Tong-Tai Machine Tool Co Ltd
Tongtai Machine & Tool Co., Ltd. manufactures and sells machine tools, computer components, computer numerical control lathes, and cutting centers in Taiwan, China, rest of Asia, Europe, and internationally. It operates through Equipment Manufacturing, Parts and Components, and Other segments. The company offers vertical, horizontal, 5-axis, 5-axis horizontal, and ultra sonic assisted machining c… Read more
Tong-Tai Machine Tool Co Ltd (4526) - Net Assets
Latest net assets as of September 2025: NT$4.96 Billion TWD
Based on the latest financial reports, Tong-Tai Machine Tool Co Ltd (4526) has net assets worth NT$4.96 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$12.97 Billion) and total liabilities (NT$8.01 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$4.96 Billion |
| % of Total Assets | 38.22% |
| Annual Growth Rate | 6.28% |
| 5-Year Change | -18.98% |
| 10-Year Change | -31.01% |
| Growth Volatility | 15.83 |
Tong-Tai Machine Tool Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Tong-Tai Machine Tool 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 Tong-Tai Machine Tool Co Ltd (2002–2024)
The table below shows the annual net assets of Tong-Tai Machine Tool Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.42 Billion | -13.24% |
| 2023-12-31 | NT$5.10 Billion | -10.14% |
| 2022-12-31 | NT$5.67 Billion | +0.85% |
| 2021-12-31 | NT$5.63 Billion | +3.03% |
| 2020-12-31 | NT$5.46 Billion | -8.87% |
| 2019-12-31 | NT$5.99 Billion | -2.11% |
| 2018-12-31 | NT$6.12 Billion | +6.50% |
| 2017-12-31 | NT$5.75 Billion | -6.41% |
| 2016-12-31 | NT$6.14 Billion | -4.23% |
| 2015-12-31 | NT$6.41 Billion | +0.83% |
| 2014-12-31 | NT$6.36 Billion | +18.02% |
| 2013-12-31 | NT$5.39 Billion | +3.62% |
| 2012-12-31 | NT$5.20 Billion | -0.05% |
| 2011-12-31 | NT$5.20 Billion | +6.96% |
| 2010-12-31 | NT$4.86 Billion | +10.57% |
| 2009-12-31 | NT$4.40 Billion | +1.54% |
| 2008-12-31 | NT$4.33 Billion | +3.05% |
| 2007-12-31 | NT$4.20 Billion | +12.21% |
| 2006-12-31 | NT$3.75 Billion | +51.17% |
| 2005-12-31 | NT$2.48 Billion | +23.22% |
| 2004-12-31 | NT$2.01 Billion | +44.76% |
| 2003-12-31 | NT$1.39 Billion | +20.08% |
| 2002-12-31 | NT$1.16 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tong-Tai Machine Tool 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 decreased by 293.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$2.55 Billion | 57.62% |
| Other Components | NT$2.31 Billion | 52.26% |
| Total Equity | NT$4.42 Billion | 100.00% |
Tong-Tai Machine Tool Co Ltd Competitors by Market Cap
The table below lists competitors of Tong-Tai Machine Tool Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ellomay Capital Ltd
NYSE MKT:ELLO
|
$179.12 Million |
|
Alok Industries Limited
NSE:ALOKINDS
|
$179.15 Million |
|
Higen RNM
KQ:160190
|
$179.16 Million |
|
Qingdao Liqun Department Store Group Co Ltd
SHG:601366
|
$179.21 Million |
|
Guangzhou Haoyang Electronic Co Ltd
SHE:300833
|
$179.11 Million |
|
Sword Group S.E
F:9RS
|
$178.99 Million |
|
Nantong Guosheng Intelligence Technology Group Co Ltd
SHG:688558
|
$178.88 Million |
|
BrasilAgro - Companhia Brasileira de Propriedades AgrÃcolas
SA:AGRO3
|
$178.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tong-Tai Machine Tool Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,094,664,000 to 4,422,397,000, a change of -672,267,000 (-13.2%).
- Net loss of 906,836,000 reduced equity.
- Dividend payments of 50,965,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,045,605,000.
