Ta Chen Stainless Pipe Co Ltd
Ta Chen Stainless Pipe Co., Ltd. manufactures, processes, and sells stainless steel pipes, plates, and fittings, and venetian blinds in Taiwan, the United States, China, and internationally. It operates in Stainless Steel and Aluminum, Aluminum Products Manufacturing, and Screws and Nuts segments. The company offers stainless flat rolled, extrusions, pipes, valves, fittings, flanges, tubing, and … Read more
Ta Chen Stainless Pipe Co Ltd (2027) - Net Assets
Latest net assets as of September 2025: NT$83.92 Billion TWD
Based on the latest financial reports, Ta Chen Stainless Pipe Co Ltd (2027) has net assets worth NT$83.92 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$151.43 Billion) and total liabilities (NT$67.52 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$83.92 Billion |
| % of Total Assets | 55.42% |
| Annual Growth Rate | 16.52% |
| 5-Year Change | 115.85% |
| 10-Year Change | 416.95% |
| Growth Volatility | 40.84 |
Ta Chen Stainless Pipe Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Ta Chen Stainless Pipe Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ta Chen Stainless Pipe Co Ltd (2003–2024)
The table below shows the annual net assets of Ta Chen Stainless Pipe Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$79.77 Billion | +7.10% |
| 2023-12-31 | NT$74.48 Billion | +0.79% |
| 2022-12-31 | NT$73.90 Billion | +35.78% |
| 2021-12-31 | NT$54.43 Billion | +47.27% |
| 2020-12-31 | NT$36.96 Billion | +0.49% |
| 2019-12-31 | NT$36.78 Billion | -16.69% |
| 2018-12-31 | NT$44.14 Billion | +162.00% |
| 2017-12-31 | NT$16.85 Billion | +10.66% |
| 2016-12-31 | NT$15.23 Billion | -1.33% |
| 2015-12-31 | NT$15.43 Billion | -6.54% |
| 2014-12-31 | NT$16.51 Billion | +17.04% |
| 2013-12-31 | NT$14.11 Billion | +15.91% |
| 2012-12-31 | NT$12.17 Billion | -8.49% |
| 2011-12-31 | NT$13.30 Billion | +6.65% |
| 2010-12-31 | NT$12.47 Billion | +4.56% |
| 2009-12-31 | NT$11.93 Billion | +20.74% |
| 2008-12-31 | NT$9.88 Billion | -30.95% |
| 2007-12-31 | NT$14.30 Billion | +91.08% |
| 2006-12-31 | NT$7.49 Billion | +52.82% |
| 2005-12-31 | NT$4.90 Billion | +10.06% |
| 2004-12-31 | NT$4.45 Billion | +38.50% |
| 2003-12-31 | NT$3.21 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ta Chen Stainless Pipe Co Ltd'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 5748.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$14.27 Billion | 21.13% |
| Common Stock | NT$24.34 Billion | 36.04% |
| Other Components | NT$28.93 Billion | 42.83% |
| Total Equity | NT$67.55 Billion | 100.00% |
Ta Chen Stainless Pipe Co Ltd Competitors by Market Cap
The table below lists competitors of Ta Chen Stainless Pipe Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hub Group Inc
NASDAQ:HUBG
|
$2.01 Billion |
|
Haohua Chemical Science & Technology Corp Ltd
SHG:600378
|
$2.01 Billion |
|
Open House Group Co., Ltd.
PINK:OPPPF
|
$2.01 Billion |
|
SEB SA
PINK:SEBYF
|
$2.01 Billion |
|
Heijmans N.V
F:HJN1
|
$2.01 Billion |
|
Huaibei Mining Holdings Co Ltd
SHG:600985
|
$2.00 Billion |
|
GRG Banking Equipment Co Ltd
SHE:002152
|
$2.00 Billion |
|
Reply S.p.A
F:REJA
|
$2.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ta Chen Stainless Pipe Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 63,059,997,000 to 67,545,184,000, a change of 4,485,187,000 (7.1%).
- Net income of 3,538,282,000 contributed positively to equity growth.
- Dividend payments of 2,572,690,000 reduced retained earnings.
- Other comprehensive income decreased equity by 6,048,874,000.
