Kaulin Mfg
Kaulin Mfg. Co., Ltd. develops, manufactures, and sells industrial sewing machines in Taiwan and internationally. The company offers overlock; interlock; mulit-needle double chainstich; lockstitch; electric button holing machine; button sewing/bar-tracking; 4-needle-6-thread-flatseamer; and other machines, as well as automatic sewing machines. Its machines are used in various products, such as kn… Read more
Kaulin Mfg (1531) - Net Assets
Latest net assets as of September 2025: NT$3.52 Billion TWD
Based on the latest financial reports, Kaulin Mfg (1531) has net assets worth NT$3.52 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$4.29 Billion) and total liabilities (NT$774.39 Million). 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$3.52 Billion |
| % of Total Assets | 81.96% |
| Annual Growth Rate | 2.11% |
| 5-Year Change | 5.38% |
| 10-Year Change | -8.84% |
| Growth Volatility | 8.26 |
Kaulin Mfg - Net Assets Trend (2000–2024)
This chart illustrates how Kaulin Mfg's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kaulin Mfg (2000–2024)
The table below shows the annual net assets of Kaulin Mfg from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.73 Billion | +3.99% |
| 2023-12-31 | NT$3.59 Billion | -4.14% |
| 2022-12-31 | NT$3.74 Billion | +2.60% |
| 2021-12-31 | NT$3.65 Billion | +3.03% |
| 2020-12-31 | NT$3.54 Billion | -2.79% |
| 2019-12-31 | NT$3.64 Billion | -3.60% |
| 2018-12-31 | NT$3.78 Billion | -1.98% |
| 2017-12-31 | NT$3.85 Billion | +1.02% |
| 2016-12-31 | NT$3.82 Billion | -6.77% |
| 2015-12-31 | NT$4.09 Billion | -3.04% |
| 2014-12-31 | NT$4.22 Billion | +0.15% |
| 2013-12-31 | NT$4.21 Billion | -8.32% |
| 2012-12-31 | NT$4.60 Billion | -7.83% |
| 2011-12-31 | NT$4.99 Billion | +9.91% |
| 2010-12-31 | NT$4.54 Billion | +6.14% |
| 2009-12-31 | NT$4.28 Billion | -2.98% |
| 2008-12-31 | NT$4.41 Billion | -0.44% |
| 2007-12-31 | NT$4.43 Billion | +7.59% |
| 2006-12-31 | NT$4.11 Billion | +12.88% |
| 2005-12-31 | NT$3.64 Billion | +32.02% |
| 2004-12-31 | NT$2.76 Billion | +3.49% |
| 2003-12-31 | NT$2.67 Billion | +6.60% |
| 2002-12-31 | NT$2.50 Billion | +7.90% |
| 2001-12-31 | NT$2.32 Billion | +2.73% |
| 2000-12-31 | NT$2.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kaulin Mfg'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 29.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$876.33 Million | 23.49% |
| Other Components | NT$2.85 Billion | 76.51% |
| Total Equity | NT$3.73 Billion | 100.00% |
Kaulin Mfg Competitors by Market Cap
The table below lists competitors of Kaulin Mfg ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sandon Capital Investments Ltd
AU:SNC
|
$39.05 Million |
|
FineMat Applied Materials Co Ltd
TW:6698
|
$39.06 Million |
|
CFSB Bancorp Inc
NASDAQ:CFSB
|
$39.07 Million |
|
Sangsangin Co. Ltd
KQ:038540
|
$39.08 Million |
|
Pharos Energy plc
PINK:SOCLF
|
$39.04 Million |
|
Supreme Infrastructure India Limited
NSE:SUPREMEINF
|
$39.03 Million |
|
China Crystal New Material
KQ:900250
|
$39.03 Million |
|
PREMIA REAL ESTATE EO 05
F:3FDA
|
$39.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kaulin Mfg's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,587,351,000 to 3,730,406,000, a change of 143,055,000 (4.0%).
- Net income of 85,679,000 contributed positively to equity growth.
- Dividend payments of 36,422,000 reduced retained earnings.
- New share issuances of 193,000 increased equity.
- Other comprehensive income decreased equity by 766,115,000.
