Dong Fang Offshore Co., Ltd.
Dong Fang Offshore Co., Ltd. provides offshore maritime solutions. It operates various offshore vessels, including small vessels and large cable-laying ships with a total of 18 ships. The company also offers power cable transport, installation, maintenance, and repair; cable burial; pull-in and cable T and T Support; horizontal directional drilling; nearshore export cable pull-in support; telecom… Read more
Dong Fang Offshore Co., Ltd. (7786) - Net Assets
Latest net assets as of September 2025: NT$6.30 Billion TWD
Based on the latest financial reports, Dong Fang Offshore Co., Ltd. (7786) has net assets worth NT$6.30 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$12.99 Billion) and total liabilities (NT$6.69 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$6.30 Billion |
| % of Total Assets | 48.54% |
| Annual Growth Rate | 77.99% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 40.72 |
Dong Fang Offshore Co., Ltd. - Net Assets Trend (2021–2024)
This chart illustrates how Dong Fang Offshore 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 Dong Fang Offshore Co., Ltd. (2021–2024)
The table below shows the annual net assets of Dong Fang Offshore Co., Ltd. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.17 Billion | +44.00% |
| 2023-12-31 | NT$3.59 Billion | +64.13% |
| 2022-12-31 | NT$2.19 Billion | +138.68% |
| 2021-12-31 | NT$917.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dong Fang Offshore 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 1333.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.32 Billion | 44.75% |
| Other Components | NT$2.86 Billion | 55.25% |
| Total Equity | NT$5.17 Billion | 100.00% |
Dong Fang Offshore Co., Ltd. Competitors by Market Cap
The table below lists competitors of Dong Fang Offshore Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Liuzhou Liangmianzhen Co Ltd
SHG:600249
|
$274.59 Million |
|
Shanghai ZJ Bio-Tech Co. Ltd. A
SHG:688317
|
$274.67 Million |
|
Contineum Therapeutics, Inc. Class A Common Stock
NASDAQ:CTNM
|
$274.76 Million |
|
E&R Engineering
TWO:8027
|
$274.88 Million |
|
Real Matters Inc
PINK:RLLMF
|
$274.55 Million |
|
Rejlerkoncernen AB
F:3RE
|
$274.54 Million |
|
Dayang Enterprise Holdings Bhd
KLSE:5141
|
$274.52 Million |
|
Shanghai Jiaoda Onlly Co Ltd
SHG:600530
|
$274.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dong Fang Offshore Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,593,278,000 to 5,174,391,000, a change of 1,581,113,000 (44.0%).
- Net income of 1,228,936,000 contributed positively to equity growth.
- Dividend payments of 149,944,000 reduced retained earnings.
- New share issuances of 389,945,000 increased equity.
- Other factors increased equity by 112,176,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.23 Billion | +23.75% |
| Dividends Paid | NT$149.94 Million | -2.9% |
| Share Issuances | NT$389.94 Million | +7.54% |
| Other Changes | NT$112.18 Million | +2.17% |
| Total Change | NT$- | 44.00% |
Book Value vs Market Value Analysis
This analysis compares Dong Fang Offshore 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: 4.39x
- 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 24.75x to 4.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | NT$5.86 | NT$145.00 | x |
| 2022-12-31 | NT$13.98 | NT$145.00 | x |
| 2023-12-31 | NT$22.95 | NT$145.00 | x |
| 2024-12-31 | NT$33.05 | NT$145.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dong Fang Offshore 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): 23.75%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.84%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.53x
- Recent ROE (23.75%) is above the historical average (22.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 17.61% | 15.72% | 0.75x | 1.49x | NT$69.80 Million |
| 2022 | 21.90% | 18.20% | 0.57x | 2.12x | NT$260.50 Million |
| 2023 | 27.52% | 20.04% | 0.70x | 1.96x | NT$629.58 Million |
| 2024 | 23.75% | 17.84% | 0.87x | 1.53x | NT$711.50 Million |
Industry Comparison
This section compares Dong Fang Offshore Co., Ltd.'s net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $1,638,476,250
- Average return on equity (ROE) among peers: 13.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dong Fang Offshore Co., Ltd. (7786) | NT$6.30 Billion | 17.61% | 1.06x | $274.56 Million |
| Farglory FTZ Investment Holding Co Ltd (5607) | $3.06 Billion | 0.32% | 1.09x | $231.53 Million |
| Sporton International (6146) | $4.07 Billion | 18.22% | 0.31x | $421.54 Million |
| Trade-Van Information Services Co (6183) | $1.87 Billion | 9.08% | 0.20x | $149.27 Million |
| ChainSea Information Integration Co.,Ltd. (6898) | $400.56 Million | 33.53% | 0.61x | $52.19 Million |
| Bai Sha Technology Co Ltd (8401) | $1.13 Billion | 15.15% | 0.37x | $36.67 Million |
| Transart Graphics Co Ltd (8481) | $1.00 Billion | 30.15% | 0.30x | $33.02 Million |
| Forward Graphic Enterprise Co Ltd (8906) | $363.96 Million | 0.68% | 1.98x | $25.75 Million |
| Choice Development Inc (9929) | $1.20 Billion | 0.00% | 2.93x | $10.77 Million |