Cathay Chemical Works Inc
Cathay Chemical Works Inc. manufactures and sells specialty and fine chemicals under the CATHAY brand in Taiwan. It offers sodium formaldehyde sulfoxylate, sodium metabisulfite, zinc oxide, calcined zinc oxide, sodium hydrosulfite, zinc dust, and sodium hydroxymethanesulfinate, as well as galvanized metal and steel sheets. The company also exports its products to Asia, Europe, America, New Zealan… Read more
Cathay Chemical Works Inc (1713) - Net Assets
Latest net assets as of September 2025: NT$3.60 Billion TWD
Based on the latest financial reports, Cathay Chemical Works Inc (1713) has net assets worth NT$3.60 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$3.77 Billion) and total liabilities (NT$160.85 Million). 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$3.60 Billion |
| % of Total Assets | 95.73% |
| Annual Growth Rate | 3.59% |
| 5-Year Change | 85.81% |
| 10-Year Change | 94.29% |
| Growth Volatility | 11.08 |
Cathay Chemical Works Inc - Net Assets Trend (2002–2024)
This chart illustrates how Cathay Chemical Works Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cathay Chemical Works Inc (2002–2024)
The table below shows the annual net assets of Cathay Chemical Works Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.35 Billion | +52.65% |
| 2023-12-31 | NT$2.85 Billion | +10.14% |
| 2022-12-31 | NT$2.59 Billion | +6.60% |
| 2021-12-31 | NT$2.43 Billion | +3.67% |
| 2020-12-31 | NT$2.34 Billion | +1.63% |
| 2019-12-31 | NT$2.30 Billion | -0.55% |
| 2018-12-31 | NT$2.31 Billion | +2.31% |
| 2017-12-31 | NT$2.26 Billion | -0.51% |
| 2016-12-31 | NT$2.27 Billion | +1.64% |
| 2015-12-31 | NT$2.24 Billion | -0.78% |
| 2014-12-31 | NT$2.25 Billion | +0.77% |
| 2013-12-31 | NT$2.24 Billion | -0.04% |
| 2012-12-31 | NT$2.24 Billion | +1.06% |
| 2011-12-31 | NT$2.21 Billion | -0.31% |
| 2010-12-31 | NT$2.22 Billion | +1.89% |
| 2009-12-31 | NT$2.18 Billion | +0.62% |
| 2008-12-31 | NT$2.17 Billion | -2.04% |
| 2007-12-31 | NT$2.21 Billion | +0.90% |
| 2006-12-31 | NT$2.19 Billion | -2.12% |
| 2005-12-31 | NT$2.24 Billion | +8.64% |
| 2004-12-31 | NT$2.06 Billion | +5.05% |
| 2003-12-31 | NT$1.96 Billion | -1.83% |
| 2002-12-31 | NT$2.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cathay Chemical Works Inc'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 2549.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.92 Billion | 44.22% |
| Common Stock | NT$1.51 Billion | 34.73% |
| Other Comprehensive Income | NT$821.89 Million | 18.91% |
| Other Components | NT$92.96 Million | 2.14% |
| Total Equity | NT$4.35 Billion | 100.00% |
Cathay Chemical Works Inc Competitors by Market Cap
The table below lists competitors of Cathay Chemical Works Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stack Capital Group Inc.
PINK:STCGF
|
$89.40 Million |
|
TRX Gold Corp
TO:TNX
|
$89.41 Million |
|
Pacific Financial Corp
OTCQX:PFLC
|
$89.42 Million |
|
DORO (DR8A.SG)
STU:DR8A
|
$89.46 Million |
|
Fortinova Fastigheter AB Series B
ST:FNOVA-B
|
$89.31 Million |
|
DADELO S.A. ZY -20
F:91N0
|
$89.29 Million |
|
Intellicheck Mobilisa Inc
NASDAQ:IDN
|
$89.24 Million |
|
PSB Holdings Inc
OTCQX:PSBQ
|
$89.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cathay Chemical Works Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,847,394,000 to 4,346,558,000, a change of 1,499,164,000 (52.7%).
- Net income of 1,555,981,000 contributed positively to equity growth.
- Dividend payments of 211,332,000 reduced retained earnings.
- Other comprehensive income increased equity by 30,654,000.
