Sunspring Metal Corp (2062) - Net Assets
Based on the latest financial reports, Sunspring Metal Corp (2062) has net assets worth NT$7.42 Billion TWD (≈ $233.69 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$10.72 Billion ≈ $337.78 Million USD) and total liabilities (NT$3.30 Billion ≈ $104.09 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 Sunspring Metal Corp liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$7.42 Billion |
| % of Total Assets | 69.18% |
| Annual Growth Rate | 5.58% |
| 5-Year Change | 54.15% |
| 10-Year Change | 55.67% |
| Growth Volatility | 11.26 |
Sunspring Metal Corp - Net Assets Trend (2006–2024)
This chart illustrates how Sunspring Metal Corp's net assets have evolved over time, based on quarterly financial data. Also explore Sunspring Metal Corp (2062) total assets for the complete picture of this company's asset base.
Annual Net Assets for Sunspring Metal Corp (2006–2024)
The table below shows the annual net assets of Sunspring Metal Corp from 2006 to 2024. For live valuation and market cap data, see 2062 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.00 Billion ≈ $251.99 Million |
+8.87% |
| 2023-12-31 | NT$7.35 Billion ≈ $231.46 Million |
+0.70% |
| 2022-12-31 | NT$7.30 Billion ≈ $229.85 Million |
+11.55% |
| 2021-12-31 | NT$6.54 Billion ≈ $206.05 Million |
+26.04% |
| 2020-12-31 | NT$5.19 Billion ≈ $163.47 Million |
-1.16% |
| 2019-12-31 | NT$5.25 Billion ≈ $165.39 Million |
-3.00% |
| 2018-12-31 | NT$5.41 Billion ≈ $170.50 Million |
+0.81% |
| 2017-12-31 | NT$5.37 Billion ≈ $169.13 Million |
-2.28% |
| 2016-12-31 | NT$5.49 Billion ≈ $173.08 Million |
+6.92% |
| 2015-12-31 | NT$5.14 Billion ≈ $161.87 Million |
+3.10% |
| 2014-12-31 | NT$4.98 Billion ≈ $157.01 Million |
+1.96% |
| 2013-12-31 | NT$4.89 Billion ≈ $153.99 Million |
+17.45% |
| 2012-12-31 | NT$4.16 Billion ≈ $131.10 Million |
-3.92% |
| 2011-12-31 | NT$4.33 Billion ≈ $136.45 Million |
+1.51% |
| 2010-12-31 | NT$4.27 Billion ≈ $134.42 Million |
+1.45% |
| 2009-12-31 | NT$4.21 Billion ≈ $132.50 Million |
+3.95% |
| 2008-12-31 | NT$4.05 Billion ≈ $127.47 Million |
-4.21% |
| 2007-12-31 | NT$4.22 Billion ≈ $133.07 Million |
+40.40% |
| 2006-12-31 | NT$3.01 Billion ≈ $94.78 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Sunspring Metal 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 267.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.93 Billion | 36.66% |
| Common Stock | NT$2.00 Billion | 25.01% |
| Other Comprehensive Income | NT$1.15 Billion | 14.43% |
| Other Components | NT$1.91 Billion | 23.90% |
| Total Equity | NT$8.00 Billion | 100.00% |
Sunspring Metal Corp Competitors by Market Cap
The table below lists competitors of Sunspring Metal Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dong Hai JSC of Bentre
VN:DHC
|
$131.38 Million |
|
Fabryki Mebli Forte S.A.
WAR:FTE
|
$131.39 Million |
|
Lara Exploration Ltd.
V:LRA
|
$131.41 Million |
|
CPE Technology Berhad
KLSE:5317
|
$131.47 Million |
|
Southern Hydropower JSC
VN:SHP
|
$131.31 Million |
|
Innate Pharma
PA:IPH
|
$131.21 Million |
|
DEEZER S.A. EO 1
F:L0A
|
$131.19 Million |
|
Kenorland Minerals Ltd
V:KLD
|
$131.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunspring Metal Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,344,407,000 to 7,996,158,000, a change of 651,751,000 (8.9%).
- Net income of 544,524,000 contributed positively to equity growth.
- Dividend payments of 159,995,000 reduced retained earnings.
- Other comprehensive income increased equity by 357,980,000.
