Taiwan Glass Ind Corp
Taiwan Glass Ind. Corp. manufactures, processes, and sells various glass products in Taiwan, China, and internationally. The company operates in three segments: Flat Glass, Glass Container, and Glass Fiber. The company offers float and processed glass; auto glass; ultra-thin glass; photovoltaic cover glass; and fabric and fiber glass. It also provides liquor, wine and beer, food jar, pepper, spic… Read more
Taiwan Glass Ind Corp (1802) - Net Assets
Latest net assets as of September 2025: NT$47.41 Billion TWD
Based on the latest financial reports, Taiwan Glass Ind Corp (1802) has net assets worth NT$47.41 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$86.87 Billion) and total liabilities (NT$39.46 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$47.41 Billion |
| % of Total Assets | 54.57% |
| Annual Growth Rate | 3.31% |
| 5-Year Change | 9.76% |
| 10-Year Change | 8.63% |
| Growth Volatility | 8.67 |
Taiwan Glass Ind Corp - Net Assets Trend (2000–2024)
This chart illustrates how Taiwan Glass Ind 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 Taiwan Glass Ind Corp (2000–2024)
The table below shows the annual net assets of Taiwan Glass Ind Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$51.37 Billion | +1.29% |
| 2023-12-31 | NT$50.71 Billion | -1.84% |
| 2022-12-31 | NT$51.66 Billion | -10.58% |
| 2021-12-31 | NT$57.77 Billion | +23.45% |
| 2020-12-31 | NT$46.80 Billion | +7.93% |
| 2019-12-31 | NT$43.36 Billion | -9.16% |
| 2018-12-31 | NT$47.73 Billion | -3.79% |
| 2017-12-31 | NT$49.61 Billion | +4.99% |
| 2016-12-31 | NT$47.26 Billion | -0.06% |
| 2015-12-31 | NT$47.29 Billion | -9.96% |
| 2014-12-31 | NT$52.52 Billion | +3.49% |
| 2013-12-31 | NT$50.75 Billion | +6.07% |
| 2012-12-31 | NT$47.84 Billion | -9.85% |
| 2011-12-31 | NT$53.07 Billion | +6.29% |
| 2010-12-31 | NT$49.93 Billion | +10.96% |
| 2009-12-31 | NT$45.00 Billion | +4.77% |
| 2008-12-31 | NT$42.95 Billion | -2.82% |
| 2007-12-31 | NT$44.19 Billion | +18.11% |
| 2006-12-31 | NT$37.42 Billion | +11.99% |
| 2005-12-31 | NT$33.41 Billion | +14.43% |
| 2004-12-31 | NT$29.20 Billion | +10.10% |
| 2003-12-31 | NT$26.52 Billion | +5.03% |
| 2002-12-31 | NT$25.25 Billion | +1.92% |
| 2001-12-31 | NT$24.77 Billion | +5.25% |
| 2000-12-31 | NT$23.54 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Glass Ind 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 182.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.35 Billion | 13.12% |
| Common Stock | NT$29.08 Billion | 60.04% |
| Other Comprehensive Income | NT$11.20 Billion | 23.13% |
| Other Components | NT$1.80 Billion | 3.71% |
| Total Equity | NT$48.44 Billion | 100.00% |
Taiwan Glass Ind Corp Competitors by Market Cap
The table below lists competitors of Taiwan Glass Ind Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mandatum Oyj
PINK:MANDF
|
$2.52 Billion |
|
Guangdong HongDa Blasting Co Ltd
SHE:002683
|
$2.52 Billion |
|
Sendas Distribuidora S.A.
PINK:ASAIY
|
$2.52 Billion |
|
Incitec Pivot Limited
PINK:ICPVF
|
$2.52 Billion |
|
The Western Union Company
MX:WU
|
$2.52 Billion |
|
Gibson Energy Inc
PINK:GBNXF
|
$2.52 Billion |
|
Lifan Industry Group Co Ltd
SHG:601777
|
$2.51 Billion |
|
Acm Research Inc
NASDAQ:ACMR
|
$2.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Glass Ind Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 47,555,057,000 to 48,436,671,000, a change of 881,614,000 (1.9%).
- Net loss of 1,571,562,000 reduced equity.
- Dividend payments of 1,981,000 reduced retained earnings.
- Other comprehensive income increased equity by 15,072,225,000.
