Formosan Union Chemical Corp
Formosan Union Chemical Corp. produces and sells chemical products in Taiwan, China, Guatemala, the Philippines, Vietnam, the United States, and internationally. The company offers alkyl benzene, which is used as a raw material for detergents; nonyl phenol that is used as a raw material for surfactants rubbers and plastic anti-oxidant agents, etc., as well as dodecyl phenol for lubricating oils.;… Read more
Formosan Union Chemical Corp (1709) - Net Assets
Latest net assets as of September 2025: NT$9.10 Billion TWD
Based on the latest financial reports, Formosan Union Chemical Corp (1709) has net assets worth NT$9.10 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$11.95 Billion) and total liabilities (NT$2.84 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$9.10 Billion |
| % of Total Assets | 76.19% |
| Annual Growth Rate | 5.72% |
| 5-Year Change | 24.78% |
| 10-Year Change | 34.65% |
| Growth Volatility | 6.88 |
Formosan Union Chemical Corp - Net Assets Trend (2002–2024)
This chart illustrates how Formosan Union Chemical 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 Formosan Union Chemical Corp (2002–2024)
The table below shows the annual net assets of Formosan Union Chemical Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$9.34 Billion | +13.14% |
| 2023-12-31 | NT$8.25 Billion | -3.45% |
| 2022-12-31 | NT$8.55 Billion | +8.26% |
| 2021-12-31 | NT$7.90 Billion | +5.51% |
| 2020-12-31 | NT$7.48 Billion | +3.17% |
| 2019-12-31 | NT$7.26 Billion | -3.07% |
| 2018-12-31 | NT$7.48 Billion | -4.01% |
| 2017-12-31 | NT$7.80 Billion | +4.12% |
| 2016-12-31 | NT$7.49 Billion | +7.97% |
| 2015-12-31 | NT$6.94 Billion | +6.25% |
| 2014-12-31 | NT$6.53 Billion | +0.65% |
| 2013-12-31 | NT$6.49 Billion | +5.91% |
| 2012-12-31 | NT$6.12 Billion | +0.09% |
| 2011-12-31 | NT$6.12 Billion | +10.23% |
| 2010-12-31 | NT$5.55 Billion | +19.10% |
| 2009-12-31 | NT$4.66 Billion | +6.56% |
| 2008-12-31 | NT$4.37 Billion | +19.65% |
| 2007-12-31 | NT$3.66 Billion | +4.16% |
| 2006-12-31 | NT$3.51 Billion | +3.14% |
| 2005-12-31 | NT$3.40 Billion | +20.16% |
| 2004-12-31 | NT$2.83 Billion | -0.38% |
| 2003-12-31 | NT$2.84 Billion | +3.56% |
| 2002-12-31 | NT$2.74 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Formosan Union Chemical 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 501.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.47 Billion | 16.17% |
| Common Stock | NT$4.77 Billion | 52.59% |
| Other Comprehensive Income | NT$2.76 Billion | 30.41% |
| Other Components | NT$76.14 Million | 0.84% |
| Total Equity | NT$9.07 Billion | 100.00% |
Formosan Union Chemical Corp Competitors by Market Cap
The table below lists competitors of Formosan Union Chemical Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trivago NV
NASDAQ:TRVG
|
$154.87 Million |
|
Fujian South Highway Machinery Co. Ltd. A
SHG:603280
|
$154.99 Million |
|
Beijing Jiaman Dress Co. Ltd. A
SHE:301276
|
$155.01 Million |
|
Newbury Street II Acquisition Corp Unit
NASDAQ:NTWOU
|
$155.05 Million |
|
Beijing Tieke Shougang Railway Tech Co Ltd
SHG:688569
|
$154.76 Million |
|
Strike Energy Ltd
AU:STX
|
$154.68 Million |
|
Ligitek Electronics Co Ltd
TWO:8111
|
$154.65 Million |
|
Norion Bank
ST:NORION
|
$154.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formosan Union Chemical Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,985,172,000 to 9,070,638,000, a change of 1,085,466,000 (13.6%).
- Net income of 733,576,000 contributed positively to equity growth.
- Dividend payments of 286,210,000 reduced retained earnings.
