Sesoda Corp
Sesoda Corporation manufactures and markets sulfate of potash (SOP) in Taiwan. The company offers standard, soluble, low chloride, granular, and industrial grade SOP products that are used for grapes, citrus, flowers, tobacco and anaerobic crops; and hydrochloric acid for use in the metallurgical, chemical, food, and pharmaceutical industries. It also provides liquid calcium chloride for use in f… Read more
Sesoda Corp (1708) - Net Assets
Latest net assets as of September 2025: NT$6.93 Billion TWD
Based on the latest financial reports, Sesoda Corp (1708) has net assets worth NT$6.93 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$12.67 Billion) and total liabilities (NT$5.74 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$6.93 Billion |
| % of Total Assets | 54.67% |
| Annual Growth Rate | 4.37% |
| 5-Year Change | 25.14% |
| 10-Year Change | 43.76% |
| Growth Volatility | 7.66 |
Sesoda Corp - Net Assets Trend (2000–2024)
This chart illustrates how Sesoda 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 Sesoda Corp (2000–2024)
The table below shows the annual net assets of Sesoda Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.25 Billion | +13.93% |
| 2023-12-31 | NT$6.37 Billion | -10.72% |
| 2022-12-31 | NT$7.13 Billion | +18.20% |
| 2021-12-31 | NT$6.03 Billion | +4.09% |
| 2020-12-31 | NT$5.80 Billion | -2.30% |
| 2019-12-31 | NT$5.93 Billion | +2.27% |
| 2018-12-31 | NT$5.80 Billion | +4.92% |
| 2017-12-31 | NT$5.53 Billion | +3.43% |
| 2016-12-31 | NT$5.35 Billion | +5.95% |
| 2015-12-31 | NT$5.05 Billion | +6.37% |
| 2014-12-31 | NT$4.74 Billion | +15.27% |
| 2013-12-31 | NT$4.11 Billion | +9.00% |
| 2012-12-31 | NT$3.77 Billion | +5.00% |
| 2011-12-31 | NT$3.60 Billion | +3.54% |
| 2010-12-31 | NT$3.47 Billion | -0.46% |
| 2009-12-31 | NT$3.49 Billion | +10.15% |
| 2008-12-31 | NT$3.17 Billion | +3.76% |
| 2007-12-31 | NT$3.05 Billion | -12.27% |
| 2006-12-31 | NT$3.48 Billion | +20.10% |
| 2005-12-31 | NT$2.90 Billion | +9.82% |
| 2004-12-31 | NT$2.64 Billion | -2.30% |
| 2003-12-31 | NT$2.70 Billion | +2.43% |
| 2002-12-31 | NT$2.64 Billion | -2.08% |
| 2001-12-31 | NT$2.69 Billion | +3.54% |
| 2000-12-31 | NT$2.60 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sesoda 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 1524.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.18 Billion | 43.86% |
| Common Stock | NT$2.49 Billion | 34.33% |
| Other Comprehensive Income | NT$1.53 Billion | 21.08% |
| Other Components | NT$52.71 Million | 0.73% |
| Total Equity | NT$7.25 Billion | 100.00% |
Sesoda Corp Competitors by Market Cap
The table below lists competitors of Sesoda Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Citic Press Corp
SHE:300788
|
$227.12 Million |
|
Sveafastigheter
ST:SVEAF
|
$227.13 Million |
|
Lotte Confectionery Co Ltd
KO:280360
|
$227.15 Million |
|
Chengdu Gas Group Co Ltd
SHG:603053
|
$227.21 Million |
|
American Integrity Insurance Group, Inc.
NYSE:AII
|
$227.08 Million |
|
Changsha Tongcheng Holdings Co Ltd
SHE:000419
|
$227.08 Million |
|
Lumibird SA
PA:LBIRD
|
$227.06 Million |
|
Odfjell B
OL:ODFB
|
$227.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sesoda Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,366,559,000 to 7,253,189,000, a change of 886,630,000 (13.9%).
- Net income of 974,570,000 contributed positively to equity growth.
- Dividend payments of 373,502,000 reduced retained earnings.
