Sesoda Corp (1708) - Net Assets
Based on the latest financial reports, Sesoda Corp (1708) has net assets worth NT$7.40 Billion TWD (≈ $233.24 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$12.75 Billion ≈ $401.81 Million USD) and total liabilities (NT$5.35 Billion ≈ $168.57 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 how tangible is Sesoda Corp's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$7.40 Billion |
| % of Total Assets | 58.05% |
| Annual Growth Rate | 4.26% |
| 5-Year Change | 22.37% |
| 10-Year Change | 38.11% |
| Growth Volatility | 7.53 |
Sesoda Corp - Net Assets Trend (2000–2025)
This chart illustrates how Sesoda Corp's net assets have evolved over time, based on quarterly financial data. See Sesoda Corp (1708) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sesoda Corp (2000–2025)
The table below shows the annual net assets of Sesoda Corp from 2000 to 2025. For live valuation and market cap data, see 1708 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$7.38 Billion ≈ $232.59 Million |
+1.78% |
| 2024-12-31 | NT$7.25 Billion ≈ $228.52 Million |
+13.93% |
| 2023-12-31 | NT$6.37 Billion ≈ $200.58 Million |
-10.72% |
| 2022-12-31 | NT$7.13 Billion ≈ $224.67 Million |
+18.20% |
| 2021-12-31 | NT$6.03 Billion ≈ $190.08 Million |
+4.09% |
| 2020-12-31 | NT$5.80 Billion ≈ $182.61 Million |
-2.30% |
| 2019-12-31 | NT$5.93 Billion ≈ $186.90 Million |
+2.27% |
| 2018-12-31 | NT$5.80 Billion ≈ $182.75 Million |
+4.92% |
| 2017-12-31 | NT$5.53 Billion ≈ $174.19 Million |
+3.43% |
| 2016-12-31 | NT$5.35 Billion ≈ $168.41 Million |
+5.95% |
| 2015-12-31 | NT$5.05 Billion ≈ $158.95 Million |
+6.37% |
| 2014-12-31 | NT$4.74 Billion ≈ $149.44 Million |
+15.27% |
| 2013-12-31 | NT$4.11 Billion ≈ $129.64 Million |
+9.00% |
| 2012-12-31 | NT$3.77 Billion ≈ $118.93 Million |
+5.00% |
| 2011-12-31 | NT$3.60 Billion ≈ $113.26 Million |
+3.54% |
| 2010-12-31 | NT$3.47 Billion ≈ $109.39 Million |
-0.46% |
| 2009-12-31 | NT$3.49 Billion ≈ $109.90 Million |
+10.15% |
| 2008-12-31 | NT$3.17 Billion ≈ $99.77 Million |
+3.76% |
| 2007-12-31 | NT$3.05 Billion ≈ $96.16 Million |
-12.27% |
| 2006-12-31 | NT$3.48 Billion ≈ $109.61 Million |
+20.10% |
| 2005-12-31 | NT$2.90 Billion ≈ $91.26 Million |
+9.82% |
| 2004-12-31 | NT$2.64 Billion ≈ $83.10 Million |
-2.30% |
| 2003-12-31 | NT$2.70 Billion ≈ $85.06 Million |
+2.43% |
| 2002-12-31 | NT$2.64 Billion ≈ $83.04 Million |
-2.08% |
| 2001-12-31 | NT$2.69 Billion ≈ $84.81 Million |
+3.54% |
| 2000-12-31 | NT$2.60 Billion ≈ $81.91 Million |
-- |
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 1653.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.43 Billion | 46.52% |
| Common Stock | NT$2.49 Billion | 33.73% |
| Other Comprehensive Income | NT$1.45 Billion | 19.67% |
| Other Components | NT$5.77 Million | 0.08% |
| Total Equity | NT$7.38 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 |
|---|---|
|
Zhejiang Yangfan New Materials Co Ltd
SHE:300637
|
$358.97 Million |
|
Eastern Pioneer Auto Driving S
SHG:603377
|
$359.08 Million |
|
29METALS Ltd
AU:29M
|
$359.10 Million |
|
Padini Holdings Bhd
KLSE:7052
|
$359.27 Million |
|
Hainan Huluwa Pharmaceutical Group Co Ltd
SHG:605199
|
$358.90 Million |
|
Guangdong Jingyi Metal Co Ltd
SHE:002295
|
$358.66 Million |
|
Reckitt Benckiser Group PLC
LSE:RKT
|
$358.37 Million |
|
Gladstone Investment Corporation 8.00% Notes due 2028
NASDAQ:GAINL
|
$358.34 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 2024 to 2025, total equity changed from 7,253,189,000 to 7,382,645,000, a change of 129,456,000 (1.8%).
