Kian Shen Corp (1525) - Net Assets
Based on the latest financial reports, Kian Shen Corp (1525) has net assets worth NT$4.52 Billion TWD (≈ $142.46 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.33 Billion ≈ $167.97 Million USD) and total liabilities (NT$809.83 Million ≈ $25.51 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 1525 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.52 Billion |
| % of Total Assets | 84.81% |
| Annual Growth Rate | 7.98% |
| 5-Year Change | 15.41% |
| 10-Year Change | 47.33% |
| Growth Volatility | 4.93 |
Kian Shen Corp - Net Assets Trend (2002–2024)
This chart illustrates how Kian Shen Corp's net assets have evolved over time, based on quarterly financial data. See Kian Shen Corp (1525) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kian Shen Corp (2002–2024)
The table below shows the annual net assets of Kian Shen Corp from 2002 to 2024. For live valuation and market cap data, see 1525 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.99 Billion ≈ $157.22 Million |
+4.30% |
| 2023-12-31 | NT$4.78 Billion ≈ $150.73 Million |
+3.56% |
| 2022-12-31 | NT$4.62 Billion ≈ $145.55 Million |
+4.08% |
| 2021-12-31 | NT$4.44 Billion ≈ $139.85 Million |
+2.66% |
| 2020-12-31 | NT$4.32 Billion ≈ $136.23 Million |
+5.24% |
| 2019-12-31 | NT$4.11 Billion ≈ $129.45 Million |
-0.11% |
| 2018-12-31 | NT$4.11 Billion ≈ $129.59 Million |
+5.82% |
| 2017-12-31 | NT$3.89 Billion ≈ $122.46 Million |
+9.43% |
| 2016-12-31 | NT$3.55 Billion ≈ $111.91 Million |
+4.88% |
| 2015-12-31 | NT$3.39 Billion ≈ $106.71 Million |
+9.07% |
| 2014-12-31 | NT$3.11 Billion ≈ $97.83 Million |
+10.99% |
| 2013-12-31 | NT$2.80 Billion ≈ $88.14 Million |
+10.57% |
| 2012-12-31 | NT$2.53 Billion ≈ $79.72 Million |
+5.43% |
| 2011-12-31 | NT$2.40 Billion ≈ $75.62 Million |
+16.34% |
| 2010-12-31 | NT$2.06 Billion ≈ $65.00 Million |
+6.21% |
| 2009-12-31 | NT$1.94 Billion ≈ $61.19 Million |
+8.96% |
| 2008-12-31 | NT$1.78 Billion ≈ $56.16 Million |
+8.76% |
| 2007-12-31 | NT$1.64 Billion ≈ $51.64 Million |
+7.97% |
| 2006-12-31 | NT$1.52 Billion ≈ $47.83 Million |
+5.49% |
| 2005-12-31 | NT$1.44 Billion ≈ $45.34 Million |
+15.89% |
| 2004-12-31 | NT$1.24 Billion ≈ $39.12 Million |
+10.34% |
| 2003-12-31 | NT$1.13 Billion ≈ $35.46 Million |
+22.03% |
| 2002-12-31 | NT$922.23 Million ≈ $29.06 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Kian Shen 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 974.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.40 Billion | 68.08% |
| Other Components | NT$1.59 Billion | 31.92% |
| Total Equity | NT$4.99 Billion | 100.00% |
Kian Shen Corp Competitors by Market Cap
The table below lists competitors of Kian Shen Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Smith-Midland Corp
NASDAQ:SMID
|
$152.01 Million |
|
American Rare EARTHS Ltd
AU:ARR
|
$152.07 Million |
|
Seshasayee Paper and Boards Limited
NSE:SESHAPAPER
|
$152.07 Million |
|
Jeju Beer Co. Ltd.
KQ:276730
|
$152.10 Million |
|
Sahamitr Pressure Container Public Company Limited
BK:SMPC
|
$151.89 Million |
|
Garda Property Group
AU:GDF
|
$151.87 Million |
|
Centrum Medyczne ENEL-MED SA
WAR:ENE
|
$151.77 Million |
|
Amulaire Thermal Technology
TW:2241
|
$151.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kian Shen Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,784,316,000 to 4,990,102,000, a change of 205,786,000 (4.3%).
- Net income of 302,164,000 contributed positively to equity growth.
- Dividend payments of 242,220,000 reduced retained earnings.
- Other comprehensive income decreased equity by 593,225,000.
- Other factors increased equity by 739,067,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$302.16 Million | +6.06% |
| Dividends Paid | NT$242.22 Million | -4.85% |
| Other Comprehensive Income | NT$-593.23 Million | -11.89% |
| Other Changes | NT$739.07 Million | +14.81% |
| Total Change | NT$- | 4.30% |
Book Value vs Market Value Analysis
This analysis compares Kian Shen 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: 0.97x
- 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.
