Cathay Consolidated Inc
Cathay Consolidated, Inc. operates as a contract manufacturer of technical fabrics and finished goods in Taiwan. The company engages in development and production of thermoplastic polyurethane (TPU) films and technical fabrics; and processing of TPU technical fabrics to manufacture a range of inflatable products for various purposes. The company serves aviation, marine, industrial, and medical in… Read more
Cathay Consolidated Inc (1342) - Net Assets
Latest net assets as of September 2025: NT$2.37 Billion TWD
Based on the latest financial reports, Cathay Consolidated Inc (1342) has net assets worth NT$2.37 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$3.46 Billion) and total liabilities (NT$1.09 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$2.37 Billion |
| % of Total Assets | 68.42% |
| Annual Growth Rate | 20.58% |
| 5-Year Change | 64.36% |
| 10-Year Change | N/A |
| Growth Volatility | 14.9 |
Cathay Consolidated Inc - Net Assets Trend (2016–2024)
This chart illustrates how Cathay Consolidated Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cathay Consolidated Inc (2016–2024)
The table below shows the annual net assets of Cathay Consolidated Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.40 Billion | +6.89% |
| 2023-12-31 | NT$2.24 Billion | +11.82% |
| 2022-12-31 | NT$2.01 Billion | +28.98% |
| 2021-12-31 | NT$1.56 Billion | +6.62% |
| 2020-12-31 | NT$1.46 Billion | +55.81% |
| 2019-12-31 | NT$936.36 Million | +21.95% |
| 2018-12-31 | NT$767.81 Million | +21.44% |
| 2017-12-31 | NT$632.24 Million | +17.80% |
| 2016-12-31 | NT$536.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cathay Consolidated Inc'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 243.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$738.42 Million | 30.79% |
| Other Components | NT$1.66 Billion | 69.21% |
| Total Equity | NT$2.40 Billion | 100.00% |
Cathay Consolidated Inc Competitors by Market Cap
The table below lists competitors of Cathay Consolidated Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
American Rare Earths Limited
OTCGREY:AMRRY
|
$152.58 Million |
|
Taiwan Chinsan Electronic Industrial Co Ltd
TWO:8042
|
$152.58 Million |
|
Agilyx AS
OTCQX:AGXXF
|
$152.59 Million |
|
Korea District Heating Corp
KO:071320
|
$152.59 Million |
|
ALTEO Energiaszolgaltato Nyrt.
BUD:ALTEO
|
$152.51 Million |
|
Esprinet
LSE:0NFS
|
$152.48 Million |
|
PENN Entertainment, Inc.
SA:P2EN34
|
$152.42 Million |
|
Wuhan Golden Laser Co Ltd
SHE:300220
|
$152.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cathay Consolidated Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,243,449,000 to 2,397,959,000, a change of 154,510,000 (6.9%).
- Net income of 489,578,000 contributed positively to equity growth.
- Dividend payments of 356,724,000 reduced retained earnings.
- Other comprehensive income decreased equity by 153,941,000.
- Other factors increased equity by 175,597,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$489.58 Million | +20.42% |
| Dividends Paid | NT$356.72 Million | -14.88% |
| Other Comprehensive Income | NT$-153.94 Million | -6.42% |
| Other Changes | NT$175.60 Million | +7.32% |
| Total Change | NT$- | 6.89% |
Book Value vs Market Value Analysis
This analysis compares Cathay Consolidated Inc'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: 2.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.95x to 2.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$14.82 | NT$88.20 | x |
| 2017-12-31 | NT$14.94 | NT$88.20 | x |
| 2018-12-31 | NT$12.84 | NT$88.20 | x |
| 2019-12-31 | NT$15.62 | NT$88.20 | x |
| 2020-12-31 | NT$23.32 | NT$88.20 | x |
| 2021-12-31 | NT$22.81 | NT$88.20 | x |
| 2022-12-31 | NT$29.03 | NT$88.20 | x |
| 2023-12-31 | NT$31.18 | NT$88.20 | x |
| 2024-12-31 | NT$30.55 | NT$88.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cathay Consolidated Inc 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): 20.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.49%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.50x
- Recent ROE (20.42%) is above the historical average (20.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 20.57% | 11.97% | 0.89x | 1.92x | NT$56.71 Million |
| 2017 | 19.85% | 12.13% | 0.86x | 1.91x | NT$62.29 Million |
| 2018 | 20.83% | 12.02% | 1.01x | 1.72x | NT$83.17 Million |
| 2019 | 19.28% | 12.51% | 0.95x | 1.62x | NT$86.89 Million |
| 2020 | 13.45% | 12.81% | 0.78x | 1.35x | NT$50.33 Million |
| 2021 | 17.11% | 12.87% | 0.86x | 1.54x | NT$110.67 Million |
| 2022 | 24.90% | 19.29% | 0.87x | 1.49x | NT$298.88 Million |
| 2023 | 23.61% | 20.66% | 0.79x | 1.45x | NT$305.44 Million |
| 2024 | 20.42% | 19.49% | 0.70x | 1.50x | NT$249.78 Million |
Industry Comparison
This section compares Cathay Consolidated Inc's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $11,117,178,333
- Average return on equity (ROE) among peers: 3.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cathay Consolidated Inc (1342) | NT$2.37 Billion | 20.57% | 0.46x | $152.57 Million |
| San Fang Chemical Industry Co Ltd (1307) | $3.11 Billion | 9.38% | 1.04x | $159.74 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.12 Billion | 13.50% | 1.05x | $17.61 Million |
| Far Eastern New Century Corp (1402) | $69.12 Billion | 1.05% | 1.32x | $2.98 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $14.05 Billion | 3.65% | 0.92x | $539.09 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.26 Billion | 8.25% | 0.21x | $41.23 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $895.15 Million | 13.02% | 1.59x | $18.51 Million |
| Tung Ho Textile Co Ltd (1414) | $1.54 Billion | -19.15% | 2.15x | $46.96 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $2.35 Billion | 0.00% | 0.89x | $10.53 Million |
| Shinkong Textile Co Ltd (1419) | $6.62 Billion | 3.47% | 0.46x | $306.86 Million |