HORNG SHIUE HOLDING Co Ltd
HORNG SHIUE HOLDING Co., Ltd. engages in the manufacture, processing, and trading of automotive sheet metal stamping dies and gauges in China and internationally. It also provides after sales technical consulting services. HORNG SHIUE HOLDING Co., Ltd. was founded in 2000 and is headquartered in Grand Cayman, Cayman Islands.
HORNG SHIUE HOLDING Co Ltd (2243) - Net Assets
Latest net assets as of September 2025: NT$684.94 Million TWD
Based on the latest financial reports, HORNG SHIUE HOLDING Co Ltd (2243) has net assets worth NT$684.94 Million 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$3.23 Billion) and total liabilities (NT$2.54 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$684.94 Million |
| % of Total Assets | 21.21% |
| Annual Growth Rate | 7.19% |
| 5-Year Change | 35.0% |
| 10-Year Change | 55.06% |
| Growth Volatility | 30.74 |
HORNG SHIUE HOLDING Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how HORNG SHIUE HOLDING 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 HORNG SHIUE HOLDING Co Ltd (2014–2024)
The table below shows the annual net assets of HORNG SHIUE HOLDING Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$744.01 Million | +9.64% |
| 2023-12-31 | NT$678.61 Million | +38.22% |
| 2022-12-31 | NT$490.97 Million | -0.03% |
| 2021-12-31 | NT$491.11 Million | -10.89% |
| 2020-12-31 | NT$551.11 Million | -33.23% |
| 2019-12-31 | NT$825.35 Million | -14.48% |
| 2018-12-31 | NT$965.12 Million | -4.46% |
| 2017-12-31 | NT$1.01 Billion | +16.28% |
| 2016-12-31 | NT$868.73 Million | +81.05% |
| 2015-12-31 | NT$479.82 Million | +29.09% |
| 2014-12-31 | NT$371.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HORNG SHIUE HOLDING 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 decreased by 2233.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$693.74 Million | 93.24% |
| Other Comprehensive Income | NT$-15.36 Million | -2.07% |
| Other Components | NT$672.99 Million | 90.45% |
| Total Equity | NT$744.01 Million | 100.00% |
HORNG SHIUE HOLDING Co Ltd Competitors by Market Cap
The table below lists competitors of HORNG SHIUE HOLDING Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Globaltec Formation Bhd
KLSE:5220
|
$23.80 Million |
|
SHL Consolidated Bhd
KLSE:6017
|
$23.80 Million |
|
Jin Yang Pharmaceutical Co. Ltd
KQ:007370
|
$23.80 Million |
|
Ekarat Engineering Public Company Limited
BK:AKR
|
$23.80 Million |
|
American Creek Resources Ltd
OTCQB:ACKRF
|
$23.79 Million |
|
Jorjin Technologies
TWO:4980
|
$23.79 Million |
|
Claranova SE
PA:CLA
|
$23.78 Million |
|
CULP INC. DL-05
F:CUZ
|
$23.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HORNG SHIUE HOLDING Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 678,606,000 to 744,013,000, a change of 65,407,000 (9.6%).
- Net income of 16,734,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 48,673,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$16.73 Million | +2.25% |
| Other Comprehensive Income | NT$48.67 Million | +6.54% |
| Other Changes | NT$-1.00 | -0.0% |
| Total Change | NT$- | 9.64% |
Book Value vs Market Value Analysis
This analysis compares HORNG SHIUE HOLDING 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: 1.73x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.56x to 1.73x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | NT$12.10 | NT$18.85 | x |
| 2015-12-31 | NT$15.62 | NT$18.85 | x |
| 2016-12-31 | NT$26.70 | NT$18.85 | x |
| 2017-12-31 | NT$25.80 | NT$18.85 | x |
| 2018-12-31 | NT$22.66 | NT$18.85 | x |
| 2019-12-31 | NT$18.66 | NT$18.85 | x |
| 2020-12-31 | NT$11.77 | NT$18.85 | x |
| 2021-12-31 | NT$10.95 | NT$18.85 | x |
| 2022-12-31 | NT$10.87 | NT$18.85 | x |
| 2023-12-31 | NT$10.41 | NT$18.85 | x |
| 2024-12-31 | NT$10.87 | NT$18.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HORNG SHIUE HOLDING 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): 2.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.88%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 4.33x
- Recent ROE (2.25%) is above the historical average (-5.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.55% | 2.89% | 0.40x | 10.01x | NT$5.76 Million |
| 2015 | 22.91% | 5.72% | 0.47x | 8.49x | NT$61.96 Million |
| 2016 | 13.89% | 5.78% | 0.55x | 4.34x | NT$33.77 Million |
| 2017 | 4.31% | 2.01% | 0.54x | 3.95x | NT$-57.51 Million |
| 2018 | -3.53% | -1.66% | 0.52x | 4.10x | NT$-130.63 Million |
| 2019 | -15.88% | -7.42% | 0.53x | 4.00x | NT$-213.62 Million |
| 2020 | -51.69% | -37.60% | 0.19x | 7.08x | NT$-340.00 Million |
| 2021 | -16.18% | -5.30% | 0.37x | 8.33x | NT$-128.59 Million |
| 2022 | -5.83% | -1.69% | 0.50x | 6.86x | NT$-77.74 Million |
| 2023 | -21.27% | -8.62% | 0.52x | 4.72x | NT$-212.20 Million |
| 2024 | 2.25% | 0.88% | 0.59x | 4.33x | NT$-57.67 Million |
Industry Comparison
This section compares HORNG SHIUE HOLDING Co Ltd'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 |
|---|---|---|---|---|
| HORNG SHIUE HOLDING Co Ltd (2243) | NT$684.94 Million | 11.55% | 3.71x | $23.79 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 |