Shin Foong Specialty and Applied Materials Co
Shin Foong Specialty and Applied Materials Co., Ltd. manufactures and sells synthetic latex products in Taiwan. The company offers synthetic SBR and NBR rubber latex products; acrylic products; and bio-latex, a water-based non-toxic apply to color layer of thermal paper. Its products are used in various applications, such as medical and healthcare, adhesives, building and construction, energy, an… Read more
Shin Foong Specialty and Applied Materials Co (6582) - Net Assets
Latest net assets as of September 2025: NT$6.17 Billion TWD
Based on the latest financial reports, Shin Foong Specialty and Applied Materials Co (6582) has net assets worth NT$6.17 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$6.38 Billion) and total liabilities (NT$214.64 Million). 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$6.17 Billion |
| % of Total Assets | 96.64% |
| Annual Growth Rate | 12.36% |
| 5-Year Change | 27.23% |
| 10-Year Change | 185.74% |
| Growth Volatility | 18.81 |
Shin Foong Specialty and Applied Materials Co - Net Assets Trend (2013–2024)
This chart illustrates how Shin Foong Specialty and Applied Materials 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 Shin Foong Specialty and Applied Materials Co (2013–2024)
The table below shows the annual net assets of Shin Foong Specialty and Applied Materials Co from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.16 Billion | +5.20% |
| 2023-12-31 | NT$5.86 Billion | -1.64% |
| 2022-12-31 | NT$5.96 Billion | -19.10% |
| 2021-12-31 | NT$7.36 Billion | +52.00% |
| 2020-12-31 | NT$4.84 Billion | +36.33% |
| 2019-12-31 | NT$3.55 Billion | +8.24% |
| 2018-12-31 | NT$3.28 Billion | +5.09% |
| 2017-12-31 | NT$3.12 Billion | +30.62% |
| 2016-12-31 | NT$2.39 Billion | +10.88% |
| 2015-12-31 | NT$2.16 Billion | +20.56% |
| 2014-12-31 | NT$1.79 Billion | +4.58% |
| 2013-12-31 | NT$1.71 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shin Foong Specialty and Applied Materials 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 grown by 254.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.66 Billion | 43.13% |
| Common Stock | NT$1.06 Billion | 17.23% |
| Other Comprehensive Income | NT$1.71 Billion | 27.73% |
| Other Components | NT$734.17 Million | 11.91% |
| Total Equity | NT$6.16 Billion | 100.00% |
Shin Foong Specialty and Applied Materials Co Competitors by Market Cap
The table below lists competitors of Shin Foong Specialty and Applied Materials Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UTG Inc
PINK:UTGN
|
$26.23 Million |
|
Technicolor SA
F:TNM2
|
$26.23 Million |
|
Thai Reinsurance Public Company Limited
BK:THRE
|
$26.24 Million |
|
Manaksia Coated Metals & Industries Limited
NSE:MANAKCOAT
|
$26.24 Million |
|
Grand Baoxin Auto Group Limited
PINK:GBXXY
|
$26.22 Million |
|
Quonia SOCIMI SA
MC:YQUO
|
$26.22 Million |
|
J8D0
F:J8D0
|
$26.20 Million |
|
TMT Steel Public Company Limited
BK:TMT
|
$26.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shin Foong Specialty and Applied Materials Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,858,712,000 to 6,163,168,000, a change of 304,456,000 (5.2%).
- Net income of 104,911,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 188,054,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$104.91 Million | +1.7% |
| Other Comprehensive Income | NT$188.05 Million | +3.05% |
| Other Changes | NT$11.49 Million | +0.19% |
| Total Change | NT$- | 5.20% |
Book Value vs Market Value Analysis
This analysis compares Shin Foong Specialty and Applied Materials 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: 0.54x
- 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 1.73x to 0.54x 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$18.13 | NT$31.30 | x |
| 2014-12-31 | NT$18.84 | NT$31.30 | x |
| 2015-12-31 | NT$22.63 | NT$31.30 | x |
| 2016-12-31 | NT$25.32 | NT$31.30 | x |
| 2017-12-31 | NT$31.23 | NT$31.30 | x |
| 2018-12-31 | NT$31.06 | NT$31.30 | x |
| 2019-12-31 | NT$33.55 | NT$31.30 | x |
| 2020-12-31 | NT$45.61 | NT$31.30 | x |
| 2021-12-31 | NT$69.05 | NT$31.30 | x |
| 2022-12-31 | NT$56.02 | NT$31.30 | x |
| 2023-12-31 | NT$55.18 | NT$31.30 | x |
| 2024-12-31 | NT$58.04 | NT$31.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shin Foong Specialty and Applied Materials 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): 1.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.15%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.06x
- Recent ROE (1.70%) is below the historical average (18.79%), 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 | 18.43% | 10.73% | 1.27x | 1.36x | NT$144.14 Million |
| 2014 | 21.08% | 12.08% | 1.28x | 1.36x | NT$198.16 Million |
| 2015 | 35.57% | 21.62% | 1.30x | 1.26x | NT$551.47 Million |
| 2016 | 24.84% | 19.49% | 1.01x | 1.26x | NT$354.90 Million |
| 2017 | 11.05% | 11.61% | 0.84x | 1.13x | NT$32.72 Million |
| 2018 | 13.01% | 11.57% | 0.99x | 1.13x | NT$98.69 Million |
| 2019 | 14.79% | 16.06% | 0.79x | 1.16x | NT$170.05 Million |
| 2020 | 36.70% | 33.75% | 0.88x | 1.23x | NT$1.29 Billion |
| 2021 | 47.21% | 42.59% | 0.93x | 1.19x | NT$2.74 Billion |
| 2022 | 2.94% | 10.28% | 0.26x | 1.09x | NT$-420.67 Million |
| 2023 | -1.84% | -12.06% | 0.14x | 1.06x | NT$-693.73 Million |
| 2024 | 1.70% | 6.15% | 0.26x | 1.06x | NT$-511.41 Million |
Industry Comparison
This section compares Shin Foong Specialty and Applied Materials Co'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 |
|---|---|---|---|---|
| Shin Foong Specialty and Applied Materials Co (6582) | NT$6.17 Billion | 18.43% | 0.03x | $26.23 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 |