-12-31 | NT$11.29 | NT$15.20 | x |
| 2015-12-31 | NT$11.82 | NT$15.20 | x |
| 2016-12-31 | NT$11.74 | NT$15.20 | x |
| 2017-12-31 | NT$10.88 | NT$15.20 | x |
| 2018-12-31 | NT$10.44 | NT$15.20 | x |
| 2019-12-31 | NT$10.67 | NT$15.20 | x |
| 2020-12-31 | NT$11.47 | NT$15.20 | x |
| 2021-12-31 | NT$11.45 | NT$15.20 | x |
| 2022-12-31 | NT$12.06 | NT$15.20 | x |
| 2023-12-31 | NT$12.48 | NT$15.20 | x |
| 2024-12-31 | NT$12.76 | NT$15.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lucky Cement Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.15%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.01x
- Recent ROE (9.53%) is above the historical average (4.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 1.69% | 1.90% | 0.38x | 2.35x | NT$-344.39 Million |
| 2003 | 1.98% | 2.02% | 0.42x | 2.32x | NT$-335.19 Million |
| 2004 | 4.11% | 3.54% | 0.54x | 2.16x | NT$-254.00 Million |
| 2005 | 5.07% | 3.82% | 0.63x | 2.10x | NT$-216.49 Million |
| 2006 | 6.07% | 4.70% | 0.63x | 2.06x | NT$-175.76 Million |
| 2007 | 2.92% | 2.60% | 0.50x | 2.27x | NT$-308.41 Million |
| 2009 | 2.42% | 2.90% | 0.39x | 2.15x | NT$-329.48 Million |
| 2010 | -4.63% | -5.46% | 0.38x | 2.20x | NT$-600.67 Million |
| 2011 | -3.42% | -3.39% | 0.46x | 2.20x | NT$-551.73 Million |
| 2012 | 4.16% | 4.17% | 0.48x | 2.06x | NT$-245.14 Million |
| 2013 | 4.09% | 3.69% | 0.57x | 1.96x | NT$-259.50 Million |
| 2014 | 8.28% | 7.44% | 0.61x | 1.82x | NT$-78.92 Million |
| 2015 | 9.77% | 9.36% | 0.64x | 1.63x | NT$-11.02 Million |
| 2016 | 6.61% | 7.42% | 0.55x | 1.62x | NT$-161.84 Million |
| 2017 | -2.30% | -2.94% | 0.47x | 1.64x | NT$-541.32 Million |
| 2018 | -4.19% | -5.31% | 0.46x | 1.73x | NT$-599.66 Million |
| 2019 | 1.06% | 1.23% | 0.51x | 1.70x | NT$-386.18 Million |
| 2020 | 8.42% | 8.66% | 0.56x | 1.72x | NT$-73.42 Million |
| 2021 | 5.64% | 6.96% | 0.47x | 1.73x | NT$-202.35 Million |
| 2022 | 11.85% | 14.01% | 0.43x | 1.97x | NT$90.64 Million |
| 2023 | 10.40% | 10.35% | 0.51x | 1.97x | NT$20.06 Million |
| 2024 | 9.53% | 10.15% | 0.47x | 2.01x | NT$-24.63 Million |
Industry Comparison
This section compares Lucky Cement Co's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $14,261,915,667
- Average return on equity (ROE) among peers: 8.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lucky Cement Co (1108) | NT$5.69 Billion | 1.69% | 0.80x | $88.91 Million |
| Chia Hsin Cement Corp (1103) | $18.60 Billion | 14.70% | 0.85x | $115.31 Million |
| Universal Cement Corp (1104) | $13.38 Billion | 5.32% | 0.19x | $364.13 Million |
| Hsing Ta Cement Co Ltd (1109) | $5.71 Billion | 4.90% | 0.17x | $89.19 Million |
| Southeast Cement Co Ltd (1110) | $8.51 Billion | 0.77% | 0.09x | $139.76 Million |
| Taiwan Glass Ind Corp (1802) | $51.66 Billion | -1.36% | 0.80x | $2.52 Billion |
| Goldsun Building Materials Co Ltd (2504) | $25.62 Billion | 13.78% | 0.58x | $902.17 Million |
| Lihtai Construction Enterprise Co Ltd (5520) | $1.80 Billion | 3.42% | 0.25x | $51.69 Million |
| Yonggu Group Inc (5546) | $1.95 Billion | 23.73% | 1.67x | $14.85 Million |
| Wellpool Co Ltd (8424) | $1.12 Billion | 14.88% | 0.19x | $32.89 Million |