Tung Ho Steel Enterprise Corp
Tung Ho Steel Enterprise Corporation, together with its subsidiaries, produces and sells steel products in Taiwan. It offers re-bars, such as round bar, screwed re-bar, and deformed steel re-bar products for building projects; and formed steel products, including H-beams, I-beams, channel beams, and U-beams; plate-type steel products. The company also provides processing services, such as rebar c… Read more
Tung Ho Steel Enterprise Corp (2006) - Net Assets
Latest net assets as of September 2025: NT$32.86 Billion TWD
Based on the latest financial reports, Tung Ho Steel Enterprise Corp (2006) has net assets worth NT$32.86 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$51.74 Billion) and total liabilities (NT$18.89 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$32.86 Billion |
| % of Total Assets | 63.5% |
| Annual Growth Rate | 4.72% |
| 5-Year Change | 18.24% |
| 10-Year Change | 41.97% |
| Growth Volatility | 8.78 |
Tung Ho Steel Enterprise Corp - Net Assets Trend (2000–2024)
This chart illustrates how Tung Ho Steel Enterprise 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 Tung Ho Steel Enterprise Corp (2000–2024)
The table below shows the annual net assets of Tung Ho Steel Enterprise Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$32.76 Billion | +5.14% |
| 2023-12-31 | NT$31.16 Billion | +7.77% |
| 2022-12-31 | NT$28.91 Billion | -2.75% |
| 2021-12-31 | NT$29.73 Billion | +7.31% |
| 2020-12-31 | NT$27.71 Billion | +14.02% |
| 2019-12-31 | NT$24.30 Billion | +1.21% |
| 2018-12-31 | NT$24.01 Billion | -0.09% |
| 2017-12-31 | NT$24.03 Billion | +2.04% |
| 2016-12-31 | NT$23.55 Billion | +2.07% |
| 2015-12-31 | NT$23.08 Billion | -0.19% |
| 2014-12-31 | NT$23.12 Billion | -0.58% |
| 2013-12-31 | NT$23.25 Billion | +2.39% |
| 2012-12-31 | NT$22.71 Billion | +2.43% |
| 2011-12-31 | NT$22.17 Billion | +7.63% |
| 2010-12-31 | NT$20.60 Billion | +3.75% |
| 2009-12-31 | NT$19.86 Billion | +6.50% |
| 2008-12-31 | NT$18.64 Billion | -12.55% |
| 2007-12-31 | NT$21.32 Billion | +25.01% |
| 2006-12-31 | NT$17.06 Billion | +19.74% |
| 2005-12-31 | NT$14.24 Billion | +8.06% |
| 2004-12-31 | NT$13.18 Billion | +23.90% |
| 2003-12-31 | NT$10.64 Billion | +5.39% |
| 2002-12-31 | NT$10.09 Billion | +4.97% |
| 2001-12-31 | NT$9.62 Billion | -11.27% |
| 2000-12-31 | NT$10.84 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tung Ho Steel Enterprise 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 2140.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$11.64 Billion | 35.65% |
| Common Stock | NT$7.30 Billion | 22.37% |
| Other Components | NT$13.70 Billion | 41.98% |
| Total Equity | NT$32.64 Billion | 100.00% |
Tung Ho Steel Enterprise Corp Competitors by Market Cap
The table below lists competitors of Tung Ho Steel Enterprise Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Papa John's International Inc
NASDAQ:PZZA
|
$1.04 Billion |
|
Chongqing Zaisheng Tech Corp
SHG:603601
|
$1.04 Billion |
|
Genius Electronic Optical Co Ltd
TW:3406
|
$1.04 Billion |
|
E-Mart
KO:139480
|
$1.04 Billion |
|
Global Health Limited
NSE:MEDANTA
|
$1.04 Billion |
|
Great Lakes Dredge & Dock
NASDAQ:GLDD
|
$1.04 Billion |
|
EVN AG
VI:EVN
|
$1.04 Billion |
|
Pigeon Corporation
F:9N3
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tung Ho Steel Enterprise Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,048,280,000 to 32,639,488,000, a change of 1,591,208,000 (5.1%).
- Net income of 4,479,837,000 contributed positively to equity growth.
- Dividend payments of 3,066,898,000 reduced retained earnings.
- Other comprehensive income decreased equity by 10,487,845,000.
