Yuen Chang Stainless Steel Co Ltd
Yuen Chang Stainless Steel Co., Ltd. engages in the processing, manufacturing, and selling of stainless steel products in Taiwan and internationally. The company offers stainless steel coils, sheets, plates, and strips. It also involves in the stainless steel shearing, splitting, cut to length, and surface treatment and polishing services. Its products are used in food industry, construction, kit… Read more
Yuen Chang Stainless Steel Co Ltd (2069) - Net Assets
Latest net assets as of September 2025: NT$3.92 Billion TWD
Based on the latest financial reports, Yuen Chang Stainless Steel Co Ltd (2069) has net assets worth NT$3.92 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$8.97 Billion) and total liabilities (NT$5.06 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$3.92 Billion |
| % of Total Assets | 43.66% |
| Annual Growth Rate | 4.66% |
| 5-Year Change | 22.84% |
| 10-Year Change | 76.08% |
| Growth Volatility | 13.14 |
Yuen Chang Stainless Steel Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Yuen Chang Stainless Steel 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 Yuen Chang Stainless Steel Co Ltd (2011–2024)
The table below shows the annual net assets of Yuen Chang Stainless Steel Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.00 Billion | +5.97% |
| 2023-12-31 | NT$3.78 Billion | -8.62% |
| 2022-12-31 | NT$4.13 Billion | -2.85% |
| 2021-12-31 | NT$4.26 Billion | +30.57% |
| 2020-12-31 | NT$3.26 Billion | -1.96% |
| 2019-12-31 | NT$3.32 Billion | -11.24% |
| 2018-12-31 | NT$3.74 Billion | +30.32% |
| 2017-12-31 | NT$2.87 Billion | +7.49% |
| 2016-12-31 | NT$2.67 Billion | +17.57% |
| 2015-12-31 | NT$2.27 Billion | -2.45% |
| 2014-12-31 | NT$2.33 Billion | +11.50% |
| 2013-12-31 | NT$2.09 Billion | -0.72% |
| 2012-12-31 | NT$2.11 Billion | -4.91% |
| 2011-12-31 | NT$2.21 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yuen Chang Stainless Steel 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 871.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.23 Billion | 30.74% |
| Common Stock | NT$1.66 Billion | 41.56% |
| Other Comprehensive Income | NT$583.01 Million | 14.56% |
| Other Components | NT$525.83 Million | 13.13% |
| Total Equity | NT$4.00 Billion | 100.00% |
Yuen Chang Stainless Steel Co Ltd Competitors by Market Cap
The table below lists competitors of Yuen Chang Stainless Steel Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Territorial Bancorp Inc
NASDAQ:TBNK
|
$58.46 Million |
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
$58.47 Million |
|
ARTHA RESOURCES
F:16T
|
$58.49 Million |
|
Currency Exchange International Corp
PINK:CURN
|
$58.51 Million |
|
Agrify Corp
NASDAQ:AGFY
|
$58.43 Million |
|
Calitech Co Ltd
TWO:6532
|
$58.40 Million |
|
Ldr Capital Property Fund
AU:LED
|
$58.39 Million |
|
Elanor Commercial Property Fund
AU:ECF
|
$58.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yuen Chang Stainless Steel Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,777,891,000 to 4,003,567,000, a change of 225,676,000 (6.0%).
- Net income of 225,398,000 contributed positively to equity growth.
- Dividend payments of 83,193,000 reduced retained earnings.
- Other comprehensive income increased equity by 148,702,000.
