Jung Shing Wire Co Ltd (1617) - Net Assets
Based on the latest financial reports, Jung Shing Wire Co Ltd (1617) has net assets worth NT$2.08 Billion TWD (≈ $65.62 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$3.39 Billion ≈ $106.85 Million USD) and total liabilities (NT$1.31 Billion ≈ $41.23 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 Jung Shing Wire Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.08 Billion |
| % of Total Assets | 61.41% |
| Annual Growth Rate | 1.61% |
| 5-Year Change | 29.39% |
| 10-Year Change | 43.41% |
| Growth Volatility | 6.08 |
Jung Shing Wire Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Jung Shing Wire Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Jung Shing Wire Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Jung Shing Wire Co Ltd (2002–2024)
The table below shows the annual net assets of Jung Shing Wire Co Ltd from 2002 to 2024. For live valuation and market cap data, see market value of Jung Shing Wire Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.33 Billion ≈ $73.26 Million |
+13.30% |
| 2023-12-31 | NT$2.05 Billion ≈ $64.66 Million |
-3.56% |
| 2022-12-31 | NT$2.13 Billion ≈ $67.05 Million |
+9.82% |
| 2021-12-31 | NT$1.94 Billion ≈ $61.05 Million |
+7.83% |
| 2020-12-31 | NT$1.80 Billion ≈ $56.62 Million |
+6.91% |
| 2019-12-31 | NT$1.68 Billion ≈ $52.96 Million |
-5.34% |
| 2018-12-31 | NT$1.78 Billion ≈ $55.95 Million |
+7.08% |
| 2017-12-31 | NT$1.66 Billion ≈ $52.25 Million |
+4.84% |
| 2016-12-31 | NT$1.58 Billion ≈ $49.83 Million |
-2.45% |
| 2015-12-31 | NT$1.62 Billion ≈ $51.08 Million |
-2.64% |
| 2014-12-31 | NT$1.67 Billion ≈ $52.47 Million |
+4.73% |
| 2013-12-31 | NT$1.59 Billion ≈ $50.10 Million |
+3.03% |
| 2012-12-31 | NT$1.54 Billion ≈ $48.63 Million |
-4.49% |
| 2011-12-31 | NT$1.62 Billion ≈ $50.91 Million |
+6.50% |
| 2010-12-31 | NT$1.52 Billion ≈ $47.81 Million |
+8.46% |
| 2009-12-31 | NT$1.40 Billion ≈ $44.08 Million |
-7.48% |
| 2008-12-31 | NT$1.51 Billion ≈ $47.64 Million |
-10.17% |
| 2007-12-31 | NT$1.68 Billion ≈ $53.04 Million |
+1.08% |
| 2006-12-31 | NT$1.67 Billion ≈ $52.47 Million |
+3.12% |
| 2005-12-31 | NT$1.61 Billion ≈ $50.88 Million |
+1.02% |
| 2004-12-31 | NT$1.60 Billion ≈ $50.36 Million |
+3.09% |
| 2003-12-31 | NT$1.55 Billion ≈ $48.86 Million |
-5.32% |
| 2002-12-31 | NT$1.64 Billion ≈ $51.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jung Shing Wire 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 decreased by 28.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$207.89 Million | 8.99% |
| Common Stock | NT$1.70 Billion | 73.27% |
| Other Comprehensive Income | NT$162.17 Million | 7.01% |
| Other Components | NT$248.32 Million | 10.73% |
| Total Equity | NT$2.31 Billion | 100.00% |
Jung Shing Wire Co Ltd Competitors by Market Cap
The table below lists competitors of Jung Shing Wire Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Melrose Industries PLC
LSE:MRO
|
$74.58 Million |
|
Gold Terra Resource Corp
V:YGT
|
$74.61 Million |
|
Kron Telekomunikasyon Hizmetleri AS
IS:KRONT
|
$74.63 Million |
|
SRV Group plc
HE:SRV1V
|
$74.64 Million |
|
Gabriel Holding
CO:GABR
|
$74.52 Million |
|
Kingdom Holdings Limited
F:K7A
|
$74.45 Million |
|
SuNam Co. Ltd
KQ:294630
|
$74.45 Million |
|
CoAsia Corporation
KQ:045970
|
$74.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jung Shing Wire Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,041,044,000 to 2,313,521,000, a change of 272,477,000 (13.3%).
- Net income of 89,740,000 contributed positively to equity growth.
- Dividend payments of 47,339,000 reduced retained earnings.
- Other comprehensive income increased equity by 297,990,000.
