Far Eastern New Century Corp
Far Eastern New Century Corporation manufactures and sells polyester materials and textiles in Taiwan, China, and internationally. It operates through Production, Telecommunication Services, Property Development, and Investment and Others segments. The company offers semi-finished and finished textiles, such as cotton, synthetic and blended fabrics, towels and bed sheets, and woven and knitted ga… Read more
Far Eastern New Century Corp (1402) - Net Assets
Latest net assets as of September 2025: NT$305.63 Billion TWD
Based on the latest financial reports, Far Eastern New Century Corp (1402) has net assets worth NT$305.63 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$665.19 Billion) and total liabilities (NT$359.56 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$305.63 Billion |
| % of Total Assets | 45.95% |
| Annual Growth Rate | 6.79% |
| 5-Year Change | 18.56% |
| 10-Year Change | 22.67% |
| Growth Volatility | 23.18 |
Far Eastern New Century Corp - Net Assets Trend (2000–2024)
This chart illustrates how Far Eastern New Century 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 Far Eastern New Century Corp (2000–2024)
The table below shows the annual net assets of Far Eastern New Century Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$319.43 Billion | +3.16% |
| 2023-12-31 | NT$309.64 Billion | +13.98% |
| 2022-12-31 | NT$271.67 Billion | +0.84% |
| 2021-12-31 | NT$269.41 Billion | 0.00% |
| 2020-12-31 | NT$269.42 Billion | -0.70% |
| 2019-12-31 | NT$271.32 Billion | +1.34% |
| 2018-12-31 | NT$267.73 Billion | +4.77% |
| 2017-12-31 | NT$255.54 Billion | +1.33% |
| 2016-12-31 | NT$252.19 Billion | -3.15% |
| 2015-12-31 | NT$260.40 Billion | -1.11% |
| 2014-12-31 | NT$263.32 Billion | +49.88% |
| 2013-12-31 | NT$175.68 Billion | +2.24% |
| 2012-12-31 | NT$171.83 Billion | +2.03% |
| 2011-12-31 | NT$168.41 Billion | +12.24% |
| 2010-12-31 | NT$150.05 Billion | +6.04% |
| 2009-12-31 | NT$141.51 Billion | +67.38% |
| 2008-12-31 | NT$84.54 Billion | -8.05% |
| 2007-12-31 | NT$91.95 Billion | +11.79% |
| 2006-12-31 | NT$82.25 Billion | -32.40% |
| 2005-12-31 | NT$121.68 Billion | +73.72% |
| 2004-12-31 | NT$70.04 Billion | +13.98% |
| 2003-12-31 | NT$61.45 Billion | -18.71% |
| 2002-12-31 | NT$75.59 Billion | +9.36% |
| 2001-12-31 | NT$69.12 Billion | +4.75% |
| 2000-12-31 | NT$65.98 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Far Eastern New Century 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 1150.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$14.17 Billion | 6.06% |
| Other Components | NT$219.56 Billion | 93.94% |
| Total Equity | NT$233.73 Billion | 100.00% |
Far Eastern New Century Corp Competitors by Market Cap
The table below lists competitors of Far Eastern New Century Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thunder Software Technology Co Ltd
SHE:300496
|
$2.98 Billion |
|
WD-40 Company
NASDAQ:WDFC
|
$2.98 Billion |
|
Asymchem Laboratories Tian Jin Co Ltd
SHE:002821
|
$2.98 Billion |
|
Neway Valve suzhou Co Ltd
SHG:603699
|
$2.99 Billion |
|
Alm. Brand A/S
PINK:ABDBY
|
$2.98 Billion |
|
China National Software & Service Co Ltd
SHG:600536
|
$2.98 Billion |
|
KEI Industries Limited
NSE:KEI
|
$2.97 Billion |
|
Sulzer AG
SW:SUN
|
$2.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Far Eastern New Century Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 225,187,613,000 to 233,729,829,000, a change of 8,542,216,000 (3.8%).
- Net income of 10,031,844,000 contributed positively to equity growth.
- Dividend payments of 15,528,887,000 reduced retained earnings.
- Other comprehensive income decreased equity by 150,520,617,000.