- Other factors increased equity by 123,861,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.56 Billion | +35.8% |
| Dividends Paid | NT$211.33 Million | -4.86% |
| Other Comprehensive Income | NT$30.65 Million | +0.71% |
| Other Changes | NT$123.86 Million | +2.85% |
| Total Change | NT$- | 52.65% |
Book Value vs Market Value Analysis
This analysis compares Cathay Chemical Works Inc'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: 1.63x
- 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 1.63x 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$14.45 | NT$46.90 | x |
| 2010-12-31 | NT$14.72 | NT$46.90 | x |
| 2011-12-31 | NT$14.67 | NT$46.90 | x |
| 2012-12-31 | NT$14.83 | NT$46.90 | x |
| 2013-12-31 | NT$14.82 | NT$46.90 | x |
| 2014-12-31 | NT$14.94 | NT$46.90 | x |
| 2015-12-31 | NT$14.82 | NT$46.90 | x |
| 2016-12-31 | NT$15.06 | NT$46.90 | x |
| 2017-12-31 | NT$14.97 | NT$46.90 | x |
| 2018-12-31 | NT$15.30 | NT$46.90 | x |
| 2019-12-31 | NT$15.22 | NT$46.90 | x |
| 2020-12-31 | NT$15.47 | NT$46.90 | x |
| 2021-12-31 | NT$16.03 | NT$46.90 | x |
| 2022-12-31 | NT$17.06 | NT$46.90 | x |
| 2023-12-31 | NT$18.81 | NT$46.90 | x |
| 2024-12-31 | NT$28.79 | NT$46.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cathay Chemical Works Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 35.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 294.71%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.05x
- Recent ROE (35.80%) is above the historical average (5.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.41% | 8.79% | 0.33x | 1.16x | NT$-131.75 Million |
| 2003 | 1.37% | 3.55% | 0.34x | 1.14x | NT$-169.29 Million |
| 2004 | 6.33% | 15.13% | 0.37x | 1.14x | NT$-75.74 Million |
| 2005 | 7.39% | 22.11% | 0.29x | 1.16x | NT$-58.44 Million |
| 2006 | 1.64% | 9.61% | 0.15x | 1.16x | NT$-183.29 Million |
| 2007 | 2.19% | 7.26% | 0.28x | 1.07x | NT$-172.79 Million |
| 2008 | 0.76% | 2.93% | 0.24x | 1.06x | NT$-200.26 Million |
| 2009 | 0.95% | 4.92% | 0.18x | 1.06x | NT$-197.32 Million |
| 2010 | 2.67% | 10.57% | 0.24x | 1.07x | NT$-162.82 Million |
| 2011 | 2.32% | 8.90% | 0.24x | 1.08x | NT$-170.10 Million |
| 2012 | 3.48% | 11.97% | 0.27x | 1.07x | NT$-145.98 Million |
| 2013 | 3.41% | 11.55% | 0.27x | 1.07x | NT$-147.51 Million |
| 2014 | 4.08% | 12.29% | 0.31x | 1.08x | NT$-133.48 Million |
| 2015 | 3.11% | 10.57% | 0.27x | 1.08x | NT$-154.08 Million |
| 2016 | 4.34% | 15.89% | 0.25x | 1.08x | NT$-128.60 Million |
| 2017 | 3.23% | 11.00% | 0.27x | 1.07x | NT$-153.20 Million |
| 2018 | 4.99% | 17.19% | 0.27x | 1.07x | NT$-115.98 Million |
| 2019 | 4.19% | 16.26% | 0.24x | 1.07x | NT$-133.71 Million |
| 2020 | 3.91% | 19.22% | 0.19x | 1.06x | NT$-142.50 Million |
| 2021 | 6.49% | 25.21% | 0.24x | 1.06x | NT$-85.03 Million |
| 2022 | 11.06% | 50.03% | 0.21x | 1.06x | NT$27.38 Million |
| 2023 | 12.30% | 73.55% | 0.16x | 1.06x | NT$65.63 Million |
| 2024 | 35.80% | 294.71% | 0.12x | 1.05x | NT$1.12 Billion |
Industry Comparison
This section compares Cathay Chemical Works Inc's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $44,934,559,200
- Average return on equity (ROE) among peers: 11.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cathay Chemical Works Inc (1713) | NT$3.60 Billion | 3.41% | 0.04x | $89.38 Million |
| Formosa Plastics Corp (1301) | $225.33 Billion | 12.22% | 0.47x | $5.82 Billion |
| Nan Ya Plastics Corp (1303) | $142.47 Billion | 14.77% | 1.15x | $13.36 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $220.86 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $9.82 Billion | 5.76% | 0.52x | $156.91 Million |
| Taita Chemical Co Ltd (1309) | $3.69 Billion | 0.65% | 0.67x | $113.99 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $42.00 Million |
| Everlight Chemical Industrial Corp (1711) | $6.07 Billion | 11.90% | 0.51x | $317.86 Million |