Paiho Shih Holdings Corp (8404) - Net Assets
Based on the latest financial reports, Paiho Shih Holdings Corp (8404) has net assets worth NT$7.20 Billion TWD (≈ $226.92 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$20.05 Billion ≈ $631.62 Million USD) and total liabilities (NT$12.85 Billion ≈ $404.71 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 8404 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$7.20 Billion |
| % of Total Assets | 35.93% |
| Annual Growth Rate | 6.92% |
| 5-Year Change | 21.49% |
| 10-Year Change | 54.03% |
| Growth Volatility | 13.95 |
Paiho Shih Holdings Corp - Net Assets Trend (2009–2025)
This chart illustrates how Paiho Shih Holdings Corp's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Paiho Shih Holdings Corp for the complete picture of this company's asset base.
Annual Net Assets for Paiho Shih Holdings Corp (2009–2025)
The table below shows the annual net assets of Paiho Shih Holdings Corp from 2009 to 2025. For live valuation and market cap data, see how much is Paiho Shih Holdings Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$7.20 Billion ≈ $226.92 Million |
+8.94% |
| 2024-12-31 | NT$6.61 Billion ≈ $208.30 Million |
+36.82% |
| 2023-12-31 | NT$4.83 Billion ≈ $152.24 Million |
-13.25% |
| 2022-12-31 | NT$5.57 Billion ≈ $175.50 Million |
-6.04% |
| 2021-12-31 | NT$5.93 Billion ≈ $186.78 Million |
-0.32% |
| 2020-12-31 | NT$5.95 Billion ≈ $187.39 Million |
+11.75% |
| 2019-12-31 | NT$5.32 Billion ≈ $167.68 Million |
+2.42% |
| 2018-12-31 | NT$5.20 Billion ≈ $163.72 Million |
+1.27% |
| 2017-12-31 | NT$5.13 Billion ≈ $161.67 Million |
+9.74% |
| 2016-12-31 | NT$4.68 Billion ≈ $147.32 Million |
+0.10% |
| 2015-12-31 | NT$4.67 Billion ≈ $147.16 Million |
+3.11% |
| 2014-12-31 | NT$4.53 Billion ≈ $142.73 Million |
+7.22% |
| 2013-12-31 | NT$4.23 Billion ≈ $133.12 Million |
+9.66% |
| 2012-12-31 | NT$3.85 Billion ≈ $121.39 Million |
+0.15% |
| 2011-12-31 | NT$3.85 Billion ≈ $121.21 Million |
+44.33% |
| 2010-12-31 | NT$2.67 Billion ≈ $83.98 Million |
+8.04% |
| 2009-12-31 | NT$2.47 Billion ≈ $77.73 Million |
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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 294.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.71 Billion | 23.80% |
| Common Stock | NT$4.20 Billion | 58.31% |
| Other Comprehensive Income | NT$272.92 Million | 3.79% |
| Other Components | NT$1.02 Billion | 14.10% |
| Total Equity | NT$7.20 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 |
|---|---|
|
Acsion Ltd
JSE:ACS
|
$222.29 Million |
|
TTFB Co Ltd
TWO:2729
|
$222.30 Million |
|
Kinnevik Investment AB ser. A
ST:KINV-A
|
$222.30 Million |
|
KOSKISEN OYJ EO 1
F:EZ8
|
$222.48 Million |
|
Metemtur Yatırım Enerji Turizm ve İnşaat A.Ş.
IS:METUR
|
$222.26 Million |
|
Brightcom Group Limited
NSE:BCG
|
$222.22 Million |
|
Sonix Technology Co Ltd
TW:5471
|
$222.14 Million |
|
Prim S.A.
MC:PRM
|
$222.08 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 2024 to 2025, total equity changed from 6,610,965,000 to 7,201,852,000, a change of 590,887,000 (8.9%).
- Net income of 601,631,000 contributed positively to equity growth.
- Dividend payments of 59,991,000 reduced retained earnings.
- Other comprehensive income increased equity by 51,913,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$601.63 Million | +8.35% |
| Dividends Paid | NT$59.99 Million | -0.83% |
| Other Comprehensive Income | NT$51.91 Million | +0.72% |
| Other Changes | NT$-2.67 Million | -0.04% |
| Total Change | NT$- | 8.94% |
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: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.53x to 0.98x 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$16.80 | x |
| 2010-12-31 | NT$7.79 | NT$16.80 | x |
| 2011-12-31 | NT$10.91 | NT$16.80 | x |
| 2012-12-31 | NT$10.36 | NT$16.80 | x |
| 2013-12-31 | NT$11.62 | NT$16.80 | x |
| 2014-12-31 | NT$12.42 | NT$16.80 | x |
| 2015-12-31 | NT$12.73 | NT$16.80 | x |
| 2016-12-31 | NT$12.74 | NT$16.80 | x |
| 2017-12-31 | NT$13.99 | NT$16.80 | x |
| 2018-12-31 | NT$14.10 | NT$16.80 | x |
| 2019-12-31 | NT$14.38 | NT$16.80 | x |
| 2020-12-31 | NT$16.04 | NT$16.80 | x |
| 2021-12-31 | NT$17.40 | NT$16.80 | x |
| 2022-12-31 | NT$16.35 | NT$16.80 | x |
| 2023-12-31 | NT$14.60 | NT$16.80 | x |
| 2024-12-31 | NT$16.69 | NT$16.80 | x |
| 2025-12-31 | NT$17.12 | NT$16.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Paiho Shih Holdings Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.94%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.78x
- Recent ROE (8.35%) is above the historical average (8.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 7.27% | 6.94% | 0.62x | 1.70x | NT$-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 |
| 2025 | 8.35% | 7.94% | 0.38x | 2.78x | NT$-118.55 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: $38,092,221,000
- Average return on equity (ROE) among peers: 1.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Paiho Shih Holdings Corp (8404) | NT$7.20 Billion | 7.27% | 1.78x | $222.27 Million |
| Victory New Materials Ltd Co (1340) | $2.61 Billion | -15.28% | 0.13x | $27.80 Million |
| Hsinli Chemical Industrial (4303) | $829.25 Million | -4.97% | 0.74x | $160.65 Million |
| Sports Gear Co. Ltd (6768) | $12.06 Billion | 5.37% | 0.37x | $492.35 Million |
| Shui-Mu International Co Ltd (8443) | $1.57 Billion | -3.72% | 0.47x | $24.94 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $5.51 Billion | 2.09% | 0.61x | $490.76 Million |
| Pou Chen Corp (9904) | $224.20 Billion | 5.38% | 0.59x | $2.39 Billion |
| Feng Tay Enterprises Co Ltd (9910) | $19.87 Billion | 22.86% | 1.36x | $2.18 Billion |
About Paiho Shih Holdings Corp
Paiho Shih Holdings Corporation, through its subsidiaries, engages in the production and sale of touch fastener, webbing, elastic, and jacquard engineered mesh products in China and Vietnam. The company offers touch fastener, easy tapes, and adhesive tapes; and elastic series, including elastic-knitting, webbing-woven, and braided elastic drawcord series. It also provides webbing-knitting and web… Read more