- Other factors increased equity by 10,666,114,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.48 Billion | +13.73% |
| Dividends Paid | NT$3.07 Billion | -9.4% |
| Other Comprehensive Income | NT$-10.49 Billion | -32.13% |
| Other Changes | NT$10.67 Billion | +32.68% |
| Total Change | NT$- | 5.12% |
Book Value vs Market Value Analysis
This analysis compares Tung Ho Steel Enterprise 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: 1.72x
- 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 2.73x to 1.72x 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$28.04 | NT$76.60 | x |
| 2007-12-31 | NT$32.19 | NT$76.60 | x |
| 2008-12-31 | NT$26.87 | NT$76.60 | x |
| 2009-12-31 | NT$29.15 | NT$76.60 | x |
| 2010-12-31 | NT$31.29 | NT$76.60 | x |
| 2011-12-31 | NT$30.41 | NT$76.60 | x |
| 2012-12-31 | NT$30.20 | NT$76.60 | x |
| 2013-12-31 | NT$30.82 | NT$76.60 | x |
| 2014-12-31 | NT$30.98 | NT$76.60 | x |
| 2015-12-31 | NT$31.26 | NT$76.60 | x |
| 2016-12-31 | NT$32.23 | NT$76.60 | x |
| 2017-12-31 | NT$35.53 | NT$76.60 | x |
| 2018-12-31 | NT$33.84 | NT$76.60 | x |
| 2019-12-31 | NT$33.29 | NT$76.60 | x |
| 2020-12-31 | NT$37.63 | NT$76.60 | x |
| 2021-12-31 | NT$40.09 | NT$76.60 | x |
| 2022-12-31 | NT$39.29 | NT$76.60 | x |
| 2023-12-31 | NT$42.38 | NT$76.60 | x |
| 2024-12-31 | NT$44.56 | NT$76.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tung Ho Steel Enterprise Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.45%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.68x
- Recent ROE (13.73%) is above the historical average (10.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 4.85% | 3.25% | 0.60x | 2.49x | NT$-553.32 Million |
| 2002 | 3.14% | 1.86% | 0.72x | 2.36x | NT$-692.06 Million |
| 2003 | 4.76% | 2.57% | 0.82x | 2.26x | NT$-557.64 Million |
| 2004 | 23.86% | 10.05% | 1.23x | 1.93x | NT$1.83 Billion |
| 2005 | 17.75% | 8.72% | 1.13x | 1.80x | NT$1.09 Billion |
| 2006 | 20.79% | 9.93% | 1.24x | 1.69x | NT$1.83 Billion |
| 2007 | 20.71% | 10.55% | 1.26x | 1.56x | NT$2.27 Billion |
| 2008 | 9.33% | 3.31% | 1.58x | 1.78x | NT$-124.55 Million |
| 2009 | 4.46% | 3.67% | 0.61x | 1.98x | NT$-1.09 Billion |
| 2010 | 6.17% | 3.64% | 0.84x | 2.02x | NT$-782.30 Million |
| 2011 | 12.19% | 6.07% | 1.04x | 1.94x | NT$480.68 Million |
| 2012 | 7.74% | 4.40% | 0.97x | 1.81x | NT$-510.44 Million |
| 2013 | 9.15% | 6.03% | 0.88x | 1.73x | NT$-196.76 Million |
| 2014 | 4.61% | 2.96% | 0.94x | 1.67x | NT$-1.24 Billion |
| 2015 | 5.52% | 4.09% | 0.86x | 1.57x | NT$-1.03 Billion |
| 2016 | 6.33% | 5.89% | 0.69x | 1.56x | NT$-861.53 Million |
| 2017 | 7.16% | 5.40% | 0.77x | 1.72x | NT$-680.31 Million |
| 2018 | 3.71% | 2.23% | 0.82x | 2.03x | NT$-1.50 Billion |
| 2019 | 6.47% | 3.49% | 0.94x | 1.97x | NT$-853.89 Million |
| 2020 | 12.95% | 8.31% | 0.96x | 1.62x | NT$811.73 Million |
| 2021 | 19.99% | 10.05% | 1.06x | 1.88x | NT$2.95 Billion |
| 2022 | 13.87% | 6.66% | 1.10x | 1.90x | NT$1.11 Billion |
| 2023 | 15.23% | 7.76% | 1.08x | 1.82x | NT$1.62 Billion |
| 2024 | 13.73% | 7.45% | 1.10x | 1.68x | NT$1.22 Billion |
Industry Comparison
This section compares Tung Ho Steel Enterprise Corp's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $13,040,391,111
- Average return on equity (ROE) among peers: -0.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tung Ho Steel Enterprise Corp (2006) | NT$32.86 Billion | 4.85% | 0.57x | $1.04 Billion |
| 1480 (1480) | $3.18 Billion | 0.46% | 1.04x | $28.61 Million |
| Walsin Lihwa Corp (1605) | $62.20 Billion | -4.32% | 0.82x | $2.92 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $3.58 Billion | 0.00% | 3.75x | $31.36 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $2.62 Billion | 0.00% | 3.66x | $28.78 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $10.15 Billion | 4.10% | 0.66x | $342.51 Million |
| Chun Yu Works & Co Ltd (2012) | $2.58 Billion | 3.92% | 1.85x | $36.48 Million |
| Chung Hung Steel Corp (2014) | $12.53 Billion | -19.54% | 2.05x | $458.80 Million |
| Feng Hsin Steel Co Ltd (2015) | $16.58 Billion | 10.95% | 0.18x | $690.55 Million |
| Quintain Steel Co Ltd (2017) | $3.95 Billion | 0.00% | 0.88x | $71.75 Million |