Lian Hwa Foods Corp (1231) - Net Assets
Based on the latest financial reports, Lian Hwa Foods Corp (1231) has net assets worth NT$6.78 Billion TWD (≈ $213.61 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$14.69 Billion ≈ $462.94 Million USD) and total liabilities (NT$7.91 Billion ≈ $249.33 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 1231 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.78 Billion |
| % of Total Assets | 46.14% |
| Annual Growth Rate | 6.37% |
| 5-Year Change | 61.28% |
| 10-Year Change | 133.02% |
| Growth Volatility | 4.86 |
Lian Hwa Foods Corp - Net Assets Trend (2002–2024)
This chart illustrates how Lian Hwa Foods Corp's net assets have evolved over time, based on quarterly financial data. Also explore Lian Hwa Foods Corp balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Lian Hwa Foods Corp (2002–2024)
The table below shows the annual net assets of Lian Hwa Foods Corp from 2002 to 2024. For live valuation and market cap data, see Lian Hwa Foods Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.56 Billion ≈ $206.59 Million |
+13.47% |
| 2023-12-31 | NT$5.78 Billion ≈ $182.07 Million |
+11.75% |
| 2022-12-31 | NT$5.17 Billion ≈ $162.92 Million |
+13.20% |
| 2021-12-31 | NT$4.57 Billion ≈ $143.92 Million |
+12.36% |
| 2020-12-31 | NT$4.07 Billion ≈ $128.09 Million |
+11.26% |
| 2019-12-31 | NT$3.65 Billion ≈ $115.12 Million |
+6.29% |
| 2018-12-31 | NT$3.44 Billion ≈ $108.31 Million |
+9.93% |
| 2017-12-31 | NT$3.13 Billion ≈ $98.53 Million |
+3.42% |
| 2016-12-31 | NT$3.02 Billion ≈ $95.27 Million |
+7.46% |
| 2015-12-31 | NT$2.81 Billion ≈ $88.66 Million |
+7.78% |
| 2014-12-31 | NT$2.61 Billion ≈ $82.26 Million |
+2.99% |
| 2013-12-31 | NT$2.53 Billion ≈ $79.87 Million |
+9.00% |
| 2012-12-31 | NT$2.33 Billion ≈ $73.27 Million |
+8.67% |
| 2011-12-31 | NT$2.14 Billion ≈ $67.43 Million |
+8.83% |
| 2010-12-31 | NT$1.97 Billion ≈ $61.96 Million |
+12.47% |
| 2009-12-31 | NT$1.75 Billion ≈ $55.09 Million |
+1.29% |
| 2008-12-31 | NT$1.73 Billion ≈ $54.39 Million |
+0.72% |
| 2007-12-31 | NT$1.71 Billion ≈ $54.00 Million |
+1.58% |
| 2006-12-31 | NT$1.69 Billion ≈ $53.16 Million |
-0.39% |
| 2005-12-31 | NT$1.69 Billion ≈ $53.37 Million |
+0.17% |
| 2004-12-31 | NT$1.69 Billion ≈ $53.28 Million |
-0.67% |
| 2003-12-31 | NT$1.70 Billion ≈ $53.64 Million |
+1.00% |
| 2002-12-31 | NT$1.69 Billion ≈ $53.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lian Hwa Foods 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 880.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.78 Billion | 42.56% |
| Common Stock | NT$2.71 Billion | 41.49% |
| Other Comprehensive Income | NT$949.10 Million | 14.51% |
| Other Components | NT$93.84 Million | 1.44% |
| Total Equity | NT$6.54 Billion | 100.00% |
Lian Hwa Foods Corp Competitors by Market Cap
The table below lists competitors of Lian Hwa Foods Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CECEP Guozhen Environmental Protection Technology Co Ltd
SHE:300388
|
$816.20 Million |
|
Jiangxi Naipu Mining Machinery
SHE:300818
|
$816.23 Million |
|
Dilip Buildcon Limited
NSE:DBL
|
$816.55 Million |
|
PROSEGUR CASH UNSP.ADR/5
F:PQD0
|
$816.56 Million |
|
Hyosung Advanced Materials Corp
KO:298050
|
$816.02 Million |
|
VBG Group AB (publ)
ST:VBG-B
|
$815.89 Million |
|
Gujarat Pipavav Port Limited
NSE:GPPL
|
$815.86 Million |
|
Episil-Precision Inc
TW:3016
|
$815.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lian Hwa Foods Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,760,828,000 to 6,539,360,000, a change of 778,532,000 (13.5%).
- Net income of 1,145,728,000 contributed positively to equity growth.
- Dividend payments of 394,650,000 reduced retained earnings.
- Other comprehensive income increased equity by 943,204,000.
