Chang Hwa Commercial Bank Ltd
Chang Hwa Commercial Bank, Ltd., together with its subsidiaries, provides commercial banking products and services in Taiwan and internationally. It offers checking, demand, time, omnibus, and savings deposits, as well as foreign services, including currency deposit, negotiable certificates of deposit; and remittances, and credit and debit cards. The company also provides insurance products; synd… Read more
Chang Hwa Commercial Bank Ltd (2801) - Net Assets
Latest net assets as of September 2025: NT$212.49 Billion TWD
Based on the latest financial reports, Chang Hwa Commercial Bank Ltd (2801) has net assets worth NT$212.49 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$3.36 Trillion) and total liabilities (NT$3.14 Trillion). 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$212.49 Billion |
| % of Total Assets | 6.33% |
| Annual Growth Rate | 5.23% |
| 5-Year Change | 22.02% |
| 10-Year Change | 55.55% |
| Growth Volatility | 3.91 |
Chang Hwa Commercial Bank Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Chang Hwa Commercial Bank 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 Chang Hwa Commercial Bank Ltd (2005–2024)
The table below shows the annual net assets of Chang Hwa Commercial Bank Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$201.40 Billion | +7.13% |
| 2023-12-31 | NT$188.00 Billion | +11.22% |
| 2022-12-31 | NT$169.03 Billion | -1.41% |
| 2021-12-31 | NT$171.45 Billion | +3.88% |
| 2020-12-31 | NT$165.05 Billion | +1.74% |
| 2019-12-31 | NT$162.24 Billion | +3.63% |
| 2018-12-31 | NT$156.56 Billion | +8.01% |
| 2017-12-31 | NT$144.95 Billion | +5.40% |
| 2016-12-31 | NT$137.52 Billion | +6.22% |
| 2015-12-31 | NT$129.47 Billion | +8.58% |
| 2014-12-31 | NT$119.24 Billion | +6.08% |
| 2013-12-31 | NT$112.40 Billion | +7.16% |
| 2012-12-31 | NT$104.90 Billion | +7.78% |
| 2011-12-31 | NT$97.32 Billion | +12.40% |
| 2010-12-31 | NT$86.58 Billion | +6.87% |
| 2009-12-31 | NT$81.02 Billion | +0.51% |
| 2008-12-31 | NT$80.61 Billion | -1.48% |
| 2007-12-31 | NT$81.81 Billion | -0.45% |
| 2006-12-31 | NT$82.18 Billion | +7.57% |
| 2005-12-31 | NT$76.40 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chang Hwa Commercial Bank 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 1647623700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$16.48 Billion | 8.18% |
| Common Stock | NT$112.06 Billion | 55.64% |
| Other Components | NT$72.86 Billion | 36.18% |
| Total Equity | NT$201.40 Billion | 100.00% |
Chang Hwa Commercial Bank Ltd Competitors by Market Cap
The table below lists competitors of Chang Hwa Commercial Bank Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vibra Energia S.A.
SA:VBBR3
|
$5.11 Billion |
|
JB Hi-Fi Ltd
AU:JBH
|
$5.11 Billion |
|
TIANQI LITHIUM H YC 1
F:2220
|
$5.11 Billion |
|
Cidara Therapeutics Inc
NASDAQ:CDTX
|
$5.12 Billion |
|
Sonoco Products Company
NYSE:SON
|
$5.10 Billion |
|
INVESTEC LTD RC-0002
F:IYYA
|
$5.10 Billion |
|
Arcosa Inc
NYSE:ACA
|
$5.09 Billion |
|
Porsche Automobil Holding SE Pfd.
WAR:PSHE
|
$5.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chang Hwa Commercial Bank Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 187,998,056,000 to 201,397,388,000, a change of 13,399,332,000 (7.1%).
- Net income of 14,945,371,000 contributed positively to equity growth.
- Dividend payments of 5,972,061,000 reduced retained earnings.
- Other comprehensive income decreased equity by 65,932,376,000.
