Taiwan Cogeneration Corp (8926) - Net Assets

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

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. Check Taiwan Cogeneration Corp (8926) tangible net worth to evaluate the tangible quality of the company's equity base.

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

Taiwan Cogeneration Corp - Net Assets Trend (2002–2025)

This chart illustrates how Taiwan Cogeneration Corp's net assets have evolved over time, based on quarterly financial data. See Taiwan Cogeneration Corp defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

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 valuation and market cap data, see 8926 stock market capitalisation.

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.

Current Equity Component Breakdown (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
AG Anadolu Group Holding
IS:AGHOL
 $1.87 Billion
Charter Hall Long Wale REIT
AU:CLW
 $1.87 Billion
Ningbo PIA Automation Holding Corp. A
SHG:688306
 $1.87 Billion
Anhui Anke BioTech Group
SHE:300009
 $1.88 Billion
Sichuan Anning Iron and Titanium Co
SHE:002978
 $1.87 Billion
CSC Financial Co. Ltd
F:CS0
 $1.87 Billion
CIE Automotive India Limited
NSE:CIEINDIA
 $1.87 Billion
Dalian Zeus Entertainment
SHE:002354
 $1.87 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: 3.65x
  • 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 8.62x to 3.65x 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$79.00 x
2007-12-31 NT$9.65 NT$79.00 x
2008-12-31 NT$11.43 NT$79.00 x
2009-12-31 NT$11.22 NT$79.00 x
2010-12-31 NT$11.76 NT$79.00 x
2011-12-31 NT$12.75 NT$79.00 x
2012-12-31 NT$12.19 NT$79.00 x
2013-12-31 NT$15.67 NT$79.00 x
2014-12-31 NT$17.27 NT$79.00 x
2015-12-31 NT$17.49 NT$79.00 x
2016-12-31 NT$17.76 NT$79.00 x
2017-12-31 NT$18.05 NT$79.00 x
2018-12-31 NT$17.86 NT$79.00 x
2019-12-31 NT$18.21 NT$79.00 x
2020-12-31 NT$18.35 NT$79.00 x
2021-12-31 NT$18.02 NT$79.00 x
2022-12-31 NT$17.80 NT$79.00 x
2023-12-31 NT$22.44 NT$79.00 x
2024-12-31 NT$21.03 NT$79.00 x
2025-12-31 NT$21.62 NT$79.00 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: $6,800,736,900
  • Average return on equity (ROE) among peers: 3.67%

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 $1.87 Billion
Tri Ocean Textile Co Ltd (1472) $675.73 Million -29.94% 1.36x $150.48 Million
United Integrated Services Co Ltd (2404) $4.10 Billion 7.78% 0.84x $7.52 Billion
Long Bon International Co Ltd (2514) $8.55 Billion 4.59% 0.60x $154.57 Million
BES Engineering Co (2515) $22.93 Billion 11.67% 1.10x $676.28 Million
New Asia Construction & Development Corp (2516) $2.83 Billion -1.22% 2.28x $95.17 Million
Kindom Construction Corp (2520) $8.03 Billion 4.00% 1.08x $676.18 Million
Delpha Construction Co Ltd (2530) $10.52 Billion 4.29% 0.93x $530.08 Million
Da-Cin Construction Co Ltd (2535) $6.54 Billion 8.35% 1.71x $767.22 Million
Hwang Chang General Contractor Co Ltd (2543) $2.73 Billion 4.16% 0.92x $734.35 Million
Kedge Construction Co Ltd (2546) $1.10 Billion 23.06% 1.75x $396.42 Million

About Taiwan Cogeneration Corp

TW:8926 Taiwan Engineering & Construction
Market Cap
$1.87 Billion
NT$59.44 Billion TWD
Market Cap Rank
#6529 Global
#202 in Taiwan
Share Price
NT$79.00
Change (1 day)
-0.50%
52-Week Range
NT$40.20 - NT$79.40
All Time High
NT$79.40
Categories
Companies in Taiwan Engineering & Construction
About

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