Shihlin Electric & Engineering Corp
Shihlin Electric & Engineering Corp. manufactures and sells heavy electrical equipment and machinery and automotive electrical equipment, devices, and related parts in Taiwan, Mainland China, Vietnam, and internationally. It operates through Electric Distribution, Automobile Parts, Automation Equipment and Parts, and Others segments. The company offers automobile parts, such as alternators, start… Read more
Shihlin Electric & Engineering Corp (1503) - Net Assets
Latest net assets as of September 2025: NT$37.16 Billion TWD
Based on the latest financial reports, Shihlin Electric & Engineering Corp (1503) has net assets worth NT$37.16 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$57.56 Billion) and total liabilities (NT$20.40 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$37.16 Billion |
| % of Total Assets | 64.56% |
| Annual Growth Rate | 6.71% |
| 5-Year Change | 49.32% |
| 10-Year Change | 75.15% |
| Growth Volatility | 6.05 |
Shihlin Electric & Engineering Corp - Net Assets Trend (2002–2024)
This chart illustrates how Shihlin Electric & Engineering 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 Shihlin Electric & Engineering Corp (2002–2024)
The table below shows the annual net assets of Shihlin Electric & Engineering Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$38.38 Billion | +15.78% |
| 2023-12-31 | NT$33.14 Billion | +15.53% |
| 2022-12-31 | NT$28.69 Billion | +6.11% |
| 2021-12-31 | NT$27.04 Billion | +5.20% |
| 2020-12-31 | NT$25.70 Billion | +4.16% |
| 2019-12-31 | NT$24.67 Billion | +4.64% |
| 2018-12-31 | NT$23.58 Billion | +5.30% |
| 2017-12-31 | NT$22.39 Billion | +2.49% |
| 2016-12-31 | NT$21.85 Billion | -0.27% |
| 2015-12-31 | NT$21.91 Billion | +1.65% |
| 2014-12-31 | NT$21.55 Billion | +3.50% |
| 2013-12-31 | NT$20.83 Billion | +4.71% |
| 2012-12-31 | NT$19.89 Billion | +2.46% |
| 2011-12-31 | NT$19.41 Billion | +15.79% |
| 2010-12-31 | NT$16.77 Billion | +4.88% |
| 2009-12-31 | NT$15.99 Billion | +25.41% |
| 2008-12-31 | NT$12.75 Billion | +1.41% |
| 2007-12-31 | NT$12.57 Billion | +10.94% |
| 2006-12-31 | NT$11.33 Billion | +6.91% |
| 2005-12-31 | NT$10.60 Billion | +7.59% |
| 2004-12-31 | NT$9.85 Billion | +4.75% |
| 2003-12-31 | NT$9.40 Billion | +2.26% |
| 2002-12-31 | NT$9.20 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shihlin Electric & Engineering 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 grown by 2235.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$13.37 Billion | 35.61% |
| Common Stock | NT$5.21 Billion | 13.88% |
| Other Comprehensive Income | NT$17.24 Billion | 45.92% |
| Other Components | NT$1.72 Billion | 4.59% |
| Total Equity | NT$37.54 Billion | 100.00% |
Shihlin Electric & Engineering Corp Competitors by Market Cap
The table below lists competitors of Shihlin Electric & Engineering Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing TRS Information Tech
SHE:300229
|
$1.64 Billion |
|
Ningbo Huaxiang Electronic Co Ltd
SHE:002048
|
$1.64 Billion |
|
Primary Health Properties PLC
PINK:PHPRF
|
$1.64 Billion |
|
Greek Org of Football Prognostics
PINK:GOFPY
|
$1.64 Billion |
|
Hanjinkal
KO:180640
|
$1.64 Billion |
|
Braze Inc
NASDAQ:BRZE
|
$1.64 Billion |
|
Red Cat Holdings Inc
NASDAQ:RCAT
|
$1.64 Billion |
|
KEIHAN HOLDINGS CO. LTD.
F:59X
|
$1.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shihlin Electric & Engineering Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 32,425,409,000 to 37,537,924,000, a change of 5,112,515,000 (15.8%).
- Net income of 3,025,741,000 contributed positively to equity growth.
- Dividend payments of 1,562,917,000 reduced retained earnings.
- Other comprehensive income increased equity by 13,117,836,000.
