HORIZON FIXTURE GROUP CO LTD
Horizon Fixture Group Co., Ltd. designs, manufactures, and sells in-store displays in Taiwan. It offers eye-catching shelving systems, interactive kiosks, modular stands, commercial display racks, and bed frames. It serves apparel, beverages, hospitality, footwear, paints, furniture, and home wellness sectors. The company was founded in 1998 and is based in Nantou City, Taiwan.
HORIZON FIXTURE GROUP CO LTD (6957) - Net Assets
Latest net assets as of September 2025: NT$2.26 Billion TWD
Based on the latest financial reports, HORIZON FIXTURE GROUP CO LTD (6957) has net assets worth NT$2.26 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$4.13 Billion) and total liabilities (NT$1.86 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$2.26 Billion |
| % of Total Assets | 54.81% |
| Annual Growth Rate | 58.05% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 20.85 |
HORIZON FIXTURE GROUP CO LTD - Net Assets Trend (2020–2024)
This chart illustrates how HORIZON FIXTURE GROUP 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 HORIZON FIXTURE GROUP CO LTD (2020–2024)
The table below shows the annual net assets of HORIZON FIXTURE GROUP CO LTD from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.92 Billion | +73.52% |
| 2023-12-31 | NT$1.68 Billion | +40.83% |
| 2022-12-31 | NT$1.20 Billion | +85.97% |
| 2021-12-31 | NT$643.08 Million | +37.31% |
| 2020-12-31 | NT$468.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HORIZON FIXTURE GROUP 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 5120.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.10 Billion | 37.65% |
| Common Stock | NT$552.11 Million | 18.89% |
| Other Comprehensive Income | NT$66.01 Million | 2.26% |
| Other Components | NT$1.20 Billion | 41.20% |
| Total Equity | NT$2.92 Billion | 100.00% |
HORIZON FIXTURE GROUP CO LTD Competitors by Market Cap
The table below lists competitors of HORIZON FIXTURE GROUP CO LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PROCAPS GRP S.A. DL -01
F:9X1
|
$119.43 Million |
|
NH Hoteles
MC:NHH
|
$119.44 Million |
|
Jeld-Wen Holding Inc
NYSE:JELD
|
$119.50 Million |
|
Galata Wind Enerji Anonim Sirket
IS:GWIND
|
$119.51 Million |
|
Merchants' National Properties Inc
PINK:MNPP
|
$119.41 Million |
|
Indigo Acquisition Corp. Ordinary Shares
NASDAQ:INAC
|
$119.41 Million |
|
Eternal Hospitality Group Co.,Ltd.
PINK:TORIF
|
$119.40 Million |
|
Cuckoo Homesys Co Ltd
KO:284740
|
$119.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HORIZON FIXTURE GROUP CO LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,684,284,000 to 2,922,636,000, a change of 1,238,352,000 (73.5%).
- Net income of 747,056,000 contributed positively to equity growth.
- Dividend payments of 667,923,000 reduced retained earnings.
- New share issuances of 1,055,093,000 increased equity.
- Other comprehensive income increased equity by 71,789,000.
- Other factors increased equity by 32,337,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$747.06 Million | +25.56% |
| Dividends Paid | NT$667.92 Million | -22.85% |
| Share Issuances | NT$1.06 Billion | +36.1% |
| Other Comprehensive Income | NT$71.79 Million | +2.46% |
| Other Changes | NT$32.34 Million | +1.11% |
| Total Change | NT$- | 73.52% |
Book Value vs Market Value Analysis
This analysis compares HORIZON FIXTURE GROUP 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: 3.07x
- 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 13.64x to 3.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$11.88 | NT$162.00 | x |
| 2021-12-31 | NT$15.86 | NT$162.00 | x |
| 2022-12-31 | NT$25.83 | NT$162.00 | x |
| 2023-12-31 | NT$34.13 | NT$162.00 | x |
| 2024-12-31 | NT$52.77 | NT$162.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HORIZON FIXTURE GROUP CO LTD utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.56%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.61%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.66x
- Recent ROE (25.56%) is below the historical average (32.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 9.00% | 1.74% | 1.31x | 3.93x | NT$-4.67 Million |
| 2021 | 30.00% | 5.46% | 1.65x | 3.33x | NT$128.64 Million |
| 2022 | 43.74% | 12.07% | 1.56x | 2.32x | NT$403.54 Million |
| 2023 | 52.24% | 22.77% | 1.21x | 1.90x | NT$711.43 Million |
| 2024 | 25.56% | 18.61% | 0.83x | 1.66x | NT$454.79 Million |
Industry Comparison
This section compares HORIZON FIXTURE GROUP CO LTD's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $6,453,089,600
- Average return on equity (ROE) among peers: 10.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HORIZON FIXTURE GROUP CO LTD (6957) | NT$2.26 Billion | 9.00% | 0.82x | $119.43 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $8.23 Billion | 5.97% | 0.53x | $159.60 Million |
| Sampo Corp (1604) | $7.48 Billion | 1.91% | 0.73x | $194.91 Million |
| China Electric Manufacturing Corp (1611) | $4.56 Billion | 1.75% | 0.29x | $96.73 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.17 Billion | 4.11% | 0.26x | $126.91 Million |
| Airmate Cayman International Co Ltd (1626) | $2.22 Billion | 22.35% | 2.06x | $26.74 Million |
| Hocheng Corp (1810) | $6.31 Billion | 3.21% | 0.80x | $119.59 Million |
| King Slide Works Co Ltd (2059) | $28.04 Billion | 35.08% | 0.25x | $5.64 Billion |
| Fortune Oriental Co Ltd (2491) | $724.35 Million | 5.40% | 1.92x | $24.92 Million |
| Bedding World Co., Ltd. (2938) | $492.43 Million | 17.07% | 2.01x | $3.06 Million |
| Ado Optronics (3516) | $1.30 Billion | 3.37% | 0.48x | $15.82 Million |