- The price-to-book ratio has decreased from 2.49x to 0.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$26.44 | NT$65.70 | x |
| 2010-12-31 | NT$28.05 | NT$65.70 | x |
| 2011-12-31 | NT$32.61 | NT$65.70 | x |
| 2012-12-31 | NT$34.35 | NT$65.70 | x |
| 2013-12-31 | NT$38.09 | NT$65.70 | x |
| 2014-12-31 | NT$42.26 | NT$65.70 | x |
| 2015-12-31 | NT$46.11 | NT$65.70 | x |
| 2016-12-31 | NT$48.36 | NT$65.70 | x |
| 2017-12-31 | NT$52.91 | NT$65.70 | x |
| 2018-12-31 | NT$55.97 | NT$65.70 | x |
| 2019-12-31 | NT$55.92 | NT$65.70 | x |
| 2020-12-31 | NT$58.86 | NT$65.70 | x |
| 2021-12-31 | NT$60.42 | NT$65.70 | x |
| 2022-12-31 | NT$62.90 | NT$65.70 | x |
| 2023-12-31 | NT$65.13 | NT$65.70 | x |
| 2024-12-31 | NT$67.98 | NT$65.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kian Shen 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): 6.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.72%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.17x
- Recent ROE (6.06%) is below the historical average (10.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 13.34% | 12.40% | 0.78x | 1.39x | NT$30.81 Million |
| 2003 | 13.52% | 13.96% | 0.66x | 1.47x | NT$39.66 Million |
| 2004 | 13.96% | 11.25% | 0.84x | 1.48x | NT$49.19 Million |
| 2006 | 8.32% | 9.15% | 0.63x | 1.44x | NT$-25.57 Million |
| 2007 | 6.74% | 9.00% | 0.55x | 1.37x | NT$-53.49 Million |
| 2008 | 6.19% | 11.68% | 0.43x | 1.24x | NT$-67.91 Million |
| 2009 | 11.54% | 24.15% | 0.38x | 1.24x | NT$29.83 Million |
| 2010 | 14.95% | 26.36% | 0.45x | 1.27x | NT$102.22 Million |
| 2011 | 12.81% | 23.42% | 0.44x | 1.25x | NT$67.36 Million |
| 2012 | 12.14% | 21.41% | 0.44x | 1.29x | NT$54.13 Million |
| 2013 | 10.63% | 24.25% | 0.36x | 1.23x | NT$17.67 Million |
| 2014 | 10.29% | 26.95% | 0.31x | 1.23x | NT$9.06 Million |
| 2015 | 12.91% | 36.39% | 0.29x | 1.24x | NT$98.51 Million |
| 2016 | 14.90% | 44.32% | 0.27x | 1.24x | NT$174.19 Million |
| 2017 | 13.91% | 46.24% | 0.24x | 1.23x | NT$151.88 Million |
| 2018 | 11.02% | 33.88% | 0.27x | 1.21x | NT$41.88 Million |
| 2019 | 7.06% | 23.34% | 0.25x | 1.23x | NT$-120.93 Million |
| 2020 | 7.49% | 30.77% | 0.20x | 1.22x | NT$-108.35 Million |
| 2021 | 6.91% | 24.05% | 0.24x | 1.20x | NT$-137.13 Million |
| 2022 | 5.84% | 17.98% | 0.27x | 1.21x | NT$-192.16 Million |
| 2023 | 8.44% | 25.26% | 0.28x | 1.20x | NT$-74.61 Million |
| 2024 | 6.06% | 20.72% | 0.25x | 1.17x | NT$-196.85 Million |
Industry Comparison
This section compares Kian Shen Corp's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,524,043,667
- Average return on equity (ROE) among peers: 3.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kian Shen Corp (1525) | NT$4.52 Billion | 13.34% | 0.18x | $151.93 Million |
| Tong Yang Industry Co Ltd (1319) | $20.15 Billion | 11.99% | 0.81x | $1.91 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $36.68 Million |
| Hiroca Holdings Ltd (1338) | $6.43 Billion | -2.56% | 0.75x | $43.76 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.36 Billion | 8.22% | 0.95x | $101.47 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | -1.14% | 1.23x | $98.90 Million |
| Jui Li Enterprise Co Ltd (1512) | $746.14 Million | -26.36% | 3.67x | $22.15 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.64 Billion | 16.99% | 0.73x | $63.76 Million |
| TYC Brother Industrial Co Ltd (1522) | $3.39 Billion | 8.39% | 1.26x | $309.10 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.08 Billion | 5.45% | 1.39x | $152.86 Million |
About Kian Shen Corp
Kian Shen Corporation manufactures and sells automobile body frames, stamping dies, and woodworking products in parts in Taiwan. The company operates in Manufacturing and Investment segments. The company offers truck/bus frames, stamping parts, electric scooter frames, rear body, dies and jigs, suspension components, and high tensile steel products. The company was founded in 1955 and is based in… Read more