YFY Inc
YFY Inc., an investment holding company, manufactures and sells paper and paper-related products in Taiwan. It provides forest, fine paper, and board products; industrial paper and paper containers, such as kraft paper and corrugated paper, corrugated cardboard boxes, corrugated cardboard, colored cardboard boxes and containers, food containers, and paper pallet; and household paper and tissue pa… Read more
YFY Inc (1907) - Net Assets
Latest net assets as of September 2025: NT$84.39 Billion TWD
Based on the latest financial reports, YFY Inc (1907) has net assets worth NT$84.39 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$164.85 Billion) and total liabilities (NT$80.46 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$84.39 Billion |
| % of Total Assets | 51.19% |
| Annual Growth Rate | 7.28% |
| 5-Year Change | 41.71% |
| 10-Year Change | 82.43% |
| Growth Volatility | 11.02 |
YFY Inc - Net Assets Trend (2000–2024)
This chart illustrates how YFY Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for YFY Inc (2000–2024)
The table below shows the annual net assets of YFY Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$82.60 Billion | +11.51% |
| 2023-12-31 | NT$74.07 Billion | +6.43% |
| 2022-12-31 | NT$69.59 Billion | +5.76% |
| 2021-12-31 | NT$65.81 Billion | +12.90% |
| 2020-12-31 | NT$58.29 Billion | +14.78% |
| 2019-12-31 | NT$50.78 Billion | +8.20% |
| 2018-12-31 | NT$46.93 Billion | +7.83% |
| 2017-12-31 | NT$43.53 Billion | +4.52% |
| 2016-12-31 | NT$41.64 Billion | -8.03% |
| 2015-12-31 | NT$45.28 Billion | -9.15% |
| 2014-12-31 | NT$49.84 Billion | +14.38% |
| 2013-12-31 | NT$43.57 Billion | +8.20% |
| 2012-12-31 | NT$40.27 Billion | +28.17% |
| 2011-12-31 | NT$31.42 Billion | +3.94% |
| 2010-12-31 | NT$30.23 Billion | +13.08% |
| 2009-12-31 | NT$26.73 Billion | +34.52% |
| 2008-12-31 | NT$19.87 Billion | -17.10% |
| 2007-12-31 | NT$23.97 Billion | -1.30% |
| 2006-12-31 | NT$24.29 Billion | +7.28% |
| 2005-12-31 | NT$22.64 Billion | +22.65% |
| 2004-12-31 | NT$18.46 Billion | +3.13% |
| 2003-12-31 | NT$17.90 Billion | +13.31% |
| 2002-12-31 | NT$15.79 Billion | +2.75% |
| 2001-12-31 | NT$15.37 Billion | +0.55% |
| 2000-12-31 | NT$15.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to YFY Inc'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 3442.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$23.51 Billion | 35.62% |
| Common Stock | NT$16.60 Billion | 25.16% |
| Other Comprehensive Income | NT$22.02 Billion | 33.36% |
| Other Components | NT$3.87 Billion | 5.86% |
| Total Equity | NT$66.00 Billion | 100.00% |
YFY Inc Competitors by Market Cap
The table below lists competitors of YFY Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hanwa Co., Ltd.
PINK:HNWAF
|
$906.63 Million |
|
Limin Chemical Co Ltd
SHE:002734
|
$906.65 Million |
|
Longwell Co
TWO:6290
|
$906.71 Million |
|
Natco Pharma Limited
NSE:NATCOPHARM
|
$906.95 Million |
|
Arcadyan Technology Corp
TW:3596
|
$906.04 Million |
|
Krungthai Card PCL
BK:KTC
|
$905.79 Million |
|
Focus Technology Co Ltd
SHE:002315
|
$904.68 Million |
|
Shandong Laiwu Jinlei Wind Power Technology Co Ltd
SHE:300443
|
$904.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in YFY Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 58,472,583,000 to 66,000,458,000, a change of 7,527,875,000 (12.9%).
- Net income of 1,631,190,000 contributed positively to equity growth.
- Dividend payments of 1,494,334,000 reduced retained earnings.