- Other factors decreased equity by 67,914,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$89.74 Million | +3.88% |
| Dividends Paid | NT$47.34 Million | -2.05% |
| Other Comprehensive Income | NT$297.99 Million | +12.88% |
| Other Changes | NT$-67.91 Million | -2.94% |
| Total Change | NT$- | 13.35% |
Book Value vs Market Value Analysis
This analysis compares Jung Shing Wire 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: 1.09x
- 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 1.30x to 1.09x 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$11.51 | NT$15.00 | x |
| 2010-12-31 | NT$11.45 | NT$15.00 | x |
| 2011-12-31 | NT$11.46 | NT$15.00 | x |
| 2012-12-31 | NT$10.00 | NT$15.00 | x |
| 2013-12-31 | NT$10.86 | NT$15.00 | x |
| 2014-12-31 | NT$11.38 | NT$15.00 | x |
| 2015-12-31 | NT$11.13 | NT$15.00 | x |
| 2016-12-31 | NT$10.91 | NT$15.00 | x |
| 2017-12-31 | NT$11.43 | NT$15.00 | x |
| 2018-12-31 | NT$12.16 | NT$15.00 | x |
| 2019-12-31 | NT$11.51 | NT$15.00 | x |
| 2020-12-31 | NT$12.19 | NT$15.00 | x |
| 2021-12-31 | NT$13.04 | NT$15.00 | x |
| 2022-12-31 | NT$13.83 | NT$15.00 | x |
| 2023-12-31 | NT$12.04 | NT$15.00 | x |
| 2024-12-31 | NT$13.70 | NT$15.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jung Shing Wire 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): 3.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.64%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.61x
- Recent ROE (3.88%) is above the historical average (3.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 11.45% | 5.84% | 1.10x | 1.77x | NT$23.72 Million |
| 2003 | 2.63% | 1.19% | 1.13x | 1.96x | NT$-114.36 Million |
| 2004 | 4.46% | 1.47% | 1.45x | 2.09x | NT$-88.58 Million |
| 2006 | 5.69% | 1.19% | 1.73x | 2.76x | NT$-69.47 Million |
| 2007 | 2.09% | 0.44% | 1.86x | 2.56x | NT$-130.23 Million |
| 2009 | -5.57% | -2.26% | 1.09x | 2.27x | NT$-214.20 Million |
| 2010 | 6.72% | 1.77% | 1.51x | 2.50x | NT$-48.90 Million |
| 2011 | -4.78% | -1.47% | 1.42x | 2.29x | NT$-238.15 Million |
| 2012 | -5.85% | -2.07% | 1.27x | 2.23x | NT$-243.73 Million |
| 2013 | 1.06% | 0.44% | 1.17x | 2.06x | NT$-141.64 Million |
| 2014 | 2.85% | 1.31% | 1.11x | 1.96x | NT$-118.73 Million |
| 2015 | 3.44% | 1.92% | 0.93x | 1.93x | NT$-106.39 Million |
| 2016 | 5.47% | 3.22% | 0.88x | 1.93x | NT$-71.61 Million |
| 2017 | 6.99% | 3.46% | 0.97x | 2.08x | NT$-49.96 Million |
| 2018 | 12.20% | 5.99% | 1.16x | 1.76x | NT$39.11 Million |
| 2019 | 5.30% | 3.06% | 1.07x | 1.62x | NT$-79.06 Million |
| 2020 | 8.24% | 4.91% | 0.98x | 1.71x | NT$-31.28 Million |
| 2021 | 11.01% | 4.54% | 1.28x | 1.90x | NT$19.32 Million |
| 2022 | 2.40% | 1.41% | 1.09x | 1.57x | NT$-159.92 Million |
| 2023 | 0.72% | 0.52% | 0.87x | 1.59x | NT$-189.42 Million |
| 2024 | 3.88% | 2.64% | 0.91x | 1.61x | NT$-141.61 Million |
Industry Comparison
This section compares Jung Shing Wire Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $6,044,751,000
- Average return on equity (ROE) among peers: 5.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jung Shing Wire Co Ltd (1617) | NT$2.08 Billion | 11.45% | 0.63x | $74.57 Million |
| Shihlin Electric & Engineering Corp (1503) | $27.04 Billion | 6.68% | 0.67x | $3.11 Billion |
| Allis Electric Co Ltd (1514) | $3.10 Billion | 9.53% | 0.87x | $920.17 Million |
| Fortune Electric Co Ltd (1519) | $2.22 Billion | 3.49% | 0.85x | $8.84 Billion |
| Klingon Aerospace Inc (1529) | $1.72 Billion | 2.62% | 0.74x | $106.03 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $2.16 Billion | 14.61% | 0.45x | $318.00 Million |
| Chieftek Precision Co Ltd (1597) | $1.33 Billion | 5.33% | 1.05x | $394.51 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $8.36 Billion | 5.26% | 0.53x | $437.03 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $8.10 Billion | 5.82% | 1.52x | $794.28 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $4.96 Billion | 1.46% | 0.15x | $355.01 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.46 Billion | 0.92% | 0.49x | $283.16 Million |
About Jung Shing Wire Co Ltd
Jung Shing Wire Co., Ltd. engages in the manufacture and sale of magnet wires in Taiwan, Mainland China, Japan, the Philippines, and internationally. The company offers general magnet wires for motors, transformers, generators, telecommunication, automobile, auto-controlling equipment, home appliance, electronic apparatus, aerospace industry, etc.; heat-resistant magnet wires heat-resistant coils… Read more