I-Hwa Industrial Co Ltd
I-Hwa Industrial Co.,Ltd engages in real estate business in Taiwan. The company is involved in the land development and construction of houses; and residential and building development and leasing. It also manufactures and trades finished fabrics, woolen yarn, cotton yarn, and dyestuffs. In addition, the company provides general advertising services and e-commerce services; and engages in the gen… Read more
I-Hwa Industrial Co Ltd (1456) - Net Assets
Latest net assets as of September 2025: NT$1.53 Billion TWD
Based on the latest financial reports, I-Hwa Industrial Co Ltd (1456) has net assets worth NT$1.53 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$12.63 Billion) and total liabilities (NT$11.10 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$1.53 Billion |
| % of Total Assets | 12.14% |
| Annual Growth Rate | -0.19% |
| 5-Year Change | 25.55% |
| 10-Year Change | 47.39% |
| Growth Volatility | 337.28 |
I-Hwa Industrial Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how I-Hwa Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for I-Hwa Industrial Co Ltd (2002–2024)
The table below shows the annual net assets of I-Hwa Industrial Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.62 Billion | +5.54% |
| 2023-12-31 | NT$1.53 Billion | +0.34% |
| 2022-12-31 | NT$1.53 Billion | -12.36% |
| 2021-12-31 | NT$1.74 Billion | +35.28% |
| 2020-12-31 | NT$1.29 Billion | +5.64% |
| 2019-12-31 | NT$1.22 Billion | +4.60% |
| 2018-12-31 | NT$1.17 Billion | -0.83% |
| 2017-12-31 | NT$1.18 Billion | +4.45% |
| 2016-12-31 | NT$1.13 Billion | +2.56% |
| 2015-12-31 | NT$1.10 Billion | +13.27% |
| 2014-12-31 | NT$968.79 Million | +1606.85% |
| 2013-12-31 | NT$56.76 Million | -68.95% |
| 2012-12-31 | NT$182.82 Million | +21.81% |
| 2011-12-31 | NT$150.08 Million | -63.79% |
| 2010-12-31 | NT$414.48 Million | -26.78% |
| 2009-12-31 | NT$566.11 Million | -32.09% |
| 2008-12-31 | NT$833.62 Million | -24.55% |
| 2007-12-31 | NT$1.10 Billion | -12.87% |
| 2006-12-31 | NT$1.27 Billion | +5.92% |
| 2005-12-31 | NT$1.20 Billion | -14.66% |
| 2004-12-31 | NT$1.40 Billion | -9.94% |
| 2003-12-31 | NT$1.56 Billion | -7.57% |
| 2002-12-31 | NT$1.69 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to I-Hwa 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 grown by 18664200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$186.64 Million | 11.54% |
| Common Stock | NT$937.20 Million | 57.95% |
| Other Comprehensive Income | NT$475.09 Million | 29.38% |
| Other Components | NT$18.38 Million | 1.14% |
| Total Equity | NT$1.62 Billion | 100.00% |
I-Hwa Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of I-Hwa Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stadlauer Malzfabrik Aktiengesellschaft
VI:STM
|
$7.40 Million |
|
Barunson Co. Ltd
KQ:018700
|
$7.40 Million |
|
Voksel Electric Tbk
JK:VOKS
|
$7.40 Million |
|
Begistics Public Company Limited
BK:B
|
$7.40 Million |
|
AppYea Inc
OTCQB:APYP
|
$7.40 Million |
|
Medirom Healthcare Technologies Inc
NASDAQ:MRM
|
$7.39 Million |
|
Turbo Energy, S.A. American Depositary Shares
NASDAQ:TURB
|
$7.39 Million |
|
TalkPool AG
ST:TALK
|
$7.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in I-Hwa Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,532,458,000 to 1,617,307,000, a change of 84,849,000 (5.5%).
- Net income of 103,593,000 contributed positively to equity growth.
- Dividend payments of 18,744,000 reduced retained earnings.
- Other comprehensive income increased equity by 18,515,000.
