Tainan Enterprises Co Ltd (1473) - Net Assets
Based on the latest financial reports, Tainan Enterprises Co Ltd (1473) has net assets worth NT$3.75 Billion TWD (≈ $118.06 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$5.10 Billion ≈ $160.67 Million USD) and total liabilities (NT$1.35 Billion ≈ $42.61 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 Tainan Enterprises Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.75 Billion |
| % of Total Assets | 73.48% |
| Annual Growth Rate | 2.31% |
| 5-Year Change | 26.33% |
| 10-Year Change | -3.17% |
| Growth Volatility | 8.81 |
Tainan Enterprises Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Tainan Enterprises Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 1473 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Tainan Enterprises Co Ltd (2000–2024)
The table below shows the annual net assets of Tainan Enterprises Co Ltd from 2000 to 2024. For live valuation and market cap data, see 1473 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.14 Billion ≈ $130.55 Million |
+12.03% |
| 2023-12-31 | NT$3.70 Billion ≈ $116.53 Million |
+4.54% |
| 2022-12-31 | NT$3.54 Billion ≈ $111.47 Million |
+15.86% |
| 2021-12-31 | NT$3.05 Billion ≈ $96.21 Million |
-6.90% |
| 2020-12-31 | NT$3.28 Billion ≈ $103.34 Million |
-14.05% |
| 2019-12-31 | NT$3.82 Billion ≈ $120.24 Million |
-1.41% |
| 2018-12-31 | NT$3.87 Billion ≈ $121.96 Million |
-1.33% |
| 2017-12-31 | NT$3.92 Billion ≈ $123.60 Million |
-6.43% |
| 2016-12-31 | NT$4.19 Billion ≈ $132.09 Million |
-2.03% |
| 2015-12-31 | NT$4.28 Billion ≈ $134.82 Million |
-5.98% |
| 2014-12-31 | NT$4.55 Billion ≈ $143.40 Million |
-6.23% |
| 2013-12-31 | NT$4.85 Billion ≈ $152.93 Million |
+0.62% |
| 2012-12-31 | NT$4.82 Billion ≈ $151.99 Million |
-8.75% |
| 2011-12-31 | NT$5.29 Billion ≈ $166.56 Million |
+9.35% |
| 2010-12-31 | NT$4.83 Billion ≈ $152.31 Million |
+4.40% |
| 2009-12-31 | NT$4.63 Billion ≈ $145.90 Million |
+1.80% |
| 2008-12-31 | NT$4.55 Billion ≈ $143.31 Million |
+2.01% |
| 2007-12-31 | NT$4.46 Billion ≈ $140.49 Million |
+19.33% |
| 2006-12-31 | NT$3.74 Billion ≈ $117.73 Million |
+13.13% |
| 2005-12-31 | NT$3.30 Billion ≈ $104.07 Million |
+13.39% |
| 2004-12-31 | NT$2.91 Billion ≈ $91.78 Million |
+0.33% |
| 2003-12-31 | NT$2.90 Billion ≈ $91.48 Million |
-1.85% |
| 2002-12-31 | NT$2.96 Billion ≈ $93.20 Million |
+5.22% |
| 2001-12-31 | NT$2.81 Billion ≈ $88.58 Million |
+17.39% |
| 2000-12-31 | NT$2.40 Billion ≈ $75.46 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tainan Enterprises 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 162.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.72 Billion | 41.47% |
| Common Stock | NT$1.46 Billion | 35.27% |
| Other Comprehensive Income | NT$139.42 Million | 3.36% |
| Other Components | NT$824.53 Million | 19.90% |
| Total Equity | NT$4.14 Billion | 100.00% |
Tainan Enterprises Co Ltd Competitors by Market Cap
The table below lists competitors of Tainan Enterprises Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Manuka Resources Ltd
AU:MKR
|
$95.13 Million |
|
Oroco Resource Corp
V:OCO
|
$95.13 Million |
|
S.Y.PANEL Co Ltd
KQ:109610
|
$95.15 Million |
|
Cherry Hill Mortgage Investment Corp
NYSE:CHMI
|
$95.16 Million |
|
Frontier Lithium Inc
V:FL
|
$95.07 Million |
|
Bien Sparebank ASA
OL:BIEN
|
$95.04 Million |
|
Largo Resources Ltd
TO:LGO
|
$95.03 Million |
|
Alcidion Group Ltd
AU:ALC
|
$95.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tainan Enterprises Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,698,869,000 to 4,143,758,000, a change of 444,889,000 (12.0%).
- Net income of 441,322,000 contributed positively to equity growth.
- Dividend payments of 175,384,000 reduced retained earnings.
- Other comprehensive income decreased equity by 663,876,001.
