Taiwan Pelican Express Co Ltd Net Assets
Taiwan Pelican Express Co Ltd net assets. Based on the latest financial reports, Taiwan Pelican Express Co Ltd (2642) has net assets worth NT$1.83 Billion TWD (≈ $57.57 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$3.59 Billion ≈ $113.06 Million USD) and total liabilities (NT$1.76 Billion ≈ $55.49 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 net asset growth rate of Taiwan Pelican Express Co Ltd to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.83 Billion |
| % of Total Assets | 50.92% |
| Annual Growth Rate | 7.98% |
| 5-Year Change | -25.39% |
| 10-Year Change | 26.37% |
| Growth Volatility | 17.58 |
Net Assets of Taiwan Pelican Express Co Ltd (2010–2025)
Net assets of Taiwan Pelican Express Co Ltd from 2010 to 2025. This chart illustrates how Taiwan Pelican Express Co Ltd's net assets have evolved over time, based on quarterly financial data. See Taiwan Pelican Express Co Ltd (2642) net asset quality to measure how much of total assets are equity-financed.
Annual Net Assets for Taiwan Pelican Express Co Ltd (2010–2025)
The table below shows the annual net assets of Taiwan Pelican Express Co Ltd from 2010 to 2025. For live market cap and overall valuation, see Taiwan Pelican Express Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.05 Billion ≈ $64.66 Million |
+0.11% |
| 2024-12-31 | NT$2.05 Billion ≈ $64.58 Million |
-7.87% |
| 2023-12-31 | NT$2.23 Billion ≈ $70.10 Million |
+1.22% |
| 2022-12-31 | NT$2.20 Billion ≈ $69.26 Million |
-20.09% |
| 2021-12-31 | NT$2.75 Billion ≈ $86.67 Million |
+38.63% |
| 2020-12-31 | NT$1.98 Billion ≈ $62.52 Million |
+14.75% |
| 2019-12-31 | NT$1.73 Billion ≈ $54.48 Million |
+7.13% |
| 2018-12-31 | NT$1.61 Billion ≈ $50.86 Million |
-2.92% |
| 2017-12-31 | NT$1.66 Billion ≈ $52.39 Million |
+2.39% |
| 2016-12-31 | NT$1.62 Billion ≈ $51.16 Million |
+0.02% |
| 2015-12-31 | NT$1.62 Billion ≈ $51.15 Million |
-10.44% |
| 2014-12-31 | NT$1.81 Billion ≈ $57.12 Million |
+20.68% |
| 2013-12-31 | NT$1.50 Billion ≈ $47.33 Million |
+36.22% |
| 2012-12-31 | NT$1.10 Billion ≈ $34.75 Million |
+27.42% |
| 2011-12-31 | NT$865.49 Million ≈ $27.27 Million |
+33.33% |
| 2010-12-31 | NT$649.15 Million ≈ $20.45 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 36376400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Taiwan Pelican Express Co Ltd Net Assets Breakdown (December 2025)
Taiwan Pelican Express Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$154.33 Million | 7.52% |
| Common Stock | NT$954.67 Million | 46.52% |
| Other Comprehensive Income | NT$643.20 Million | 31.34% |
| Other Components | NT$300.08 Million | 14.62% |
| 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 |
|---|---|
|
Cassava Sciences Inc
NASDAQ:SAVA
|
$58.21 Million |
|
RenovoRx Inc
NASDAQ:RNXT
|
$58.22 Million |
|
Maan Aluminium Limited
NSE:MAANALU
|
$58.22 Million |
|
NFON AG
XETRA:NFN
|
$58.28 Million |
|
Citius Oncology, Inc.
NASDAQ:CTOR
|
$58.17 Million |
|
MS Autotech Co.Ltd
KQ:123040
|
$58.17 Million |
|
FineMat Applied Materials Co Ltd
TW:6698
|
$58.14 Million |
|
DIVA Laboratories Ltd
TWO:4153
|
$58.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Pelican Express Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,049,956,000 to 2,052,282,000, a change of 2,326,000 (0.1%).
- Net loss of 99,483,000 reduced equity.
- Dividend payments of 47,734,000 reduced retained earnings.
- Other comprehensive income increased equity by 88,396,000.
- Other factors increased equity by 61,147,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-99.48 Million | -4.85% |
| Dividends Paid | NT$47.73 Million | -2.33% |
| Other Comprehensive Income | NT$88.40 Million | +4.31% |
| Other Changes | NT$61.15 Million | +2.98% |
| Total Change | NT$- | 0.11% |
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: 0.90x
- 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 2.56x to 0.90x 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$19.35 | x |
| 2011-12-31 | NT$10.06 | NT$19.35 | x |
| 2012-12-31 | NT$12.82 | NT$19.35 | x |
| 2013-12-31 | NT$17.30 | NT$19.35 | x |
| 2014-12-31 | NT$18.98 | NT$19.35 | x |
| 2015-12-31 | NT$17.00 | NT$19.35 | x |
| 2016-12-31 | NT$17.00 | NT$19.35 | x |
| 2017-12-31 | NT$17.41 | NT$19.35 | x |
| 2018-12-31 | NT$16.90 | NT$19.35 | x |
| 2019-12-31 | NT$18.10 | NT$19.35 | x |
| 2020-12-31 | NT$20.77 | NT$19.35 | x |
| 2021-12-31 | NT$28.80 | NT$19.35 | x |
| 2022-12-31 | NT$23.02 | NT$19.35 | x |
| 2023-12-31 | NT$23.31 | NT$19.35 | x |
| 2024-12-31 | NT$21.47 | NT$19.35 | x |
| 2025-12-31 | NT$21.45 | NT$19.35 | 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): -4.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.61%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 1.97x
- Recent ROE (-4.85%) is below the historical average (9.35%), 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$-214.30 Million |
| 2025 | -4.85% | -2.61% | 0.94x | 1.97x | NT$-304.71 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: $5,471,829,000
- Average return on equity (ROE) among peers: 7.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Pelican Express Co Ltd (2642) | NT$1.83 Billion | 23.49% | 0.96x | $58.20 Million |
| Lily Textile Co Ltd (1443) | $810.39 Million | 0.91% | 5.51x | $99.57 Million |
| Evergreen International Storage & Transport Corp (2607) | $18.15 Billion | 3.01% | 0.95x | $980.05 Million |
| Chinese Maritime Transport Ltd (2612) | $11.65 Billion | 2.82% | 1.01x | $363.98 Million |
| T3EX Global Holdings Corp (2636) | $2.05 Billion | 9.70% | 0.92x | $298.17 Million |
| Soonest Express Co Ltd (2643) | $2.00 Billion | 11.06% | 0.53x | $67.26 Million |
| Taiwan Allied Container Terminal (5601) | $1.37 Billion | 1.39% | 0.35x | $65.94 Million |
| Sea & Land Integrated Co (5603) | $1.81 Billion | 10.96% | 0.44x | $43.62 Million |
| Dimerco Express (5609) | $5.94 Billion | 17.23% | 0.50x | $344.09 Million |
About 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.