Ho Tung Chemical Corp (1714) - Net Assets
Based on the latest financial reports, Ho Tung Chemical Corp (1714) has net assets worth NT$16.16 Billion TWD (≈ $509.25 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$23.06 Billion ≈ $726.39 Million USD) and total liabilities (NT$6.89 Billion ≈ $217.14 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 Ho Tung Chemical Corp's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$16.16 Billion |
| % of Total Assets | 70.11% |
| Annual Growth Rate | 4.08% |
| 5-Year Change | 3.58% |
| 10-Year Change | 12.99% |
| Growth Volatility | 10.39 |
Ho Tung Chemical Corp - Net Assets Trend (2002–2024)
This chart illustrates how Ho Tung Chemical Corp's net assets have evolved over time, based on quarterly financial data. See how many days can Ho Tung Chemical Corp fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ho Tung Chemical Corp (2002–2024)
The table below shows the annual net assets of Ho Tung Chemical Corp from 2002 to 2024. For live valuation and market cap data, see Ho Tung Chemical Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$16.93 Billion ≈ $533.35 Million |
+4.17% |
| 2023-12-31 | NT$16.25 Billion ≈ $512.00 Million |
+1.42% |
| 2022-12-31 | NT$16.02 Billion ≈ $504.84 Million |
-3.63% |
| 2021-12-31 | NT$16.63 Billion ≈ $523.85 Million |
+1.73% |
| 2020-12-31 | NT$16.34 Billion ≈ $514.92 Million |
+18.25% |
| 2019-12-31 | NT$13.82 Billion ≈ $435.44 Million |
-4.78% |
| 2018-12-31 | NT$14.52 Billion ≈ $457.32 Million |
-0.71% |
| 2017-12-31 | NT$14.62 Billion ≈ $460.57 Million |
-3.80% |
| 2016-12-31 | NT$15.20 Billion ≈ $478.76 Million |
+1.43% |
| 2015-12-31 | NT$14.98 Billion ≈ $472.03 Million |
-2.23% |
| 2014-12-31 | NT$15.32 Billion ≈ $482.79 Million |
-5.86% |
| 2013-12-31 | NT$16.28 Billion ≈ $512.81 Million |
+5.60% |
| 2012-12-31 | NT$15.41 Billion ≈ $485.62 Million |
+7.36% |
| 2011-12-31 | NT$14.36 Billion ≈ $452.34 Million |
+20.91% |
| 2010-12-31 | NT$11.87 Billion ≈ $374.13 Million |
+17.49% |
| 2009-12-31 | NT$10.11 Billion ≈ $318.44 Million |
+15.36% |
| 2008-12-31 | NT$8.76 Billion ≈ $276.05 Million |
+10.21% |
| 2007-12-31 | NT$7.95 Billion ≈ $250.48 Million |
+5.95% |
| 2006-12-31 | NT$7.50 Billion ≈ $236.41 Million |
-2.82% |
| 2005-12-31 | NT$7.72 Billion ≈ $243.28 Million |
-14.16% |
| 2004-12-31 | NT$9.00 Billion ≈ $283.42 Million |
-2.26% |
| 2003-12-31 | NT$9.20 Billion ≈ $289.99 Million |
+31.13% |
| 2002-12-31 | NT$7.02 Billion ≈ $221.14 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Ho Tung 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 42.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.12 Billion | 8.97% |
| Common Stock | NT$10.17 Billion | 81.38% |
| Other Comprehensive Income | NT$1.21 Billion | 9.66% |
| Total Equity | NT$12.50 Billion | 100.00% |
Ho Tung Chemical Corp Competitors by Market Cap
The table below lists competitors of Ho Tung Chemical Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mediterranean Towers Ltd
TA:MDTR
|
$629.43 Million |
|
Zhejiang Wellsun Intelligent Tech
SHE:300882
|
$629.46 Million |
|
Postal Realty Trust Inc
NYSE:PSTL
|
$629.55 Million |
|
Universal Cement Corp
TW:1104
|
$629.56 Million |
|
Vestum AB (publ)
ST:VESTUM
|
$629.29 Million |
|
Nanjing Baose Co Ltd
SHE:300402
|
$628.73 Million |
|
BCI Minerals Limited
F:BC3
|
$628.64 Million |
|
PT Bukalapak.com
JK:BUKA
|
$628.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ho Tung Chemical Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,150,454,000 to 12,495,414,000, a change of 344,960,000 (2.8%).
- Net income of 415,463,000 contributed positively to equity growth.
- Dividend payments of 302,005,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,358,713,999.
