I-Hwa Industrial Co Ltd (1456) - Net Assets
Based on the latest financial reports, I-Hwa Industrial Co Ltd (1456) has net assets worth NT$1.90 Billion TWD (≈ $59.74 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$13.35 Billion ≈ $420.48 Million USD) and total liabilities (NT$11.45 Billion ≈ $360.74 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 I-Hwa Industrial Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.90 Billion |
| % of Total Assets | 14.21% |
| Annual Growth Rate | 0.61% |
| 5-Year Change | 11.13% |
| 10-Year Change | 72.09% |
| Growth Volatility | 330.0 |
I-Hwa Industrial Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how I-Hwa Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. See 1456 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for I-Hwa Industrial Co Ltd (2002–2025)
The table below shows the annual net assets of I-Hwa Industrial Co Ltd from 2002 to 2025. For live valuation and market cap data, see 1456 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.94 Billion ≈ $61.02 Million |
+19.75% |
| 2024-12-31 | NT$1.62 Billion ≈ $50.95 Million |
+5.54% |
| 2023-12-31 | NT$1.53 Billion ≈ $48.28 Million |
+0.34% |
| 2022-12-31 | NT$1.53 Billion ≈ $48.12 Million |
-12.36% |
| 2021-12-31 | NT$1.74 Billion ≈ $54.90 Million |
+35.28% |
| 2020-12-31 | NT$1.29 Billion ≈ $40.59 Million |
+5.64% |
| 2019-12-31 | NT$1.22 Billion ≈ $38.42 Million |
+4.60% |
| 2018-12-31 | NT$1.17 Billion ≈ $36.73 Million |
-0.83% |
| 2017-12-31 | NT$1.18 Billion ≈ $37.03 Million |
+4.45% |
| 2016-12-31 | NT$1.13 Billion ≈ $35.46 Million |
+2.56% |
| 2015-12-31 | NT$1.10 Billion ≈ $34.57 Million |
+13.27% |
| 2014-12-31 | NT$968.79 Million ≈ $30.52 Million |
+1606.85% |
| 2013-12-31 | NT$56.76 Million ≈ $1.79 Million |
-68.95% |
| 2012-12-31 | NT$182.82 Million ≈ $5.76 Million |
+21.81% |
| 2011-12-31 | NT$150.08 Million ≈ $4.73 Million |
-63.79% |
| 2010-12-31 | NT$414.48 Million ≈ $13.06 Million |
-26.78% |
| 2009-12-31 | NT$566.11 Million ≈ $17.84 Million |
-32.09% |
| 2008-12-31 | NT$833.62 Million ≈ $26.26 Million |
-24.55% |
| 2007-12-31 | NT$1.10 Billion ≈ $34.81 Million |
-12.87% |
| 2006-12-31 | NT$1.27 Billion ≈ $39.95 Million |
+5.92% |
| 2005-12-31 | NT$1.20 Billion ≈ $37.72 Million |
-14.66% |
| 2004-12-31 | NT$1.40 Billion ≈ $44.20 Million |
-9.94% |
| 2003-12-31 | NT$1.56 Billion ≈ $49.07 Million |
-7.57% |
| 2002-12-31 | NT$1.69 Billion ≈ $53.10 Million |
-- |
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 31937200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$319.37 Million | 16.49% |
| Common Stock | NT$937.20 Million | 48.39% |
| Other Comprehensive Income | NT$661.73 Million | 34.17% |
| Other Components | NT$18.38 Million | 0.95% |
| Total Equity | NT$1.94 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 |
|---|---|
|
JCH Systems Inc
KQ:033320
|
$41.93 Million |
|
Raphas Co. Ltd
KQ:214260
|
$41.94 Million |
|
INICS Corp.
