Sunny Friend Environmental Technology Co Ltd (8341) - Net Assets
Based on the latest financial reports, Sunny Friend Environmental Technology Co Ltd (8341) has net assets worth NT$5.61 Billion TWD (≈ $176.82 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$10.32 Billion ≈ $325.18 Million USD) and total liabilities (NT$4.71 Billion ≈ $148.37 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. Also explore balance sheet size of Sunny Friend Environmental Technology Co for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$5.61 Billion |
| % of Total Assets | 54.37% |
| Annual Growth Rate | 14.43% |
| 5-Year Change | 76.44% |
| 10-Year Change | 137.52% |
| Growth Volatility | 17.34 |
Sunny Friend Environmental Technology Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Sunny Friend Environmental Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Sunny Friend Environmental Technology Co to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Sunny Friend Environmental Technology Co Ltd (2011–2025)
The table below shows the annual net assets of Sunny Friend Environmental Technology Co Ltd from 2011 to 2025. For live valuation and market cap data, see market value of Sunny Friend Environmental Technology Co.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$5.81 Billion ≈ $182.95 Million |
+1.83% |
| 2024-12-31 | NT$5.70 Billion ≈ $179.66 Million |
+8.26% |
| 2023-12-31 | NT$5.27 Billion ≈ $165.95 Million |
+52.75% |
| 2022-12-31 | NT$3.45 Billion ≈ $108.64 Million |
+4.78% |
| 2021-12-31 | NT$3.29 Billion ≈ $103.69 Million |
+1.51% |
| 2020-12-31 | NT$3.24 Billion ≈ $102.15 Million |
+6.57% |
| 2019-12-31 | NT$3.04 Billion ≈ $95.85 Million |
+7.10% |
| 2018-12-31 | NT$2.84 Billion ≈ $89.49 Million |
+4.65% |
| 2017-12-31 | NT$2.71 Billion ≈ $85.52 Million |
+11.02% |
| 2016-12-31 | NT$2.44 Billion ≈ $77.03 Million |
+8.30% |
| 2015-12-31 | NT$2.26 Billion ≈ $71.12 Million |
+54.11% |
| 2014-12-31 | NT$1.46 Billion ≈ $46.15 Million |
+7.92% |
| 2013-12-31 | NT$1.36 Billion ≈ $42.76 Million |
+14.27% |
| 2012-12-31 | NT$1.19 Billion ≈ $37.42 Million |
+35.12% |
| 2011-12-31 | NT$879.15 Million ≈ $27.70 Million |
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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 795.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$809.95 Million | 15.23% |
| Common Stock | NT$1.30 Billion | 24.45% |
| Other Comprehensive Income | NT$810.29 Million | 15.24% |
| Other Components | NT$2.40 Billion | 45.08% |
| Total Equity | NT$5.32 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 |
|---|---|
|
Guangdong Liantai Environmental Protection Co Ltd
SHG:603797
|
$313.88 Million |
|
Zentalis Pharmaceuticals Llc
NASDAQ:ZNTL
|
$313.93 Million |
|
Jumbo Interactive Ltd
AU:JIN
|
$314.12 Million |
|
Gérard Perrier Industrie S.A.
PA:PERR
|
$314.13 Million |
|
MMTEC Inc
NASDAQ:MTC
|
$313.70 Million |
|
Hong Tai Electric Industrial Co Ltd
TW:1612
|
$313.68 Million |
|
Haymaker Acquisition Corp. 4
NYSE:HYAC
|
$313.64 Million |
|
ANY Security Printing PLC
BUD:ANY
|
$313.57 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 2024 to 2025, total equity changed from 5,243,934,000 to 5,317,431,000, a change of 73,497,000 (1.4%).
- Net income of 582,865,000 contributed positively to equity growth.
- Dividend payments of 568,422,000 reduced retained earnings.
- Other comprehensive income increased equity by 836,217,000.
- Other factors decreased equity by 777,163,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$582.87 Million | +10.96% |
| Dividends Paid | NT$568.42 Million | -10.69% |
| Other Comprehensive Income | NT$836.22 Million | +15.73% |
| Other Changes | NT$-777.16 Million | -14.62% |
| Total Change | NT$- | 1.40% |
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: 1.88x
- 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 6.71x to 1.88x 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$76.60 | x |
| 2012-12-31 | NT$15.17 | NT$76.60 | x |
| 2013-12-31 | NT$12.98 | NT$76.60 | x |
| 2014-12-31 | NT$13.95 | NT$76.60 | x |
| 2015-12-31 | NT$20.10 | NT$76.60 | x |
| 2016-12-31 | NT$21.26 | NT$76.60 | x |
| 2017-12-31 | NT$23.64 | NT$76.60 | x |
| 2018-12-31 | NT$24.72 | NT$76.60 | x |
| 2019-12-31 | NT$26.47 | NT$76.60 | x |
| 2020-12-31 | NT$27.59 | NT$76.60 | x |
| 2021-12-31 | NT$27.71 | NT$76.60 | x |
| 2022-12-31 | NT$27.87 | NT$76.60 | x |
| 2023-12-31 | NT$41.52 | NT$76.60 | x |
| 2024-12-31 | NT$40.16 | NT$76.60 | x |
| 2025-12-31 | NT$40.70 | NT$76.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunny Friend Environmental Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.96%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.61%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.89x
- Recent ROE (10.96%) is below the historical average (20.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 9.56% | 17.16% | 0.38x | 1.48x | NT$-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 |
| 2025 | 10.96% | 14.61% | 0.40x | 1.89x | NT$51.12 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: $4,148,350,000
- Average return on equity (ROE) among peers: 16.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunny Friend Environmental Technology Co Ltd (8341) | NT$5.61 Billion | 9.56% | 0.84x | $313.73 Million |
| Taiwan Steel Union Co Ltd (6581) | $3.59 Billion | 21.86% | 0.28x | $375.10 Million |
| ECOVE Environment Corp (6803) | $7.40 Billion | 16.98% | 0.81x | $621.45 Million |
| Jiin Yeeh Ding Enterprise Co Ltd (8390) | $3.74 Billion | 16.96% | 0.20x | $288.59 Million |
| Cleanaway Co Ltd (8422) | $4.24 Billion | 31.04% | 0.09x | $945.52 Million |
| E&E Recycling (8440) | $635.02 Million | 3.69% | 0.21x | $31.82 Million |
| Forest Water Environmental Eng Co Ltd (8473) | $5.28 Billion | 5.69% | 0.75x | $252.13 Million |
About Sunny Friend Environmental Technology Co Ltd
Sunny Friend Environmental Technology Co., Ltd. engages in the bio-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 industrial waste, infectious medical, general waste, and general industrial waste business. It also provides pollution control a… Read more