Cleanaway Co Ltd (8422) - Net Assets
Based on the latest financial reports, Cleanaway Co Ltd (8422) has net assets worth NT$9.52 Billion TWD (≈ $299.85 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$22.29 Billion ≈ $702.29 Million USD) and total liabilities (NT$12.77 Billion ≈ $402.44 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 8422 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$9.52 Billion |
| % of Total Assets | 42.7% |
| Annual Growth Rate | 19.95% |
| 5-Year Change | 56.05% |
| 10-Year Change | 79.58% |
| Growth Volatility | 60.77 |
Cleanaway Co Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Cleanaway Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 8422 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Cleanaway Co Ltd (2009–2025)
The table below shows the annual net assets of Cleanaway Co Ltd from 2009 to 2025. For live valuation and market cap data, see market value of Cleanaway Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$9.52 Billion ≈ $299.85 Million |
+28.86% |
| 2024-12-31 | NT$7.39 Billion ≈ $232.69 Million |
+8.53% |
| 2023-12-31 | NT$6.80 Billion ≈ $214.39 Million |
+3.09% |
| 2022-12-31 | NT$6.60 Billion ≈ $207.97 Million |
+8.23% |
| 2021-12-31 | NT$6.10 Billion ≈ $192.15 Million |
+5.99% |
| 2020-12-31 | NT$5.75 Billion ≈ $181.29 Million |
+1.48% |
| 2019-12-31 | NT$5.67 Billion ≈ $178.64 Million |
+2.46% |
| 2018-12-31 | NT$5.53 Billion ≈ $174.35 Million |
+2.27% |
| 2017-12-31 | NT$5.41 Billion ≈ $170.48 Million |
+2.10% |
| 2016-12-31 | NT$5.30 Billion ≈ $166.97 Million |
+7.01% |
| 2015-12-31 | NT$4.95 Billion ≈ $156.04 Million |
+7.82% |
| 2014-12-31 | NT$4.59 Billion ≈ $144.73 Million |
+3.50% |
| 2013-12-31 | NT$4.44 Billion ≈ $139.83 Million |
-1.64% |
| 2012-12-31 | NT$4.51 Billion ≈ $142.17 Million |
+6.38% |
| 2011-12-31 | NT$4.24 Billion ≈ $133.64 Million |
+163.49% |
| 2010-12-31 | NT$1.61 Billion ≈ $50.72 Million |
+210.70% |
| 2009-12-31 | NT$518.13 Million ≈ $16.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cleanaway 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 1013.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.02 Billion | 35.76% |
| Common Stock | NT$1.14 Billion | 13.46% |
| Other Comprehensive Income | NT$3.79 Billion | 44.92% |
| Other Components | NT$494.12 Million | 5.85% |
| Total Equity | NT$8.44 Billion | 100.00% |
Cleanaway Co Ltd Competitors by Market Cap
The table below lists competitors of Cleanaway Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Verve Therapeutics Inc
NASDAQ:VERV
|
$994.04 Million |
|
Solareast Holdings Co Ltd
SHG:603366
|
$994.63 Million |
|
Shanghai Shibei Hi-Tech Co Ltd A
SHG:600604
|
$994.76 Million |
|
Hunan Changgao High Voltage Switchgear Group Co Ltd
SHE:002452
|
$994.88 Million |
|
Bank Sinarmas Tbk
JK:BSIM
|
$993.55 Million |
|
Soulbrain Holdings Co. Ltd
KQ:036830
|
$993.52 Million |
|
CBL & Associates Properties Inc
NYSE:CBL
|
$993.50 Million |
|
Star Petroleum Refining Co Ltd
BK:SPRC
|
$993.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cleanaway Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,832,968,000 to 8,443,486,999, a change of 1,610,518,999 (23.6%).
- Net income of 1,458,858,000 contributed positively to equity growth.
- Dividend payments of 1,118,824,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,785,737,001.
