Asia Polymer Corp
Asia Polymer Corporation designs, develops, manufactures, and sells low and medium density polyethylene (LDPE) and ethylene vinyl acetate copolymer resins (EVA) in Taiwan, Asia, and internationally. The company offers LDPE resins, such as film-grade, injection molding grade, sport goods, shoe soles, extrusion casting, and laminating film-grade products, as well as products for other uses, such as… Read more
Asia Polymer Corp (1308) - Net Assets
Latest net assets as of September 2025: NT$10.45 Billion TWD
Based on the latest financial reports, Asia Polymer Corp (1308) has net assets worth NT$10.45 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$12.27 Billion) and total liabilities (NT$1.82 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$10.45 Billion |
| % of Total Assets | 85.18% |
| Annual Growth Rate | 1.21% |
| 5-Year Change | -5.17% |
| 10-Year Change | 32.06% |
| Growth Volatility | 18.11 |
Asia Polymer Corp - Net Assets Trend (2000–2024)
This chart illustrates how Asia Polymer 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 Asia Polymer Corp (2000–2024)
The table below shows the annual net assets of Asia Polymer Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$11.48 Billion | -13.91% |
| 2023-12-31 | NT$13.34 Billion | -6.17% |
| 2022-12-31 | NT$14.22 Billion | -8.05% |
| 2021-12-31 | NT$15.46 Billion | +27.68% |
| 2020-12-31 | NT$12.11 Billion | +18.37% |
| 2019-12-31 | NT$10.23 Billion | +6.51% |
| 2018-12-31 | NT$9.60 Billion | -2.16% |
| 2017-12-31 | NT$9.82 Billion | +3.36% |
| 2016-12-31 | NT$9.50 Billion | +9.22% |
| 2015-12-31 | NT$8.70 Billion | -3.96% |
| 2014-12-31 | NT$9.05 Billion | -1.37% |
| 2013-12-31 | NT$9.18 Billion | -2.85% |
| 2012-12-31 | NT$9.45 Billion | +6.04% |
| 2011-12-31 | NT$8.91 Billion | +9.40% |
| 2010-12-31 | NT$8.14 Billion | +24.65% |
| 2009-12-31 | NT$6.53 Billion | +29.12% |
| 2008-12-31 | NT$5.06 Billion | -18.89% |
| 2007-12-31 | NT$6.24 Billion | +26.04% |
| 2006-12-31 | NT$4.95 Billion | +11.92% |
| 2005-12-31 | NT$4.42 Billion | +5.86% |
| 2004-12-31 | NT$4.18 Billion | +11.82% |
| 2003-12-31 | NT$3.74 Billion | +1.34% |
| 2002-12-31 | NT$3.69 Billion | +6.90% |
| 2001-12-31 | NT$3.45 Billion | -59.96% |
| 2000-12-31 | NT$8.61 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia Polymer 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 1227.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.76 Billion | 24.06% |
| Common Stock | NT$5.94 Billion | 51.70% |
| Other Comprehensive Income | NT$2.77 Billion | 24.14% |
| Other Components | NT$11.49 Million | 0.10% |
| Total Equity | NT$11.48 Billion | 100.00% |
Asia Polymer Corp Competitors by Market Cap
The table below lists competitors of Asia Polymer Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aten International Co Ltd
TW:6277
|
$156.92 Million |
|
Sang-A Frontec Co.Ltd
KQ:089980
|
$156.94 Million |
|
Inhwa Precision Co. Ltd
KQ:101930
|
$156.96 Million |
|
Jiangxi Everbright Measurement Cont
SHE:300906
|
$156.97 Million |
|
POLARIS RENEWABLE ENERGY
F:N4T
|
$156.89 Million |
|
Eledon Pharmaceuticals Inc
NASDAQ:ELDN
|
$156.79 Million |
|
Jiangsu Daybright Intelligent Electric Co Ltd
SHE:300670
|
$156.79 Million |
|
Indo Thai Securities Limited
NSE:INDOTHAI
|
$156.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Polymer Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,339,084,000 to 11,483,692,000, a change of -1,855,392,000 (-13.9%).
- Net loss of 750,500,000 reduced equity.
- Dividend payments of 270,687,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,103,900,000.
