Namchow Chemical Industrial Co Ltd
Namchow Holdings Co., Ltd., together with its subsidiaries, manufactures, processes, and sells edible and non-edible oil, frozen dough, and dish and laundry liquid detergent products in Taiwan, China, and Thailand. The company operates through Edible and Non-Edible Oil Products; Detergent Products; Frozen Dough; Ice Cream Products; Foods; Catering; and Management, Rental Revenue and Others segmen… Read more
Namchow Chemical Industrial Co Ltd (1702) - Net Assets
Latest net assets as of September 2025: NT$13.58 Billion TWD
Based on the latest financial reports, Namchow Chemical Industrial Co Ltd (1702) has net assets worth NT$13.58 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$31.80 Billion) and total liabilities (NT$18.22 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$13.58 Billion |
| % of Total Assets | 42.7% |
| Annual Growth Rate | 8.98% |
| 5-Year Change | 113.35% |
| 10-Year Change | 162.92% |
| Growth Volatility | 17.48 |
Namchow Chemical Industrial Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Namchow Chemical Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Namchow Chemical Industrial Co Ltd (2002–2024)
The table below shows the annual net assets of Namchow Chemical Industrial Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$14.84 Billion | +18.33% |
| 2023-12-31 | NT$12.54 Billion | +1.30% |
| 2022-12-31 | NT$12.38 Billion | +4.60% |
| 2021-12-31 | NT$11.84 Billion | +70.17% |
| 2020-12-31 | NT$6.96 Billion | +8.34% |
| 2019-12-31 | NT$6.42 Billion | +1.97% |
| 2018-12-31 | NT$6.30 Billion | +5.54% |
| 2017-12-31 | NT$5.97 Billion | +6.10% |
| 2016-12-31 | NT$5.62 Billion | -0.38% |
| 2015-12-31 | NT$5.64 Billion | +7.45% |
| 2014-12-31 | NT$5.25 Billion | +13.50% |
| 2013-12-31 | NT$4.63 Billion | +13.04% |
| 2012-12-31 | NT$4.09 Billion | +2.37% |
| 2011-12-31 | NT$4.00 Billion | +7.09% |
| 2010-12-31 | NT$3.73 Billion | +14.70% |
| 2009-12-31 | NT$3.26 Billion | +17.07% |
| 2008-12-31 | NT$2.78 Billion | +6.60% |
| 2007-12-31 | NT$2.61 Billion | -25.90% |
| 2006-12-31 | NT$3.52 Billion | +4.58% |
| 2005-12-31 | NT$3.37 Billion | +42.03% |
| 2004-12-31 | NT$2.37 Billion | -3.89% |
| 2003-12-31 | NT$2.47 Billion | +10.30% |
| 2002-12-31 | NT$2.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Namchow Chemical Industrial 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 3468.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.00 Billion | 16.93% |
| Common Stock | NT$2.94 Billion | 24.93% |
| Other Comprehensive Income | NT$2.60 Billion | 22.06% |
| Other Components | NT$4.26 Billion | 36.08% |
| Total Equity | NT$11.80 Billion | 100.00% |
Namchow Chemical Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Namchow Chemical Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Salmones Camanchaca S.A
SN:SALMOCAM
|
$107.26 Million |
|
RADIANCE HLDGS GRP.HD-01
F:RDH
|
$107.29 Million |
|
Gesco AG
XETRA:GSC1
|
$107.39 Million |
|
Yung Chi Paint & Varnish Mfg Co Ltd
TW:1726
|
$107.45 Million |
|
Tavia Acquisition Corp. Unit
NASDAQ:TAVIU
|
$107.18 Million |
|
Bionet
TWO:1784
|
$107.18 Million |
|
LIMES SCHLOSSKLINIK. O.N.
F:LIK
|
$107.14 Million |
|
Kuvva Gida Ticaret ve Sanayi Yatirimlari A.S.
IS:KUVVA
|
$107.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Namchow Chemical Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,827,363,000 to 11,796,469,000, a change of 1,969,106,000 (20.0%).
- Net income of 1,010,029,000 contributed positively to equity growth.
- Dividend payments of 659,840,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,526,726,000.
