Shin Tai Industry Co Ltd (1235) - Net Assets
Based on the latest financial reports, Shin Tai Industry Co Ltd (1235) has net assets worth NT$3.16 Billion TWD (≈ $99.59 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.56 Billion ≈ $175.21 Million USD) and total liabilities (NT$2.40 Billion ≈ $75.61 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 Shin Tai Industry Co Ltd (1235) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.16 Billion |
| % of Total Assets | 56.84% |
| Annual Growth Rate | 7.55% |
| 5-Year Change | -12.55% |
| 10-Year Change | 14.28% |
| Growth Volatility | 34.41 |
Shin Tai Industry Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Shin Tai Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shin Tai Industry Co Ltd (1235) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shin Tai Industry Co Ltd (2002–2025)
The table below shows the annual net assets of Shin Tai Industry Co Ltd from 2002 to 2025. For live valuation and market cap data, see Shin Tai Industry Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.16 Billion ≈ $99.59 Million |
-13.34% |
| 2024-12-31 | NT$3.65 Billion ≈ $114.92 Million |
+90.48% |
| 2023-12-31 | NT$1.91 Billion ≈ $60.33 Million |
+12.81% |
| 2022-12-31 | NT$1.70 Billion ≈ $53.48 Million |
-53.04% |
| 2021-12-31 | NT$3.61 Billion ≈ $113.89 Million |
+20.60% |
| 2020-12-31 | NT$3.00 Billion ≈ $94.43 Million |
+16.03% |
| 2019-12-31 | NT$2.58 Billion ≈ $81.39 Million |
-49.18% |
| 2018-12-31 | NT$5.08 Billion ≈ $160.16 Million |
+22.25% |
| 2017-12-31 | NT$4.16 Billion ≈ $131.01 Million |
+50.34% |
| 2016-12-31 | NT$2.77 Billion ≈ $87.15 Million |
+92.98% |
| 2015-12-31 | NT$1.43 Billion ≈ $45.16 Million |
+13.05% |
| 2014-12-31 | NT$1.27 Billion ≈ $39.95 Million |
+46.38% |
| 2013-12-31 | NT$866.19 Million ≈ $27.29 Million |
-10.46% |
| 2012-12-31 | NT$967.41 Million ≈ $30.48 Million |
+6.35% |
| 2011-12-31 | NT$909.65 Million ≈ $28.66 Million |
-1.32% |
| 2010-12-31 | NT$921.82 Million ≈ $29.04 Million |
+2.12% |
| 2009-12-31 | NT$902.69 Million ≈ $28.44 Million |
+44.32% |
| 2008-12-31 | NT$625.46 Million ≈ $19.71 Million |
-14.38% |
| 2007-12-31 | NT$730.48 Million ≈ $23.01 Million |
+12.26% |
| 2006-12-31 | NT$650.70 Million ≈ $20.50 Million |
+10.24% |
| 2005-12-31 | NT$590.25 Million ≈ $18.60 Million |
+4.31% |
| 2004-12-31 | NT$565.88 Million ≈ $17.83 Million |
-7.42% |
| 2003-12-31 | NT$611.26 Million ≈ $19.26 Million |
+3.08% |
| 2002-12-31 | NT$592.99 Million ≈ $18.68 Million |
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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 856.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$879.02 Million | 30.36% |
| Common Stock | NT$1.89 Billion | 65.13% |
| Other Comprehensive Income | NT$971.20 Million | 33.55% |
| Total Equity | NT$2.90 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 |
|---|---|
|
Epitomee Medical Ltd
TA:EPIT
|
$54.90 Million |
|
Flag Ship Acquisition Corp. Ordinary Shares
NASDAQ:FSHP
|
$54.93 Million |
|
Playstudios Inc
NASDAQ:MYPS
|
$54.93 Million |
|
LEIFRAS Co., Ltd. American Depositary Shares
NASDAQ:LFS
|
$54.94 Million |
|
Nahar Industrial Enterprises Limited
NSE:NAHARINDUS
|
$54.83 Million |
|
Genesem Inc
KQ:217190
|
$54.82 Million |
|
City Service SE
WAR:CTS
|
$54.81 Million |
|
XCF Global, Inc. Class A Common Stock
NASDAQ:SAFX
|
$54.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shin Tai Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,272,617,000 to 2,895,188,000, a change of -377,429,000 (-11.5%).
- Net loss of 2,937,000 reduced equity.
- Dividend payments of 36,803,000 reduced retained earnings.
- Share repurchases of 626,000 reduced equity.
- Other comprehensive income decreased equity by 669,423,000.
- Other factors increased equity by 332,360,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-2.94 Million | -0.1% |
| Dividends Paid | NT$36.80 Million | -1.27% |
| Share Repurchases | NT$626.00K | -0.02% |
| Other Comprehensive Income | NT$-669.42 Million | -23.12% |
| Other Changes | NT$332.36 Million | +11.48% |
| Total Change | NT$- | -11.53% |
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: 1.30x
- 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 5.51x to 1.30x 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$38.30 | x |
| 2010-12-31 | NT$7.10 | NT$38.30 | x |
| 2011-12-31 | NT$7.05 | NT$38.30 | x |
| 2012-12-31 | NT$7.51 | NT$38.30 | x |
| 2013-12-31 | NT$6.73 | NT$38.30 | x |
| 2014-12-31 | NT$9.83 | NT$38.30 | x |
| 2015-12-31 | NT$11.07 | NT$38.30 | x |
| 2016-12-31 | NT$21.34 | NT$38.30 | x |
| 2017-12-31 | NT$32.12 | NT$38.30 | x |
| 2018-12-31 | NT$39.29 | NT$38.30 | x |
| 2019-12-31 | NT$17.83 | NT$38.30 | x |
| 2020-12-31 | NT$20.68 | NT$38.30 | x |
| 2021-12-31 | NT$24.97 | NT$38.30 | x |
| 2022-12-31 | NT$11.04 | NT$38.30 | x |
| 2023-12-31 | NT$18.92 | NT$38.30 | x |
| 2024-12-31 | NT$36.05 | NT$38.30 | x |
| 2025-12-31 | NT$29.57 | NT$38.30 | 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): -0.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.67%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.92x
- Recent ROE (-0.10%) is below the historical average (4.26%), 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$-320.07 Million |
| 2025 | -0.10% | -1.67% | 0.03x | 1.92x | NT$-292.46 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: $7,895,653,000
- Average return on equity (ROE) among peers: 10.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shin Tai Industry Co Ltd (1235) | NT$3.16 Billion | 13.03% | 0.76x | $54.85 Million |
| Morn Sun Feed Mill Corp (1240) | $1.03 Billion | 13.30% | 0.66x | $81.10 Million |
| Taiwan Tea Corp (2913) | $14.77 Billion | 6.93% | 0.50x | $276.27 Million |
About 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