Yankey Engineering Co Ltd (6691) - Net Assets
Based on the latest financial reports, Yankey Engineering Co Ltd (6691) has net assets worth NT$6.56 Billion TWD (≈ $206.68 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$16.79 Billion ≈ $528.84 Million USD) and total liabilities (NT$10.23 Billion ≈ $322.16 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 6691 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.56 Billion |
| % of Total Assets | 39.08% |
| Annual Growth Rate | 5.55% |
| 5-Year Change | 194.12% |
| 10-Year Change | N/A |
| Growth Volatility | 53.31 |
Yankey Engineering Co Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Yankey Engineering Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 6691 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Yankey Engineering Co Ltd (2019–2024)
The table below shows the annual net assets of Yankey Engineering Co Ltd from 2019 to 2024. For live valuation and market cap data, see 6691 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.29 Billion ≈ $198.21 Million |
+12.41% |
| 2023-12-31 | NT$5.60 Billion ≈ $176.34 Million |
+8.93% |
| 2022-12-31 | NT$5.14 Billion ≈ $161.88 Million |
+13.75% |
| 2021-12-31 | NT$4.52 Billion ≈ $142.32 Million |
+111.18% |
| 2020-12-31 | NT$2.14 Billion ≈ $67.39 Million |
-55.45% |
| 2019-12-31 | NT$4.80 Billion ≈ $151.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Yankey Engineering 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 98.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.57 Billion | 40.86% |
| Common Stock | NT$1.06 Billion | 16.81% |
| Other Comprehensive Income | NT$30.26 Million | 0.48% |
| Other Components | NT$2.63 Billion | 41.85% |
| Total Equity | NT$6.29 Billion | 100.00% |
Yankey Engineering Co Ltd Competitors by Market Cap
The table below lists competitors of Yankey Engineering Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OPmobility SE
PA:OPM
|
$2.40 Billion |
|
Wallenstam AB (publ)
ST:WALL-B
|
$2.40 Billion |
|
Bank of Xi'An Co Ltd
SHG:600928
|
$2.40 Billion |
|
National Energy Services Reunited Corp Ordinary Shares
NASDAQ:NESR
|
$2.40 Billion |
|
Inventrust Properties Corp
NYSE:IVT
|
$2.40 Billion |
|
Guangdong Feinan Resources Recycling Co Ltd
SHE:301500
|
$2.40 Billion |
|
Signify N.V.
AS:LIGHT
|
$2.40 Billion |
|
Proximus NV
BR:PROX
|
$2.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yankey Engineering Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,596,780,000 to 6,291,346,000, a change of 694,566,000 (12.4%).
- Net income of 2,030,002,000 contributed positively to equity growth.
- Dividend payments of 1,398,229,000 reduced retained earnings.
- Other comprehensive income increased equity by 61,726,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.03 Billion | +32.27% |
| Dividends Paid | NT$1.40 Billion | -22.22% |
| Other Comprehensive Income | NT$61.73 Million | +0.98% |
| Other Changes | NT$1.07 Million | +0.02% |
| Total Change | NT$- | 12.41% |
Book Value vs Market Value Analysis
This analysis compares Yankey Engineering 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: 10.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 28.94x to 10.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$21.80 | NT$631.00 | x |
| 2020-12-31 | NT$27.15 | NT$631.00 | x |
| 2021-12-31 | NT$57.27 | NT$631.00 | x |
| 2022-12-31 | NT$58.80 | NT$631.00 | x |
| 2023-12-31 | NT$53.28 | NT$631.00 | x |
| 2024-12-31 | NT$60.00 | NT$631.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yankey Engineering 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): 32.27%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.36%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 2.49x
- Recent ROE (32.27%) is above the historical average (27.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 25.72% | 10.25% | 1.08x | 2.33x | NT$324.17 Million |
| 2020 | 21.83% | 8.72% | 1.06x | 2.35x | NT$253.14 Million |
| 2021 | 21.18% | 8.98% | 1.18x | 2.00x | NT$505.06 Million |
| 2022 | 33.64% | 12.37% | 1.22x | 2.22x | NT$1.21 Billion |
| 2023 | 31.58% | 11.39% | 1.27x | 2.18x | NT$1.21 Billion |
| 2024 | 32.27% | 13.36% | 0.97x | 2.49x | NT$1.40 Billion |
Industry Comparison
This section compares Yankey Engineering Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,966,943,900
- Average return on equity (ROE) among peers: 9.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yankey Engineering Co Ltd (6691) | NT$6.56 Billion | 25.72% | 1.56x | $2.40 Billion |
| Tri Ocean Textile Co Ltd (1472) | $1.42 Billion | 9.97% | 0.87x | $147.67 Million |
| United Integrated Services Co Ltd (2404) | $4.36 Billion | 2.90% | 0.88x | $5.64 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $150.06 Million |
| BES Engineering Co (2515) | $20.42 Billion | 3.03% | 1.06x | $661.08 Million |
| New Asia Construction & Development Corp (2516) | $1.82 Billion | 2.97% | 2.45x | $97.31 Million |
| Delpha Construction Co Ltd (2530) | $2.85 Billion | 11.76% | 1.16x | $551.78 Million |
| Da-Cin Construction Co Ltd (2535) | $8.83 Billion | 13.87% | 1.48x | $590.36 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.08 Billion | 8.97% | 2.20x | $783.30 Million |
| Kedge Construction Co Ltd (2546) | $2.53 Billion | 16.09% | 1.76x | $347.48 Million |
| Ruentex Engineering & Construction Co Ltd (2597) | $8.21 Billion | 22.43% | 1.12x | $1.54 Billion |
About Yankey Engineering Co Ltd
Yankey Engineering Co., Ltd. offers engineering services in Taiwan, China, and Thailand. The company designs and installs clean room systems, refrigeration and air conditioning systems, and ice-making systems; and sells materials for these systems. It also provides mechanical, electrical, and plumbing turnkey services for commercial office buildings; and high and low voltage transmission system i… Read more