Kaori Heat Treatment Co Ltd
Kaori Heat Treatment Co., Ltd. engages in the research, development, manufacture, and sale of heat exchanger solutions in Taiwan, the rest of Asia, the United States, Europe, and internationally. The company offers brazed and gasketed plate heat exchangers, methanol fuel cells, hydrogen generators, and automatic methanol mixers; plate heat exchange inverters; brazing and welding products; fuel ce… Read more
Kaori Heat Treatment Co Ltd (8996) - Net Assets
Latest net assets as of September 2025: NT$3.77 Billion TWD
Based on the latest financial reports, Kaori Heat Treatment Co Ltd (8996) has net assets worth NT$3.77 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$7.03 Billion) and total liabilities (NT$3.25 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$3.77 Billion |
| % of Total Assets | 53.69% |
| Annual Growth Rate | 10.71% |
| 5-Year Change | 78.86% |
| 10-Year Change | 85.61% |
| Growth Volatility | 12.8 |
Kaori Heat Treatment Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Kaori Heat Treatment 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 Kaori Heat Treatment Co Ltd (2004–2024)
The table below shows the annual net assets of Kaori Heat Treatment Co Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.44 Billion | +27.12% |
| 2023-12-31 | NT$2.70 Billion | +31.31% |
| 2022-12-31 | NT$2.06 Billion | +9.24% |
| 2021-12-31 | NT$1.88 Billion | -1.92% |
| 2020-12-31 | NT$1.92 Billion | +5.31% |
| 2019-12-31 | NT$1.82 Billion | -1.34% |
| 2018-12-31 | NT$1.85 Billion | +3.37% |
| 2017-12-31 | NT$1.79 Billion | -10.85% |
| 2016-12-31 | NT$2.01 Billion | +8.39% |
| 2015-12-31 | NT$1.85 Billion | +4.08% |
| 2014-12-31 | NT$1.78 Billion | +6.55% |
| 2013-12-31 | NT$1.67 Billion | +21.37% |
| 2012-12-31 | NT$1.38 Billion | +5.06% |
| 2011-12-31 | NT$1.31 Billion | +7.58% |
| 2010-12-31 | NT$1.22 Billion | +42.20% |
| 2009-12-31 | NT$855.99 Million | +20.12% |
| 2008-12-31 | NT$712.62 Million | +2.22% |
| 2007-12-31 | NT$697.17 Million | +25.65% |
| 2006-12-31 | NT$554.85 Million | +19.81% |
| 2005-12-31 | NT$463.12 Million | +3.14% |
| 2004-12-31 | NT$449.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kaori Heat Treatment 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 893.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$956.38 Million | 27.83% |
| Common Stock | NT$914.65 Million | 26.61% |
| Other Comprehensive Income | NT$1.30 Billion | 37.75% |
| Other Components | NT$268.53 Million | 7.81% |
| Total Equity | NT$3.44 Billion | 100.00% |
Kaori Heat Treatment Co Ltd Competitors by Market Cap
The table below lists competitors of Kaori Heat Treatment Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hutchison Port Holdings Trust
PINK:HUPHY
|
$2.08 Billion |
|
Shenergy Co Ltd
SHG:600642
|
$2.08 Billion |
|
Zhejiang JIULI Hi-tech Metals Co Ltd
SHE:002318
|
$2.08 Billion |
|
Shanghai Zhenhua Heavy Industries Co Ltd A
SHG:600320
|
$2.08 Billion |
|
Konica Minolta Inc
PINK:KNCAY
|
$2.08 Billion |
|
Interroll Holding AG
OTCGREY:IRRHF
|
$2.08 Billion |
|
Stelco Holdings Inc
PINK:STZHF
|
$2.08 Billion |
|
Shengda Mining Co Ltd
SHE:000603
|
$2.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kaori Heat Treatment Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,703,682,000 to 3,437,008,000, a change of 733,326,000 (27.1%).
- Net income of 593,044,000 contributed positively to equity growth.
- Dividend payments of 357,536,000 reduced retained earnings.
- Other comprehensive income increased equity by 534,197,001.
