Cheng Loong Corp (1904) - Net Assets
Based on the latest financial reports, Cheng Loong Corp (1904) has net assets worth NT$30.03 Billion TWD (≈ $946.23 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$71.98 Billion ≈ $2.27 Billion USD) and total liabilities (NT$41.95 Billion ≈ $1.32 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. Check Cheng Loong Corp tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$30.03 Billion |
| % of Total Assets | 41.72% |
| Annual Growth Rate | 3.28% |
| 5-Year Change | 5.75% |
| 10-Year Change | 33.32% |
| Growth Volatility | 5.68 |
Cheng Loong Corp - Net Assets Trend (2000–2025)
This chart illustrates how Cheng Loong Corp's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Cheng Loong Corp to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cheng Loong Corp (2000–2025)
The table below shows the annual net assets of Cheng Loong Corp from 2000 to 2025. For live valuation and market cap data, see Cheng Loong Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$30.03 Billion ≈ $946.23 Million |
-1.43% |
| 2024-12-31 | NT$30.47 Billion ≈ $959.97 Million |
+2.59% |
| 2023-12-31 | NT$29.70 Billion ≈ $935.76 Million |
+1.38% |
| 2022-12-31 | NT$29.30 Billion ≈ $923.04 Million |
+3.16% |
| 2021-12-31 | NT$28.40 Billion ≈ $894.76 Million |
+6.02% |
| 2020-12-31 | NT$26.79 Billion ≈ $843.92 Million |
+4.80% |
| 2019-12-31 | NT$25.56 Billion ≈ $805.25 Million |
+5.75% |
| 2018-12-31 | NT$24.17 Billion ≈ $761.45 Million |
+8.38% |
| 2017-12-31 | NT$22.30 Billion ≈ $702.55 Million |
-1.01% |
| 2016-12-31 | NT$22.53 Billion ≈ $709.75 Million |
-2.48% |
| 2015-12-31 | NT$23.10 Billion ≈ $727.78 Million |
+1.06% |
| 2014-12-31 | NT$22.86 Billion ≈ $720.14 Million |
-1.40% |
| 2013-12-31 | NT$23.18 Billion ≈ $730.33 Million |
+6.11% |
| 2012-12-31 | NT$21.85 Billion ≈ $688.30 Million |
-1.47% |
| 2011-12-31 | NT$22.17 Billion ≈ $698.53 Million |
+6.80% |
| 2010-12-31 | NT$20.76 Billion ≈ $654.08 Million |
+2.01% |
| 2009-12-31 | NT$20.35 Billion ≈ $641.21 Million |
+6.62% |
| 2008-12-31 | NT$19.09 Billion ≈ $601.38 Million |
+0.80% |
| 2007-12-31 | NT$18.94 Billion ≈ $596.61 Million |
+19.37% |
| 2006-12-31 | NT$15.86 Billion ≈ $499.80 Million |
-10.18% |
| 2005-12-31 | NT$17.66 Billion ≈ $556.44 Million |
+9.80% |
| 2004-12-31 | NT$16.09 Billion ≈ $506.78 Million |
+12.66% |
| 2003-12-31 | NT$14.28 Billion ≈ $449.84 Million |
+6.22% |
| 2002-12-31 | NT$13.44 Billion ≈ $423.48 Million |
-0.06% |
| 2001-12-31 | NT$13.45 Billion ≈ $423.75 Million |
+0.40% |
| 2000-12-31 | NT$13.40 Billion ≈ $422.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cheng Loong 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 634.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$13.67 Billion | 46.64% |
| Common Stock | NT$11.08 Billion | 37.82% |
| Other Comprehensive Income | NT$3.84 Billion | 13.10% |
| Other Components | NT$715.01 Million | 2.44% |
| Total Equity | NT$29.30 Billion | 100.00% |
Cheng Loong Corp Competitors by Market Cap
The table below lists competitors of Cheng Loong Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RHOEN-KLINIK.UNSP.ADR 1/2
F:RHKU
|
$803.26 Million |
|
Baotou Huazi Industry Co Ltd
SHG:600191
|
$803.99 Million |
|
GUANGDONG HK GR BA.HD-01
F:16H0
|
$804.32 Million |
|
Sansiri Public Company Limited
BK:SIRI-R
|
$804.36 Million |
|
Mesnac Co Ltd
SHE:002073
|
$802.79 Million |
|
Westlake Chemical Partners LP
NYSE:WLKP
|
$802.55 Million |
|
Marimaca Copper Corp.
AU:MC2
|
$802.26 Million |
|
Shenandoah Telecommunications Co
NASDAQ:SHEN
|
$802.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cheng Loong Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 29,530,770,000 to 29,304,125,000, a change of -226,645,000 (-0.8%).
- Net income of 823,018,000 contributed positively to equity growth.
- Dividend payments of 498,724,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,837,517,000.
