Southeast Cement Co Ltd Net Assets
Southeast Cement Co Ltd net assets. Based on the latest financial reports, Southeast Cement Co Ltd (1110) has net assets worth NT$9.68 Billion TWD (≈ $304.87 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$13.37 Billion ≈ $421.12 Million USD) and total liabilities (NT$3.69 Billion ≈ $116.25 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. Also explore 1110 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$9.68 Billion |
| % of Total Assets | 72.4% |
| Annual Growth Rate | 1.0% |
| 5-Year Change | 10.73% |
| 10-Year Change | 11.62% |
| Growth Volatility | 2.37 |
Net Assets of Southeast Cement Co Ltd (2002–2025)
Net assets of Southeast Cement Co Ltd from 2002 to 2025. This chart illustrates how Southeast Cement Co Ltd's net assets have evolved over time, based on quarterly financial data. See Southeast Cement Co Ltd net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Southeast Cement Co Ltd (2002–2025)
The table below shows the annual net assets of Southeast Cement Co Ltd from 2002 to 2025. For live market cap and overall valuation, see Southeast Cement Co Ltd (1110) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$9.64 Billion ≈ $303.87 Million |
+0.83% |
| 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 |
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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 54.1% over the analyzed period, indicating profitable operations and earnings retention.
Southeast Cement Co Ltd Net Assets Breakdown (December 2025)
Southeast Cement Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$668.30 Million | 7.06% |
| Common Stock | NT$5.72 Billion | 60.42% |
| Other Comprehensive Income | NT$2.90 Billion | 30.60% |
| Other Components | NT$182.08 Million | 1.92% |
| Total Equity | NT$9.47 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 |
|---|---|
|
Huida Sanitary Ware Co Ltd
SHG:603385
|
$269.60 Million |
|
Novabase SGPS
LS:NBA
|
$269.75 Million |
|
LAVIPHARM S.A. NA EO 1
F:BXA0
|
$269.79 Million |
|
Eltel AB
ST:ELTEL
|
$269.88 Million |
|
Ser Educacional Sa
SA:SEER3
|
$269.58 Million |
|
Cohen Circle Acquisition Corp. II Class A Ordinary Shares
NASDAQ:CCII
|
$269.57 Million |
|
Silvia, Inc.
NASDAQ:SVIA
|
$269.53 Million |
|
Shenzhen Wenke Landscape Co Ltd
SHE:002775
|
$269.50 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 2024 to 2025, total equity changed from 9,415,851,000 to 9,467,253,000, a change of 51,402,000 (0.5%).
- Net income of 205,528,000 contributed positively to equity growth.
- Dividend payments of 171,600,000 reduced retained earnings.
- New share issuances of 5,070,000 increased equity.
- Other comprehensive income decreased equity by 1,829,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$205.53 Million | +2.17% |
| Dividends Paid | NT$171.60 Million | -1.81% |
| Share Issuances | NT$5.07 Million | +0.05% |
| Other Comprehensive Income | NT$-1.83 Million | -0.02% |
| Other Changes | NT$14.23 Million | +0.15% |
| Total Change | NT$- | 0.55% |
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: 1.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$14.32 | NT$15.00 | x |
| 2007-12-31 | NT$14.72 | NT$15.00 | x |
| 2008-12-31 | NT$13.99 | NT$15.00 | x |
| 2009-12-31 | NT$14.62 | NT$15.00 | x |
| 2010-12-31 | NT$14.39 | NT$15.00 | x |
| 2011-12-31 | NT$14.29 | NT$15.00 | x |
| 2012-12-31 | NT$14.58 | NT$15.00 | x |
| 2013-12-31 | NT$15.23 | NT$15.00 | x |
| 2014-12-31 | NT$15.49 | NT$15.00 | x |
| 2015-12-31 | NT$15.10 | NT$15.00 | x |
| 2016-12-31 | NT$14.93 | NT$15.00 | x |
| 2017-12-31 | NT$14.99 | NT$15.00 | x |
| 2018-12-31 | NT$14.88 | NT$15.00 | x |
| 2019-12-31 | NT$14.96 | NT$15.00 | x |
| 2020-12-31 | NT$14.90 | NT$15.00 | x |
| 2021-12-31 | NT$15.13 | NT$15.00 | x |
| 2022-12-31 | NT$15.14 | NT$15.00 | x |
| 2023-12-31 | NT$15.65 | NT$15.00 | x |
| 2024-12-31 | NT$16.50 | NT$15.00 | x |
| 2025-12-31 | NT$14.91 | NT$15.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southeast Cement Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.21%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.38x
- Recent ROE (2.17%) is above the historical average (1.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.34% | 20.10% | 0.17x | 1.30x | NT$-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 |
| 2025 | 2.17% | 7.21% | 0.22x | 1.38x | NT$-741.20 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: $28,186,199,556
- Average return on equity (ROE) among peers: 4.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southeast Cement Co Ltd (1110) | NT$9.68 Billion | 4.34% | 0.38x | $269.59 Million |
| Taiwan Cement Corp (1101) | $102.89 Billion | 8.02% | 0.87x | $6.71 Billion |
| Asia Cement Corp (1102) | $33.27 Billion | 0.91% | 0.79x | $4.22 Billion |
| Chia Hsin Cement Corp (1103) | $18.08 Billion | 1.99% | 0.65x | $281.22 Million |
| Universal Cement Corp (1104) | $19.38 Billion | 5.61% | 0.29x | $575.47 Million |
| Lucky Cement Co (1108) | $4.62 Billion | 8.22% | 0.81x | $138.99 Million |
| Hsing Ta Cement Co Ltd (1109) | $10.28 Billion | 3.42% | 0.11x | $137.58 Million |
| Taiwan Glass Ind Corp (1802) | $50.75 Billion | -1.77% | 0.99x | $6.20 Billion |
| Goldsun Building Materials Co Ltd (2504) | $12.36 Billion | 0.53% | 0.72x | $1.15 Billion |
| Lihtai Construction Enterprise Co Ltd (5520) | $2.04 Billion | 13.84% | 0.36x | $154.75 Million |
About Southeast Cement Co Ltd
Southeast Cement Co., Ltd., together with its subsidiaries, manufactures and sells cement in Taiwan. The company operates through four segments: Production Department, Leasing Department, Construction Department, and Engineering Department. It offers portland cement, water-quenched blast furnace slag powder, cement processed products, ready-mixed concrete, furnace powder, limestone, hearthstone p… Read more