Wisdom Marine Lines Co Ltd (2637) - Net Assets
Based on the latest financial reports, Wisdom Marine Lines Co Ltd (2637) has net assets worth NT$1.54 Billion TWD (≈ $48.39 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.59 Billion ≈ $81.55 Million USD) and total liabilities (NT$1.05 Billion ≈ $33.17 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 how resilient are Wisdom Marine Lines Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.54 Billion |
| % of Total Assets | 59.33% |
| Annual Growth Rate | 16.45% |
| 5-Year Change | 21.44% |
| 10-Year Change | 71.59% |
| Growth Volatility | 21.72 |
Wisdom Marine Lines Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Wisdom Marine Lines Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Wisdom Marine Lines Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Wisdom Marine Lines Co Ltd (2006–2025)
The table below shows the annual net assets of Wisdom Marine Lines Co Ltd from 2006 to 2025. For live valuation and market cap data, see Wisdom Marine Lines Co Ltd (2637) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.54 Billion ≈ $48.39 Million |
-3.90% |
| 2024-12-31 | NT$1.60 Billion ≈ $50.35 Million |
+9.06% |
| 2023-12-31 | NT$1.47 Billion ≈ $46.17 Million |
-4.41% |
| 2022-12-31 | NT$1.53 Billion ≈ $48.30 Million |
+21.22% |
| 2021-12-31 | NT$1.26 Billion ≈ $39.84 Million |
+34.12% |
| 2020-12-31 | NT$942.93 Million ≈ $29.71 Million |
-3.53% |
| 2019-12-31 | NT$977.44 Million ≈ $30.79 Million |
+6.81% |
| 2018-12-31 | NT$915.10 Million ≈ $28.83 Million |
+3.95% |
| 2017-12-31 | NT$880.37 Million ≈ $27.74 Million |
-1.64% |
| 2016-12-31 | NT$895.04 Million ≈ $28.20 Million |
-0.75% |
| 2015-12-31 | NT$901.77 Million ≈ $28.41 Million |
+6.81% |
| 2014-12-31 | NT$844.25 Million ≈ $26.60 Million |
+19.99% |
| 2013-12-31 | NT$703.62 Million ≈ $22.17 Million |
+61.25% |
| 2012-12-31 | NT$436.35 Million ≈ $13.75 Million |
+63.25% |
| 2011-12-31 | NT$267.29 Million ≈ $8.42 Million |
+22.26% |
| 2010-12-31 | NT$218.63 Million ≈ $6.89 Million |
+33.64% |
| 2009-12-31 | NT$163.59 Million ≈ $5.15 Million |
+54.92% |
| 2008-12-31 | NT$105.60 Million ≈ $3.33 Million |
-1.40% |
| 2007-12-31 | NT$107.09 Million ≈ $3.37 Million |
+25.97% |
| 2006-12-31 | NT$85.02 Million ≈ $2.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wisdom Marine Lines 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 2048.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.05 Billion | 68.37% |
| Common Stock | NT$237.84 Million | 15.49% |
| Other Comprehensive Income | NT$246.80 Million | 16.07% |
| Other Components | NT$1.10 Million | 0.07% |
| Total Equity | NT$1.54 Billion | 100.00% |
Wisdom Marine Lines Co Ltd Competitors by Market Cap
The table below lists competitors of Wisdom Marine Lines Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BillerudKorsnas AB
ST:BILL
|
$1.69 Billion |
|
Shenzhen Gongjin Electn
SHG:603118
|
$1.69 Billion |
|
Porton Fine Chemicals Ltd
SHE:300363
|
$1.69 Billion |
|
Emlak Konut Gayrimenkul Yatirim Ortakligi AS
IS:EKGYO
|
$1.69 Billion |
|
West China Cement Limited
F:WFG1
|
$1.69 Billion |
|
DTR Automotive
KO:007340
|
$1.69 Billion |
|
Jiangyin Hengrun Heavy
SHG:603985
|
$1.69 Billion |
|
Chengdu ALD Aviation Manufacturing Corp
SHE:300696
|
$1.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wisdom Marine Lines Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,598,192,045 to 1,535,823,343, a change of -62,368,702 (-3.9%).
- Net income of 125,421,659 contributed positively to equity growth.
- Dividend payments of 118,921,645 reduced retained earnings.
- Other comprehensive income decreased equity by 21,571,205.
