AGV Products Corp
AGV Products Corporation engages in the manufacture, processing, and sale of canned food in Taiwan and Mainland China. The company offers drinks, beans, mushrooms, bamboo shoots, and pickles. It is also involved in the rental and sale of public housing and commercial buildings. The company was founded in 1971 and is based in Chiayi Hsien, Taiwan.
AGV Products Corp (1217) - Net Assets
Latest net assets as of September 2025: NT$8.29 Billion TWD
Based on the latest financial reports, AGV Products Corp (1217) has net assets worth NT$8.29 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$15.64 Billion) and total liabilities (NT$7.35 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$8.29 Billion |
| % of Total Assets | 53.02% |
| Annual Growth Rate | 4.1% |
| 5-Year Change | 21.48% |
| 10-Year Change | 36.71% |
| Growth Volatility | 6.75 |
AGV Products Corp - Net Assets Trend (2002–2024)
This chart illustrates how AGV Products 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 AGV Products Corp (2002–2024)
The table below shows the annual net assets of AGV Products Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.33 Billion | +10.14% |
| 2023-12-31 | NT$7.56 Billion | +0.63% |
| 2022-12-31 | NT$7.52 Billion | +1.62% |
| 2021-12-31 | NT$7.40 Billion | +7.86% |
| 2020-12-31 | NT$6.86 Billion | +6.51% |
| 2019-12-31 | NT$6.44 Billion | +2.67% |
| 2018-12-31 | NT$6.27 Billion | +2.42% |
| 2017-12-31 | NT$6.12 Billion | +1.36% |
| 2016-12-31 | NT$6.04 Billion | -0.87% |
| 2015-12-31 | NT$6.09 Billion | -2.01% |
| 2014-12-31 | NT$6.22 Billion | +6.79% |
| 2013-12-31 | NT$5.82 Billion | -0.79% |
| 2012-12-31 | NT$5.87 Billion | +1.47% |
| 2011-12-31 | NT$5.79 Billion | +9.23% |
| 2010-12-31 | NT$5.30 Billion | +6.02% |
| 2009-12-31 | NT$5.00 Billion | +2.83% |
| 2008-12-31 | NT$4.86 Billion | +27.01% |
| 2007-12-31 | NT$3.83 Billion | -5.95% |
| 2006-12-31 | NT$4.07 Billion | -2.19% |
| 2005-12-31 | NT$4.16 Billion | +13.91% |
| 2004-12-31 | NT$3.65 Billion | -0.22% |
| 2003-12-31 | NT$3.66 Billion | +6.20% |
| 2002-12-31 | NT$3.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to AGV Products 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 1530.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$295.95 Million | 3.92% |
| Common Stock | NT$4.95 Billion | 65.58% |
| Other Comprehensive Income | NT$2.03 Billion | 26.94% |
| Other Components | NT$268.14 Million | 3.56% |
| Total Equity | NT$7.54 Billion | 100.00% |
AGV Products Corp Competitors by Market Cap
The table below lists competitors of AGV Products Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Secureworks Corp
NASDAQ:SCWX
|
$116.99 Million |
|
Alvopetro Energy Ltd
OTCQX:ALVOF
|
$117.02 Million |
|
Lumina Gold Corp
OTCQX:LMGDF
|
$117.02 Million |
|
Qurate Retail Inc Series A
NASDAQ:QRTEA
|
$117.08 Million |
|
Austin Engineering Limited
PINK:AUSTF
|
$116.99 Million |
|
Baby Bunting Group Ltd
AU:BBN
|
$116.98 Million |
|
Gold Resource Corporation
NYSE MKT:GORO
|
$116.96 Million |
|
Mainstreet Bank
NASDAQ:MNSB
|
$116.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AGV Products Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,799,310,000 to 7,540,724,000, a change of 741,414,000 (10.9%).
- Net income of 286,939,000 contributed positively to equity growth.
- Dividend payments of 113,738,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,611,045,000.
