Ta Chen Stainless Pipe Co Ltd (2027) - Net Assets
Based on the latest financial reports, Ta Chen Stainless Pipe Co Ltd (2027) has net assets worth NT$88.52 Billion TWD (≈ $2.79 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$153.52 Billion ≈ $4.84 Billion USD) and total liabilities (NT$65.00 Billion ≈ $2.05 Billion 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 equity quality of Ta Chen Stainless Pipe Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$88.52 Billion |
| % of Total Assets | 57.66% |
| Annual Growth Rate | 16.27% |
| 5-Year Change | 62.64% |
| 10-Year Change | 481.35% |
| Growth Volatility | 39.96 |
Ta Chen Stainless Pipe Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Ta Chen Stainless Pipe Co Ltd's net assets have evolved over time, based on quarterly financial data. See Ta Chen Stainless Pipe Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ta Chen Stainless Pipe Co Ltd (2003–2025)
The table below shows the annual net assets of Ta Chen Stainless Pipe Co Ltd from 2003 to 2025. For live valuation and market cap data, see 2027 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$88.52 Billion ≈ $2.79 Billion |
+10.96% |
| 2024-12-31 | NT$79.77 Billion ≈ $2.51 Billion |
+7.10% |
| 2023-12-31 | NT$74.48 Billion ≈ $2.35 Billion |
+0.79% |
| 2022-12-31 | NT$73.90 Billion ≈ $2.33 Billion |
+35.78% |
| 2021-12-31 | NT$54.43 Billion ≈ $1.71 Billion |
+47.27% |
| 2020-12-31 | NT$36.96 Billion ≈ $1.16 Billion |
+0.49% |
| 2019-12-31 | NT$36.78 Billion ≈ $1.16 Billion |
-16.69% |
| 2018-12-31 | NT$44.14 Billion ≈ $1.39 Billion |
+162.00% |
| 2017-12-31 | NT$16.85 Billion ≈ $530.82 Million |
+10.66% |
| 2016-12-31 | NT$15.23 Billion ≈ $479.70 Million |
-1.33% |
| 2015-12-31 | NT$15.43 Billion ≈ $486.16 Million |
-6.54% |
| 2014-12-31 | NT$16.51 Billion ≈ $520.17 Million |
+17.04% |
| 2013-12-31 | NT$14.11 Billion ≈ $444.45 Million |
+15.91% |
| 2012-12-31 | NT$12.17 Billion ≈ $383.45 Million |
-8.49% |
| 2011-12-31 | NT$13.30 Billion ≈ $419.01 Million |
+6.65% |
| 2010-12-31 | NT$12.47 Billion ≈ $392.87 Million |
+4.56% |
| 2009-12-31 | NT$11.93 Billion ≈ $375.72 Million |
+20.74% |
| 2008-12-31 | NT$9.88 Billion ≈ $311.17 Million |
-30.95% |
| 2007-12-31 | NT$14.30 Billion ≈ $450.63 Million |
+91.08% |
| 2006-12-31 | NT$7.49 Billion ≈ $235.84 Million |
+52.82% |
| 2005-12-31 | NT$4.90 Billion ≈ $154.32 Million |
+10.06% |
| 2004-12-31 | NT$4.45 Billion ≈ $140.22 Million |
+38.50% |
| 2003-12-31 | NT$3.21 Billion ≈ $101.24 Million |
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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 6988.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$17.30 Billion | 23.05% |
| Common Stock | NT$25.84 Billion | 34.44% |
| Other Comprehensive Income | NT$8.89 Billion | 11.85% |
| Other Components | NT$23.01 Billion | 30.66% |
| Total Equity | NT$75.04 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 |
|---|---|
|
Aehr Test Systems
NASDAQ:AEHR
|
$3.24 Billion |
|
HBIS Co Ltd
SHE:000709
|
$3.24 Billion |
|
Telefonaktiebolaget LM Ericsson (publ)
ST:ERIC-A
|
$3.24 Billion |
|
Ero Copper Corp
TO:ERO
|
$3.24 Billion |
|
Tianjin Zhongxin Pharmaceutical Group Corp Ltd
SHG:600329
|
$3.23 Billion |
|
JUMBO SA UNSP.ADR/1 O.N.
