Shih Wei Navigation Co Ltd
Shih Wei Navigation Co., Ltd. operates as a dry cargo shipping company in Taiwan. It engages in the shipping transportation, shipping agency, ship leasing, trading activities and tourist hotel services. Shih Wei Navigation Co., Ltd. was founded in 1985 and is based in Taipei, Taiwan.
Shih Wei Navigation Co Ltd (5608) - Net Assets
Latest net assets as of September 2025: NT$9.16 Billion TWD
Based on the latest financial reports, Shih Wei Navigation Co Ltd (5608) has net assets worth NT$9.16 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$18.23 Billion) and total liabilities (NT$9.07 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$9.16 Billion |
| % of Total Assets | 50.26% |
| Annual Growth Rate | 7.08% |
| 5-Year Change | 194.4% |
| 10-Year Change | 5.83% |
| Growth Volatility | 27.67 |
Shih Wei Navigation Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Shih Wei Navigation 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 Shih Wei Navigation Co Ltd (2001–2024)
The table below shows the annual net assets of Shih Wei Navigation Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$10.28 Billion | +5.92% |
| 2023-12-31 | NT$9.70 Billion | -4.86% |
| 2022-12-31 | NT$10.20 Billion | +45.30% |
| 2021-12-31 | NT$7.02 Billion | +101.06% |
| 2020-12-31 | NT$3.49 Billion | -27.26% |
| 2019-12-31 | NT$4.80 Billion | -11.51% |
| 2018-12-31 | NT$5.42 Billion | -0.61% |
| 2017-12-31 | NT$5.46 Billion | -34.95% |
| 2016-12-31 | NT$8.39 Billion | -13.63% |
| 2015-12-31 | NT$9.71 Billion | +4.83% |
| 2014-12-31 | NT$9.26 Billion | +7.13% |
| 2013-12-31 | NT$8.65 Billion | +14.02% |
| 2012-12-31 | NT$7.59 Billion | -3.73% |
| 2011-12-31 | NT$7.88 Billion | +2.07% |
| 2010-12-31 | NT$7.72 Billion | -9.97% |
| 2009-12-31 | NT$8.57 Billion | -6.86% |
| 2008-12-31 | NT$9.21 Billion | +36.23% |
| 2007-12-31 | NT$6.76 Billion | +21.09% |
| 2006-12-31 | NT$5.58 Billion | +25.35% |
| 2005-12-31 | NT$4.45 Billion | +35.82% |
| 2004-12-31 | NT$3.28 Billion | +33.94% |
| 2003-12-31 | NT$2.45 Billion | +6.87% |
| 2002-12-31 | NT$2.29 Billion | +7.37% |
| 2001-12-31 | NT$2.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shih Wei Navigation 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 2399.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.59 Billion | 15.69% |
| Common Stock | NT$3.89 Billion | 38.50% |
| Other Comprehensive Income | NT$803.85 Million | 7.95% |
| Other Components | NT$3.83 Billion | 37.86% |
| Total Equity | NT$10.11 Billion | 100.00% |
Shih Wei Navigation Co Ltd Competitors by Market Cap
The table below lists competitors of Shih Wei Navigation Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SAMT Co. Ltd
KQ:031330
|
$164.92 Million |
|
ROPEOK Technology Group Co Ltd
SHG:688619
|
$164.96 Million |
|
Ace Hardware Indonesia Tbk
JK:ACES
|
$164.96 Million |
|
Hangzhou Guotai Environmental Protection Technology Co. Ltd. A
SHE:301203
|
$164.97 Million |
|
Pilani Investment and Industries Corporation Limited
NSE:PILANIINVS
|
$164.88 Million |
|
Henan Newland Pharmaceutical Co. Ltd. A
SHE:301277
|
$164.81 Million |
|
Liaoning Shidai Wanheng Co Ltd
SHG:600241
|
$164.81 Million |
|
Solrom Holdings Ltd
TA:SLRM
|
$164.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shih Wei Navigation Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,483,668,000 to 10,111,704,000, a change of 628,036,000 (6.6%).
- Net loss of 269,253,000 reduced equity.
