Hiroca Holdings Ltd (1338) - Net Assets
Based on the latest financial reports, Hiroca Holdings Ltd (1338) has net assets worth NT$6.21 Billion TWD (≈ $195.62 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$13.65 Billion ≈ $430.05 Million USD) and total liabilities (NT$7.44 Billion ≈ $234.43 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 1338 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.21 Billion |
| % of Total Assets | 45.49% |
| Annual Growth Rate | 7.12% |
| 5-Year Change | -5.92% |
| 10-Year Change | -4.31% |
| Growth Volatility | 12.09 |
Hiroca Holdings Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Hiroca Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 1338 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Hiroca Holdings Ltd (2009–2025)
The table below shows the annual net assets of Hiroca Holdings Ltd from 2009 to 2025. For live valuation and market cap data, see Hiroca Holdings Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$6.21 Billion ≈ $195.62 Million |
-2.21% |
| 2024-12-31 | NT$6.35 Billion ≈ $200.04 Million |
-1.27% |
| 2023-12-31 | NT$6.43 Billion ≈ $202.61 Million |
-4.61% |
| 2022-12-31 | NT$6.74 Billion ≈ $212.41 Million |
+2.16% |
| 2021-12-31 | NT$6.60 Billion ≈ $207.93 Million |
+0.52% |
| 2020-12-31 | NT$6.57 Billion ≈ $206.86 Million |
-1.39% |
| 2019-12-31 | NT$6.66 Billion ≈ $209.77 Million |
-1.85% |
| 2018-12-31 | NT$6.78 Billion ≈ $213.73 Million |
-0.54% |
| 2017-12-31 | NT$6.82 Billion ≈ $214.89 Million |
+5.12% |
| 2016-12-31 | NT$6.49 Billion ≈ $204.42 Million |
-2.19% |
| 2015-12-31 | NT$6.63 Billion ≈ $209.00 Million |
+8.75% |
| 2014-12-31 | NT$6.10 Billion ≈ $192.17 Million |
+26.17% |
| 2013-12-31 | NT$4.83 Billion ≈ $152.31 Million |
+14.14% |
| 2012-12-31 | NT$4.24 Billion ≈ $133.44 Million |
+21.14% |
| 2011-12-31 | NT$3.50 Billion ≈ $110.15 Million |
+32.47% |
| 2010-12-31 | NT$2.64 Billion ≈ $83.15 Million |
+27.75% |
| 2009-12-31 | NT$2.07 Billion ≈ $65.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hiroca Holdings 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 10155.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.56 Billion | 26.74% |
| Common Stock | NT$838.40 Million | 14.40% |
| Other Comprehensive Income | NT$732.11 Million | 12.57% |
| Other Components | NT$2.69 Billion | 46.29% |
| Total Equity | NT$5.82 Billion | 100.00% |
Hiroca Holdings Ltd Competitors by Market Cap
The table below lists competitors of Hiroca Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Caprice Resources Limited
F:C3F
|
$41.61 Million |
|
PESTECH International Bhd
KLSE:5219
|
$41.61 Million |
|
Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A
AT:ATRUST
|
$41.62 Million |
|
Componenta Corp
HE:CTH1V
|
$41.63 Million |
|
Wikana SA
WAR:WIK
|
$41.59 Million |
|
FNC Entertainment Co Ltd
KQ:173940
|
$41.58 Million |
|
GFG Resources Inc
V:GFG
|
$41.58 Million |
|
Nusa Konstruksi Enjiniring Tbk
JK:DGIK
|
$41.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hiroca Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,019,248,000 to 5,822,242,000, a change of -197,006,000 (-3.3%).
- Net loss of 182,256,000 reduced equity.
- Dividend payments of 62,880,000 reduced retained earnings.
- Share repurchases of 42,565,000 reduced equity.
- Other comprehensive income decreased equity by 11,232,000.