- Other factors decreased equity by 1,907,809,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.01 Billion | +8.56% |
| Dividends Paid | NT$659.84 Million | -5.59% |
| Other Comprehensive Income | NT$3.53 Billion | +29.9% |
| Other Changes | NT$-1.91 Billion | -16.17% |
| Total Change | NT$- | 20.04% |
Book Value vs Market Value Analysis
This analysis compares Namchow Chemical Industrial 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: 0.76x
- 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 3.26x to 0.76x 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$11.09 | NT$36.15 | x |
| 2007-12-31 | NT$9.96 | NT$36.15 | x |
| 2008-12-31 | NT$10.24 | NT$36.15 | x |
| 2009-12-31 | NT$11.74 | NT$36.15 | x |
| 2010-12-31 | NT$14.73 | NT$36.15 | x |
| 2011-12-31 | NT$15.45 | NT$36.15 | x |
| 2012-12-31 | NT$15.89 | NT$36.15 | x |
| 2013-12-31 | NT$17.99 | NT$36.15 | x |
| 2014-12-31 | NT$20.46 | NT$36.15 | x |
| 2015-12-31 | NT$22.14 | NT$36.15 | x |
| 2016-12-31 | NT$22.43 | NT$36.15 | x |
| 2017-12-31 | NT$23.05 | NT$36.15 | x |
| 2018-12-31 | NT$24.25 | NT$36.15 | x |
| 2019-12-31 | NT$24.64 | NT$36.15 | x |
| 2020-12-31 | NT$26.69 | NT$36.15 | x |
| 2021-12-31 | NT$36.66 | NT$36.15 | x |
| 2022-12-31 | NT$38.15 | NT$36.15 | x |
| 2023-12-31 | NT$39.57 | NT$36.15 | x |
| 2024-12-31 | NT$47.50 | NT$36.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Namchow Chemical Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.25%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.79x
- Recent ROE (8.56%) is below the historical average (10.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 2.50% | 1.30% | 0.57x | 3.35x | NT$-167.65 Million |
| 2003 | 6.53% | 3.79% | 0.58x | 2.99x | NT$-85.68 Million |
| 2004 | 5.70% | 2.63% | 0.60x | 3.61x | NT$-102.01 Million |
| 2006 | -5.25% | -2.55% | 0.60x | 3.41x | NT$-411.03 Million |
| 2007 | 0.83% | 0.31% | 0.72x | 3.75x | NT$-221.84 Million |
| 2008 | 0.48% | 0.15% | 0.86x | 3.65x | NT$-236.82 Million |
| 2009 | 13.16% | 4.69% | 0.92x | 3.04x | NT$90.03 Million |
| 2010 | 14.40% | 5.41% | 1.01x | 2.64x | NT$158.33 Million |
| 2011 | 9.08% | 3.16% | 0.94x | 3.04x | NT$-35.37 Million |
| 2012 | 11.31% | 3.70% | 1.05x | 2.92x | NT$51.74 Million |
| 2013 | 19.12% | 6.36% | 1.01x | 2.97x | NT$407.54 Million |
| 2014 | 18.67% | 6.40% | 0.88x | 3.33x | NT$440.55 Million |
| 2015 | 20.23% | 7.19% | 0.84x | 3.35x | NT$562.87 Million |
| 2016 | 21.65% | 7.40% | 0.88x | 3.34x | NT$648.69 Million |
| 2017 | 17.36% | 5.78% | 0.76x | 3.93x | NT$420.88 Million |
| 2018 | 16.86% | 5.54% | 0.83x | 3.68x | NT$412.15 Million |
| 2019 | 15.80% | 5.26% | 0.77x | 3.91x | NT$354.00 Million |
| 2020 | 14.36% | 5.40% | 0.70x | 3.83x | NT$288.74 Million |
| 2021 | 11.76% | 5.39% | 0.68x | 3.23x | NT$160.47 Million |
| 2022 | 5.91% | 2.73% | 0.67x | 3.22x | NT$-387.60 Million |
| 2023 | 10.60% | 4.59% | 0.75x | 3.08x | NT$59.08 Million |
| 2024 | 8.56% | 4.25% | 0.72x | 2.79x | NT$-169.62 Million |
Industry Comparison
This section compares Namchow Chemical Industrial Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $17,559,023,800
- Average return on equity (ROE) among peers: 8.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Namchow Chemical Industrial Co Ltd (1702) | NT$13.58 Billion | 2.50% | 1.34x | $107.23 Million |
| Wei Chuan Foods Corp (1201) | $5.55 Billion | 12.34% | 1.69x | $125.16 Million |
| Ve Wong Corp (1203) | $6.25 Billion | 7.16% | 0.53x | $76.18 Million |
| Great Wall Enterprise Co Ltd (1210) | $7.57 Billion | 10.72% | 1.28x | $893.11 Million |
| Charoen Pokphand Enterprise Taiwan Co Ltd (1215) | $5.36 Billion | 14.61% | 0.75x | $839.68 Million |
| Uni-President Enterprises Corp (1216) | $130.79 Billion | 9.49% | 1.59x | $10.01 Billion |
| AGV Products Corp (1217) | $6.27 Billion | 0.76% | 1.01x | $116.99 Million |
| Taisun Enterprise Co Ltd (1218) | $3.67 Billion | 6.42% | 1.09x | $108.34 Million |
| Fwusow Industry Co Ltd (1219) | $3.96 Billion | 5.13% | 1.26x | $99.99 Million |
| Tai Roun Products Co Ltd (1220) | $2.53 Billion | 5.26% | 0.26x | $37.61 Million |
| Formosa Oilseed Processing Co Ltd (1225) | $3.65 Billion | 9.29% | 1.12x | $49.69 Million |