Taiwan Cogeneration Corp Net Assets

Latest as of December 2025: NT$15.78 Billion TWD ≈ $497.00 Million USD

Taiwan Cogeneration Corp net assets. Based on the latest financial reports, Taiwan Cogeneration Corp (8926) has net assets worth NT$15.78 Billion TWD (≈ $497.00 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$30.79 Billion ≈ $970.20 Million USD) and total liabilities (NT$15.02 Billion ≈ $473.20 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. Also explore Taiwan Cogeneration Corp (8926) equity growth momentum to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	NT$15.78 Billion
% of Total Assets	51.23%
Annual Growth Rate	6.09%
5-Year Change	31.7%
10-Year Change	35.24%
Growth Volatility	10.17

Net Assets of Taiwan Cogeneration Corp (2002–2025)

Net assets of Taiwan Cogeneration Corp from 2002 to 2025. This chart illustrates how Taiwan Cogeneration Corp's net assets have evolved over time, based on quarterly financial data. See Taiwan Cogeneration Corp net asset quality index to measure how much of total assets are equity-financed.

Annual Net Assets for Taiwan Cogeneration Corp (2002–2025)

The table below shows the annual net assets of Taiwan Cogeneration Corp from 2002 to 2025. For live market cap and overall valuation, see 8926 company net worth.

Year	Net Assets	Change
2025-12-31	NT$15.78 Billion ≈ $497.00 Million	+2.54%
2024-12-31	NT$15.38 Billion ≈ $484.67 Million	-1.31%
2023-12-31	NT$15.59 Billion ≈ $491.10 Million	+31.54%
2022-12-31	NT$11.85 Billion ≈ $373.35 Million	-1.07%
2021-12-31	NT$11.98 Billion ≈ $377.37 Million	-1.74%
2020-12-31	NT$12.19 Billion ≈ $384.04 Million	+0.72%
2019-12-31	NT$12.10 Billion ≈ $381.28 Million	+1.95%
2018-12-31	NT$11.87 Billion ≈ $373.99 Million	-0.06%
2017-12-31	NT$11.88 Billion ≈ $374.23 Million	+1.83%
2016-12-31	NT$11.66 Billion ≈ $367.49 Million	+1.55%
2015-12-31	NT$11.49 Billion ≈ $361.87 Million	+1.14%
2014-12-31	NT$11.36 Billion ≈ $357.79 Million	+10.16%
2013-12-31	NT$10.31 Billion ≈ $324.80 Million	+28.26%
2012-12-31	NT$8.04 Billion ≈ $253.24 Million	-4.20%
2011-12-31	NT$8.39 Billion ≈ $264.34 Million	+8.30%
2010-12-31	NT$7.75 Billion ≈ $244.09 Million	+4.86%
2009-12-31	NT$7.39 Billion ≈ $232.78 Million	+5.11%
2008-12-31	NT$7.03 Billion ≈ $221.46 Million	+22.61%
2007-12-31	NT$5.73 Billion ≈ $180.63 Million	+5.98%
2006-12-31	NT$5.41 Billion ≈ $170.44 Million	+4.89%
2005-12-31	NT$5.16 Billion ≈ $162.50 Million	-0.45%
2004-12-31	NT$5.18 Billion ≈ $163.23 Million	+27.05%
2003-12-31	NT$4.08 Billion ≈ $128.47 Million	+0.63%
2002-12-31	NT$4.05 Billion ≈ $127.66 Million	--

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 301.6% over the analyzed period, indicating profitable operations and earnings retention.

Taiwan Cogeneration Corp Net Assets Breakdown (December 2025)

Taiwan Cogeneration Corp net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	NT$1.96 Billion	12.45%
Common Stock	NT$7.30 Billion	46.29%
Other Comprehensive Income	NT$3.92 Billion	24.84%
Other Components	NT$2.59 Billion	16.41%
Total Equity	NT$15.78 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
Prudent Corporate Advisory Services Limited NSE:PRUDENT	$1.29 Billion
Pearl Abyss Corp KQ:263750	$1.29 Billion
Shandong Gettop Acoustic Co Ltd SHE:002655	$1.29 Billion
Crombie Real Estate Investment Trust TO:CRR-UN	$1.29 Billion
Hefei Jianghang Aircraft Equipment Corporation Ltd SHG:688586	$1.29 Billion
Supreme Electronics Co Ltd TW:8112	$1.29 Billion
Jiangsu Lopal Tech Co Ltd SHG:603906	$1.29 Billion
ROMANDE ENERGIE SA SW:REHN	$1.29 Billion