- Other factors decreased equity by 65,231,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$225.40 Million | +5.63% |
| Dividends Paid | NT$83.19 Million | -2.08% |
| Other Comprehensive Income | NT$148.70 Million | +3.71% |
| Other Changes | NT$-65.23 Million | -1.63% |
| Total Change | NT$- | 5.97% |
Book Value vs Market Value Analysis
This analysis compares Yuen Chang Stainless Steel 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: 0.79x
- 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 0.97x to 0.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | NT$19.39 | NT$18.80 | x |
| 2012-12-31 | NT$18.27 | NT$18.80 | x |
| 2013-12-31 | NT$18.42 | NT$18.80 | x |
| 2014-12-31 | NT$20.22 | NT$18.80 | x |
| 2015-12-31 | NT$20.26 | NT$18.80 | x |
| 2016-12-31 | NT$20.38 | NT$18.80 | x |
| 2017-12-31 | NT$19.43 | NT$18.80 | x |
| 2018-12-31 | NT$23.81 | NT$18.80 | x |
| 2019-12-31 | NT$21.07 | NT$18.80 | x |
| 2020-12-31 | NT$20.84 | NT$18.80 | x |
| 2021-12-31 | NT$26.91 | NT$18.80 | x |
| 2022-12-31 | NT$23.63 | NT$18.80 | x |
| 2023-12-31 | NT$22.85 | NT$18.80 | x |
| 2024-12-31 | NT$23.93 | NT$18.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yuen Chang Stainless Steel Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.63%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.10%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 2.29x
- Recent ROE (5.63%) is above the historical average (4.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -5.80% | -2.52% | 1.28x | 1.80x | NT$-349.84 Million |
| 2012 | -3.53% | -1.80% | 1.03x | 1.91x | NT$-284.78 Million |
| 2013 | 1.15% | 0.32% | 1.29x | 2.76x | NT$-184.99 Million |
| 2014 | 5.67% | 1.59% | 1.49x | 2.39x | NT$-100.93 Million |
| 2015 | 2.68% | 0.80% | 1.60x | 2.11x | NT$-166.35 Million |
| 2016 | 10.51% | 3.76% | 1.26x | 2.22x | NT$13.62 Million |
| 2017 | 7.29% | 2.45% | 1.11x | 2.67x | NT$-77.91 Million |
| 2018 | 23.25% | 10.18% | 1.03x | 2.22x | NT$496.02 Million |
| 2019 | 0.24% | 0.09% | 1.08x | 2.43x | NT$-324.51 Million |
| 2020 | 1.23% | 0.54% | 0.88x | 2.58x | NT$-285.75 Million |
| 2021 | 17.41% | 5.19% | 1.28x | 2.62x | NT$315.20 Million |
| 2022 | 4.63% | 1.36% | 1.57x | 2.17x | NT$-221.82 Million |
| 2023 | -3.95% | -1.26% | 1.36x | 2.30x | NT$-526.94 Million |
| 2024 | 5.63% | 2.10% | 1.17x | 2.29x | NT$-174.96 Million |
Industry Comparison
This section compares Yuen Chang Stainless Steel Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $18,616,234,100
- Average return on equity (ROE) among peers: 4.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yuen Chang Stainless Steel Co Ltd (2069) | NT$3.92 Billion | -5.80% | 1.29x | $58.43 Million |
| 1480 (1480) | $3.16 Billion | -9.87% | 0.98x | $31.21 Million |
| Walsin Lihwa Corp (1605) | $107.95 Billion | 13.56% | 0.70x | $3.08 Billion |
| Tung Ho Steel Enterprise Corp (2006) | $18.64 Billion | 9.26% | 0.76x | $1.05 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $5.65 Billion | -13.67% | 1.41x | $31.76 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $3.54 Billion | 1.38% | 1.22x | $28.57 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $9.90 Billion | 3.68% | 1.20x | $353.85 Million |
| Chun Yu Works & Co Ltd (2012) | $5.08 Billion | 4.99% | 1.40x | $40.08 Million |
| Chung Hung Steel Corp (2014) | $9.41 Billion | 20.33% | 2.30x | $465.24 Million |
| Feng Hsin Steel Co Ltd (2015) | $18.29 Billion | 10.73% | 0.17x | $707.61 Million |
| Quintain Steel Co Ltd (2017) | $4.55 Billion | 0.26% | 0.61x | $74.97 Million |