Victory New Materials Ltd Co
Victory New Materials Limited Company manufactures and sells shoe materials in China and internationally. The company offers secondary molding soles, one injection soles, one injection monochrome slippers, injected styrofoam plastic molding soles, one injection dual color soles, one injection dual color finished shoes, RB soles, EVO plastic particles, and toys. Victory New Materials Limited Compa… Read more
Victory New Materials Ltd Co (1340) - Net Assets
Latest net assets as of September 2025: NT$2.72 Billion TWD
Based on the latest financial reports, Victory New Materials Ltd Co (1340) has net assets worth NT$2.72 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$2.97 Billion) and total liabilities (NT$249.63 Million). 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$2.72 Billion |
| % of Total Assets | 91.6% |
| Annual Growth Rate | 10.17% |
| 5-Year Change | -44.58% |
| 10-Year Change | -46.79% |
| Growth Volatility | 31.74 |
Victory New Materials Ltd Co - Net Assets Trend (2010–2024)
This chart illustrates how Victory New Materials Ltd Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Victory New Materials Ltd Co (2010–2024)
The table below shows the annual net assets of Victory New Materials Ltd Co from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.00 Billion | -19.31% |
| 2023-12-31 | NT$3.72 Billion | -19.90% |
| 2022-12-31 | NT$4.65 Billion | -6.83% |
| 2021-12-31 | NT$4.99 Billion | -7.98% |
| 2020-12-31 | NT$5.42 Billion | -7.43% |
| 2019-12-31 | NT$5.86 Billion | -10.58% |
| 2018-12-31 | NT$6.55 Billion | -0.58% |
| 2017-12-31 | NT$6.59 Billion | +10.70% |
| 2016-12-31 | NT$5.95 Billion | +5.39% |
| 2015-12-31 | NT$5.65 Billion | +11.50% |
| 2014-12-31 | NT$5.06 Billion | +58.06% |
| 2013-12-31 | NT$3.20 Billion | +76.98% |
| 2012-12-31 | NT$1.81 Billion | +38.02% |
| 2011-12-31 | NT$1.31 Billion | +69.49% |
| 2010-12-31 | NT$773.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Victory New Materials Ltd Co'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 2491.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.53 Billion | 50.89% |
| Other Comprehensive Income | NT$524.22 Million | 17.45% |
| Other Components | NT$2.54 Billion | 84.56% |
| Total Equity | NT$3.00 Billion | 100.00% |
Victory New Materials Ltd Co Competitors by Market Cap
The table below lists competitors of Victory New Materials Ltd Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eniro AB
ST:ENRO
|
$23.81 Million |
|
Chiho Environmental Group Limited
STU:T4N
|
$23.81 Million |
|
Mustgrow Biologics Corp
OTCQB:MGROF
|
$23.82 Million |
|
UNITEKNO Co.Ltd
KQ:241690
|
$23.82 Million |
|
Ekarat Engineering Public Company Limited
BK:AKR
|
$23.80 Million |
|
Jin Yang Pharmaceutical Co. Ltd
KQ:007370
|
$23.80 Million |
|
SHL Consolidated Bhd
KLSE:6017
|
$23.80 Million |
|
Globaltec Formation Bhd
KLSE:5220
|
$23.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Victory New Materials Ltd Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,723,641,000 to 3,004,792,000, a change of -718,849,000 (-19.3%).
- Net loss of 808,030,000 reduced equity.