- Other factors decreased equity by 2,515,252,002.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.46 Billion | +17.28% |
| Dividends Paid | NT$1.12 Billion | -13.25% |
| Other Comprehensive Income | NT$3.79 Billion | +44.84% |
| Other Changes | NT$-2.52 Billion | -29.79% |
| Total Change | NT$- | 23.57% |
Book Value vs Market Value Analysis
This analysis compares Cleanaway 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: 4.40x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.80x to 4.40x 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$1.76 | NT$27.75 | x |
| 2010-12-31 | NT$2.04 | NT$27.75 | x |
| 2011-12-31 | NT$4.20 | NT$27.75 | x |
| 2012-12-31 | NT$4.14 | NT$27.75 | x |
| 2013-12-31 | NT$4.07 | NT$27.75 | x |
| 2014-12-31 | NT$4.21 | NT$27.75 | x |
| 2015-12-31 | NT$4.54 | NT$27.75 | x |
| 2016-12-31 | NT$4.86 | NT$27.75 | x |
| 2017-12-31 | NT$4.96 | NT$27.75 | x |
| 2018-12-31 | NT$5.07 | NT$27.75 | x |
| 2019-12-31 | NT$5.15 | NT$27.75 | x |
| 2020-12-31 | NT$5.23 | NT$27.75 | x |
| 2021-12-31 | NT$5.30 | NT$27.75 | x |
| 2022-12-31 | NT$5.68 | NT$27.75 | x |
| 2023-12-31 | NT$5.02 | NT$27.75 | x |
| 2024-12-31 | NT$5.45 | NT$27.75 | x |
| 2025-12-31 | NT$6.30 | NT$27.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cleanaway 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): 17.28%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.52%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 2.64x
- Recent ROE (17.28%) is below the historical average (25.42%), 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 | 52.34% | 33.31% | 1.21x | 1.29x | NT$219.37 Million |
| 2010 | 31.64% | 39.68% | 0.66x | 1.22x | NT$348.37 Million |
| 2011 | 31.04% | 56.67% | 0.50x | 1.09x | NT$892.33 Million |
| 2012 | 32.26% | 55.60% | 0.54x | 1.08x | NT$1.00 Billion |
| 2013 | 28.12% | 53.27% | 0.47x | 1.13x | NT$804.38 Million |
| 2014 | 22.35% | 48.23% | 0.41x | 1.13x | NT$567.31 Million |
| 2015 | 24.88% | 44.80% | 0.47x | 1.17x | NT$736.97 Million |
| 2016 | 27.19% | 46.15% | 0.52x | 1.13x | NT$911.07 Million |
| 2017 | 25.20% | 48.95% | 0.46x | 1.12x | NT$822.38 Million |
| 2018 | 23.86% | 38.89% | 0.50x | 1.23x | NT$767.23 Million |
| 2019 | 20.95% | 43.56% | 0.38x | 1.26x | NT$616.19 Million |
| 2020 | 20.60% | 43.92% | 0.38x | 1.25x | NT$605.67 Million |
| 2021 | 19.95% | 38.15% | 0.39x | 1.34x | NT$575.11 Million |
| 2022 | 21.36% | 25.61% | 0.42x | 2.00x | NT$714.32 Million |
| 2023 | 15.89% | 23.30% | 0.28x | 2.45x | NT$368.46 Million |
| 2024 | 17.15% | 22.68% | 0.26x | 2.93x | NT$488.84 Million |
| 2025 | 17.28% | 30.52% | 0.21x | 2.64x | NT$614.51 Million |
Industry Comparison
This section compares Cleanaway Co Ltd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $2,845,194,500
- Average return on equity (ROE) among peers: 8.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cleanaway Co Ltd (8422) | NT$9.52 Billion | 52.34% | 1.34x | $993.87 Million |
| Taiwan Steel Union Co Ltd (6581) | $4.11 Billion | 12.27% | 0.11x | $376.86 Million |
| ECOVE Environment Corp (6803) | $1.51 Billion | 22.43% | 1.51x | $660.36 Million |
| Sunny Friend Environmental Technology Co Ltd (8341) | $1.19 Billion | 7.51% | 1.16x | $305.95 Million |
| Jiin Yeeh Ding Enterprise Co Ltd (8390) | $1.81 Billion | 0.62% | 0.54x | $258.61 Million |
| E&E Recycling (8440) | $616.58 Million | 8.12% | 0.26x | $33.80 Million |
| Forest Water Environmental Eng Co Ltd (8473) | $7.83 Billion | 2.13% | 1.00x | $204.55 Million |
About Cleanaway Co Ltd
Cleanaway Company Limited operates as an intermediate treatment solidification company in the waste disposal process in Taiwan, Mainland China, Vietnam, Malaysia, and internationally. It operates through eight segments: Solidification and Excavation Department, Landfill Department, Transportation Department, Mainland Business Department, Investment Department, Papermaking Department, Power Sales … Read more