CTBC Financial Holding Co Ltd Pref
CTBC Financial Holding Co., Ltd., together with its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and North America. It operates through Institutional Banking, Retail Banking, Life Insurance, and Others segments. The company offers commercial banking and capital market services; investment management and securities investment consultant; wealth management… Read more
CTBC Financial Holding Co Ltd Pref (2891B) - Net Assets
Latest net assets as of September 2025: NT$520.49 Billion TWD
Based on the latest financial reports, CTBC Financial Holding Co Ltd Pref (2891B) has net assets worth NT$520.49 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$9.03 Trillion) and total liabilities (NT$8.51 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$520.49 Billion |
| % of Total Assets | 5.76% |
| Annual Growth Rate | 8.36% |
| 5-Year Change | 25.92% |
| 10-Year Change | N/A |
| Growth Volatility | 11.11 |
CTBC Financial Holding Co Ltd Pref - Net Assets Trend (2018–2024)
This chart illustrates how CTBC Financial Holding Co Ltd Pref's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CTBC Financial Holding Co Ltd Pref (2018–2024)
The table below shows the annual net assets of CTBC Financial Holding Co Ltd Pref from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$510.35 Billion | +9.67% |
| 2023-12-31 | NT$465.35 Billion | +18.46% |
| 2022-12-31 | NT$392.82 Billion | -13.21% |
| 2021-12-31 | NT$452.60 Billion | +11.67% |
| 2020-12-31 | NT$405.31 Billion | +6.32% |
| 2019-12-31 | NT$381.22 Billion | +20.97% |
| 2018-12-31 | NT$315.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CTBC Financial Holding Co Ltd Pref'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 23.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$126.76 Billion | 26.19% |
| Other Components | NT$357.19 Billion | 73.81% |
| Total Equity | NT$483.95 Billion | 100.00% |
CTBC Financial Holding Co Ltd Pref Competitors by Market Cap
The table below lists competitors of CTBC Financial Holding Co Ltd Pref ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Symrise AG
PINK:SYIEF
|
$12.58 Billion |
|
Sterling Construction Company Inc
NASDAQ:STRL
|
$12.58 Billion |
|
Kingspan Group plc
PINK:KGSPF
|
$12.59 Billion |
|
Kubota Corporation
PINK:KUBTF
|
$12.60 Billion |
|
Federal Home Loan Mortgage Corp Pref Perpetual
OTCQB:FMCCT
|
$12.56 Billion |
|
Regency Centers Corporation
NASDAQ:REG
|
$12.56 Billion |
|
Guidewire Software Inc
NYSE:GWRE
|
$12.55 Billion |
|
Renaissancere Holdings Ltd
NYSE:RNR
|
$12.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CTBC Financial Holding Co Ltd Pref's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 441,749,634,000 to 483,947,737,000, a change of 42,198,103,000 (9.6%).
- Net income of 72,028,449,000 contributed positively to equity growth.
- Dividend payments of 36,720,513,000 reduced retained earnings.
- Other factors increased equity by 6,890,167,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$72.03 Billion | +14.88% |
| Dividends Paid | NT$36.72 Billion | -7.59% |
| Other Changes | NT$6.89 Billion | +1.42% |
| Total Change | NT$- | 9.55% |
Book Value vs Market Value Analysis
This analysis compares CTBC Financial Holding Co Ltd Pref'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: 2.61x
- 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 3.99x to 2.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | NT$16.16 | NT$64.40 | x |
| 2019-12-31 | NT$19.55 | NT$64.40 | x |
| 2020-12-31 | NT$20.78 | NT$64.40 | x |
| 2021-12-31 | NT$22.08 | NT$64.40 | x |
| 2022-12-31 | NT$18.87 | NT$64.40 | x |
| 2023-12-31 | NT$22.51 | NT$64.40 | x |
| 2024-12-31 | NT$24.67 | NT$64.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CTBC Financial Holding Co Ltd Pref 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): 14.88%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.10%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 18.27x
- Recent ROE (14.88%) is above the historical average (11.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 11.44% | 11.50% | 0.05x | 18.26x | NT$4.53 Billion |
| 2019 | 11.25% | 16.33% | 0.04x | 16.32x | NT$4.77 Billion |
| 2020 | 10.58% | 22.17% | 0.03x | 16.33x | NT$2.33 Billion |
| 2021 | 12.59% | 29.31% | 0.03x | 16.46x | NT$11.16 Billion |
| 2022 | 8.47% | 20.72% | 0.02x | 20.89x | NT$-5.67 Billion |
| 2023 | 12.70% | 42.72% | 0.02x | 18.80x | NT$11.91 Billion |
| 2024 | 14.88% | 37.10% | 0.02x | 18.27x | NT$23.63 Billion |
Industry Comparison
This section compares CTBC Financial Holding Co Ltd Pref's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $105,632,083,200
- Average return on equity (ROE) among peers: -1.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CTBC Financial Holding Co Ltd Pref (2891B) | NT$520.49 Billion | 11.44% | 16.35x | $12.57 Billion |
| China Man-Made Fiber Corp (1718) | $24.26 Billion | -4.62% | 10.83x | $219.85 Million |
| Chang Hwa Commercial Bank Ltd (2801) | $129.47 Billion | 8.99% | 13.72x | $5.15 Billion |
| King’s Town Bank (2809) | $46.58 Billion | 11.79% | 5.99x | $1.04 Billion |
| Taichung Commercial Bank Co Ltd (2812) | $8.33 Billion | -56.48% | 30.16x | $2.47 Billion |
| Taiwan Business Bank (2834) | $46.91 Billion | 6.35% | 26.01x | $3.25 Billion |
| Bank of Kaohsiung Ltd (2836) | $18.55 Billion | 4.66% | 15.54x | $259.63 Million |
| Union Bank of Taiwan (2838) | $32.31 Billion | 9.58% | 14.06x | $604.01 Million |
| Far Eastern International Bank (2845) | $526.24 Billion | 0.74% | 0.04x | $1.51 Billion |
| EnTie Commercial Bank Ltd (2849) | $34.26 Billion | 3.87% | 9.62x | $152.68 Million |
| Hua Nan Financial Holdings Co Ltd (2880) | $189.40 Billion | 4.57% | 15.37x | $10.14 Billion |