Paiho Shih Holdings Corp
Paiho Shih Holdings Corporation, through its subsidiaries, manufactures and sells touch fastener, webbing, elastic, and jacquard engineered mesh products in China and Vietnam. It offers touch fastener products for use in shoes, garments, raincoats, caps, sporting goods, belts, etc.; elastic products for use in pant straps, jacket lower hems, cuffs, shoe upper clothes, and other applications; and … Read more
Paiho Shih Holdings Corp (8404) - Net Assets
Latest net assets as of September 2025: NT$6.70 Billion TWD
Based on the latest financial reports, Paiho Shih Holdings Corp (8404) has net assets worth NT$6.70 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$18.60 Billion) and total liabilities (NT$11.90 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$6.70 Billion |
| % of Total Assets | 36.02% |
| Annual Growth Rate | 6.79% |
| 5-Year Change | 11.16% |
| 10-Year Change | 41.54% |
| Growth Volatility | 14.4 |
Paiho Shih Holdings Corp - Net Assets Trend (2009–2024)
This chart illustrates how Paiho Shih Holdings Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Paiho Shih Holdings Corp (2009–2024)
The table below shows the annual net assets of Paiho Shih Holdings Corp from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.61 Billion | +36.82% |
| 2023-12-31 | NT$4.83 Billion | -13.25% |
| 2022-12-31 | NT$5.57 Billion | -6.04% |
| 2021-12-31 | NT$5.93 Billion | -0.32% |
| 2020-12-31 | NT$5.95 Billion | +11.75% |
| 2019-12-31 | NT$5.32 Billion | +2.42% |
| 2018-12-31 | NT$5.20 Billion | +1.27% |
| 2017-12-31 | NT$5.13 Billion | +9.74% |
| 2016-12-31 | NT$4.68 Billion | +0.10% |
| 2015-12-31 | NT$4.67 Billion | +3.11% |
| 2014-12-31 | NT$4.53 Billion | +7.22% |
| 2013-12-31 | NT$4.23 Billion | +9.66% |
| 2012-12-31 | NT$3.85 Billion | +0.15% |
| 2011-12-31 | NT$3.85 Billion | +44.33% |
| 2010-12-31 | NT$2.67 Billion | +8.04% |
| 2009-12-31 | NT$2.47 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Paiho Shih Holdings Corp'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 216.4% 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 | 20.80% |
| Common Stock | NT$4.00 Billion | 60.50% |
| Other Comprehensive Income | NT$221.01 Million | 3.34% |
| Other Components | NT$1.02 Billion | 15.36% |
| Total Equity | NT$6.61 Billion | 100.00% |
Paiho Shih Holdings Corp Competitors by Market Cap
The table below lists competitors of Paiho Shih Holdings Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fiera Milano S.p.A.
LSE:0EGH
|
$92.87 Million |
|
Singatron Enterprise Co Ltd
TWO:6126
|
$92.90 Million |
|
Boiron SA
PA:BOI
|
$92.91 Million |
|
Naintech Co. Ltd.
KQ:267320
|
$92.93 Million |
|
Fonar Corporation
NASDAQ:FONR
|
$92.74 Million |
|
Aroa Biosurgery Ltd
AU:ARX
|
$92.74 Million |
|
Lagenda Properties Bhd
KLSE:7179
|
$92.73 Million |
|
CAMBI ASA NK -02
F:3W7
|
$92.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Paiho Shih Holdings Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,831,642,000 to 6,610,965,000, a change of 1,779,323,000 (36.8%).
- Net income of 368,319,000 contributed positively to equity growth.
- New share issuances of 1,169,296,000 increased equity.
