Chang Hwa Commercial Bank Ltd (2801) - Net Assets
Based on the latest financial reports, Chang Hwa Commercial Bank Ltd (2801) has net assets worth NT$225.98 Billion TWD (≈ $7.12 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.48 Trillion ≈ $109.69 Billion USD) and total liabilities (NT$3.26 Trillion ≈ $102.57 Billion 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 Chang Hwa Commercial Bank Ltd (2801) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$225.98 Billion |
| % of Total Assets | 6.49% |
| Annual Growth Rate | 5.44% |
| 5-Year Change | 28.51% |
| 10-Year Change | 60.21% |
| Growth Volatility | 3.91 |
Chang Hwa Commercial Bank Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Chang Hwa Commercial Bank Ltd's net assets have evolved over time, based on quarterly financial data. See Chang Hwa Commercial Bank Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Chang Hwa Commercial Bank Ltd (2005–2025)
The table below shows the annual net assets of Chang Hwa Commercial Bank Ltd from 2005 to 2025. For live valuation and market cap data, see Chang Hwa Commercial Bank Ltd (2801) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$220.33 Billion ≈ $6.94 Billion |
+9.40% |
| 2024-12-31 | NT$201.40 Billion ≈ $6.35 Billion |
+7.13% |
| 2023-12-31 | NT$188.00 Billion ≈ $5.92 Billion |
+11.22% |
| 2022-12-31 | NT$169.03 Billion ≈ $5.33 Billion |
-1.41% |
| 2021-12-31 | NT$171.45 Billion ≈ $5.40 Billion |
+3.88% |
| 2020-12-31 | NT$165.05 Billion ≈ $5.20 Billion |
+1.74% |
| 2019-12-31 | NT$162.24 Billion ≈ $5.11 Billion |
+3.63% |
| 2018-12-31 | NT$156.56 Billion ≈ $4.93 Billion |
+8.01% |
| 2017-12-31 | NT$144.95 Billion ≈ $4.57 Billion |
+5.40% |
| 2016-12-31 | NT$137.52 Billion ≈ $4.33 Billion |
+6.22% |
| 2015-12-31 | NT$129.47 Billion ≈ $4.08 Billion |
+8.58% |
| 2014-12-31 | NT$119.24 Billion ≈ $3.76 Billion |
+6.08% |
| 2013-12-31 | NT$112.40 Billion ≈ $3.54 Billion |
+7.16% |
| 2012-12-31 | NT$104.90 Billion ≈ $3.30 Billion |
+7.78% |
| 2011-12-31 | NT$97.32 Billion ≈ $3.07 Billion |
+12.40% |
| 2010-12-31 | NT$86.58 Billion ≈ $2.73 Billion |
+6.87% |
| 2009-12-31 | NT$81.02 Billion ≈ $2.55 Billion |
+0.51% |
| 2008-12-31 | NT$80.61 Billion ≈ $2.54 Billion |
-1.48% |
| 2007-12-31 | NT$81.81 Billion ≈ $2.58 Billion |
-0.45% |
| 2006-12-31 | NT$82.18 Billion ≈ $2.59 Billion |
+7.57% |
| 2005-12-31 | NT$76.40 Billion ≈ $2.41 Billion |
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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 1868444400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$18.68 Billion | 8.48% |
| Common Stock | NT$117.66 Billion | 53.40% |
| Other Components | NT$83.98 Billion | 38.12% |
| Total Equity | NT$220.33 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 |
|---|---|
|
Booz Allen Hamilton Holding
NYSE:BAH
|
$8.51 Billion |
|
KAWASAKI KISEN K. ADR/1/2
F:KLI
|
$8.52 Billion |
|
Yes Bank Limited
NSE:YESBANK
|
$8.52 Billion |
|
Ryder System Inc
NYSE:R
|
$8.53 Billion |
|
Zhejiang Chint Electrics Co
SHG:601877
|
$8.51 Billion |
|
Tianshan Aluminum Group Co Ltd
SHE:002532
|
$8.50 Billion |
|
Frontline Ltd
NYSE:FRO
|
$8.49 Billion |
|
Primo Brands Corporation
NYSE:PRMB
|
$8.48 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 2024 to 2025, total equity changed from 201,397,388,000 to 220,327,055,000, a change of 18,929,667,000 (9.4%).
