Wah Lee Industrial Corp
Wah Lee Industrial Corporation engages in the manufacturing of materials, engineering and functional plastics, semiconductor process materials, and printed circuit boards in Taiwan. The company imports and exports various products, such as engineering equipment, optoelectronic products, electronic machine parts, and industrial materials. It also engages in the engineering of plastic raw materials… Read more
Wah Lee Industrial Corp (3010) - Net Assets
Latest net assets as of September 2025: NT$24.27 Billion TWD
Based on the latest financial reports, Wah Lee Industrial Corp (3010) has net assets worth NT$24.27 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$51.53 Billion) and total liabilities (NT$27.26 Billion). 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$24.27 Billion |
| % of Total Assets | 47.1% |
| Annual Growth Rate | 8.97% |
| 5-Year Change | 64.44% |
| 10-Year Change | 128.59% |
| Growth Volatility | 13.03 |
Wah Lee Industrial Corp - Net Assets Trend (2002–2024)
This chart illustrates how Wah Lee Industrial Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wah Lee Industrial Corp (2002–2024)
The table below shows the annual net assets of Wah Lee Industrial Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$24.52 Billion | +20.04% |
| 2023-12-31 | NT$20.42 Billion | +10.16% |
| 2022-12-31 | NT$18.54 Billion | +4.65% |
| 2021-12-31 | NT$17.72 Billion | +18.84% |
| 2020-12-31 | NT$14.91 Billion | +12.22% |
| 2019-12-31 | NT$13.28 Billion | +7.06% |
| 2018-12-31 | NT$12.41 Billion | +4.79% |
| 2017-12-31 | NT$11.84 Billion | +9.26% |
| 2016-12-31 | NT$10.84 Billion | +1.06% |
| 2015-12-31 | NT$10.72 Billion | +2.01% |
| 2014-12-31 | NT$10.51 Billion | +8.88% |
| 2013-12-31 | NT$9.66 Billion | +12.07% |
| 2012-12-31 | NT$8.62 Billion | +6.25% |
| 2011-12-31 | NT$8.11 Billion | +3.77% |
| 2010-12-31 | NT$7.81 Billion | +7.90% |
| 2009-12-31 | NT$7.24 Billion | +9.56% |
| 2008-12-31 | NT$6.61 Billion | +3.81% |
| 2007-12-31 | NT$6.37 Billion | +5.20% |
| 2006-12-31 | NT$6.05 Billion | -10.05% |
| 2005-12-31 | NT$6.73 Billion | +62.44% |
| 2004-12-31 | NT$4.14 Billion | +9.85% |
| 2003-12-31 | NT$3.77 Billion | +1.76% |
| 2002-12-31 | NT$3.71 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wah Lee Industrial Corp'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 1367.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$11.47 Billion | 50.91% |
| Common Stock | NT$2.59 Billion | 11.51% |
| Other Comprehensive Income | NT$4.59 Billion | 20.35% |
| Other Components | NT$3.88 Billion | 17.23% |
| Total Equity | NT$22.54 Billion | 100.00% |
Wah Lee Industrial Corp Competitors by Market Cap
The table below lists competitors of Wah Lee Industrial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Luk Fook Holdings (International) Limited
PINK:LKFLF
|
$645.40 Million |
|
HHC Changzhou Corp.
SHE:301061
|
$645.53 Million |
|
Unilever Indonesia Tbk
JK:UNVR
|
$645.57 Million |
|
Godawari Power And Ispat limited
NSE:GPIL
|
$645.57 Million |
|
BJs Restaurants Inc
NASDAQ:BJRI
|
$645.31 Million |
|
Anadolu Anonim Turk Sigorta Sti
IS:ANSGR
|
$645.25 Million |
|
Shenzhen Anche Technologies Co Ltd
SHE:300572
|
$645.15 Million |
|
Hanmi Science
KO:008930
|
$645.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wah Lee Industrial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,575,018,000 to 22,537,807,000, a change of 3,962,789,000 (21.3%).
- Net income of 2,252,904,000 contributed positively to equity growth.
- Dividend payments of 1,284,310,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,947,674,000.
