Sinon Corp
Sinon Corporation manufactures and sells various chemicals and fertilizers. The company offers crop protection products, such as agrochemicals, fertilizers, farming materials, seeds, and seedlings, etc. It also provides product design, mold design and manufacturing, blow molding, injection molding, PET injection molding, PET extrusion blow molding, one-step injection blow molding, printing, gildi… Read more
Sinon Corp (1712) - Net Assets
Latest net assets as of September 2025: NT$8.32 Billion TWD
Based on the latest financial reports, Sinon Corp (1712) has net assets worth NT$8.32 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$15.02 Billion) and total liabilities (NT$6.70 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$8.32 Billion |
| % of Total Assets | 55.38% |
| Annual Growth Rate | 3.32% |
| 5-Year Change | 20.03% |
| 10-Year Change | 58.11% |
| Growth Volatility | 4.53 |
Sinon Corp - Net Assets Trend (2002–2024)
This chart illustrates how Sinon 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 Sinon Corp (2002–2024)
The table below shows the annual net assets of Sinon Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.53 Billion | -0.32% |
| 2023-12-31 | NT$8.56 Billion | -1.12% |
| 2022-12-31 | NT$8.65 Billion | +15.30% |
| 2021-12-31 | NT$7.51 Billion | +5.61% |
| 2020-12-31 | NT$7.11 Billion | +0.43% |
| 2019-12-31 | NT$7.08 Billion | +0.35% |
| 2018-12-31 | NT$7.05 Billion | +5.53% |
| 2017-12-31 | NT$6.68 Billion | +14.36% |
| 2016-12-31 | NT$5.84 Billion | +8.31% |
| 2015-12-31 | NT$5.40 Billion | +0.42% |
| 2014-12-31 | NT$5.37 Billion | +6.84% |
| 2013-12-31 | NT$5.03 Billion | -0.04% |
| 2012-12-31 | NT$5.03 Billion | +0.58% |
| 2011-12-31 | NT$5.00 Billion | +5.53% |
| 2010-12-31 | NT$4.74 Billion | +1.44% |
| 2009-12-31 | NT$4.67 Billion | +3.15% |
| 2008-12-31 | NT$4.53 Billion | -1.24% |
| 2007-12-31 | NT$4.59 Billion | -2.14% |
| 2006-12-31 | NT$4.69 Billion | +3.31% |
| 2005-12-31 | NT$4.54 Billion | +1.95% |
| 2004-12-31 | NT$4.45 Billion | +3.67% |
| 2003-12-31 | NT$4.29 Billion | +3.31% |
| 2002-12-31 | NT$4.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sinon 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 497.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.53 Billion | 29.84% |
| Common Stock | NT$4.20 Billion | 49.64% |
| Other Comprehensive Income | NT$1.29 Billion | 15.21% |
| Other Components | NT$449.35 Million | 5.30% |
| Total Equity | NT$8.47 Billion | 100.00% |
Sinon Corp Competitors by Market Cap
The table below lists competitors of Sinon Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HCM II Acquisition Corp. Unit
NASDAQ:HONDU
|
$442.05 Million |
|
Kirloskar Brothers Limited
NSE:KIRLOSBROS
|
$442.13 Million |
|
LAMDA DEVELOPM. NA EO-30
F:LDQ
|
$442.15 Million |
|
Merida Industry Co Ltd
TW:9914
|
$442.17 Million |
|
Intrepid Potash Inc
NYSE:IPI
|
$441.92 Million |
|
Gloria Material Technology
TWO:5009
|
$441.84 Million |
|
Long Yuan Construction Group Co Ltd
SHG:600491
|
$441.63 Million |
|
Sichuan Fulin Transportation Group Co Ltd
SHE:002357
|
$441.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinon Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,503,042,000 to 8,470,434,000, a change of -32,608,000 (-0.4%).
- Net income of 1,049,130,000 contributed positively to equity growth.
- Dividend payments of 1,177,349,000 reduced retained earnings.
- Other comprehensive income decreased equity by 268,265,000.