- Net income of 817,878,000 contributed positively to equity growth.
- Dividend payments of 498,003,000 reduced retained earnings.
- Other comprehensive income decreased equity by 76,702,000.
- Other factors decreased equity by 113,717,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$817.88 Million | +11.08% |
| Dividends Paid | NT$498.00 Million | -6.75% |
| Other Comprehensive Income | NT$-76.70 Million | -1.04% |
| Other Changes | NT$-113.72 Million | -1.54% |
| Total Change | NT$- | 1.78% |
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: 1.56x
- 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 3.38x to 1.56x 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$45.75 | x |
| 2010-12-31 | NT$13.41 | NT$45.75 | x |
| 2011-12-31 | NT$13.84 | NT$45.75 | x |
| 2012-12-31 | NT$14.55 | NT$45.75 | x |
| 2013-12-31 | NT$15.90 | NT$45.75 | x |
| 2014-12-31 | NT$18.51 | NT$45.75 | x |
| 2015-12-31 | NT$19.62 | NT$45.75 | x |
| 2016-12-31 | NT$21.30 | NT$45.75 | x |
| 2017-12-31 | NT$22.05 | NT$45.75 | x |
| 2018-12-31 | NT$23.18 | NT$45.75 | x |
| 2019-12-31 | NT$23.74 | NT$45.75 | x |
| 2020-12-31 | NT$23.22 | NT$45.75 | x |
| 2021-12-31 | NT$24.11 | NT$45.75 | x |
| 2022-12-31 | NT$28.32 | NT$45.75 | x |
| 2023-12-31 | NT$25.57 | NT$45.75 | x |
| 2024-12-31 | NT$28.89 | NT$45.75 | x |
| 2025-12-31 | NT$29.36 | NT$45.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sesoda Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.08%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.28%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.69x
- Recent ROE (11.08%) is above the historical average (9.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 1.15% | 2.06% | 0.37x | 1.52x | NT$-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 |
| 2025 | 11.08% | 13.28% | 0.49x | 1.69x | NT$79.61 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: $44,443,894,667
- Average return on equity (ROE) among peers: 3.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sesoda Corp (1708) | NT$7.40 Billion | 1.15% | 0.72x | $358.91 Million |
| Taiwan Styrene Monomer Corp (1310) | $5.05 Billion | -8.72% | 1.10x | $2.63K |
| Grand Pacific Petrochemical Corp (1312) | $25.62 Billion | 11.55% | 0.17x | $461.96 Million |
| Grand Pacific Petrochemical Corp Pref (1312A) | $20.85 Billion | 11.52% | 0.20x | $12.46 Million |
| UPC Technology Corp (1313) | $9.60 Billion | 0.00% | 0.58x | $469.60 Million |
| Formosa Chemicals & Fibre Corp (1326) | $305.49 Billion | 0.12% | 0.61x | $9.90 Billion |
| Formosan Union Chemical Corp (1709) | $6.12 Billion | 6.66% | 0.50x | $314.85 Million |
| Oriental Union Chemical Corp (1710) | $15.92 Billion | 5.65% | 1.12x | $377.17 Million |
| Ho Tung Chemical Corp (1714) | $9.00 Billion | -2.60% | 1.18x | $595.37 Million |
| Sunko Ink Co Ltd (1721) | $2.36 Billion | 2.97% | 0.80x | $136.88 Million |
About 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