Evergreen Steel Corp (2211) - Net Assets
Based on the latest financial reports, Evergreen Steel Corp (2211) has net assets worth NT$30.96 Billion TWD (≈ $975.47 Million 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$39.13 Billion ≈ $1.23 Billion USD) and total liabilities (NT$8.16 Billion ≈ $257.21 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 tangible equity quality of Evergreen Steel Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$30.96 Billion |
| % of Total Assets | 79.13% |
| Annual Growth Rate | 10.65% |
| 5-Year Change | 17.78% |
| 10-Year Change | N/A |
| Growth Volatility | 17.14 |
Evergreen Steel Corp - Net Assets Trend (2016–2025)
This chart illustrates how Evergreen Steel Corp's net assets have evolved over time, based on quarterly financial data. See 2211 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Evergreen Steel Corp (2016–2025)
The table below shows the annual net assets of Evergreen Steel Corp from 2016 to 2025. For live valuation and market cap data, see Evergreen Steel Corp (2211) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$30.95 Billion ≈ $975.24 Million |
-2.63% |
| 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 79.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$10.30 Billion | 37.69% |
| Common Stock | NT$4.17 Billion | 15.27% |
| Other Comprehensive Income | NT$11.59 Billion | 42.43% |
| Other Components | NT$1.26 Billion | 4.61% |
| Total Equity | NT$27.32 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 |
|---|---|
|
KBC Corporation Ltd
SHG:688598
|
$1.26 Billion |
|
FLEX LNG Ltd
F:0QQA
|
$1.26 Billion |
|
Carlsberg Brewery Malaysia Bhd
KLSE:2836
|
$1.26 Billion |
|
Fushun Special Steel Co Ltd
SHG:600399
|
$1.26 Billion |
|
ATRESM.C.D.M.ADR/1/EO-75
F:YT2
|
$1.26 Billion |
|
Elsight Ltd
AU:ELS
|
$1.26 Billion |
|
Is Yatirim Menkul Degerler AS
IS:ISMEN
|
$1.26 Billion |
|
ProAssurance Corporation
NYSE:PRA
|
$1.26 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 2024 to 2025, total equity changed from 28,344,108,000 to 27,320,497,000, a change of -1,023,611,000 (-3.6%).
- Net income of 3,587,049,000 contributed positively to equity growth.
- Dividend payments of 2,085,456,999 reduced retained earnings.
- Other comprehensive income decreased equity by 2,285,822,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.59 Billion | +13.13% |
| Dividends Paid | NT$2.09 Billion | -7.63% |
| Other Comprehensive Income | NT$-2.29 Billion | -8.37% |
| Other Changes | NT$-239.38 Million | -0.88% |
| Total Change | NT$- | -3.61% |
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: 1.66x
- 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 3.41x to 1.66x 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$95.90 | x |
| 2017-12-31 | NT$31.03 | NT$95.90 | x |
| 2018-12-31 | NT$31.92 | NT$95.90 | x |
| 2019-12-31 | NT$32.66 | NT$95.90 | x |
| 2020-12-31 | NT$35.52 | NT$95.90 | x |
| 2021-12-31 | NT$56.48 | NT$95.90 | x |
| 2022-12-31 | NT$51.77 | NT$95.90 | x |
| 2023-12-31 | NT$58.25 | NT$95.90 | x |
| 2024-12-31 | NT$67.92 | NT$95.90 | x |
| 2025-12-31 | NT$57.65 | NT$95.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Evergreen Steel Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.13%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.41%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.44x
- Recent ROE (13.13%) is above the historical average (9.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.78% | 7.65% | 0.62x | 1.42x | NT$-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 |
| 2025 | 13.13% | 23.41% | 0.39x | 1.44x | NT$855.00 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: $79,182,290,000
- Average return on equity (ROE) among peers: 1.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Evergreen Steel Corp (2211) | NT$30.96 Billion | 6.78% | 0.26x | $1.26 Billion |
| Walsin Lihwa Corp (1605) | $62.20 Billion | -4.32% | 0.82x | $5.47 Billion |
| China Steel Corp (2002) | $341.49 Billion | 0.58% | 1.04x | $8.96 Billion |
| China Steel Corp Pref (2002A) | $320.72 Billion | 2.37% | 1.11x | $46.12 Million |
| Tung Ho Steel Enterprise Corp (2006) | $24.01 Billion | 3.70% | 1.02x | $1.58 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $6.79 Billion | -10.23% | 0.73x | $123.88 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $2.77 Billion | -1.18% | 1.40x | $185.50 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $12.06 Billion | 7.26% | 0.68x | $502.98 Million |
| Chun Yu Works & Co Ltd (2012) | $2.84 Billion | 11.52% | 1.48x | $125.58 Million |
| China Steel Structure Co Ltd (2013) | $4.37 Billion | 3.96% | 2.42x | $271.89 Million |
| Chung Hung Steel Corp (2014) | $14.57 Billion | 0.07% | 1.09x | $807.31 Million |
About Evergreen Steel Corp
Evergreen Steel Corp., together with its subsidiaries, engages in the steel structure engineering and environmental protection businesses in Taiwan. The company offers construction and engineering services for factories, high-rise, bridges, and special buildings; manufacturing and assembly of steel structures; and maintenance and repair of containers. It is also involved in general and business w… Read more