Lu Hai Holding Corp
Luhai Holding Corp. manufactures and sells tire valves and accessories worldwide. It offers TPMS valves; valves for bicycles, electric bikes, motorcycles, passenger cars/light trucks, trucks/buses, and agricultural/OTR applications; and valve accessories, such as valve core, valve caps, hexagon nuts, washers, grommets and O-rings, rim nuts, and sleeves. The company provides valve core and mountin… Read more
Lu Hai Holding Corp (2115) - Net Assets
Latest net assets as of September 2025: NT$3.06 Billion TWD
Based on the latest financial reports, Lu Hai Holding Corp (2115) has net assets worth NT$3.06 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$4.48 Billion) and total liabilities (NT$1.42 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$3.06 Billion |
| % of Total Assets | 68.23% |
| Annual Growth Rate | 7.29% |
| 5-Year Change | 20.2% |
| 10-Year Change | 58.65% |
| Growth Volatility | 6.29 |
Lu Hai Holding Corp - Net Assets Trend (2010–2024)
This chart illustrates how Lu Hai Holding Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lu Hai Holding Corp (2010–2024)
The table below shows the annual net assets of Lu Hai Holding Corp from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.27 Billion | +7.97% |
| 2023-12-31 | NT$3.03 Billion | -0.33% |
| 2022-12-31 | NT$3.04 Billion | +2.66% |
| 2021-12-31 | NT$2.96 Billion | +8.79% |
| 2020-12-31 | NT$2.72 Billion | +18.20% |
| 2019-12-31 | NT$2.30 Billion | +3.28% |
| 2018-12-31 | NT$2.23 Billion | +1.37% |
| 2017-12-31 | NT$2.20 Billion | +7.50% |
| 2016-12-31 | NT$2.04 Billion | -0.79% |
| 2015-12-31 | NT$2.06 Billion | +14.91% |
| 2014-12-31 | NT$1.79 Billion | +16.52% |
| 2013-12-31 | NT$1.54 Billion | +15.54% |
| 2012-12-31 | NT$1.33 Billion | +2.20% |
| 2011-12-31 | NT$1.30 Billion | +6.80% |
| 2010-12-31 | NT$1.22 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lu Hai Holding 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 1059.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.09 Billion | 63.93% |
| Common Stock | NT$1.04 Billion | 31.93% |
| Other Comprehensive Income | NT$-258.64 Million | -7.91% |
| Other Components | NT$394.00 Million | 12.05% |
| Total Equity | NT$3.27 Billion | 100.00% |
Lu Hai Holding Corp Competitors by Market Cap
The table below lists competitors of Lu Hai Holding Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wellpool Co Ltd
TWO:8424
|
$32.89 Million |
|
Huang Long Development Co Ltd
TWO:3512
|
$32.92 Million |
|
PDS Biotechnology Corp
NASDAQ:PDSB
|
$32.92 Million |
|
Maiden Holdings Ltd
NASDAQ:MHLD
|
$32.93 Million |
|
Shufersal
TA:SAE
|
$32.89 Million |
|
dMY Squared Technology Group Inc
NYSE MKT:DMYY
|
$32.88 Million |
|
Padaeng Industry Public Company Limited
F:QU5A
|
$32.86 Million |
|
Rich Honour International Designs Co Ltd
TW:6754
|
$32.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lu Hai Holding Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,027,365,000 to 3,268,719,000, a change of 241,354,000 (8.0%).
- Net income of 213,516,000 contributed positively to equity growth.
- Dividend payments of 99,403,000 reduced retained earnings.
- Other comprehensive income decreased equity by 582,051,000.
- Other factors increased equity by 709,292,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$213.52 Million | +6.53% |
| Dividends Paid | NT$99.40 Million | -3.04% |
| Other Comprehensive Income | NT$-582.05 Million | -17.81% |
| Other Changes | NT$709.29 Million | +21.7% |
| Total Change | NT$- | 7.97% |
Book Value vs Market Value Analysis
This analysis compares Lu Hai Holding 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: 0.70x
- 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 1.37x to 0.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$15.91 | NT$21.75 | x |
| 2011-12-31 | NT$15.39 | NT$21.75 | x |
| 2012-12-31 | NT$15.72 | NT$21.75 | x |
| 2013-12-31 | NT$18.12 | NT$21.75 | x |
| 2014-12-31 | NT$18.91 | NT$21.75 | x |
| 2015-12-31 | NT$19.67 | NT$21.75 | x |
| 2016-12-31 | NT$18.94 | NT$21.75 | x |
| 2017-12-31 | NT$20.17 | NT$21.75 | x |
| 2018-12-31 | NT$21.85 | NT$21.75 | x |
| 2019-12-31 | NT$23.12 | NT$21.75 | x |
| 2020-12-31 | NT$27.26 | NT$21.75 | x |
| 2021-12-31 | NT$29.69 | NT$21.75 | x |
| 2022-12-31 | NT$30.51 | NT$21.75 | x |
| 2023-12-31 | NT$30.42 | NT$21.75 | x |
| 2024-12-31 | NT$31.29 | NT$21.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lu Hai Holding 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): 6.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.83%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.51x
- Recent ROE (6.53%) is below the historical average (10.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 14.61% | 8.82% | 1.11x | 1.50x | NT$56.22 Million |
| 2011 | 7.94% | 5.27% | 0.98x | 1.54x | NT$-26.86 Million |
| 2012 | 6.94% | 4.27% | 1.07x | 1.52x | NT$-40.71 Million |
| 2013 | 6.94% | 4.45% | 1.03x | 1.51x | NT$-47.04 Million |
| 2014 | 12.86% | 8.75% | 0.94x | 1.57x | NT$51.28 Million |
| 2015 | 11.96% | 9.96% | 0.84x | 1.42x | NT$40.48 Million |
| 2016 | 15.58% | 12.22% | 0.86x | 1.48x | NT$114.00 Million |
| 2017 | 12.48% | 10.36% | 0.81x | 1.49x | NT$54.41 Million |
| 2018 | 9.36% | 7.93% | 0.78x | 1.52x | NT$-14.30 Million |
| 2019 | 10.51% | 8.90% | 0.66x | 1.80x | NT$11.84 Million |
| 2020 | 21.87% | 22.86% | 0.55x | 1.74x | NT$322.82 Million |
| 2021 | 13.50% | 11.75% | 0.66x | 1.75x | NT$103.44 Million |
| 2022 | 7.47% | 7.46% | 0.62x | 1.60x | NT$-76.87 Million |
| 2023 | 5.78% | 6.75% | 0.55x | 1.56x | NT$-127.71 Million |
| 2024 | 6.53% | 6.83% | 0.63x | 1.51x | NT$-113.36 Million |
Industry Comparison
This section compares Lu Hai Holding Corp's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,045,310,500
- Average return on equity (ROE) among peers: -15.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lu Hai Holding Corp (2115) | NT$3.06 Billion | 14.61% | 0.47x | $32.89 Million |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | 0.00% | 1.41x | $45.05 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |