Shiny Chemical Industrial Co Ltd
Shiny Chemical Industrial Co., Ltd. engages in manufacturing, processing, and trading of chemical solvents in Taiwan and internationally. It provides electronic solvents, including menthyl acetates, ether alcohol esters, other solvents, and customized products; and industrial solvents, such as menthyl acetates, ether ester products, and other solvents. The company also offers formalin and urea gl… Read more
Shiny Chemical Industrial Co Ltd (1773) - Net Assets
Latest net assets as of September 2025: NT$10.58 Billion TWD
Based on the latest financial reports, Shiny Chemical Industrial Co Ltd (1773) has net assets worth NT$10.58 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$16.27 Billion) and total liabilities (NT$5.69 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$10.58 Billion |
| % of Total Assets | 65.05% |
| Annual Growth Rate | 9.06% |
| 5-Year Change | 69.52% |
| 10-Year Change | 143.47% |
| Growth Volatility | 6.01 |
Shiny Chemical Industrial Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shiny Chemical Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shiny Chemical Industrial Co Ltd (2008–2024)
The table below shows the annual net assets of Shiny Chemical Industrial Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$9.77 Billion | +12.27% |
| 2023-12-31 | NT$8.70 Billion | +8.29% |
| 2022-12-31 | NT$8.04 Billion | +18.49% |
| 2021-12-31 | NT$6.78 Billion | +17.67% |
| 2020-12-31 | NT$5.76 Billion | +17.12% |
| 2019-12-31 | NT$4.92 Billion | +2.37% |
| 2018-12-31 | NT$4.81 Billion | +6.79% |
| 2017-12-31 | NT$4.50 Billion | +5.91% |
| 2016-12-31 | NT$4.25 Billion | +5.91% |
| 2015-12-31 | NT$4.01 Billion | +5.48% |
| 2014-12-31 | NT$3.81 Billion | +7.76% |
| 2013-12-31 | NT$3.53 Billion | +4.36% |
| 2012-12-31 | NT$3.38 Billion | +5.77% |
| 2011-12-31 | NT$3.20 Billion | -1.07% |
| 2010-12-31 | NT$3.23 Billion | +10.61% |
| 2009-12-31 | NT$2.92 Billion | +19.87% |
| 2008-12-31 | NT$2.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shiny Chemical Industrial Co Ltd'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 560.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.39 Billion | 55.20% |
| Common Stock | NT$2.50 Billion | 25.58% |
| Other Components | NT$1.88 Billion | 19.22% |
| Total Equity | NT$9.77 Billion | 100.00% |
Shiny Chemical Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Shiny Chemical Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huafu Top Dyed Melange Yarn Co Ltd
SHE:002042
|
$581.04 Million |
|
TUHU Car Inc.
F:L83
|
$581.10 Million |
|
Guangdong Huate Gas Co Ltd
SHG:688268
|
$581.15 Million |
|
PT Bukit Asam Tbk
F:TBA
|
$581.54 Million |
|
Paradeep Phosphates Limited
NSE:PARADEEP
|
$580.73 Million |
|
Palfinger AG
PINK:PLFRF
|
$580.72 Million |
|
Ability Enterprise Co Ltd
TW:2374
|
$580.71 Million |
|
ANTIN INFRASTR.PRT EO 1
F:8ZU
|
$580.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shiny Chemical Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,704,606,000 to 9,772,966,000, a change of 1,068,360,000 (12.3%).
- Net income of 1,803,653,000 contributed positively to equity growth.
- Dividend payments of 800,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,558,957,999.