- Other factors decreased equity by 2,127,211,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$415.46 Million | +3.32% |
| Dividends Paid | NT$302.00 Million | -2.42% |
| Other Comprehensive Income | NT$2.36 Billion | +18.88% |
| Other Changes | NT$-2.13 Billion | -17.02% |
| Total Change | NT$- | 2.84% |
Book Value vs Market Value Analysis
This analysis compares Ho Tung 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: 1.64x
- 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 3.04x to 1.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$6.70 | NT$20.35 | x |
| 2005-12-31 | NT$5.88 | NT$20.35 | x |
| 2006-12-31 | NT$5.89 | NT$20.35 | x |
| 2007-12-31 | NT$6.12 | NT$20.35 | x |
| 2008-12-31 | NT$6.42 | NT$20.35 | x |
| 2009-12-31 | NT$7.86 | NT$20.35 | x |
| 2010-12-31 | NT$8.46 | NT$20.35 | x |
| 2011-12-31 | NT$10.10 | NT$20.35 | x |
| 2012-12-31 | NT$10.43 | NT$20.35 | x |
| 2013-12-31 | NT$11.12 | NT$20.35 | x |
| 2014-12-31 | NT$10.95 | NT$20.35 | x |
| 2015-12-31 | NT$11.19 | NT$20.35 | x |
| 2016-12-31 | NT$11.02 | NT$20.35 | x |
| 2017-12-31 | NT$11.15 | NT$20.35 | x |
| 2018-12-31 | NT$11.00 | NT$20.35 | x |
| 2019-12-31 | NT$10.44 | NT$20.35 | x |
| 2020-12-31 | NT$12.28 | NT$20.35 | x |
| 2021-12-31 | NT$12.57 | NT$20.35 | x |
| 2022-12-31 | NT$12.09 | NT$20.35 | x |
| 2023-12-31 | NT$12.05 | NT$20.35 | x |
| 2024-12-31 | NT$12.39 | NT$20.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ho Tung Chemical Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.01%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.89x
- Recent ROE (3.32%) is below the historical average (4.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.94% | 4.29% | 0.91x | 2.30x | NT$-74.23 Million |
| 2003 | 11.24% | 4.27% | 1.09x | 2.42x | NT$93.32 Million |
| 2004 | -3.55% | -0.88% | 1.36x | 2.97x | NT$-894.18 Million |
| 2005 | -14.54% | -2.37% | 1.64x | 3.74x | NT$-1.42 Billion |
| 2006 | 2.93% | 0.44% | 1.75x | 3.85x | NT$-409.99 Million |
| 2007 | 0.79% | 0.10% | 1.95x | 4.06x | NT$-561.52 Million |
| 2008 | 8.27% | 1.14% | 2.10x | 3.44x | NT$-114.11 Million |
| 2009 | 13.66% | 3.05% | 1.57x | 2.85x | NT$286.68 Million |
| 2010 | 13.97% | 2.76% | 1.60x | 3.15x | NT$337.69 Million |
| 2011 | 11.47% | 2.46% | 1.60x | 2.91x | NT$149.16 Million |
| 2012 | 5.56% | 1.27% | 1.25x | 3.50x | NT$-467.08 Million |
| 2013 | 4.26% | 0.87% | 1.34x | 3.64x | NT$-643.60 Million |
| 2014 | -3.59% | -0.70% | 1.19x | 4.31x | NT$-1.50 Billion |
| 2015 | 3.14% | 0.91% | 1.24x | 2.78x | NT$-770.84 Million |
| 2016 | 3.64% | 1.31% | 1.04x | 2.67x | NT$-704.27 Million |
| 2017 | 3.01% | 1.07% | 1.17x | 2.40x | NT$-782.46 Million |
| 2018 | 2.39% | 0.87% | 1.20x | 2.30x | NT$-840.04 Million |
| 2019 | 0.17% | 0.06% | 1.15x | 2.27x | NT$-1.03 Billion |
| 2020 | 13.67% | 6.52% | 1.06x | 1.97x | NT$452.85 Million |
| 2021 | 5.73% | 3.58% | 0.84x | 1.90x | NT$-539.60 Million |
| 2022 | 3.05% | 1.63% | 0.98x | 1.90x | NT$-844.90 Million |
| 2023 | 4.93% | 2.95% | 0.90x | 1.86x | NT$-615.98 Million |
| 2024 | 3.32% | 2.01% | 0.87x | 1.89x | NT$-834.08 Million |
Industry Comparison
This section compares Ho Tung Chemical Corp's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $43,430,320,111
- Average return on equity (ROE) among peers: 5.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ho Tung Chemical Corp (1714) | NT$16.16 Billion | 8.94% | 0.43x | $629.39 Million |
| Taiwan Styrene Monomer Corp (1310) | $7.55 Billion | 18.69% | 0.56x | $2.69K |
| Grand Pacific Petrochemical Corp (1312) | $25.62 Billion | 11.55% | 0.17x | $470.67 Million |
| Grand Pacific Petrochemical Corp Pref (1312A) | $36.11 Billion | -1.37% | 0.70x | $12.49 Million |
| UPC Technology Corp (1313) | $29.47 Billion | -8.09% | 0.94x | $486.38 Million |
| Formosa Chemicals & Fibre Corp (1326) | $273.20 Billion | 2.60% | 0.78x | $9.99 Billion |
| Sesoda Corp (1708) | $5.80 Billion | 3.00% | 1.05x | $394.60 Million |
| Formosan Union Chemical Corp (1709) | $6.12 Billion | 13.86% | 0.48x | $319.36 Million |
| Oriental Union Chemical Corp (1710) | $6.39 Billion | 12.05% | 0.37x | $377.17 Million |
| Sunko Ink Co Ltd (1721) | $618.26 Million | 0.15% | 1.02x | $138.63 Million |
About Ho Tung Chemical Corp
Ho Tung Chemical Corp., together with its subsidiaries, develops, manufactures, processes, and sells various chemical products in Taiwan, China, Southeast Asia, and internationally. It operates through Chemicals, Oil Products, Investments, and Cement segments. The company offers normal paraffins, linear alkyl benzene, linear alkyl benzene sulfonic acid, sodium laureth sulphate, hexadecyltrimethyl… Read more