New Palace International Co Ltd (8940) - Net Assets
Based on the latest financial reports, New Palace International Co Ltd (8940) has net assets worth NT$858.12 Million TWD (≈ $27.04 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$2.16 Billion ≈ $67.97 Million USD) and total liabilities (NT$1.30 Billion ≈ $40.94 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 New Palace International Co Ltd (8940) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$858.12 Million |
| % of Total Assets | 39.77% |
| Annual Growth Rate | 1.63% |
| 5-Year Change | 32.05% |
| 10-Year Change | 4.9% |
| Growth Volatility | 12.26 |
New Palace International Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how New Palace International Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore New Palace International Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for New Palace International Co Ltd (2002–2025)
The table below shows the annual net assets of New Palace International Co Ltd from 2002 to 2025. For live valuation and market cap data, see 8940 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$858.12 Million ≈ $27.04 Million |
+3.71% |
| 2024-12-31 | NT$827.41 Million ≈ $26.07 Million |
+3.32% |
| 2023-12-31 | NT$800.86 Million ≈ $25.23 Million |
+17.16% |
| 2022-12-31 | NT$683.58 Million ≈ $21.54 Million |
+5.19% |
| 2021-12-31 | NT$649.87 Million ≈ $20.47 Million |
-15.75% |
| 2020-12-31 | NT$771.33 Million ≈ $24.30 Million |
-10.75% |
| 2019-12-31 | NT$864.22 Million ≈ $27.23 Million |
-17.29% |
| 2018-12-31 | NT$1.04 Billion ≈ $32.92 Million |
+1.49% |
| 2017-12-31 | NT$1.03 Billion ≈ $32.44 Million |
+25.85% |
| 2016-12-31 | NT$818.01 Million ≈ $25.77 Million |
+1.09% |
| 2015-12-31 | NT$809.23 Million ≈ $25.50 Million |
-2.18% |
| 2014-12-31 | NT$827.23 Million ≈ $26.06 Million |
-9.76% |
| 2013-12-31 | NT$916.71 Million ≈ $28.88 Million |
-12.79% |
| 2012-12-31 | NT$1.05 Billion ≈ $33.12 Million |
-4.34% |
| 2011-12-31 | NT$1.10 Billion ≈ $34.62 Million |
+5.11% |
| 2010-12-31 | NT$1.05 Billion ≈ $32.94 Million |
+13.69% |
| 2009-12-31 | NT$919.56 Million ≈ $28.97 Million |
-2.63% |
| 2008-12-31 | NT$944.43 Million ≈ $29.75 Million |
+36.17% |
| 2007-12-31 | NT$693.57 Million ≈ $21.85 Million |
+3.30% |
| 2006-12-31 | NT$671.42 Million ≈ $21.15 Million |
-1.21% |
| 2005-12-31 | NT$679.62 Million ≈ $21.41 Million |
+7.50% |
| 2004-12-31 | NT$632.19 Million ≈ $19.92 Million |
+4.01% |
| 2003-12-31 | NT$607.81 Million ≈ $19.15 Million |
+2.63% |
| 2002-12-31 | NT$592.25 Million ≈ $18.66 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to New Palace International 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 decreased by 147.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$802.37 Million | 105.26% |
| Total Equity | NT$762.25 Million | 100.00% |
New Palace International Co Ltd Competitors by Market Cap
The table below lists competitors of New Palace International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Endurance Motive S.A.
MC:END
|
$37.22 Million |
|
Virtualware 2007 S.A.
PA:MLVIR
|
$37.22 Million |
|
UPA Corporation Bhd
KLSE:7757
|
$37.22 Million |
|
The Berkeley Group Holdings plc
LSE:BKG
|
$37.23 Million |
|
Ai-Media Technologies Ltd
AU:AIM
|
$37.21 Million |
|
Y-S Electronic Co Ltd
TWO:6418
|
$37.20 Million |
|
Speed Rabbit Pizza SA
PA:MLSRP
|
$37.20 Million |
|
RIT Capital Partners
LSE:RCP
|
$37.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Palace International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 724,530,000 to 762,255,000, a change of 37,725,000 (5.2%).
