Shihlin Paper Corp
Shihlin Paper Corporation, together with its subsidiaries, engages in the production and sales of paper-related products in Taiwan, Europe, and Asia. It offers cards for use in playing and game cards; color cards for use in folders and art cards; black boards for applications in speakers, frame, and album boards; and non-coated boards that are used in shoe boxes and environmental cartons. The com… Read more
Shihlin Paper Corp (1903) - Net Assets
Latest net assets as of September 2025: NT$5.16 Billion TWD
Based on the latest financial reports, Shihlin Paper Corp (1903) has net assets worth NT$5.16 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$10.19 Billion) and total liabilities (NT$5.04 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$5.16 Billion |
| % of Total Assets | 50.58% |
| Annual Growth Rate | 1.35% |
| 5-Year Change | 54.55% |
| 10-Year Change | 64.49% |
| Growth Volatility | 34.84 |
Shihlin Paper Corp - Net Assets Trend (2002–2024)
This chart illustrates how Shihlin Paper 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 Shihlin Paper Corp (2002–2024)
The table below shows the annual net assets of Shihlin Paper Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.27 Billion | +22.62% |
| 2023-12-31 | NT$4.30 Billion | -16.71% |
| 2022-12-31 | NT$5.16 Billion | -38.94% |
| 2021-12-31 | NT$8.46 Billion | +147.81% |
| 2020-12-31 | NT$3.41 Billion | +35.43% |
| 2019-12-31 | NT$2.52 Billion | -3.84% |
| 2018-12-31 | NT$2.62 Billion | -9.24% |
| 2017-12-31 | NT$2.89 Billion | -2.66% |
| 2016-12-31 | NT$2.97 Billion | -7.49% |
| 2015-12-31 | NT$3.21 Billion | -12.19% |
| 2014-12-31 | NT$3.65 Billion | -2.20% |
| 2013-12-31 | NT$3.73 Billion | -5.68% |
| 2012-12-31 | NT$3.96 Billion | -2.69% |
| 2011-12-31 | NT$4.07 Billion | -8.70% |
| 2010-12-31 | NT$4.46 Billion | +1.79% |
| 2009-12-31 | NT$4.38 Billion | -3.85% |
| 2008-12-31 | NT$4.55 Billion | -10.01% |
| 2007-12-31 | NT$5.06 Billion | +9.04% |
| 2006-12-31 | NT$4.64 Billion | +1.24% |
| 2005-12-31 | NT$4.58 Billion | -6.68% |
| 2004-12-31 | NT$4.91 Billion | -6.79% |
| 2003-12-31 | NT$5.27 Billion | +34.12% |
| 2002-12-31 | NT$3.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shihlin Paper 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 decreased by 141528300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$2.60 Billion | 49.30% |
| Other Comprehensive Income | NT$4.09 Billion | 77.53% |
| Total Equity | NT$5.27 Billion | 100.00% |
Shihlin Paper Corp Competitors by Market Cap
The table below lists competitors of Shihlin Paper Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Jinfei Kaida Wheel Co Ltd
SHE:002863
|
$268.59 Million |
|
Ever Supreme Bio Technology Co. Ltd
TWO:6712
|
$268.60 Million |
|
Ningbo Jianan Electronics Co Ltd
SHE:300880
|
$268.70 Million |
|
ZINZINO AB B
F:9EE
|
$268.71 Million |
|
Shenzhen Zhongheng Huafa Co Ltd Class A
SHE:000020
|
$268.56 Million |
|
Besalco Sa
SN:BESALCO
|
$268.55 Million |
|
Global Dominion Access S.A
MC:DOM
|
$268.45 Million |
|
Ncs Testing Technology Co Ltd
SHE:300797
|
$268.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shihlin Paper Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,301,465,000 to 5,274,322,000, a change of 972,857,000 (22.6%).
- Net loss of 21,009,000 reduced equity.
