Heran Co Ltd
Heran Co., Ltd. manufactures and sells home appliances in Taiwan. It offers household, light commercial, commercial, and other air conditioners; liquid crystal products, such as LCD monitors, LCD peripherals, and commercial peripherals; refrigerators; and freezers. The company provides small household appliances, summer appliances, winter home appliances, home appliances, cleaning appliances, and… Read more
Heran Co Ltd (5283) - Net Assets
Latest net assets as of September 2025: NT$4.70 Billion TWD
Based on the latest financial reports, Heran Co Ltd (5283) has net assets worth NT$4.70 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$7.93 Billion) and total liabilities (NT$3.23 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$4.70 Billion |
| % of Total Assets | 59.29% |
| Annual Growth Rate | 10.19% |
| 5-Year Change | 13.46% |
| 10-Year Change | 176.0% |
| Growth Volatility | 12.13 |
Heran Co Ltd - Net Assets Trend (2010–2024)
This chart illustrates how Heran 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 Heran Co Ltd (2010–2024)
The table below shows the annual net assets of Heran Co Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.37 Billion | +4.15% |
| 2023-12-31 | NT$4.19 Billion | -0.33% |
| 2022-12-31 | NT$4.21 Billion | +4.00% |
| 2021-12-31 | NT$4.04 Billion | +5.10% |
| 2020-12-31 | NT$3.85 Billion | +1.70% |
| 2019-12-31 | NT$3.78 Billion | +22.58% |
| 2018-12-31 | NT$3.09 Billion | +12.47% |
| 2017-12-31 | NT$2.74 Billion | +28.05% |
| 2016-12-31 | NT$2.14 Billion | +35.49% |
| 2015-12-31 | NT$1.58 Billion | +23.49% |
| 2014-12-31 | NT$1.28 Billion | +19.23% |
| 2013-12-31 | NT$1.07 Billion | -0.25% |
| 2012-12-31 | NT$1.08 Billion | -2.40% |
| 2011-12-31 | NT$1.10 Billion | -1.60% |
| 2010-12-31 | NT$1.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heran 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 352.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.11 Billion | 48.28% |
| Other Components | NT$2.26 Billion | 51.72% |
| Total Equity | NT$4.37 Billion | 100.00% |
Heran Co Ltd Competitors by Market Cap
The table below lists competitors of Heran Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PetMed Express Inc
NASDAQ:PETS
|
$35.41 Million |
|
Heartbeam Inc
NASDAQ:BEAT
|
$35.43 Million |
|
FORTEC Elektronik AG
F:FEV
|
$35.44 Million |
|
Cho Kwang Leat
KO:004700
|
$35.45 Million |
|
PT Wintermar Offshore Marine Tbk
F:W6O
|
$35.40 Million |
|
Bcl Industries Limited
NSE:BCLIND
|
$35.38 Million |
|
Agile Content SA
MC:AGIL
|
$35.38 Million |
|
Inter Pharma Public Company Limited
BK:IP
|
$35.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heran Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,192,244,000 to 4,366,133,000, a change of 173,889,000 (4.1%).
- Net income of 467,497,000 contributed positively to equity growth.
- Dividend payments of 584,003,000 reduced retained earnings.
- Other comprehensive income decreased equity by 735,916,000.