- Other comprehensive income increased equity by 560,250,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$733.58 Million | +8.09% |
| Dividends Paid | NT$286.21 Million | -3.16% |
| Other Comprehensive Income | NT$560.25 Million | +6.18% |
| Other Changes | NT$77.85 Million | +0.86% |
| Total Change | NT$- | 13.59% |
Book Value vs Market Value Analysis
This analysis compares Formosan Union Chemical 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: 0.95x
- 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 2.13x to 0.95x 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$8.49 | NT$18.05 | x |
| 2007-12-31 | NT$8.79 | NT$18.05 | x |
| 2008-12-31 | NT$10.56 | NT$18.05 | x |
| 2009-12-31 | NT$10.85 | NT$18.05 | x |
| 2010-12-31 | NT$12.94 | NT$18.05 | x |
| 2011-12-31 | NT$13.84 | NT$18.05 | x |
| 2012-12-31 | NT$13.99 | NT$18.05 | x |
| 2013-12-31 | NT$14.61 | NT$18.05 | x |
| 2014-12-31 | NT$13.39 | NT$18.05 | x |
| 2015-12-31 | NT$13.82 | NT$18.05 | x |
| 2016-12-31 | NT$14.83 | NT$18.05 | x |
| 2017-12-31 | NT$15.49 | NT$18.05 | x |
| 2018-12-31 | NT$14.87 | NT$18.05 | x |
| 2019-12-31 | NT$13.92 | NT$18.05 | x |
| 2020-12-31 | NT$15.01 | NT$18.05 | x |
| 2021-12-31 | NT$15.93 | NT$18.05 | x |
| 2022-12-31 | NT$17.28 | NT$18.05 | x |
| 2023-12-31 | NT$16.71 | NT$18.05 | x |
| 2024-12-31 | NT$18.97 | NT$18.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formosan Union Chemical Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.12%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.41x
- Recent ROE (8.09%) is above the historical average (7.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.54% | 4.13% | 1.12x | 1.42x | NT$-94.99 Million |
| 2003 | 5.41% | 3.28% | 1.21x | 1.36x | NT$-130.45 Million |
| 2004 | 2.61% | 1.42% | 1.26x | 1.46x | NT$-209.38 Million |
| 2006 | 6.16% | 2.96% | 1.36x | 1.53x | NT$-126.23 Million |
| 2007 | 6.09% | 2.44% | 1.46x | 1.70x | NT$-133.08 Million |
| 2008 | 7.83% | 3.23% | 1.47x | 1.65x | NT$-88.72 Million |
| 2009 | 7.58% | 4.12% | 1.23x | 1.50x | NT$-105.05 Million |
| 2010 | 10.32% | 5.12% | 1.40x | 1.44x | NT$16.72 Million |
| 2011 | 14.42% | 6.67% | 1.41x | 1.54x | NT$260.08 Million |
| 2012 | 6.87% | 3.41% | 1.30x | 1.55x | NT$-185.59 Million |
| 2013 | 4.79% | 2.62% | 1.14x | 1.60x | NT$-323.21 Million |
| 2014 | 3.01% | 1.69% | 1.09x | 1.64x | NT$-432.92 Million |
| 2015 | 9.70% | 6.72% | 0.92x | 1.57x | NT$-19.46 Million |
| 2016 | 11.99% | 9.90% | 0.83x | 1.46x | NT$140.74 Million |
| 2017 | 8.51% | 7.16% | 0.83x | 1.42x | NT$-110.45 Million |
| 2018 | 5.35% | 3.88% | 0.87x | 1.58x | NT$-330.95 Million |
| 2019 | 3.12% | 2.45% | 0.78x | 1.64x | NT$-473.67 Million |
| 2020 | 7.73% | 6.54% | 0.76x | 1.55x | NT$-163.05 Million |
| 2021 | 12.43% | 10.30% | 0.79x | 1.52x | NT$185.37 Million |
| 2022 | 13.11% | 10.26% | 0.80x | 1.60x | NT$257.32 Million |
| 2023 | 5.24% | 4.43% | 0.78x | 1.51x | NT$-380.33 Million |
| 2024 | 8.09% | 7.12% | 0.81x | 1.41x | NT$-173.49 Million |
Industry Comparison
This section compares Formosan Union Chemical Corp's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $51,908,587,444
- Average return on equity (ROE) among peers: 8.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formosan Union Chemical Corp (1709) | NT$9.10 Billion | 6.54% | 0.31x | $154.81 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 |
| Sesoda Corp (1708) | $3.05 Billion | 13.81% | 0.46x | $227.10 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 |