Swancor Holding Co Ltd
Swancor Holding Co., LTD. engages in the manufacture and trading of chemical materials in Taiwan and internationally. It offers vinyl ester for anti-corrosion tank, pipes for factories, desulfurization tanks, and chimneys for power plants; and epoxy resins and hardeners for wind turbine blades. The company sells its products under SWANCOR brand name. Swancor Holding Co., LTD. was founded in 1992 … Read more
Swancor Holding Co Ltd (3708) - Net Assets
Latest net assets as of September 2025: NT$12.28 Billion TWD
Based on the latest financial reports, Swancor Holding Co Ltd (3708) has net assets worth NT$12.28 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$18.35 Billion) and total liabilities (NT$6.08 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$12.28 Billion |
| % of Total Assets | 66.88% |
| Annual Growth Rate | 13.54% |
| 5-Year Change | 47.7% |
| 10-Year Change | 184.41% |
| Growth Volatility | 12.51 |
Swancor Holding Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Swancor Holding 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 Swancor Holding Co Ltd (2009–2024)
The table below shows the annual net assets of Swancor Holding Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$9.48 Billion | +9.35% |
| 2023-12-31 | NT$8.67 Billion | +9.03% |
| 2022-12-31 | NT$7.95 Billion | +21.14% |
| 2021-12-31 | NT$6.56 Billion | +2.26% |
| 2020-12-31 | NT$6.42 Billion | +15.13% |
| 2019-12-31 | NT$5.57 Billion | +5.44% |
| 2018-12-31 | NT$5.28 Billion | +19.19% |
| 2017-12-31 | NT$4.43 Billion | -1.63% |
| 2016-12-31 | NT$4.51 Billion | +35.29% |
| 2015-12-31 | NT$3.33 Billion | +23.79% |
| 2014-12-31 | NT$2.69 Billion | +37.53% |
| 2013-12-31 | NT$1.96 Billion | +22.91% |
| 2012-12-31 | NT$1.59 Billion | +1.31% |
| 2011-12-31 | NT$1.57 Billion | +18.57% |
| 2010-12-31 | NT$1.33 Billion | -6.04% |
| 2009-12-31 | NT$1.41 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Swancor Holding 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 1123.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.01 Billion | 36.18% |
| Common Stock | NT$1.10 Billion | 13.28% |
| Other Comprehensive Income | NT$-265.94 Million | -3.20% |
| Other Components | NT$4.47 Billion | 53.74% |
| Total Equity | NT$8.31 Billion | 100.00% |
Swancor Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Swancor Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chahua Modern Housewares Co Ltd
SHG:603615
|
$309.92 Million |
|
Beijing Sanyuan Foods Co Ltd
SHG:600429
|
$310.01 Million |
|
KKR REAL EST.FIN.TR. -01
F:8KR
|
$310.02 Million |
|
Biglari Holdings Inc
NYSE:BH-A
|
$310.04 Million |
|
Huangshan Tourism Development Co Ltd B
SHG:900942
|
$309.89 Million |
|
Hubei Guochuang Hi-tech Material Co Ltd
SHE:002377
|
$309.88 Million |
|
Central Asia Metals plc
PINK:CAMLF
|
$309.86 Million |
|
Jiangxi Hungpai New Material Co Ltd
SHG:605366
|
$309.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Swancor Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,360,767,000 to 8,309,432,000, a change of 948,665,000 (12.9%).
- Net income of 284,089,000 contributed positively to equity growth.
- Dividend payments of 585,033,000 reduced retained earnings.
- Share repurchases of 94,186,000 reduced equity.
- Other comprehensive income increased equity by 189,560,001.
