Honmyue Enterprise Co Ltd (1474) - Net Assets
Based on the latest financial reports, Honmyue Enterprise Co Ltd (1474) has net assets worth NT$2.10 Billion TWD (≈ $66.02 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$3.63 Billion ≈ $114.51 Million USD) and total liabilities (NT$1.54 Billion ≈ $48.50 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 asset resilience ratio of Honmyue Enterprise Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.10 Billion |
| % of Total Assets | 57.65% |
| Annual Growth Rate | 3.31% |
| 5-Year Change | 8.9% |
| 10-Year Change | 18.56% |
| Growth Volatility | 6.06 |
Honmyue Enterprise Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Honmyue Enterprise Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Honmyue Enterprise Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Honmyue Enterprise Co Ltd (2002–2024)
The table below shows the annual net assets of Honmyue Enterprise Co Ltd from 2002 to 2024. For live valuation and market cap data, see 1474 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.17 Billion ≈ $68.47 Million |
+6.89% |
| 2023-12-31 | NT$2.03 Billion ≈ $64.06 Million |
-4.85% |
| 2022-12-31 | NT$2.14 Billion ≈ $67.32 Million |
+2.35% |
| 2021-12-31 | NT$2.09 Billion ≈ $65.78 Million |
+4.62% |
| 2020-12-31 | NT$2.00 Billion ≈ $62.88 Million |
+5.06% |
| 2019-12-31 | NT$1.90 Billion ≈ $59.85 Million |
-1.47% |
| 2018-12-31 | NT$1.93 Billion ≈ $60.74 Million |
+2.09% |
| 2017-12-31 | NT$1.89 Billion ≈ $59.50 Million |
+1.84% |
| 2016-12-31 | NT$1.85 Billion ≈ $58.43 Million |
+1.17% |
| 2015-12-31 | NT$1.83 Billion ≈ $57.75 Million |
+2.61% |
| 2014-12-31 | NT$1.79 Billion ≈ $56.28 Million |
+1.93% |
| 2013-12-31 | NT$1.75 Billion ≈ $55.22 Million |
+2.51% |
| 2012-12-31 | NT$1.71 Billion ≈ $53.86 Million |
-7.33% |
| 2011-12-31 | NT$1.84 Billion ≈ $58.13 Million |
+2.46% |
| 2010-12-31 | NT$1.80 Billion ≈ $56.73 Million |
+2.60% |
| 2009-12-31 | NT$1.75 Billion ≈ $55.29 Million |
+0.18% |
| 2008-12-31 | NT$1.75 Billion ≈ $55.19 Million |
+4.47% |
| 2007-12-31 | NT$1.68 Billion ≈ $52.82 Million |
+1.58% |
| 2006-12-31 | NT$1.65 Billion ≈ $52.00 Million |
+8.44% |
| 2005-12-31 | NT$1.52 Billion ≈ $47.96 Million |
+4.55% |
| 2004-12-31 | NT$1.46 Billion ≈ $45.87 Million |
+9.08% |
| 2003-12-31 | NT$1.33 Billion ≈ $42.05 Million |
+25.68% |
| 2002-12-31 | NT$1.06 Billion ≈ $33.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Honmyue Enterprise 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 202.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$427.64 Million | 20.01% |
| Common Stock | NT$1.30 Billion | 60.77% |
| Other Comprehensive Income | NT$405.14 Million | 18.95% |
| Other Components | NT$5.89 Million | 0.28% |
| Total Equity | NT$2.14 Billion | 100.00% |
Honmyue Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of Honmyue Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SIFCO Industries Inc
NYSE MKT:SIF
|
$40.95 Million |
|
ROK Resources Inc
V:ROK
|
$40.96 Million |
|
Ascelia Pharma AB (publ)
ST:ACE
|
$40.96 Million |
|
Jindalee Lithium Ltd
AU:JLL
|
$40.97 Million |
|
Mineralbrunnen Überkingen-Teinach GmbH & Co. KGaA
F:MUT3
|
$40.92 Million |
|
Brookside Energy Ltd
AU:BRK
|
$40.91 Million |
|
Haranga Resources Ltd
AU:HAR
|
$40.89 Million |
|
JMT Co.Ltd
KQ:094970
|
$40.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Honmyue Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,004,013,000 to 2,137,644,000, a change of 133,631,000 (6.7%).
- Net income of 106,924,000 contributed positively to equity growth.
- Dividend payments of 1,256,000 reduced retained earnings.