- Other factors decreased equity by 4,388,456,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$823.02 Million | +2.81% |
| Dividends Paid | NT$498.72 Million | -1.7% |
| Other Comprehensive Income | NT$3.84 Billion | +13.1% |
| Other Changes | NT$-4.39 Billion | -14.98% |
| Total Change | NT$- | -0.77% |
Book Value vs Market Value Analysis
This analysis compares Cheng Loong 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: 0.85x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.59x to 0.85x 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$14.46 | NT$23.00 | x |
| 2005-12-31 | NT$14.18 | NT$23.00 | x |
| 2006-12-31 | NT$14.26 | NT$23.00 | x |
| 2007-12-31 | NT$14.33 | NT$23.00 | x |
| 2008-12-31 | NT$14.39 | NT$23.00 | x |
| 2009-12-31 | NT$15.56 | NT$23.00 | x |
| 2010-12-31 | NT$15.87 | NT$23.00 | x |
| 2011-12-31 | NT$16.61 | NT$23.00 | x |
| 2012-12-31 | NT$16.28 | NT$23.00 | x |
| 2013-12-31 | NT$17.32 | NT$23.00 | x |
| 2014-12-31 | NT$17.39 | NT$23.00 | x |
| 2015-12-31 | NT$17.73 | NT$23.00 | x |
| 2016-12-31 | NT$17.63 | NT$23.00 | x |
| 2017-12-31 | NT$17.95 | NT$23.00 | x |
| 2018-12-31 | NT$20.21 | NT$23.00 | x |
| 2019-12-31 | NT$21.35 | NT$23.00 | x |
| 2020-12-31 | NT$22.85 | NT$23.00 | x |
| 2021-12-31 | NT$24.52 | NT$23.00 | x |
| 2022-12-31 | NT$25.48 | NT$23.00 | x |
| 2023-12-31 | NT$25.98 | NT$23.00 | x |
| 2024-12-31 | NT$26.60 | NT$23.00 | x |
| 2025-12-31 | NT$27.14 | NT$23.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cheng Loong Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.91%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 2.46x
- Recent ROE (2.81%) is below the historical average (6.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 7.71% | 5.18% | 0.68x | 2.18x | NT$-284.54 Million |
| 2002 | 6.74% | 5.55% | 0.68x | 1.77x | NT$-438.15 Million |
| 2003 | 8.66% | 6.59% | 0.79x | 1.66x | NT$-191.86 Million |
| 2004 | 6.83% | 5.49% | 0.79x | 1.57x | NT$-509.11 Million |
| 2005 | 2.53% | 1.56% | 0.74x | 2.19x | NT$-1.18 Billion |
| 2006 | 4.86% | 3.57% | 0.85x | 1.60x | NT$-814.96 Million |
| 2007 | 3.79% | 1.82% | 0.77x | 2.71x | NT$-989.82 Million |
| 2008 | 0.60% | 0.27% | 0.78x | 2.78x | NT$-1.48 Billion |
| 2009 | 6.73% | 3.69% | 0.70x | 2.61x | NT$-546.23 Million |
| 2010 | 9.21% | 4.05% | 0.81x | 2.79x | NT$-134.21 Million |
| 2011 | 5.14% | 2.09% | 0.76x | 3.24x | NT$-866.52 Million |
| 2012 | 6.45% | 2.45% | 0.80x | 3.27x | NT$-619.60 Million |
| 2013 | 6.46% | 2.75% | 0.76x | 3.09x | NT$-657.60 Million |
| 2014 | 4.02% | 1.68% | 0.78x | 3.07x | NT$-1.12 Billion |
| 2015 | 5.94% | 2.70% | 0.74x | 2.99x | NT$-800.93 Million |
| 2016 | 6.62% | 3.23% | 0.68x | 2.99x | NT$-662.79 Million |
| 2017 | 7.20% | 3.63% | 0.66x | 3.02x | NT$-558.33 Million |
| 2018 | 16.65% | 9.09% | 0.69x | 2.67x | NT$1.50 Billion |
| 2019 | 9.71% | 5.70% | 0.68x | 2.50x | NT$-68.56 Million |
| 2020 | 14.67% | 9.30% | 0.66x | 2.40x | NT$1.19 Billion |
| 2021 | 14.54% | 8.81% | 0.68x | 2.44x | NT$1.24 Billion |
| 2022 | 8.89% | 5.74% | 0.63x | 2.47x | NT$-314.28 Million |
| 2023 | 3.20% | 2.19% | 0.60x | 2.45x | NT$-1.96 Billion |
| 2024 | 2.05% | 1.34% | 0.62x | 2.46x | NT$-2.35 Billion |
| 2025 | 2.81% | 1.91% | 0.60x | 2.46x | NT$-2.11 Billion |
Industry Comparison
This section compares Cheng Loong Corp's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $17,170,324,500
- Average return on equity (ROE) among peers: 3.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cheng Loong Corp (1904) | NT$30.03 Billion | 7.71% | 1.40x | $803.08 Million |
| Chung Hwa Pulp Corp (1905) | $9.98 Billion | 0.11% | 0.45x | $540.29 Million |
| Baolong International Co Ltd (1906) | $1.13 Billion | 0.00% | 0.59x | $54.00 Million |
| YFY Inc (1907) | $30.23 Billion | 4.82% | 1.28x | $1.44 Billion |
| Long Chen Paper Co Ltd (1909) | $27.35 Billion | 8.60% | 1.85x | $413.44 Million |
About Cheng Loong Corp
Cheng Loong Corporation manufactures and sells paper products in Taiwan, Mainland China, and Southeast Asia. The company offers paperboard products, including containerboard, linerboard, coated duplex board, corrugating medium, white top linerboard, and coreboard; and corrugated containers, such as corrugated boards, display and waterproof container, and paper pallets. It provides household paper… Read more