Forest Water Environmental Eng Co Ltd
Forest Water Environmental Engineering Co., Ltd. engages in environmental engineering business in Taiwan. The company is involved in the operation and management of sewage treatment plants, recycling plants, desalination plants, and others. The company also provides design, construction, operation, and maintenance services for seawater desalination engineering technology and equipment; engineerin… Read more
Forest Water Environmental Eng Co Ltd (8473) - Net Assets
Latest net assets as of September 2025: NT$8.06 Billion TWD
Based on the latest financial reports, Forest Water Environmental Eng Co Ltd (8473) has net assets worth NT$8.06 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$16.16 Billion) and total liabilities (NT$8.10 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$8.06 Billion |
| % of Total Assets | 49.88% |
| Annual Growth Rate | 5.42% |
| 5-Year Change | 8.53% |
| 10-Year Change | 41.38% |
| Growth Volatility | 5.61 |
Forest Water Environmental Eng Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Forest Water Environmental Eng Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Forest Water Environmental Eng Co Ltd (2012–2024)
The table below shows the annual net assets of Forest Water Environmental Eng Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.83 Billion | +5.02% |
| 2023-12-31 | NT$7.46 Billion | +7.42% |
| 2022-12-31 | NT$6.94 Billion | -5.67% |
| 2021-12-31 | NT$7.36 Billion | +1.99% |
| 2020-12-31 | NT$7.22 Billion | +0.92% |
| 2019-12-31 | NT$7.15 Billion | +3.12% |
| 2018-12-31 | NT$6.94 Billion | +3.29% |
| 2017-12-31 | NT$6.71 Billion | +5.21% |
| 2016-12-31 | NT$6.38 Billion | +15.18% |
| 2015-12-31 | NT$5.54 Billion | +4.87% |
| 2014-12-31 | NT$5.28 Billion | +10.87% |
| 2013-12-31 | NT$4.77 Billion | +14.56% |
| 2012-12-31 | NT$4.16 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forest Water Environmental Eng 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 87.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$167.33 Million | 2.55% |
| Common Stock | NT$1.81 Billion | 27.56% |
| Other Comprehensive Income | NT$-58.16 Million | -0.89% |
| Other Components | NT$4.64 Billion | 70.78% |
| Total Equity | NT$6.56 Billion | 100.00% |
Forest Water Environmental Eng Co Ltd Competitors by Market Cap
The table below lists competitors of Forest Water Environmental Eng Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eliem Therapeutics Inc
NASDAQ:ELYM
|
$81.07 Million |
|
Emerging Display Technologies Corp
TW:3038
|
$81.09 Million |
|
F3 Uranium Corp.
OTCQB:FUUFF
|
$81.10 Million |
|
Elektrotim SA
WAR:ELT
|
$81.11 Million |
|
FOCUSRITE PLC LS -001
F:0FO
|
$81.07 Million |
|
Indoco Remedies Limited
NSE:INDOCO
|
$81.05 Million |
|
Amulaire Thermal Technology
TW:2241
|
$81.04 Million |
|
Havilah Resources Ltd
AU:HAV
|
$81.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forest Water Environmental Eng Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,786,567,000 to 6,561,947,000, a change of 775,380,000 (13.4%).
- Net income of 167,187,000 contributed positively to equity growth.
- Dividend payments of 261,327,000 reduced retained earnings.
- Other comprehensive income decreased equity by 405,243,999.