- Other factors increased equity by 1,154,234,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$284.09 Million | +3.42% |
| Dividends Paid | NT$585.03 Million | -7.04% |
| Share Repurchases | NT$94.19 Million | -1.13% |
| Other Comprehensive Income | NT$189.56 Million | +2.28% |
| Other Changes | NT$1.15 Billion | +13.89% |
| Total Change | NT$- | 12.89% |
Book Value vs Market Value Analysis
This analysis compares Swancor Holding 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: 1.76x
- 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 6.42x to 1.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$19.78 | NT$127.00 | x |
| 2010-12-31 | NT$19.06 | NT$127.00 | x |
| 2011-12-31 | NT$20.44 | NT$127.00 | x |
| 2012-12-31 | NT$20.70 | NT$127.00 | x |
| 2013-12-31 | NT$23.98 | NT$127.00 | x |
| 2014-12-31 | NT$29.14 | NT$127.00 | x |
| 2015-12-31 | NT$37.37 | NT$127.00 | x |
| 2016-12-31 | NT$43.79 | NT$127.00 | x |
| 2017-12-31 | NT$44.32 | NT$127.00 | x |
| 2018-12-31 | NT$52.99 | NT$127.00 | x |
| 2019-12-31 | NT$55.07 | NT$127.00 | x |
| 2020-12-31 | NT$57.65 | NT$127.00 | x |
| 2021-12-31 | NT$55.47 | NT$127.00 | x |
| 2022-12-31 | NT$58.58 | NT$127.00 | x |
| 2023-12-31 | NT$64.18 | NT$127.00 | x |
| 2024-12-31 | NT$72.23 | NT$127.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Swancor Holding 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): 3.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.61%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.78x
- Recent ROE (3.42%) is below the historical average (13.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 15.93% | 9.12% | 1.16x | 1.50x | NT$83.63 Million |
| 2010 | 11.92% | 4.40% | 1.32x | 2.05x | NT$25.47 Million |
| 2011 | 11.81% | 5.16% | 1.25x | 1.83x | NT$28.45 Million |
| 2012 | 16.47% | 7.82% | 1.12x | 1.88x | NT$102.57 Million |
| 2013 | 11.67% | 6.46% | 0.86x | 2.10x | NT$32.57 Million |
| 2014 | 27.56% | 12.38% | 0.97x | 2.30x | NT$471.86 Million |
| 2015 | 31.13% | 10.57% | 1.11x | 2.66x | NT$692.54 Million |
| 2016 | 1.31% | 3.07% | 0.15x | 2.88x | NT$-343.64 Million |
| 2017 | 5.54% | 4.46% | 0.65x | 1.91x | NT$-176.01 Million |
| 2018 | 21.02% | 16.36% | 0.71x | 1.80x | NT$531.26 Million |
| 2019 | 7.93% | 6.58% | 0.64x | 1.90x | NT$-105.82 Million |
| 2020 | 11.81% | 6.34% | 0.81x | 2.30x | NT$95.76 Million |
| 2021 | 3.42% | 1.74% | 0.73x | 2.68x | NT$-357.28 Million |
| 2022 | 13.56% | 9.24% | 0.68x | 2.14x | NT$237.33 Million |
| 2023 | 17.07% | 17.22% | 0.51x | 1.94x | NT$520.42 Million |
| 2024 | 3.42% | 3.61% | 0.53x | 1.78x | NT$-546.85 Million |
Industry Comparison
This section compares Swancor Holding Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $44,934,559,200
- Average return on equity (ROE) among peers: 11.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Swancor Holding Co Ltd (3708) | NT$12.28 Billion | 15.93% | 0.50x | $309.89 Million |
| Formosa Plastics Corp (1301) | $225.33 Billion | 12.22% | 0.47x | $5.82 Billion |
| Nan Ya Plastics Corp (1303) | $142.47 Billion | 14.77% | 1.15x | $13.36 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $220.86 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $9.82 Billion | 5.76% | 0.52x | $156.91 Million |
| Taita Chemical Co Ltd (1309) | $3.69 Billion | 0.65% | 0.67x | $113.99 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $42.00 Million |
| Everlight Chemical Industrial Corp (1711) | $6.07 Billion | 11.90% | 0.51x | $317.86 Million |