HD Renewable Energy Co. Ltd.
HD Renewable Energy Co., Ltd. engages in the development of solar power generation systems, engineering construction, and maintenances in Taiwan. It also provides development, design, engineering, and maintenance services of various solar power stations; asset management services; aquaculture management and intelligent energy services; fisheries services; and energy technology services. In additi… Read more
HD Renewable Energy Co. Ltd. (6873) - Net Assets
Latest net assets as of December 2024: NT$9.28 Billion TWD
Based on the latest financial reports, HD Renewable Energy Co. Ltd. (6873) has net assets worth NT$9.28 Billion TWD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$18.53 Billion) and total liabilities (NT$9.25 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$9.28 Billion |
| % of Total Assets | 50.08% |
| Annual Growth Rate | 102.08% |
| 5-Year Change | 1193.49% |
| 10-Year Change | N/A |
| Growth Volatility | 111.46 |
HD Renewable Energy Co. Ltd. - Net Assets Trend (2018–2024)
This chart illustrates how HD Renewable Energy 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 HD Renewable Energy Co. Ltd. (2018–2024)
The table below shows the annual net assets of HD Renewable Energy Co. Ltd. from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$9.28 Billion | +58.63% |
| 2023-12-31 | NT$5.85 Billion | +72.35% |
| 2022-12-31 | NT$3.39 Billion | +106.67% |
| 2021-12-31 | NT$1.64 Billion | +128.93% |
| 2020-12-31 | NT$717.51 Million | +14.76% |
| 2019-12-31 | NT$625.21 Million | +359.25% |
| 2018-12-31 | NT$136.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HD Renewable Energy 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 1996.7% 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 | 19.20% |
| Common Stock | NT$1.17 Billion | 13.10% |
| Other Components | NT$6.06 Billion | 67.70% |
| Total Equity | NT$8.95 Billion | 100.00% |
HD Renewable Energy Co. Ltd. Competitors by Market Cap
The table below lists competitors of HD Renewable Energy Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Meitav Trade Inv Ltd
TA:MTRD
|
$283.72 Million |
|
Qiaoyin Environmental Tech Co Ltd
SHE:002973
|
$283.77 Million |
|
Nerdwallet Inc
NASDAQ:NRDS
|
$283.80 Million |
|
Privi Speciality Chemicals Limited
NSE:PRIVISCL
|
$283.81 Million |
|
Medigen Vaccine Biologics
TWO:6547
|
$283.60 Million |
|
Jiangsu Fasten Co Ltd
SHE:000890
|
$283.59 Million |
|
Akebia Therapeutics Inc
F:AX9
|
$283.56 Million |
|
Wuhan Easy Diagnosis Biomedicine Co Ltd Class A
SHE:002932
|
$283.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HD Renewable Energy Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,529,492,000 to 8,945,271,000, a change of 3,415,779,000 (61.8%).
- Net income of 1,198,860,000 contributed positively to equity growth.
- Dividend payments of 408,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 125,636,000.
- Other factors increased equity by 2,750,555,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.20 Billion | +13.4% |
| Dividends Paid | NT$408.00 Million | -4.56% |
| Other Comprehensive Income | NT$-125.64 Million | -1.4% |
| Other Changes | NT$2.75 Billion | +30.75% |
| Total Change | NT$- | 61.77% |
Book Value vs Market Value Analysis
This analysis compares HD Renewable Energy 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: 1.27x
- 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 53.95x to 1.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | NT$1.84 | NT$99.50 | x |
| 2019-12-31 | NT$7.25 | NT$99.50 | x |
| 2020-12-31 | NT$9.88 | NT$99.50 | x |
| 2021-12-31 | NT$22.58 | NT$99.50 | x |
| 2022-12-31 | NT$40.21 | NT$99.50 | x |
| 2023-12-31 | NT$53.83 | NT$99.50 | x |
| 2024-12-31 | NT$78.17 | NT$99.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HD Renewable Energy 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): 13.40%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.84%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.07x
- Recent ROE (13.40%) is below the historical average (24.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 61.07% | 15.56% | 1.48x | 2.65x | NT$68.51 Million |
| 2019 | 28.49% | 12.99% | 1.03x | 2.14x | NT$97.46 Million |
| 2020 | 26.64% | 8.38% | 1.23x | 2.59x | NT$119.51 Million |
| 2021 | 10.06% | 6.26% | 0.84x | 1.92x | NT$1.06 Million |
| 2022 | 19.38% | 13.36% | 0.80x | 1.82x | NT$314.71 Million |
| 2023 | 14.75% | 13.96% | 0.45x | 2.37x | NT$262.46 Million |
| 2024 | 13.40% | 11.84% | 0.55x | 2.07x | NT$304.33 Million |
Industry Comparison
This section compares HD Renewable Energy Co. Ltd.'s net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $4,175,875,500
- Average return on equity (ROE) among peers: 4.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HD Renewable Energy Co. Ltd. (6873) | NT$9.28 Billion | 61.07% | 1.00x | $283.60 Million |
| Tri Ocean Textile Co Ltd (1472) | $471.56 Million | 11.76% | 2.16x | $47.78 Million |
| Ju-Kao Engineering Co., Ltd. (1594) | $255.42 Million | 7.51% | 0.87x | $1.54 Million |
| United Integrated Services Co Ltd (2404) | $3.13 Billion | 20.17% | 0.95x | $4.54 Billion |
| Long Bon International Co Ltd (2514) | $6.53 Billion | 0.00% | 0.66x | $62.56 Million |
| BES Engineering Co (2515) | $19.49 Billion | 4.21% | 0.91x | $672.18 Million |
| New Asia Construction & Development Corp (2516) | $2.23 Billion | 0.00% | 2.40x | $81.96 Million |
| Delpha Construction Co Ltd (2530) | $3.28 Billion | 1.62% | 1.20x | $263.82 Million |
| Da-Cin Construction Co Ltd (2535) | $3.65 Billion | 9.48% | 1.58x | $427.67 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.87 Billion | -19.87% | 1.56x | $528.64 Million |
| Kedge Construction Co Ltd (2546) | $850.58 Million | 9.16% | 1.28x | $162.84 Million |