Southeast Cement Co Ltd (1110) - Net Assets

Latest as of September 2025: NT$9.63 Billion TWD ≈ $303.25 Million USD

Based on the latest financial reports, Southeast Cement Co Ltd (1110) has net assets worth NT$9.63 Billion TWD (≈ $303.25 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 (NT$12.73 Billion ≈ $400.97 Million USD) and total liabilities (NT$3.10 Billion ≈ $97.72 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 1110 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets NT$9.63 Billion
% of Total Assets 75.63%
Annual Growth Rate 1.0%
5-Year Change 11.9%
10-Year Change 10.72%
Growth Volatility 2.42

Southeast Cement Co Ltd - Net Assets Trend (2002–2024)

This chart illustrates how Southeast Cement Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Southeast Cement Co Ltd's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Southeast Cement Co Ltd (2002–2024)

The table below shows the annual net assets of Southeast Cement Co Ltd from 2002 to 2024. For live valuation and market cap data, see 1110 company net worth.

Year Net Assets Change
2024-12-31 NT$9.57 Billion
≈ $301.38 Million		 +5.99%
2023-12-31 NT$9.03 Billion
≈ $284.34 Million		 +3.42%
2022-12-31 NT$8.73 Billion
≈ $274.94 Million		 +0.18%
2021-12-31 NT$8.71 Billion
≈ $274.44 Million		 +1.89%
2020-12-31 NT$8.55 Billion
≈ $269.33 Million		 -0.26%
2019-12-31 NT$8.57 Billion
≈ $270.03 Million		 +0.69%
2018-12-31 NT$8.51 Billion
≈ $268.18 Million		 -0.79%
2017-12-31 NT$8.58 Billion
≈ $270.31 Million		 -0.71%
2016-12-31 NT$8.64 Billion
≈ $272.23 Million		 +0.01%
2015-12-31 NT$8.64 Billion
≈ $272.20 Million		 -2.48%
2014-12-31 NT$8.86 Billion
≈ $279.12 Million		 +1.66%
2013-12-31 NT$8.71 Billion
≈ $274.56 Million		 +4.91%
2012-12-31 NT$8.31 Billion
≈ $261.71 Million		 +1.22%
2011-12-31 NT$8.21 Billion
≈ $258.55 Million		 -0.14%
2010-12-31 NT$8.22 Billion
≈ $258.90 Million		 -1.06%
2009-12-31 NT$8.31 Billion
≈ $261.67 Million		 +3.96%
2008-12-31 NT$7.99 Billion
≈ $251.71 Million		 -5.09%
2007-12-31 NT$8.42 Billion
≈ $265.19 Million		 +2.38%
2006-12-31 NT$8.22 Billion
≈ $259.03 Million		 +0.63%
2005-12-31 NT$8.17 Billion
≈ $257.40 Million		 +3.37%
2004-12-31 NT$7.90 Billion
≈ $249.00 Million		 +2.03%
2003-12-31 NT$7.75 Billion
≈ $244.05 Million		 +0.90%
2002-12-31 NT$7.68 Billion
≈ $241.88 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Southeast 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 43.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings NT$620.44 Million 6.59%
Common Stock NT$5.72 Billion 60.75%
Other Comprehensive Income NT$2.90 Billion 30.79%
Other Components NT$176.71 Million 1.88%
Total Equity NT$9.42 Billion 100.00%

Southeast Cement Co Ltd Competitors by Market Cap

The table below lists competitors of Southeast Cement Co Ltd ranked by their market capitalization.

Company Market Cap
Text S.A.
WAR:TXT
 $276.53 Million
Global Atomic Corp
TO:GLO
 $276.58 Million
Sangam (India) Limited
NSE:SANGAMIND
 $276.66 Million
Shenzhen Weiye Decoration Group Co Ltd
SHE:300621
 $276.75 Million
PARKEN Sport & Entertainment
CO:PARKEN
 $276.50 Million
Cross Country Healthcare Inc
NASDAQ:CCRN
 $276.49 Million
K&F Growth Acquisition Corp. II Unit
NASDAQ:KFIIU
 $276.37 Million
Polyplex (Thailand) Public Company Limited
BK:PTL-R
 $276.31 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Southeast Cement Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 8,923,610,000 to 9,415,851,000, a change of 492,241,000 (5.5%).
  • Net income of 348,485,000 contributed positively to equity growth.
  • Dividend payments of 114,400,000 reduced retained earnings.
  • Other comprehensive income increased equity by 279,487,999.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income NT$348.49 Million +3.7%
Dividends Paid NT$114.40 Million -1.21%
Other Comprehensive Income NT$279.49 Million +2.97%
Other Changes NT$-21.33 Million -0.23%
Total Change NT$- 5.52%

