Asia Polymer Corp (1308) - Net Assets
Based on the latest financial reports, Asia Polymer Corp (1308) has net assets worth NT$11.03 Billion TWD (≈ $347.58 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$12.54 Billion ≈ $395.00 Million USD) and total liabilities (NT$1.51 Billion ≈ $47.42 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 strategic asset allocation of Asia Polymer Corp to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$11.03 Billion |
| % of Total Assets | 87.99% |
| Annual Growth Rate | 0.69% |
| 5-Year Change | -33.8% |
| 10-Year Change | 7.78% |
| Growth Volatility | 17.96 |
Asia Polymer Corp - Net Assets Trend (2000–2025)
This chart illustrates how Asia Polymer Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 1308 market cap overview.
Annual Net Assets for Asia Polymer Corp (2000–2025)
The table below shows the annual net assets of Asia Polymer Corp from 2000 to 2025. Also explore Asia Polymer Corp net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$10.24 Billion ≈ $322.50 Million |
-10.86% |
| 2024-12-31 | NT$11.48 Billion ≈ $361.80 Million |
-13.91% |
| 2023-12-31 | NT$13.34 Billion ≈ $420.25 Million |
-6.17% |
| 2022-12-31 | NT$14.22 Billion ≈ $447.91 Million |
-8.05% |
| 2021-12-31 | NT$15.46 Billion ≈ $487.14 Million |
+27.68% |
| 2020-12-31 | NT$12.11 Billion ≈ $381.52 Million |
+18.37% |
| 2019-12-31 | NT$10.23 Billion ≈ $322.30 Million |
+6.51% |
| 2018-12-31 | NT$9.60 Billion ≈ $302.59 Million |
-2.16% |
| 2017-12-31 | NT$9.82 Billion ≈ $309.27 Million |
+3.36% |
| 2016-12-31 | NT$9.50 Billion ≈ $299.21 Million |
+9.22% |
| 2015-12-31 | NT$8.70 Billion ≈ $273.96 Million |
-3.96% |
| 2014-12-31 | NT$9.05 Billion ≈ $285.25 Million |
-1.37% |
| 2013-12-31 | NT$9.18 Billion ≈ $289.21 Million |
-2.85% |
| 2012-12-31 | NT$9.45 Billion ≈ $297.68 Million |
+6.04% |
| 2011-12-31 | NT$8.91 Billion ≈ $280.72 Million |
+9.40% |
| 2010-12-31 | NT$8.14 Billion ≈ $256.61 Million |
+24.65% |
| 2009-12-31 | NT$6.53 Billion ≈ $205.86 Million |
+29.12% |
| 2008-12-31 | NT$5.06 Billion ≈ $159.44 Million |
-18.89% |
| 2007-12-31 | NT$6.24 Billion ≈ $196.58 Million |
+26.04% |
| 2006-12-31 | NT$4.95 Billion ≈ $155.97 Million |
+11.92% |
| 2005-12-31 | NT$4.42 Billion ≈ $139.36 Million |
+5.86% |
| 2004-12-31 | NT$4.18 Billion ≈ $131.64 Million |
+11.82% |
| 2003-12-31 | NT$3.74 Billion ≈ $117.72 Million |
+1.34% |
| 2002-12-31 | NT$3.69 Billion ≈ $116.16 Million |
+6.90% |
| 2001-12-31 | NT$3.45 Billion ≈ $108.67 Million |
-59.96% |
| 2000-12-31 | NT$8.61 Billion ≈ $271.40 Million |
-- |
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 668.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.60 Billion | 15.62% |
| Common Stock | NT$5.94 Billion | 58.00% |
| Other Comprehensive Income | NT$2.70 Billion | 26.38% |
| Total Equity | NT$10.24 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 |
|---|---|
|
Frequency Electronics Inc
NASDAQ:FEIM
|
$269.37 Million |
|
Artius II Acquisition Inc. Units
NASDAQ:AACBU
|
$269.37 Million |
|
Shanghai Mechanical & Electrical Industry Co Ltd B
SHG:900925
|
$269.46 Million |
|
Alpine Income Property Trust, Inc.