- Other factors decreased equity by 9,468,145,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.03 Billion | +8.06% |
| Dividends Paid | NT$1.56 Billion | -4.16% |
| Other Comprehensive Income | NT$13.12 Billion | +34.95% |
| Other Changes | NT$-9.47 Billion | -25.22% |
| Total Change | NT$- | 15.77% |
Book Value vs Market Value Analysis
This analysis compares Shihlin Electric & Engineering 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: 2.85x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.60x to 2.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$21.34 | NT$205.00 | x |
| 2007-12-31 | NT$23.67 | NT$205.00 | x |
| 2008-12-31 | NT$24.12 | NT$205.00 | x |
| 2009-12-31 | NT$30.21 | NT$205.00 | x |
| 2010-12-31 | NT$31.62 | NT$205.00 | x |
| 2011-12-31 | NT$36.59 | NT$205.00 | x |
| 2012-12-31 | NT$37.48 | NT$205.00 | x |
| 2013-12-31 | NT$38.95 | NT$205.00 | x |
| 2014-12-31 | NT$40.23 | NT$205.00 | x |
| 2015-12-31 | NT$40.88 | NT$205.00 | x |
| 2016-12-31 | NT$40.81 | NT$205.00 | x |
| 2017-12-31 | NT$41.84 | NT$205.00 | x |
| 2018-12-31 | NT$44.17 | NT$205.00 | x |
| 2019-12-31 | NT$46.14 | NT$205.00 | x |
| 2020-12-31 | NT$48.09 | NT$205.00 | x |
| 2021-12-31 | NT$50.55 | NT$205.00 | x |
| 2022-12-31 | NT$53.60 | NT$205.00 | x |
| 2023-12-31 | NT$62.08 | NT$205.00 | x |
| 2024-12-31 | NT$71.91 | NT$205.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shihlin Electric & Engineering Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.63%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.56x
- Recent ROE (8.06%) is above the historical average (6.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.40% | 3.76% | 0.66x | 1.78x | NT$-514.79 Million |
| 2003 | 4.45% | 3.55% | 0.71x | 1.76x | NT$-521.97 Million |
| 2004 | 5.71% | 4.34% | 0.72x | 1.84x | NT$-421.31 Million |
| 2005 | 6.54% | 4.64% | 0.79x | 1.79x | NT$-361.15 Million |
| 2006 | 7.78% | 5.38% | 0.75x | 1.92x | NT$-247.73 Million |
| 2007 | 8.37% | 6.05% | 0.68x | 2.04x | NT$-201.81 Million |
| 2008 | 6.27% | 4.49% | 0.65x | 2.15x | NT$-468.15 Million |
| 2009 | 19.02% | 14.81% | 0.79x | 1.63x | NT$1.42 Billion |
| 2010 | 5.14% | 4.58% | 0.69x | 1.63x | NT$-803.99 Million |
| 2011 | 5.74% | 5.39% | 0.68x | 1.56x | NT$-817.97 Million |
| 2012 | 4.89% | 4.84% | 0.65x | 1.54x | NT$-1.00 Billion |
| 2013 | 5.75% | 5.97% | 0.59x | 1.63x | NT$-868.42 Million |
| 2014 | 6.01% | 6.40% | 0.58x | 1.62x | NT$-842.21 Million |
| 2015 | 5.81% | 6.23% | 0.58x | 1.62x | NT$-897.83 Million |
| 2016 | 5.83% | 5.82% | 0.59x | 1.70x | NT$-890.40 Million |
| 2017 | 6.06% | 5.98% | 0.60x | 1.69x | NT$-862.70 Million |
| 2018 | 6.12% | 5.66% | 0.62x | 1.73x | NT$-898.34 Million |
| 2019 | 6.92% | 6.43% | 0.64x | 1.69x | NT$-743.24 Million |
| 2020 | 6.06% | 5.94% | 0.61x | 1.67x | NT$-991.10 Million |
| 2021 | 6.82% | 6.52% | 0.61x | 1.71x | NT$-840.09 Million |
| 2022 | 7.17% | 6.53% | 0.62x | 1.76x | NT$-794.35 Million |
| 2023 | 7.24% | 7.38% | 0.59x | 1.66x | NT$-894.27 Million |
| 2024 | 8.06% | 8.63% | 0.60x | 1.56x | NT$-728.05 Million |
Industry Comparison
This section compares Shihlin Electric & Engineering Corp's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $4,652,004,667
- Average return on equity (ROE) among peers: 16.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shihlin Electric & Engineering Corp (1503) | NT$37.16 Billion | 4.40% | 0.55x | $1.64 Billion |
| Allis Electric Co Ltd (1514) | $2.89 Billion | 7.47% | 0.97x | $721.68 Million |
| Fortune Electric Co Ltd (1519) | $3.07 Billion | 22.96% | 1.33x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $1.06 Billion | 4.03% | 0.77x | $95.39 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.92 Billion | 25.10% | 0.48x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.02 Billion | 8.63% | 0.64x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $9.01 Billion | 15.42% | 0.52x | $104.26 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $9.13 Billion | 9.31% | 1.76x | $714.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.82 Billion | 34.51% | 0.12x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $2.95 Billion | 17.78% | 0.52x | $96.72 Million |