- Other comprehensive income increased equity by 7,104,871,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.63 Billion | +2.47% |
| Dividends Paid | NT$1.49 Billion | -2.26% |
| Other Comprehensive Income | NT$7.10 Billion | +10.76% |
| Other Changes | NT$286.15 Million | +0.43% |
| Total Change | NT$- | 12.87% |
Book Value vs Market Value Analysis
This analysis compares YFY Inc'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: 0.61x
- 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 1.84x to 0.61x 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$13.24 | NT$24.40 | x |
| 2007-12-31 | NT$13.12 | NT$24.40 | x |
| 2008-12-31 | NT$10.68 | NT$24.40 | x |
| 2009-12-31 | NT$14.71 | NT$24.40 | x |
| 2010-12-31 | NT$15.20 | NT$24.40 | x |
| 2011-12-31 | NT$15.69 | NT$24.40 | x |
| 2012-12-31 | NT$17.08 | NT$24.40 | x |
| 2013-12-31 | NT$20.23 | NT$24.40 | x |
| 2014-12-31 | NT$23.94 | NT$24.40 | x |
| 2015-12-31 | NT$21.41 | NT$24.40 | x |
| 2016-12-31 | NT$19.38 | NT$24.40 | x |
| 2017-12-31 | NT$20.01 | NT$24.40 | x |
| 2018-12-31 | NT$21.36 | NT$24.40 | x |
| 2019-12-31 | NT$23.64 | NT$24.40 | x |
| 2020-12-31 | NT$27.09 | NT$24.40 | x |
| 2021-12-31 | NT$30.83 | NT$24.40 | x |
| 2022-12-31 | NT$32.90 | NT$24.40 | x |
| 2023-12-31 | NT$35.21 | NT$24.40 | x |
| 2024-12-31 | NT$39.75 | NT$24.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently YFY Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.08%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 2.45x
- Recent ROE (2.47%) is below the historical average (5.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 3.89% | 2.71% | 0.67x | 2.14x | NT$-931.18 Million |
| 2001 | 2.66% | 1.95% | 0.64x | 2.14x | NT$-1.12 Billion |
| 2002 | 4.25% | 3.06% | 0.65x | 2.13x | NT$-903.14 Million |
| 2003 | 12.55% | 8.98% | 0.70x | 2.00x | NT$455.38 Million |
| 2004 | 12.14% | 7.97% | 0.73x | 2.08x | NT$394.59 Million |
| 2005 | 6.89% | 4.33% | 0.63x | 2.54x | NT$-634.44 Million |
| 2006 | 5.07% | 2.83% | 0.70x | 2.55x | NT$-1.08 Billion |
| 2007 | 5.06% | 2.53% | 0.71x | 2.82x | NT$-1.08 Billion |
| 2008 | -2.00% | -0.78% | 0.76x | 3.36x | NT$-2.13 Billion |
| 2009 | 7.50% | 4.38% | 0.63x | 2.70x | NT$-611.02 Million |
| 2010 | 5.77% | 2.84% | 0.74x | 2.73x | NT$-1.07 Billion |
| 2011 | 7.68% | 3.74% | 0.73x | 2.80x | NT$-604.21 Million |
| 2012 | 3.85% | 2.02% | 0.61x | 3.10x | NT$-1.75 Billion |
| 2013 | 1.82% | 1.08% | 0.56x | 2.99x | NT$-2.75 Billion |
| 2014 | 1.52% | 0.99% | 0.54x | 2.82x | NT$-3.37 Billion |
| 2015 | 1.41% | 0.79% | 0.56x | 3.19x | NT$-3.05 Billion |
| 2016 | 0.39% | 0.20% | 0.57x | 3.44x | NT$-3.09 Billion |
| 2017 | 4.83% | 2.41% | 0.59x | 3.39x | NT$-1.72 Billion |
| 2018 | 4.06% | 1.88% | 0.65x | 3.33x | NT$-2.11 Billion |
| 2019 | 5.82% | 3.06% | 0.62x | 3.09x | NT$-1.64 Billion |
| 2020 | 11.58% | 7.11% | 0.59x | 2.75x | NT$710.55 Million |
| 2021 | 15.16% | 9.10% | 0.63x | 2.66x | NT$2.64 Billion |
| 2022 | 3.97% | 2.72% | 0.57x | 2.55x | NT$-3.29 Billion |
| 2023 | 3.12% | 2.47% | 0.51x | 2.47x | NT$-4.02 Billion |
| 2024 | 2.47% | 2.08% | 0.49x | 2.45x | NT$-4.97 Billion |
Industry Comparison
This section compares YFY Inc's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $15,970,604,250
- Average return on equity (ROE) among peers: 6.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| YFY Inc (1907) | NT$84.39 Billion | 3.89% | 0.95x | $906.16 Million |
| Cheng Loong Corp (1904) | $26.79 Billion | 13.92% | 1.28x | $350.61 Million |
| Chung Hwa Pulp Corp (1905) | $19.10 Billion | 4.08% | 0.59x | $136.53 Million |
| Baolong International Co Ltd (1906) | $2.01 Billion | 2.18% | 0.29x | $26.04 Million |
| Long Chen Paper Co Ltd (1909) | $15.98 Billion | 5.47% | 1.97x | $187.28 Million |