- Net income of 17,774,866,000 contributed positively to equity growth.
- Dividend payments of 5,602,879,000 reduced retained earnings.
- Other factors increased equity by 6,757,680,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$17.77 Billion | +8.07% |
| Dividends Paid | NT$5.60 Billion | -2.54% |
| Other Changes | NT$6.76 Billion | +3.07% |
| Total Change | NT$- | 9.40% |
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: 1.23x
- 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 2.49x to 1.23x 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$22.95 | x |
| 2007-12-31 | NT$7.74 | NT$22.95 | x |
| 2008-12-31 | NT$7.59 | NT$22.95 | x |
| 2009-12-31 | NT$7.63 | NT$22.95 | x |
| 2010-12-31 | NT$8.15 | NT$22.95 | x |
| 2011-12-31 | NT$9.15 | NT$22.95 | x |
| 2012-12-31 | NT$9.84 | NT$22.95 | x |
| 2013-12-31 | NT$10.54 | NT$22.95 | x |
| 2014-12-31 | NT$11.19 | NT$22.95 | x |
| 2015-12-31 | NT$12.14 | NT$22.95 | x |
| 2016-12-31 | NT$12.91 | NT$22.95 | x |
| 2017-12-31 | NT$13.61 | NT$22.95 | x |
| 2018-12-31 | NT$14.70 | NT$22.95 | x |
| 2019-12-31 | NT$14.88 | NT$22.95 | x |
| 2020-12-31 | NT$15.16 | NT$22.95 | x |
| 2021-12-31 | NT$15.74 | NT$22.95 | x |
| 2022-12-31 | NT$15.50 | NT$22.95 | x |
| 2023-12-31 | NT$16.69 | NT$22.95 | x |
| 2024-12-31 | NT$17.87 | NT$22.95 | x |
| 2025-12-31 | NT$18.72 | NT$22.95 | 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): 8.07%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.05%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 15.33x
- Recent ROE (8.07%) is above the historical average (7.85%), indicating improving 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 |
| 2025 | 8.07% | 18.05% | 0.03x | 15.33x | NT$-4.26 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: $87,129,966,222
- Average return on equity (ROE) among peers: 6.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chang Hwa Commercial Bank Ltd (2801) | NT$225.98 Billion | 13.84% | 14.41x | $8.51 Billion |
| China Man-Made Fiber Corp (1718) | $53.40 Billion | 1.49% | 11.95x | $413.80 Million |
| King’s Town Bank (2809) | $48.88 Billion | 11.52% | 6.02x | $1.98 Billion |
| Taichung Commercial Bank Co Ltd (2812) | $30.88 Billion | 9.91% | 15.07x | $3.77 Billion |
| Taiwan Business Bank (2834) | $62.74 Billion | 8.47% | 21.19x | $5.40 Billion |
| Bank of Kaohsiung Ltd (2836) | $18.55 Billion | 4.66% | 15.54x | $692.23 Million |
| Union Bank of Taiwan (2838) | $22.19 Billion | 8.23% | 17.09x | $3.07 Billion |
| Union Bank of Taiwan Pref (2838A) | $48.19 Billion | 5.70% | 10.74x | $4.61 Billion |
| Far Eastern International Bank (2845) | $465.09 Billion | 0.66% | 0.06x | $2.04 Billion |
| EnTie Commercial Bank Ltd (2849) | $34.26 Billion | 3.87% | 9.62x | $897.38 Million |
About Chang Hwa Commercial Bank Ltd
Chang Hwa Commercial Bank, Ltd., together with its subsidiaries, provides commercial banking products and services in Taiwan and internationally. The company offers deposit products, including checking, demand, time, omnibus, and savings deposits, as well as foreign services, including currency deposit, negotiable certificates of deposit; remittances; and credit and debit cards. It also provides … Read more