NYSE:PINE
|
$269.53 Million |
|
Bharat Bijlee Limited
NSE:BBL
|
$269.34 Million |
|
Putnam Municipal Opportunities Trust
NYSE:PMO
|
$269.34 Million |
|
Fresnillo PLC
LSE:FRES
|
$269.33 Million |
|
Blue Water Acquisition Corp. III Class A Ordinary Shares
NASDAQ:BLUW
|
$269.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Polymer Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,483,692,000 to 10,236,406,000, a change of -1,247,286,000 (-10.9%).
- Net loss of 1,044,502,999 reduced equity.
- Dividend payments of 151,122,000 reduced retained earnings.
- Other comprehensive income decreased equity by 71,928,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-1.04 Billion | -10.2% |
| Dividends Paid | NT$151.12 Million | -1.48% |
| Other Comprehensive Income | NT$-71.93 Million | -0.7% |
| Other Changes | NT$20.27 Million | +0.2% |
| Total Change | NT$- | -10.86% |
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: 0.83x
- 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 1.73x to 0.83x 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$14.40 | x |
| 2007-12-31 | NT$10.51 | NT$14.40 | x |
| 2008-12-31 | NT$8.52 | NT$14.40 | x |
| 2009-12-31 | NT$10.99 | NT$14.40 | x |
| 2010-12-31 | NT$13.70 | NT$14.40 | x |
| 2011-12-31 | NT$14.98 | NT$14.40 | x |
| 2012-12-31 | NT$15.90 | NT$14.40 | x |
| 2013-12-31 | NT$15.45 | NT$14.40 | x |
| 2014-12-31 | NT$15.24 | NT$14.40 | x |
| 2015-12-31 | NT$14.63 | NT$14.40 | x |
| 2016-12-31 | NT$15.98 | NT$14.40 | x |
| 2017-12-31 | NT$16.52 | NT$14.40 | x |
| 2018-12-31 | NT$16.17 | NT$14.40 | x |
| 2019-12-31 | NT$17.21 | NT$14.40 | x |
| 2020-12-31 | NT$20.37 | NT$14.40 | x |
| 2021-12-31 | NT$25.99 | NT$14.40 | x |
| 2022-12-31 | NT$23.91 | NT$14.40 | x |
| 2023-12-31 | NT$22.46 | NT$14.40 | x |
| 2024-12-31 | NT$19.34 | NT$14.40 | x |
| 2025-12-31 | NT$17.25 | NT$14.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Polymer Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.19%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.14x
- Recent ROE (-10.20%) is below the historical average (7.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.19% | 8.84% | 0.56x | 1.25x | NT$-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$-1.90 Billion |
| 2025 | -10.20% | -18.19% | 0.49x | 1.14x | NT$-2.07 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: $65,526,963,667
- Average return on equity (ROE) among peers: 4.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Polymer Corp (1308) | NT$11.03 Billion | 6.19% | 0.14x | $269.37 Million |
| Formosa Plastics Corp (1301) | $192.55 Billion | 16.04% | 0.59x | $12.96 Billion |
| Nan Ya Plastics Corp (1303) | $303.12 Billion | 19.48% | 0.58x | $58.97 Billion |
| USI Corp (1304) | $34.81 Billion | 3.19% | 0.85x | $425.67 Million |
| China General Plastics Corp (1305) | $5.45 Billion | 0.00% | 1.35x | $225.17 Million |
| Taita Chemical Co Ltd (1309) | $4.08 Billion | 2.64% | 1.54x | $176.62 Million |
| China Petrochemical Development Corp (1314) | $31.87 Billion | -4.49% | 0.43x | $1.07 Billion |
| Ocean Plastics Co Ltd (1321) | $6.19 Billion | 3.12% | 0.93x | $225.97 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $5.30 Billion | -8.98% | 0.04x | $38.05 Million |
| Everlight Chemical Industrial Corp (1711) | $6.37 Billion | 7.23% | 0.56x | $683.39 Million |
About Asia Polymer Corp
Asia Polymer Corporation, together with its subsidiaries, manufactures and sells polyethylene resin in Taiwan, Asia, and internationally. The company offers low-density polyethylene, medium-density polyethylene, and ethylene vinyl acetate copolymer resins. Its products are used in blown film, extrusion molding, injection molding, dip coating, lamination, and casting and foaming applications. The … Read more