Sanyang Motor Co Ltd (2206) - Net Assets

Latest as of March 2026: NT$43.37 Billion TWD ≈ $1.37 Billion USD

Based on the latest financial reports, Sanyang Motor Co Ltd (2206) has net assets worth NT$43.37 Billion TWD (≈ $1.37 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$96.55 Billion ≈ $3.04 Billion USD) and total liabilities (NT$53.18 Billion ≈ $1.68 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 net worth ratio of Sanyang Motor Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets NT$43.37 Billion
% of Total Assets 44.92%
Annual Growth Rate 5.27%
5-Year Change 151.5%
10-Year Change 154.57%
Growth Volatility 13.36

Sanyang Motor Co Ltd - Net Assets Trend (2000–2025)

This chart illustrates how Sanyang Motor Co Ltd's net assets have evolved over time, based on quarterly financial data. See 2206 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Sanyang Motor Co Ltd (2000–2025)

The table below shows the annual net assets of Sanyang Motor Co Ltd from 2000 to 2025. For live valuation and market cap data, see market cap of Sanyang Motor Co Ltd.

Year Net Assets Change
2025-12-31 NT$42.30 Billion
≈ $1.33 Billion		 +47.99%
2024-12-31 NT$28.59 Billion
≈ $900.59 Million		 +12.57%
2023-12-31 NT$25.39 Billion
≈ $800.05 Million		 +25.45%
2022-12-31 NT$20.24 Billion
≈ $637.75 Million		 +20.35%
2021-12-31 NT$16.82 Billion
≈ $529.91 Million		 +4.69%
2020-12-31 NT$16.07 Billion
≈ $506.19 Million		 +5.42%
2019-12-31 NT$15.24 Billion
≈ $480.17 Million		 +8.08%
2018-12-31 NT$14.10 Billion
≈ $444.26 Million		 -3.66%
2017-12-31 NT$14.64 Billion
≈ $461.13 Million		 -11.92%
2016-12-31 NT$16.62 Billion
≈ $523.52 Million		 -10.23%
2015-12-31 NT$18.51 Billion
≈ $583.17 Million		 +13.77%
2014-12-31 NT$16.27 Billion
≈ $512.58 Million		 +8.00%
2013-12-31 NT$15.06 Billion
≈ $474.62 Million		 -9.63%
2012-12-31 NT$16.67 Billion
≈ $525.17 Million		 -3.04%
2011-12-31 NT$17.19 Billion
≈ $541.62 Million		 +9.98%
2010-12-31 NT$15.63 Billion
≈ $492.49 Million		 -3.15%
2009-12-31 NT$16.14 Billion
≈ $508.50 Million		 -1.04%
2008-12-31 NT$16.31 Billion
≈ $513.85 Million		 -3.30%
2007-12-31 NT$16.87 Billion
≈ $531.38 Million		 +20.48%
2006-12-31 NT$14.00 Billion
≈ $441.07 Million		 +5.60%
2005-12-31 NT$13.26 Billion
≈ $417.66 Million		 +15.08%
2004-12-31 NT$11.52 Billion
≈ $362.93 Million		 +12.75%
2003-12-31 NT$10.22 Billion
≈ $321.88 Million		 +3.71%
2002-12-31 NT$9.85 Billion
≈ $310.37 Million		 -11.33%
2001-12-31 NT$11.11 Billion
≈ $350.03 Million		 -5.06%
2000-12-31 NT$11.70 Billion
≈ $368.68 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Sanyang Motor 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 6370.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings NT$12.56 Billion 47.71%
Common Stock NT$7.84 Billion 29.78%
Other Comprehensive Income NT$6.06 Billion 23.01%
Total Equity NT$26.32 Billion 100.00%

Sanyang Motor Co Ltd Competitors by Market Cap

The table below lists competitors of Sanyang Motor Co Ltd ranked by their market capitalization.

Company Market Cap
Cyrela Brazil Realty S.A. Empreendimentos e Participações
SA:CYRE3
 $1.50 Billion
Proeduca Altus S.A.
MC:PRO
 $1.50 Billion
Hyundai Wia
KO:011210
 $1.50 Billion
Top Glove Corporation Bhd
KLSE:7113
 $1.50 Billion
Globant SA
F:2G2
 $1.50 Billion
Faes Farma SA
MC:FAE
 $1.50 Billion
Southern Publishing&Media Co
SHG:601900
 $1.50 Billion
Sunvim Group Co Ltd
SHE:002083
 $1.50 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sanyang Motor Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 25,139,404,000 to 26,317,859,000, a change of 1,178,455,000 (4.7%).
  • Net income of 4,533,289,000 contributed positively to equity growth.
  • Dividend payments of 2,376,324,000 reduced retained earnings.
  • Share repurchases of 904,862,000 reduced equity.
  • Other comprehensive income increased equity by 7,042,225,000.
  • Other factors decreased equity by 7,115,873,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income NT$4.53 Billion +17.23%
Dividends Paid NT$2.38 Billion -9.03%
Share Repurchases NT$904.86 Million -3.44%
Other Comprehensive Income NT$7.04 Billion +26.76%
Other Changes NT$-7.12 Billion -27.04%
Total Change NT$- 4.69%