- Other comprehensive income increased equity by 316,786,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$974.57 Million | +13.44% |
| Dividends Paid | NT$373.50 Million | -5.15% |
| Other Comprehensive Income | NT$316.79 Million | +4.37% |
| Other Changes | NT$-31.22 Million | -0.43% |
| Total Change | NT$- | 13.93% |
Book Value vs Market Value Analysis
This analysis compares Sesoda 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: 1.52x
- 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 3.25x to 1.52x 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$13.52 | NT$44.00 | x |
| 2010-12-31 | NT$13.41 | NT$44.00 | x |
| 2011-12-31 | NT$13.84 | NT$44.00 | x |
| 2012-12-31 | NT$14.55 | NT$44.00 | x |
| 2013-12-31 | NT$15.90 | NT$44.00 | x |
| 2014-12-31 | NT$18.51 | NT$44.00 | x |
| 2015-12-31 | NT$19.62 | NT$44.00 | x |
| 2016-12-31 | NT$21.30 | NT$44.00 | x |
| 2017-12-31 | NT$22.05 | NT$44.00 | x |
| 2018-12-31 | NT$23.18 | NT$44.00 | x |
| 2019-12-31 | NT$23.74 | NT$44.00 | x |
| 2020-12-31 | NT$23.22 | NT$44.00 | x |
| 2021-12-31 | NT$24.11 | NT$44.00 | x |
| 2022-12-31 | NT$28.32 | NT$44.00 | x |
| 2023-12-31 | NT$25.57 | NT$44.00 | x |
| 2024-12-31 | NT$28.89 | NT$44.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sesoda Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.44%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.31%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.89x
- Recent ROE (13.44%) is above the historical average (9.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 1.15% | 2.06% | 0.37x | 1.52x | NT$-233.25 Million |
| 2003 | 3.96% | 7.73% | 0.34x | 1.49x | NT$-163.12 Million |
| 2004 | 3.13% | 5.67% | 0.38x | 1.47x | NT$-181.12 Million |
| 2005 | 5.92% | 9.30% | 0.47x | 1.37x | NT$-115.63 Million |
| 2006 | 11.75% | 16.77% | 0.51x | 1.38x | NT$59.50 Million |
| 2007 | 14.24% | 16.39% | 0.58x | 1.51x | NT$125.55 Million |
| 2008 | 18.20% | 15.85% | 0.75x | 1.53x | NT$251.35 Million |
| 2009 | 7.25% | 9.15% | 0.54x | 1.46x | NT$-93.14 Million |
| 2010 | 12.43% | 12.57% | 0.48x | 2.05x | NT$81.43 Million |
| 2011 | 14.22% | 14.20% | 0.51x | 1.95x | NT$146.29 Million |
| 2012 | 12.46% | 11.41% | 0.57x | 1.91x | NT$89.75 Million |
| 2013 | 10.90% | 10.72% | 0.53x | 1.91x | NT$35.77 Million |
| 2014 | 14.00% | 15.51% | 0.48x | 1.86x | NT$185.80 Million |
| 2015 | 9.21% | 9.85% | 0.51x | 1.83x | NT$-38.87 Million |
| 2016 | 10.72% | 13.90% | 0.43x | 1.79x | NT$38.25 Million |
| 2017 | 8.89% | 12.66% | 0.36x | 1.93x | NT$-61.37 Million |
| 2018 | 6.05% | 8.63% | 0.33x | 2.10x | NT$-228.87 Million |
| 2019 | 4.63% | 6.32% | 0.35x | 2.12x | NT$-318.58 Million |
| 2020 | 3.00% | 4.32% | 0.34x | 2.05x | NT$-405.48 Million |
| 2021 | 11.12% | 13.99% | 0.40x | 2.01x | NT$67.56 Million |
| 2022 | 16.89% | 15.01% | 0.58x | 1.94x | NT$491.29 Million |
| 2023 | -0.45% | -0.48% | 0.45x | 2.05x | NT$-665.11 Million |
| 2024 | 13.44% | 15.31% | 0.46x | 1.89x | NT$249.25 Million |
Industry Comparison
This section compares Sesoda Corp's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $51,947,539,667
- Average return on equity (ROE) among peers: 7.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sesoda Corp (1708) | NT$6.93 Billion | 1.15% | 0.83x | $227.10 Million |
| Taiwan Styrene Monomer Corp (1310) | $6.66 Billion | 16.30% | 0.70x | $136.89 Million |
| Grand Pacific Petrochemical Corp (1312) | $16.25 Billion | 10.72% | 0.47x | $358.21 Million |
| UPC Technology Corp (1313) | $29.90 Billion | 7.18% | 0.80x | $263.35 Million |
| Formosa Chemicals & Fibre Corp (1326) | $379.64 Billion | 11.55% | 0.43x | $4.35 Billion |
| Formosan Union Chemical Corp (1709) | $3.40 Billion | 0.00% | 0.29x | $154.81 Million |
| Oriental Union Chemical Corp (1710) | $17.82 Billion | -0.67% | 1.14x | $286.20 Million |
| Ho Tung Chemical Corp (1714) | $11.87 Billion | 10.01% | 1.26x | $202.24 Million |
| Sunko Ink Co Ltd (1721) | $595.83 Million | 0.00% | 0.86x | $64.82 Million |
| Chung Hwa Chemical Industrial Works Ltd (1727) | $1.39 Billion | 7.97% | 0.59x | $105.88 Million |