- Other factors increased equity by 1,274,763,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$167.19 Million | +2.55% |
| Dividends Paid | NT$261.33 Million | -3.98% |
| Other Comprehensive Income | NT$-405.24 Million | -6.18% |
| Other Changes | NT$1.27 Billion | +19.43% |
| Total Change | NT$- | 13.40% |
Book Value vs Market Value Analysis
This analysis compares Forest Water Environmental Eng 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: 1.16x
- 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 1.44x to 1.16x 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$28.07 | NT$40.35 | x |
| 2013-12-31 | NT$37.83 | NT$40.35 | x |
| 2014-12-31 | NT$39.22 | NT$40.35 | x |
| 2015-12-31 | NT$38.69 | NT$40.35 | x |
| 2016-12-31 | NT$41.82 | NT$40.35 | x |
| 2017-12-31 | NT$38.99 | NT$40.35 | x |
| 2018-12-31 | NT$39.73 | NT$40.35 | x |
| 2019-12-31 | NT$36.76 | NT$40.35 | x |
| 2020-12-31 | NT$36.79 | NT$40.35 | x |
| 2021-12-31 | NT$35.52 | NT$40.35 | x |
| 2022-12-31 | NT$36.75 | NT$40.35 | x |
| 2023-12-31 | NT$33.48 | NT$40.35 | x |
| 2024-12-31 | NT$34.89 | NT$40.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forest Water Environmental Eng Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.94%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 2.39x
- Recent ROE (2.55%) is below the historical average (4.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 1.86% | 7.86% | 0.09x | 2.52x | NT$-274.39 Million |
| 2013 | 2.72% | 7.16% | 0.17x | 2.18x | NT$-285.13 Million |
| 2014 | 6.74% | 19.99% | 0.16x | 2.07x | NT$-145.15 Million |
| 2015 | 7.31% | 22.08% | 0.17x | 2.00x | NT$-126.66 Million |
| 2016 | 8.81% | 21.52% | 0.22x | 1.83x | NT$-66.15 Million |
| 2017 | 7.45% | 14.98% | 0.24x | 2.10x | NT$-140.92 Million |
| 2018 | 6.52% | 8.09% | 0.34x | 2.39x | NT$-195.61 Million |
| 2019 | 7.28% | 9.29% | 0.31x | 2.54x | NT$-154.52 Million |
| 2020 | 4.67% | 5.90% | 0.28x | 2.82x | NT$-301.59 Million |
| 2021 | 5.90% | 8.52% | 0.25x | 2.73x | NT$-235.00 Million |
| 2022 | -3.19% | -4.31% | 0.26x | 2.90x | NT$-698.97 Million |
| 2023 | 0.69% | 1.08% | 0.24x | 2.67x | NT$-538.91 Million |
| 2024 | 2.55% | 4.94% | 0.22x | 2.39x | NT$-489.01 Million |
Industry Comparison
This section compares Forest Water Environmental Eng Co Ltd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $1,879,958,200
- Average return on equity (ROE) among peers: 11.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forest Water Environmental Eng Co Ltd (8473) | NT$8.06 Billion | 1.86% | 1.00x | $81.07 Million |
| Taiwan Steel Union Co Ltd (6581) | $4.33 Billion | 22.73% | 0.14x | $51.95 Million |
| Ever-Clear Environmental Eng. Corp. (6624) | $298.39 Million | 0.25% | 1.76x | $22.95 Million |
| Ping Ho Environmental Technology Co., Ltd. (6771) | $869.78 Million | 13.60% | 0.55x | $30.63 Million |
| ECOVE Environment Corp (6803) | $5.26 Billion | 16.11% | 0.39x | $305.16 Million |
| Chyunn Environment Corporation (6911) | $373.76 Million | 13.28% | 0.49x | $8.87K |
| Techzone Technology Materials Co., Ltd. (6947) | $384.05 Million | 10.37% | 1.62x | $115.78 Million |
| Chin Hsin Environ Engineering Co., Ltd. (6951) | $194.12 Million | 18.31% | 1.55x | $37.68 Million |
| Enrestec Inc. (7507) | $1.45 Billion | 8.42% | 0.54x | $31.28 Million |
| Revivegen Co., Ltd. (7578) | $366.82 Million | 3.07% | 1.12x | $28.10 Million |
| Sunny Friend Environmental Technology Co Ltd (8341) | $5.27 Billion | 7.76% | 0.97x | $168.01 Million |