Wan Hai Lines Ltd
Wan Hai Lines Ltd. operates as a fully containerized shipping company in Asia, the Middle East, India, Red Sea, the United States, and South America. The company engages in international marine and freight transportation; and management of container. It also provides cargo tracking/terminal info, shipping schedule, documentation, and other services; and storage and logistics, shipping agency, con… Read more
Wan Hai Lines Ltd (2615) - Net Assets
Latest net assets as of September 2025: NT$258.46 Billion TWD
Based on the latest financial reports, Wan Hai Lines Ltd (2615) has net assets worth NT$258.46 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$395.87 Billion) and total liabilities (NT$137.41 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$258.46 Billion |
| % of Total Assets | 65.29% |
| Annual Growth Rate | 12.2% |
| 5-Year Change | 492.27% |
| 10-Year Change | 628.44% |
| Growth Volatility | 46.42 |
Wan Hai Lines Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Wan Hai Lines 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 Wan Hai Lines Ltd (2000–2024)
The table below shows the annual net assets of Wan Hai Lines Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$261.62 Billion | +26.78% |
| 2023-12-31 | NT$206.36 Billion | -8.68% |
| 2022-12-31 | NT$225.97 Billion | +56.30% |
| 2021-12-31 | NT$144.57 Billion | +227.29% |
| 2020-12-31 | NT$44.17 Billion | +21.52% |
| 2019-12-31 | NT$36.35 Billion | +4.40% |
| 2018-12-31 | NT$34.82 Billion | +1.87% |
| 2017-12-31 | NT$34.18 Billion | -0.37% |
| 2016-12-31 | NT$34.31 Billion | -4.48% |
| 2015-12-31 | NT$35.91 Billion | +0.19% |
| 2014-12-31 | NT$35.85 Billion | +14.94% |
| 2013-12-31 | NT$31.19 Billion | +1.80% |
| 2012-12-31 | NT$30.64 Billion | +5.24% |
| 2011-12-31 | NT$29.11 Billion | -9.31% |
| 2010-12-31 | NT$32.10 Billion | +21.44% |
| 2009-12-31 | NT$26.44 Billion | -4.81% |
| 2008-12-31 | NT$27.77 Billion | -17.89% |
| 2007-12-31 | NT$33.82 Billion | +15.53% |
| 2006-12-31 | NT$29.27 Billion | -4.32% |
| 2005-12-31 | NT$30.60 Billion | +17.69% |
| 2004-12-31 | NT$26.00 Billion | +18.58% |
| 2003-12-31 | NT$21.92 Billion | +17.14% |
| 2002-12-31 | NT$18.72 Billion | +19.91% |
| 2001-12-31 | NT$15.61 Billion | -5.40% |
| 2000-12-31 | NT$16.50 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wan Hai Lines 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 9104.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$181.89 Billion | 69.63% |
| Common Stock | NT$28.06 Billion | 10.74% |
| Other Comprehensive Income | NT$51.21 Billion | 19.60% |
| Other Components | NT$48.99 Million | 0.02% |
| Total Equity | NT$261.21 Billion | 100.00% |
Wan Hai Lines Ltd Competitors by Market Cap
The table below lists competitors of Wan Hai Lines Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Swissquote Group Holding Ltd
PINK:SWQGF
|
$3.69 Billion |
|
Global-E Online Ltd
NASDAQ:GLBE
|
$3.70 Billion |
|
Sensient Technologies Corporation
NYSE:SXT
|
$3.70 Billion |
|
Hangzhou Silan Microelectronics Co Ltd
SHG:600460
|
$3.70 Billion |
|
MISC Bhd
KLSE:3816
|
$3.69 Billion |
|
Sam Chun Dang Pharm. Co. Ltd
KQ:000250
|
$3.69 Billion |
|
Great-West Lifeco Inc 4.50% Non-Cum 1st Pfd Shs Ser I
PINK:GRWTF
|
$3.69 Billion |
|
Globalstar Inc
NYSE MKT:GSAT
|
$3.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wan Hai Lines Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 205,998,474,000 to 261,206,941,000, a change of 55,208,467,000 (26.8%).
- Net income of 47,408,570,000 contributed positively to equity growth.
- Dividend payments of 4,209,219,000 reduced retained earnings.
