Taiwan Enterprise(Cayman)Co
Tainan Enterprise (Cayman) Co., Limited designs, develops, produces, and sells clothing products in China. The company operates as sales representative of FILA and Reebok brand apparel and accessories. It also acts as an agent for CAMEL ACTIVE, NEW MAN, and U BY UNGARO brands. Tainan the company was founded in 1999 and is headquartered in Grand Cayman, the Cayman Islands.
Taiwan Enterprise(Cayman)Co (5906) - Net Assets
Latest net assets as of September 2025: NT$675.10 Million TWD
Based on the latest financial reports, Taiwan Enterprise(Cayman)Co (5906) has net assets worth NT$675.10 Million 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$1.87 Billion) and total liabilities (NT$1.19 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$675.10 Million |
| % of Total Assets | 36.13% |
| Annual Growth Rate | -3.86% |
| 5-Year Change | 93.6% |
| 10-Year Change | 166.73% |
| Growth Volatility | 44.01 |
Taiwan Enterprise(Cayman)Co - Net Assets Trend (2009–2024)
This chart illustrates how Taiwan Enterprise(Cayman)Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Taiwan Enterprise(Cayman)Co (2009–2024)
The table below shows the annual net assets of Taiwan Enterprise(Cayman)Co from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$802.33 Million | +9.51% |
| 2023-12-31 | NT$732.68 Million | +15.58% |
| 2022-12-31 | NT$633.89 Million | +20.00% |
| 2021-12-31 | NT$528.27 Million | +27.47% |
| 2020-12-31 | NT$414.43 Million | +14.97% |
| 2019-12-31 | NT$360.46 Million | +2.35% |
| 2018-12-31 | NT$352.18 Million | +1.63% |
| 2017-12-31 | NT$346.53 Million | +136.48% |
| 2016-12-31 | NT$146.53 Million | -51.28% |
| 2015-12-31 | NT$300.80 Million | -60.93% |
| 2014-12-31 | NT$769.93 Million | -40.80% |
| 2013-12-31 | NT$1.30 Billion | -14.72% |
| 2012-12-31 | NT$1.53 Billion | -18.68% |
| 2011-12-31 | NT$1.88 Billion | +19.72% |
| 2010-12-31 | NT$1.57 Billion | +8.24% |
| 2009-12-31 | NT$1.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Enterprise(Cayman)Co'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 76.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$172.24 Million | 23.93% |
| Common Stock | NT$350.41 Million | 48.69% |
| Other Comprehensive Income | NT$196.97 Million | 27.37% |
| Other Components | NT$1.00 | 0.00% |
| Total Equity | NT$719.62 Million | 100.00% |
Taiwan Enterprise(Cayman)Co Competitors by Market Cap
The table below lists competitors of Taiwan Enterprise(Cayman)Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Selangor Dredging Bhd
KLSE:2224
|
$9.77 Million |
|
Investeringsselskabet Luxor A/S
CO:LUXOR-B
|
$9.78 Million |
|
RE Royalties Ltd
OTCQX:RROYF
|
$9.78 Million |
|
477380
KQ:477380
|
$9.78 Million |
|
ABERA BIOSCIENCE AB
F:8WK
|
$9.77 Million |
|
Nvni Group Limited Ordinary Shares
NASDAQ:NVNI
|
$9.77 Million |
|
Interwood-Xylemporia A.T.E.N.E.
AT:XYLEK
|
$9.77 Million |
|
Catskill Hudson Bancorp Inc
PINK:CSKL
|
$9.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Enterprise(Cayman)Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 646,680,000 to 719,617,000, a change of 72,937,000 (11.3%).
- Net income of 58,689,000 contributed positively to equity growth.
- Dividend payments of 50,058,000 reduced retained earnings.
- Other comprehensive income increased equity by 73,082,999.
