Hsing Ta Cement Co Ltd
Hsing Ta Cement Co.,Ltd produces and sells cement and clinker products in Taiwan and China. The company offers Portland, low-alkali, hydraulic mixed cement, and dry-mixed cement sand, as well as building materials, special cement clinker, silicate cement clinker, mineral powder, and stones. It also engages in quarrying, processing, warehousing, and distributing of minerals; manufacturing, process… Read more
Hsing Ta Cement Co Ltd (1109) - Net Assets
Latest net assets as of September 2025: NT$9.96 Billion TWD
Based on the latest financial reports, Hsing Ta Cement Co Ltd (1109) has net assets worth NT$9.96 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$11.00 Billion) and total liabilities (NT$1.04 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$9.96 Billion |
| % of Total Assets | 90.53% |
| Annual Growth Rate | 2.74% |
| 5-Year Change | 6.93% |
| 10-Year Change | 59.7% |
| Growth Volatility | 5.27 |
Hsing Ta Cement Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Hsing Ta Cement Co 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 Hsing Ta Cement Co Ltd (2002–2024)
The table below shows the annual net assets of Hsing Ta Cement Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$10.20 Billion | +2.11% |
| 2023-12-31 | NT$9.99 Billion | +3.38% |
| 2022-12-31 | NT$9.66 Billion | -1.92% |
| 2021-12-31 | NT$9.85 Billion | +3.27% |
| 2020-12-31 | NT$9.54 Billion | +10.55% |
| 2019-12-31 | NT$8.63 Billion | +12.22% |
| 2018-12-31 | NT$7.69 Billion | +13.17% |
| 2017-12-31 | NT$6.80 Billion | +7.37% |
| 2016-12-31 | NT$6.33 Billion | -0.93% |
| 2015-12-31 | NT$6.39 Billion | -9.16% |
| 2014-12-31 | NT$7.03 Billion | -1.32% |
| 2013-12-31 | NT$7.13 Billion | +6.09% |
| 2012-12-31 | NT$6.72 Billion | -2.34% |
| 2011-12-31 | NT$6.88 Billion | +3.27% |
| 2010-12-31 | NT$6.66 Billion | -3.62% |
| 2009-12-31 | NT$6.91 Billion | +5.30% |
| 2008-12-31 | NT$6.56 Billion | +2.67% |
| 2007-12-31 | NT$6.39 Billion | -0.44% |
| 2006-12-31 | NT$6.42 Billion | +7.56% |
| 2005-12-31 | NT$5.97 Billion | +4.52% |
| 2004-12-31 | NT$5.71 Billion | +2.65% |
| 2003-12-31 | NT$5.56 Billion | -1.15% |
| 2002-12-31 | NT$5.63 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hsing Ta Cement 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 461.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.04 Billion | 36.64% |
| Common Stock | NT$3.41 Billion | 41.11% |
| Other Comprehensive Income | NT$1.83 Billion | 22.07% |
| Other Components | NT$14.53 Million | 0.18% |
| Total Equity | NT$8.30 Billion | 100.00% |
Hsing Ta Cement Co Ltd Competitors by Market Cap
The table below lists competitors of Hsing Ta Cement Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
San Shing Fastech Corp
TW:5007
|
$89.19 Million |
|
Energy Transition Minerals Ltd
AU:ETM
|
$89.22 Million |
|
PSB Holdings Inc
OTCQX:PSBQ
|
$89.23 Million |
|
Intellicheck Mobilisa Inc
NASDAQ:IDN
|
$89.24 Million |
|
Teixeira Duarte
LS:TDSA
|
$89.19 Million |
|
Yiren Digital Ltd
F:19YA
|
$89.17 Million |
|
PERENNIAL ENERGY HD-01
F:PEZ
|
$89.15 Million |
|
Far East Consortium International Limited
F:FET
|
$89.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hsing Ta Cement Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,117,677,000 to 8,298,713,000, a change of 181,036,000 (2.2%).
- Net income of 469,398,000 contributed positively to equity growth.
- Dividend payments of 409,391,000 reduced retained earnings.
- Other comprehensive income increased equity by 231,875,000.