- Other factors increased equity by 842,827,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$441.32 Million | +10.65% |
| Dividends Paid | NT$175.38 Million | -4.23% |
| Other Comprehensive Income | NT$-663.88 Million | -16.02% |
| Other Changes | NT$842.83 Million | +20.34% |
| Total Change | NT$- | 12.03% |
Book Value vs Market Value Analysis
This analysis compares Tainan Enterprises 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: 0.73x
- 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$26.96 | NT$20.65 | x |
| 2010-12-31 | NT$27.71 | NT$20.65 | x |
| 2011-12-31 | NT$28.95 | NT$20.65 | x |
| 2012-12-31 | NT$27.21 | NT$20.65 | x |
| 2013-12-31 | NT$29.07 | NT$20.65 | x |
| 2014-12-31 | NT$28.14 | NT$20.65 | x |
| 2015-12-31 | NT$27.37 | NT$20.65 | x |
| 2016-12-31 | NT$27.44 | NT$20.65 | x |
| 2017-12-31 | NT$25.77 | NT$20.65 | x |
| 2018-12-31 | NT$26.43 | NT$20.65 | x |
| 2019-12-31 | NT$26.12 | NT$20.65 | x |
| 2020-12-31 | NT$22.44 | NT$20.65 | x |
| 2021-12-31 | NT$20.89 | NT$20.65 | x |
| 2022-12-31 | NT$24.18 | NT$20.65 | x |
| 2023-12-31 | NT$25.29 | NT$20.65 | x |
| 2024-12-31 | NT$28.31 | NT$20.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tainan Enterprises 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): 10.65%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.93%
- • Asset Turnover: 1.27x
- • Equity Multiplier: 1.42x
- Recent ROE (10.65%) is above the historical average (8.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 17.76% | 8.47% | 1.33x | 1.57x | NT$185.78 Million |
| 2001 | 17.64% | 9.00% | 1.32x | 1.48x | NT$214.92 Million |
| 2002 | 17.41% | 8.21% | 1.34x | 1.58x | NT$219.11 Million |
| 2003 | 13.37% | 5.40% | 1.61x | 1.54x | NT$97.95 Million |
| 2004 | 18.97% | 7.69% | 1.42x | 1.74x | NT$261.26 Million |
| 2005 | 17.58% | 7.18% | 1.34x | 1.82x | NT$241.44 Million |
| 2006 | 19.82% | 7.78% | 1.40x | 1.82x | NT$346.35 Million |
| 2007 | 15.22% | 6.34% | 1.42x | 1.69x | NT$207.85 Million |
| 2008 | 4.73% | 1.99% | 1.31x | 1.81x | NT$-206.84 Million |
| 2009 | 7.01% | 3.03% | 1.27x | 1.83x | NT$-118.39 Million |
| 2010 | 12.52% | 5.45% | 1.26x | 1.82x | NT$102.55 Million |
| 2011 | 11.23% | 4.64% | 1.14x | 2.13x | NT$52.30 Million |
| 2012 | 4.36% | 1.66% | 1.29x | 2.04x | NT$-224.97 Million |
| 2013 | 5.54% | 2.52% | 1.07x | 2.06x | NT$-189.11 Million |
| 2014 | 3.43% | 1.55% | 1.10x | 2.02x | NT$-270.18 Million |
| 2015 | 2.36% | 0.99% | 1.24x | 1.92x | NT$-305.67 Million |
| 2016 | 5.57% | 2.40% | 1.36x | 1.70x | NT$-178.45 Million |
| 2017 | 2.46% | 1.13% | 1.34x | 1.64x | NT$-287.49 Million |
| 2018 | 2.05% | 0.96% | 1.37x | 1.57x | NT$-307.94 Million |
| 2019 | 2.11% | 1.05% | 1.31x | 1.53x | NT$-301.53 Million |
| 2020 | -10.83% | -5.95% | 1.18x | 1.54x | NT$-683.20 Million |
| 2021 | -4.42% | -2.34% | 1.11x | 1.71x | NT$-440.48 Million |
| 2022 | 8.51% | 4.00% | 1.45x | 1.46x | NT$-52.77 Million |
| 2023 | 8.42% | 4.79% | 1.20x | 1.47x | NT$-58.42 Million |
| 2024 | 10.65% | 5.93% | 1.27x | 1.42x | NT$26.95 Million |
Industry Comparison
This section compares Tainan Enterprises Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,550,322,222
- Average return on equity (ROE) among peers: -6.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tainan Enterprises Co Ltd (1473) | NT$3.75 Billion | 17.76% | 0.36x | $95.09 Million |
| Tah Hsin Industrial Corp (1315) | $3.23 Billion | 4.77% | 0.58x | $185.99 Million |
| Tex-Ray Industrial Co Ltd (1467) | $2.57 Billion | -6.71% | 1.72x | $52.48 Million |
| Eclat Textile Co Ltd (1476) | $4.47 Billion | 26.47% | 0.64x | $2.97 Billion |
| Makalot Industrial Co Ltd (1477) | $5.33 Billion | 25.16% | 0.89x | $1.72 Billion |
| Munsin Garment (2916) | $915.83 Million | 9.10% | 0.38x | $90.71 Million |
| Cayman Tung Ling Co Ltd (2924) | $474.68 Million | -12.83% | 1.02x | $35.33 Million |
| TOPBI International Holdings Ltd (2929) | $3.49 Billion | -64.04% | 0.66x | $19.04 Million |
| Roo Hsing Co Ltd (4414) | $1.14 Billion | -42.53% | 1.54x | $83.11 Million |
| Hakers Enterprise Co Ltd (4432) | $1.33 Billion | 4.42% | 0.28x | $22.55 Million |
About Tainan Enterprises Co Ltd
Tainan Enterprises Co., Ltd., together with its subsidiaries, engages in the manufacturing, retail, and export of woven and knitted garments. It offers ready-to-wear, active wear, uniforms, and denim products, as well as accessories; and professional investment services. The company serves clients in the United States, Canada, Japan, China, Taiwan, Cambodia, Vietnam, Indonesia, and internationall… Read more