- Other comprehensive income increased equity by 11,935,295,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$47.41 Billion | +18.15% |
| Dividends Paid | NT$4.21 Billion | -1.61% |
| Other Comprehensive Income | NT$11.94 Billion | +4.57% |
| Other Changes | NT$73.82 Million | +0.03% |
| Total Change | NT$- | 26.80% |
Book Value vs Market Value Analysis
This analysis compares Wan Hai Lines 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: 0.85x
- 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 7.79x to 0.85x 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$10.10 | NT$78.70 | x |
| 2007-12-31 | NT$11.68 | NT$78.70 | x |
| 2008-12-31 | NT$9.58 | NT$78.70 | x |
| 2009-12-31 | NT$9.35 | NT$78.70 | x |
| 2010-12-31 | NT$11.38 | NT$78.70 | x |
| 2011-12-31 | NT$10.31 | NT$78.70 | x |
| 2012-12-31 | NT$10.86 | NT$78.70 | x |
| 2013-12-31 | NT$11.04 | NT$78.70 | x |
| 2014-12-31 | NT$12.67 | NT$78.70 | x |
| 2015-12-31 | NT$12.71 | NT$78.70 | x |
| 2016-12-31 | NT$12.15 | NT$78.70 | x |
| 2017-12-31 | NT$12.09 | NT$78.70 | x |
| 2018-12-31 | NT$12.32 | NT$78.70 | x |
| 2019-12-31 | NT$12.85 | NT$78.70 | x |
| 2020-12-31 | NT$15.62 | NT$78.70 | x |
| 2021-12-31 | NT$51.32 | NT$78.70 | x |
| 2022-12-31 | NT$80.11 | NT$78.70 | x |
| 2023-12-31 | NT$73.41 | NT$78.70 | x |
| 2024-12-31 | NT$93.08 | NT$78.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wan Hai Lines 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): 18.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.30%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.57x
- Recent ROE (18.15%) is above the historical average (14.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.60% | 6.09% | 1.13x | 1.69x | NT$263.18 Million |
| 2001 | 4.09% | 2.12% | 1.06x | 1.81x | NT$-923.12 Million |
| 2002 | 18.32% | 10.85% | 0.89x | 1.91x | NT$1.56 Billion |
| 2003 | 20.21% | 11.63% | 0.91x | 1.90x | NT$2.24 Billion |
| 2004 | 26.09% | 14.53% | 0.80x | 2.25x | NT$4.18 Billion |
| 2005 | 17.77% | 10.78% | 0.64x | 2.59x | NT$2.37 Billion |
| 2006 | 10.64% | 5.91% | 0.67x | 2.67x | NT$188.16 Million |
| 2007 | 18.60% | 10.32% | 0.71x | 2.55x | NT$2.91 Billion |
| 2008 | 0.02% | 0.01% | 0.95x | 2.51x | NT$-2.76 Billion |
| 2009 | -6.22% | -3.38% | 0.76x | 2.43x | NT$-4.26 Billion |
| 2010 | 17.05% | 7.88% | 1.04x | 2.09x | NT$2.25 Billion |
| 2011 | 0.07% | 0.03% | 0.92x | 2.52x | NT$-2.87 Billion |
| 2012 | 6.00% | 2.92% | 0.80x | 2.56x | NT$-1.22 Billion |
| 2013 | 6.86% | 3.57% | 0.76x | 2.53x | NT$-972.37 Million |
| 2014 | 14.76% | 7.84% | 0.79x | 2.39x | NT$1.69 Billion |
| 2015 | 11.03% | 6.17% | 0.80x | 2.25x | NT$369.60 Million |
| 2016 | 3.35% | 1.99% | 0.75x | 2.24x | NT$-2.27 Billion |
| 2017 | 7.48% | 4.18% | 0.79x | 2.25x | NT$-854.81 Million |
| 2018 | 3.23% | 1.67% | 0.87x | 2.23x | NT$-2.34 Billion |
| 2019 | 9.90% | 4.90% | 0.83x | 2.43x | NT$-36.72 Million |
| 2020 | 25.78% | 13.82% | 0.75x | 2.47x | NT$6.93 Billion |
| 2021 | 71.63% | 45.32% | 0.88x | 1.79x | NT$88.92 Billion |
| 2022 | 41.25% | 35.94% | 0.71x | 1.62x | NT$70.51 Billion |
| 2023 | -2.81% | -5.78% | 0.30x | 1.61x | NT$-26.40 Billion |
| 2024 | 18.15% | 29.30% | 0.39x | 1.57x | NT$21.29 Billion |
Industry Comparison
This section compares Wan Hai Lines Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $13,610,774,104
- Average return on equity (ROE) among peers: 9.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wan Hai Lines Ltd (2615) | NT$258.46 Billion | 11.60% | 0.53x | $3.69 Billion |
| Evergreen Marine Corp Taiwan Ltd (2603) | $52.28 Billion | 25.66% | 1.59x | $10.88 Billion |
| Sincere Navigation Corp (2605) | $14.65 Billion | 14.36% | 0.77x | $451.14 Million |
| U-Ming Marine Transport Corp (2606) | $8.84 Billion | 5.83% | 1.10x | $863.37 Million |
| Yang Ming Marine Transport Corp (2609) | $36.70 Billion | 0.14% | 2.79x | $4.23 Billion |
| Tze Shin International Co Ltd (2611) | $2.79 Billion | 0.36% | 0.57x | $49.06 Million |
| China Container Terminal Corp (2613) | $906.02 Million | 3.67% | 3.42x | $54.48 Million |
| Taiwan Navigation Co Ltd (2617) | $3.75 Billion | 4.56% | 0.51x | $209.09 Million |
| Wisdom Marine Lines Co Ltd (2637) | $1.26 Billion | 23.34% | 1.37x | $777.77 Million |
| Franbo Lines (2641) | $1.32 Billion | 4.00% | 1.46x | $142.71 Million |