Taiwan Cogeneration Corp
Taiwan Cogeneration Corporation, together with its subsidiaries, engages in the operation and management of cogeneration plants in Taiwan. It operates through Guantian Cogeneration Plant, and Construction and Consulting Services segments. The company is also involved in the engineering, planning, design, procurement, installation, construction, and financing planning of cogeneration plants; and e… Read more
Taiwan Cogeneration Corp (8926) - Net Assets
Latest net assets as of September 2025: NT$15.36 Billion TWD
Based on the latest financial reports, Taiwan Cogeneration Corp (8926) has net assets worth NT$15.36 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$30.54 Billion) and total liabilities (NT$15.18 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$15.36 Billion |
| % of Total Assets | 50.29% |
| Annual Growth Rate | 6.25% |
| 5-Year Change | 26.2% |
| 10-Year Change | 33.94% |
| Growth Volatility | 10.36 |
Taiwan Cogeneration Corp - Net Assets Trend (2002–2024)
This chart illustrates how Taiwan Cogeneration 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 Taiwan Cogeneration Corp (2002–2024)
The table below shows the annual net assets of Taiwan Cogeneration Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$15.38 Billion | -1.31% |
| 2023-12-31 | NT$15.59 Billion | +31.54% |
| 2022-12-31 | NT$11.85 Billion | -1.07% |
| 2021-12-31 | NT$11.98 Billion | -1.74% |
| 2020-12-31 | NT$12.19 Billion | +0.72% |
| 2019-12-31 | NT$12.10 Billion | +1.95% |
| 2018-12-31 | NT$11.87 Billion | -0.06% |
| 2017-12-31 | NT$11.88 Billion | +1.83% |
| 2016-12-31 | NT$11.66 Billion | +1.55% |
| 2015-12-31 | NT$11.49 Billion | +1.14% |
| 2014-12-31 | NT$11.36 Billion | +10.16% |
| 2013-12-31 | NT$10.31 Billion | +28.26% |
| 2012-12-31 | NT$8.04 Billion | -4.20% |
| 2011-12-31 | NT$8.39 Billion | +8.30% |
| 2010-12-31 | NT$7.75 Billion | +4.86% |
| 2009-12-31 | NT$7.39 Billion | +5.11% |
| 2008-12-31 | NT$7.03 Billion | +22.61% |
| 2007-12-31 | NT$5.73 Billion | +5.98% |
| 2006-12-31 | NT$5.41 Billion | +4.89% |
| 2005-12-31 | NT$5.16 Billion | -0.45% |
| 2004-12-31 | NT$5.18 Billion | +27.05% |
| 2003-12-31 | NT$4.08 Billion | +0.63% |
| 2002-12-31 | NT$4.05 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Cogeneration 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 183.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.39 Billion | 9.02% |
| Common Stock | NT$7.30 Billion | 47.47% |
| Other Comprehensive Income | NT$4.10 Billion | 26.67% |
| Other Components | NT$2.59 Billion | 16.83% |
| Total Equity | NT$15.38 Billion | 100.00% |
Taiwan Cogeneration Corp Competitors by Market Cap
The table below lists competitors of Taiwan Cogeneration Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lihuayi Weiyuan Chemical Co Ltd
SHG:600955
|
$636.24 Million |
|
Jiangsu Dagang Co Ltd
SHE:002077
|
$636.37 Million |
|
Avid Bioservices Inc
NASDAQ:CDMO
|
$636.51 Million |
|
HannStar Board Corp
TW:5469
|
$636.58 Million |
|
Craneware plc
PINK:CRWRF
|
$636.02 Million |
|
HANA Micron Inc
KQ:067310
|
$635.97 Million |
|
Driven Brands Holdings Inc
NASDAQ:DRVN
|
$635.67 Million |
|
Xiamen Intretech Inc Class A
SHE:002925
|
$635.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Cogeneration Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,449,572,000 to 15,383,804,000, a change of -65,768,000 (-0.4%).
- Net income of 1,349,638,000 contributed positively to equity growth.
- Dividend payments of 1,409,444,000 reduced retained earnings.
- Other comprehensive income decreased equity by 184,127,000.
