Mayer Steel Pipe Corp
Mayer Steel Pipe Corporation, together with its subsidiaries, engages in production and sales of black steel and galvanized steel pipes, and stainless-steel coils for pipes in Taiwan. It operates through Steel Department, Real Estate Investment Department, Investment Department, Mineral Trade Department, and Hotel Services Department segments. The company also offers zinc-coated steel, galvanized… Read more
Mayer Steel Pipe Corp (2020) - Net Assets
Latest net assets as of September 2025: NT$4.34 Billion TWD
Based on the latest financial reports, Mayer Steel Pipe Corp (2020) has net assets worth NT$4.34 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$9.41 Billion) and total liabilities (NT$5.07 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$4.34 Billion |
| % of Total Assets | 46.13% |
| Annual Growth Rate | 4.98% |
| 5-Year Change | 46.01% |
| 10-Year Change | 57.15% |
| Growth Volatility | 24.95 |
Mayer Steel Pipe Corp - Net Assets Trend (2002–2024)
This chart illustrates how Mayer Steel Pipe 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 Mayer Steel Pipe Corp (2002–2024)
The table below shows the annual net assets of Mayer Steel Pipe Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.59 Billion | +12.74% |
| 2023-12-31 | NT$4.07 Billion | +27.00% |
| 2022-12-31 | NT$3.21 Billion | -11.53% |
| 2021-12-31 | NT$3.62 Billion | +15.26% |
| 2020-12-31 | NT$3.14 Billion | +0.42% |
| 2019-12-31 | NT$3.13 Billion | +3.89% |
| 2018-12-31 | NT$3.01 Billion | -9.91% |
| 2017-12-31 | NT$3.35 Billion | +3.85% |
| 2016-12-31 | NT$3.22 Billion | +10.27% |
| 2015-12-31 | NT$2.92 Billion | -26.51% |
| 2014-12-31 | NT$3.98 Billion | +3.10% |
| 2013-12-31 | NT$3.86 Billion | +2.42% |
| 2012-12-31 | NT$3.76 Billion | -7.52% |
| 2011-12-31 | NT$4.07 Billion | -24.54% |
| 2010-12-31 | NT$5.39 Billion | +14.15% |
| 2009-12-31 | NT$4.73 Billion | +18.85% |
| 2008-12-31 | NT$3.98 Billion | -17.36% |
| 2007-12-31 | NT$4.81 Billion | +34.73% |
| 2006-12-31 | NT$3.57 Billion | +16.71% |
| 2005-12-31 | NT$3.06 Billion | -0.26% |
| 2004-12-31 | NT$3.07 Billion | +98.37% |
| 2003-12-31 | NT$1.55 Billion | -1.80% |
| 2002-12-31 | NT$1.58 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mayer Steel Pipe 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 497.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.52 Billion | 33.20% |
| Common Stock | NT$2.67 Billion | 58.28% |
| Other Comprehensive Income | NT$108.35 Million | 2.36% |
| Other Components | NT$281.62 Million | 6.15% |
| Total Equity | NT$4.58 Billion | 100.00% |
Mayer Steel Pipe Corp Competitors by Market Cap
The table below lists competitors of Mayer Steel Pipe Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greenx Metals Ltd
AU:GRX
|
$115.59 Million |
|
Enter Air S.A.
WAR:ENT
|
$115.60 Million |
|
Wam Strategic Value Ltd
AU:WAR
|
$115.62 Million |
|
G.M.I Technology Inc
TW:3312
|
$115.66 Million |
|
Landmark Bancorp Inc
NASDAQ:LARK
|
$115.57 Million |
|
OceanPact Serviços Marítimos S.A
SA:OPCT3
|
$115.57 Million |
|
Samji Electronics Co. Ltd
KQ:037460
|
$115.55 Million |
|
SR Bancorp, Inc. Common stock
NASDAQ:SRBK
|
$115.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mayer Steel Pipe Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,066,963,000 to 4,581,560,000, a change of 514,597,000 (12.7%).
- Net income of 826,068,000 contributed positively to equity growth.
- Dividend payments of 445,052,000 reduced retained earnings.
- Other comprehensive income increased equity by 81,508,000.