- Other comprehensive income increased equity by 298,440,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$368.32 Million | +5.57% |
| Share Issuances | NT$1.17 Billion | +17.69% |
| Other Comprehensive Income | NT$298.44 Million | +4.51% |
| Other Changes | NT$-56.73 Million | -0.86% |
| Total Change | NT$- | 36.83% |
Book Value vs Market Value Analysis
This analysis compares Paiho Shih Holdings Corp'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: 1.20x
- 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 1.82x to 1.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$10.99 | NT$20.05 | x |
| 2010-12-31 | NT$7.79 | NT$20.05 | x |
| 2011-12-31 | NT$10.91 | NT$20.05 | x |
| 2012-12-31 | NT$10.36 | NT$20.05 | x |
| 2013-12-31 | NT$11.62 | NT$20.05 | x |
| 2014-12-31 | NT$12.42 | NT$20.05 | x |
| 2015-12-31 | NT$12.73 | NT$20.05 | x |
| 2016-12-31 | NT$12.74 | NT$20.05 | x |
| 2017-12-31 | NT$13.99 | NT$20.05 | x |
| 2018-12-31 | NT$14.10 | NT$20.05 | x |
| 2019-12-31 | NT$14.38 | NT$20.05 | x |
| 2020-12-31 | NT$16.04 | NT$20.05 | x |
| 2021-12-31 | NT$17.40 | NT$20.05 | x |
| 2022-12-31 | NT$16.35 | NT$20.05 | x |
| 2023-12-31 | NT$14.60 | NT$20.05 | x |
| 2024-12-31 | NT$16.69 | NT$20.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Paiho Shih Holdings Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.26%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.76x
- Recent ROE (5.57%) is below the historical average (8.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 7.27% | 6.94% | 0.62x | 1.70x | NT$-63.20 Million |
| 2010 | 11.81% | 6.79% | 0.85x | 2.05x | NT$45.19 Million |
| 2011 | 8.03% | 6.69% | 0.77x | 1.57x | NT$-71.11 Million |
| 2012 | 6.42% | 7.59% | 0.59x | 1.44x | NT$-129.40 Million |
| 2013 | 7.44% | 8.68% | 0.59x | 1.45x | NT$-101.20 Million |
| 2014 | 8.91% | 10.25% | 0.56x | 1.56x | NT$-46.24 Million |
| 2015 | 11.70% | 14.59% | 0.51x | 1.56x | NT$73.50 Million |
| 2016 | 11.10% | 13.81% | 0.50x | 1.60x | NT$47.77 Million |
| 2017 | 9.23% | 10.36% | 0.38x | 2.35x | NT$-36.87 Million |
| 2018 | 6.62% | 5.30% | 0.40x | 3.13x | NT$-162.14 Million |
| 2019 | 7.34% | 5.47% | 0.46x | 2.94x | NT$-130.27 Million |
| 2020 | 9.40% | 7.84% | 0.35x | 3.39x | NT$-32.79 Million |
| 2021 | 21.06% | 12.31% | 0.67x | 2.57x | NT$655.84 Million |
| 2022 | 9.98% | 6.88% | 0.45x | 3.19x | NT$-1.24 Million |
| 2023 | -12.98% | -11.90% | 0.29x | 3.71x | NT$-1.11 Billion |
| 2024 | 5.57% | 5.26% | 0.38x | 2.76x | NT$-292.78 Million |
Industry Comparison
This section compares Paiho Shih Holdings Corp's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $23,067,519,889
- Average return on equity (ROE) among peers: 2.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Paiho Shih Holdings Corp (8404) | NT$6.70 Billion | 7.27% | 1.78x | $92.78 Million |
| Victory New Materials Ltd Co (1340) | $1.81 Billion | 28.98% | 0.17x | $23.81 Million |
| Hsinli Chemical Industrial (4303) | $947.35 Million | 14.44% | 0.33x | $147.63 Million |
| Sports Gear Co. Ltd (6768) | $11.15 Billion | 9.40% | 0.60x | $174.21 Million |
| Lai Yih Footwear Co., Ltd. (6890) | $17.01 Billion | 12.14% | 0.37x | $629.39 Million |
| Shui-Mu International Co Ltd (8443) | $1.57 Billion | -3.72% | 0.47x | $14.10 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $6.24 Billion | 12.86% | 0.51x | $475.45 Million |
| Pou Chen Corp (9904) | $158.38 Billion | 8.16% | 0.91x | $1.98 Billion |
| Feng Tay Enterprises Co Ltd (9910) | $10.17 Billion | 9.14% | 0.32x | $1.01 Billion |
| Eminent Luggage Corporation (9950) | $323.66 Million | -69.06% | 12.44x | $16.23 Million |