Taiwan Navigation Co Ltd Net Assets
Taiwan Navigation Co Ltd net assets. Based on the latest financial reports, Taiwan Navigation Co Ltd (2617) has net assets worth NT$17.96 Billion TWD (≈ $565.69 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$27.77 Billion ≈ $874.76 Million USD) and total liabilities (NT$9.81 Billion ≈ $309.07 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. Also explore Taiwan Navigation Co Ltd (2617) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$17.96 Billion |
| % of Total Assets | 64.67% |
| Annual Growth Rate | 6.44% |
| 5-Year Change | 14.08% |
| 10-Year Change | 83.66% |
| Growth Volatility | 10.95 |
Net Assets of Taiwan Navigation Co Ltd (2000–2025)
Net assets of Taiwan Navigation Co Ltd from 2000 to 2025. This chart illustrates how Taiwan Navigation Co Ltd's net assets have evolved over time, based on quarterly financial data. See Taiwan Navigation Co Ltd balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Taiwan Navigation Co Ltd (2000–2025)
The table below shows the annual net assets of Taiwan Navigation Co Ltd from 2000 to 2025. For live market cap and overall valuation, see Taiwan Navigation Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$17.84 Billion ≈ $562.05 Million |
-2.26% |
| 2024-12-31 | NT$18.25 Billion ≈ $575.03 Million |
+14.29% |
| 2023-12-31 | NT$15.97 Billion ≈ $503.12 Million |
+1.64% |
| 2022-12-31 | NT$15.71 Billion ≈ $495.00 Million |
+0.47% |
| 2021-12-31 | NT$15.64 Billion ≈ $492.67 Million |
+45.02% |
| 2020-12-31 | NT$10.78 Billion ≈ $339.73 Million |
+5.29% |
| 2019-12-31 | NT$10.24 Billion ≈ $322.65 Million |
-1.72% |
| 2018-12-31 | NT$10.42 Billion ≈ $328.29 Million |
+9.03% |
| 2017-12-31 | NT$9.56 Billion ≈ $301.10 Million |
-1.61% |
| 2016-12-31 | NT$9.71 Billion ≈ $306.03 Million |
-3.37% |
| 2015-12-31 | NT$10.05 Billion ≈ $316.70 Million |
+0.74% |
| 2014-12-31 | NT$9.98 Billion ≈ $314.37 Million |
+4.22% |
| 2013-12-31 | NT$9.57 Billion ≈ $301.64 Million |
+4.14% |
| 2012-12-31 | NT$9.19 Billion ≈ $289.64 Million |
-3.60% |
| 2011-12-31 | NT$9.54 Billion ≈ $300.46 Million |
+5.41% |
| 2010-12-31 | NT$9.05 Billion ≈ $285.05 Million |
-2.41% |
| 2009-12-31 | NT$9.27 Billion ≈ $292.08 Million |
-2.73% |
| 2008-12-31 | NT$9.53 Billion ≈ $300.29 Million |
+28.70% |
| 2007-12-31 | NT$7.41 Billion ≈ $233.32 Million |
+17.41% |
| 2006-12-31 | NT$6.31 Billion ≈ $198.72 Million |
+4.06% |
| 2005-12-31 | NT$6.06 Billion ≈ $190.97 Million |
+18.30% |
| 2004-12-31 | NT$5.12 Billion ≈ $161.43 Million |
+9.10% |
| 2003-12-31 | NT$4.70 Billion ≈ $147.97 Million |
+7.89% |
| 2002-12-31 | NT$4.35 Billion ≈ $137.15 Million |
+6.59% |
| 2001-12-31 | NT$4.08 Billion ≈ $128.68 Million |
+9.03% |
| 2000-12-31 | NT$3.75 Billion ≈ $118.02 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Taiwan Navigation 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 grown by 7619.0% over the analyzed period, indicating profitable operations and earnings retention.
Taiwan Navigation Co Ltd Net Assets Breakdown (December 2025)
Taiwan Navigation Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$8.50 Billion | 47.66% |
| Common Stock | NT$4.17 Billion | 23.39% |
| Other Comprehensive Income | NT$4.83 Billion | 27.08% |
| Other Components | NT$334.38 Million | 1.87% |
| Total Equity | NT$17.84 Billion | 100.00% |
Taiwan Navigation Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Navigation Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kits Eyecare Ltd
TO:KITS
|
$399.05 Million |
|
Changchai Co Ltd
SHE:000570
|
$399.26 Million |
|
Shinsung Tngsn
KO:005390
|
$399.30 Million |
|
PHOENIX N AG
SW:PMN
|
$399.30 Million |
|
Issta Lines Ltd
TA:ISTA
|
$398.92 Million |
|
Zhejiang Shouxiangu Pharm Co
SHG:603896
|
$398.88 Million |
|
Once Upon a Farm, PBC
NYSE:OFRM
|
$398.71 Million |
|
First Tractor Company Limited
F:FTP
|
$398.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Navigation Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,251,863,000 to 17,839,891,000, a change of -411,972,000 (-2.3%).
- Net income of 1,325,648,000 contributed positively to equity growth.
- Dividend payments of 625,942,000 reduced retained earnings.