- Other factors decreased equity by 12,617,068,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-1.57 Billion | -3.24% |
| Dividends Paid | NT$1.98 Million | -0.0% |
| Other Comprehensive Income | NT$15.07 Billion | +31.12% |
| Other Changes | NT$-12.62 Billion | -26.05% |
| Total Change | NT$- | 1.85% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Glass Ind 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: 3.72x
- 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 4.23x to 3.72x 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$14.65 | NT$62.00 | x |
| 2007-12-31 | NT$16.61 | NT$62.00 | x |
| 2008-12-31 | NT$16.16 | NT$62.00 | x |
| 2009-12-31 | NT$17.12 | NT$62.00 | x |
| 2010-12-31 | NT$19.07 | NT$62.00 | x |
| 2011-12-31 | NT$20.28 | NT$62.00 | x |
| 2012-12-31 | NT$18.32 | NT$62.00 | x |
| 2013-12-31 | NT$19.50 | NT$62.00 | x |
| 2014-12-31 | NT$20.31 | NT$62.00 | x |
| 2015-12-31 | NT$18.40 | NT$62.00 | x |
| 2016-12-31 | NT$16.73 | NT$62.00 | x |
| 2017-12-31 | NT$15.82 | NT$62.00 | x |
| 2018-12-31 | NT$15.21 | NT$62.00 | x |
| 2019-12-31 | NT$13.81 | NT$62.00 | x |
| 2020-12-31 | NT$15.05 | NT$62.00 | x |
| 2021-12-31 | NT$18.54 | NT$62.00 | x |
| 2022-12-31 | NT$16.66 | NT$62.00 | x |
| 2023-12-31 | NT$16.35 | NT$62.00 | x |
| 2024-12-31 | NT$16.66 | NT$62.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Glass Ind Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.70%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.87x
- Recent ROE (-3.24%) is below the historical average (3.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 9.63% | 14.69% | 0.53x | 1.24x | NT$-86.96 Million |
| 2001 | 8.89% | 16.93% | 0.44x | 1.19x | NT$-271.32 Million |
| 2002 | 7.00% | 12.23% | 0.47x | 1.23x | NT$-756.58 Million |
| 2003 | 6.81% | 11.21% | 0.49x | 1.24x | NT$-846.01 Million |
| 2004 | 13.19% | 19.21% | 0.51x | 1.35x | NT$931.48 Million |
| 2005 | 9.57% | 13.73% | 0.48x | 1.47x | NT$-136.27 Million |
| 2006 | 7.37% | 10.35% | 0.47x | 1.51x | NT$-919.22 Million |
| 2007 | 8.37% | 10.95% | 0.50x | 1.52x | NT$-648.19 Million |
| 2008 | 3.32% | 4.12% | 0.50x | 1.63x | NT$-2.58 Billion |
| 2009 | 3.23% | 4.17% | 0.51x | 1.51x | NT$-2.77 Billion |
| 2010 | 11.39% | 13.09% | 0.58x | 1.51x | NT$631.22 Million |
| 2011 | 5.21% | 6.89% | 0.43x | 1.76x | NT$-2.32 Billion |
| 2012 | -4.16% | -5.58% | 0.37x | 2.01x | NT$-6.19 Billion |
| 2013 | -1.92% | -2.42% | 0.37x | 2.17x | NT$-5.55 Billion |
| 2014 | 0.32% | 0.37% | 0.39x | 2.18x | NT$-4.70 Billion |
| 2015 | -10.69% | -11.35% | 0.43x | 2.19x | NT$-9.07 Billion |
| 2016 | -3.72% | -3.81% | 0.50x | 1.94x | NT$-6.05 Billion |
| 2017 | 4.61% | 4.73% | 0.53x | 1.83x | NT$-2.48 Billion |
| 2018 | 2.41% | 2.31% | 0.54x | 1.92x | NT$-3.36 Billion |
| 2019 | -4.00% | -3.85% | 0.48x | 2.17x | NT$-5.62 Billion |
| 2020 | 5.63% | 5.89% | 0.47x | 2.05x | NT$-1.91 Billion |
| 2021 | 21.24% | 20.47% | 0.56x | 1.84x | NT$6.07 Billion |
| 2022 | -1.45% | -1.60% | 0.47x | 1.92x | NT$-5.55 Billion |
| 2023 | 0.07% | 0.08% | 0.50x | 1.90x | NT$-4.72 Billion |
| 2024 | -3.24% | -3.70% | 0.47x | 1.87x | NT$-6.42 Billion |
Industry Comparison
This section compares Taiwan Glass Ind Corp's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $9,055,336,222
- Average return on equity (ROE) among peers: 9.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Glass Ind Corp (1802) | NT$47.41 Billion | 9.63% | 0.83x | $2.52 Billion |
| Chia Hsin Cement Corp (1103) | $18.60 Billion | 14.70% | 0.85x | $115.31 Million |
| Universal Cement Corp (1104) | $13.38 Billion | 5.32% | 0.19x | $364.13 Million |
| Lucky Cement Co (1108) | $4.80 Billion | 6.57% | 0.61x | $88.91 Million |
| Hsing Ta Cement Co Ltd (1109) | $5.71 Billion | 4.90% | 0.17x | $89.19 Million |
| Southeast Cement Co Ltd (1110) | $8.51 Billion | 0.77% | 0.09x | $139.76 Million |
| Goldsun Building Materials Co Ltd (2504) | $25.62 Billion | 13.78% | 0.58x | $902.17 Million |
| Lihtai Construction Enterprise Co Ltd (5520) | $1.80 Billion | 3.42% | 0.25x | $51.69 Million |
| Yonggu Group Inc (5546) | $1.95 Billion | 23.73% | 1.67x | $14.85 Million |
| Wellpool Co Ltd (8424) | $1.12 Billion | 14.88% | 0.19x | $32.89 Million |