Taiwan Pelican Express Co Ltd
Taiwan Pelican Express Co., Ltd. provides truck transportation, home delivery, and other professional logistic delivery services in Taiwan. It offers C2C, B2C, and C2B home-delivery services; and warehouse storage, logistics, and tally and packaging services. The company was founded in 1999 and is based in Taipei, Taiwan.
Taiwan Pelican Express Co Ltd (2642) - Net Assets
Latest net assets as of September 2025: NT$2.18 Billion TWD
Based on the latest financial reports, Taiwan Pelican Express Co Ltd (2642) has net assets worth NT$2.18 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$4.18 Billion) and total liabilities (NT$2.00 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$2.18 Billion |
| % of Total Assets | 52.09% |
| Annual Growth Rate | 8.56% |
| 5-Year Change | 3.31% |
| 10-Year Change | 26.26% |
| Growth Volatility | 18.02 |
Taiwan Pelican Express Co Ltd - Net Assets Trend (2010–2024)
This chart illustrates how Taiwan Pelican Express Co 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 Taiwan Pelican Express Co Ltd (2010–2024)
The table below shows the annual net assets of Taiwan Pelican Express Co Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.05 Billion | -7.87% |
| 2023-12-31 | NT$2.23 Billion | +1.22% |
| 2022-12-31 | NT$2.20 Billion | -20.09% |
| 2021-12-31 | NT$2.75 Billion | +38.63% |
| 2020-12-31 | NT$1.98 Billion | +14.75% |
| 2019-12-31 | NT$1.73 Billion | +7.13% |
| 2018-12-31 | NT$1.61 Billion | -2.92% |
| 2017-12-31 | NT$1.66 Billion | +2.39% |
| 2016-12-31 | NT$1.62 Billion | +0.02% |
| 2015-12-31 | NT$1.62 Billion | -10.44% |
| 2014-12-31 | NT$1.81 Billion | +20.68% |
| 2013-12-31 | NT$1.50 Billion | +36.22% |
| 2012-12-31 | NT$1.10 Billion | +27.42% |
| 2011-12-31 | NT$865.49 Million | +33.33% |
| 2010-12-31 | NT$649.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Pelican Express 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 44983400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$240.40 Million | 11.73% |
| Common Stock | NT$954.67 Million | 46.57% |
| Other Comprehensive Income | NT$554.81 Million | 27.06% |
| Other Components | NT$300.08 Million | 14.64% |
| Total Equity | NT$2.05 Billion | 100.00% |
Taiwan Pelican Express Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Pelican Express Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Mandiri Herindo Adiperkasa Tbk
JK:MAHA
|
$32.18 Million |
|
Aksu Enerji ve Ticaret AS
IS:AKSUE
|
$32.18 Million |
|
Schoolblazer Limited
AU:SBZ
|
$32.19 Million |
|
SRSSF
OTCGREY:SRSSF
|
$32.19 Million |
|
4BASEBIO PLC EO 1
F:88Q
|
$32.17 Million |
|
FIH Mobile Limited
PINK:FXCNF
|
$32.17 Million |
|
Bragg Gaming Group Inc
NASDAQ:BRAG
|
$32.17 Million |
|
SaverOne 2014 Ltd. Warrant
NASDAQ:SVREW
|
$32.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Pelican Express Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,225,088,000 to 2,049,956,000, a change of -175,132,000 (-7.9%).
- Net loss of 9,305,000 reduced equity.
- Dividend payments of 76,374,000 reduced retained earnings.
