Sunny Friend Environmental Technology Co Ltd
Sunny Friend Environmental Technology Co., Ltd. engages in the medical waste incineration business in Taiwan. The company is involved in the collection, incineration, solidification, physicochemical, and landfill of hazardous waste, as well as treatment of hazardous business, infectious medical, general, and general industrial waste. It also manufactures pollution control equipment. In addition, … Read more
Sunny Friend Environmental Technology Co Ltd (8341) - Net Assets
Latest net assets as of September 2025: NT$5.55 Billion TWD
Based on the latest financial reports, Sunny Friend Environmental Technology Co Ltd (8341) has net assets worth NT$5.55 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$9.84 Billion) and total liabilities (NT$4.29 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$5.55 Billion |
| % of Total Assets | 56.4% |
| Annual Growth Rate | 15.47% |
| 5-Year Change | 75.88% |
| 10-Year Change | 152.6% |
| Growth Volatility | 17.56 |
Sunny Friend Environmental Technology Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Sunny Friend Environmental Technology 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 Sunny Friend Environmental Technology Co Ltd (2011–2024)
The table below shows the annual net assets of Sunny Friend Environmental Technology Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.70 Billion | +8.26% |
| 2023-12-31 | NT$5.27 Billion | +52.75% |
| 2022-12-31 | NT$3.45 Billion | +4.78% |
| 2021-12-31 | NT$3.29 Billion | +1.51% |
| 2020-12-31 | NT$3.24 Billion | +6.57% |
| 2019-12-31 | NT$3.04 Billion | +7.10% |
| 2018-12-31 | NT$2.84 Billion | +4.65% |
| 2017-12-31 | NT$2.71 Billion | +11.02% |
| 2016-12-31 | NT$2.44 Billion | +8.30% |
| 2015-12-31 | NT$2.26 Billion | +54.11% |
| 2014-12-31 | NT$1.46 Billion | +7.92% |
| 2013-12-31 | NT$1.36 Billion | +14.27% |
| 2012-12-31 | NT$1.19 Billion | +35.12% |
| 2011-12-31 | NT$879.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sunny Friend Environmental Technology 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 1427.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.38 Billion | 26.34% |
| Common Stock | NT$1.30 Billion | 24.79% |
| Other Comprehensive Income | NT$-25.92 Million | -0.49% |
| Other Components | NT$2.59 Billion | 49.36% |
| Total Equity | NT$5.24 Billion | 100.00% |
Sunny Friend Environmental Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Sunny Friend Environmental Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Advanced Process Systems Corporation
KQ:265520
|
$168.04 Million |
|
WEYCO GRP INC. DL 1
F:WY1
|
$168.06 Million |
|
Joyvio Agriculture Development Co Ltd
SHE:300268
|
$168.07 Million |
|
Friedrich Vorwerk Group SE
PINK:FDVWF
|
$168.08 Million |
|
Savior Lifetec
TWO:4167
|
$167.97 Million |
|
Arcturus Therapeutics Holdings Inc
NASDAQ:ARCT
|
$167.95 Million |
|
PT Bangun Kosambi Sukses Tbk
JK:CBDK
|
$167.95 Million |
|
Baoding Dongli Machinery Co.Ltd.
SHE:301298
|
$167.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunny Friend Environmental Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,008,347,000 to 5,243,934,000, a change of 235,587,000 (4.7%).
- Net income of 480,203,000 contributed positively to equity growth.
- Dividend payments of 525,923,000 reduced retained earnings.
- New share issuances of 309,529,000 increased equity.
- Other comprehensive income decreased equity by 712,280,000.
