Daxin Materials Corp
Daxin Materials Corporation engages in the research, development, production, and sale of display and key raw materials, and semiconductor specialty chemicals in Taiwan, China, Japan, and internationally. The company offers semiconductor materials comprising laser release layers and photosensitive dielectrics; display materials, such as LCD, touch panel; and key raw materials, including anhydride… Read more
Daxin Materials Corp (5234) - Net Assets
Latest net assets as of September 2025: NT$3.32 Billion TWD
Based on the latest financial reports, Daxin Materials Corp (5234) has net assets worth NT$3.32 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$4.84 Billion) and total liabilities (NT$1.52 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$3.32 Billion |
| % of Total Assets | 68.61% |
| Annual Growth Rate | 8.16% |
| 5-Year Change | 13.23% |
| 10-Year Change | 67.76% |
| Growth Volatility | 8.66 |
Daxin Materials Corp - Net Assets Trend (2010–2024)
This chart illustrates how Daxin Materials 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 Daxin Materials Corp (2010–2024)
The table below shows the annual net assets of Daxin Materials Corp from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.28 Billion | +4.77% |
| 2023-12-31 | NT$3.13 Billion | +6.30% |
| 2022-12-31 | NT$2.95 Billion | -3.86% |
| 2021-12-31 | NT$3.07 Billion | +5.75% |
| 2020-12-31 | NT$2.90 Billion | +4.23% |
| 2019-12-31 | NT$2.78 Billion | +5.17% |
| 2018-12-31 | NT$2.65 Billion | +14.19% |
| 2017-12-31 | NT$2.32 Billion | +9.08% |
| 2016-12-31 | NT$2.12 Billion | +8.51% |
| 2015-12-31 | NT$1.96 Billion | +3.25% |
| 2014-12-31 | NT$1.90 Billion | +1.98% |
| 2013-12-31 | NT$1.86 Billion | +7.87% |
| 2012-12-31 | NT$1.72 Billion | +34.22% |
| 2011-12-31 | NT$1.28 Billion | +17.20% |
| 2010-12-31 | NT$1.10 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Daxin Materials 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 323.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.58 Billion | 48.01% |
| Other Components | NT$1.71 Billion | 51.99% |
| Total Equity | NT$3.28 Billion | 100.00% |
Daxin Materials Corp Competitors by Market Cap
The table below lists competitors of Daxin Materials Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing China Sciences Runyu Environmental Technology Co. Ltd.
SHE:301175
|
$569.56 Million |
|
SJVN Limited
NSE:SJVN
|
$569.60 Million |
|
CIMC Enric Holdings Limited
PINK:CIMEF
|
$569.65 Million |
|
Farmers & Merchants Bancorp
OTCQX:FMCB
|
$569.85 Million |
|
Timah Persero Tbk
JK:TINS
|
$568.80 Million |
|
KCE Electronics Public Company Limited
BK:KCE-R
|
$568.59 Million |
|
INTRAKT S.A. E0 030
F:Z8M
|
$568.58 Million |
|
eXp World Holdings Inc
NASDAQ:EXPI
|
$568.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daxin Materials Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,134,640,000 to 3,284,141,000, a change of 149,501,000 (4.8%).
- Net income of 570,612,000 contributed positively to equity growth.
- Dividend payments of 421,135,000 reduced retained earnings.
- Other comprehensive income decreased equity by 599,548,000.
- Other factors increased equity by 599,572,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$570.61 Million | +17.37% |
| Dividends Paid | NT$421.13 Million | -12.82% |
| Other Comprehensive Income | NT$-599.55 Million | -18.26% |
| Other Changes | NT$599.57 Million | +18.26% |
| Total Change | NT$- | 4.77% |
Book Value vs Market Value Analysis
This analysis compares Daxin Materials 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: 12.56x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 29.63x to 12.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$13.55 | NT$401.50 | x |
| 2011-12-31 | NT$13.55 | NT$401.50 | x |
| 2012-12-31 | NT$17.24 | NT$401.50 | x |
| 2013-12-31 | NT$18.67 | NT$401.50 | x |
| 2014-12-31 | NT$18.06 | NT$401.50 | x |
| 2015-12-31 | NT$18.57 | NT$401.50 | x |
| 2016-12-31 | NT$20.19 | NT$401.50 | x |
| 2017-12-31 | NT$24.54 | NT$401.50 | x |
| 2018-12-31 | NT$25.54 | NT$401.50 | x |
| 2019-12-31 | NT$26.87 | NT$401.50 | x |
| 2020-12-31 | NT$28.01 | NT$401.50 | x |
| 2021-12-31 | NT$29.71 | NT$401.50 | x |
| 2022-12-31 | NT$28.52 | NT$401.50 | x |
| 2023-12-31 | NT$30.35 | NT$401.50 | x |
| 2024-12-31 | NT$31.97 | NT$401.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daxin Materials 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): 17.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.86%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.51x
- Recent ROE (17.37%) is below the historical average (19.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 26.60% | 11.05% | 1.21x | 2.00x | NT$181.90 Million |
| 2011 | 16.91% | 7.48% | 1.23x | 1.83x | NT$88.68 Million |
| 2012 | 19.81% | 10.49% | 1.12x | 1.68x | NT$169.05 Million |
| 2013 | 22.10% | 11.38% | 1.20x | 1.61x | NT$224.92 Million |
| 2014 | 16.03% | 9.12% | 1.03x | 1.71x | NT$114.24 Million |
| 2015 | 13.64% | 7.90% | 1.05x | 1.65x | NT$71.19 Million |
| 2016 | 16.63% | 9.76% | 1.14x | 1.50x | NT$140.75 Million |
| 2017 | 20.41% | 12.07% | 1.13x | 1.50x | NT$241.27 Million |
| 2018 | 24.78% | 14.86% | 1.13x | 1.47x | NT$390.95 Million |
| 2019 | 23.37% | 14.36% | 1.11x | 1.47x | NT$372.15 Million |
| 2020 | 21.77% | 14.69% | 0.99x | 1.50x | NT$341.26 Million |
| 2021 | 22.18% | 15.08% | 0.97x | 1.52x | NT$373.69 Million |
| 2022 | 14.45% | 10.96% | 0.86x | 1.53x | NT$131.23 Million |
| 2023 | 16.70% | 12.27% | 0.92x | 1.48x | NT$209.89 Million |
| 2024 | 17.37% | 13.86% | 0.83x | 1.51x | NT$242.20 Million |
Industry Comparison
This section compares Daxin Materials Corp'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 |
|---|---|---|---|---|
| Daxin Materials Corp (5234) | NT$3.32 Billion | 26.60% | 0.46x | $569.38 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 |