- Net income of 37,282,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$37.28 Million | +4.89% |
| Other Changes | NT$443.00K | +0.06% |
| Total Change | NT$- | 5.21% |
Book Value vs Market Value Analysis
This analysis compares New Palace International 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: 1.55x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.34x to 1.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$13.08 | NT$17.50 | x |
| 2010-12-31 | NT$13.87 | NT$17.50 | x |
| 2011-12-31 | NT$15.17 | NT$17.50 | x |
| 2012-12-31 | NT$14.59 | NT$17.50 | x |
| 2013-12-31 | NT$12.79 | NT$17.50 | x |
| 2014-12-31 | NT$11.83 | NT$17.50 | x |
| 2015-12-31 | NT$11.84 | NT$17.50 | x |
| 2016-12-31 | NT$12.02 | NT$17.50 | x |
| 2017-12-31 | NT$11.58 | NT$17.50 | x |
| 2018-12-31 | NT$11.14 | NT$17.50 | x |
| 2019-12-31 | NT$10.86 | NT$17.50 | x |
| 2020-12-31 | NT$10.11 | NT$17.50 | x |
| 2021-12-31 | NT$8.38 | NT$17.50 | x |
| 2022-12-31 | NT$8.88 | NT$17.50 | x |
| 2023-12-31 | NT$10.45 | NT$17.50 | x |
| 2024-12-31 | NT$10.84 | NT$17.50 | x |
| 2025-12-31 | NT$11.29 | NT$17.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Palace International 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): 4.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.35%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.83x
- Recent ROE (4.89%) is above the historical average (3.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 13.75% | 9.62% | 0.78x | 1.83x | NT$22.21 Million |
| 2003 | 11.39% | 8.37% | 0.74x | 1.85x | NT$8.47 Million |
| 2004 | 10.38% | 8.33% | 0.72x | 1.74x | NT$2.42 Million |
| 2005 | 13.34% | 10.15% | 0.81x | 1.63x | NT$22.69 Million |
| 2007 | 10.78% | 9.00% | 0.82x | 1.47x | NT$5.41 Million |
| 2008 | 8.64% | 9.38% | 0.72x | 1.28x | NT$-12.84 Million |
| 2009 | 0.88% | 0.92% | 0.70x | 1.37x | NT$-80.60 Million |
| 2010 | 6.87% | 5.06% | 0.85x | 1.59x | NT$-29.30 Million |
| 2011 | 13.52% | 8.11% | 1.05x | 1.59x | NT$36.07 Million |
| 2012 | 9.75% | 6.84% | 0.97x | 1.47x | NT$-2.43 Million |
| 2013 | -4.23% | -2.82% | 0.74x | 2.02x | NT$-122.91 Million |
| 2014 | -9.25% | -4.69% | 0.87x | 2.27x | NT$-153.64 Million |
| 2015 | 0.89% | 0.43% | 1.03x | 2.00x | NT$-72.81 Million |
| 2016 | 3.88% | 2.10% | 0.86x | 2.14x | NT$-49.64 Million |
| 2017 | -3.19% | -1.73% | 0.65x | 2.83x | NT$-103.07 Million |
| 2018 | -4.59% | -2.34% | 0.68x | 2.87x | NT$-109.75 Million |
| 2019 | -0.12% | -0.06% | 0.70x | 2.98x | NT$-74.20 Million |
| 2020 | -8.09% | -5.43% | 0.58x | 2.58x | NT$-123.47 Million |
| 2021 | -21.12% | -17.86% | 0.38x | 3.09x | NT$-176.03 Million |
| 2022 | 3.89% | 2.39% | 0.46x | 3.54x | NT$-36.59 Million |
| 2023 | 15.08% | 6.90% | 0.73x | 3.01x | NT$35.85 Million |
| 2024 | 1.14% | 0.49% | 0.76x | 3.09x | NT$-64.18 Million |
| 2025 | 4.89% | 2.35% | 0.74x | 2.83x | NT$-38.94 Million |
Industry Comparison
This section compares New Palace International Co Ltd's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $2,025,836,200
- Average return on equity (ROE) among peers: 13.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Palace International Co Ltd (8940) | NT$858.12 Million | 13.75% | 1.51x | $37.21 Million |
| An-Shin Food Services Co Ltd (1259) | $2.09 Billion | 4.75% | 1.53x | $58.78 Million |
| Hi-Lai Foods Co Ltd (1268) | $1.06 Billion | 17.06% | 1.29x | $206.19 Million |
| Gourmet Master Co Ltd (2723) | $6.27 Billion | 9.15% | 0.41x | $360.11 Million |
| Yummy Town Cayman Holdings (2726) | $532.09 Million | 13.64% | 1.54x | $12.71 Million |
| Wowprime Corp (2727) | $4.96 Billion | 14.19% | 0.94x | $591.28 Million |
| TTFB Co Ltd (2729) | $443.74 Million | 37.45% | 0.59x | $222.30 Million |
| Mr. Onion (2740) | $196.16 Million | -31.10% | 0.26x | $18.54 Million |
| Tofu Restaurant Co Ltd (2752) | $441.50 Million | 26.09% | 0.34x | $156.01 Million |
| Bafang Yunji Intl Co Ltd (2753) | $3.82 Billion | 15.78% | 0.76x | $372.69 Million |
| Kura Sushi Asia Co Ltd (2754) | $444.43 Million | 24.12% | 0.68x | $101.59 Million |
About New Palace International Co Ltd
New Palace International Co., Ltd. operates restaurants. It provides banquet and catering services. The company also engages in trading of fruit juices, beverages, and frozen food. New Palace International Co., Ltd. was founded in 1945 and is based in Taichung, Taiwan.