- Other factors decreased equity by 2,938,105,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-750.50 Million | -6.54% |
| Dividends Paid | NT$270.69 Million | -2.36% |
| Other Comprehensive Income | NT$2.10 Billion | +18.32% |
| Other Changes | NT$-2.94 Billion | -25.59% |
| Total Change | NT$- | -13.91% |
Book Value vs Market Value Analysis
This analysis compares Asia Polymer 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: 0.76x
- 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 1.77x to 0.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$8.34 | NT$14.75 | x |
| 2007-12-31 | NT$10.51 | NT$14.75 | x |
| 2008-12-31 | NT$8.52 | NT$14.75 | x |
| 2009-12-31 | NT$10.99 | NT$14.75 | x |
| 2010-12-31 | NT$13.70 | NT$14.75 | x |
| 2011-12-31 | NT$14.98 | NT$14.75 | x |
| 2012-12-31 | NT$15.90 | NT$14.75 | x |
| 2013-12-31 | NT$15.45 | NT$14.75 | x |
| 2014-12-31 | NT$15.24 | NT$14.75 | x |
| 2015-12-31 | NT$14.63 | NT$14.75 | x |
| 2016-12-31 | NT$15.98 | NT$14.75 | x |
| 2017-12-31 | NT$16.52 | NT$14.75 | x |
| 2018-12-31 | NT$16.17 | NT$14.75 | x |
| 2019-12-31 | NT$17.21 | NT$14.75 | x |
| 2020-12-31 | NT$20.37 | NT$14.75 | x |
| 2021-12-31 | NT$25.99 | NT$14.75 | x |
| 2022-12-31 | NT$23.91 | NT$14.75 | x |
| 2023-12-31 | NT$22.46 | NT$14.75 | x |
| 2024-12-31 | NT$19.34 | NT$14.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Polymer Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.44%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.18x
- Recent ROE (-6.54%) is below the historical average (8.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.19% | 8.84% | 0.56x | 1.25x | NT$-140.44 Million |
| 2003 | 6.26% | 7.94% | 0.61x | 1.29x | NT$-139.89 Million |
| 2004 | 12.23% | 12.74% | 0.78x | 1.24x | NT$93.29 Million |
| 2005 | 7.53% | 7.15% | 0.90x | 1.17x | NT$-109.41 Million |
| 2006 | 7.44% | 8.09% | 0.81x | 1.14x | NT$-126.86 Million |
| 2007 | 12.59% | 12.96% | 0.82x | 1.18x | NT$161.72 Million |
| 2008 | 6.70% | 6.09% | 0.96x | 1.14x | NT$-167.07 Million |
| 2009 | 15.09% | 20.25% | 0.65x | 1.14x | NT$332.33 Million |
| 2010 | 17.84% | 22.93% | 0.69x | 1.13x | NT$638.34 Million |
| 2011 | 18.18% | 25.73% | 0.63x | 1.12x | NT$728.71 Million |
| 2012 | 6.54% | 12.91% | 0.46x | 1.10x | NT$-326.60 Million |
| 2013 | 5.85% | 9.25% | 0.57x | 1.10x | NT$-381.10 Million |
| 2014 | 5.52% | 8.98% | 0.55x | 1.11x | NT$-405.47 Million |
| 2015 | 6.11% | 10.53% | 0.50x | 1.16x | NT$-338.01 Million |
| 2016 | 7.01% | 11.30% | 0.40x | 1.54x | NT$-283.90 Million |
| 2017 | 5.76% | 8.83% | 0.43x | 1.52x | NT$-416.29 Million |
| 2018 | 2.99% | 4.50% | 0.41x | 1.62x | NT$-673.62 Million |
| 2019 | 8.03% | 12.09% | 0.40x | 1.65x | NT$-201.96 Million |
| 2020 | 9.11% | 19.35% | 0.34x | 1.39x | NT$-107.37 Million |
| 2021 | 20.06% | 32.42% | 0.50x | 1.23x | NT$1.55 Billion |
| 2022 | 10.18% | 14.75% | 0.60x | 1.15x | NT$25.67 Million |
| 2023 | 0.87% | 1.73% | 0.45x | 1.13x | NT$-1.22 Billion |
| 2024 | -6.54% | -12.44% | 0.44x | 1.18x | NT$-1.90 Billion |
Industry Comparison
This section compares Asia Polymer Corp's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $48,836,569,111
- Average return on equity (ROE) among peers: 12.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Polymer Corp (1308) | NT$10.45 Billion | 6.19% | 0.17x | $156.91 Million |
| Formosa Plastics Corp (1301) | $225.33 Billion | 12.22% | 0.47x | $5.82 Billion |
| Nan Ya Plastics Corp (1303) | $142.47 Billion | 14.77% | 1.15x | $13.36 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $220.86 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Taita Chemical Co Ltd (1309) | $3.69 Billion | 0.65% | 0.67x | $113.99 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $42.00 Million |
| Everlight Chemical Industrial Corp (1711) | $6.07 Billion | 11.90% | 0.51x | $317.86 Million |