- Other comprehensive income increased equity by 63,299,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-808.03 Million | -26.89% |
| Other Comprehensive Income | NT$63.30 Million | +2.11% |
| Other Changes | NT$25.88 Million | +0.86% |
| Total Change | NT$- | -19.31% |
Book Value vs Market Value Analysis
This analysis compares Victory New Materials Ltd Co'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: 0.36x
- 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 0.98x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$7.21 | NT$7.06 | x |
| 2011-12-31 | NT$11.49 | NT$7.06 | x |
| 2012-12-31 | NT$15.80 | NT$7.06 | x |
| 2013-12-31 | NT$24.11 | NT$7.06 | x |
| 2014-12-31 | NT$33.14 | NT$7.06 | x |
| 2015-12-31 | NT$36.89 | NT$7.06 | x |
| 2016-12-31 | NT$38.92 | NT$7.06 | x |
| 2017-12-31 | NT$43.08 | NT$7.06 | x |
| 2018-12-31 | NT$42.83 | NT$7.06 | x |
| 2019-12-31 | NT$38.30 | NT$7.06 | x |
| 2020-12-31 | NT$35.46 | NT$7.06 | x |
| 2021-12-31 | NT$32.63 | NT$7.06 | x |
| 2022-12-31 | NT$30.40 | NT$7.06 | x |
| 2023-12-31 | NT$24.35 | NT$7.06 | x |
| 2024-12-31 | NT$19.65 | NT$7.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Victory New Materials Ltd Co 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): -26.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -214.69%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.11x
- Recent ROE (-26.89%) is below the historical average (7.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 44.51% | 27.09% | 1.05x | 1.56x | NT$264.27 Million |
| 2011 | 34.33% | 24.03% | 1.01x | 1.42x | NT$315.83 Million |
| 2012 | 29.29% | 24.86% | 0.99x | 1.19x | NT$345.63 Million |
| 2013 | 21.89% | 26.23% | 0.70x | 1.19x | NT$380.94 Million |
| 2014 | 18.45% | 30.19% | 0.54x | 1.13x | NT$427.77 Million |
| 2015 | 15.28% | 26.98% | 0.50x | 1.13x | NT$298.06 Million |
| 2016 | 14.82% | 26.71% | 0.51x | 1.08x | NT$286.93 Million |
| 2017 | 12.68% | 24.52% | 0.49x | 1.06x | NT$176.33 Million |
| 2018 | 2.06% | 6.50% | 0.31x | 1.04x | NT$-520.29 Million |
| 2019 | -7.48% | -37.88% | 0.19x | 1.05x | NT$-1.02 Billion |
| 2020 | -7.19% | -59.38% | 0.12x | 1.03x | NT$-931.94 Million |
| 2021 | -10.27% | -78.77% | 0.13x | 1.03x | NT$-1.01 Billion |
| 2022 | -9.25% | -86.11% | 0.10x | 1.03x | NT$-894.73 Million |
| 2023 | -23.14% | -153.31% | 0.14x | 1.10x | NT$-1.23 Billion |
| 2024 | -26.89% | -214.69% | 0.11x | 1.11x | NT$-1.11 Billion |
Industry Comparison
This section compares Victory New Materials Ltd Co's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $23,294,447,111
- Average return on equity (ROE) among peers: -0.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Victory New Materials Ltd Co (1340) | NT$2.72 Billion | 44.51% | 0.09x | $23.81 Million |
| Hsinli Chemical Industrial (4303) | $947.35 Million | 14.44% | 0.33x | $147.63 Million |
| Sports Gear Co. Ltd (6768) | $11.15 Billion | 9.40% | 0.60x | $174.21 Million |
| Lai Yih Footwear Co., Ltd. (6890) | $17.01 Billion | 12.14% | 0.37x | $629.39 Million |
| Paiho Shih Holdings Corp (8404) | $3.85 Billion | 6.03% | 0.35x | $92.78 Million |
| Shui-Mu International Co Ltd (8443) | $1.57 Billion | -3.72% | 0.47x | $14.10 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $6.24 Billion | 12.86% | 0.51x | $475.45 Million |
| Pou Chen Corp (9904) | $158.38 Billion | 8.16% | 0.91x | $1.98 Billion |
| Feng Tay Enterprises Co Ltd (9910) | $10.17 Billion | 9.14% | 0.32x | $1.01 Billion |
| Eminent Luggage Corporation (9950) | $323.66 Million | -69.06% | 12.44x | $16.23 Million |