- Other factors increased equity by 1,026,311,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$467.50 Million | +10.71% |
| Dividends Paid | NT$584.00 Million | -13.38% |
| Other Comprehensive Income | NT$-735.92 Million | -16.86% |
| Other Changes | NT$1.03 Billion | +23.51% |
| Total Change | NT$- | 4.15% |
Book Value vs Market Value Analysis
This analysis compares Heran 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: 0.95x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.28x to 0.95x 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$17.29 | NT$56.70 | x |
| 2011-12-31 | NT$16.37 | NT$56.70 | x |
| 2012-12-31 | NT$16.11 | NT$56.70 | x |
| 2013-12-31 | NT$16.08 | NT$56.70 | x |
| 2014-12-31 | NT$19.15 | NT$56.70 | x |
| 2015-12-31 | NT$23.61 | NT$56.70 | x |
| 2016-12-31 | NT$32.02 | NT$56.70 | x |
| 2017-12-31 | NT$40.96 | NT$56.70 | x |
| 2018-12-31 | NT$46.09 | NT$56.70 | x |
| 2019-12-31 | NT$52.30 | NT$56.70 | x |
| 2020-12-31 | NT$51.94 | NT$56.70 | x |
| 2021-12-31 | NT$55.22 | NT$56.70 | x |
| 2022-12-31 | NT$57.36 | NT$56.70 | x |
| 2023-12-31 | NT$57.22 | NT$56.70 | x |
| 2024-12-31 | NT$59.81 | NT$56.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heran 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): 10.71%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.29%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.53x
- Recent ROE (10.71%) is below the historical average (19.03%), 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 | 30.84% | 7.75% | 1.64x | 2.42x | NT$233.67 Million |
| 2011 | 5.52% | 1.32% | 2.13x | 1.95x | NT$-49.12 Million |
| 2012 | 6.38% | 1.97% | 1.65x | 1.96x | NT$-39.03 Million |
| 2013 | 5.50% | 1.54% | 1.91x | 1.87x | NT$-48.34 Million |
| 2014 | 22.91% | 7.02% | 1.83x | 1.78x | NT$165.33 Million |
| 2015 | 24.52% | 8.36% | 1.83x | 1.60x | NT$229.66 Million |
| 2016 | 28.89% | 11.10% | 1.75x | 1.49x | NT$404.90 Million |
| 2017 | 28.55% | 13.82% | 1.45x | 1.42x | NT$509.04 Million |
| 2018 | 26.24% | 15.21% | 1.10x | 1.58x | NT$501.28 Million |
| 2019 | 20.46% | 13.38% | 1.05x | 1.46x | NT$395.95 Million |
| 2020 | 24.43% | 15.58% | 1.08x | 1.45x | NT$555.22 Million |
| 2021 | 19.29% | 12.26% | 1.06x | 1.49x | NT$375.71 Million |
| 2022 | 17.72% | 10.89% | 1.15x | 1.41x | NT$324.63 Million |
| 2023 | 13.55% | 9.17% | 0.97x | 1.53x | NT$148.83 Million |
| 2024 | 10.71% | 7.29% | 0.96x | 1.53x | NT$30.88 Million |
Industry Comparison
This section compares Heran Co Ltd's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $2,158,911,100
- Average return on equity (ROE) among peers: 8.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heran Co Ltd (5283) | NT$4.70 Billion | 30.84% | 0.69x | $35.41 Million |
| Lung Hwa Electronics Co Ltd (2424) | $317.59 Million | -9.51% | 0.16x | $12.91 Million |
| Merry Electronics Co Ltd (2439) | $2.17 Billion | 16.03% | 0.57x | $570.30 Million |
| Taiwan Line Tek Electronic Co Ltd (2462) | $2.55 Billion | 0.44% | 0.92x | $64.46 Million |
| Meiloon Industrial Co Ltd (2477) | $4.80 Billion | 22.79% | 0.42x | $54.24 Million |
| Hanpin Electron Co Ltd (2488) | $1.90 Billion | 9.99% | 0.94x | $79.48 Million |
| Action Electronics Co Ltd (3024) | $3.55 Billion | 18.90% | 1.15x | $69.35 Million |
| Global View Co Ltd (3040) | $1.93 Billion | 36.06% | 0.07x | $52.08 Million |
| U-Tech Media Corp (3050) | $2.71 Billion | 2.67% | 0.85x | $41.27 Million |
| Phonic Corporation (3067) | $158.28 Million | -14.71% | 0.12x | $5.31K |
| Powertech Industrial Co Ltd (3296) | $1.49 Billion | 1.74% | 0.47x | $37.37 Million |