Shinkong Synthetic Fiber Corp (1409) - Net Assets

Latest as of September 2025: NT$51.03 Billion TWD ≈ $1.61 Billion USD

Based on the latest financial reports, Shinkong Synthetic Fiber Corp (1409) has net assets worth NT$51.03 Billion TWD (≈ $1.61 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$219.10 Billion ≈ $6.90 Billion USD) and total liabilities (NT$168.08 Billion ≈ $5.30 Billion 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 how resilient are Shinkong Synthetic Fiber Corp's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets NT$51.03 Billion
% of Total Assets 23.29%
Annual Growth Rate 6.44%
5-Year Change 17.7%
10-Year Change 51.68%
Growth Volatility 9.34

Shinkong Synthetic Fiber Corp - Net Assets Trend (2000–2024)

This chart illustrates how Shinkong Synthetic Fiber Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Shinkong Synthetic Fiber Corp's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Shinkong Synthetic Fiber Corp (2000–2024)

The table below shows the annual net assets of Shinkong Synthetic Fiber Corp from 2000 to 2024. For live valuation and market cap data, see 1409 market cap.

Year Net Assets Change
2024-12-31 NT$49.63 Billion
≈ $1.56 Billion		 +5.94%
2023-12-31 NT$46.85 Billion
≈ $1.48 Billion		 +1.67%
2022-12-31 NT$46.08 Billion
≈ $1.45 Billion		 -0.52%
2021-12-31 NT$46.32 Billion
≈ $1.46 Billion		 +9.85%
2020-12-31 NT$42.17 Billion
≈ $1.33 Billion		 +10.45%
2019-12-31 NT$38.18 Billion
≈ $1.20 Billion		 +3.28%
2018-12-31 NT$36.97 Billion
≈ $1.16 Billion		 +4.51%
2017-12-31 NT$35.37 Billion
≈ $1.11 Billion		 +5.00%
2016-12-31 NT$33.68 Billion
≈ $1.06 Billion		 +2.96%
2015-12-31 NT$32.72 Billion
≈ $1.03 Billion		 -5.08%
2014-12-31 NT$34.47 Billion
≈ $1.09 Billion		 +0.67%
2013-12-31 NT$34.24 Billion
≈ $1.08 Billion		 +15.10%
2012-12-31 NT$29.75 Billion
≈ $937.20 Million		 +2.21%
2011-12-31 NT$29.10 Billion
≈ $916.95 Million		 -0.67%
2010-12-31 NT$29.30 Billion
≈ $923.18 Million		 +24.98%
2009-12-31 NT$23.45 Billion
≈ $738.65 Million		 +19.38%
2008-12-31 NT$19.64 Billion
≈ $618.75 Million		 -14.46%
2007-12-31 NT$22.96 Billion
≈ $723.34 Million		 +29.52%
2006-12-31 NT$17.73 Billion
≈ $558.48 Million		 +16.04%
2005-12-31 NT$15.28 Billion
≈ $481.28 Million		 +8.71%
2004-12-31 NT$14.05 Billion
≈ $442.71 Million		 +9.77%
2003-12-31 NT$12.80 Billion
≈ $403.30 Million		 +11.29%
2002-12-31 NT$11.50 Billion
≈ $362.37 Million		 +3.52%
2001-12-31 NT$11.11 Billion
≈ $350.04 Million		 +0.02%
2000-12-31 NT$11.11 Billion
≈ $349.97 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Shinkong Synthetic Fiber 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 990843300000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings NT$9.91 Billion 26.02%
Common Stock NT$16.18 Billion 42.50%
Other Components NT$11.99 Billion 31.49%
Total Equity NT$38.08 Billion 100.00%

Shinkong Synthetic Fiber Corp Competitors by Market Cap

The table below lists competitors of Shinkong Synthetic Fiber Corp ranked by their market capitalization.

Company Market Cap
Yatharth Hospital & Trauma Care Services Limited
NSE:YATHARTH
 $854.47 Million
M Grass Ecology and Environment Group Co Ltd
SHE:300355
 $854.49 Million
Theravance Biopharma Inc
NASDAQ:TBPH
 $854.78 Million
SHENWAN HONGYUAN GR.H YC1
F:2X2A
 $854.81 Million
Shenzhen Weiguang Biological Products Co Ltd
SHE:002880
 $853.26 Million
Tsakos Energy Navigation Ltd
NYSE:TEN
 $853.21 Million
Ratos AB (publ)
ST:RATO-B
 $853.20 Million
Chongqing Pharscin Pharmaceutical Co Ltd
SHE:002907
 $852.45 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shinkong Synthetic Fiber Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 36,351,083,000 to 38,084,140,000, a change of 1,733,057,000 (4.8%).
  • Net income of 1,705,920,000 contributed positively to equity growth.
  • Dividend payments of 890,125,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 9,602,430,000.
  • Other factors increased equity by 10,519,692,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income NT$1.71 Billion +4.48%
Dividends Paid NT$890.12 Million -2.34%
Other Comprehensive Income NT$-9.60 Billion -25.21%
Other Changes NT$10.52 Billion +27.62%
Total Change NT$- 4.77%

