Yang Ming Marine Transport Corp
Yang Ming Marine Transport Corporation, together with its subsidiaries, provides shipping, repair, and chartering services in Taiwan, the America, Europe, Asia, and internationally. The company purchases and sells ships, containers, and chassis. It acts as a property, shipping, and forwarding and inland forwarding agent, as well as a shipping manager. In addition, it provides warehouse and termin… Read more
Yang Ming Marine Transport Corp (2609) - Net Assets
Latest net assets as of September 2025: NT$321.03 Billion TWD
Based on the latest financial reports, Yang Ming Marine Transport Corp (2609) has net assets worth NT$321.03 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$448.86 Billion) and total liabilities (NT$127.83 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$321.03 Billion |
| % of Total Assets | 71.52% |
| Annual Growth Rate | 11.5% |
| 5-Year Change | 839.36% |
| 10-Year Change | 975.64% |
| Growth Volatility | 112.46 |
Yang Ming Marine Transport Corp - Net Assets Trend (2000–2024)
This chart illustrates how Yang Ming Marine Transport Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Yang Ming Marine Transport Corp (2000–2024)
The table below shows the annual net assets of Yang Ming Marine Transport Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$341.31 Billion | +22.91% |
| 2023-12-31 | NT$277.70 Billion | -19.22% |
| 2022-12-31 | NT$343.79 Billion | +46.71% |
| 2021-12-31 | NT$234.32 Billion | +544.90% |
| 2020-12-31 | NT$36.33 Billion | +112.71% |
| 2019-12-31 | NT$17.08 Billion | -15.83% |
| 2018-12-31 | NT$20.29 Billion | -23.44% |
| 2017-12-31 | NT$26.51 Billion | +62.85% |
| 2016-12-31 | NT$16.28 Billion | -48.70% |
| 2015-12-31 | NT$31.73 Billion | -8.40% |
| 2014-12-31 | NT$34.64 Billion | +3.18% |
| 2013-12-31 | NT$33.57 Billion | -8.51% |
| 2012-12-31 | NT$36.70 Billion | +20.70% |
| 2011-12-31 | NT$30.40 Billion | -28.97% |
| 2010-12-31 | NT$42.80 Billion | +32.90% |
| 2009-12-31 | NT$32.21 Billion | -32.14% |
| 2008-12-31 | NT$47.46 Billion | -6.74% |
| 2007-12-31 | NT$50.89 Billion | +17.78% |
| 2006-12-31 | NT$43.21 Billion | -9.08% |
| 2005-12-31 | NT$47.52 Billion | +8.41% |
| 2004-12-31 | NT$43.84 Billion | +31.68% |
| 2003-12-31 | NT$33.29 Billion | +36.68% |
| 2002-12-31 | NT$24.36 Billion | +1.26% |
| 2001-12-31 | NT$24.05 Billion | -3.96% |
| 2000-12-31 | NT$25.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yang Ming Marine Transport 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 21946.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$231.88 Billion | 68.09% |
| Common Stock | NT$34.92 Billion | 10.25% |
| Other Comprehensive Income | NT$45.76 Billion | 13.44% |
| Other Components | NT$27.98 Billion | 8.21% |
| Total Equity | NT$340.54 Billion | 100.00% |
Yang Ming Marine Transport Corp Competitors by Market Cap
The table below lists competitors of Yang Ming Marine Transport Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RadNet Inc
NASDAQ:RDNT
|
$4.18 Billion |
|
China Avionics Systems Co Ltd
SHG:600372
|
$4.19 Billion |
|
Hubei Dinglong Chemical
SHE:300054
|
$4.19 Billion |
|
Qube Holdings Limited
PINK:QUBHF
|
$4.20 Billion |
|
PHILLIPS EDISON DL -01
F:9R4
|
$4.18 Billion |
|
CommScope Holding Co Inc
NASDAQ:COMM
|
$4.18 Billion |
|
Darktrace plc
PINK:DRKTY
|
$4.18 Billion |
|
Liberty Media Corporation
PINK:LLYVB
|
$4.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yang Ming Marine Transport Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 276,977,912,000 to 340,538,392,000, a change of 63,560,480,000 (22.9%).
- Net income of 64,179,071,000 contributed positively to equity growth.
- Dividend payments of 6,984,208,000 reduced retained earnings.