- Other factors decreased equity by 18,515,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$103.59 Million | +6.41% |
| Dividends Paid | NT$18.74 Million | -1.16% |
| Other Comprehensive Income | NT$18.52 Million | +1.14% |
| Other Changes | NT$-18.52 Million | -1.14% |
| Total Change | NT$- | 5.54% |
Book Value vs Market Value Analysis
This analysis compares I-Hwa 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: 0.79x
- 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$18.08 | NT$13.55 | x |
| 2010-12-31 | NT$12.98 | NT$13.55 | x |
| 2011-12-31 | NT$3.97 | NT$13.55 | x |
| 2012-12-31 | NT$5.76 | NT$13.55 | x |
| 2013-12-31 | NT$0.79 | NT$13.55 | x |
| 2014-12-31 | NT$10.34 | NT$13.55 | x |
| 2015-12-31 | NT$11.70 | NT$13.55 | x |
| 2016-12-31 | NT$12.00 | NT$13.55 | x |
| 2017-12-31 | NT$12.54 | NT$13.55 | x |
| 2018-12-31 | NT$12.44 | NT$13.55 | x |
| 2019-12-31 | NT$13.01 | NT$13.55 | x |
| 2020-12-31 | NT$13.74 | NT$13.55 | x |
| 2021-12-31 | NT$18.57 | NT$13.55 | x |
| 2022-12-31 | NT$16.30 | NT$13.55 | x |
| 2023-12-31 | NT$16.35 | NT$13.55 | x |
| 2024-12-31 | NT$17.25 | NT$13.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently I-Hwa Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.94%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 7.79x
- Recent ROE (6.41%) is above the historical average (-40.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 4.32% | 1.12% | 0.84x | 4.57x | NT$-44.50 Million |
| 2009 | -49.04% | -13.39% | 0.62x | 5.92x | NT$-306.82 Million |
| 2010 | -43.95% | -7.60% | 0.73x | 7.89x | NT$-200.91 Million |
| 2011 | -199.67% | -10.55% | 0.85x | 22.22x | NT$-239.09 Million |
| 2012 | -137.79% | -13.69% | 0.79x | 12.74x | NT$-270.19 Million |
| 2013 | -197.66% | -13.37% | 0.29x | 50.52x | NT$-117.87 Million |
| 2014 | -115.54% | -123.20% | 0.21x | 4.40x | NT$-1.22 Billion |
| 2015 | 10.55% | 20.42% | 0.12x | 4.15x | NT$6.01 Million |
| 2016 | 4.19% | 4.83% | 0.21x | 4.04x | NT$-65.36 Million |
| 2017 | 3.27% | 3.81% | 0.22x | 3.96x | NT$-79.09 Million |
| 2018 | 1.06% | 2.60% | 0.09x | 4.32x | NT$-104.22 Million |
| 2019 | 2.10% | 2.40% | 0.21x | 4.19x | NT$-96.28 Million |
| 2020 | 5.28% | 9.50% | 0.11x | 5.21x | NT$-60.75 Million |
| 2021 | 26.08% | 19.23% | 0.33x | 4.09x | NT$280.16 Million |
| 2022 | -4.94% | -12.23% | 0.06x | 7.09x | NT$-228.19 Million |
| 2023 | 0.33% | 0.30% | 0.14x | 7.80x | NT$-148.16 Million |
| 2024 | 6.41% | 9.94% | 0.08x | 7.79x | NT$-58.14 Million |
Industry Comparison
This section compares I-Hwa Industrial Co Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $3,945,622,333
- Average return on equity (ROE) among peers: 5.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| I-Hwa Industrial Co Ltd (1456) | NT$1.53 Billion | 4.32% | 7.24x | $7.40 Million |
| Sun Yad Construction Co Ltd (1316) | $2.61 Billion | -3.93% | 1.72x | $116.42 Million |
| GTM Holdings Corp (1437) | $5.06 Billion | 8.52% | 0.86x | $110.77 Million |
| Hiyes International Co Ltd (2348) | $1.11 Billion | 8.17% | 0.85x | $117.34 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.67 Billion | 10.73% | 0.91x | $50.72 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $7.39 Billion | 0.87% | 1.55x | $131.26 Million |
| Crowell Development Corp (2528) | $307.29 Million | 0.00% | 4.72x | $192.79 Million |
| JSL Construction & Development Co Ltd (2540) | $4.04 Billion | 6.45% | 1.48x | $370.33 Million |
| Wanhwa Enterprise Co (2701) | $3.23 Billion | 11.73% | 0.32x | $33.75 Million |
| First Hotel Co Ltd (2706) | $8.10 Billion | 6.19% | 0.15x | $50.43 Million |