F:5JB1
|
$3.23 Billion |
|
PotlatchDeltic Corp
NASDAQ:PCH
|
$3.23 Billion |
|
AUO CORP. SP.ADR NEW/10
F:AU7
|
$3.23 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 2024 to 2025, total equity changed from 67,545,184,000 to 75,043,896,000, a change of 7,498,712,000 (11.1%).
- Net income of 6,675,763,000 contributed positively to equity growth.
- Dividend payments of 2,342,513,000 reduced retained earnings.
- Share repurchases of 661,298,000 reduced equity.
- New share issuances of 7,675,018,000 increased equity.
- Other comprehensive income increased equity by 8,891,202,000.
- Other factors decreased equity by 12,739,460,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$6.68 Billion | +8.9% |
| Dividends Paid | NT$2.34 Billion | -3.12% |
| Share Repurchases | NT$661.30 Million | -0.88% |
| Share Issuances | NT$7.68 Billion | +10.23% |
| Other Comprehensive Income | NT$8.89 Billion | +11.85% |
| Other Changes | NT$-12.74 Billion | -16.98% |
| Total Change | NT$- | 11.10% |
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: 1.66x
- 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 3.97x to 1.66x 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$43.65 | x |
| 2007-12-31 | NT$15.05 | NT$43.65 | x |
| 2008-12-31 | NT$8.07 | NT$43.65 | x |
| 2009-12-31 | NT$9.20 | NT$43.65 | x |
| 2010-12-31 | NT$9.23 | NT$43.65 | x |
| 2011-12-31 | NT$8.91 | NT$43.65 | x |
| 2012-12-31 | NT$8.39 | NT$43.65 | x |
| 2013-12-31 | NT$8.57 | NT$43.65 | x |
| 2014-12-31 | NT$10.65 | NT$43.65 | x |
| 2015-12-31 | NT$9.60 | NT$43.65 | x |
| 2016-12-31 | NT$10.02 | NT$43.65 | x |
| 2017-12-31 | NT$10.90 | NT$43.65 | x |
| 2018-12-31 | NT$22.33 | NT$43.65 | x |
| 2019-12-31 | NT$15.65 | NT$43.65 | x |
| 2020-12-31 | NT$17.67 | NT$43.65 | x |
| 2021-12-31 | NT$23.99 | NT$43.65 | x |
| 2022-12-31 | NT$27.15 | NT$43.65 | x |
| 2023-12-31 | NT$27.08 | NT$43.65 | x |
| 2024-12-31 | NT$29.18 | NT$43.65 | x |
| 2025-12-31 | NT$26.36 | NT$43.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ta Chen Stainless Pipe Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.90%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.56%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.05x
- Recent ROE (8.90%) is above the historical average (7.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 5.08% | 4.46% | 0.61x | 1.87x | NT$-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$-3.22 Billion |
| 2025 | 8.90% | 6.56% | 0.66x | 2.05x | NT$-828.63 Million |
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: $78,107,133,600
- Average return on equity (ROE) among peers: 8.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ta Chen Stainless Pipe Co Ltd (2027) | NT$88.52 Billion | 5.08% | 0.73x | $3.23 Billion |
| Walsin Lihwa Corp (1605) | $51.47 Billion | 0.60% | 0.63x | $5.58 Billion |
| China Steel Corp (2002) | $331.95 Billion | 5.09% | 1.01x | $9.12 Billion |
| China Steel Corp Pref (2002A) | $341.49 Billion | 0.58% | 1.04x | $46.24 Million |
| Tung Ho Steel Enterprise Corp (2006) | $20.60 Billion | 6.12% | 1.01x | $1.59 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $6.47 Billion | 0.08% | 1.23x | $125.56 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $3.45 Billion | 12.55% | 1.19x | $182.19 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $9.07 Billion | 10.44% | 1.12x | $505.02 Million |
| Chun Yu Works & Co Ltd (2012) | $2.84 Billion | 11.52% | 1.48x | $125.58 Million |
| China Steel Structure Co Ltd (2013) | $4.32 Billion | 12.82% | 1.97x | $271.89 Million |
| Chung Hung Steel Corp (2014) | $9.41 Billion | 20.33% | 2.30x | $820.88 Million |
About 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