C Sun Manufacturing Ltd
C Sun Mfg Ltd., together with its subsidiaries, provides various processing equipment in Taiwan, China, and internationally. It offers printed circuit board processing equipment, including exposure systems, preheaters, laminators/coaters, Mylar peelers, and other equipment; touch panel processing equipment; semiconductor processing equipment, such as plasma equipment, and peelers and laminators; … Read more
C Sun Manufacturing Ltd (2467) - Net Assets
Latest net assets as of September 2025: NT$5.72 Billion TWD
Based on the latest financial reports, C Sun Manufacturing Ltd (2467) has net assets worth NT$5.72 Billion 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$13.20 Billion) and total liabilities (NT$7.48 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$5.72 Billion |
| % of Total Assets | 43.32% |
| Annual Growth Rate | 7.34% |
| 5-Year Change | 95.74% |
| 10-Year Change | 152.19% |
| Growth Volatility | 14.72 |
C Sun Manufacturing Ltd - Net Assets Trend (2003–2024)
This chart illustrates how C Sun Manufacturing 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 C Sun Manufacturing Ltd (2003–2024)
The table below shows the annual net assets of C Sun Manufacturing Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.25 Billion | +53.78% |
| 2023-12-31 | NT$3.41 Billion | -1.82% |
| 2022-12-31 | NT$3.48 Billion | +14.04% |
| 2021-12-31 | NT$3.05 Billion | +13.69% |
| 2020-12-31 | NT$2.68 Billion | +1.21% |
| 2019-12-31 | NT$2.65 Billion | -2.53% |
| 2018-12-31 | NT$2.72 Billion | +14.32% |
| 2017-12-31 | NT$2.38 Billion | +16.01% |
| 2016-12-31 | NT$2.05 Billion | -1.53% |
| 2015-12-31 | NT$2.08 Billion | -30.41% |
| 2014-12-31 | NT$2.99 Billion | +4.98% |
| 2013-12-31 | NT$2.85 Billion | +3.79% |
| 2012-12-31 | NT$2.75 Billion | +0.15% |
| 2011-12-31 | NT$2.74 Billion | +8.03% |
| 2010-12-31 | NT$2.54 Billion | +12.22% |
| 2009-12-31 | NT$2.26 Billion | +7.24% |
| 2008-12-31 | NT$2.11 Billion | -1.31% |
| 2007-12-31 | NT$2.14 Billion | +12.69% |
| 2006-12-31 | NT$1.90 Billion | +16.75% |
| 2005-12-31 | NT$1.62 Billion | +19.23% |
| 2004-12-31 | NT$1.36 Billion | +14.78% |
| 2003-12-31 | NT$1.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to C Sun Manufacturing 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 1719.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.07 Billion | 22.08% |
| Other Components | NT$3.78 Billion | 77.92% |
| Total Equity | NT$4.86 Billion | 100.00% |
C Sun Manufacturing Ltd Competitors by Market Cap
The table below lists competitors of C Sun Manufacturing Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
International Petroleum Corporation
PINK:IPCFF
|
$787.64 Million |
|
EXEDY CORP.
F:64M
|
$787.84 Million |
|
Tangshan Jidong Cement Co Ltd
SHE:000401
|
$788.07 Million |
|
HBM HLDGS LTD DL-000025
F:6XY
|
$788.14 Million |
|
Suzhou Jinfu New Material Co
SHE:300128
|
$787.52 Million |
|
Stanley Fertilizer Co Ltd
SHE:002588
|
$787.44 Million |
|
Biotage AB
ST:BIOT
|
$787.18 Million |
|
Dynavox Group
ST:DYVOX
|
$786.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in C Sun Manufacturing Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,089,202,000 to 4,857,404,000, a change of 1,768,202,000 (57.2%).
- Net income of 719,160,000 contributed positively to equity growth.
- Dividend payments of 449,227,000 reduced retained earnings.
- Share repurchases of 186,041,000 reduced equity.
- New share issuances of 106,160,000 increased equity.
- Other comprehensive income decreased equity by 825,421,000.
