Shin Tai Industry Co Ltd
Shin Tai Industry Co., Ltd. engages in manufacturing, processing, and sale of various feeds for poultry, livestock, and fish. The company involves in purchase, transportation, and marketing of raw materials for various feeds and their products; processing, manufacturing, freezing, refrigeration, packaging, and sale of agricultural, forestry, fishery, animal husbandry, other products and their by-… Read more
Shin Tai Industry Co Ltd (1235) - Net Assets
Latest net assets as of September 2025: NT$3.08 Billion TWD
Based on the latest financial reports, Shin Tai Industry Co Ltd (1235) has net assets worth NT$3.08 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$5.55 Billion) and total liabilities (NT$2.47 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$3.08 Billion |
| % of Total Assets | 55.44% |
| Annual Growth Rate | 8.61% |
| 5-Year Change | 21.69% |
| 10-Year Change | 154.47% |
| Growth Volatility | 34.71 |
Shin Tai Industry Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Shin Tai Industry 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 Shin Tai Industry Co Ltd (2002–2024)
The table below shows the annual net assets of Shin Tai Industry Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.65 Billion | +90.48% |
| 2023-12-31 | NT$1.91 Billion | +12.81% |
| 2022-12-31 | NT$1.70 Billion | -53.04% |
| 2021-12-31 | NT$3.61 Billion | +20.60% |
| 2020-12-31 | NT$3.00 Billion | +16.03% |
| 2019-12-31 | NT$2.58 Billion | -49.18% |
| 2018-12-31 | NT$5.08 Billion | +22.25% |
| 2017-12-31 | NT$4.16 Billion | +50.34% |
| 2016-12-31 | NT$2.77 Billion | +92.98% |
| 2015-12-31 | NT$1.43 Billion | +13.05% |
| 2014-12-31 | NT$1.27 Billion | +46.38% |
| 2013-12-31 | NT$866.19 Million | -10.46% |
| 2012-12-31 | NT$967.41 Million | +6.35% |
| 2011-12-31 | NT$909.65 Million | -1.32% |
| 2010-12-31 | NT$921.82 Million | +2.12% |
| 2009-12-31 | NT$902.69 Million | +44.32% |
| 2008-12-31 | NT$625.46 Million | -14.38% |
| 2007-12-31 | NT$730.48 Million | +12.26% |
| 2006-12-31 | NT$650.70 Million | +10.24% |
| 2005-12-31 | NT$590.25 Million | +4.31% |
| 2004-12-31 | NT$565.88 Million | -7.42% |
| 2003-12-31 | NT$611.26 Million | +3.08% |
| 2002-12-31 | NT$592.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shin Tai Industry 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 558.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$604.95 Million | 18.49% |
| Common Stock | NT$1.57 Billion | 48.02% |
| Other Comprehensive Income | NT$1.64 Billion | 50.13% |
| Total Equity | NT$3.27 Billion | 100.00% |
Shin Tai Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Shin Tai Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kerur Holdings Ltd
TA:KRUR
|
$3.09 Million |
|
Mandarin Hotel Public Company Limited
BK:MANRIN
|
$3.09 Million |
|
PT Graha Mitra Asia Tbk
JK:RELF
|
$3.09 Million |
|
Val-d'Or Mining Corporation
PINK:VDOMF
|
$3.09 Million |
|
Kedoya Adyaraya Tbk PT
JK:RSGK
|
$3.08 Million |
|
Niraj Cement Structurals Limited
NSE:NIRAJ
|
$3.08 Million |
|
Casa Minerals Inc
PINK:CASXF
|
$3.08 Million |
|
Siti Networks Limited
NSE:SITINET
|
$3.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shin Tai Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,721,256,000 to 3,272,617,000, a change of 1,551,361,000 (90.1%).
- Net income of 7,191,000 contributed positively to equity growth.
- Dividend payments of 18,176,000 reduced retained earnings.
- Share repurchases of 49,106,000 reduced equity.
- Other comprehensive income increased equity by 1,527,373,000.
- Other factors increased equity by 84,079,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$7.19 Million | +0.22% |
| Dividends Paid | NT$18.18 Million | -0.56% |
| Share Repurchases | NT$49.11 Million | -1.5% |
| Other Comprehensive Income | NT$1.53 Billion | +46.67% |
| Other Changes | NT$84.08 Million | +2.57% |
| Total Change | NT$- | 90.13% |
Book Value vs Market Value Analysis
This analysis compares Shin Tai Industry 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.