- Other comprehensive income increased equity by 21,348,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$106.92 Million | +5.0% |
| Dividends Paid | NT$1.26 Million | -0.06% |
| Other Comprehensive Income | NT$21.35 Million | +1.0% |
| Other Changes | NT$6.62 Million | +0.31% |
| Total Change | NT$- | 6.67% |
Book Value vs Market Value Analysis
This analysis compares Honmyue Enterprise 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: 0.70x
- 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$12.73 | NT$10.00 | x |
| 2010-12-31 | NT$13.17 | NT$10.00 | x |
| 2011-12-31 | NT$13.61 | NT$10.00 | x |
| 2012-12-31 | NT$12.88 | NT$10.00 | x |
| 2013-12-31 | NT$13.32 | NT$10.00 | x |
| 2014-12-31 | NT$13.72 | NT$10.00 | x |
| 2015-12-31 | NT$14.06 | NT$10.00 | x |
| 2016-12-31 | NT$14.22 | NT$10.00 | x |
| 2017-12-31 | NT$14.41 | NT$10.00 | x |
| 2018-12-31 | NT$14.54 | NT$10.00 | x |
| 2019-12-31 | NT$14.42 | NT$10.00 | x |
| 2020-12-31 | NT$15.19 | NT$10.00 | x |
| 2021-12-31 | NT$15.88 | NT$10.00 | x |
| 2022-12-31 | NT$14.11 | NT$10.00 | x |
| 2023-12-31 | NT$15.43 | NT$10.00 | x |
| 2024-12-31 | NT$14.21 | NT$10.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Honmyue Enterprise 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): 5.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.37%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.82x
- Recent ROE (5.00%) is above the historical average (4.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 12.63% | 4.07% | 1.61x | 1.93x | NT$27.89 Million |
| 2003 | 10.39% | 4.25% | 1.28x | 1.91x | NT$5.24 Million |
| 2004 | 11.08% | 4.60% | 1.31x | 1.84x | NT$15.71 Million |
| 2006 | 5.37% | 2.50% | 1.23x | 1.75x | NT$-76.47 Million |
| 2007 | 5.04% | 2.12% | 1.13x | 2.11x | NT$-83.17 Million |
| 2009 | 0.80% | 0.51% | 0.86x | 1.80x | NT$-161.46 Million |
| 2010 | 7.30% | 3.16% | 1.26x | 1.83x | NT$-48.69 Million |
| 2011 | 3.64% | 1.65% | 1.26x | 1.76x | NT$-117.28 Million |
| 2012 | -4.61% | -2.32% | 1.04x | 1.91x | NT$-249.76 Million |
| 2013 | 4.07% | 1.98% | 1.04x | 1.98x | NT$-103.98 Million |
| 2014 | 3.19% | 1.61% | 1.02x | 1.93x | NT$-121.71 Million |
| 2015 | 4.96% | 2.60% | 1.00x | 1.91x | NT$-92.37 Million |
| 2016 | 6.56% | 3.75% | 0.97x | 1.81x | NT$-63.80 Million |
| 2017 | 5.80% | 3.24% | 0.84x | 2.14x | NT$-78.82 Million |
| 2018 | 5.95% | 3.12% | 0.95x | 2.00x | NT$-76.78 Million |
| 2019 | 2.08% | 1.13% | 0.95x | 1.93x | NT$-148.60 Million |
| 2020 | 5.43% | 3.76% | 0.74x | 1.95x | NT$-90.27 Million |
| 2021 | 6.96% | 4.11% | 0.82x | 2.06x | NT$-62.98 Million |
| 2022 | 3.66% | 2.43% | 0.82x | 1.84x | NT$-134.09 Million |
| 2023 | -2.22% | -1.65% | 0.71x | 1.88x | NT$-244.83 Million |
| 2024 | 5.00% | 3.37% | 0.81x | 1.82x | NT$-106.84 Million |
Industry Comparison
This section compares Honmyue Enterprise Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $22,148,862,600
- Average return on equity (ROE) among peers: 7.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Honmyue Enterprise Co Ltd (1474) | NT$2.10 Billion | 12.63% | 0.73x | $40.92 Million |
| San Fang Chemical Industry Co Ltd (1307) | $7.65 Billion | 1.52% | 0.93x | $397.31 Million |
| Universal Inc (1325) | $1.60 Billion | 11.31% | 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) | $936.36 Million | 19.28% | 0.62x | $229.70 Million |
| Far Eastern New Century Corp (1402) | $171.83 Billion | 5.07% | 0.97x | $4.34 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $32.72 Billion | 2.29% | 2.96x | $854.13 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.26 Billion | 7.34% | 0.21x | $53.81 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $1.23 Billion | 8.07% | 1.17x | $39.67 Million |
| Tung Ho Textile Co Ltd (1414) | $1.80 Billion | 0.00% | 2.40x | $103.86 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $1.20 Billion | -3.01% | 1.03x | $32.85 Million |
About Honmyue Enterprise Co Ltd
Honmyue Enterprise Co., Ltd., together with its subsidiaries, engages in the manufacturing and trading of cotton, wool, silk, and synthetic fiber textiles in Taiwan, China, and internationally. The company offers ISPO textrends; pack'n bag and soft equipment fabrics; eco-friendly fabrics, such as recycled polyester and nylon fabrics; apparel fabrics; home and contract fabrics comprising solar scr… Read more