Chinese Maritime Transport Ltd (2612) - Net Assets
Based on the latest financial reports, Chinese Maritime Transport Ltd (2612) has net assets worth NT$12.83 Billion TWD (≈ $404.10 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$25.38 Billion ≈ $799.75 Million USD) and total liabilities (NT$12.56 Billion ≈ $395.65 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 resilience ratio of Chinese Maritime Transport Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$12.83 Billion |
| % of Total Assets | 50.53% |
| Annual Growth Rate | 8.41% |
| 5-Year Change | 39.99% |
| 10-Year Change | 22.51% |
| Growth Volatility | 15.12 |
Chinese Maritime Transport Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Chinese Maritime Transport Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Chinese Maritime Transport Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Chinese Maritime Transport Ltd (2002–2024)
The table below shows the annual net assets of Chinese Maritime Transport Ltd from 2002 to 2024. For live valuation and market cap data, see Chinese Maritime Transport Ltd (2612) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$13.65 Billion ≈ $430.00 Million |
+17.16% |
| 2023-12-31 | NT$11.65 Billion ≈ $367.02 Million |
-0.02% |
| 2022-12-31 | NT$11.65 Billion ≈ $367.09 Million |
+11.73% |
| 2021-12-31 | NT$10.43 Billion ≈ $328.54 Million |
+6.96% |
| 2020-12-31 | NT$9.75 Billion ≈ $307.18 Million |
-1.86% |
| 2019-12-31 | NT$9.93 Billion ≈ $312.99 Million |
-2.48% |
| 2018-12-31 | NT$10.19 Billion ≈ $320.94 Million |
+8.06% |
| 2017-12-31 | NT$9.43 Billion ≈ $296.99 Million |
-8.69% |
| 2016-12-31 | NT$10.32 Billion ≈ $325.25 Million |
-7.33% |
| 2015-12-31 | NT$11.14 Billion ≈ $350.99 Million |
+3.85% |
| 2014-12-31 | NT$10.73 Billion ≈ $337.98 Million |
+5.96% |
| 2013-12-31 | NT$10.12 Billion ≈ $318.96 Million |
+3.73% |
| 2012-12-31 | NT$9.76 Billion ≈ $307.48 Million |
-4.52% |
| 2011-12-31 | NT$10.22 Billion ≈ $322.03 Million |
+11.32% |
| 2010-12-31 | NT$9.18 Billion ≈ $289.29 Million |
-4.84% |
| 2009-12-31 | NT$9.65 Billion ≈ $304.00 Million |
+9.97% |
| 2008-12-31 | NT$8.77 Billion ≈ $276.45 Million |
+45.75% |
| 2007-12-31 | NT$6.02 Billion ≈ $189.67 Million |
+42.20% |
| 2006-12-31 | NT$4.23 Billion ≈ $133.39 Million |
+37.63% |
| 2005-12-31 | NT$3.08 Billion ≈ $96.92 Million |
+23.22% |
| 2004-12-31 | NT$2.50 Billion ≈ $78.66 Million |
-1.96% |
| 2003-12-31 | NT$2.55 Billion ≈ $80.23 Million |
+10.21% |
| 2002-12-31 | NT$2.31 Billion ≈ $72.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chinese Maritime Transport 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 10824.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$8.20 Billion | 60.14% |
| Common Stock | NT$1.97 Billion | 14.49% |
| Other Components | NT$3.46 Billion | 25.36% |
| Total Equity | NT$13.63 Billion | 100.00% |
Chinese Maritime Transport Ltd Competitors by Market Cap
The table below lists competitors of Chinese Maritime Transport Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Seah Steel Corp
KO:306200
|
$336.63 Million |
|
BRASI.CIA BRAS.D.PROP.ADR
F:52BA
|
$336.70 Million |
|
Profit Cultural & Creative Group Co Ltd
SHE:300640
|
$336.76 Million |
|
Guangzhou LBP Medicine Science & Technology Co Ltd
SHG:688393
|
$336.82 Million |
|
Neurogene Inc
NASDAQ:NGNE
|
$336.56 Million |
|
HCK Capital Group Bhd
KLSE:7105
|
$336.41 Million |
|
Youdao Inc
NYSE:DAO
|
$336.27 Million |
|
Echomarketing Co.Ltd
KQ:230360
|
$336.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chinese Maritime Transport Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,584,471,000 to 13,628,035,000, a change of 2,043,564,000 (17.6%).
- Net income of 1,012,798,000 contributed positively to equity growth.
- Dividend payments of 197,485,000 reduced retained earnings.