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 2024 to 2025, total equity changed from 15,383,804,000 to 15,775,023,000, a change of 391,219,000 (2.5%).
Net income of 1,787,857,000 contributed positively to equity growth.
Dividend payments of 1,533,592,000 reduced retained earnings.
Other comprehensive income decreased equity by 184,763,000.
Other factors increased equity by 321,717,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	NT$1.79 Billion	+11.33%
Dividends Paid	NT$1.53 Billion	-9.72%
Other Comprehensive Income	NT$-184.76 Million	-1.17%
Other Changes	NT$321.72 Million	+2.04%
Total Change	NT$-	2.54%

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: 2.53x
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 5.96x to 2.53x 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$54.60	x
2007-12-31	NT$9.65	NT$54.60	x
2008-12-31	NT$11.43	NT$54.60	x
2009-12-31	NT$11.22	NT$54.60	x
2010-12-31	NT$11.76	NT$54.60	x
2011-12-31	NT$12.75	NT$54.60	x
2012-12-31	NT$12.19	NT$54.60	x
2013-12-31	NT$15.67	NT$54.60	x
2014-12-31	NT$17.27	NT$54.60	x
2015-12-31	NT$17.49	NT$54.60	x
2016-12-31	NT$17.76	NT$54.60	x
2017-12-31	NT$18.05	NT$54.60	x
2018-12-31	NT$17.86	NT$54.60	x
2019-12-31	NT$18.21	NT$54.60	x
2020-12-31	NT$18.35	NT$54.60	x
2021-12-31	NT$18.02	NT$54.60	x
2022-12-31	NT$17.80	NT$54.60	x
2023-12-31	NT$22.44	NT$54.60	x
2024-12-31	NT$21.03	NT$54.60	x
2025-12-31	NT$21.62	NT$54.60	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): 11.33%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 23.49%
• Asset Turnover: 0.25x
• Equity Multiplier: 1.95x
Recent ROE (11.33%) is above the historical average (9.51%), indicating improving 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
2025	11.33%	23.49%	0.25x	1.95x	NT$210.35 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: $10,107,190,200
Average return on equity (ROE) among peers: 9.59%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Taiwan Cogeneration Corp (8926)	NT$15.78 Billion	10.88%	0.95x	$1.29 Billion
Tri Ocean Textile Co Ltd (1472)	$2.03 Billion	7.62%	1.24x	$145.69 Million
Evergreen Steel Corp (2211)	$30.95 Billion	11.59%	0.27x	$1.03 Billion
United Integrated Services Co Ltd (2404)	$9.77 Billion	28.36%	1.43x	$5.94 Billion
Long Bon International Co Ltd (2514)	$10.29 Billion	0.07%	34.36x	$126.37 Million
BES Engineering Co (2515)	$18.37 Billion	4.31%	0.99x	$562.30 Million
New Asia Construction & Development Corp (2516)	$1.74 Billion	0.00%	2.47x	$114.06 Million
Kindom Construction Corp (2520)	$12.21 Billion	8.41%	2.20x	$662.25 Million
Delpha Construction Co Ltd (2530)	$3.16 Billion	-1.11%	1.56x	$504.90 Million
Da-Cin Construction Co Ltd (2535)	$5.33 Billion	8.67%	2.07x	$737.74 Million
Hwang Chang General Contractor Co Ltd (2543)	$7.21 Billion	27.97%	1.31x	$548.49 Million

About Taiwan Cogeneration Corp

TW:8926 Taiwan Engineering & Construction

Market Cap

$1.29 Billion

NT$41.08 Billion TWD

Market Cap Rank

#7556 Global

#238 in Taiwan

Share Price

NT$54.60

Change (1 day)

-2.50%

52-Week Range

NT$40.20 - NT$82.20

All Time High

NT$82.20