- Other comprehensive income increased equity by 866,137,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-269.25 Million | -2.66% |
| Other Comprehensive Income | NT$866.14 Million | +8.57% |
| Other Changes | NT$31.15 Million | +0.31% |
| Total Change | NT$- | 6.62% |
Book Value vs Market Value Analysis
This analysis compares Shih Wei Navigation 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: 0.66x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$24.06 | NT$17.20 | x |
| 2007-12-31 | NT$25.34 | NT$17.20 | x |
| 2008-12-31 | NT$34.49 | NT$17.20 | x |
| 2009-12-31 | NT$32.18 | NT$17.20 | x |
| 2010-12-31 | NT$27.46 | NT$17.20 | x |
| 2011-12-31 | NT$27.83 | NT$17.20 | x |
| 2012-12-31 | NT$27.04 | NT$17.20 | x |
| 2013-12-31 | NT$28.83 | NT$17.20 | x |
| 2014-12-31 | NT$29.90 | NT$17.20 | x |
| 2015-12-31 | NT$30.58 | NT$17.20 | x |
| 2016-12-31 | NT$26.23 | NT$17.20 | x |
| 2017-12-31 | NT$17.31 | NT$17.20 | x |
| 2018-12-31 | NT$17.18 | NT$17.20 | x |
| 2019-12-31 | NT$15.41 | NT$17.20 | x |
| 2020-12-31 | NT$11.34 | NT$17.20 | x |
| 2021-12-31 | NT$22.87 | NT$17.20 | x |
| 2022-12-31 | NT$29.90 | NT$17.20 | x |
| 2023-12-31 | NT$25.14 | NT$17.20 | x |
| 2024-12-31 | NT$25.98 | NT$17.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shih Wei Navigation Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.71%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.06x
- Recent ROE (-2.66%) is below the historical average (7.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 2.90% | 3.37% | 0.27x | 3.15x | NT$-151.33 Million |
| 2002 | 4.33% | 4.98% | 0.29x | 2.95x | NT$-129.88 Million |
| 2003 | 9.43% | 10.57% | 0.30x | 2.98x | NT$-13.85 Million |
| 2004 | 27.12% | 34.50% | 0.33x | 2.39x | NT$561.31 Million |
| 2005 | 32.77% | 41.64% | 0.37x | 2.14x | NT$1.01 Billion |
| 2006 | 25.33% | 43.47% | 0.28x | 2.05x | NT$855.28 Million |
| 2007 | 26.99% | 53.69% | 0.24x | 2.10x | NT$1.15 Billion |
| 2008 | 43.57% | 87.14% | 0.25x | 1.99x | NT$3.09 Billion |
| 2009 | 14.53% | 32.05% | 0.20x | 2.32x | NT$388.61 Million |
| 2010 | 14.70% | 27.05% | 0.20x | 2.72x | NT$363.07 Million |
| 2011 | 11.53% | 22.37% | 0.17x | 3.10x | NT$120.60 Million |
| 2012 | 8.66% | 16.24% | 0.14x | 3.82x | NT$-101.44 Million |
| 2013 | 4.17% | 7.59% | 0.16x | 3.46x | NT$-494.41 Million |
| 2014 | 2.52% | 5.03% | 0.14x | 3.54x | NT$-668.15 Million |
| 2015 | -0.55% | -1.13% | 0.13x | 3.79x | NT$-962.26 Million |
| 2016 | -13.97% | -31.02% | 0.11x | 4.17x | NT$-1.88 Billion |
| 2017 | -40.45% | -58.12% | 0.13x | 5.52x | NT$-2.54 Billion |
| 2018 | -2.95% | -3.75% | 0.15x | 5.11x | NT$-663.25 Million |
| 2019 | -10.30% | -12.44% | 0.16x | 5.30x | NT$-932.54 Million |
| 2020 | -29.80% | -37.71% | 0.12x | 6.40x | NT$-1.35 Billion |
| 2021 | 29.23% | 36.19% | 0.23x | 3.55x | NT$1.32 Billion |
| 2022 | 20.03% | 30.21% | 0.27x | 2.48x | NT$1.02 Billion |
| 2023 | -5.02% | -13.75% | 0.16x | 2.23x | NT$-1.42 Billion |
| 2024 | -2.66% | -7.71% | 0.17x | 2.06x | NT$-1.28 Billion |
Industry Comparison
This section compares Shih Wei Navigation Co Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $18,895,371,994
- Average return on equity (ROE) among peers: 8.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shih Wei Navigation Co Ltd (5608) | NT$9.16 Billion | 2.90% | 0.99x | $164.89 Million |
| Evergreen Marine Corp Taiwan Ltd (2603) | $70.22 Billion | 21.60% | 0.85x | $11.43 Billion |
| Sincere Navigation Corp (2605) | $14.65 Billion | 14.36% | 0.77x | $451.14 Million |
| U-Ming Marine Transport Corp (2606) | $23.18 Billion | 3.79% | 1.62x | $907.57 Million |
| Yang Ming Marine Transport Corp (2609) | $36.70 Billion | 0.14% | 2.79x | $4.18 Billion |
| Tze Shin International Co Ltd (2611) | $2.79 Billion | 0.36% | 0.57x | $49.39 Million |
| China Container Terminal Corp (2613) | $906.02 Million | 3.67% | 3.42x | $55.33 Million |
| Wan Hai Lines Ltd (2615) | $34.18 Billion | 7.44% | 1.24x | $3.69 Billion |
| Taiwan Navigation Co Ltd (2617) | $3.75 Billion | 4.56% | 0.51x | $217.02 Million |
| Wisdom Marine Lines Co Ltd (2637) | $1.26 Billion | 23.34% | 1.37x | $830.08 Million |
| Franbo Lines (2641) | $1.32 Billion | 4.00% | 1.46x | $142.71 Million |