- Other factors increased equity by 684,058,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$480.20 Million | +9.16% |
| Dividends Paid | NT$525.92 Million | -10.03% |
| Share Issuances | NT$309.53 Million | +5.9% |
| Other Comprehensive Income | NT$-712.28 Million | -13.58% |
| Other Changes | NT$684.06 Million | +13.04% |
| Total Change | NT$- | 4.70% |
Book Value vs Market Value Analysis
This analysis compares Sunny Friend Environmental Technology 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: 1.94x
- 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 6.81x to 1.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | NT$11.42 | NT$77.80 | x |
| 2012-12-31 | NT$15.17 | NT$77.80 | x |
| 2013-12-31 | NT$12.98 | NT$77.80 | x |
| 2014-12-31 | NT$13.95 | NT$77.80 | x |
| 2015-12-31 | NT$20.10 | NT$77.80 | x |
| 2016-12-31 | NT$21.26 | NT$77.80 | x |
| 2017-12-31 | NT$23.64 | NT$77.80 | x |
| 2018-12-31 | NT$24.72 | NT$77.80 | x |
| 2019-12-31 | NT$26.47 | NT$77.80 | x |
| 2020-12-31 | NT$27.59 | NT$77.80 | x |
| 2021-12-31 | NT$27.71 | NT$77.80 | x |
| 2022-12-31 | NT$27.87 | NT$77.80 | x |
| 2023-12-31 | NT$41.52 | NT$77.80 | x |
| 2024-12-31 | NT$40.16 | NT$77.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunny Friend Environmental Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.99%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.02x
- Recent ROE (9.16%) is below the historical average (21.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 9.56% | 17.16% | 0.38x | 1.48x | NT$-3.89 Million |
| 2012 | 7.52% | 15.00% | 0.23x | 2.16x | NT$-29.50 Million |
| 2013 | 19.63% | 24.32% | 0.41x | 1.96x | NT$130.69 Million |
| 2014 | 20.77% | 24.41% | 0.43x | 2.00x | NT$157.72 Million |
| 2015 | 22.75% | 31.61% | 0.52x | 1.38x | NT$287.80 Million |
| 2016 | 25.10% | 33.80% | 0.53x | 1.41x | NT$369.28 Million |
| 2017 | 28.88% | 41.18% | 0.53x | 1.32x | NT$512.35 Million |
| 2018 | 28.99% | 37.32% | 0.49x | 1.57x | NT$539.30 Million |
| 2019 | 32.64% | 37.90% | 0.45x | 1.92x | NT$688.78 Million |
| 2020 | 31.34% | 34.19% | 0.32x | 2.83x | NT$676.80 Million |
| 2021 | 29.65% | 28.17% | 0.34x | 3.05x | NT$626.22 Million |
| 2022 | 26.87% | 22.41% | 0.37x | 3.28x | NT$540.69 Million |
| 2023 | 8.16% | 12.54% | 0.31x | 2.07x | NT$-92.28 Million |
| 2024 | 9.16% | 12.99% | 0.35x | 2.02x | NT$-44.19 Million |
Industry Comparison
This section compares Sunny Friend Environmental Technology Co Ltd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $1,503,585,222
- Average return on equity (ROE) among peers: 11.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunny Friend Environmental Technology Co Ltd (8341) | NT$5.55 Billion | 9.56% | 0.77x | $168.01 Million |
| Taiwan Steel Union Co Ltd (6581) | $4.33 Billion | 22.73% | 0.14x | $51.95 Million |
| Ever-Clear Environmental Eng. Corp. (6624) | $298.39 Million | 0.25% | 1.76x | $22.95 Million |
| Ping Ho Environmental Technology Co., Ltd. (6771) | $869.78 Million | 13.60% | 0.55x | $30.63 Million |
| ECOVE Environment Corp (6803) | $5.26 Billion | 16.11% | 0.39x | $305.16 Million |
| Chyunn Environment Corporation (6911) | $373.76 Million | 13.28% | 0.49x | $8.87K |
| Techzone Technology Materials Co., Ltd. (6947) | $384.05 Million | 10.37% | 1.62x | $115.78 Million |
| Chin Hsin Environ Engineering Co., Ltd. (6951) | $194.12 Million | 18.31% | 1.55x | $37.68 Million |
| Enrestec Inc. (7507) | $1.45 Billion | 8.42% | 0.54x | $31.28 Million |
| Revivegen Co., Ltd. (7578) | $366.82 Million | 3.07% | 1.12x | $28.10 Million |