- Other factors increased equity by 101,927,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-182.26 Million | -3.13% |
| Dividends Paid | NT$62.88 Million | -1.08% |
| Share Repurchases | NT$42.56 Million | -0.73% |
| Other Comprehensive Income | NT$-11.23 Million | -0.19% |
| Other Changes | NT$101.93 Million | +1.75% |
| Total Change | NT$- | -3.27% |
Book Value vs Market Value Analysis
This analysis compares Hiroca Holdings 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: 0.23x
- 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 0.56x to 0.23x 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$29.28 | NT$16.35 | x |
| 2010-12-31 | NT$37.58 | NT$16.35 | x |
| 2011-12-31 | NT$49.08 | NT$16.35 | x |
| 2012-12-31 | NT$59.58 | NT$16.35 | x |
| 2013-12-31 | NT$61.44 | NT$16.35 | x |
| 2014-12-31 | NT$74.46 | NT$16.35 | x |
| 2015-12-31 | NT$76.95 | NT$16.35 | x |
| 2016-12-31 | NT$74.27 | NT$16.35 | x |
| 2017-12-31 | NT$77.49 | NT$16.35 | x |
| 2018-12-31 | NT$77.58 | NT$16.35 | x |
| 2019-12-31 | NT$75.92 | NT$16.35 | x |
| 2020-12-31 | NT$75.08 | NT$16.35 | x |
| 2021-12-31 | NT$68.79 | NT$16.35 | x |
| 2022-12-31 | NT$69.62 | NT$16.35 | x |
| 2023-12-31 | NT$72.80 | NT$16.35 | x |
| 2024-12-31 | NT$72.14 | NT$16.35 | x |
| 2025-12-31 | NT$71.58 | NT$16.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hiroca Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.48%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.34x
- Recent ROE (-3.13%) is below the historical average (6.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.74% | 9.02% | 0.05x | 1.52x | NT$-188.68 Million |
| 2010 | 19.45% | 15.11% | 0.91x | 1.41x | NT$247.23 Million |
| 2011 | 16.67% | 12.39% | 0.89x | 1.52x | NT$231.51 Million |
| 2012 | 7.47% | 6.10% | 0.80x | 1.53x | NT$-106.66 Million |
| 2013 | 9.54% | 6.27% | 0.87x | 1.75x | NT$-22.33 Million |
| 2014 | 10.42% | 7.53% | 0.98x | 1.42x | NT$25.65 Million |
| 2015 | 11.72% | 9.17% | 0.88x | 1.44x | NT$111.13 Million |
| 2016 | 10.98% | 9.01% | 0.81x | 1.50x | NT$60.93 Million |
| 2017 | 11.91% | 9.73% | 0.81x | 1.52x | NT$124.23 Million |
| 2018 | 8.37% | 6.77% | 0.81x | 1.53x | NT$-106.45 Million |
| 2019 | 6.28% | 5.39% | 0.74x | 1.58x | NT$-237.64 Million |
| 2020 | 4.67% | 4.78% | 0.60x | 1.64x | NT$-336.67 Million |
| 2021 | 5.34% | 4.64% | 0.62x | 1.84x | NT$-295.76 Million |
| 2022 | 2.11% | 1.86% | 0.66x | 1.72x | NT$-508.85 Million |
| 2023 | -2.69% | -2.85% | 0.51x | 1.85x | NT$-774.70 Million |
| 2024 | -1.58% | -1.87% | 0.48x | 1.77x | NT$-696.97 Million |
| 2025 | -3.13% | -3.48% | 0.38x | 2.34x | NT$-764.48 Million |
Industry Comparison
This section compares Hiroca Holdings Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $3,632,032,111
- Average return on equity (ROE) among peers: 6.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hiroca Holdings Ltd (1338) | NT$6.21 Billion | 0.74% | 1.20x | $41.60 Million |
| Tong Yang Industry Co Ltd (1319) | $11.24 Billion | 5.63% | 1.19x | $1.39 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.66 Billion | 6.42% | 0.51x | $33.99 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.82 Billion | 10.71% | 0.45x | $95.75 Million |
| Right Way Industrial Co Ltd (1506) | $1.21 Billion | -6.78% | 1.25x | $102.21 Million |
| Jui Li Enterprise Co Ltd (1512) | $1.99 Billion | 0.51% | 0.82x | $23.14 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.90 Billion | 18.96% | 0.91x | $59.68 Million |
| TYC Brother Industrial Co Ltd (1522) | $5.71 Billion | 9.68% | 1.73x | $304.19 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.06 Billion | 0.30% | 1.75x | $146.61 Million |
| Kian Shen Corp (1525) | $3.11 Billion | 10.29% | 0.23x | $146.38 Million |
About Hiroca Holdings Ltd
Hiroca Holdings Ltd., through its subsidiaries, produces and sells various automotive trim parts, electronic plastic parts, plastic hollow board boxes, and molds in China, the United States, and internationally. Hiroca Holdings Ltd. was founded in 1998 and is based in Dongguan, China.