- Other factors decreased equity by 47,297,511.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$125.42 Million | +8.17% |
| Dividends Paid | NT$118.92 Million | -7.74% |
| Other Comprehensive Income | NT$-21.57 Million | -1.4% |
| Other Changes | NT$-47.30 Million | -3.08% |
| Total Change | NT$- | -3.90% |
Book Value vs Market Value Analysis
This analysis compares Wisdom Marine Lines 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: 34.85x
- 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 126.05x to 34.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$0.57 | NT$71.70 | x |
| 2011-12-31 | NT$0.67 | NT$71.70 | x |
| 2012-12-31 | NT$0.91 | NT$71.70 | x |
| 2013-12-31 | NT$1.42 | NT$71.70 | x |
| 2014-12-31 | NT$1.47 | NT$71.70 | x |
| 2015-12-31 | NT$1.67 | NT$71.70 | x |
| 2016-12-31 | NT$1.37 | NT$71.70 | x |
| 2017-12-31 | NT$1.45 | NT$71.70 | x |
| 2018-12-31 | NT$1.33 | NT$71.70 | x |
| 2019-12-31 | NT$1.40 | NT$71.70 | x |
| 2020-12-31 | NT$1.29 | NT$71.70 | x |
| 2021-12-31 | NT$1.69 | NT$71.70 | x |
| 2022-12-31 | NT$2.30 | NT$71.70 | x |
| 2023-12-31 | NT$1.96 | NT$71.70 | x |
| 2024-12-31 | NT$2.14 | NT$71.70 | x |
| 2025-12-31 | NT$2.06 | NT$71.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wisdom Marine Lines 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): 8.17%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.30%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.69x
- Recent ROE (8.17%) is below the historical average (12.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 35.54% | 39.55% | 0.22x | 4.16x | NT$41.09 Million |
| 2010 | 18.01% | 18.68% | 0.18x | 5.51x | NT$17.33 Million |
| 2011 | 25.77% | 26.59% | 0.17x | 5.85x | NT$41.80 Million |
| 2012 | 16.40% | 25.01% | 0.15x | 4.48x | NT$27.71 Million |
| 2013 | 6.93% | 17.28% | 0.13x | 3.14x | NT$-21.43 Million |
| 2014 | 6.95% | 19.51% | 0.13x | 2.81x | NT$-25.62 Million |
| 2015 | 7.88% | 20.38% | 0.14x | 2.86x | NT$-19.00 Million |
| 2016 | 4.87% | 13.11% | 0.12x | 2.98x | NT$-45.76 Million |
| 2017 | 1.56% | 3.79% | 0.13x | 3.24x | NT$-74.30 Million |
| 2018 | 6.56% | 13.84% | 0.15x | 3.16x | NT$-31.50 Million |
| 2019 | 7.28% | 15.89% | 0.15x | 2.97x | NT$-26.62 Million |
| 2020 | 0.40% | 0.93% | 0.14x | 3.11x | NT$-90.51 Million |
| 2021 | 23.34% | 43.01% | 0.23x | 2.37x | NT$168.65 Million |
| 2022 | 23.13% | 42.42% | 0.27x | 2.00x | NT$201.28 Million |
| 2023 | 7.16% | 19.24% | 0.19x | 1.95x | NT$-41.58 Million |
| 2024 | 11.75% | 29.61% | 0.23x | 1.74x | NT$28.02 Million |
| 2025 | 8.17% | 23.30% | 0.21x | 1.69x | NT$-28.16 Million |
Industry Comparison
This section compares Wisdom Marine Lines Co Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $79,390,078,556
- Average return on equity (ROE) among peers: 13.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wisdom Marine Lines Co Ltd (2637) | NT$1.54 Billion | 35.54% | 0.69x | $1.69 Billion |
| Evergreen Marine Corp Taiwan Ltd (2603) | $602.46 Billion | 23.15% | 0.52x | $13.78 Billion |
| Sincere Navigation Corp (2605) | $10.13 Billion | 28.94% | 1.06x | $639.93 Million |
| U-Ming Marine Transport Corp (2606) | $38.88 Billion | 9.36% | 1.25x | $1.61 Billion |
| Yang Ming Marine Transport Corp (2609) | $25.04 Billion | 4.79% | 1.03x | $5.41 Billion |
| Tze Shin International Co Ltd (2611) | $2.61 Billion | 0.42% | 0.87x | $79.20 Million |
| China Container Terminal Corp (2613) | $1.10 Billion | 24.49% | 2.52x | $96.88 Million |
| Wan Hai Lines Ltd (2615) | $21.92 Billion | 20.21% | 0.90x | $6.60 Billion |
| Taiwan Navigation Co Ltd (2617) | $10.78 Billion | 4.81% | 0.55x | $385.87 Million |
| Franbo Lines (2641) | $1.59 Billion | 5.05% | 1.73x | $172.09 Million |
About Wisdom Marine Lines Co Ltd
Wisdom Marine Lines Co., Limited (Cayman), together with its subsidiaries, provides marine cargo transportation services in Singapore, the Netherlands, Germany, Panama, Switzerland, Denmark, and internationally. The company acquires, owns, operates, and manages dry bulk vessels with a focus on the handy sector. It also provides vessel management and maintenance, vessel leasing, and shipping agenc… Read more