Chang Ho Fibre Corp
Chang-Ho Fibre Corporation, together with its subsidiaries, engages in the manufacture and sale of various types of fibers in Taiwan and China. The company offers ultra-fine and super-micro fibers, and dyed and finished fabrics, as well as micro and ultra-microfiber yarns. It is also involved in investment business; and development and sale of residential and commercial buildings. The company was… Read more
Chang Ho Fibre Corp (1468) - Net Assets
Latest net assets as of September 2025: NT$1.42 Billion TWD
Based on the latest financial reports, Chang Ho Fibre Corp (1468) has net assets worth NT$1.42 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$3.08 Billion) and total liabilities (NT$1.66 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$1.42 Billion |
| % of Total Assets | 46.13% |
| Annual Growth Rate | -1.35% |
| 5-Year Change | 16.02% |
| 10-Year Change | 23.88% |
| Growth Volatility | 8.95 |
Chang Ho Fibre Corp - Net Assets Trend (2002–2024)
This chart illustrates how Chang Ho Fibre 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 Chang Ho Fibre Corp (2002–2024)
The table below shows the annual net assets of Chang Ho Fibre Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.46 Billion | +15.72% |
| 2023-12-31 | NT$1.26 Billion | +2.78% |
| 2022-12-31 | NT$1.23 Billion | +1.44% |
| 2021-12-31 | NT$1.21 Billion | -3.83% |
| 2020-12-31 | NT$1.26 Billion | +6.47% |
| 2019-12-31 | NT$1.18 Billion | +11.35% |
| 2018-12-31 | NT$1.06 Billion | +4.58% |
| 2017-12-31 | NT$1.01 Billion | -9.61% |
| 2016-12-31 | NT$1.12 Billion | -4.73% |
| 2015-12-31 | NT$1.18 Billion | -5.17% |
| 2014-12-31 | NT$1.24 Billion | -4.50% |
| 2013-12-31 | NT$1.30 Billion | -3.40% |
| 2012-12-31 | NT$1.35 Billion | -19.04% |
| 2011-12-31 | NT$1.66 Billion | +14.60% |
| 2010-12-31 | NT$1.45 Billion | -16.91% |
| 2009-12-31 | NT$1.75 Billion | -11.71% |
| 2008-12-31 | NT$1.98 Billion | -2.62% |
| 2007-12-31 | NT$2.03 Billion | +5.58% |
| 2006-12-31 | NT$1.92 Billion | -3.84% |
| 2005-12-31 | NT$2.00 Billion | +8.23% |
| 2004-12-31 | NT$1.85 Billion | -4.83% |
| 2003-12-31 | NT$1.94 Billion | -1.21% |
| 2002-12-31 | NT$1.97 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chang Ho Fibre 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 decreased by 345.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.60 Billion | 116.45% |
| Other Comprehensive Income | NT$220.27 Million | 15.99% |
| Other Components | NT$26.75 Million | 1.94% |
| Total Equity | NT$1.38 Billion | 100.00% |
Chang Ho Fibre Corp Competitors by Market Cap
The table below lists competitors of Chang Ho Fibre Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhong An Group Limited
F:35Z
|
$17.05 Million |
|
NTF Intergroup (Thailand) Public Company Limited
BK:NTF
|
$17.05 Million |
|
Sangsin Brake
KO:041650
|
$17.06 Million |
|
LB Lusem Co. Ltd.
KQ:376190
|
$17.07 Million |
|
Mustang Industrial
TWO:5460
|
$17.04 Million |
|
KMH Hitech Co. Ltd
KQ:052900
|
$17.04 Million |
|
Aadi Bioscience Inc
NASDAQ:AADI
|
$17.03 Million |
|
Duro Felguera
MC:MDF
|
$17.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chang Ho Fibre Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,199,867,000 to 1,377,488,000, a change of 177,621,000 (14.8%).
- Net income of 151,316,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 12,063,000.