- Other factors increased equity by 1,228,251,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.01 Billion | +7.43% |
| Dividends Paid | NT$197.49 Million | -1.45% |
| Other Changes | NT$1.23 Billion | +9.01% |
| Total Change | NT$- | 17.64% |
Book Value vs Market Value Analysis
This analysis compares Chinese Maritime Transport 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: 0.79x
- 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 2.29x to 0.79x 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$23.58 | NT$54.10 | x |
| 2007-12-31 | NT$30.46 | NT$54.10 | x |
| 2008-12-31 | NT$44.16 | NT$54.10 | x |
| 2009-12-31 | NT$48.76 | NT$54.10 | x |
| 2010-12-31 | NT$46.46 | NT$54.10 | x |
| 2011-12-31 | NT$51.70 | NT$54.10 | x |
| 2012-12-31 | NT$49.39 | NT$54.10 | x |
| 2013-12-31 | NT$51.24 | NT$54.10 | x |
| 2014-12-31 | NT$54.27 | NT$54.10 | x |
| 2015-12-31 | NT$43.39 | NT$54.10 | x |
| 2016-12-31 | NT$44.15 | NT$54.10 | x |
| 2017-12-31 | NT$47.72 | NT$54.10 | x |
| 2018-12-31 | NT$51.53 | NT$54.10 | x |
| 2019-12-31 | NT$50.26 | NT$54.10 | x |
| 2020-12-31 | NT$49.34 | NT$54.10 | x |
| 2021-12-31 | NT$52.66 | NT$54.10 | x |
| 2022-12-31 | NT$58.88 | NT$54.10 | x |
| 2023-12-31 | NT$58.63 | NT$54.10 | x |
| 2024-12-31 | NT$68.91 | NT$54.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chinese Maritime Transport Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.43%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.84%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.01x
- Recent ROE (7.43%) is below the historical average (12.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.73% | 11.18% | 0.50x | 1.57x | NT$-29.45 Million |
| 2003 | 11.00% | 23.60% | 0.38x | 1.22x | NT$25.56 Million |
| 2004 | 10.55% | 11.62% | 0.46x | 1.97x | NT$13.74 Million |
| 2005 | 17.59% | 19.87% | 0.41x | 2.18x | NT$233.49 Million |
| 2006 | 33.13% | 38.43% | 0.38x | 2.25x | NT$979.24 Million |
| 2007 | 38.43% | 48.79% | 0.36x | 2.20x | NT$1.71 Billion |
| 2008 | 48.42% | 66.42% | 0.37x | 2.00x | NT$3.37 Billion |
| 2009 | 29.76% | 59.46% | 0.25x | 1.98x | NT$1.91 Billion |
| 2010 | 21.04% | 46.20% | 0.25x | 1.82x | NT$1.01 Billion |
| 2011 | 9.82% | 29.37% | 0.17x | 1.94x | NT$-18.04 Million |
| 2012 | 5.87% | 15.64% | 0.16x | 2.31x | NT$-403.14 Million |
| 2013 | 3.92% | 11.90% | 0.15x | 2.18x | NT$-615.75 Million |
| 2014 | 3.10% | 9.53% | 0.16x | 1.99x | NT$-740.04 Million |
| 2015 | 2.99% | 9.90% | 0.16x | 1.91x | NT$-781.27 Million |
| 2016 | 0.46% | 1.46% | 0.15x | 2.08x | NT$-984.41 Million |
| 2017 | 1.04% | 3.05% | 0.16x | 2.13x | NT$-844.62 Million |
| 2018 | 5.04% | 13.45% | 0.19x | 2.00x | NT$-504.97 Million |
| 2019 | 3.26% | 8.61% | 0.19x | 2.01x | NT$-669.59 Million |
| 2020 | 3.37% | 10.51% | 0.16x | 2.00x | NT$-645.95 Million |
| 2021 | 10.00% | 29.28% | 0.19x | 1.83x | NT$-457.20K |
| 2022 | 6.58% | 17.37% | 0.22x | 1.76x | NT$-398.14 Million |
| 2023 | 2.83% | 8.18% | 0.17x | 2.02x | NT$-830.12 Million |
| 2024 | 7.43% | 21.84% | 0.17x | 2.01x | NT$-350.01 Million |
Industry Comparison
This section compares Chinese Maritime Transport Ltd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $3,763,440,000
- Average return on equity (ROE) among peers: 14.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chinese Maritime Transport Ltd (2612) | NT$12.83 Billion | 8.73% | 0.98x | $336.60 Million |
| Lily Textile Co Ltd (1443) | $788.95 Million | -5.95% | 6.21x | $90.40 Million |
| Evergreen International Storage & Transport Corp (2607) | $18.15 Billion | 3.01% | 0.95x | $797.65 Million |
| T3EX Global Holdings Corp (2636) | $2.39 Billion | 10.04% | 1.16x | $289.54 Million |
| Taiwan Pelican Express Co Ltd (2642) | $1.62 Billion | 6.23% | 0.34x | $6.59K |
| Soonest Express Co Ltd (2643) | $955.56 Million | 22.34% | 0.66x | $73.77 Million |
| Taiwan Allied Container Terminal (5601) | $1.37 Billion | 1.39% | 0.35x | $73.50 Million |
| Sea & Land Integrated Co (5603) | $1.95 Billion | 38.14% | 0.50x | $54.52 Million |
| Dimerco Express (5609) | $2.88 Billion | 37.72% | 1.33x | $345.87 Million |
About Chinese Maritime Transport Ltd
Chinese Maritime Transport Ltd., together with its subsidiaries, operates bulk carriers, and inland container transportation and terminals in Asia, the United States, Europe, and Oceania. It operates through Land Transportation, Logistics, and Sea Transportation segments. The company is involved in container transportation, warehousing and freight agent, bulk carrier, and travel business; manufac… Read more