- Other factors increased equity by 2,403,571,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$719.16 Million | +14.81% |
| Dividends Paid | NT$449.23 Million | -9.25% |
| Share Repurchases | NT$186.04 Million | -3.83% |
| Share Issuances | NT$106.16 Million | +2.19% |
| Other Comprehensive Income | NT$-825.42 Million | -16.99% |
| Other Changes | NT$2.40 Billion | +49.48% |
| Total Change | NT$- | 57.24% |
Book Value vs Market Value Analysis
This analysis compares C Sun Manufacturing 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: 11.22x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 26.15x to 11.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$13.90 | NT$363.50 | x |
| 2010-12-31 | NT$15.29 | NT$363.50 | x |
| 2011-12-31 | NT$15.87 | NT$363.50 | x |
| 2012-12-31 | NT$15.71 | NT$363.50 | x |
| 2013-12-31 | NT$16.59 | NT$363.50 | x |
| 2014-12-31 | NT$17.14 | NT$363.50 | x |
| 2015-12-31 | NT$13.13 | NT$363.50 | x |
| 2016-12-31 | NT$12.47 | NT$363.50 | x |
| 2017-12-31 | NT$14.45 | NT$363.50 | x |
| 2018-12-31 | NT$16.38 | NT$363.50 | x |
| 2019-12-31 | NT$15.99 | NT$363.50 | x |
| 2020-12-31 | NT$15.99 | NT$363.50 | x |
| 2021-12-31 | NT$18.06 | NT$363.50 | x |
| 2022-12-31 | NT$20.34 | NT$363.50 | x |
| 2023-12-31 | NT$19.82 | NT$363.50 | x |
| 2024-12-31 | NT$32.39 | NT$363.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently C Sun Manufacturing Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.81%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.93%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 2.22x
- Recent ROE (14.81%) is above the historical average (12.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 4.83% | 4.32% | 0.79x | 1.42x | NT$-61.33 Million |
| 2004 | 14.41% | 10.36% | 1.01x | 1.37x | NT$60.11 Million |
| 2005 | 14.47% | 11.85% | 0.90x | 1.36x | NT$72.60 Million |
| 2006 | 18.79% | 13.41% | 0.94x | 1.49x | NT$166.74 Million |
| 2007 | 11.81% | 8.80% | 0.86x | 1.56x | NT$38.73 Million |
| 2008 | 8.74% | 6.11% | 0.81x | 1.76x | NT$-26.62 Million |
| 2009 | 5.56% | 6.39% | 0.54x | 1.61x | NT$-100.47 Million |
| 2010 | 16.70% | 11.51% | 0.88x | 1.64x | NT$170.05 Million |
| 2011 | 14.82% | 9.00% | 0.91x | 1.82x | NT$128.64 Million |
| 2012 | 10.01% | 7.23% | 0.71x | 1.94x | NT$255.80K |
| 2013 | 10.21% | 8.31% | 0.63x | 1.96x | NT$5.99 Million |
| 2014 | 8.44% | 6.50% | 0.61x | 2.12x | NT$-44.96 Million |
| 2015 | -22.65% | -14.75% | 0.60x | 2.55x | NT$-714.83 Million |
| 2016 | 10.61% | 5.41% | 0.72x | 2.74x | NT$11.99 Million |
| 2017 | 17.60% | 8.06% | 0.85x | 2.59x | NT$174.07 Million |
| 2018 | 21.44% | 9.76% | 0.88x | 2.51x | NT$296.84 Million |
| 2019 | 12.43% | 7.04% | 0.69x | 2.55x | NT$61.13 Million |
| 2020 | 17.48% | 10.74% | 0.61x | 2.69x | NT$187.80 Million |
| 2021 | 23.35% | 11.54% | 0.78x | 2.59x | NT$377.46 Million |
| 2022 | 22.53% | 13.40% | 0.66x | 2.57x | NT$399.91 Million |
| 2023 | 15.74% | 13.41% | 0.45x | 2.59x | NT$177.40 Million |
| 2024 | 14.81% | 14.93% | 0.45x | 2.22x | NT$233.42 Million |
Industry Comparison
This section compares C Sun Manufacturing Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $13,532,689,500
- Average return on equity (ROE) among peers: 12.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| C Sun Manufacturing Ltd (2467) | NT$5.72 Billion | 4.83% | 1.31x | $787.59 Million |
| TECO Electric & Machinery Co Ltd (1504) | $61.70 Billion | 5.22% | 0.61x | $3.79 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $19.24 Billion | 18.82% | 1.56x | $1.96 Billion |
| Anderson Industrial Corp (1528) | $2.30 Billion | -6.77% | 1.31x | $87.63 Million |
| Awea Mechantronic Co Ltd (1530) | $3.16 Billion | 4.15% | 0.97x | $20.63 Million |
| Kaulin Mfg (1531) | $4.60 Billion | 7.11% | 0.29x | $39.04 Million |
| Chiu Ting Machinery Co Ltd (1539) | $990.48 Million | 22.54% | 1.99x | $14.13 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.20 Billion | 23.81% | 0.57x | $45.90 Million |
| Sinmag Equipment (1580) | $2.98 Billion | 20.23% | 0.34x | $131.61 Million |
| Goodway Machine Corp (1583) | $4.00 Billion | 10.09% | 1.15x | $28.04 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $3.89 Billion |