- Other factors increased equity by 178,165,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.35 Billion | +8.77% |
| Dividends Paid | NT$1.41 Billion | -9.16% |
| Other Comprehensive Income | NT$-184.13 Million | -1.2% |
| Other Changes | NT$178.16 Million | +1.16% |
| Total Change | NT$- | -0.43% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Cogeneration 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: 2.19x
- 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 5.03x to 2.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$9.16 | NT$46.10 | x |
| 2007-12-31 | NT$9.65 | NT$46.10 | x |
| 2008-12-31 | NT$11.43 | NT$46.10 | x |
| 2009-12-31 | NT$11.22 | NT$46.10 | x |
| 2010-12-31 | NT$11.76 | NT$46.10 | x |
| 2011-12-31 | NT$12.75 | NT$46.10 | x |
| 2012-12-31 | NT$12.19 | NT$46.10 | x |
| 2013-12-31 | NT$15.67 | NT$46.10 | x |
| 2014-12-31 | NT$17.27 | NT$46.10 | x |
| 2015-12-31 | NT$17.49 | NT$46.10 | x |
| 2016-12-31 | NT$17.76 | NT$46.10 | x |
| 2017-12-31 | NT$18.05 | NT$46.10 | x |
| 2018-12-31 | NT$17.86 | NT$46.10 | x |
| 2019-12-31 | NT$18.21 | NT$46.10 | x |
| 2020-12-31 | NT$18.35 | NT$46.10 | x |
| 2021-12-31 | NT$18.02 | NT$46.10 | x |
| 2022-12-31 | NT$17.80 | NT$46.10 | x |
| 2023-12-31 | NT$22.44 | NT$46.10 | x |
| 2024-12-31 | NT$21.03 | NT$46.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Cogeneration 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): 8.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.78%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.77x
- Recent ROE (8.77%) is below the historical average (9.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 10.88% | 9.30% | 0.53x | 2.19x | NT$35.56 Million |
| 2003 | 8.64% | 8.80% | 0.47x | 2.10x | NT$-55.28 Million |
| 2004 | 12.98% | 36.66% | 0.21x | 1.68x | NT$154.25 Million |
| 2005 | 6.42% | 10.24% | 0.34x | 1.86x | NT$-184.23 Million |
| 2006 | 10.31% | 15.87% | 0.35x | 1.84x | NT$16.57 Million |
| 2007 | 6.70% | 7.63% | 0.46x | 1.89x | NT$-188.71 Million |
| 2008 | 12.43% | 11.17% | 0.59x | 1.89x | NT$170.76 Million |
| 2009 | 13.39% | 15.42% | 0.51x | 1.70x | NT$250.70 Million |
| 2010 | 11.93% | 42.85% | 0.19x | 1.47x | NT$149.18 Million |
| 2011 | 12.37% | 37.26% | 0.22x | 1.50x | NT$198.55 Million |
| 2012 | 6.58% | 15.98% | 0.27x | 1.52x | NT$-275.21 Million |
| 2013 | 7.43% | 28.66% | 0.19x | 1.34x | NT$-264.86 Million |
| 2014 | 15.22% | 104.68% | 0.11x | 1.37x | NT$592.80 Million |
| 2015 | 9.25% | 68.65% | 0.10x | 1.30x | NT$-86.69 Million |
| 2016 | 8.14% | 80.56% | 0.08x | 1.29x | NT$-217.46 Million |
| 2017 | 8.20% | 80.36% | 0.08x | 1.29x | NT$-213.98 Million |
| 2018 | 5.73% | 17.63% | 0.23x | 1.43x | NT$-500.89 Million |
| 2019 | 9.18% | 15.28% | 0.35x | 1.71x | NT$-98.46 Million |
| 2020 | 8.87% | 11.47% | 0.41x | 1.91x | NT$-136.51 Million |
| 2021 | 7.59% | 14.01% | 0.27x | 2.03x | NT$-285.26 Million |
| 2022 | 7.75% | 19.42% | 0.19x | 2.14x | NT$-262.57 Million |
| 2023 | 8.11% | 23.41% | 0.20x | 1.69x | NT$-292.68 Million |
| 2024 | 8.77% | 14.78% | 0.33x | 1.77x | NT$-188.74 Million |
Industry Comparison
This section compares Taiwan Cogeneration Corp's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,170,391,600
- Average return on equity (ROE) among peers: 6.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Cogeneration Corp (8926) | NT$15.36 Billion | 10.88% | 0.99x | $636.05 Million |
| Tri Ocean Textile Co Ltd (1472) | $333.36 Million | -10.62% | 2.04x | $47.78 Million |
| Ju-Kao Engineering Co., Ltd. (1594) | $297.75 Million | -0.44% | 0.99x | $1.54 Million |
| United Integrated Services Co Ltd (2404) | $6.61 Billion | 18.38% | 1.52x | $4.54 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $63.02 Million |
| BES Engineering Co (2515) | $19.46 Billion | 1.31% | 1.00x | $632.27 Million |
| New Asia Construction & Development Corp (2516) | $2.41 Billion | 2.77% | 2.80x | $83.75 Million |
| Delpha Construction Co Ltd (2530) | $3.35 Billion | 17.30% | 0.87x | $263.82 Million |
| Da-Cin Construction Co Ltd (2535) | $7.35 Billion | 8.58% | 1.32x | $428.26 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.87 Billion | 14.12% | 1.47x | $514.98 Million |
| Kedge Construction Co Ltd (2546) | $1.88 Billion | 6.30% | 1.33x | $163.03 Million |