Taiwan Glass Ind Corp (1802) - Net Assets
Based on the latest financial reports, Taiwan Glass Ind Corp (1802) has net assets worth NT$53.44 Billion TWD (≈ $1.68 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$91.61 Billion ≈ $2.89 Billion USD) and total liabilities (NT$38.16 Billion ≈ $1.20 Billion 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. Also explore 1802 total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$53.44 Billion |
| % of Total Assets | 58.34% |
| Annual Growth Rate | 3.09% |
| 5-Year Change | -12.89% |
| 10-Year Change | 6.49% |
| Growth Volatility | 8.57 |
Taiwan Glass Ind Corp - Net Assets Trend (2000–2025)
This chart illustrates how Taiwan Glass Ind Corp's net assets have evolved over time, based on quarterly financial data. Check 1802 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Taiwan Glass Ind Corp (2000–2025)
The table below shows the annual net assets of Taiwan Glass Ind Corp from 2000 to 2025. For live valuation and market cap data, see how much is Taiwan Glass Ind Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$50.32 Billion ≈ $1.59 Billion |
-2.03% |
| 2024-12-31 | NT$51.37 Billion ≈ $1.62 Billion |
+1.29% |
| 2023-12-31 | NT$50.71 Billion ≈ $1.60 Billion |
-1.84% |
| 2022-12-31 | NT$51.66 Billion ≈ $1.63 Billion |
-10.58% |
| 2021-12-31 | NT$57.77 Billion ≈ $1.82 Billion |
+23.45% |
| 2020-12-31 | NT$46.80 Billion ≈ $1.47 Billion |
+7.93% |
| 2019-12-31 | NT$43.36 Billion ≈ $1.37 Billion |
-9.16% |
| 2018-12-31 | NT$47.73 Billion ≈ $1.50 Billion |
-3.79% |
| 2017-12-31 | NT$49.61 Billion ≈ $1.56 Billion |
+4.99% |
| 2016-12-31 | NT$47.26 Billion ≈ $1.49 Billion |
-0.06% |
| 2015-12-31 | NT$47.29 Billion ≈ $1.49 Billion |
-9.96% |
| 2014-12-31 | NT$52.52 Billion ≈ $1.65 Billion |
+3.49% |
| 2013-12-31 | NT$50.75 Billion ≈ $1.60 Billion |
+6.07% |
| 2012-12-31 | NT$47.84 Billion ≈ $1.51 Billion |
-9.85% |
| 2011-12-31 | NT$53.07 Billion ≈ $1.67 Billion |
+6.29% |
| 2010-12-31 | NT$49.93 Billion ≈ $1.57 Billion |
+10.96% |
| 2009-12-31 | NT$45.00 Billion ≈ $1.42 Billion |
+4.77% |
| 2008-12-31 | NT$42.95 Billion ≈ $1.35 Billion |
-2.82% |
| 2007-12-31 | NT$44.19 Billion ≈ $1.39 Billion |
+18.11% |
| 2006-12-31 | NT$37.42 Billion ≈ $1.18 Billion |
+11.99% |
| 2005-12-31 | NT$33.41 Billion ≈ $1.05 Billion |
+14.43% |
| 2004-12-31 | NT$29.20 Billion ≈ $919.89 Million |
+10.10% |
| 2003-12-31 | NT$26.52 Billion ≈ $835.47 Million |
+5.03% |
| 2002-12-31 | NT$25.25 Billion ≈ $795.47 Million |
+1.92% |
| 2001-12-31 | NT$24.77 Billion ≈ $780.52 Million |
+5.25% |
| 2000-12-31 | NT$23.54 Billion ≈ $741.55 Million |
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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 194.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.63 Billion | 13.92% |
| Common Stock | NT$29.08 Billion | 61.09% |
| Other Comprehensive Income | NT$10.35 Billion | 21.75% |
| Other Components | NT$1.54 Billion | 3.24% |
| Total Equity | NT$47.60 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 |
|---|---|
|
Pangang Group Vanadium Titanium & Resources Co Ltd
SHE:000629
|
$4.19 Billion |
|
Ningbo Shanshan Co Ltd
SHG:600884
|
$4.19 Billion |
|
Hangzhou Lion Electronics Co Ltd
SHG:605358
|
$4.19 Billion |
|
Sk Biopharmaceuticals Co Ltd
KO:326030
|
$4.19 Billion |
|
De Grey Mining Ltd
AU:DEG
|
$4.19 Billion |
|
Companhia Energética de Minas Gerais
F:CID
|
$4.19 Billion |
|
Silgan Holdings Inc
NYSE:SLGN
|
$4.18 Billion |
|
SiteOne Landscape Supply Inc
NYSE:SITE
|
$4.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Glass Ind Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 48,436,671,000 to 47,600,469,000, a change of -836,202,000 (-1.7%).
