Sinopac Financial Holdings Co Ltd
SinoPac Financial Holdings Company Limited, through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide. It operates through Banking, Securities, and Other Business segments. The company offers commercial banking services, such as corporate banking, retail banking, wealth management, financial services, digital banking, etc. It also provides… Read more
Sinopac Financial Holdings Co Ltd (2890) - Net Assets
Latest net assets as of June 2025: NT$207.90 Billion TWD
Based on the latest financial reports, Sinopac Financial Holdings Co Ltd (2890) has net assets worth NT$207.90 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.07 Trillion) and total liabilities (NT$2.86 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$207.90 Billion |
| % of Total Assets | 6.77% |
| Annual Growth Rate | 7.27% |
| 5-Year Change | 31.77% |
| 10-Year Change | 55.93% |
| Growth Volatility | 18.76 |
Sinopac Financial Holdings Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Sinopac Financial Holdings 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 Sinopac Financial Holdings Co Ltd (2001–2024)
The table below shows the annual net assets of Sinopac Financial Holdings Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$205.38 Billion | +9.05% |
| 2023-12-31 | NT$188.34 Billion | +22.28% |
| 2022-12-31 | NT$154.02 Billion | -5.40% |
| 2021-12-31 | NT$162.80 Billion | +4.45% |
| 2020-12-31 | NT$155.87 Billion | +5.06% |
| 2019-12-31 | NT$148.37 Billion | +4.61% |
| 2018-12-31 | NT$141.82 Billion | +2.58% |
| 2017-12-31 | NT$138.26 Billion | +3.26% |
| 2016-12-31 | NT$133.90 Billion | +1.66% |
| 2015-12-31 | NT$131.71 Billion | +4.86% |
| 2014-12-31 | NT$125.61 Billion | +15.76% |
| 2013-12-31 | NT$108.51 Billion | +9.96% |
| 2012-12-31 | NT$98.68 Billion | +9.53% |
| 2011-12-31 | NT$90.09 Billion | +3.86% |
| 2010-12-31 | NT$86.74 Billion | +4.68% |
| 2009-12-31 | NT$82.86 Billion | +44.25% |
| 2008-12-31 | NT$57.44 Billion | -6.75% |
| 2007-12-31 | NT$61.60 Billion | -4.98% |
| 2006-12-31 | NT$64.83 Billion | -28.53% |
| 2005-12-31 | NT$90.71 Billion | +74.61% |
| 2004-12-31 | NT$51.95 Billion | +10.49% |
| 2003-12-31 | NT$47.02 Billion | +4.96% |
| 2002-12-31 | NT$44.80 Billion | +9.57% |
| 2001-12-31 | NT$40.89 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sinopac Financial Holdings 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 1524.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$46.58 Billion | 22.68% |
| Other Components | NT$158.81 Billion | 77.32% |
| Total Equity | NT$205.38 Billion | 100.00% |
Sinopac Financial Holdings Co Ltd Competitors by Market Cap
The table below lists competitors of Sinopac Financial Holdings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Great-West Lifeco Inc
PINK:GWLIF
|
$10.50 Billion |
|
Poly Real Estate Group Co Ltd
SHG:600048
|
$10.51 Billion |
|
Tempur Sealy International Inc
NYSE:TPX
|
$10.51 Billion |
|
SHAND.GOLD MNG LTD H HD 1
F:188H
|
$10.51 Billion |
|
WATSCO INC. B CV DL-50
F:WC30
|
$10.47 Billion |
|
First Horizon National Corporation
NYSE:FHN
|
$10.46 Billion |
|
Galaxy Entertainment Group Ltd
PINK:GXYEF
|
$10.45 Billion |
|
Boliden AB
ST:BOL
|
$10.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinopac Financial Holdings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 188,335,956,000 to 205,382,948,000, a change of 17,046,992,000 (9.1%).
- Net income of 22,228,979,000 contributed positively to equity growth.
- Dividend payments of 9,282,330,000 reduced retained earnings.
- Other comprehensive income decreased equity by 33,324,375,000.