Book Value vs Market Value Analysis

This analysis compares Shinkong Synthetic Fiber 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: 0.71x
  • 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 1.35x to 0.71x 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$12.46 NT$16.80 x
2007-12-31 NT$12.19 NT$16.80 x
2008-12-31 NT$9.60 NT$16.80 x
2009-12-31 NT$10.72 NT$16.80 x
2010-12-31 NT$14.03 NT$16.80 x
2011-12-31 NT$12.72 NT$16.80 x
2012-12-31 NT$13.18 NT$16.80 x
2013-12-31 NT$14.73 NT$16.80 x
2014-12-31 NT$15.38 NT$16.80 x
2015-12-31 NT$14.98 NT$16.80 x
2016-12-31 NT$15.87 NT$16.80 x
2017-12-31 NT$16.95 NT$16.80 x
2018-12-31 NT$17.79 NT$16.80 x
2019-12-31 NT$18.46 NT$16.80 x
2020-12-31 NT$19.58 NT$16.80 x
2021-12-31 NT$22.33 NT$16.80 x
2022-12-31 NT$21.96 NT$16.80 x
2023-12-31 NT$22.52 NT$16.80 x
2024-12-31 NT$23.77 NT$16.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shinkong Synthetic Fiber 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): 4.48%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.80%
  • • Asset Turnover: 0.21x
  • • Equity Multiplier: 5.63x
  • Recent ROE (4.48%) is above the historical average (4.37%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 4.84% 3.56% 0.59x 2.30x NT$-589.09 Million
2003 2.06% 1.41% 0.68x 2.17x NT$-1.02 Billion
2004 3.65% 2.46% 0.77x 1.92x NT$-892.14 Million
2005 0.51% 0.33% 0.72x 2.18x NT$-1.43 Billion
2006 0.87% 0.56% 0.69x 2.25x NT$-1.60 Billion
2007 3.51% 1.98% 0.39x 4.49x NT$-1.18 Billion
2008 -0.45% -0.21% 0.42x 5.20x NT$-1.55 Billion
2009 3.41% 2.17% 0.35x 4.44x NT$-1.21 Billion
2010 8.13% 5.07% 0.40x 4.04x NT$-433.45 Million
2011 5.55% 3.06% 0.40x 4.50x NT$-1.01 Billion
2012 4.18% 2.42% 0.37x 4.69x NT$-1.34 Billion
2013 4.44% 2.76% 0.34x 4.77x NT$-1.44 Billion
2014 5.28% 3.40% 0.31x 5.03x NT$-1.22 Billion
2015 3.05% 2.06% 0.28x 5.27x NT$-1.71 Billion
2016 2.92% 2.23% 0.26x 5.11x NT$-1.81 Billion
2017 3.52% 2.69% 0.25x 5.28x NT$-1.77 Billion
2018 8.55% 5.91% 0.29x 5.00x NT$-417.18 Million
2019 6.01% 4.82% 0.24x 5.27x NT$-1.19 Billion
2020 5.05% 4.97% 0.18x 5.50x NT$-1.57 Billion
2021 10.77% 8.91% 0.22x 5.43x NT$279.56 Million
2022 7.96% 6.33% 0.25x 5.12x NT$-724.43 Million
2023 2.10% 1.96% 0.20x 5.37x NT$-2.87 Billion
2024 4.48% 3.80% 0.21x 5.63x NT$-2.10 Billion

Industry Comparison

This section compares Shinkong Synthetic Fiber Corp's net assets metrics with peer companies in the Textile Manufacturing industry.

Industry Context

  • Industry: Textile Manufacturing
  • Average net assets among peers: $20,974,622,778
  • Average return on equity (ROE) among peers: 8.11%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shinkong Synthetic Fiber Corp (1409) NT$51.03 Billion 4.84% 3.29x $854.13 Million
San Fang Chemical Industry Co Ltd (1307) $7.65 Billion 1.52% 0.93x $397.31 Million
Universal Inc (1325) $1.60 Billion 11.31% 0.14x $70.39 Million
Fulin Plastic Industry Cayman Holding Co Ltd (1341) $1.27 Billion 23.39% 0.86x $101.90 Million
Cathay Consolidated Inc (1342) $936.36 Million 19.28% 0.62x $229.70 Million
Far Eastern New Century Corp (1402) $171.83 Billion 5.07% 0.97x $4.34 Billion
Nan Yang Dyeing & Finishing Co Ltd (1410) $1.26 Billion 7.34% 0.21x $53.81 Million
Hung Chou Fiber Ind Co Ltd (1413) $1.23 Billion 8.07% 1.17x $39.67 Million
Tung Ho Textile Co Ltd (1414) $1.80 Billion 0.00% 2.40x $103.86 Million
Tong-Hwa Synthetic Fiber Co Ltd (1418) $1.20 Billion -3.01% 1.03x $32.85 Million

About Shinkong Synthetic Fiber Corp

TW:1409 Taiwan Textile Manufacturing
Market Cap
$854.13 Million
NT$27.11 Billion TWD
Market Cap Rank
#9837 Global
#305 in Taiwan
Share Price
NT$16.80
Change (1 day)
-1.18%
52-Week Range
NT$11.80 - NT$17.80
All Time High
NT$21.43
Categories
Companies in Taiwan Textile Manufacturing
About

Shinkong Synthetic Fibers Corporation researches for, manufactures, and sells polyester chips and polyester films in Asia. The company's products primarily include partially oriented yarns, polyester filament yarns, fully drawn yarns, polyester staple fibers, polyester draw textured yarns, industrial yarns, polyester pellets, PET bottle grade resins, PET bottles, PET bottle preforms, engineering … Read more