- Other factors decreased equity by 110,846,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$469.40 Million | +5.66% |
| Dividends Paid | NT$409.39 Million | -4.93% |
| Other Comprehensive Income | NT$231.88 Million | +2.79% |
| Other Changes | NT$-110.85 Million | -1.34% |
| Total Change | NT$- | 2.23% |
Book Value vs Market Value Analysis
This analysis compares Hsing Ta Cement 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: 0.63x
- 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 0.91x to 0.63x 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$16.90 | NT$15.40 | x |
| 2010-12-31 | NT$16.34 | NT$15.40 | x |
| 2011-12-31 | NT$16.48 | NT$15.40 | x |
| 2012-12-31 | NT$16.19 | NT$15.40 | x |
| 2013-12-31 | NT$17.06 | NT$15.40 | x |
| 2014-12-31 | NT$14.90 | NT$15.40 | x |
| 2015-12-31 | NT$14.07 | NT$15.40 | x |
| 2016-12-31 | NT$15.00 | NT$15.40 | x |
| 2017-12-31 | NT$15.18 | NT$15.40 | x |
| 2018-12-31 | NT$17.58 | NT$15.40 | x |
| 2019-12-31 | NT$19.86 | NT$15.40 | x |
| 2020-12-31 | NT$21.83 | NT$15.40 | x |
| 2021-12-31 | NT$22.81 | NT$15.40 | x |
| 2022-12-31 | NT$22.66 | NT$15.40 | x |
| 2023-12-31 | NT$23.72 | NT$15.40 | x |
| 2024-12-31 | NT$24.26 | NT$15.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hsing Ta Cement Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.08%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.36x
- Recent ROE (5.66%) is below the historical average (5.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 7.41% | 23.06% | 0.27x | 1.18x | NT$-145.49 Million |
| 2003 | 3.67% | 10.55% | 0.30x | 1.16x | NT$-352.27 Million |
| 2004 | 4.90% | 11.21% | 0.37x | 1.17x | NT$-291.19 Million |
| 2005 | 5.91% | 12.75% | 0.39x | 1.17x | NT$-238.38 Million |
| 2006 | 10.30% | 21.61% | 0.41x | 1.17x | NT$18.91 Million |
| 2007 | 4.03% | 9.77% | 0.36x | 1.16x | NT$-369.85 Million |
| 2008 | 3.18% | 7.94% | 0.33x | 1.23x | NT$-404.38 Million |
| 2009 | 1.77% | 5.05% | 0.28x | 1.26x | NT$-501.10 Million |
| 2010 | -0.28% | -0.90% | 0.22x | 1.40x | NT$-604.45 Million |
| 2011 | 1.24% | 2.80% | 0.28x | 1.61x | NT$-519.87 Million |
| 2012 | 1.51% | 2.40% | 0.38x | 1.64x | NT$-495.15 Million |
| 2013 | 4.47% | 6.03% | 0.46x | 1.59x | NT$-340.12 Million |
| 2014 | 4.75% | 5.67% | 0.54x | 1.56x | NT$-313.29 Million |
| 2015 | 0.33% | 0.41% | 0.50x | 1.59x | NT$-524.13 Million |
| 2016 | 2.98% | 3.70% | 0.50x | 1.60x | NT$-379.68 Million |
| 2017 | 8.69% | 9.15% | 0.63x | 1.51x | NT$-74.39 Million |
| 2018 | 13.46% | 12.54% | 0.66x | 1.63x | NT$216.02 Million |
| 2019 | 14.13% | 12.32% | 0.70x | 1.64x | NT$281.82 Million |
| 2020 | 13.39% | 13.22% | 0.64x | 1.58x | NT$254.25 Million |
| 2021 | 11.02% | 11.69% | 0.63x | 1.49x | NT$79.78 Million |
| 2022 | 5.14% | 6.25% | 0.56x | 1.48x | NT$-377.43 Million |
| 2023 | 8.45% | 10.96% | 0.54x | 1.42x | NT$-125.88 Million |
| 2024 | 5.66% | 10.08% | 0.41x | 1.36x | NT$-360.47 Million |
Industry Comparison
This section compares Hsing Ta Cement Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $14,160,869,889
- Average return on equity (ROE) among peers: 9.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hsing Ta Cement Co Ltd (1109) | NT$9.96 Billion | 7.41% | 0.10x | $89.19 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 |
| Lucky Cement Co (1108) | $4.80 Billion | 6.57% | 0.61x | $88.91 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 |