- Other factors decreased equity by 953,479,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.25 Billion | +10.0% |
| Dividends Paid | NT$1.28 Billion | -5.7% |
| Other Comprehensive Income | NT$3.95 Billion | +17.52% |
| Other Changes | NT$-953.48 Million | -4.23% |
| Total Change | NT$- | 21.33% |
Book Value vs Market Value Analysis
This analysis compares Wah Lee Industrial Corp'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: 1.52x
- 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 5.05x to 1.52x 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$25.84 | NT$130.50 | x |
| 2007-12-31 | NT$26.93 | NT$130.50 | x |
| 2008-12-31 | NT$25.84 | NT$130.50 | x |
| 2009-12-31 | NT$28.80 | NT$130.50 | x |
| 2010-12-31 | NT$30.85 | NT$130.50 | x |
| 2011-12-31 | NT$31.35 | NT$130.50 | x |
| 2012-12-31 | NT$33.20 | NT$130.50 | x |
| 2013-12-31 | NT$37.03 | NT$130.50 | x |
| 2014-12-31 | NT$39.15 | NT$130.50 | x |
| 2015-12-31 | NT$37.70 | NT$130.50 | x |
| 2016-12-31 | NT$38.44 | NT$130.50 | x |
| 2017-12-31 | NT$43.10 | NT$130.50 | x |
| 2018-12-31 | NT$45.90 | NT$130.50 | x |
| 2019-12-31 | NT$46.97 | NT$130.50 | x |
| 2020-12-31 | NT$53.01 | NT$130.50 | x |
| 2021-12-31 | NT$64.22 | NT$130.50 | x |
| 2022-12-31 | NT$64.31 | NT$130.50 | x |
| 2023-12-31 | NT$70.73 | NT$130.50 | x |
| 2024-12-31 | NT$86.03 | NT$130.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wah Lee Industrial Corp 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): 10.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.82%
- • Asset Turnover: 1.53x
- • Equity Multiplier: 2.32x
- Recent ROE (10.00%) is below the historical average (15.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 19.51% | 5.03% | 1.68x | 2.31x | NT$316.54 Million |
| 2003 | 20.98% | 8.25% | 1.30x | 1.96x | NT$414.25 Million |
| 2004 | 26.01% | 8.23% | 1.54x | 2.05x | NT$650.02 Million |
| 2005 | 23.32% | 6.31% | 1.41x | 2.63x | NT$699.56 Million |
| 2006 | 22.57% | 10.29% | 1.32x | 1.66x | NT$760.97 Million |
| 2007 | 22.80% | 8.42% | 1.38x | 1.96x | NT$815.26 Million |
| 2008 | 11.61% | 3.00% | 1.72x | 2.25x | NT$101.00 Million |
| 2009 | 11.76% | 4.23% | 1.28x | 2.18x | NT$121.31 Million |
| 2010 | 19.01% | 5.22% | 1.55x | 2.36x | NT$668.17 Million |
| 2011 | 12.52% | 3.05% | 1.65x | 2.48x | NT$191.39 Million |
| 2012 | 12.20% | 3.11% | 1.57x | 2.50x | NT$177.09 Million |
| 2013 | 12.96% | 3.37% | 1.49x | 2.59x | NT$264.86 Million |
| 2014 | 13.14% | 3.19% | 1.52x | 2.71x | NT$304.54 Million |
| 2015 | 11.54% | 2.82% | 1.50x | 2.73x | NT$151.22 Million |
| 2016 | 10.57% | 2.64% | 1.59x | 2.52x | NT$56.77 Million |
| 2017 | 13.07% | 3.28% | 1.57x | 2.53x | NT$330.88 Million |
| 2018 | 12.16% | 2.54% | 1.66x | 2.88x | NT$239.39 Million |
| 2019 | 12.37% | 2.59% | 1.59x | 3.01x | NT$271.33 Million |
| 2020 | 14.44% | 3.15% | 1.52x | 3.01x | NT$571.32 Million |
| 2021 | 18.11% | 4.03% | 1.54x | 2.92x | NT$1.27 Billion |
| 2022 | 14.83% | 3.38% | 1.50x | 2.93x | NT$809.22 Million |
| 2023 | 11.38% | 3.17% | 1.33x | 2.70x | NT$256.22 Million |
| 2024 | 10.00% | 2.82% | 1.53x | 2.32x | NT$-876.70K |
Industry Comparison
This section compares Wah Lee Industrial Corp's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $2,897,833,000
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wah Lee Industrial Corp (3010) | NT$24.27 Billion | 19.51% | 1.12x | $645.33 Million |
| China Wire & Cable Co Ltd (1603) | $5.42 Billion | 6.01% | 0.54x | $77.13 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $3.21 Billion | 0.00% | 0.41x | $109.62 Million |
| Senao International Co Ltd (2450) | $2.47 Billion | 19.08% | 0.98x | $63.49 Million |
| Weikeng Industrial Co Ltd (3033) | $8.02 Billion | 21.45% | 2.43x | $384.05 Million |
| Edom Technology Co Ltd (3048) | $2.10 Billion | 2.91% | 1.93x | $169.71 Million |
| MetaTech AP (3224) | $2.73 Billion | -4.83% | 0.20x | $59.52 Million |
| Sentronic International (3232) | $707.13 Million | 2.11% | 1.04x | $22.56 Million |
| Kworld Computer Co Ltd (3287) | $564.27 Million | 0.19% | 0.26x | $17.39 Million |
| Casing Macron Technology Co Ltd (3325) | $856.45 Million | 7.53% | 0.84x | $31.07 Million |