- Other comprehensive income decreased equity by 77,536,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-9.30 Million | -0.45% |
| Dividends Paid | NT$76.37 Million | -3.73% |
| Other Comprehensive Income | NT$-77.54 Million | -3.78% |
| Other Changes | NT$-11.92 Million | -0.58% |
| Total Change | NT$- | -7.87% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Pelican Express 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: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.15x to 1.11x 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$7.55 | NT$23.80 | x |
| 2011-12-31 | NT$10.06 | NT$23.80 | x |
| 2012-12-31 | NT$12.82 | NT$23.80 | x |
| 2013-12-31 | NT$17.30 | NT$23.80 | x |
| 2014-12-31 | NT$18.98 | NT$23.80 | x |
| 2015-12-31 | NT$17.00 | NT$23.80 | x |
| 2016-12-31 | NT$17.00 | NT$23.80 | x |
| 2017-12-31 | NT$17.41 | NT$23.80 | x |
| 2018-12-31 | NT$16.90 | NT$23.80 | x |
| 2019-12-31 | NT$18.10 | NT$23.80 | x |
| 2020-12-31 | NT$20.77 | NT$23.80 | x |
| 2021-12-31 | NT$28.80 | NT$23.80 | x |
| 2022-12-31 | NT$23.02 | NT$23.80 | x |
| 2023-12-31 | NT$23.31 | NT$23.80 | x |
| 2024-12-31 | NT$21.47 | NT$23.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Pelican Express 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): -0.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.23%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 2.08x
- Recent ROE (-0.45%) is below the historical average (10.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 23.49% | 6.46% | 1.83x | 1.98x | NT$87.59 Million |
| 2011 | 24.90% | 8.78% | 1.56x | 1.82x | NT$128.93 Million |
| 2012 | 22.03% | 9.52% | 1.40x | 1.65x | NT$132.67 Million |
| 2013 | 12.29% | 7.17% | 1.29x | 1.33x | NT$34.48 Million |
| 2014 | 8.60% | 6.08% | 1.09x | 1.30x | NT$-25.31 Million |
| 2015 | 6.23% | 3.91% | 1.19x | 1.34x | NT$-61.14 Million |
| 2016 | 5.12% | 3.15% | 1.18x | 1.38x | NT$-79.24 Million |
| 2017 | 7.12% | 3.87% | 1.25x | 1.47x | NT$-47.87 Million |
| 2018 | 4.24% | 2.04% | 1.41x | 1.48x | NT$-92.95 Million |
| 2019 | 9.35% | 4.35% | 1.04x | 2.07x | NT$-11.32 Million |
| 2020 | 10.53% | 5.25% | 1.04x | 1.94x | NT$10.59 Million |
| 2021 | 8.74% | 5.38% | 0.89x | 1.82x | NT$-34.58 Million |
| 2022 | 8.03% | 3.91% | 0.99x | 2.08x | NT$-43.39 Million |
| 2023 | 4.25% | 2.26% | 0.96x | 1.95x | NT$-128.01 Million |
| 2024 | -0.45% | -0.23% | 0.95x | 2.08x | NT$-214.30 Million |
Industry Comparison
This section compares Taiwan Pelican Express Co 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: $7,395,880,625
- Average return on equity (ROE) among peers: 12.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Pelican Express Co Ltd (2642) | NT$2.18 Billion | 23.49% | 0.92x | $32.17 Million |
| Lily Textile Co Ltd (1443) | $2.88 Billion | 0.00% | 1.35x | $40.64 Million |
| Evergreen International Storage & Transport Corp (2607) | $35.92 Billion | 7.73% | 0.31x | $408.34 Million |
| Chinese Maritime Transport Ltd (2612) | $9.43 Billion | 1.04% | 1.13x | $111.34 Million |
| T3EX Global Holdings Corp (2636) | $2.39 Billion | 10.04% | 1.16x | $185.54 Million |
| Soonest Express Co Ltd (2643) | $1.54 Billion | 32.57% | 0.63x | $28.36 Million |
| Taiwan Allied Container Terminal (5601) | $1.37 Billion | 1.39% | 0.35x | $29.39 Million |
| Sea & Land Integrated Co (5603) | $1.21 Billion | -0.98% | 0.93x | $35.78 Million |
| Dimerco Express (5609) | $4.43 Billion | 52.10% | 1.20x | $248.24 Million |