Kao Hsiung Chang Iron & Steel Corp
Kao Hsing Chang Iron & Steel Corp. engages in the manufacturing, processing, and trading of various steel pipes and hot-rolled steel coils in Taiwan, the United States, and Japan. The company also engages in the manufacturing of metal building structures and components; and leasing and parking lot management businesses. Kao Hsing Chang Iron & Steel Corp. was founded in 1966 and is headquartered i… Read more
Kao Hsiung Chang Iron & Steel Corp (2008) - Net Assets
Latest net assets as of September 2025: NT$3.56 Billion TWD
Based on the latest financial reports, Kao Hsiung Chang Iron & Steel Corp (2008) has net assets worth NT$3.56 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$8.00 Billion) and total liabilities (NT$4.44 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$3.56 Billion |
| % of Total Assets | 44.46% |
| Annual Growth Rate | 0.24% |
| 5-Year Change | 27.79% |
| 10-Year Change | 0.98% |
| Growth Volatility | 383.81 |
Kao Hsiung Chang Iron & Steel Corp - Net Assets Trend (2002–2024)
This chart illustrates how Kao Hsiung Chang Iron & Steel 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 Kao Hsiung Chang Iron & Steel Corp (2002–2024)
The table below shows the annual net assets of Kao Hsiung Chang Iron & Steel Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.54 Billion | +2.75% |
| 2023-12-31 | NT$3.45 Billion | +22.45% |
| 2022-12-31 | NT$2.82 Billion | -5.19% |
| 2021-12-31 | NT$2.97 Billion | +7.12% |
| 2020-12-31 | NT$2.77 Billion | +13.40% |
| 2019-12-31 | NT$2.44 Billion | +3.25% |
| 2018-12-31 | NT$2.37 Billion | -10.75% |
| 2017-12-31 | NT$2.65 Billion | -12.88% |
| 2016-12-31 | NT$3.05 Billion | -13.20% |
| 2015-12-31 | NT$3.51 Billion | -4.41% |
| 2014-12-31 | NT$3.67 Billion | -10.29% |
| 2013-12-31 | NT$4.09 Billion | +1831.19% |
| 2012-12-31 | NT$211.81 Million | -79.95% |
| 2011-12-31 | NT$1.06 Billion | -39.02% |
| 2010-12-31 | NT$1.73 Billion | -16.32% |
| 2009-12-31 | NT$2.07 Billion | -6.29% |
| 2008-12-31 | NT$2.21 Billion | -6.95% |
| 2007-12-31 | NT$2.37 Billion | -9.36% |
| 2006-12-31 | NT$2.62 Billion | -4.68% |
| 2005-12-31 | NT$2.75 Billion | -37.48% |
| 2004-12-31 | NT$4.39 Billion | +20.70% |
| 2003-12-31 | NT$3.64 Billion | +8.47% |
| 2002-12-31 | NT$3.36 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kao Hsiung Chang Iron & Steel 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 97192500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$971.92 Million | 27.44% |
| Common Stock | NT$1.91 Billion | 53.88% |
| Other Comprehensive Income | NT$661.96 Million | 18.69% |
| Total Equity | NT$3.54 Billion | 100.00% |
Kao Hsiung Chang Iron & Steel Corp Competitors by Market Cap
The table below lists competitors of Kao Hsiung Chang Iron & Steel Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Snowman Logistics Limited
NSE:SNOWMAN
|
$28.78 Million |
|
Hae In
KO:003010
|
$28.80 Million |
|
Millennial Potash Corp.
OTCQB:MLPNF
|
$28.80 Million |
|
Mineralbrunnen Überkingen-Teinach GmbH & Co. KGaA
F:MUT3
|
$28.81 Million |
|
Borosil Scientific
NSE:BOROSCI
|
$28.77 Million |
|
Universal Textile Co Ltd
TW:1445
|
$28.75 Million |
|
Ohmyhome Limited Ordinary Shares
NASDAQ:OMH
|
$28.74 Million |
|
MIRC Electronics Limited
NSE:MIRCELECTR
|
$28.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kao Hsiung Chang Iron & Steel Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,447,600,000 to 3,542,409,000, a change of 94,809,000 (2.8%).
- Net income of 48,730,000 contributed positively to equity growth.
- Dividend payments of 189,632,000 reduced retained earnings.
- Share repurchases of 124,000 reduced equity.
- Other comprehensive income increased equity by 72,303,000.