- Other comprehensive income decreased equity by 993,078,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.33 Billion | +7.43% |
| Dividends Paid | NT$625.94 Million | -3.51% |
| Other Comprehensive Income | NT$-993.08 Million | -5.57% |
| Other Changes | NT$-118.60 Million | -0.66% |
| Total Change | NT$- | -2.26% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Navigation 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: 0.71x
- 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 1.95x to 0.71x 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$15.56 | NT$30.35 | x |
| 2007-12-31 | NT$17.76 | NT$30.35 | x |
| 2008-12-31 | NT$22.84 | NT$30.35 | x |
| 2009-12-31 | NT$22.22 | NT$30.35 | x |
| 2010-12-31 | NT$21.68 | NT$30.35 | x |
| 2011-12-31 | NT$22.82 | NT$30.35 | x |
| 2012-12-31 | NT$22.01 | NT$30.35 | x |
| 2013-12-31 | NT$22.93 | NT$30.35 | x |
| 2014-12-31 | NT$23.89 | NT$30.35 | x |
| 2015-12-31 | NT$24.07 | NT$30.35 | x |
| 2016-12-31 | NT$23.28 | NT$30.35 | x |
| 2017-12-31 | NT$22.89 | NT$30.35 | x |
| 2018-12-31 | NT$24.93 | NT$30.35 | x |
| 2019-12-31 | NT$24.51 | NT$30.35 | x |
| 2020-12-31 | NT$25.81 | NT$30.35 | x |
| 2021-12-31 | NT$37.43 | NT$30.35 | x |
| 2022-12-31 | NT$37.57 | NT$30.35 | x |
| 2023-12-31 | NT$38.20 | NT$30.35 | x |
| 2024-12-31 | NT$43.67 | NT$30.35 | x |
| 2025-12-31 | NT$42.79 | NT$30.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Navigation Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.43%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.83%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.48x
- Recent ROE (7.43%) is below the historical average (11.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 4.56% | 12.31% | 0.24x | 1.51x | NT$-203.91 Million |
| 2001 | 7.69% | 18.26% | 0.22x | 1.90x | NT$-94.51 Million |
| 2002 | 11.68% | 22.53% | 0.27x | 1.91x | NT$73.00 Million |
| 2003 | 16.43% | 32.74% | 0.30x | 1.67x | NT$301.97 Million |
| 2004 | 21.06% | 34.26% | 0.32x | 1.94x | NT$566.67 Million |
| 2005 | 19.93% | 32.48% | 0.35x | 1.77x | NT$602.08 Million |
| 2006 | 16.86% | 31.59% | 0.34x | 1.58x | NT$432.81 Million |
| 2007 | 20.81% | 38.87% | 0.35x | 1.55x | NT$800.80 Million |
| 2008 | 35.11% | 52.01% | 0.48x | 1.42x | NT$2.39 Billion |
| 2009 | 18.03% | 40.77% | 0.35x | 1.28x | NT$744.21 Million |
| 2010 | 15.47% | 39.47% | 0.32x | 1.21x | NT$495.18 Million |
| 2011 | 12.26% | 32.63% | 0.31x | 1.20x | NT$215.28 Million |
| 2012 | 6.85% | 19.89% | 0.26x | 1.30x | NT$-289.29 Million |
| 2013 | 5.66% | 19.56% | 0.22x | 1.32x | NT$-415.12 Million |
| 2014 | 3.06% | 10.54% | 0.23x | 1.27x | NT$-692.32 Million |
| 2015 | 0.93% | 3.50% | 0.21x | 1.28x | NT$-911.30 Million |
| 2016 | -0.94% | -3.70% | 0.18x | 1.43x | NT$-1.06 Billion |
| 2017 | 4.88% | 16.55% | 0.18x | 1.61x | NT$-489.23 Million |
| 2018 | 9.19% | 28.44% | 0.22x | 1.45x | NT$-84.36 Million |
| 2019 | 5.87% | 19.30% | 0.21x | 1.48x | NT$-423.03 Million |
| 2020 | 4.81% | 20.80% | 0.15x | 1.55x | NT$-560.18 Million |
| 2021 | 8.44% | 40.92% | 0.14x | 1.49x | NT$-243.58 Million |
| 2022 | 12.83% | 52.03% | 0.16x | 1.57x | NT$443.98 Million |
| 2023 | 10.41% | 41.68% | 0.16x | 1.54x | NT$65.95 Million |
| 2024 | 7.03% | 29.16% | 0.16x | 1.53x | NT$-541.95 Million |
| 2025 | 7.43% | 30.83% | 0.16x | 1.48x | NT$-458.34 Million |
Industry Comparison
This section compares Taiwan Navigation Co Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $86,891,652,580
- Average return on equity (ROE) among peers: 22.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Navigation Co Ltd (2617) | NT$17.96 Billion | 4.56% | 0.55x | $399.01 Million |
| Evergreen Marine Corp Taiwan Ltd (2603) | $357.32 Billion | 66.89% | 0.71x | $18.18 Billion |
| Sincere Navigation Corp (2605) | $16.09 Billion | 10.10% | 0.80x | $619.65 Million |
| U-Ming Marine Transport Corp (2606) | $15.55 Billion | 43.99% | 0.40x | $1.87 Billion |
| Yang Ming Marine Transport Corp (2609) | $341.31 Billion | 18.80% | 0.42x | $6.83 Billion |
| Tze Shin International Co Ltd (2611) | $2.50 Billion | 8.12% | 1.60x | $92.00 Million |
| China Container Terminal Corp (2613) | $3.31 Billion | 4.74% | 2.08x | $91.91 Million |
| Wan Hai Lines Ltd (2615) | $44.17 Billion | 25.62% | 1.46x | $10.21 Billion |
| Wisdom Marine Lines Co Ltd (2637) | $436.35 Million | 16.28% | 3.45x | $2.30 Billion |
| Franbo Lines (2641) | $1.32 Billion | 4.00% | 1.46x | $167.55 Million |
About Taiwan Navigation Co Ltd
Taiwan Navigation Co., Ltd., together with its subsidiaries, provides shipping services in Taiwan. It offers passenger and cargo transportation services through water, shipping agency, sand dredging, channel dredging, and tugboat services. The company is also involved in the commissioning construction companies to build and lease residential and commercial buildings. In addition, it engages in ge… Read more