- Other factors increased equity by 52,073,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$826.07 Million | +18.03% |
| Dividends Paid | NT$445.05 Million | -9.71% |
| Other Comprehensive Income | NT$81.51 Million | +1.78% |
| Other Changes | NT$52.07 Million | +1.14% |
| Total Change | NT$- | 12.65% |
Book Value vs Market Value Analysis
This analysis compares Mayer Steel Pipe 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: 1.39x
- 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 1.68x to 1.39x 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$14.18 | NT$23.80 | x |
| 2010-12-31 | NT$15.13 | NT$23.80 | x |
| 2011-12-31 | NT$12.81 | NT$23.80 | x |
| 2012-12-31 | NT$13.04 | NT$23.80 | x |
| 2013-12-31 | NT$13.80 | NT$23.80 | x |
| 2014-12-31 | NT$14.17 | NT$23.80 | x |
| 2015-12-31 | NT$12.20 | NT$23.80 | x |
| 2016-12-31 | NT$12.97 | NT$23.80 | x |
| 2017-12-31 | NT$13.74 | NT$23.80 | x |
| 2018-12-31 | NT$13.42 | NT$23.80 | x |
| 2019-12-31 | NT$14.08 | NT$23.80 | x |
| 2020-12-31 | NT$14.10 | NT$23.80 | x |
| 2021-12-31 | NT$16.27 | NT$23.80 | x |
| 2022-12-31 | NT$14.39 | NT$23.80 | x |
| 2023-12-31 | NT$18.28 | NT$23.80 | x |
| 2024-12-31 | NT$17.16 | NT$23.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mayer Steel Pipe 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): 18.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.76%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.81x
- Recent ROE (18.03%) is above the historical average (10.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 15.09% | 5.10% | 1.43x | 2.06x | NT$80.15 Million |
| 2003 | 16.10% | 4.08% | 1.57x | 2.51x | NT$94.42 Million |
| 2004 | 20.75% | 4.73% | 1.18x | 3.71x | NT$254.63 Million |
| 2006 | 19.87% | 4.96% | 1.20x | 3.34x | NT$278.54 Million |
| 2007 | 17.14% | 4.40% | 1.17x | 3.33x | NT$266.23 Million |
| 2009 | 4.80% | 2.44% | 0.74x | 2.64x | NT$-183.43 Million |
| 2010 | 12.63% | 5.02% | 1.10x | 2.29x | NT$103.30 Million |
| 2011 | -11.30% | -5.26% | 0.98x | 2.19x | NT$-751.70 Million |
| 2012 | 3.11% | 1.92% | 0.83x | 1.97x | NT$-241.85 Million |
| 2013 | 4.91% | 3.34% | 0.84x | 1.75x | NT$-184.31 Million |
| 2014 | 6.50% | 4.22% | 0.85x | 1.81x | NT$-128.88 Million |
| 2015 | -13.48% | -8.35% | 0.80x | 2.02x | NT$-645.23 Million |
| 2016 | 12.74% | 8.74% | 0.75x | 1.94x | NT$84.38 Million |
| 2017 | 10.63% | 7.00% | 0.81x | 1.87x | NT$20.09 Million |
| 2018 | 9.97% | 6.35% | 0.83x | 1.90x | NT$-817.80K |
| 2019 | 13.94% | 9.74% | 0.71x | 2.01x | NT$123.44 Million |
| 2020 | 12.51% | 7.74% | 0.75x | 2.16x | NT$78.79 Million |
| 2021 | 21.62% | 11.94% | 0.81x | 2.25x | NT$420.83 Million |
| 2022 | 8.32% | 4.03% | 0.90x | 2.31x | NT$-53.66 Million |
| 2023 | 26.26% | 15.23% | 0.94x | 1.84x | NT$661.09 Million |
| 2024 | 18.03% | 15.76% | 0.63x | 1.81x | NT$367.91 Million |
Industry Comparison
This section compares Mayer Steel Pipe Corp's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $14,507,134,500
- Average return on equity (ROE) among peers: 0.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mayer Steel Pipe Corp (2020) | NT$4.34 Billion | 15.09% | 1.17x | $115.58 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 |
| 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 |