Taiwan Styrene Monomer Corp
Taiwan Styrene Monomer Corporation, together with its subsidiaries, produces and sells styrene monomer, para-diethyl benzene, toluene, and ethyl benzene in Asia and Europe. The company operates through Plasticization, Investment, and Other segments. Its products are used in electrical appliances, machines, electronics, automobile, packaging, etc. The company primarily serves the manufacturers of … Read more
Taiwan Styrene Monomer Corp (1310) - Net Assets
Latest net assets as of June 2025: NT$7.03 Billion TWD
Based on the latest financial reports, Taiwan Styrene Monomer Corp (1310) has net assets worth NT$7.03 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$9.40 Billion) and total liabilities (NT$2.37 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$7.03 Billion |
| % of Total Assets | 74.8% |
| Annual Growth Rate | 0.65% |
| 5-Year Change | 0.73% |
| 10-Year Change | 14.16% |
| Growth Volatility | 13.79 |
Taiwan Styrene Monomer Corp - Net Assets Trend (2000–2024)
This chart illustrates how Taiwan Styrene Monomer 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 Taiwan Styrene Monomer Corp (2000–2024)
The table below shows the annual net assets of Taiwan Styrene Monomer Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.52 Billion | +4.66% |
| 2023-12-31 | NT$7.18 Billion | +6.86% |
| 2022-12-31 | NT$6.72 Billion | -8.80% |
| 2021-12-31 | NT$7.37 Billion | -1.24% |
| 2020-12-31 | NT$7.46 Billion | +3.24% |
| 2019-12-31 | NT$7.23 Billion | -6.33% |
| 2018-12-31 | NT$7.72 Billion | +1.92% |
| 2017-12-31 | NT$7.57 Billion | +0.29% |
| 2016-12-31 | NT$7.55 Billion | +14.65% |
| 2015-12-31 | NT$6.59 Billion | +16.37% |
| 2014-12-31 | NT$5.66 Billion | -15.07% |
| 2013-12-31 | NT$6.66 Billion | +31.98% |
| 2012-12-31 | NT$5.05 Billion | -11.56% |
| 2011-12-31 | NT$5.71 Billion | -11.55% |
| 2010-12-31 | NT$6.45 Billion | +4.30% |
| 2009-12-31 | NT$6.19 Billion | +7.94% |
| 2008-12-31 | NT$5.73 Billion | -31.67% |
| 2007-12-31 | NT$8.39 Billion | +24.64% |
| 2006-12-31 | NT$6.73 Billion | +7.91% |
| 2005-12-31 | NT$6.24 Billion | -3.32% |
| 2004-12-31 | NT$6.45 Billion | +6.86% |
| 2003-12-31 | NT$6.04 Billion | +6.63% |
| 2002-12-31 | NT$5.66 Billion | +11.38% |
| 2001-12-31 | NT$5.08 Billion | -21.04% |
| 2000-12-31 | NT$6.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Styrene Monomer 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 decreased by 95.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$44.87 Million | 0.61% |
| Other Components | NT$7.35 Billion | 99.39% |
| Total Equity | NT$7.39 Billion | 100.00% |
Taiwan Styrene Monomer Corp Competitors by Market Cap
The table below lists competitors of Taiwan Styrene Monomer Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Southern Hydropower JSC
VN:SHP
|
$136.96 Million |
|
MINMETALS LAND LTD HD-10
F:ONF
|
$136.99 Million |
|
Everspin Technologies Inc
NASDAQ:MRAM
|
$137.02 Million |
|
APT Satellite Holdings Limited
STU:AY8
|
$137.02 Million |
|
IPC
F:IPC
|
$136.87 Million |
|
KIP Real Estate Investment Trust
KLSE:5280
|
$136.63 Million |
|
TARC Limited
NSE:TARC
|
$136.62 Million |
|
Panin Financial Tbk
JK:PNLF
|
$136.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Styrene Monomer Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,927,485,000 to 7,391,801,000, a change of 464,316,000 (6.7%).
- Net loss of 380,846,000 reduced equity.
- Dividend payments of 33,363,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,647,371,999.
