Chien Shing Harbour Service Co Ltd (8367) - Net Assets
Based on the latest financial reports, Chien Shing Harbour Service Co Ltd (8367) has net assets worth NT$4.62 Billion TWD (≈ $145.52 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$17.14 Billion ≈ $539.94 Million USD) and total liabilities (NT$12.52 Billion ≈ $394.42 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. Check 8367 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.62 Billion |
| % of Total Assets | 26.95% |
| Annual Growth Rate | 9.51% |
| 5-Year Change | 75.77% |
| 10-Year Change | 168.18% |
| Growth Volatility | 8.6 |
Chien Shing Harbour Service Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Chien Shing Harbour Service Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Chien Shing Harbour Service Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Chien Shing Harbour Service Co Ltd (2012–2024)
The table below shows the annual net assets of Chien Shing Harbour Service Co Ltd from 2012 to 2024. For live valuation and market cap data, see market cap of Chien Shing Harbour Service Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.57 Billion ≈ $144.01 Million |
+9.94% |
| 2023-12-31 | NT$4.16 Billion ≈ $130.98 Million |
+6.03% |
| 2022-12-31 | NT$3.92 Billion ≈ $123.54 Million |
+15.99% |
| 2021-12-31 | NT$3.38 Billion ≈ $106.51 Million |
+30.00% |
| 2020-12-31 | NT$2.60 Billion ≈ $81.93 Million |
+5.37% |
| 2019-12-31 | NT$2.47 Billion ≈ $77.76 Million |
+10.46% |
| 2018-12-31 | NT$2.23 Billion ≈ $70.39 Million |
+11.97% |
| 2017-12-31 | NT$2.00 Billion ≈ $62.86 Million |
-0.82% |
| 2016-12-31 | NT$2.01 Billion ≈ $63.38 Million |
+18.04% |
| 2015-12-31 | NT$1.70 Billion ≈ $53.70 Million |
+11.64% |
| 2014-12-31 | NT$1.53 Billion ≈ $48.10 Million |
-2.90% |
| 2013-12-31 | NT$1.57 Billion ≈ $49.54 Million |
+2.31% |
| 2012-12-31 | NT$1.54 Billion ≈ $48.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chien Shing Harbour Service 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 193.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.33 Billion | 39.94% |
| Common Stock | NT$914.32 Million | 27.50% |
| Other Components | NT$1.08 Billion | 32.55% |
| Total Equity | NT$3.32 Billion | 100.00% |
Chien Shing Harbour Service Co Ltd Competitors by Market Cap
The table below lists competitors of Chien Shing Harbour Service Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JLK Inc
KQ:322510
|
$122.56 Million |
|
Greenheart Gold Inc.
V:GHRT
|
$122.63 Million |
|
Indomobil Multi Jasa Tbk
JK:IMJS
|
$122.69 Million |
|
Yiren Digital Ltd
F:19YA
|
$122.70 Million |
|
Cornish Metals Inc.
V:CUSN
|
$122.51 Million |
|
San Lien Technology
TWO:5493
|
$122.50 Million |
|
KULR Technology Group Inc
NYSE MKT:KULR
|
$122.43 Million |
|
IL Science Co. Ltd
KQ:307180
|
$122.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chien Shing Harbour Service Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,056,899,000 to 3,324,406,000, a change of 267,507,000 (8.8%).
- Net income of 317,178,000 contributed positively to equity growth.
- Dividend payments of 219,335,000 reduced retained earnings.
- Other comprehensive income decreased equity by 368,024,000.