Book Value vs Market Value Analysis

This analysis compares Southeast 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: 0.93x
  • 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 1.08x to 0.93x 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$14.32 NT$15.40 x
2007-12-31 NT$14.72 NT$15.40 x
2008-12-31 NT$13.99 NT$15.40 x
2009-12-31 NT$14.62 NT$15.40 x
2010-12-31 NT$14.39 NT$15.40 x
2011-12-31 NT$14.29 NT$15.40 x
2012-12-31 NT$14.58 NT$15.40 x
2013-12-31 NT$15.23 NT$15.40 x
2014-12-31 NT$15.49 NT$15.40 x
2015-12-31 NT$15.10 NT$15.40 x
2016-12-31 NT$14.93 NT$15.40 x
2017-12-31 NT$14.99 NT$15.40 x
2018-12-31 NT$14.88 NT$15.40 x
2019-12-31 NT$14.96 NT$15.40 x
2020-12-31 NT$14.90 NT$15.40 x
2021-12-31 NT$15.13 NT$15.40 x
2022-12-31 NT$15.14 NT$15.40 x
2023-12-31 NT$15.65 NT$15.40 x
2024-12-31 NT$16.50 NT$15.40 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Southeast 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): 3.70%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 12.13%
  • • Asset Turnover: 0.23x
  • • Equity Multiplier: 1.35x
  • Recent ROE (3.70%) is above the historical average (1.69%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 4.34% 20.10% 0.17x 1.30x NT$-434.61 Million
2003 4.39% 20.70% 0.17x 1.27x NT$-434.38 Million
2004 3.14% 12.95% 0.20x 1.23x NT$-542.41 Million
2005 3.56% 13.72% 0.22x 1.20x NT$-525.86 Million
2006 0.83% 3.66% 0.19x 1.18x NT$-753.46 Million
2007 3.19% 14.06% 0.19x 1.18x NT$-572.83 Million
2008 0.10% 0.43% 0.19x 1.17x NT$-790.92 Million
2009 1.09% 5.52% 0.17x 1.16x NT$-739.77 Million
2010 0.61% 3.48% 0.15x 1.15x NT$-771.00 Million
2011 0.29% 1.62% 0.15x 1.15x NT$-793.90 Million
2012 0.83% 4.20% 0.18x 1.10x NT$-762.02 Million
2013 1.68% 7.21% 0.21x 1.09x NT$-722.02 Million
2014 1.61% 6.82% 0.22x 1.09x NT$-740.72 Million
2015 1.67% 7.75% 0.20x 1.09x NT$-716.53 Million
2016 1.27% 7.33% 0.16x 1.08x NT$-742.34 Million
2017 0.72% 3.58% 0.18x 1.10x NT$-792.61 Million
2018 0.77% 3.92% 0.18x 1.09x NT$-782.69 Million
2019 0.39% 2.09% 0.16x 1.14x NT$-819.28 Million
2020 0.20% 1.07% 0.16x 1.16x NT$-832.03 Million
2021 1.62% 7.58% 0.17x 1.27x NT$-722.39 Million
2022 1.25% 6.03% 0.15x 1.39x NT$-755.05 Million
2023 1.68% 6.58% 0.19x 1.32x NT$-742.84 Million
2024 3.70% 12.13% 0.23x 1.35x NT$-593.10 Million

Industry Comparison

This section compares Southeast 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: $52,964,088,333
  • Average return on equity (ROE) among peers: 6.62%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Southeast Cement Co Ltd (1110) NT$9.63 Billion 4.34% 0.32x $276.50 Million
Taiwan Cement Corp (1101) $197.38 Billion 10.73% 0.74x $5.78 Billion
Asia Cement Corp (1102) $159.05 Billion 6.99% 0.76x $3.92 Billion
Chia Hsin Cement Corp (1103) $19.28 Billion 0.08% 0.75x $279.15 Million
Universal Cement Corp (1104) $13.06 Billion 2.98% 0.20x $613.33 Million
Lucky Cement Co (1108) $4.21 Billion 0.00% 1.36x $185.53 Million
Hsing Ta Cement Co Ltd (1109) $8.63 Billion 11.17% 0.30x $166.06 Million
Taiwan Glass Ind Corp (1802) $51.66 Billion -1.36% 0.80x $6.14 Billion
Goldsun Building Materials Co Ltd (2504) $21.12 Billion 13.31% 0.64x $1.31 Billion
Lihtai Construction Enterprise Co Ltd (5520) $2.28 Billion 15.69% 0.43x $153.62 Million

About Southeast Cement Co Ltd

TW:1110 Taiwan Building Materials
Market Cap
$276.50 Million
NT$8.78 Billion TWD
Market Cap Rank
#15306 Global
#661 in Taiwan
Share Price
NT$15.40
Change (1 day)
-1.28%
52-Week Range
NT$14.40 - NT$20.95
All Time High
NT$24.80
Categories
Companies in Taiwan Building Materials
About

Southeast Cement Co., Ltd., together with its subsidiaries, manufactures and sells cement in Taiwan. The company operates through four segments: Production Department, Lease Department, Construction Department, and Engineering Department. It offers portland cement, water-quenched blast furnace slag powder, cement processed products, ready-mixed concrete, limestone, hearthstone powder, raw materia… Read more