Taiwan Steel Union Co Ltd (6581) - Net Assets
Based on the latest financial reports, Taiwan Steel Union Co Ltd (6581) has net assets worth NT$4.29 Billion TWD (≈ $135.29 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.11 Billion ≈ $161.08 Million USD) and total liabilities (NT$818.73 Million ≈ $25.79 Million USD). 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. Check Taiwan Steel Union Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.29 Billion |
| % of Total Assets | 83.99% |
| Annual Growth Rate | 10.55% |
| 5-Year Change | 25.54% |
| 10-Year Change | 196.63% |
| Growth Volatility | 20.12 |
Taiwan Steel Union Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Taiwan Steel Union Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Taiwan Steel Union Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Taiwan Steel Union Co Ltd (2013–2024)
The table below shows the annual net assets of Taiwan Steel Union Co Ltd from 2013 to 2024. For live valuation and market cap data, see market cap of Taiwan Steel Union Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.47 Billion ≈ $140.71 Million |
+8.61% |
| 2023-12-31 | NT$4.11 Billion ≈ $129.56 Million |
-5.03% |
| 2022-12-31 | NT$4.33 Billion ≈ $136.42 Million |
+14.27% |
| 2021-12-31 | NT$3.79 Billion ≈ $119.38 Million |
+6.52% |
| 2020-12-31 | NT$3.56 Billion ≈ $112.08 Million |
+3.46% |
| 2019-12-31 | NT$3.44 Billion ≈ $108.33 Million |
-4.30% |
| 2018-12-31 | NT$3.59 Billion ≈ $113.19 Million |
+56.57% |
| 2017-12-31 | NT$2.29 Billion ≈ $72.30 Million |
+22.88% |
| 2016-12-31 | NT$1.87 Billion ≈ $58.84 Million |
+24.04% |
| 2015-12-31 | NT$1.51 Billion ≈ $47.43 Million |
-22.32% |
| 2014-12-31 | NT$1.94 Billion ≈ $61.07 Million |
+30.78% |
| 2013-12-31 | NT$1.48 Billion ≈ $46.69 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Taiwan Steel Union 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 2024.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.72 Billion | 38.62% |
| Common Stock | NT$1.11 Billion | 24.91% |
| Other Comprehensive Income | NT$630.68 Million | 14.12% |
| Other Components | NT$997.85 Million | 22.34% |
| Total Equity | NT$4.47 Billion | 100.00% |
Taiwan Steel Union Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Steel Union Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Yangfan New Materials Co Ltd
SHE:300637
|
$385.77 Million |
|
EVN Finance JSC
VN:EVF
|
$385.77 Million |
|
Orchid Pharma Limited
NSE:ORCHPHARMA
|
$385.85 Million |
|
XMax Inc.
NASDAQ:XWIN
|
$385.96 Million |
|
Shenzhen Sine Electric Co. Ltd. A
SHG:688395
|
$385.61 Million |
|
Magna Mining Inc
V:NICU
|
$385.40 Million |
|
Airnet Technology Inc
NASDAQ:ANTE
|
$385.29 Million |
|
Guangzhou Jointas Chemical Joint Stock Co Ltd
SHE:002909
|
$385.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Steel Union Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,112,167,000 to 4,466,073,000, a change of 353,906,000 (8.6%).
- Net income of 831,085,000 contributed positively to equity growth.
- Dividend payments of 478,465,000 reduced retained earnings.
- Other comprehensive income increased equity by 50,521,000.
- Other factors decreased equity by 49,235,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$831.09 Million | +18.61% |
| Dividends Paid | NT$478.46 Million | -10.71% |
| Other Comprehensive Income | NT$50.52 Million | +1.13% |
| Other Changes | NT$-49.23 Million | -1.1% |
| Total Change | NT$- | 8.61% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Steel Union 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: 2.75x
- 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 10.64x to 2.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | NT$10.34 | NT$110.00 | x |
| 2014-12-31 | NT$13.55 | NT$110.00 | x |
| 2015-12-31 | NT$10.68 | NT$110.00 | x |
| 2016-12-31 | NT$18.61 | NT$110.00 | x |
| 2017-12-31 | NT$22.90 | NT$110.00 | x |
| 2018-12-31 | NT$32.41 | NT$110.00 | x |
| 2019-12-31 | NT$30.83 | NT$110.00 | x |
| 2020-12-31 | NT$31.88 | NT$110.00 | x |
| 2021-12-31 | NT$33.95 | NT$110.00 | x |
| 2022-12-31 | NT$38.77 | NT$110.00 | x |
| 2023-12-31 | NT$36.86 | NT$110.00 | x |
| 2024-12-31 | NT$40.01 | NT$110.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Steel Union Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.61%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.94%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.22x
- Recent ROE (18.61%) is below the historical average (18.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 5.42% | 6.51% | 0.56x | 1.49x | NT$-67.92 Million |
| 2014 | 23.47% | 27.51% | 0.63x | 1.36x | NT$261.15 Million |
| 2015 | 21.30% | 22.87% | 0.69x | 1.35x | NT$170.09 Million |
| 2016 | 27.48% | 33.67% | 0.66x | 1.23x | NT$326.38 Million |
| 2017 | 33.29% | 40.07% | 0.60x | 1.39x | NT$534.45 Million |
| 2018 | 21.86% | 36.58% | 0.47x | 1.28x | NT$426.20 Million |
| 2019 | 11.60% | 24.16% | 0.36x | 1.32x | NT$54.99 Million |
| 2020 | 11.46% | 25.12% | 0.32x | 1.42x | NT$51.80 Million |
| 2021 | 14.91% | 30.47% | 0.42x | 1.16x | NT$185.95 Million |
| 2022 | 22.73% | 37.31% | 0.53x | 1.14x | NT$551.16 Million |
| 2023 | 12.27% | 24.72% | 0.45x | 1.11x | NT$93.41 Million |
| 2024 | 18.61% | 34.94% | 0.44x | 1.22x | NT$384.48 Million |
Industry Comparison
This section compares Taiwan Steel Union Co Ltd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $3,746,089,167
- Average return on equity (ROE) among peers: 9.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Steel Union Co Ltd (6581) | NT$4.29 Billion | 5.42% | 0.19x | $385.62 Million |
| ECOVE Environment Corp (6803) | $1.51 Billion | 22.43% | 1.51x | $662.65 Million |
| Sunny Friend Environmental Technology Co Ltd (8341) | $1.19 Billion | 7.51% | 1.16x | $310.46 Million |
| Jiin Yeeh Ding Enterprise Co Ltd (8390) | $1.81 Billion | 0.62% | 0.54x | $284.95 Million |
| Cleanaway Co Ltd (8422) | $9.52 Billion | 15.33% | 1.34x | $999.25 Million |
| E&E Recycling (8440) | $616.58 Million | 8.12% | 0.26x | $31.98 Million |
| Forest Water Environmental Eng Co Ltd (8473) | $7.83 Billion | 2.13% | 1.00x | $197.14 Million |
About Taiwan Steel Union Co Ltd
Taiwan Steel Union Co., Ltd. manufactures and trades in zinc oxide and non-metallic mineral products in Taiwan. The company provides crude zinc oxide; recycled aggregates, such as rotary kiln slag, reductive slag, and oxidizing slag; non-structural concrete; and controlled-low-strength-materials (CLSM). It is also involved in the disposal and reuse of general industrial waste and hazardous indust… Read more