- Other factors increased equity by 37,424,718,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$22.23 Billion | +10.82% |
| Dividends Paid | NT$9.28 Billion | -4.52% |
| Other Comprehensive Income | NT$-33.32 Billion | -16.23% |
| Other Changes | NT$37.42 Billion | +18.22% |
| Total Change | NT$- | 9.05% |
Book Value vs Market Value Analysis
This analysis compares Sinopac Financial Holdings 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: 2.03x
- 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 5.80x to 2.03x 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$5.47 | NT$31.75 | x |
| 2007-12-31 | NT$5.39 | NT$31.75 | x |
| 2008-12-31 | NT$5.37 | NT$31.75 | x |
| 2009-12-31 | NT$7.67 | NT$31.75 | x |
| 2010-12-31 | NT$8.00 | NT$31.75 | x |
| 2011-12-31 | NT$8.31 | NT$31.75 | x |
| 2012-12-31 | NT$9.11 | NT$31.75 | x |
| 2013-12-31 | NT$10.09 | NT$31.75 | x |
| 2014-12-31 | NT$11.56 | NT$31.75 | x |
| 2015-12-31 | NT$11.48 | NT$31.75 | x |
| 2016-12-31 | NT$11.67 | NT$31.75 | x |
| 2017-12-31 | NT$12.05 | NT$31.75 | x |
| 2018-12-31 | NT$12.36 | NT$31.75 | x |
| 2019-12-31 | NT$12.68 | NT$31.75 | x |
| 2020-12-31 | NT$13.32 | NT$31.75 | x |
| 2021-12-31 | NT$13.91 | NT$31.75 | x |
| 2022-12-31 | NT$13.16 | NT$31.75 | x |
| 2023-12-31 | NT$15.40 | NT$31.75 | x |
| 2024-12-31 | NT$15.66 | NT$31.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinopac Financial Holdings Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.96%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 14.94x
- Recent ROE (10.82%) is above the historical average (6.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.99% | 11.20% | 0.06x | 9.44x | NT$-1.79 Billion |
| 2003 | 8.97% | 15.68% | 0.05x | 11.02x | NT$-485.70 Million |
| 2004 | 8.90% | 16.68% | 0.05x | 11.46x | NT$-569.24 Million |
| 2005 | 6.39% | 11.64% | 0.05x | 12.13x | NT$-3.27 Billion |
| 2006 | 4.24% | 64.13% | 0.00x | 16.43x | NT$-3.68 Billion |
| 2007 | 4.12% | 65.02% | 0.00x | 17.30x | NT$-3.56 Billion |
| 2008 | -6.42% | -19.55% | 0.02x | 18.24x | NT$-9.43 Billion |
| 2009 | 1.10% | 3.60% | 0.02x | 13.60x | NT$-7.38 Billion |
| 2010 | 5.89% | 19.71% | 0.02x | 14.19x | NT$-3.57 Billion |
| 2011 | 3.41% | 12.86% | 0.02x | 14.43x | NT$-5.94 Billion |
| 2012 | 9.67% | 34.05% | 0.02x | 13.75x | NT$-324.18 Million |
| 2013 | 9.95% | 32.82% | 0.02x | 13.52x | NT$-53.73 Million |
| 2014 | 10.35% | 37.64% | 0.02x | 12.34x | NT$434.71 Million |
| 2015 | 8.25% | 33.80% | 0.02x | 12.06x | NT$-2.31 Billion |
| 2016 | 6.19% | 27.44% | 0.02x | 12.54x | NT$-5.10 Billion |
| 2017 | 6.57% | 27.42% | 0.02x | 11.57x | NT$-4.74 Billion |
| 2018 | 6.65% | 29.43% | 0.02x | 11.32x | NT$-4.75 Billion |
| 2019 | 8.41% | 34.41% | 0.02x | 12.36x | NT$-2.36 Billion |
| 2020 | 7.85% | 31.06% | 0.02x | 13.75x | NT$-3.35 Billion |
| 2021 | 9.96% | 36.24% | 0.02x | 14.64x | NT$-69.38 Million |
| 2022 | 10.36% | 34.63% | 0.02x | 16.81x | NT$559.13 Million |
| 2023 | 10.49% | 38.30% | 0.02x | 14.71x | NT$930.79 Million |
| 2024 | 10.82% | 34.96% | 0.02x | 14.94x | NT$1.69 Billion |
Industry Comparison
This section compares Sinopac Financial Holdings Co Ltd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $92,478,329,900
- Average return on equity (ROE) among peers: 4.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinopac Financial Holdings Co Ltd (2890) | NT$207.90 Billion | 5.99% | 13.78x | $10.49 Billion |
| China Man-Made Fiber Corp (1718) | $50.92 Billion | -0.40% | 11.87x | $221.62 Million |
| Chang Hwa Commercial Bank Ltd (2801) | $188.00 Billion | 6.91% | 14.43x | $5.10 Billion |
| 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 |