- Other factors increased equity by 164,577,082,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$10.03 Billion | +4.29% |
| Dividends Paid | NT$15.53 Billion | -6.64% |
| Other Comprehensive Income | NT$-150.52 Billion | -64.4% |
| Other Changes | NT$164.58 Billion | +70.41% |
| Total Change | NT$- | 3.79% |
Book Value vs Market Value Analysis
This analysis compares Far Eastern New Century 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: 0.62x
- 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 1.76x to 0.62x 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$15.37 | NT$27.05 | x |
| 2007-12-31 | NT$17.18 | NT$27.05 | x |
| 2008-12-31 | NT$15.76 | NT$27.05 | x |
| 2009-12-31 | NT$17.57 | NT$27.05 | x |
| 2010-12-31 | NT$18.34 | NT$27.05 | x |
| 2011-12-31 | NT$20.76 | NT$27.05 | x |
| 2012-12-31 | NT$21.96 | NT$27.05 | x |
| 2013-12-31 | NT$22.49 | NT$27.05 | x |
| 2014-12-31 | NT$39.77 | NT$27.05 | x |
| 2015-12-31 | NT$39.33 | NT$27.05 | x |
| 2016-12-31 | NT$38.10 | NT$27.05 | x |
| 2017-12-31 | NT$38.79 | NT$27.05 | x |
| 2018-12-31 | NT$40.58 | NT$27.05 | x |
| 2019-12-31 | NT$40.79 | NT$27.05 | x |
| 2020-12-31 | NT$40.82 | NT$27.05 | x |
| 2021-12-31 | NT$41.20 | NT$27.05 | x |
| 2022-12-31 | NT$41.70 | NT$27.05 | x |
| 2023-12-31 | NT$44.92 | NT$27.05 | x |
| 2024-12-31 | NT$43.67 | NT$27.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Far Eastern New Century Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.71%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.92x
- Recent ROE (4.29%) is below the historical average (7.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.45% | 0.32% | 0.43x | 3.24x | NT$-4.85 Billion |
| 2001 | 1.44% | 0.96% | 0.47x | 3.18x | NT$-4.32 Billion |
| 2002 | 4.47% | 2.99% | 0.46x | 3.23x | NT$-2.88 Billion |
| 2003 | 13.69% | 17.23% | 0.26x | 3.06x | NT$2.27 Billion |
| 2004 | 13.20% | 7.61% | 0.54x | 3.23x | NT$2.24 Billion |
| 2005 | 11.06% | 11.40% | 0.30x | 3.25x | NT$800.47 Million |
| 2006 | 10.14% | 5.81% | 1.12x | 1.55x | NT$112.10 Million |
| 2007 | 12.36% | 6.94% | 1.13x | 1.58x | NT$2.17 Billion |
| 2008 | 5.47% | 9.13% | 0.36x | 1.67x | NT$-3.83 Billion |
| 2009 | 8.74% | 4.84% | 0.62x | 2.89x | NT$-1.16 Billion |
| 2010 | 13.04% | 6.43% | 0.68x | 2.98x | NT$3.00 Billion |
| 2011 | 9.94% | 4.71% | 0.72x | 2.95x | NT$-67.57 Million |
| 2012 | 7.90% | 3.69% | 0.70x | 3.07x | NT$-2.32 Billion |
| 2013 | 6.39% | 3.02% | 0.62x | 3.42x | NT$-4.08 Billion |
| 2014 | 5.53% | 4.69% | 0.47x | 2.49x | NT$-8.92 Billion |
| 2015 | 4.07% | 3.70% | 0.42x | 2.63x | NT$-11.69 Billion |
| 2016 | 3.30% | 2.92% | 0.42x | 2.69x | NT$-12.78 Billion |
| 2017 | 4.15% | 3.73% | 0.42x | 2.66x | NT$-11.37 Billion |
| 2018 | 5.91% | 5.26% | 0.40x | 2.78x | NT$-8.33 Billion |
| 2019 | 8.04% | 6.57% | 0.43x | 2.82x | NT$-4.02 Billion |
| 2020 | 6.36% | 6.28% | 0.34x | 3.02x | NT$-7.42 Billion |
| 2021 | 7.20% | 6.22% | 0.38x | 3.08x | NT$-5.76 Billion |
| 2022 | 6.38% | 5.05% | 0.40x | 3.15x | NT$-7.56 Billion |
| 2023 | 3.65% | 3.20% | 0.38x | 2.98x | NT$-14.29 Billion |
| 2024 | 4.29% | 3.71% | 0.40x | 2.92x | NT$-13.34 Billion |
Industry Comparison
This section compares Far Eastern New Century Corp's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $3,522,961,000
- Average return on equity (ROE) among peers: 5.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Far Eastern New Century Corp (1402) | NT$305.63 Billion | 0.45% | 1.18x | $2.98 Billion |
| 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 |
| Cathay Consolidated Inc (1342) | $767.81 Million | 20.83% | 0.72x | $152.57 Million |
| 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 |