- Other factors decreased equity by 1,042,832,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$286.94 Million | +3.81% |
| Dividends Paid | NT$113.74 Million | -1.51% |
| Other Comprehensive Income | NT$1.61 Billion | +21.36% |
| Other Changes | NT$-1.04 Billion | -13.83% |
| Total Change | NT$- | 10.90% |
Book Value vs Market Value Analysis
This analysis compares AGV Products 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: 0.67x
- 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 1.01x to 0.67x 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$10.11 | NT$10.25 | x |
| 2010-12-31 | NT$10.63 | NT$10.25 | x |
| 2011-12-31 | NT$11.07 | NT$10.25 | x |
| 2012-12-31 | NT$10.59 | NT$10.25 | x |
| 2013-12-31 | NT$10.22 | NT$10.25 | x |
| 2014-12-31 | NT$10.80 | NT$10.25 | x |
| 2015-12-31 | NT$10.06 | NT$10.25 | x |
| 2016-12-31 | NT$10.82 | NT$10.25 | x |
| 2017-12-31 | NT$10.95 | NT$10.25 | x |
| 2018-12-31 | NT$11.18 | NT$10.25 | x |
| 2019-12-31 | NT$11.49 | NT$10.25 | x |
| 2020-12-31 | NT$12.31 | NT$10.25 | x |
| 2021-12-31 | NT$13.38 | NT$10.25 | x |
| 2022-12-31 | NT$13.65 | NT$10.25 | x |
| 2023-12-31 | NT$13.74 | NT$10.25 | x |
| 2024-12-31 | NT$15.22 | NT$10.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AGV Products Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.61%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.97x
- Recent ROE (3.81%) is above the historical average (1.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.46% | 3.89% | 0.55x | 2.07x | NT$-190.75 Million |
| 2003 | 4.18% | 3.19% | 0.62x | 2.11x | NT$-213.00 Million |
| 2004 | 1.46% | 1.26% | 0.53x | 2.19x | NT$-311.84 Million |
| 2005 | 4.00% | 2.59% | 0.64x | 2.41x | NT$-237.10 Million |
| 2008 | 2.47% | 1.92% | 0.59x | 2.18x | NT$-330.42 Million |
| 2009 | 3.45% | 2.99% | 0.58x | 1.99x | NT$-302.27 Million |
| 2010 | 3.67% | 3.55% | 0.51x | 2.02x | NT$-305.64 Million |
| 2011 | 0.21% | 0.24% | 0.42x | 2.08x | NT$-519.78 Million |
| 2012 | 0.98% | 1.07% | 0.38x | 2.39x | NT$-472.76 Million |
| 2013 | -2.66% | -3.01% | 0.34x | 2.62x | NT$-640.09 Million |
| 2014 | -6.70% | -8.35% | 0.31x | 2.56x | NT$-891.91 Million |
| 2015 | 0.90% | 1.20% | 0.35x | 2.11x | NT$-491.62 Million |
| 2016 | 1.93% | 2.51% | 0.36x | 2.16x | NT$-431.70 Million |
| 2017 | 2.46% | 3.21% | 0.34x | 2.26x | NT$-408.55 Million |
| 2018 | 0.87% | 1.11% | 0.34x | 2.28x | NT$-505.14 Million |
| 2019 | 0.85% | 1.08% | 0.35x | 2.27x | NT$-520.02 Million |
| 2020 | 3.82% | 5.05% | 0.35x | 2.19x | NT$-376.03 Million |
| 2021 | 3.04% | 4.27% | 0.34x | 2.09x | NT$-460.95 Million |
| 2022 | 4.12% | 5.79% | 0.35x | 2.04x | NT$-397.41 Million |
| 2023 | 2.96% | 4.10% | 0.35x | 2.06x | NT$-479.00 Million |
| 2024 | 3.81% | 5.61% | 0.34x | 1.97x | NT$-467.13 Million |
Industry Comparison
This section compares AGV Products Corp's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $18,813,142,000
- Average return on equity (ROE) among peers: 8.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AGV Products Corp (1217) | NT$8.29 Billion | 4.46% | 0.89x | $116.99 Million |
| Wei Chuan Foods Corp (1201) | $5.55 Billion | 12.34% | 1.69x | $125.16 Million |
| Ve Wong Corp (1203) | $6.25 Billion | 7.16% | 0.53x | $76.18 Million |
| Great Wall Enterprise Co Ltd (1210) | $7.57 Billion | 10.72% | 1.28x | $893.11 Million |
| Charoen Pokphand Enterprise Taiwan Co Ltd (1215) | $5.36 Billion | 14.61% | 0.75x | $839.68 Million |
| Uni-President Enterprises Corp (1216) | $130.79 Billion | 9.49% | 1.59x | $10.01 Billion |
| Taisun Enterprise Co Ltd (1218) | $3.67 Billion | 6.42% | 1.09x | $108.34 Million |
| Fwusow Industry Co Ltd (1219) | $3.96 Billion | 5.13% | 1.26x | $99.99 Million |
| Tai Roun Products Co Ltd (1220) | $2.53 Billion | 5.26% | 0.26x | $37.61 Million |
| Formosa Oilseed Processing Co Ltd (1225) | $3.65 Billion | 9.29% | 1.12x | $49.69 Million |