- Other comprehensive income increased equity by 7,685,181,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$64.18 Billion | +18.85% |
| Dividends Paid | NT$6.98 Billion | -2.05% |
| Other Comprehensive Income | NT$7.69 Billion | +2.26% |
| Other Changes | NT$-1.32 Billion | -0.39% |
| Total Change | NT$- | 22.95% |
Book Value vs Market Value Analysis
This analysis compares Yang Ming Marine Transport 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: 0.60x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.83x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$31.96 | NT$58.50 | x |
| 2007-12-31 | NT$37.57 | NT$58.50 | x |
| 2008-12-31 | NT$34.96 | NT$58.50 | x |
| 2009-12-31 | NT$23.68 | NT$58.50 | x |
| 2010-12-31 | NT$31.29 | NT$58.50 | x |
| 2011-12-31 | NT$21.88 | NT$58.50 | x |
| 2012-12-31 | NT$21.12 | NT$58.50 | x |
| 2013-12-31 | NT$20.96 | NT$58.50 | x |
| 2014-12-31 | NT$21.59 | NT$58.50 | x |
| 2015-12-31 | NT$18.94 | NT$58.50 | x |
| 2016-12-31 | NT$9.77 | NT$58.50 | x |
| 2017-12-31 | NT$13.93 | NT$58.50 | x |
| 2018-12-31 | NT$7.62 | NT$58.50 | x |
| 2019-12-31 | NT$6.33 | NT$58.50 | x |
| 2020-12-31 | NT$10.70 | NT$58.50 | x |
| 2021-12-31 | NT$68.27 | NT$58.50 | x |
| 2022-12-31 | NT$97.13 | NT$58.50 | x |
| 2023-12-31 | NT$79.24 | NT$58.50 | x |
| 2024-12-31 | NT$97.21 | NT$58.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yang Ming Marine Transport Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.85%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.82%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.42x
- Recent ROE (18.85%) is above the historical average (1.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 4.79% | 2.30% | 1.03x | 2.03x | NT$-1.30 Billion |
| 2002 | 4.66% | 2.12% | 0.90x | 2.45x | NT$-1.30 Billion |
| 2003 | 19.97% | 9.15% | 0.99x | 2.21x | NT$3.32 Billion |
| 2004 | 22.35% | 11.06% | 0.98x | 2.05x | NT$5.41 Billion |
| 2005 | 19.63% | 9.46% | 1.07x | 1.94x | NT$4.54 Billion |
| 2006 | 2.67% | 1.07% | 1.12x | 2.25x | NT$-3.14 Billion |
| 2007 | 11.94% | 4.50% | 1.18x | 2.24x | NT$976.94 Million |
| 2008 | 1.16% | 0.40% | 1.22x | 2.40x | NT$-4.15 Billion |
| 2009 | -49.88% | -17.82% | 0.78x | 3.58x | NT$-19.02 Billion |
| 2010 | 28.03% | 9.03% | 0.98x | 3.18x | NT$7.58 Billion |
| 2011 | -32.03% | -7.93% | 0.92x | 4.41x | NT$-12.33 Billion |
| 2012 | 0.16% | 0.04% | 0.95x | 4.23x | NT$-3.24 Billion |
| 2013 | -9.02% | -2.48% | 0.84x | 4.35x | NT$-6.21 Billion |
| 2014 | 1.22% | 0.31% | 0.91x | 4.42x | NT$-2.95 Billion |
| 2015 | -24.88% | -6.05% | 0.82x | 4.99x | NT$-10.83 Billion |
| 2016 | -94.33% | -12.92% | 0.85x | 8.61x | NT$-16.49 Billion |
| 2017 | 1.23% | 0.24% | 0.99x | 5.10x | NT$-2.28 Billion |
| 2018 | -33.24% | -4.65% | 1.01x | 7.06x | NT$-8.57 Billion |
| 2019 | -24.28% | -2.68% | 0.78x | 11.60x | NT$-5.64 Billion |
| 2020 | 33.57% | 7.92% | 0.78x | 5.46x | NT$8.41 Billion |
| 2021 | 70.72% | 49.53% | 0.87x | 1.64x | NT$141.90 Billion |
| 2022 | 52.66% | 48.04% | 0.74x | 1.48x | NT$146.30 Billion |
| 2023 | 1.72% | 3.39% | 0.36x | 1.42x | NT$-22.92 Billion |
| 2024 | 18.85% | 28.82% | 0.46x | 1.42x | NT$30.13 Billion |
Industry Comparison
This section compares Yang Ming Marine Transport Corp's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $16,917,384,882
- Average return on equity (ROE) among peers: 9.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yang Ming Marine Transport Corp (2609) | NT$321.03 Billion | 4.79% | 0.40x | $4.18 Billion |
| Evergreen Marine Corp Taiwan Ltd (2603) | $70.22 Billion | 21.60% | 0.85x | $11.43 Billion |
| Sincere Navigation Corp (2605) | $14.65 Billion | 14.36% | 0.77x | $451.14 Million |
| U-Ming Marine Transport Corp (2606) | $23.18 Billion | 3.79% | 1.62x | $907.57 Million |
| Tze Shin International Co Ltd (2611) | $2.79 Billion | 0.36% | 0.57x | $49.39 Million |
| China Container Terminal Corp (2613) | $906.02 Million | 3.67% | 3.42x | $55.33 Million |
| Wan Hai Lines Ltd (2615) | $34.18 Billion | 7.44% | 1.24x | $3.69 Billion |
| Taiwan Navigation Co Ltd (2617) | $3.75 Billion | 4.56% | 0.51x | $217.02 Million |
| Wisdom Marine Lines Co Ltd (2637) | $1.26 Billion | 23.34% | 1.37x | $830.08 Million |
| Franbo Lines (2641) | $1.32 Billion | 4.00% | 1.46x | $142.71 Million |