- Other factors increased equity by 537,688,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$317.18 Million | +9.54% |
| Dividends Paid | NT$219.34 Million | -6.6% |
| Other Comprehensive Income | NT$-368.02 Million | -11.07% |
| Other Changes | NT$537.69 Million | +16.17% |
| Total Change | NT$- | 8.75% |
Book Value vs Market Value Analysis
This analysis compares Chien Shing Harbour Service 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: 1.31x
- 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 2.39x to 1.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | NT$17.68 | NT$42.20 | x |
| 2013-12-31 | NT$18.40 | NT$42.20 | x |
| 2014-12-31 | NT$18.86 | NT$42.20 | x |
| 2015-12-31 | NT$21.17 | NT$42.20 | x |
| 2016-12-31 | NT$22.95 | NT$42.20 | x |
| 2017-12-31 | NT$23.06 | NT$42.20 | x |
| 2018-12-31 | NT$25.31 | NT$42.20 | x |
| 2019-12-31 | NT$24.58 | NT$42.20 | x |
| 2020-12-31 | NT$26.34 | NT$42.20 | x |
| 2021-12-31 | NT$31.89 | NT$42.20 | x |
| 2022-12-31 | NT$29.77 | NT$42.20 | x |
| 2023-12-31 | NT$29.83 | NT$42.20 | x |
| 2024-12-31 | NT$32.17 | NT$42.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chien Shing Harbour Service Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.95%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 5.08x
- Recent ROE (9.54%) is below the historical average (9.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 5.90% | 7.35% | 0.28x | 2.90x | NT$-46.72 Million |
| 2013 | 7.80% | 8.69% | 0.31x | 2.92x | NT$-26.08 Million |
| 2014 | 5.96% | 5.64% | 0.35x | 3.02x | NT$-49.44 Million |
| 2015 | 13.57% | 12.20% | 0.36x | 3.09x | NT$49.10 Million |
| 2016 | 10.37% | 11.28% | 0.31x | 2.96x | NT$6.18 Million |
| 2017 | 8.01% | 8.81% | 0.32x | 2.83x | NT$-33.97 Million |
| 2018 | 7.67% | 8.98% | 0.32x | 2.64x | NT$-45.02 Million |
| 2019 | 7.76% | 8.49% | 0.26x | 3.56x | NT$-45.02 Million |
| 2020 | 10.31% | 11.66% | 0.26x | 3.43x | NT$6.71 Million |
| 2021 | 22.12% | 23.54% | 0.25x | 3.75x | NT$315.78 Million |
| 2022 | 8.70% | 11.10% | 0.21x | 3.78x | NT$-38.89 Million |
| 2023 | 9.32% | 12.28% | 0.15x | 4.96x | NT$-20.66 Million |
| 2024 | 9.54% | 10.95% | 0.17x | 5.08x | NT$-15.26 Million |
Industry Comparison
This section compares Chien Shing Harbour Service Co Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $71,494,705,522
- Average return on equity (ROE) among peers: 13.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chien Shing Harbour Service Co Ltd (8367) | NT$4.62 Billion | 5.90% | 2.71x | $122.55 Million |
| Evergreen Marine Corp Taiwan Ltd (2603) | $602.46 Billion | 23.15% | 0.52x | $13.78 Billion |
| Sincere Navigation Corp (2605) | $10.13 Billion | 28.94% | 1.06x | $639.93 Million |
| U-Ming Marine Transport Corp (2606) | $38.88 Billion | 9.36% | 1.25x | $1.61 Billion |
| Yang Ming Marine Transport Corp (2609) | $25.04 Billion | 4.79% | 1.03x | $5.41 Billion |
| Tze Shin International Co Ltd (2611) | $2.61 Billion | 0.42% | 0.87x | $79.20 Million |
| China Container Terminal Corp (2613) | $1.10 Billion | 24.49% | 2.52x | $96.88 Million |
| Wan Hai Lines Ltd (2615) | $21.92 Billion | 20.21% | 0.90x | $6.60 Billion |
| Taiwan Navigation Co Ltd (2617) | $10.78 Billion | 4.81% | 0.55x | $385.87 Million |
| Wisdom Marine Lines Co Ltd (2637) | $436.35 Million | 16.28% | 3.45x | $1.69 Billion |
| Franbo Lines (2641) | $1.59 Billion | 5.05% | 1.73x | $172.09 Million |
About Chien Shing Harbour Service Co Ltd
Chien Shing Harbour Service Company Limited engages in the provision of customs brokerage, transportation, warehousing, and stevedoring services in Taiwan. The company offers import/export customs declaration, forwarding, and consultation service on customs regulations; inland cargo transportation services, including transportation of containers, flatbed truck cargo, sundry cargo, and dump truck … Read more