Mayer Steel Pipe Corp (2020) - Net Assets
Based on the latest financial reports, Mayer Steel Pipe Corp (2020) has net assets worth NT$4.11 Billion TWD (≈ $129.36 Million 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$9.02 Billion ≈ $284.06 Million USD) and total liabilities (NT$4.91 Billion ≈ $154.70 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 how strategically is Mayer Steel Pipe Corp's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.11 Billion |
| % of Total Assets | 45.54% |
| Annual Growth Rate | 4.66% |
| 5-Year Change | 23.83% |
| 10-Year Change | 39.31% |
| Growth Volatility | 24.48 |
Mayer Steel Pipe Corp - Net Assets Trend (2002–2025)
This chart illustrates how Mayer Steel Pipe Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Mayer Steel Pipe Corp.
Annual Net Assets for Mayer Steel Pipe Corp (2002–2025)
The table below shows the annual net assets of Mayer Steel Pipe Corp from 2002 to 2025. Also explore 2020 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.49 Billion ≈ $141.40 Million |
-2.25% |
| 2024-12-31 | NT$4.59 Billion ≈ $144.64 Million |
+12.74% |
| 2023-12-31 | NT$4.07 Billion ≈ $128.30 Million |
+27.00% |
| 2022-12-31 | NT$3.21 Billion ≈ $101.02 Million |
-11.53% |
| 2021-12-31 | NT$3.62 Billion ≈ $114.18 Million |
+15.26% |
| 2020-12-31 | NT$3.14 Billion ≈ $99.06 Million |
+0.42% |
| 2019-12-31 | NT$3.13 Billion ≈ $98.65 Million |
+3.89% |
| 2018-12-31 | NT$3.01 Billion ≈ $94.95 Million |
-9.91% |
| 2017-12-31 | NT$3.35 Billion ≈ $105.40 Million |
+3.85% |
| 2016-12-31 | NT$3.22 Billion ≈ $101.50 Million |
+10.27% |
| 2015-12-31 | NT$2.92 Billion ≈ $92.05 Million |
-26.51% |
| 2014-12-31 | NT$3.98 Billion ≈ $125.24 Million |
+3.10% |
| 2013-12-31 | NT$3.86 Billion ≈ $121.48 Million |
+2.42% |
| 2012-12-31 | NT$3.76 Billion ≈ $118.61 Million |
-7.52% |
| 2011-12-31 | NT$4.07 Billion ≈ $128.26 Million |
-24.54% |
| 2010-12-31 | NT$5.39 Billion ≈ $169.97 Million |
+14.15% |
| 2009-12-31 | NT$4.73 Billion ≈ $148.89 Million |
+18.85% |
| 2008-12-31 | NT$3.98 Billion ≈ $125.28 Million |
-17.36% |
| 2007-12-31 | NT$4.81 Billion ≈ $151.61 Million |
+34.73% |
| 2006-12-31 | NT$3.57 Billion ≈ $112.52 Million |
+16.71% |
| 2005-12-31 | NT$3.06 Billion ≈ $96.41 Million |
-0.26% |
| 2004-12-31 | NT$3.07 Billion ≈ $96.66 Million |
+98.37% |
| 2003-12-31 | NT$1.55 Billion ≈ $48.73 Million |
-1.80% |
| 2002-12-31 | NT$1.58 Billion ≈ $49.62 Million |
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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 248.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$886.65 Million | 19.81% |
| Common Stock | NT$2.67 Billion | 59.67% |
| Other Comprehensive Income | NT$875.42 Million | 19.56% |
| Other Components | NT$42.84 Million | 0.96% |
| Total Equity | NT$4.48 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 |
|---|---|
|
Asian Sea Corporation Public Company Limited
BK:ASIAN
|
$180.99 Million |
|
Gofore Oyj
HE:GOFORE
|
$181.01 Million |
|
P2 Gold Inc
V:PGLD
|
$181.01 Million |
|
VAA Vista Alegre Atlantis SGPS SA
LS:VAF
|
$181.06 Million |
|
Dynamix Corp
NASDAQ:DYNC
|
$180.77 Million |
|
Shandong Jining Ruyi Woolen Textile Co Ltd
SHE:002193
|
$180.76 Million |
|
Merafe
JSE:MRF
|
$180.63 Million |
|
Ayen Enerji AS
IS:AYEN
|
$180.62 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 2024 to 2025, total equity changed from 4,581,560,000 to 4,475,221,000, a change of -106,339,000 (-2.3%).
- Net income of 568,346,000 contributed positively to equity growth.
- Dividend payments of 587,468,000 reduced retained earnings.
- Other comprehensive income increased equity by 767,072,000.
- Other factors decreased equity by 854,289,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$568.35 Million | +12.7% |
| Dividends Paid | NT$587.47 Million | -13.13% |
| Other Comprehensive Income | NT$767.07 Million | +17.14% |
| Other Changes | NT$-854.29 Million | -19.09% |
| Total Change | NT$- | -2.32% |
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: 1.28x
- 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 1.52x to 1.28x 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$21.50 | x |
| 2010-12-31 | NT$15.13 | NT$21.50 | x |
| 2011-12-31 | NT$12.81 | NT$21.50 | x |
| 2012-12-31 | NT$13.04 | NT$21.50 | x |
| 2013-12-31 | NT$13.80 | NT$21.50 | x |
| 2014-12-31 | NT$14.17 | NT$21.50 | x |
| 2015-12-31 | NT$12.20 | NT$21.50 | x |
| 2016-12-31 | NT$12.97 | NT$21.50 | x |
| 2017-12-31 | NT$13.74 | NT$21.50 | x |
| 2018-12-31 | NT$13.42 | NT$21.50 | x |
| 2019-12-31 | NT$14.08 | NT$21.50 | x |
| 2020-12-31 | NT$14.10 | NT$21.50 | x |
| 2021-12-31 | NT$16.27 | NT$21.50 | x |
| 2022-12-31 | NT$14.39 | NT$21.50 | x |
| 2023-12-31 | NT$18.28 | NT$21.50 | x |
| 2024-12-31 | NT$17.16 | NT$21.50 | x |
| 2025-12-31 | NT$16.76 | NT$21.50 | 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): 12.70%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.98%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.03x
- Recent ROE (12.70%) is above the historical average (11.04%), 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 |
| 2025 | 12.70% | 11.98% | 0.52x | 2.03x | NT$120.82 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: $75,410,617,400
- Average return on equity (ROE) among peers: 1.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mayer Steel Pipe Corp (2020) | NT$4.11 Billion | 15.09% | 1.20x | $180.88 Million |
| Walsin Lihwa Corp (1605) | $56.70 Billion | 0.00% | 0.52x | $5.19 Billion |
| China Steel Corp (2002) | $312.11 Billion | 6.25% | 0.96x | $8.98 Billion |
| China Steel Corp Pref (2002A) | $331.95 Billion | 5.09% | 1.01x | $44.97K |
| Tung Ho Steel Enterprise Corp (2006) | $23.08 Billion | 5.50% | 0.56x | $1.90 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $3.59 Billion | -19.19% | 3.04x | $113.85 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $2.97 Billion | 1.42% | 1.47x | $185.80 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $9.20 Billion | 7.40% | 1.12x | $446.86 Million |
| Chun Yu Works & Co Ltd (2012) | $2.58 Billion | 3.92% | 1.85x | $123.82 Million |
| China Steel Structure Co Ltd (2013) | $3.00 Billion | 7.70% | 2.52x | $260.55 Million |
| Chung Hung Steel Corp (2014) | $8.94 Billion | 1.56% | 3.06x | $748.52 Million |
About 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