- Other factors decreased equity by 36,379,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$593.04 Million | +17.25% |
| Dividends Paid | NT$357.54 Million | -10.4% |
| Other Comprehensive Income | NT$534.20 Million | +15.54% |
| Other Changes | NT$-36.38 Million | -1.06% |
| Total Change | NT$- | 27.12% |
Book Value vs Market Value Analysis
This analysis compares Kaori Heat Treatment 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: 25.01x
- 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 75.01x to 25.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$12.24 | NT$918.00 | x |
| 2010-12-31 | NT$14.66 | NT$918.00 | x |
| 2011-12-31 | NT$15.26 | NT$918.00 | x |
| 2012-12-31 | NT$16.22 | NT$918.00 | x |
| 2013-12-31 | NT$19.33 | NT$918.00 | x |
| 2014-12-31 | NT$19.60 | NT$918.00 | x |
| 2015-12-31 | NT$20.70 | NT$918.00 | x |
| 2016-12-31 | NT$22.17 | NT$918.00 | x |
| 2017-12-31 | NT$20.00 | NT$918.00 | x |
| 2018-12-31 | NT$20.65 | NT$918.00 | x |
| 2019-12-31 | NT$20.39 | NT$918.00 | x |
| 2020-12-31 | NT$21.48 | NT$918.00 | x |
| 2021-12-31 | NT$21.07 | NT$918.00 | x |
| 2022-12-31 | NT$23.02 | NT$918.00 | x |
| 2023-12-31 | NT$30.22 | NT$918.00 | x |
| 2024-12-31 | NT$36.70 | NT$918.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kaori Heat Treatment 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): 17.25%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.81%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.78x
- Recent ROE (17.25%) is above the historical average (9.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 11.29% | 8.09% | 0.77x | 1.81x | NT$5.79 Million |
| 2005 | 9.47% | 6.46% | 0.76x | 1.94x | NT$-2.47 Million |
| 2006 | 14.34% | 9.84% | 0.77x | 1.90x | NT$24.08 Million |
| 2007 | 10.11% | 7.44% | 0.66x | 2.07x | NT$735.60K |
| 2008 | 10.69% | 6.44% | 0.73x | 2.29x | NT$4.89 Million |
| 2009 | -10.58% | -9.90% | 0.55x | 1.93x | NT$-176.13 Million |
| 2010 | 3.43% | 3.38% | 0.63x | 1.61x | NT$-80.02 Million |
| 2011 | 8.46% | 7.00% | 0.74x | 1.63x | NT$-20.18 Million |
| 2012 | 10.10% | 7.59% | 0.79x | 1.69x | NT$1.36 Million |
| 2013 | 9.31% | 6.69% | 0.91x | 1.52x | NT$-11.53 Million |
| 2014 | 11.18% | 8.52% | 0.82x | 1.61x | NT$20.96 Million |
| 2015 | 10.01% | 8.51% | 0.65x | 1.80x | NT$199.40K |
| 2016 | 15.52% | 11.50% | 0.84x | 1.61x | NT$110.72 Million |
| 2017 | 3.14% | 3.16% | 0.50x | 2.01x | NT$-122.80 Million |
| 2018 | 12.42% | 11.89% | 0.70x | 1.49x | NT$44.77 Million |
| 2019 | 8.67% | 7.59% | 0.75x | 1.52x | NT$-24.34 Million |
| 2020 | 5.86% | 5.42% | 0.60x | 1.81x | NT$-79.64 Million |
| 2021 | 7.91% | 6.68% | 0.65x | 1.81x | NT$-39.33 Million |
| 2022 | 14.62% | 10.59% | 0.68x | 2.02x | NT$95.12 Million |
| 2023 | 21.32% | 13.33% | 0.90x | 1.79x | NT$306.16 Million |
| 2024 | 17.25% | 14.81% | 0.66x | 1.78x | NT$249.34 Million |
Industry Comparison
This section compares Kaori Heat Treatment Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $13,532,689,500
- Average return on equity (ROE) among peers: 12.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kaori Heat Treatment Co Ltd (8996) | NT$3.77 Billion | 11.29% | 0.86x | $2.08 Billion |
| TECO Electric & Machinery Co Ltd (1504) | $61.70 Billion | 5.22% | 0.61x | $3.79 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $19.24 Billion | 18.82% | 1.56x | $1.96 Billion |
| Anderson Industrial Corp (1528) | $2.30 Billion | -6.77% | 1.31x | $87.63 Million |
| Awea Mechantronic Co Ltd (1530) | $3.16 Billion | 4.15% | 0.97x | $20.63 Million |
| Kaulin Mfg (1531) | $4.60 Billion | 7.11% | 0.29x | $39.04 Million |
| Chiu Ting Machinery Co Ltd (1539) | $990.48 Million | 22.54% | 1.99x | $14.13 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.20 Billion | 23.81% | 0.57x | $45.90 Million |
| Sinmag Equipment (1580) | $2.98 Billion | 20.23% | 0.34x | $131.61 Million |
| Goodway Machine Corp (1583) | $4.00 Billion | 10.09% | 1.15x | $28.04 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $3.89 Billion |