- Net loss of 590,329,000 reduced equity.
- Dividend payments of 256,000 reduced retained earnings.
- Other comprehensive income decreased equity by 851,409,000.
- Other factors increased equity by 605,792,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-590.33 Million | -1.24% |
| Dividends Paid | NT$256.00K | -0.0% |
| Other Comprehensive Income | NT$-851.41 Million | -1.79% |
| Other Changes | NT$605.79 Million | +1.27% |
| Total Change | NT$- | -1.73% |
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: 2.83x
- 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 3.12x to 2.83x 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$45.70 | x |
| 2007-12-31 | NT$16.61 | NT$45.70 | x |
| 2008-12-31 | NT$16.16 | NT$45.70 | x |
| 2009-12-31 | NT$17.12 | NT$45.70 | x |
| 2010-12-31 | NT$19.07 | NT$45.70 | x |
| 2011-12-31 | NT$20.28 | NT$45.70 | x |
| 2012-12-31 | NT$18.32 | NT$45.70 | x |
| 2013-12-31 | NT$19.50 | NT$45.70 | x |
| 2014-12-31 | NT$20.31 | NT$45.70 | x |
| 2015-12-31 | NT$18.40 | NT$45.70 | x |
| 2016-12-31 | NT$16.73 | NT$45.70 | x |
| 2017-12-31 | NT$15.82 | NT$45.70 | x |
| 2018-12-31 | NT$15.21 | NT$45.70 | x |
| 2019-12-31 | NT$13.81 | NT$45.70 | x |
| 2020-12-31 | NT$15.05 | NT$45.70 | x |
| 2021-12-31 | NT$18.54 | NT$45.70 | x |
| 2022-12-31 | NT$16.66 | NT$45.70 | x |
| 2023-12-31 | NT$16.35 | NT$45.70 | x |
| 2024-12-31 | NT$16.66 | NT$45.70 | x |
| 2025-12-31 | NT$16.13 | NT$45.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Glass Ind Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.42%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.91x
- Recent ROE (-1.24%) is below the historical average (3.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 9.63% | 14.69% | 0.53x | 1.24x | NT$-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 |
| 2025 | -1.24% | -1.42% | 0.46x | 1.91x | NT$-5.35 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: $32,404,551,778
- Average return on equity (ROE) among peers: 4.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Glass Ind Corp (1802) | NT$53.44 Billion | 9.63% | 0.71x | $4.19 Billion |
| Taiwan Cement Corp (1101) | $61.66 Billion | 7.17% | 1.43x | $5.89 Billion |
| Asia Cement Corp (1102) | $154.85 Billion | 3.14% | 0.74x | $3.69 Billion |
| Chia Hsin Cement Corp (1103) | $20.92 Billion | 3.34% | 0.53x | $271.88 Million |
| Universal Cement Corp (1104) | $12.25 Billion | 0.47% | 0.69x | $579.80 Million |
| Lucky Cement Co (1108) | $4.21 Billion | 0.00% | 1.36x | $152.38 Million |
| Hsing Ta Cement Co Ltd (1109) | $6.42 Billion | 10.01% | 0.13x | $148.33 Million |
| Southeast Cement Co Ltd (1110) | $7.99 Billion | 0.10% | 0.17x | $290.26 Million |
| Goldsun Building Materials Co Ltd (2504) | $21.48 Billion | 5.13% | 0.72x | $1.16 Billion |
| Lihtai Construction Enterprise Co Ltd (5520) | $1.86 Billion | 6.66% | 0.30x | $153.43 Million |
About Taiwan Glass Ind Corp
Taiwan Glass Ind. Corp. manufactures, processes, and sells various glass products in Taiwan, China, and internationally. The company operates through Flat-panel, Glassware, and Glass Fibers segments. The company offers float and processed glass; auto glass; ultra-thin glass; photovoltaic glass; and fabric and fiber glass. It also provides liquor, wine and beer, food jar, pepper, spice, sauce, oil… Read more