KQ:452400
|
$41.96 Million |
|
Bragg Gaming Group Inc
TO:BRAG
|
$42.00 Million |
|
SINCLAIRS HOTELS ORD (BSE)
NSE:SINCLAIR
|
$41.91 Million |
|
Kaya Limited
NSE:KAYA
|
$41.88 Million |
|
Suominen Oyj
HE:SUY1V
|
$41.88 Million |
|
Monalisa
KO:012690
|
$41.85 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 2024 to 2025, total equity changed from 1,617,307,000 to 1,936,679,000, a change of 319,372,000 (19.7%).
- Net income of 319,372,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 186,642,000.
- Other factors decreased equity by 186,642,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$319.37 Million | +16.49% |
| Other Comprehensive Income | NT$186.64 Million | +9.64% |
| Other Changes | NT$-186.64 Million | -9.64% |
| Total Change | NT$- | 19.75% |
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: 0.69x
- 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$18.08 | NT$14.20 | x |
| 2010-12-31 | NT$12.98 | NT$14.20 | x |
| 2011-12-31 | NT$3.97 | NT$14.20 | x |
| 2012-12-31 | NT$5.76 | NT$14.20 | x |
| 2013-12-31 | NT$0.79 | NT$14.20 | x |
| 2014-12-31 | NT$10.34 | NT$14.20 | x |
| 2015-12-31 | NT$11.70 | NT$14.20 | x |
| 2016-12-31 | NT$12.00 | NT$14.20 | x |
| 2017-12-31 | NT$12.54 | NT$14.20 | x |
| 2018-12-31 | NT$12.44 | NT$14.20 | x |
| 2019-12-31 | NT$13.01 | NT$14.20 | x |
| 2020-12-31 | NT$13.74 | NT$14.20 | x |
| 2021-12-31 | NT$18.57 | NT$14.20 | x |
| 2022-12-31 | NT$16.30 | NT$14.20 | x |
| 2023-12-31 | NT$16.35 | NT$14.20 | x |
| 2024-12-31 | NT$17.25 | NT$14.20 | x |
| 2025-12-31 | NT$20.68 | NT$14.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently I-Hwa Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.49%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.53%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 6.86x
- Recent ROE (16.49%) is above the historical average (-37.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 4.32% | 1.12% | 0.84x | 4.57x | NT$-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 |
| 2025 | 16.49% | 38.53% | 0.06x | 6.86x | NT$125.70 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: $3,431,755,000
- Average return on equity (ROE) among peers: 0.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| I-Hwa Industrial Co Ltd (1456) | NT$1.90 Billion | 4.32% | 6.04x | $41.93 Million |
| Sun Yad Construction Co Ltd (1316) | $5.40 Billion | -0.52% | 0.96x | $126.61 Million |
| GTM Holdings Corp (1437) | $3.58 Billion | -3.54% | 1.47x | $188.58 Million |
| Hiyes International Co Ltd (2348) | $365.53 Million | 0.00% | 4.05x | $348.02 Million |
| Chainqui Construction Development Co Ltd (2509) | $4.59 Billion | -3.25% | 0.83x | $97.63 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $3.30 Billion | 0.00% | 1.20x | $301.01 Million |
| Crowell Development Corp (2528) | $146.62 Million | 0.00% | 20.33x | $309.07 Million |
| JSL Construction & Development Co Ltd (2540) | $4.16 Billion | 4.44% | 1.72x | $1.58 Billion |
| Wanhwa Enterprise Co (2701) | $4.22 Billion | 5.00% | 0.16x | $148.85 Million |
| First Hotel Co Ltd (2706) | $5.11 Billion | 5.98% | 0.18x | $192.18 Million |
About I-Hwa Industrial Co Ltd
I-Hwa Industrial Co.,Ltd engages in real estate business in Taiwan. It is involved in the land development and construction of houses; and residential and building development and leasing. The company also manufactures and trades finished fabrics, woolen yarn, cotton yarn, and dyes. In addition, it provides general advertising services and e-commerce services; and engages in the general investmen… Read more