HORNG SHIUE HOLDING Co Ltd (2243) - Net Assets
Based on the latest financial reports, HORNG SHIUE HOLDING Co Ltd (2243) has net assets worth NT$888.64 Million TWD (≈ $28.00 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$3.23 Billion ≈ $101.70 Million USD) and total liabilities (NT$2.34 Billion ≈ $73.70 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 asset allocation strategy of HORNG SHIUE HOLDING Co Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$888.64 Million |
| % of Total Assets | 27.53% |
| Annual Growth Rate | 7.3% |
| 5-Year Change | 64.34% |
| 10-Year Change | -7.09% |
| Growth Volatility | 29.32 |
HORNG SHIUE HOLDING Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how HORNG SHIUE HOLDING Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 2243 stock market capitalisation.
Annual Net Assets for HORNG SHIUE HOLDING Co Ltd (2014–2025)
The table below shows the annual net assets of HORNG SHIUE HOLDING Co Ltd from 2014 to 2025. Also explore HORNG SHIUE HOLDING Co Ltd (2243) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$807.09 Million ≈ $25.43 Million |
+8.48% |
| 2024-12-31 | NT$744.01 Million ≈ $23.44 Million |
+9.64% |
| 2023-12-31 | NT$678.61 Million ≈ $21.38 Million |
+38.22% |
| 2022-12-31 | NT$490.97 Million ≈ $15.47 Million |
-0.03% |
| 2021-12-31 | NT$491.11 Million ≈ $15.47 Million |
-10.89% |
| 2020-12-31 | NT$551.11 Million ≈ $17.36 Million |
-33.23% |
| 2019-12-31 | NT$825.35 Million ≈ $26.00 Million |
-14.48% |
| 2018-12-31 | NT$965.12 Million ≈ $30.41 Million |
-4.46% |
| 2017-12-31 | NT$1.01 Billion ≈ $31.82 Million |
+16.28% |
| 2016-12-31 | NT$868.73 Million ≈ $27.37 Million |
+81.05% |
| 2015-12-31 | NT$479.82 Million ≈ $15.12 Million |
+29.09% |
| 2014-12-31 | NT$371.69 Million ≈ $11.71 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 1936.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$693.74 Million | 82.20% |
| Other Comprehensive Income | NT$672.99 Million | 79.74% |
| Total Equity | NT$843.97 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 |
|---|---|
|
N. Varveris-Moda Bagno S.A
AT:MODA
|
$107.22 Million |
|
Innovate Corp
NYSE:VATE
|
$107.23 Million |
|
Twinhead International Corp
TW:2364
|
$107.29 Million |
|
BRIG.M3 EUROP.ACQ.A-0001
F:KN2
|
$107.30 Million |
|
ELK-Desa Resources Bhd
KLSE:5228
|
$107.19 Million |
|
Eva Live Inc. Common Stock
NASDAQ:GOAI
|
$107.18 Million |
|
Sunfon Construction Co Ltd
TWO:5514
|
$107.11 Million |
|
Arihant Superstructures Limited
NSE:ARIHANTSUP
|
$107.09 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 2024 to 2025, total equity changed from 744,013,000 to 843,968,000, a change of 99,955,000 (13.4%).
- Net income of 84,591,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 688,349,999.
- Other factors decreased equity by 672,985,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$84.59 Million | +10.02% |
| Other Comprehensive Income | NT$688.35 Million | +81.56% |
| Other Changes | NT$-672.99 Million | -79.74% |
| Total Change | NT$- | 13.43% |
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: 4.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | NT$12.10 | NT$49.05 | x |
| 2015-12-31 | NT$15.62 | NT$49.05 | x |
| 2016-12-31 | NT$26.70 | NT$49.05 | x |
| 2017-12-31 | NT$25.80 | NT$49.05 | x |
| 2018-12-31 | NT$22.66 | NT$49.05 | x |
| 2019-12-31 | NT$18.66 | NT$49.05 | x |
| 2020-12-31 | NT$11.77 | NT$49.05 | x |
| 2021-12-31 | NT$10.95 | NT$49.05 | x |
| 2022-12-31 | NT$10.87 | NT$49.05 | x |
| 2023-12-31 | NT$10.41 | NT$49.05 | x |
| 2024-12-31 | NT$10.87 | NT$49.05 | x |
| 2025-12-31 | NT$12.17 | NT$49.05 | 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): 10.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.86%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 4.01x
- Recent ROE (10.02%) is above the historical average (-4.12%), 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 |
| 2025 | 10.02% | 4.86% | 0.51x | 4.01x | NT$194.20K |
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: $4,214,449,200
- Average return on equity (ROE) among peers: 6.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HORNG SHIUE HOLDING Co Ltd (2243) | NT$888.64 Million | 11.55% | 2.63x | $107.20 Million |
| Tong Yang Industry Co Ltd (1319) | $14.34 Billion | 10.91% | 0.98x | $1.49 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.67 Billion | 4.39% | 0.41x | $40.96 Million |
| Hiroca Holdings Ltd (1338) | $6.10 Billion | 10.37% | 0.41x | $36.51 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $100.89 Million |
| Right Way Industrial Co Ltd (1506) | $1.27 Billion | 3.48% | 1.36x | $92.75 Million |
| Jui Li Enterprise Co Ltd (1512) | $2.29 Billion | 5.43% | 1.47x | $19.15 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.87 Billion | 4.68% | 0.51x | $60.40 Million |
| TYC Brother Industrial Co Ltd (1522) | $5.81 Billion | 1.09% | 2.29x | $254.06 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $135.15 Million |
| Kian Shen Corp (1525) | $3.11 Billion | 10.29% | 0.23x | $150.31 Million |
About 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. The company was founded in 2000 and is headquartered in Grand Cayman, Cayman Islands.