- Other factors increased equity by 9,568,469,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.54 Billion | +5.24% |
| Dividends Paid | NT$2.57 Billion | -3.81% |
| Other Comprehensive Income | NT$-6.05 Billion | -8.96% |
| Other Changes | NT$9.57 Billion | +14.17% |
| Total Change | NT$- | 7.11% |
Book Value vs Market Value Analysis
This analysis compares Ta Chen Stainless Pipe Co Ltd'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 3.40x 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 |
|---|---|---|---|
| 2006-12-31 | NT$10.98 | NT$37.40 | x |
| 2007-12-31 | NT$15.05 | NT$37.40 | x |
| 2008-12-31 | NT$8.07 | NT$37.40 | x |
| 2009-12-31 | NT$9.20 | NT$37.40 | x |
| 2010-12-31 | NT$9.23 | NT$37.40 | x |
| 2011-12-31 | NT$8.91 | NT$37.40 | x |
| 2012-12-31 | NT$8.39 | NT$37.40 | x |
| 2013-12-31 | NT$8.57 | NT$37.40 | x |
| 2014-12-31 | NT$10.65 | NT$37.40 | x |
| 2015-12-31 | NT$9.60 | NT$37.40 | x |
| 2016-12-31 | NT$10.02 | NT$37.40 | x |
| 2017-12-31 | NT$10.90 | NT$37.40 | x |
| 2018-12-31 | NT$22.33 | NT$37.40 | x |
| 2019-12-31 | NT$15.65 | NT$37.40 | x |
| 2020-12-31 | NT$17.67 | NT$37.40 | x |
| 2021-12-31 | NT$23.99 | NT$37.40 | x |
| 2022-12-31 | NT$27.15 | NT$37.40 | x |
| 2023-12-31 | NT$27.08 | NT$37.40 | x |
| 2024-12-31 | NT$29.18 | NT$37.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ta Chen Stainless Pipe Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.24%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.91%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.04x
- Recent ROE (5.24%) is below the historical average (7.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 5.08% | 4.46% | 0.61x | 1.87x | NT$-158.25 Million |
| 2004 | 19.15% | 7.01% | 1.18x | 2.32x | NT$407.18 Million |
| 2006 | 30.65% | 10.99% | 1.10x | 2.54x | NT$1.54 Billion |
| 2007 | 17.02% | 6.77% | 1.09x | 2.31x | NT$866.78 Million |
| 2008 | -41.81% | -9.79% | 1.16x | 3.69x | NT$-4.03 Billion |
| 2009 | 3.25% | 1.44% | 0.74x | 3.03x | NT$-629.12 Million |
| 2010 | 6.99% | 2.15% | 1.08x | 3.03x | NT$-304.43 Million |
| 2011 | 4.30% | 1.13% | 1.15x | 3.30x | NT$-613.08 Million |
| 2012 | 3.95% | 0.98% | 1.15x | 3.51x | NT$-597.83 Million |
| 2013 | 2.21% | 0.58% | 1.01x | 3.80x | NT$-784.17 Million |
| 2014 | 15.23% | 3.71% | 1.11x | 3.68x | NT$647.17 Million |
| 2015 | -2.54% | -0.57% | 1.08x | 4.15x | NT$-1.42 Billion |
| 2016 | 4.20% | 1.02% | 1.05x | 3.95x | NT$-670.85 Million |
| 2017 | 8.38% | 1.69% | 1.13x | 4.38x | NT$-209.81 Million |
| 2018 | 19.80% | 7.21% | 0.86x | 3.18x | NT$2.99 Billion |
| 2019 | 7.10% | 2.34% | 0.74x | 4.08x | NT$-745.34 Million |
| 2020 | -0.36% | -0.17% | 0.60x | 3.45x | NT$-2.95 Billion |
| 2021 | 19.73% | 9.98% | 0.89x | 2.22x | NT$4.77 Billion |
| 2022 | 19.01% | 10.54% | 0.78x | 2.31x | NT$5.70 Billion |
| 2023 | 8.45% | 5.26% | 0.75x | 2.14x | NT$-975.20 Million |
| 2024 | 5.24% | 3.91% | 0.66x | 2.04x | NT$-3.22 Billion |
Industry Comparison
This section compares Ta Chen Stainless Pipe Co Ltd'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 |
|---|---|---|---|---|
| Ta Chen Stainless Pipe Co Ltd (2027) | NT$83.92 Billion | 5.08% | 0.80x | $2.01 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 |
| 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 |