- Other factors increased equity by 70,358,398,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$14.95 Billion | +7.42% |
| Dividends Paid | NT$5.97 Billion | -2.97% |
| Other Comprehensive Income | NT$-65.93 Billion | -32.74% |
| Other Changes | NT$70.36 Billion | +34.94% |
| Total Change | NT$- | 7.13% |
Book Value vs Market Value Analysis
This analysis compares Chang Hwa Commercial Bank 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: 1.15x
- 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 2.23x to 1.15x 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$9.23 | NT$20.60 | x |
| 2007-12-31 | NT$7.74 | NT$20.60 | x |
| 2008-12-31 | NT$7.59 | NT$20.60 | x |
| 2009-12-31 | NT$7.63 | NT$20.60 | x |
| 2010-12-31 | NT$8.15 | NT$20.60 | x |
| 2011-12-31 | NT$9.15 | NT$20.60 | x |
| 2012-12-31 | NT$9.84 | NT$20.60 | x |
| 2013-12-31 | NT$10.54 | NT$20.60 | x |
| 2014-12-31 | NT$11.19 | NT$20.60 | x |
| 2015-12-31 | NT$12.14 | NT$20.60 | x |
| 2016-12-31 | NT$12.91 | NT$20.60 | x |
| 2017-12-31 | NT$13.61 | NT$20.60 | x |
| 2018-12-31 | NT$14.70 | NT$20.60 | x |
| 2019-12-31 | NT$14.88 | NT$20.60 | x |
| 2020-12-31 | NT$15.16 | NT$20.60 | x |
| 2021-12-31 | NT$15.74 | NT$20.60 | x |
| 2022-12-31 | NT$15.50 | NT$20.60 | x |
| 2023-12-31 | NT$16.69 | NT$20.60 | x |
| 2024-12-31 | NT$17.87 | NT$20.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chang Hwa Commercial Bank 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): 7.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.66%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 15.75x
- Recent ROE (7.42%) is below the historical average (7.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 13.84% | 22.52% | 0.04x | 16.49x | NT$3.16 Billion |
| 2007 | 10.37% | 17.63% | 0.04x | 16.03x | NT$302.06 Million |
| 2008 | 6.02% | 11.39% | 0.03x | 17.33x | NT$-3.21 Billion |
| 2009 | 3.81% | 10.58% | 0.02x | 18.21x | NT$-5.01 Billion |
| 2010 | 9.04% | 26.19% | 0.02x | 17.36x | NT$-831.85 Million |
| 2011 | 9.29% | 27.37% | 0.02x | 16.38x | NT$-689.95 Million |
| 2012 | 8.05% | 21.39% | 0.02x | 15.39x | NT$-2.04 Billion |
| 2013 | 7.85% | 25.91% | 0.02x | 15.12x | NT$-2.42 Billion |
| 2014 | 9.14% | 22.35% | 0.03x | 15.23x | NT$-1.03 Billion |
| 2015 | 8.99% | 21.27% | 0.03x | 14.72x | NT$-1.30 Billion |
| 2016 | 8.79% | 21.16% | 0.03x | 14.58x | NT$-1.67 Billion |
| 2017 | 8.34% | 21.32% | 0.03x | 14.05x | NT$-2.40 Billion |
| 2018 | 8.08% | 20.14% | 0.03x | 13.30x | NT$-3.01 Billion |
| 2019 | 7.13% | 19.04% | 0.03x | 13.16x | NT$-4.65 Billion |
| 2020 | 4.27% | 18.53% | 0.02x | 14.02x | NT$-9.46 Billion |
| 2021 | 5.13% | 24.64% | 0.01x | 14.88x | NT$-8.34 Billion |
| 2022 | 6.49% | 21.42% | 0.02x | 15.88x | NT$-5.93 Billion |
| 2023 | 6.91% | 15.95% | 0.03x | 15.43x | NT$-5.82 Billion |
| 2024 | 7.42% | 15.66% | 0.03x | 15.75x | NT$-5.19 Billion |
Industry Comparison
This section compares Chang Hwa Commercial Bank Ltd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $81,865,027,000
- Average return on equity (ROE) among peers: 4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chang Hwa Commercial Bank Ltd (2801) | NT$212.49 Billion | 13.84% | 14.79x | $5.10 Billion |
| China Man-Made Fiber Corp (1718) | $50.92 Billion | -0.40% | 11.87x | $221.62 Million |
| King’s Town Bank (2809) | $54.63 Billion | 9.20% | 6.19x | $1.04 Billion |
| Taichung Commercial Bank Co Ltd (2812) | $39.95 Billion | 8.70% | 13.41x | $2.51 Billion |
| Taiwan Business Bank (2834) | $39.41 Billion | 2.03% | 25.90x | $3.22 Billion |
| Bank of Kaohsiung Ltd (2836) | $10.74 Billion | 3.90% | 20.83x | $258.57 Million |
| Union Bank of Taiwan (2838) | $19.26 Billion | 1.33% | 17.70x | $600.99 Million |
| Far Eastern International Bank (2845) | $328.07 Billion | -0.24% | 0.10x | $1.50 Billion |
| EnTie Commercial Bank Ltd (2849) | $34.84 Billion | 6.67% | 8.56x | $150.36 Million |
| Hua Nan Financial Holdings Co Ltd (2880) | $158.98 Billion | 8.86% | 15.01x | $10.28 Billion |