Zig Sheng Industrial Co Ltd (1455) - Net Assets
Based on the latest financial reports, Zig Sheng Industrial Co Ltd (1455) has net assets worth NT$5.95 Billion TWD (≈ $187.47 Million 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$9.34 Billion ≈ $294.41 Million USD) and total liabilities (NT$3.39 Billion ≈ $106.94 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 financial resilience of Zig Sheng Industrial Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$5.95 Billion |
| % of Total Assets | 63.68% |
| Annual Growth Rate | 0.64% |
| 5-Year Change | -3.33% |
| 10-Year Change | -15.61% |
| Growth Volatility | 8.01 |
Zig Sheng Industrial Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Zig Sheng Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Zig Sheng Industrial Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Zig Sheng Industrial Co Ltd (2003–2024)
The table below shows the annual net assets of Zig Sheng Industrial Co Ltd from 2003 to 2024. For live valuation and market cap data, see 1455 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.31 Billion ≈ $198.75 Million |
+0.03% |
| 2023-12-31 | NT$6.31 Billion ≈ $198.68 Million |
-4.30% |
| 2022-12-31 | NT$6.59 Billion ≈ $207.60 Million |
-9.86% |
| 2021-12-31 | NT$7.31 Billion ≈ $230.31 Million |
+12.02% |
| 2020-12-31 | NT$6.53 Billion ≈ $205.60 Million |
-9.37% |
| 2019-12-31 | NT$7.20 Billion ≈ $226.85 Million |
-5.34% |
| 2018-12-31 | NT$7.61 Billion ≈ $239.63 Million |
-2.02% |
| 2017-12-31 | NT$7.76 Billion ≈ $244.57 Million |
+2.41% |
| 2016-12-31 | NT$7.58 Billion ≈ $238.82 Million |
+1.40% |
| 2015-12-31 | NT$7.48 Billion ≈ $235.52 Million |
+0.11% |
| 2014-12-31 | NT$7.47 Billion ≈ $235.27 Million |
-0.76% |
| 2013-12-31 | NT$7.52 Billion ≈ $237.08 Million |
+4.39% |
| 2012-12-31 | NT$7.21 Billion ≈ $227.11 Million |
+10.35% |
| 2011-12-31 | NT$6.53 Billion ≈ $205.81 Million |
-2.33% |
| 2010-12-31 | NT$6.69 Billion ≈ $210.72 Million |
+15.28% |
| 2009-12-31 | NT$5.80 Billion ≈ $182.80 Million |
+17.04% |
| 2008-12-31 | NT$4.96 Billion ≈ $156.19 Million |
-15.54% |
| 2007-12-31 | NT$5.87 Billion ≈ $184.93 Million |
+1.65% |
| 2006-12-31 | NT$5.77 Billion ≈ $181.92 Million |
+2.43% |
| 2005-12-31 | NT$5.64 Billion ≈ $177.60 Million |
-4.63% |
| 2004-12-31 | NT$5.91 Billion ≈ $186.22 Million |
+7.23% |
| 2003-12-31 | NT$5.51 Billion ≈ $173.67 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Zig Sheng Industrial Co 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 decreased by 98.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.43 Million | 0.10% |
| Other Components | NT$6.30 Billion | 99.90% |
| Total Equity | NT$6.31 Billion | 100.00% |
Zig Sheng Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Zig Sheng Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Onde SA
WAR:OND
|
$136.52 Million |
|
Luda Technology Group Limited
NYSE MKT:LUD
|
$136.59 Million |
|
MCH Group AG
SW:MCHN
|
$136.65 Million |
|
Apollo Silver Corp
V:APGO
|
$136.66 Million |
|
HLB Life Science Co. Ltd
KQ:067630
|
$136.50 Million |
|
Thessaloniki Water Supply & Sewerage Co S.A
AT:EYAPS
|
$136.49 Million |
|
WiSoL CO.LTD
KQ:122990
|
$136.48 Million |
|
YFC-BonEagle Electric Co Ltd
TWO:6220
|
$136.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zig Sheng Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,306,356,000 to 6,308,330,000, a change of 1,974,000 (0.0%).
- Net income of 5,250,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 717,339,000.