- Other factors decreased equity by 8,776,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$58.69 Million | +8.16% |
| Dividends Paid | NT$50.06 Million | -6.96% |
| Other Comprehensive Income | NT$73.08 Million | +10.16% |
| Other Changes | NT$-8.78 Million | -1.22% |
| Total Change | NT$- | 11.28% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Enterprise(Cayman)Co'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: 2.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.32x to 2.39x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$149.64 | NT$48.00 | x |
| 2010-12-31 | NT$164.91 | NT$48.00 | x |
| 2011-12-31 | NT$180.83 | NT$48.00 | x |
| 2012-12-31 | NT$134.24 | NT$48.00 | x |
| 2013-12-31 | NT$80.40 | NT$48.00 | x |
| 2014-12-31 | NT$46.66 | NT$48.00 | x |
| 2015-12-31 | NT$18.20 | NT$48.00 | x |
| 2016-12-31 | NT$8.87 | NT$48.00 | x |
| 2017-12-31 | NT$14.61 | NT$48.00 | x |
| 2018-12-31 | NT$10.51 | NT$48.00 | x |
| 2019-12-31 | NT$9.44 | NT$48.00 | x |
| 2020-12-31 | NT$10.68 | NT$48.00 | x |
| 2021-12-31 | NT$13.73 | NT$48.00 | x |
| 2022-12-31 | NT$16.07 | NT$48.00 | x |
| 2023-12-31 | NT$18.05 | NT$48.00 | x |
| 2024-12-31 | NT$20.08 | NT$48.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Enterprise(Cayman)Co 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): 8.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.24%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 2.75x
- Recent ROE (8.16%) is above the historical average (-17.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 11.38% | 7.08% | 0.93x | 1.72x | NT$18.99 Million |
| 2010 | 8.47% | 5.88% | 0.89x | 1.62x | NT$-24.03 Million |
| 2011 | 2.82% | 1.83% | 0.94x | 1.63x | NT$-134.71 Million |
| 2012 | -18.12% | -12.18% | 0.83x | 1.79x | NT$-428.92 Million |
| 2013 | -50.76% | -31.56% | 0.85x | 1.90x | NT$-790.15 Million |
| 2014 | -72.26% | -35.26% | 0.93x | 2.21x | NT$-633.33 Million |
| 2015 | -154.72% | -42.25% | 1.65x | 2.22x | NT$-495.49 Million |
| 2016 | -93.20% | -16.30% | 1.55x | 3.69x | NT$-151.23 Million |
| 2017 | 0.72% | 0.16% | 1.47x | 3.12x | NT$-31.76 Million |
| 2018 | 2.60% | 0.53% | 1.50x | 3.25x | NT$-25.74 Million |
| 2019 | -7.62% | -1.28% | 1.47x | 4.06x | NT$-56.60 Million |
| 2020 | 19.35% | 3.96% | 1.50x | 3.26x | NT$34.10 Million |
| 2021 | 22.30% | 6.87% | 1.31x | 2.49x | NT$57.77 Million |
| 2022 | 17.74% | 5.03% | 1.25x | 2.82x | NT$42.59 Million |
| 2023 | 16.57% | 5.02% | 1.15x | 2.86x | NT$42.48 Million |
| 2024 | 8.16% | 3.24% | 0.91x | 2.75x | NT$-13.27 Million |
Industry Comparison
This section compares Taiwan Enterprise(Cayman)Co's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $4,018,664,900
- Average return on equity (ROE) among peers: 8.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Enterprise(Cayman)Co (5906) | NT$675.10 Million | 11.38% | 1.77x | $9.77 Million |
| Tah Hsin Industrial Corp (1315) | $3.84 Billion | 6.99% | 0.54x | $112.20 Million |
| Tex-Ray Industrial Co Ltd (1467) | $1.78 Billion | 0.00% | 1.86x | $23.42 Million |
| Tainan Enterprises Co Ltd (1473) | $4.19 Billion | 5.35% | 0.64x | $52.82 Million |
| Eclat Textile Co Ltd (1476) | $8.12 Billion | 33.73% | 0.55x | $1.58 Billion |
| Makalot Industrial Co Ltd (1477) | $15.45 Billion | 22.76% | 0.58x | $1.92 Billion |
| Munsin Garment (2916) | $915.83 Million | 9.10% | 0.38x | $43.53 Million |
| Cayman Tung Ling Co Ltd (2924) | $644.14 Million | -15.03% | 0.69x | $8.00 Million |
| TOPBI International Holdings Ltd (2929) | $3.53 Billion | 23.72% | 0.58x | $18.49 Million |
| Est Global Apparel Co.Ltd (4413) | $294.23 Million | 2.11% | 0.41x | $11.04 Million |
| Roo Hsing Co Ltd (4414) | $1.44 Billion | 0.00% | 1.49x | $65.02 Million |