- The price-to-book ratio has decreased from 5.24x to 1.01x 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$6.95 | NT$36.40 | x |
| 2010-12-31 | NT$7.10 | NT$36.40 | x |
| 2011-12-31 | NT$7.05 | NT$36.40 | x |
| 2012-12-31 | NT$7.51 | NT$36.40 | x |
| 2013-12-31 | NT$6.73 | NT$36.40 | x |
| 2014-12-31 | NT$9.83 | NT$36.40 | x |
| 2015-12-31 | NT$11.07 | NT$36.40 | x |
| 2016-12-31 | NT$21.34 | NT$36.40 | x |
| 2017-12-31 | NT$32.12 | NT$36.40 | x |
| 2018-12-31 | NT$39.29 | NT$36.40 | x |
| 2019-12-31 | NT$17.83 | NT$36.40 | x |
| 2020-12-31 | NT$20.68 | NT$36.40 | x |
| 2021-12-31 | NT$24.97 | NT$36.40 | x |
| 2022-12-31 | NT$11.04 | NT$36.40 | x |
| 2023-12-31 | NT$18.92 | NT$36.40 | x |
| 2024-12-31 | NT$36.05 | NT$36.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shin Tai Industry 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): 0.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.38%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 2.03x
- Recent ROE (0.22%) is below the historical average (4.45%), 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 | 13.03% | 6.75% | 1.30x | 1.48x | NT$17.95 Million |
| 2003 | 9.80% | 5.04% | 1.33x | 1.46x | NT$-1.19 Million |
| 2004 | 10.84% | 4.57% | 1.62x | 1.46x | NT$4.76 Million |
| 2005 | 4.34% | 2.37% | 1.21x | 1.51x | NT$-32.88 Million |
| 2006 | 2.22% | 2.15% | 0.69x | 1.50x | NT$-49.89 Million |
| 2007 | 10.50% | 12.82% | 0.56x | 1.45x | NT$3.64 Million |
| 2008 | 2.21% | 2.58% | 0.56x | 1.54x | NT$-48.14 Million |
| 2009 | 1.86% | 4.01% | 0.34x | 1.38x | NT$-72.73 Million |
| 2010 | 1.65% | 3.80% | 0.29x | 1.50x | NT$-76.29 Million |
| 2011 | 2.06% | 4.84% | 0.24x | 1.78x | NT$-71.95 Million |
| 2012 | 1.49% | 4.51% | 0.18x | 1.85x | NT$-82.20 Million |
| 2013 | -5.27% | -18.30% | 0.15x | 1.96x | NT$-132.16 Million |
| 2014 | 4.13% | 30.60% | 0.07x | 1.93x | NT$-74.44 Million |
| 2015 | 3.27% | 44.30% | 0.04x | 1.92x | NT$-96.39 Million |
| 2016 | 8.09% | 313.21% | 0.02x | 1.53x | NT$-52.79 Million |
| 2017 | 7.38% | 582.23% | 0.01x | 1.38x | NT$-108.98 Million |
| 2018 | 2.08% | 338.36% | 0.00x | 1.34x | NT$-402.39 Million |
| 2019 | 1.82% | 75.90% | 0.01x | 1.63x | NT$-211.44 Million |
| 2020 | 2.19% | 83.53% | 0.02x | 1.39x | NT$-234.10 Million |
| 2021 | 2.27% | 199.76% | 0.01x | 1.29x | NT$-279.40 Million |
| 2022 | 10.60% | 268.45% | 0.02x | 2.26x | NT$9.55 Million |
| 2023 | 5.53% | 125.75% | 0.02x | 2.51x | NT$-76.91 Million |
| 2024 | 0.22% | 6.38% | 0.02x | 2.03x | NT$-320.07 Million |
Industry Comparison
This section compares Shin Tai Industry Co Ltd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $4,077,443,400
- Average return on equity (ROE) among peers: 9.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shin Tai Industry Co Ltd (1235) | NT$3.08 Billion | 13.03% | 0.80x | $3.08 Million |
| Morn Sun Feed Mill Corp (1240) | $1.03 Billion | 13.30% | 0.66x | $50.32 Million |
| Flavor Full Foods Inc. (1260) | $2.32 Billion | 1.42% | 0.93x | $22.81 Million |
| Lytone Enterprise, Inc. (1293) | $179.91 Million | 20.35% | 0.69x | $8.11K |
| Taiwan Tea Corp (2913) | $15.79 Billion | -0.11% | 0.59x | $180.09 Million |
| Dawushan Farm Tech Co Ltd (6952) | $1.07 Billion | 14.95% | 0.85x | $20.50 Million |