- Other factors increased equity by 1,623,664,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.80 Billion | +18.46% |
| Dividends Paid | NT$800.00 Million | -8.19% |
| Other Comprehensive Income | NT$-1.56 Billion | -15.95% |
| Other Changes | NT$1.62 Billion | +16.61% |
| Total Change | NT$- | 12.27% |
Book Value vs Market Value Analysis
This analysis compares Shiny Chemical Industrial Co Ltd'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: 3.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 12.45x to 3.81x 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$11.89 | NT$148.00 | x |
| 2010-12-31 | NT$12.94 | NT$148.00 | x |
| 2011-12-31 | NT$12.80 | NT$148.00 | x |
| 2012-12-31 | NT$13.54 | NT$148.00 | x |
| 2013-12-31 | NT$15.87 | NT$148.00 | x |
| 2014-12-31 | NT$15.22 | NT$148.00 | x |
| 2015-12-31 | NT$15.90 | NT$148.00 | x |
| 2016-12-31 | NT$16.80 | NT$148.00 | x |
| 2017-12-31 | NT$17.84 | NT$148.00 | x |
| 2018-12-31 | NT$19.04 | NT$148.00 | x |
| 2019-12-31 | NT$19.53 | NT$148.00 | x |
| 2020-12-31 | NT$22.92 | NT$148.00 | x |
| 2021-12-31 | NT$26.98 | NT$148.00 | x |
| 2022-12-31 | NT$31.94 | NT$148.00 | x |
| 2023-12-31 | NT$34.63 | NT$148.00 | x |
| 2024-12-31 | NT$38.90 | NT$148.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shiny Chemical Industrial Co Ltd 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): 18.46%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.31%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.60x
- Recent ROE (18.46%) is above the historical average (17.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 11.66% | 4.82% | 1.61x | 1.50x | NT$40.59 Million |
| 2009 | 15.75% | 9.37% | 1.22x | 1.37x | NT$168.19 Million |
| 2010 | 20.11% | 9.78% | 1.50x | 1.37x | NT$326.83 Million |
| 2011 | 15.13% | 7.03% | 1.60x | 1.34x | NT$164.25 Million |
| 2012 | 16.03% | 7.96% | 1.53x | 1.32x | NT$204.22 Million |
| 2013 | 15.32% | 8.06% | 1.35x | 1.41x | NT$188.00 Million |
| 2014 | 13.78% | 7.20% | 1.46x | 1.31x | NT$143.69 Million |
| 2015 | 15.24% | 9.42% | 1.29x | 1.26x | NT$210.50 Million |
| 2016 | 18.47% | 12.71% | 1.15x | 1.26x | NT$360.05 Million |
| 2017 | 19.51% | 12.85% | 1.20x | 1.27x | NT$428.28 Million |
| 2018 | 19.34% | 11.58% | 1.32x | 1.27x | NT$449.32 Million |
| 2019 | 17.98% | 11.79% | 1.07x | 1.42x | NT$392.64 Million |
| 2020 | 20.36% | 15.09% | 0.94x | 1.43x | NT$597.51 Million |
| 2021 | 23.83% | 14.51% | 1.02x | 1.61x | NT$938.46 Million |
| 2022 | 22.71% | 16.09% | 0.84x | 1.68x | NT$1.02 Billion |
| 2023 | 18.13% | 16.02% | 0.68x | 1.66x | NT$708.00 Million |
| 2024 | 18.46% | 16.31% | 0.71x | 1.60x | NT$826.36 Million |
Industry Comparison
This section compares Shiny Chemical Industrial Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $53,957,219,400
- Average return on equity (ROE) among peers: 6.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shiny Chemical Industrial Co Ltd (1773) | NT$10.58 Billion | 11.66% | 0.54x | $580.80 Million |
| Taiwan Styrene Monomer Corp (1310) | $6.59 Billion | 10.54% | 0.81x | $136.89 Million |
| Grand Pacific Petrochemical Corp (1312) | $23.48 Billion | 14.00% | 0.19x | $358.21 Million |
| UPC Technology Corp (1313) | $30.05 Billion | -0.94% | 0.85x | $269.65 Million |
| Formosa Chemicals & Fibre Corp (1326) | $433.32 Billion | 11.25% | 0.37x | $4.53 Billion |
| Sesoda Corp (1708) | $3.17 Billion | 17.62% | 0.48x | $222.71 Million |
| Formosan Union Chemical Corp (1709) | $8.55 Billion | 12.69% | 0.55x | $156.95 Million |
| Oriental Union Chemical Corp (1710) | $14.39 Billion | 1.85% | 1.29x | $288.33 Million |
| Ho Tung Chemical Corp (1714) | $16.63 Billion | 4.35% | 0.44x | $211.00 Million |
| Sunko Ink Co Ltd (1721) | $2.33 Billion | -3.00% | 0.75x | $64.82 Million |
| Evermore Chemical Industry Co Ltd (1735) | $1.06 Billion | 0.00% | 0.75x | $32.91 Million |