- Other factors increased equity by 163,532,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$48.73 Million | +1.38% |
| Dividends Paid | NT$189.63 Million | -5.35% |
| Share Repurchases | NT$124.00K | -0.0% |
| Other Comprehensive Income | NT$72.30 Million | +2.04% |
| Other Changes | NT$163.53 Million | +4.62% |
| Total Change | NT$- | 2.75% |
Book Value vs Market Value Analysis
This analysis compares Kao Hsiung Chang Iron & Steel 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: 1.52x
- 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 5.35x to 1.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$5.27 | NT$28.20 | x |
| 2010-12-31 | NT$4.37 | NT$28.20 | x |
| 2011-12-31 | NT$2.49 | NT$28.20 | x |
| 2012-12-31 | NT$0.50 | NT$28.20 | x |
| 2013-12-31 | NT$10.18 | NT$28.20 | x |
| 2014-12-31 | NT$13.32 | NT$28.20 | x |
| 2015-12-31 | NT$12.73 | NT$28.20 | x |
| 2016-12-31 | NT$12.33 | NT$28.20 | x |
| 2017-12-31 | NT$12.02 | NT$28.20 | x |
| 2018-12-31 | NT$11.79 | NT$28.20 | x |
| 2019-12-31 | NT$12.17 | NT$28.20 | x |
| 2020-12-31 | NT$13.80 | NT$28.20 | x |
| 2021-12-31 | NT$14.78 | NT$28.20 | x |
| 2022-12-31 | NT$14.02 | NT$28.20 | x |
| 2023-12-31 | NT$17.83 | NT$28.20 | x |
| 2024-12-31 | NT$18.56 | NT$28.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kao Hsiung Chang Iron & Steel Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.34%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 2.22x
- Recent ROE (1.38%) is above the historical average (-20.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.11% | 1.28% | 0.69x | 3.52x | NT$-231.25 Million |
| 2003 | 5.55% | 1.99% | 0.84x | 3.32x | NT$-162.05 Million |
| 2004 | 13.13% | 4.26% | 1.03x | 2.99x | NT$137.62 Million |
| 2007 | 4.04% | 0.86% | 1.04x | 4.52x | NT$-140.18 Million |
| 2009 | -20.54% | -6.50% | 0.70x | 4.50x | NT$-625.08 Million |
| 2010 | -45.99% | -11.56% | 0.78x | 5.10x | NT$-969.87 Million |
| 2011 | -59.14% | -11.94% | 0.65x | 7.60x | NT$-730.39 Million |
| 2012 | -419.18% | -40.14% | 0.32x | 32.95x | NT$-909.05 Million |
| 2013 | 128.11% | 404.17% | 0.26x | 1.20x | NT$4.83 Billion |
| 2014 | -10.06% | -24.80% | 0.28x | 1.43x | NT$-736.26 Million |
| 2015 | 5.34% | 15.03% | 0.22x | 1.63x | NT$-163.42 Million |
| 2016 | -4.80% | -12.95% | 0.21x | 1.78x | NT$-450.58 Million |
| 2017 | -8.46% | -17.68% | 0.23x | 2.05x | NT$-489.81 Million |
| 2018 | -7.45% | -12.48% | 0.27x | 2.21x | NT$-413.17 Million |
| 2019 | -6.93% | -14.83% | 0.22x | 2.11x | NT$-413.86 Million |
| 2020 | -1.18% | -3.41% | 0.14x | 2.40x | NT$-310.01 Million |
| 2021 | 1.42% | 2.72% | 0.21x | 2.47x | NT$-254.85 Million |
| 2022 | 3.98% | 5.06% | 0.31x | 2.58x | NT$-169.38 Million |
| 2023 | 12.55% | 29.64% | 0.19x | 2.19x | NT$88.08 Million |
| 2024 | 1.38% | 3.34% | 0.19x | 2.22x | NT$-305.51 Million |
Industry Comparison
This section compares Kao Hsiung Chang Iron & Steel Corp's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $15,828,037,667
- Average return on equity (ROE) among peers: 0.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kao Hsiung Chang Iron & Steel Corp (2008) | NT$3.56 Billion | 3.11% | 1.25x | $28.78 Million |
| 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 |
| Tung Ho Steel Enterprise Corp (2006) | $27.71 Billion | 12.86% | 0.60x | $1.04 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $3.58 Billion | 0.00% | 3.75x | $31.36 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 |