- Other factors increased equity by 363,876,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.05 Billion | +12.39% |
| Dividends Paid | NT$1.18 Billion | -13.9% |
| Other Comprehensive Income | NT$-268.26 Million | -3.17% |
| Other Changes | NT$363.88 Million | +4.3% |
| Total Change | NT$- | -0.38% |
Book Value vs Market Value Analysis
This analysis compares Sinon 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: 2.21x
- 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 3.32x to 2.21x 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$13.40 | NT$44.50 | x |
| 2010-12-31 | NT$13.42 | NT$44.50 | x |
| 2011-12-31 | NT$14.09 | NT$44.50 | x |
| 2012-12-31 | NT$15.00 | NT$44.50 | x |
| 2013-12-31 | NT$13.61 | NT$44.50 | x |
| 2014-12-31 | NT$12.85 | NT$44.50 | x |
| 2015-12-31 | NT$12.70 | NT$44.50 | x |
| 2016-12-31 | NT$13.68 | NT$44.50 | x |
| 2017-12-31 | NT$15.74 | NT$44.50 | x |
| 2018-12-31 | NT$16.69 | NT$44.50 | x |
| 2019-12-31 | NT$16.69 | NT$44.50 | x |
| 2020-12-31 | NT$16.77 | NT$44.50 | x |
| 2021-12-31 | NT$17.70 | NT$44.50 | x |
| 2022-12-31 | NT$20.42 | NT$44.50 | x |
| 2023-12-31 | NT$20.20 | NT$44.50 | x |
| 2024-12-31 | NT$20.13 | NT$44.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinon Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.54%
- • Asset Turnover: 1.23x
- • Equity Multiplier: 1.82x
- Recent ROE (12.39%) is above the historical average (8.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 2.42% | 1.44% | 1.08x | 1.55x | NT$-315.04 Million |
| 2003 | 6.42% | 3.02% | 1.27x | 1.67x | NT$-153.46 Million |
| 2004 | 5.79% | 2.44% | 1.36x | 1.75x | NT$-187.51 Million |
| 2006 | 4.92% | 2.10% | 0.35x | 6.77x | NT$-229.83 Million |
| 2007 | 5.12% | 2.07% | 1.50x | 1.65x | NT$-223.05 Million |
| 2008 | 8.46% | 2.70% | 1.51x | 2.07x | NT$-69.51 Million |
| 2009 | 7.97% | 2.87% | 1.44x | 1.93x | NT$-93.73 Million |
| 2010 | 7.49% | 2.90% | 1.38x | 1.87x | NT$-118.17 Million |
| 2011 | 7.21% | 2.75% | 1.22x | 2.15x | NT$-138.31 Million |
| 2012 | 8.12% | 2.86% | 1.14x | 2.50x | NT$-94.39 Million |
| 2013 | 9.25% | 2.90% | 1.10x | 2.89x | NT$-37.21 Million |
| 2014 | 9.61% | 2.93% | 1.07x | 3.05x | NT$-20.65 Million |
| 2015 | 6.67% | 1.99% | 1.14x | 2.95x | NT$-176.05 Million |
| 2016 | 9.66% | 3.40% | 1.04x | 2.73x | NT$-19.71 Million |
| 2017 | 8.71% | 3.34% | 1.13x | 2.30x | NT$-85.74 Million |
| 2018 | 10.38% | 4.01% | 1.21x | 2.14x | NT$26.85 Million |
| 2019 | 9.60% | 3.95% | 1.12x | 2.17x | NT$-28.09 Million |
| 2020 | 10.14% | 4.09% | 1.17x | 2.12x | NT$9.68 Million |
| 2021 | 12.36% | 4.94% | 1.16x | 2.15x | NT$175.64 Million |
| 2022 | 19.19% | 7.16% | 1.39x | 1.92x | NT$790.42 Million |
| 2023 | 12.38% | 5.51% | 1.24x | 1.81x | NT$202.54 Million |
| 2024 | 12.39% | 5.54% | 1.23x | 1.82x | NT$202.09 Million |
Industry Comparison
This section compares Sinon Corp's net assets metrics with peer companies in the Agricultural Inputs industry.
Industry Context
- Industry: Agricultural Inputs
- Average net assets among peers: $15,146,390,500
- Average return on equity (ROE) among peers: 7.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinon Corp (1712) | NT$8.32 Billion | 2.42% | 0.81x | $442.00 Million |
| Taiwan Fertilizer Co Ltd (1722) | $54.27 Billion | 1.72% | 0.50x | $922.26 Million |
| All Cosmos Bio-Tech Holding Corp (4148) | $2.38 Billion | 8.33% | 0.25x | $32.62 Million |
| Huikwang (6508) | $2.45 Billion | 13.42% | 0.30x | $40.53 Million |
| CH Biotech R&D Co., Ltd. (6534) | $1.48 Billion | 6.77% | 0.95x | $93.83 Million |