- Other factors increased equity by 2,525,896,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-380.85 Million | -5.15% |
| Dividends Paid | NT$33.36 Million | -0.45% |
| Other Comprehensive Income | NT$-1.65 Billion | -22.29% |
| Other Changes | NT$2.53 Billion | +34.17% |
| Total Change | NT$- | 6.70% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Styrene Monomer 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: 0.85x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$13.40 | NT$11.85 | x |
| 2007-12-31 | NT$17.33 | NT$11.85 | x |
| 2008-12-31 | NT$11.23 | NT$11.85 | x |
| 2009-12-31 | NT$12.42 | NT$11.85 | x |
| 2010-12-31 | NT$10.73 | NT$11.85 | x |
| 2011-12-31 | NT$9.16 | NT$11.85 | x |
| 2012-12-31 | NT$8.03 | NT$11.85 | x |
| 2013-12-31 | NT$11.24 | NT$11.85 | x |
| 2014-12-31 | NT$10.15 | NT$11.85 | x |
| 2015-12-31 | NT$11.73 | NT$11.85 | x |
| 2016-12-31 | NT$13.57 | NT$11.85 | x |
| 2017-12-31 | NT$13.77 | NT$11.85 | x |
| 2018-12-31 | NT$14.09 | NT$11.85 | x |
| 2019-12-31 | NT$13.26 | NT$11.85 | x |
| 2020-12-31 | NT$13.75 | NT$11.85 | x |
| 2021-12-31 | NT$13.57 | NT$11.85 | x |
| 2022-12-31 | NT$12.26 | NT$11.85 | x |
| 2023-12-31 | NT$13.12 | NT$11.85 | x |
| 2024-12-31 | NT$14.00 | NT$11.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Styrene Monomer 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): -5.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.33%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 1.36x
- Recent ROE (-5.15%) is below the historical average (3.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.23% | 6.41% | 1.06x | 1.65x | NT$76.76 Million |
| 2002 | 3.35% | 1.34% | 1.09x | 2.29x | NT$-376.65 Million |
| 2003 | 5.53% | 2.19% | 1.15x | 2.20x | NT$-269.67 Million |
| 2004 | 8.88% | 2.95% | 1.49x | 2.02x | NT$-72.16 Million |
| 2006 | 7.09% | 2.44% | 1.44x | 2.03x | NT$-187.08 Million |
| 2007 | 4.80% | 1.71% | 1.61x | 1.74x | NT$-418.76 Million |
| 2008 | -18.16% | -4.89% | 1.74x | 2.14x | NT$-1.50 Billion |
| 2009 | 10.57% | 3.50% | 1.49x | 2.02x | NT$32.66 Million |
| 2010 | 0.47% | 0.13% | 1.56x | 2.23x | NT$-537.44 Million |
| 2011 | -16.70% | -4.33% | 1.59x | 2.43x | NT$-1.29 Billion |
| 2012 | -10.40% | -2.36% | 1.76x | 2.50x | NT$-863.95 Million |
| 2013 | 18.29% | 4.99% | 1.92x | 1.90x | NT$492.38 Million |
| 2014 | -0.72% | -0.23% | 1.81x | 1.75x | NT$-574.57 Million |
| 2015 | 11.20% | 5.29% | 1.10x | 1.92x | NT$74.26 Million |
| 2016 | 19.65% | 10.03% | 1.19x | 1.64x | NT$693.11 Million |
| 2017 | 14.49% | 7.16% | 1.35x | 1.50x | NT$326.96 Million |
| 2018 | 16.30% | 7.91% | 1.46x | 1.41x | NT$470.07 Million |
| 2019 | 12.56% | 7.22% | 1.31x | 1.33x | NT$179.86 Million |
| 2020 | 3.96% | 3.54% | 0.90x | 1.24x | NT$-437.87 Million |
| 2021 | 1.46% | 0.89% | 1.26x | 1.30x | NT$-611.49 Million |
| 2022 | -5.78% | -2.91% | 1.44x | 1.38x | NT$-1.02 Billion |
| 2023 | -6.67% | -4.84% | 0.98x | 1.41x | NT$-1.15 Billion |
| 2024 | -5.15% | -3.33% | 1.14x | 1.36x | NT$-1.12 Billion |
Industry Comparison
This section compares Taiwan Styrene Monomer Corp's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $51,546,302,222
- Average return on equity (ROE) among peers: 6.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Styrene Monomer Corp (1310) | NT$7.03 Billion | 11.23% | 0.34x | $136.89 Million |
| Grand Pacific Petrochemical Corp (1312) | $16.25 Billion | 10.72% | 0.47x | $358.21 Million |
| UPC Technology Corp (1313) | $29.90 Billion | 7.18% | 0.80x | $263.35 Million |
| Formosa Chemicals & Fibre Corp (1326) | $379.64 Billion | 11.55% | 0.43x | $4.35 Billion |
| Sesoda Corp (1708) | $3.05 Billion | 13.81% | 0.46x | $227.10 Million |
| Formosan Union Chemical Corp (1709) | $3.40 Billion | 0.00% | 0.29x | $154.81 Million |
| Oriental Union Chemical Corp (1710) | $17.82 Billion | -0.67% | 1.14x | $286.20 Million |
| Ho Tung Chemical Corp (1714) | $11.87 Billion | 10.01% | 1.26x | $202.24 Million |
| Sunko Ink Co Ltd (1721) | $595.83 Million | 0.00% | 0.86x | $64.82 Million |
| Chung Hwa Chemical Industrial Works Ltd (1727) | $1.39 Billion | 7.97% | 0.59x | $105.88 Million |