- Other factors decreased equity by 915,750,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.15 Billion | +17.52% |
| Dividends Paid | NT$394.65 Million | -6.03% |
| Other Comprehensive Income | NT$943.20 Million | +14.42% |
| Other Changes | NT$-915.75 Million | -14.0% |
| Total Change | NT$- | 13.51% |
Book Value vs Market Value Analysis
This analysis compares Lian Hwa Foods 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: 3.60x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.24x to 3.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$6.10 | NT$86.80 | x |
| 2005-12-31 | NT$6.14 | NT$86.80 | x |
| 2006-12-31 | NT$6.13 | NT$86.80 | x |
| 2007-12-31 | NT$6.25 | NT$86.80 | x |
| 2008-12-31 | NT$6.28 | NT$86.80 | x |
| 2009-12-31 | NT$6.38 | NT$86.80 | x |
| 2010-12-31 | NT$7.20 | NT$86.80 | x |
| 2011-12-31 | NT$7.83 | NT$86.80 | x |
| 2012-12-31 | NT$8.52 | NT$86.80 | x |
| 2013-12-31 | NT$9.25 | NT$86.80 | x |
| 2014-12-31 | NT$9.57 | NT$86.80 | x |
| 2015-12-31 | NT$10.31 | NT$86.80 | x |
| 2016-12-31 | NT$11.08 | NT$86.80 | x |
| 2017-12-31 | NT$11.46 | NT$86.80 | x |
| 2018-12-31 | NT$12.60 | NT$86.80 | x |
| 2019-12-31 | NT$13.40 | NT$86.80 | x |
| 2020-12-31 | NT$14.91 | NT$86.80 | x |
| 2021-12-31 | NT$16.75 | NT$86.80 | x |
| 2022-12-31 | NT$18.97 | NT$86.80 | x |
| 2023-12-31 | NT$21.21 | NT$86.80 | x |
| 2024-12-31 | NT$24.08 | NT$86.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lian Hwa Foods Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.39%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.18x
- Recent ROE (17.52%) is above the historical average (11.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.21% | 1.83% | 1.03x | 2.23x | NT$-97.56 Million |
| 2003 | 4.91% | 2.15% | 1.12x | 2.03x | NT$-86.63 Million |
| 2004 | 3.06% | 1.51% | 1.06x | 1.91x | NT$-114.85 Million |
| 2005 | 3.14% | 1.51% | 1.15x | 1.81x | NT$-114.17 Million |
| 2006 | 2.88% | 1.41% | 1.25x | 1.64x | NT$-118.44 Million |
| 2007 | 4.78% | 2.30% | 1.29x | 1.61x | NT$-88.42 Million |
| 2008 | 5.76% | 2.60% | 1.28x | 1.73x | NT$-72.31 Million |
| 2009 | 6.84% | 3.24% | 1.18x | 1.78x | NT$-54.76 Million |
| 2010 | 15.65% | 6.87% | 1.32x | 1.72x | NT$110.29 Million |
| 2011 | 16.86% | 6.73% | 1.12x | 2.24x | NT$145.85 Million |
| 2012 | 16.01% | 7.23% | 1.06x | 2.09x | NT$139.00 Million |
| 2013 | 13.65% | 6.36% | 0.99x | 2.17x | NT$91.66 Million |
| 2014 | 8.60% | 3.79% | 0.96x | 2.37x | NT$-36.28 Million |
| 2015 | 12.78% | 5.54% | 1.00x | 2.32x | NT$77.78 Million |
| 2016 | 15.62% | 6.99% | 1.05x | 2.12x | NT$169.06 Million |
| 2017 | 13.06% | 5.78% | 1.08x | 2.09x | NT$95.18 Million |
| 2018 | 15.84% | 6.67% | 1.16x | 2.05x | NT$199.69 Million |
| 2019 | 14.40% | 6.10% | 1.15x | 2.05x | NT$160.03 Million |
| 2020 | 16.92% | 7.77% | 1.00x | 2.18x | NT$280.15 Million |
| 2021 | 17.89% | 8.55% | 1.03x | 2.02x | NT$359.07 Million |
| 2022 | 16.92% | 8.09% | 1.02x | 2.04x | NT$356.52 Million |
| 2023 | 16.83% | 8.93% | 0.83x | 2.26x | NT$393.49 Million |
| 2024 | 17.52% | 9.39% | 0.86x | 2.18x | NT$491.79 Million |
Industry Comparison
This section compares Lian Hwa Foods Corp's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $25,811,164,000
- Average return on equity (ROE) among peers: 6.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lian Hwa Foods Corp (1231) | NT$6.78 Billion | 4.21% | 1.17x | $816.18 Million |
| Wei Chuan Foods Corp (1201) | $6.86 Billion | 7.81% | 1.63x | $199.30 Million |
| Ve Wong Corp (1203) | $3.33 Billion | 6.22% | 0.95x | $326.52 Million |
| Great Wall Enterprise Co Ltd (1210) | $14.78 Billion | 7.31% | 0.91x | $1.41 Billion |
| Charoen Pokphand Enterprise Taiwan Co Ltd (1215) | $5.18 Billion | 13.27% | 0.86x | $1.29 Billion |
| Uni-President Enterprises Corp (1216) | $210.68 Billion | 9.32% | 2.50x | $12.41 Billion |
| AGV Products Corp (1217) | $5.87 Billion | 0.87% | 1.13x | $154.24 Million |
| Taisun Enterprise Co Ltd (1218) | $3.67 Billion | 6.42% | 1.09x | $290.35 Million |
| Fwusow Industry Co Ltd (1219) | $3.64 Billion | 6.82% | 0.62x | $145.14 Million |
| Tai Roun Products Co Ltd (1220) | $2.39 Billion | 3.24% | 0.27x | $69.47 Million |
| Formosa Oilseed Processing Co Ltd (1225) | $1.71 Billion | 0.00% | 0.96x | $244.25 Million |
About Lian Hwa Foods Corp
Lian Hwa Foods Corporation engages in the manufacture, processing, trade, wholesale, and retail of food products in Taiwan and internationally. It operates through Snack Food and RTE (Ready-to-Eat) Foods segments. The company's products portfolio include seaweed, squid, pasta, rice bran, beans, nuts, melon seeds, jams, beverages, sugar, candy, biscuits, peanut butter, and other products. It also … Read more