Book Value vs Market Value Analysis

This analysis compares Sanyang Motor 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: 1.85x
  • 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 3.99x to 1.85x 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$15.52 NT$61.90 x
2007-12-31 NT$16.63 NT$61.90 x
2008-12-31 NT$16.61 NT$61.90 x
2009-12-31 NT$15.66 NT$61.90 x
2010-12-31 NT$16.14 NT$61.90 x
2011-12-31 NT$16.80 NT$61.90 x
2012-12-31 NT$16.57 NT$61.90 x
2013-12-31 NT$15.29 NT$61.90 x
2014-12-31 NT$16.24 NT$61.90 x
2015-12-31 NT$18.74 NT$61.90 x
2016-12-31 NT$16.91 NT$61.90 x
2017-12-31 NT$15.16 NT$61.90 x
2018-12-31 NT$15.57 NT$61.90 x
2019-12-31 NT$17.06 NT$61.90 x
2020-12-31 NT$18.38 NT$61.90 x
2021-12-31 NT$19.35 NT$61.90 x
2022-12-31 NT$22.46 NT$61.90 x
2023-12-31 NT$28.21 NT$61.90 x
2024-12-31 NT$31.68 NT$61.90 x
2025-12-31 NT$33.49 NT$61.90 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sanyang Motor 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): 17.23%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.24%
  • • Asset Turnover: 0.64x
  • • Equity Multiplier: 3.69x
  • Recent ROE (17.23%) is above the historical average (8.93%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 4.71% 2.18% 0.75x 2.88x NT$-559.69 Million
2004 12.93% 4.96% 1.03x 2.54x NT$341.55 Million
2005 11.49% 4.21% 1.10x 2.49x NT$194.52 Million
2006 6.92% 2.59% 0.99x 2.69x NT$-403.75 Million
2007 6.52% 2.77% 0.90x 2.62x NT$-504.03 Million
2008 0.24% 0.10% 0.88x 2.66x NT$-1.37 Billion
2009 1.06% 0.48% 0.84x 2.64x NT$-1.22 Billion
2010 5.21% 2.17% 0.85x 2.83x NT$-637.28 Million
2011 8.44% 3.36% 0.95x 2.64x NT$-228.46 Million
2012 2.46% 1.04% 0.91x 2.62x NT$-1.09 Billion
2013 -3.69% -1.45% 0.86x 2.94x NT$-1.76 Billion
2014 -1.96% -0.76% 0.91x 2.83x NT$-1.70 Billion
2015 18.54% 9.41% 0.77x 2.57x NT$1.42 Billion
2016 -2.17% -0.91% 0.88x 2.72x NT$-1.80 Billion
2017 3.94% 1.61% 0.86x 2.83x NT$-784.59 Million
2018 8.09% 3.31% 0.84x 2.91x NT$-244.95 Million
2019 15.86% 6.67% 0.81x 2.93x NT$822.74 Million
2020 13.12% 4.75% 0.93x 2.98x NT$461.25 Million
2021 11.88% 4.40% 0.89x 3.02x NT$288.98 Million
2022 17.47% 6.13% 0.89x 3.20x NT$1.33 Billion
2023 28.12% 9.77% 1.03x 2.80x NT$4.06 Billion
2024 18.98% 7.27% 0.96x 2.72x NT$2.26 Billion
2025 17.23% 7.24% 0.64x 3.69x NT$1.90 Billion

Industry Comparison

This section compares Sanyang Motor Co Ltd's net assets metrics with peer companies in the Auto Manufacturers industry.

Industry Context

  • Industry: Auto Manufacturers
  • Average net assets among peers: $34,150,643,750
  • Average return on equity (ROE) among peers: 14.63%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Sanyang Motor Co Ltd (2206) NT$43.37 Billion 4.71% 1.23x $1.50 Billion
Aeon Motor Co Ltd (1599) $1.81 Billion 13.13% 0.45x $52.99 Million
Yulon Motor Co Ltd (2201) $72.51 Billion -1.64% 3.97x $942.29 Million
China Motor Corp (2204) $40.71 Billion 13.26% 0.78x $980.24 Million
Yulon Nissan Motor Co Ltd (2227) $21.57 Billion 33.75% 0.32x $469.75 Million

About Sanyang Motor Co Ltd

TW:2206 Taiwan Auto Manufacturers
Market Cap
$1.50 Billion
NT$47.58 Billion TWD
Market Cap Rank
#7374 Global
#238 in Taiwan
Share Price
NT$61.90
Change (1 day)
+0.49%
52-Week Range
NT$55.50 - NT$66.70
All Time High
NT$95.52
Categories
Companies in Taiwan Auto Manufacturers
About

Sanyang Motor Co., Ltd. engages in the manufacture and sale of automobiles, motorcycles, and their components in Taiwan, China, Asia, Europe, and internationally. The company is involved in the provision of distribution, repair, and maintenance of automobiles and its parts; product design; automotive parts; locomotives and their parts; repair and maintenance; passenger car rental; investment busi… Read more