Tung Ho Steel Enterprise Corp (2006) - Net Assets
Based on the latest financial reports, Tung Ho Steel Enterprise Corp (2006) has net assets worth NT$32.55 Billion TWD (≈ $1.03 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$51.96 Billion ≈ $1.64 Billion USD) and total liabilities (NT$19.41 Billion ≈ $611.38 Million 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 tangible net worth ratio of Tung Ho Steel Enterprise Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$32.55 Billion |
| % of Total Assets | 62.65% |
| Annual Growth Rate | 4.74% |
| 5-Year Change | 15.91% |
| 10-Year Change | 46.32% |
| Growth Volatility | 8.61 |
Tung Ho Steel Enterprise Corp - Net Assets Trend (2000–2025)
This chart illustrates how Tung Ho Steel Enterprise Corp's net assets have evolved over time, based on quarterly financial data. See Tung Ho Steel Enterprise Corp defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tung Ho Steel Enterprise Corp (2000–2025)
The table below shows the annual net assets of Tung Ho Steel Enterprise Corp from 2000 to 2025. For live valuation and market cap data, see Tung Ho Steel Enterprise Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$34.46 Billion ≈ $1.09 Billion |
+5.19% |
| 2024-12-31 | NT$32.76 Billion ≈ $1.03 Billion |
+5.14% |
| 2023-12-31 | NT$31.16 Billion ≈ $981.75 Million |
+7.77% |
| 2022-12-31 | NT$28.91 Billion ≈ $910.97 Million |
-2.75% |
| 2021-12-31 | NT$29.73 Billion ≈ $936.74 Million |
+7.31% |
| 2020-12-31 | NT$27.71 Billion ≈ $872.95 Million |
+14.02% |
| 2019-12-31 | NT$24.30 Billion ≈ $765.63 Million |
+1.21% |
| 2018-12-31 | NT$24.01 Billion ≈ $756.47 Million |
-0.09% |
| 2017-12-31 | NT$24.03 Billion ≈ $757.17 Million |
+2.04% |
| 2016-12-31 | NT$23.55 Billion ≈ $742.04 Million |
+2.07% |
| 2015-12-31 | NT$23.08 Billion ≈ $727.02 Million |
-0.19% |
| 2014-12-31 | NT$23.12 Billion ≈ $728.41 Million |
-0.58% |
| 2013-12-31 | NT$23.25 Billion ≈ $732.64 Million |
+2.39% |
| 2012-12-31 | NT$22.71 Billion ≈ $715.52 Million |
+2.43% |
| 2011-12-31 | NT$22.17 Billion ≈ $698.55 Million |
+7.63% |
| 2010-12-31 | NT$20.60 Billion ≈ $649.05 Million |
+3.75% |
| 2009-12-31 | NT$19.86 Billion ≈ $625.59 Million |
+6.50% |
| 2008-12-31 | NT$18.64 Billion ≈ $587.41 Million |
-12.55% |
| 2007-12-31 | NT$21.32 Billion ≈ $671.74 Million |
+25.01% |
| 2006-12-31 | NT$17.06 Billion ≈ $537.35 Million |
+19.74% |
| 2005-12-31 | NT$14.24 Billion ≈ $448.75 Million |
+8.06% |
| 2004-12-31 | NT$13.18 Billion ≈ $415.27 Million |
+23.90% |
| 2003-12-31 | NT$10.64 Billion ≈ $335.17 Million |
+5.39% |
| 2002-12-31 | NT$10.09 Billion ≈ $318.03 Million |
+4.97% |
| 2001-12-31 | NT$9.62 Billion ≈ $302.99 Million |
-11.27% |
| 2000-12-31 | NT$10.84 Billion ≈ $341.48 Million |
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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 2465.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$13.33 Billion | 38.80% |
| Common Stock | NT$7.30 Billion | 21.26% |
| Other Comprehensive Income | NT$11.37 Billion | 33.10% |
| Other Components | NT$2.35 Billion | 6.84% |
| Total Equity | NT$34.35 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 |
|---|---|
|
AKSO HEALTH GR. (SPADR)/3
F:8HX
|
$1.60 Billion |
|
Goldlok Toys Holdings Guangdong Co Ltd
SHE:002348
|
$1.60 Billion |
|
Bank First National Corp
NASDAQ:BFC
|
$1.60 Billion |
|
Ingersoll Rand (India) Limited
NSE:INGERRAND
|
$1.60 Billion |
|
China National Accord Medicines Corp Ltd
SHE:000028
|
$1.60 Billion |
|
Zoomlion Heavy Industry Science and Technology Co. Ltd
F:8CZ
|
$1.60 Billion |
|
Sanbo Hospital Management Group Ltd. A
SHE:301293
|
$1.60 Billion |
|
Graubuendner Kantonalbank
SW:GRKP
|
$1.60 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 2024 to 2025, total equity changed from 32,639,488,000 to 34,345,972,000, a change of 1,706,484,000 (5.2%).
- Net income of 4,720,934,000 contributed positively to equity growth.
- Dividend payments of 2,920,855,000 reduced retained earnings.
- Other comprehensive income increased equity by 11,369,613,000.
- Other factors decreased equity by 11,463,208,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.72 Billion | +13.75% |
| Dividends Paid | NT$2.92 Billion | -8.5% |
| Other Comprehensive Income | NT$11.37 Billion | +33.1% |
| Other Changes | NT$-11.46 Billion | -33.38% |
| Total Change | NT$- | 5.23% |
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: 1.49x
- 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 2.48x to 1.49x 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$69.60 | x |
| 2007-12-31 | NT$32.19 | NT$69.60 | x |
| 2008-12-31 | NT$26.87 | NT$69.60 | x |
| 2009-12-31 | NT$29.15 | NT$69.60 | x |
| 2010-12-31 | NT$31.29 | NT$69.60 | x |
| 2011-12-31 | NT$30.41 | NT$69.60 | x |
| 2012-12-31 | NT$30.20 | NT$69.60 | x |
| 2013-12-31 | NT$30.82 | NT$69.60 | x |
| 2014-12-31 | NT$30.98 | NT$69.60 | x |
| 2015-12-31 | NT$31.26 | NT$69.60 | x |
| 2016-12-31 | NT$32.23 | NT$69.60 | x |
| 2017-12-31 | NT$35.53 | NT$69.60 | x |
| 2018-12-31 | NT$33.84 | NT$69.60 | x |
| 2019-12-31 | NT$33.29 | NT$69.60 | x |
| 2020-12-31 | NT$37.63 | NT$69.60 | x |
| 2021-12-31 | NT$40.09 | NT$69.60 | x |
| 2022-12-31 | NT$39.29 | NT$69.60 | x |
| 2023-12-31 | NT$42.38 | NT$69.60 | x |
| 2024-12-31 | NT$44.56 | NT$69.60 | x |
| 2025-12-31 | NT$46.70 | NT$69.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tung Ho Steel Enterprise Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.75%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.16%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 1.51x
- Recent ROE (13.75%) is above the historical average (10.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 4.85% | 3.25% | 0.60x | 2.49x | NT$-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 |
| 2025 | 13.75% | 8.16% | 1.11x | 1.51x | NT$1.29 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: $91,549,259,444
- Average return on equity (ROE) among peers: 6.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tung Ho Steel Enterprise Corp (2006) | NT$32.55 Billion | 4.85% | 0.60x | $1.60 Billion |
| Walsin Lihwa Corp (1605) | $62.20 Billion | -4.32% | 0.82x | $5.69 Billion |
| China Steel Corp (2002) | $386.96 Billion | 16.04% | 0.78x | $9.36 Billion |
| China Steel Corp Pref (2002A) | $331.95 Billion | 5.09% | 1.01x | $46.18 Million |
| Yieh Hsing Enterprise Co Ltd (2007) | $6.37 Billion | -10.08% | 2.70x | $124.55 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $3.51 Billion | 5.34% | 0.63x | $185.20 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $9.07 Billion | 10.44% | 1.12x | $505.02 Million |
| Chun Yu Works & Co Ltd (2012) | $3.94 Billion | 3.99% | 1.28x | $134.36 Million |
| China Steel Structure Co Ltd (2013) | $5.18 Billion | 9.53% | 1.68x | $270.63 Million |
| Chung Hung Steel Corp (2014) | $14.76 Billion | 20.55% | 1.26x | $805.05 Million |
About 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