- Other comprehensive income increased equity by 993,665,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-21.01 Million | -0.4% |
| Other Comprehensive Income | NT$993.66 Million | +18.84% |
| Other Changes | NT$201.00K | +0.0% |
| Total Change | NT$- | 22.62% |
Book Value vs Market Value Analysis
This analysis compares Shihlin Paper 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: 2.47x
- 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 2.81x to 2.47x 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$17.84 | NT$50.10 | x |
| 2007-12-31 | NT$19.45 | NT$50.10 | x |
| 2008-12-31 | NT$17.51 | NT$50.10 | x |
| 2009-12-31 | NT$16.83 | NT$50.10 | x |
| 2010-12-31 | NT$17.13 | NT$50.10 | x |
| 2011-12-31 | NT$15.64 | NT$50.10 | x |
| 2012-12-31 | NT$15.22 | NT$50.10 | x |
| 2013-12-31 | NT$14.36 | NT$50.10 | x |
| 2014-12-31 | NT$14.04 | NT$50.10 | x |
| 2015-12-31 | NT$12.33 | NT$50.10 | x |
| 2016-12-31 | NT$11.41 | NT$50.10 | x |
| 2017-12-31 | NT$11.10 | NT$50.10 | x |
| 2018-12-31 | NT$10.08 | NT$50.10 | x |
| 2019-12-31 | NT$9.69 | NT$50.10 | x |
| 2020-12-31 | NT$13.12 | NT$50.10 | x |
| 2021-12-31 | NT$32.52 | NT$50.10 | x |
| 2022-12-31 | NT$19.86 | NT$50.10 | x |
| 2023-12-31 | NT$16.54 | NT$50.10 | x |
| 2024-12-31 | NT$20.28 | NT$50.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shihlin Paper Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.49%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.95x
- Recent ROE (-0.40%) is above the historical average (-2.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 1.31% | 2.35% | 0.25x | 2.26x | NT$-341.13 Million |
| 2006 | -0.71% | -1.79% | 0.23x | 1.77x | NT$-496.97 Million |
| 2007 | 5.31% | 9.50% | 0.32x | 1.76x | NT$-237.41 Million |
| 2008 | -2.69% | -5.36% | 0.26x | 1.92x | NT$-577.61 Million |
| 2009 | -5.72% | -14.32% | 0.24x | 1.65x | NT$-688.17 Million |
| 2010 | -3.95% | -8.02% | 0.29x | 1.68x | NT$-621.49 Million |
| 2011 | -2.16% | -3.67% | 0.34x | 1.73x | NT$-494.75 Million |
| 2012 | -4.27% | -7.99% | 0.30x | 1.79x | NT$-565.02 Million |
| 2013 | -4.59% | -8.51% | 0.28x | 1.90x | NT$-544.68 Million |
| 2014 | -12.20% | -28.69% | 0.22x | 1.95x | NT$-810.49 Million |
| 2015 | -4.95% | -77.27% | 0.03x | 2.05x | NT$-479.42 Million |
| 2016 | -6.17% | -262.93% | 0.01x | 2.22x | NT$-479.52 Million |
| 2017 | -5.90% | -91.48% | 0.03x | 2.30x | NT$-459.18 Million |
| 2018 | -6.37% | -76.33% | 0.03x | 2.47x | NT$-428.86 Million |
| 2019 | -8.16% | -121.38% | 0.03x | 2.61x | NT$-457.67 Million |
| 2020 | -4.73% | -101.13% | 0.02x | 2.20x | NT$-502.54 Million |
| 2021 | 1.00% | 25.84% | 0.03x | 1.47x | NT$-761.46 Million |
| 2022 | 4.10% | 128.31% | 0.02x | 1.80x | NT$-304.64 Million |
| 2023 | 2.01% | 50.47% | 0.02x | 2.02x | NT$-343.79 Million |
| 2024 | -0.40% | -13.49% | 0.02x | 1.95x | NT$-548.44 Million |
Industry Comparison
This section compares Shihlin Paper Corp's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $1,958,161,667
- Average return on equity (ROE) among peers: 4.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shihlin Paper Corp (1903) | NT$5.16 Billion | 1.31% | 0.98x | $268.57 Million |
| Farcent Enterprise Co Ltd (1730) | $1.11 Billion | 10.36% | 0.53x | $50.96 Million |
| Mao Bao Inc (1732) | $464.20 Million | 5.44% | 0.28x | $15.99 Million |
| Taiyen Biotech Co Ltd (1737) | $6.57 Billion | 3.19% | 0.05x | $103.31 Million |
| Sanitar Co Ltd (1817) | $1.49 Billion | 15.47% | 0.23x | $56.41 Million |
| Jia Wei Lifestyle Inc (3557) | $778.16 Million | -13.00% | 0.45x | $39.15 Million |
| Chlitina Holding Ltd (4137) | $4.11 Billion | 29.63% | 0.55x | $176.21 Million |
| Jourdeness Group Ltd (4190) | $1.77 Billion | -16.49% | 3.17x | $20.26 Million |
| Kuangli Photoelectric Technology Co Ltd (6431) | $398.69 Million | -4.73% | 0.12x | $39.19 Million |
| Nan Liu Enterprise Co Ltd (6504) | $929.70 Million | 15.00% | 2.02x | $37.29 Million |