- Other factors increased equity by 14,242,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$151.32 Million | +10.98% |
| Other Comprehensive Income | NT$12.06 Million | +0.88% |
| Other Changes | NT$14.24 Million | +1.03% |
| Total Change | NT$- | 14.80% |
Book Value vs Market Value Analysis
This analysis compares Chang Ho Fibre 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: 1.43x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.24x to 1.43x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$9.87 | NT$12.20 | x |
| 2010-12-31 | NT$8.22 | NT$12.20 | x |
| 2011-12-31 | NT$9.66 | NT$12.20 | x |
| 2012-12-31 | NT$8.02 | NT$12.20 | x |
| 2013-12-31 | NT$7.73 | NT$12.20 | x |
| 2014-12-31 | NT$7.41 | NT$12.20 | x |
| 2015-12-31 | NT$7.06 | NT$12.20 | x |
| 2016-12-31 | NT$6.76 | NT$12.20 | x |
| 2017-12-31 | NT$6.14 | NT$12.20 | x |
| 2018-12-31 | NT$6.42 | NT$12.20 | x |
| 2019-12-31 | NT$7.24 | NT$12.20 | x |
| 2020-12-31 | NT$7.66 | NT$12.20 | x |
| 2021-12-31 | NT$7.33 | NT$12.20 | x |
| 2022-12-31 | NT$7.44 | NT$12.20 | x |
| 2023-12-31 | NT$7.48 | NT$12.20 | x |
| 2024-12-31 | NT$8.52 | NT$12.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chang Ho Fibre Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.98%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.03%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.13x
- Recent ROE (10.98%) is above the historical average (-2.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 1.68% | 2.92% | 0.40x | 1.44x | NT$-163.59 Million |
| 2003 | 0.42% | 0.61% | 0.45x | 1.52x | NT$-186.20 Million |
| 2009 | -13.88% | -22.10% | 0.31x | 2.04x | NT$-378.88 Million |
| 2010 | -19.70% | -27.14% | 0.31x | 2.37x | NT$-391.66 Million |
| 2011 | 13.08% | 18.00% | 0.39x | 1.86x | NT$47.74 Million |
| 2012 | -19.73% | -31.49% | 0.33x | 1.92x | NT$-382.57 Million |
| 2013 | -3.85% | -6.23% | 0.31x | 1.99x | NT$-171.75 Million |
| 2014 | -4.86% | -9.81% | 0.24x | 2.10x | NT$-176.52 Million |
| 2015 | -4.64% | -9.02% | 0.24x | 2.16x | NT$-165.74 Million |
| 2016 | -3.69% | -6.94% | 0.24x | 2.24x | NT$-148.42 Million |
| 2017 | -9.57% | -15.73% | 0.26x | 2.35x | NT$-192.81 Million |
| 2018 | 3.76% | 4.20% | 0.37x | 2.41x | NT$-64.31 Million |
| 2019 | 2.72% | 3.13% | 0.39x | 2.23x | NT$-84.45 Million |
| 2020 | 1.33% | 1.70% | 0.34x | 2.33x | NT$-106.52 Million |
| 2021 | 1.19% | 1.23% | 0.33x | 2.92x | NT$-103.58 Million |
| 2022 | 3.10% | 2.62% | 0.54x | 2.20x | NT$-82.32 Million |
| 2023 | 2.27% | 2.59% | 0.38x | 2.31x | NT$-92.75 Million |
| 2024 | 10.98% | 14.03% | 0.37x | 2.13x | NT$13.57 Million |
Industry Comparison
This section compares Chang Ho Fibre Corp's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $10,082,241,600
- Average return on equity (ROE) among peers: 5.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chang Ho Fibre Corp (1468) | NT$1.42 Billion | 1.68% | 1.17x | $17.05 Million |
| 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 |
| Far Eastern New Century Corp (1402) | $69.12 Billion | 1.05% | 1.32x | $2.98 Billion |
| 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 |