- Other factors increased equity by 859,720,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$85.68 Million | +2.3% |
| Dividends Paid | NT$36.42 Million | -0.98% |
| Share Issuances | NT$193.00K | +0.01% |
| Other Comprehensive Income | NT$-766.12 Million | -20.54% |
| Other Changes | NT$859.72 Million | +23.05% |
| Total Change | NT$- | 3.99% |
Book Value vs Market Value Analysis
This analysis compares Kaulin Mfg'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: 0.62x
- 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$20.15 | NT$12.80 | x |
| 2010-12-31 | NT$21.21 | NT$12.80 | x |
| 2011-12-31 | NT$23.03 | NT$12.80 | x |
| 2012-12-31 | NT$21.64 | NT$12.80 | x |
| 2013-12-31 | NT$21.71 | NT$12.80 | x |
| 2014-12-31 | NT$21.85 | NT$12.80 | x |
| 2015-12-31 | NT$22.04 | NT$12.80 | x |
| 2016-12-31 | NT$20.58 | NT$12.80 | x |
| 2017-12-31 | NT$20.79 | NT$12.80 | x |
| 2018-12-31 | NT$20.37 | NT$12.80 | x |
| 2019-12-31 | NT$19.65 | NT$12.80 | x |
| 2020-12-31 | NT$19.22 | NT$12.80 | x |
| 2021-12-31 | NT$19.93 | NT$12.80 | x |
| 2022-12-31 | NT$20.47 | NT$12.80 | x |
| 2023-12-31 | NT$19.67 | NT$12.80 | x |
| 2024-12-31 | NT$20.48 | NT$12.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kaulin Mfg 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): 2.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.23%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.17x
- Recent ROE (2.30%) is below the historical average (7.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 16.21% | 11.35% | 1.06x | 1.35x | NT$140.25 Million |
| 2001 | 10.98% | 10.37% | 0.87x | 1.22x | NT$22.81 Million |
| 2002 | 14.50% | 10.98% | 0.83x | 1.60x | NT$112.56 Million |
| 2003 | 22.95% | 16.07% | 0.92x | 1.56x | NT$345.45 Million |
| 2004 | 13.69% | 9.49% | 0.95x | 1.51x | NT$101.98 Million |
| 2005 | 14.88% | 10.75% | 0.86x | 1.61x | NT$150.18 Million |
| 2006 | 12.25% | 10.24% | 0.73x | 1.64x | NT$77.72 Million |
| 2007 | 13.63% | 10.38% | 0.66x | 1.99x | NT$132.40 Million |
| 2008 | 6.41% | 6.78% | 0.62x | 1.52x | NT$-143.53 Million |
| 2009 | 2.56% | 4.31% | 0.42x | 1.40x | NT$-290.06 Million |
| 2010 | 12.60% | 12.30% | 0.67x | 1.53x | NT$107.01 Million |
| 2011 | 11.72% | 12.35% | 0.65x | 1.46x | NT$76.86 Million |
| 2012 | 7.76% | 12.01% | 0.46x | 1.41x | NT$-94.07 Million |
| 2013 | 6.73% | 9.39% | 0.52x | 1.37x | NT$-137.99 Million |
| 2014 | 4.79% | 7.27% | 0.51x | 1.30x | NT$-220.01 Million |
| 2015 | 3.55% | 5.72% | 0.46x | 1.34x | NT$-263.94 Million |
| 2016 | 2.86% | 4.59% | 0.50x | 1.24x | NT$-272.37 Million |
| 2017 | 4.07% | 6.96% | 0.48x | 1.23x | NT$-228.48 Million |
| 2018 | 3.32% | 4.71% | 0.57x | 1.24x | NT$-252.36 Million |
| 2019 | 0.82% | 1.37% | 0.50x | 1.20x | NT$-334.46 Million |
| 2020 | -1.56% | -3.42% | 0.36x | 1.25x | NT$-409.10 Million |
| 2021 | 4.70% | 5.82% | 0.60x | 1.34x | NT$-193.29 Million |
| 2022 | 4.98% | 7.55% | 0.54x | 1.23x | NT$-187.77 Million |
| 2023 | 0.39% | 0.99% | 0.34x | 1.16x | NT$-344.71 Million |
| 2024 | 2.30% | 5.23% | 0.37x | 1.17x | NT$-287.36 Million |
Industry Comparison
This section compares Kaulin Mfg's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $14,525,573,889
- Average return on equity (ROE) among peers: 12.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kaulin Mfg (1531) | NT$3.52 Billion | 16.21% | 0.22x | $39.04 Million |
| TECO Electric & Machinery Co Ltd (1504) | $61.70 Billion | 5.22% | 0.61x | $3.79 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $19.24 Billion | 18.82% | 1.56x | $1.96 Billion |
| Anderson Industrial Corp (1528) | $2.30 Billion | -6.77% | 1.31x | $87.63 Million |
| Awea Mechantronic Co Ltd (1530) | $3.16 Billion | 4.15% | 0.97x | $20.63 Million |
| Chiu Ting Machinery Co Ltd (1539) | $990.48 Million | 22.54% | 1.99x | $14.13 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.20 Billion | 23.81% | 0.57x | $45.90 Million |
| Sinmag Equipment (1580) | $2.98 Billion | 20.23% | 0.34x | $131.61 Million |
| Goodway Machine Corp (1583) | $4.00 Billion | 10.09% | 1.15x | $28.04 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $3.89 Billion |