- Other factors increased equity by 1,331,139,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-906.84 Million | -20.51% |
| Dividends Paid | NT$50.97 Million | -1.15% |
| Other Comprehensive Income | NT$-1.05 Billion | -23.64% |
| Other Changes | NT$1.33 Billion | +30.1% |
| Total Change | NT$- | -13.20% |
Book Value vs Market Value Analysis
This analysis compares Tong-Tai Machine Tool 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: 1.94x
- 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 3.94x to 1.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$8.55 | NT$33.70 | x |
| 2005-12-31 | NT$10.15 | NT$33.70 | x |
| 2006-12-31 | NT$15.51 | NT$33.70 | x |
| 2007-12-31 | NT$17.34 | NT$33.70 | x |
| 2008-12-31 | NT$17.62 | NT$33.70 | x |
| 2009-12-31 | NT$17.72 | NT$33.70 | x |
| 2010-12-31 | NT$18.91 | NT$33.70 | x |
| 2011-12-31 | NT$20.16 | NT$33.70 | x |
| 2012-12-31 | NT$19.85 | NT$33.70 | x |
| 2013-12-31 | NT$20.44 | NT$33.70 | x |
| 2014-12-31 | NT$24.21 | NT$33.70 | x |
| 2015-12-31 | NT$22.22 | NT$33.70 | x |
| 2016-12-31 | NT$21.36 | NT$33.70 | x |
| 2017-12-31 | NT$19.90 | NT$33.70 | x |
| 2018-12-31 | NT$21.00 | NT$33.70 | x |
| 2019-12-31 | NT$20.70 | NT$33.70 | x |
| 2020-12-31 | NT$19.16 | NT$33.70 | x |
| 2021-12-31 | NT$19.68 | NT$33.70 | x |
| 2022-12-31 | NT$19.83 | NT$33.70 | x |
| 2023-12-31 | NT$19.98 | NT$33.70 | x |
| 2024-12-31 | NT$17.35 | NT$33.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tong-Tai Machine Tool 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): -20.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.80%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.78x
- Recent ROE (-20.51%) is below the historical average (7.34%), 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 | 13.39% | 8.55% | 0.83x | 1.89x | NT$39.19 Million |
| 2003 | 23.03% | 11.29% | 0.99x | 2.06x | NT$181.08 Million |
| 2004 | 24.13% | 11.17% | 1.04x | 2.08x | NT$284.19 Million |
| 2005 | 23.19% | 11.72% | 0.93x | 2.14x | NT$315.22 Million |
| 2006 | 22.69% | 13.89% | 0.86x | 1.89x | NT$463.22 Million |
| 2007 | 14.58% | 8.30% | 0.81x | 2.16x | NT$186.95 Million |
| 2008 | 12.13% | 6.69% | 0.81x | 2.23x | NT$88.17 Million |
| 2009 | 2.63% | 2.73% | 0.48x | 1.99x | NT$-307.58 Million |
| 2010 | 13.52% | 7.05% | 0.74x | 2.60x | NT$157.58 Million |
| 2011 | 12.02% | 6.61% | 0.74x | 2.46x | NT$96.91 Million |
| 2012 | 4.90% | 3.19% | 0.65x | 2.36x | NT$-239.97 Million |
| 2013 | 5.89% | 3.74% | 0.64x | 2.48x | NT$-198.29 Million |
| 2014 | 10.07% | 6.38% | 0.66x | 2.40x | NT$3.81 Million |
| 2015 | 4.75% | 2.95% | 0.64x | 2.51x | NT$-299.69 Million |
| 2016 | 1.06% | 0.59% | 0.65x | 2.76x | NT$-487.26 Million |
| 2017 | -4.68% | -2.43% | 0.55x | 3.51x | NT$-744.43 Million |
| 2018 | 5.81% | 2.69% | 0.64x | 3.36x | NT$-225.49 Million |
| 2019 | 1.12% | 0.54% | 0.65x | 3.20x | NT$-469.51 Million |
| 2020 | -7.10% | -4.46% | 0.49x | 3.28x | NT$-835.07 Million |
| 2021 | 3.43% | 1.79% | 0.60x | 3.18x | NT$-330.42 Million |
| 2022 | 1.79% | 1.10% | 0.55x | 2.94x | NT$-416.13 Million |
| 2023 | 0.98% | 0.66% | 0.60x | 2.48x | NT$-459.34 Million |
| 2024 | -20.51% | -15.80% | 0.47x | 2.78x | NT$-1.35 Billion |
Industry Comparison
This section compares Tong-Tai Machine Tool Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $13,532,689,500
- Average return on equity (ROE) among peers: 12.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tong-Tai Machine Tool Co Ltd (4526) | NT$4.96 Billion | 13.39% | 1.62x | $179.11 Million |
| TECO Electric & Machinery Co Ltd (1504) | $61.70 Billion | 5.22% | 0.61x | $3.79 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $19.24 Billion | 18.82% | 1.56x | $1.96 Billion |
| Anderson Industrial Corp (1528) | $2.30 Billion | -6.77% | 1.31x | $87.63 Million |
| Awea Mechantronic Co Ltd (1530) | $3.16 Billion | 4.15% | 0.97x | $20.63 Million |
| Kaulin Mfg (1531) | $4.60 Billion | 7.11% | 0.29x | $39.04 Million |
| Chiu Ting Machinery Co Ltd (1539) | $990.48 Million | 22.54% | 1.99x | $14.13 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.20 Billion | 23.81% | 0.57x | $45.90 Million |
| Sinmag Equipment (1580) | $2.98 Billion | 20.23% | 0.34x | $131.61 Million |
| Goodway Machine Corp (1583) | $4.00 Billion | 10.09% | 1.15x | $28.04 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $3.89 Billion |