- Other factors increased equity by 714,063,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.25 Million | +0.08% |
| Other Comprehensive Income | NT$-717.34 Million | -11.37% |
| Other Changes | NT$714.06 Million | +11.32% |
| Total Change | NT$- | 0.03% |
Book Value vs Market Value Analysis
This analysis compares Zig Sheng Industrial Co 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: 0.69x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$10.93 | NT$8.15 | x |
| 2010-12-31 | NT$12.63 | NT$8.15 | x |
| 2011-12-31 | NT$12.33 | NT$8.15 | x |
| 2012-12-31 | NT$12.29 | NT$8.15 | x |
| 2013-12-31 | NT$12.29 | NT$8.15 | x |
| 2014-12-31 | NT$12.20 | NT$8.15 | x |
| 2015-12-31 | NT$12.21 | NT$8.15 | x |
| 2016-12-31 | NT$12.38 | NT$8.15 | x |
| 2017-12-31 | NT$12.67 | NT$8.15 | x |
| 2018-12-31 | NT$12.42 | NT$8.15 | x |
| 2019-12-31 | NT$11.77 | NT$8.15 | x |
| 2020-12-31 | NT$11.29 | NT$8.15 | x |
| 2021-12-31 | NT$13.72 | NT$8.15 | x |
| 2022-12-31 | NT$12.39 | NT$8.15 | x |
| 2023-12-31 | NT$11.86 | NT$8.15 | x |
| 2024-12-31 | NT$11.86 | NT$8.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zig Sheng Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.06%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.75x
- Recent ROE (0.08%) is below the historical average (3.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 4.54% | 3.68% | 0.90x | 1.37x | NT$-301.04 Million |
| 2004 | 8.49% | 6.02% | 0.94x | 1.51x | NT$-89.32 Million |
| 2006 | 3.22% | 1.53% | 1.12x | 1.88x | NT$-391.75 Million |
| 2007 | 2.93% | 1.13% | 1.39x | 1.86x | NT$-415.13 Million |
| 2009 | 14.86% | 6.72% | 1.31x | 1.69x | NT$282.07 Million |
| 2010 | 13.99% | 5.41% | 1.54x | 1.68x | NT$267.02 Million |
| 2011 | 2.03% | 0.70% | 1.33x | 2.19x | NT$-520.67 Million |
| 2012 | -1.36% | -0.58% | 1.21x | 1.95x | NT$-819.14 Million |
| 2013 | 4.88% | 2.01% | 1.33x | 1.83x | NT$-385.17 Million |
| 2014 | 0.77% | 0.32% | 1.46x | 1.67x | NT$-689.43 Million |
| 2015 | 1.77% | 0.88% | 1.31x | 1.53x | NT$-615.41 Million |
| 2016 | 2.75% | 1.60% | 1.14x | 1.51x | NT$-549.70 Million |
| 2017 | 4.65% | 2.41% | 1.24x | 1.56x | NT$-414.97 Million |
| 2018 | 1.18% | 0.57% | 1.38x | 1.51x | NT$-670.62 Million |
| 2019 | -4.20% | -2.56% | 1.23x | 1.34x | NT$-1.02 Billion |
| 2020 | -0.61% | -0.52% | 0.86x | 1.37x | NT$-692.70 Million |
| 2021 | 12.59% | 8.20% | 1.04x | 1.47x | NT$189.05 Million |
| 2022 | -4.28% | -3.03% | 1.01x | 1.39x | NT$-940.73 Million |
| 2023 | -3.81% | -3.10% | 0.75x | 1.63x | NT$-870.79 Million |
| 2024 | 0.08% | 0.06% | 0.86x | 1.75x | NT$-625.58 Million |
Industry Comparison
This section compares Zig Sheng Industrial Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $20,693,635,800
- Average return on equity (ROE) among peers: 7.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zig Sheng Industrial Co Ltd (1455) | NT$5.95 Billion | 4.54% | 0.57x | $136.52 Million |
| San Fang Chemical Industry Co Ltd (1307) | $7.87 Billion | 2.77% | 0.95x | $397.31 Million |
| Universal Inc (1325) | $1.20 Billion | 2.96% | 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) | $767.81 Million | 20.83% | 0.72x | $229.70 Million |
| Far Eastern New Century Corp (1402) | $168.41 Billion | 6.58% | 0.95x | $4.34 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $19.64 Billion | -0.34% | 2.92x | $854.13 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.16 Billion | -2.10% | 0.41x | $53.81 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $1.13 Billion | 21.37% | 1.07x | $39.67 Million |
| Tung Ho Textile Co Ltd (1414) | $3.08 Billion | 1.25% | 0.46x | $103.86 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $2.40 Billion | 0.00% | 0.85x | $32.85 Million |
About Zig Sheng Industrial Co Ltd
Zig Sheng Industrial Co., Ltd. engages in the spinning, weaving, dyeing, finishing, printing, buying, and selling of fibers, synthetic cotton, and nylon yarn in Taiwan. It offers nylon/polyester filament; nylon/polyester textured yarn; nylon chips; polyamide compound; and hollow fiber membrane. The company also engages in the production, import, export, buying, and selling of petrochemical indust… Read more