Evergreen Steel Corp (2211) - Net Assets
Based on the latest financial reports, Evergreen Steel Corp (2211) has net assets worth NT$30.46 Billion TWD (≈ $959.71 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$38.59 Billion ≈ $1.22 Billion USD) and total liabilities (NT$8.13 Billion ≈ $256.08 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. Also explore total assets of Evergreen Steel Corp for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$30.46 Billion |
| % of Total Assets | 78.94% |
| Annual Growth Rate | 12.43% |
| 5-Year Change | 89.26% |
| 10-Year Change | N/A |
| Growth Volatility | 17.35 |
Evergreen Steel Corp - Net Assets Trend (2016–2024)
This chart illustrates how Evergreen Steel Corp's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see market cap of Evergreen Steel Corp.
Annual Net Assets for Evergreen Steel Corp (2016–2024)
The table below shows the annual net assets of Evergreen Steel Corp from 2016 to 2024. Explore how efficiently does Evergreen Steel Corp generate cash to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$31.79 Billion ≈ $1.00 Billion |
+14.27% |
| 2023-12-31 | NT$27.82 Billion ≈ $876.52 Million |
+12.39% |
| 2022-12-31 | NT$24.75 Billion ≈ $779.85 Million |
-5.82% |
| 2021-12-31 | NT$26.28 Billion ≈ $828.04 Million |
+56.47% |
| 2020-12-31 | NT$16.80 Billion ≈ $529.22 Million |
+13.15% |
| 2019-12-31 | NT$14.85 Billion ≈ $467.72 Million |
+3.15% |
| 2018-12-31 | NT$14.39 Billion ≈ $453.41 Million |
+5.34% |
| 2017-12-31 | NT$13.66 Billion ≈ $430.42 Million |
+9.73% |
| 2016-12-31 | NT$12.45 Billion ≈ $392.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Evergreen Steel 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 56.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$8.98 Billion | 31.67% |
| Common Stock | NT$4.17 Billion | 14.72% |
| Other Comprehensive Income | NT$13.88 Billion | 48.96% |
| Other Components | NT$1.32 Billion | 4.65% |
| Total Equity | NT$28.34 Billion | 100.00% |
Evergreen Steel Corp Competitors by Market Cap
The table below lists competitors of Evergreen Steel Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LIBERTY LAT.AMER.C DL-01
F:1LLC
|
$1.28 Billion |
|
Elevra Lithium Limited
AU:ELV
|
$1.28 Billion |
|
SkiStar AB (publ)
ST:SKIS-B
|
$1.28 Billion |
|
Bossard Holding AG
SW:BOSN
|
$1.28 Billion |
|
Shijiazhuang Kelin Elec Co
SHG:603050
|
$1.28 Billion |
|
Acbel Polytech Inc
TW:6282
|
$1.28 Billion |
|
Saurer Intelligent Technology Co Ltd Class A
SHG:600545
|
$1.28 Billion |
|
Maze Therapeutics, Inc. Common Stock
NASDAQ:MAZE
|
$1.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Evergreen Steel Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,310,041,000 to 28,344,108,000, a change of 4,034,067,000 (16.6%).
- Net income of 2,553,063,000 contributed positively to equity growth.
- Dividend payments of 2,711,095,000 reduced retained earnings.
- Other comprehensive income increased equity by 4,655,368,000.
- Other factors decreased equity by 463,269,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.55 Billion | +9.01% |
| Dividends Paid | NT$2.71 Billion | -9.56% |
| Other Comprehensive Income | NT$4.66 Billion | +16.42% |
| Other Changes | NT$-463.27 Million | -1.63% |
| Total Change | NT$- | 16.59% |
Book Value vs Market Value Analysis
This analysis compares Evergreen Steel 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: 1.44x
- 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 3.47x to 1.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$28.09 | NT$97.50 | x |
| 2017-12-31 | NT$31.03 | NT$97.50 | x |
| 2018-12-31 | NT$31.92 | NT$97.50 | x |
| 2019-12-31 | NT$32.66 | NT$97.50 | x |
| 2020-12-31 | NT$35.52 | NT$97.50 | x |
| 2021-12-31 | NT$56.48 | NT$97.50 | x |
| 2022-12-31 | NT$51.77 | NT$97.50 | x |
| 2023-12-31 | NT$58.25 | NT$97.50 | x |
| 2024-12-31 | NT$67.92 | NT$97.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Evergreen Steel Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.76%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.44x
- Recent ROE (9.01%) is below the historical average (9.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.78% | 7.65% | 0.62x | 1.42x | NT$-350.70 Million |
| 2017 | 9.91% | 11.31% | 0.62x | 1.41x | NT$-10.48 Million |
| 2018 | 7.93% | 9.17% | 0.61x | 1.42x | NT$-256.60 Million |
| 2019 | 7.47% | 11.46% | 0.46x | 1.43x | NT$-321.65 Million |
| 2020 | 7.45% | 11.16% | 0.39x | 1.72x | NT$-356.53 Million |
| 2021 | 5.51% | 9.39% | 0.39x | 1.49x | NT$-1.04 Billion |
| 2022 | 12.01% | 22.68% | 0.36x | 1.47x | NT$434.07 Million |
| 2023 | 15.10% | 33.09% | 0.31x | 1.48x | NT$1.24 Billion |
| 2024 | 9.01% | 19.76% | 0.32x | 1.44x | NT$-281.35 Million |
Industry Comparison
This section compares Evergreen Steel Corp's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $80,426,584,700
- Average return on equity (ROE) among peers: 2.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Evergreen Steel Corp (2211) | NT$30.46 Billion | 6.78% | 0.27x | $1.28 Billion |
| Walsin Lihwa Corp (1605) | $54.97 Billion | 0.00% | 0.51x | $4.21 Billion |
| China Steel Corp (2002) | $331.95 Billion | 5.09% | 1.01x | $9.00 Billion |
| China Steel Corp Pref (2002A) | $356.85 Billion | 4.98% | 0.92x | $46.78 Million |
| Tung Ho Steel Enterprise Corp (2006) | $19.86 Billion | 4.43% | 0.96x | $1.50 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $6.79 Billion | -10.23% | 0.73x | $124.72 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $2.75 Billion | 0.00% | 3.13x | $165.35 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $7.15 Billion | 11.07% | 1.20x | $505.02 Million |
| Chun Yu Works & Co Ltd (2012) | $2.58 Billion | 3.92% | 1.85x | $129.09 Million |
| China Steel Structure Co Ltd (2013) | $4.32 Billion | 12.82% | 1.97x | $269.37 Million |
| Chung Hung Steel Corp (2014) | $17.06 Billion | -5.80% | 1.15x | $796.00 Million |
About Evergreen Steel Corp
Evergreen Steel Corp., together with its subsidiaries, engages in the steel structure engineering and environmental protection businesses in Taiwan. It operates through 5 segments: Steel Structures; Hsin Yung Enterprise Corporation; Super Max Engineering Enterprise Co., Ltd.; Ever Ecove Corporation; and Others. The company offers construction and engineering services for factories, high-rise, bri… Read more