- Other factors decreased equity by 90,758,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$544.52 Million | +6.81% |
| Dividends Paid | NT$160.00 Million | -2.0% |
| Other Comprehensive Income | NT$357.98 Million | +4.48% |
| Other Changes | NT$-90.76 Million | -1.14% |
| Total Change | NT$- | 8.87% |
Book Value vs Market Value Analysis
This analysis compares Sunspring Metal 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: 0.53x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.24x to 0.53x 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$16.78 | NT$20.85 | x |
| 2007-12-31 | NT$25.81 | NT$20.85 | x |
| 2008-12-31 | NT$23.93 | NT$20.85 | x |
| 2009-12-31 | NT$25.22 | NT$20.85 | x |
| 2010-12-31 | NT$25.43 | NT$20.85 | x |
| 2011-12-31 | NT$25.72 | NT$20.85 | x |
| 2012-12-31 | NT$24.70 | NT$20.85 | x |
| 2013-12-31 | NT$29.02 | NT$20.85 | x |
| 2014-12-31 | NT$29.59 | NT$20.85 | x |
| 2015-12-31 | NT$30.44 | NT$20.85 | x |
| 2016-12-31 | NT$32.21 | NT$20.85 | x |
| 2017-12-31 | NT$31.65 | NT$20.85 | x |
| 2018-12-31 | NT$32.00 | NT$20.85 | x |
| 2019-12-31 | NT$30.94 | NT$20.85 | x |
| 2020-12-31 | NT$30.82 | NT$20.85 | x |
| 2021-12-31 | NT$36.68 | NT$20.85 | x |
| 2022-12-31 | NT$36.00 | NT$20.85 | x |
| 2023-12-31 | NT$36.39 | NT$20.85 | x |
| 2024-12-31 | NT$39.68 | NT$20.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunspring Metal 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): 6.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.19%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.43x
- Recent ROE (6.81%) is below the historical average (9.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 25.90% | 14.39% | 0.78x | 2.31x | NT$363.01 Million |
| 2007 | 14.19% | 9.61% | 1.12x | 1.32x | NT$172.15 Million |
| 2008 | 7.39% | 4.84% | 1.15x | 1.33x | NT$-105.66 Million |
| 2009 | 9.99% | 9.07% | 0.97x | 1.14x | NT$-488.50K |
| 2010 | 15.24% | 12.90% | 1.05x | 1.12x | NT$223.59 Million |
| 2011 | 9.50% | 7.69% | 0.86x | 1.43x | NT$-21.67 Million |
| 2012 | 7.85% | 6.10% | 0.91x | 1.42x | NT$-89.43 Million |
| 2013 | 18.52% | 15.27% | 0.76x | 1.60x | NT$416.41 Million |
| 2014 | 12.48% | 10.08% | 0.74x | 1.67x | NT$123.81 Million |
| 2015 | 12.14% | 9.20% | 0.70x | 1.89x | NT$109.88 Million |
| 2016 | 13.58% | 12.04% | 0.52x | 2.16x | NT$196.67 Million |
| 2017 | 4.05% | 3.64% | 0.47x | 2.38x | NT$-319.04 Million |
| 2018 | 2.05% | 1.65% | 0.53x | 2.37x | NT$-430.12 Million |
| 2019 | 1.34% | 1.15% | 0.50x | 2.32x | NT$-454.51 Million |
| 2020 | -1.49% | -1.07% | 0.58x | 2.42x | NT$-596.14 Million |
| 2021 | 6.67% | 4.52% | 0.68x | 2.18x | NT$-217.73 Million |
| 2022 | 10.10% | 8.95% | 0.67x | 1.68x | NT$7.51 Million |
| 2023 | 4.29% | 4.16% | 0.59x | 1.75x | NT$-419.67 Million |
| 2024 | 6.81% | 7.19% | 0.66x | 1.43x | NT$-255.09 Million |
Industry Comparison
This section compares Sunspring Metal Corp's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $3,862,657,125
- Average return on equity (ROE) among peers: 3.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunspring Metal Corp (2062) | NT$7.42 Billion | 25.90% | 0.45x | $131.37 Million |
| Champion Building Materials Co Ltd (1806) | $7.37 Billion | -0.99% | 0.80x | $104.73 Million |
| China Glaze Co Ltd (1809) | $4.55 Billion | 3.61% | 0.31x | $135.25 Million |
| Buima Group (5543) | $695.36 Million | -9.06% | 0.56x | $42.63 Million |
| M.J. International Co Ltd (8466) | $2.57 Billion | 19.25% | 0.53x | $39.67 Million |
| CKM Building Material (8930) | $1.13 Billion | 2.21% | 0.75x | $75.88 Million |
| Kuo Toong International Co Ltd (8936) | $2.23 Billion | 8.71% | 0.30x | $391.57 Million |
| Taiwan Fu Hsing Industrial Co Ltd (9924) | $6.71 Billion | 13.57% | 0.37x | $208.75 Million |
| Globe Union Industrial Corp (9934) | $5.65 Billion | -8.19% | 1.36x | $120.04 Million |
About Sunspring Metal Corp
Sunspring Metal Corporation manufactures, processes, and trades water pipe switch accessories, gate valves, corks, copper pipe fittings, and waterway sanitary equipment in Taiwan and internationally. The company is involved in the manufacture and sale of sanitation, construction equipment, metal molds, hardware products, and copper pipe fittings; sale of hardware parts; and international investme… Read more