Pou Chen Corp
Pou Chen Corporation designs, manufactures, and sells various shoes in Taiwan and internationally. It offers athletic and casual footwear, and sports apparel and accessories; operates entertainment and resort; imports and exports shoe related materials; operates agency of land demarcation; leases and sells real estate; and invests in footwear, electronic, and peripheral products. The company also… Read more
Pou Chen Corp (9904) - Net Assets
Latest net assets as of September 2025: NT$213.54 Billion TWD
Based on the latest financial reports, Pou Chen Corp (9904) has net assets worth NT$213.54 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$346.18 Billion) and total liabilities (NT$132.64 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$213.54 Billion |
| % of Total Assets | 61.68% |
| Annual Growth Rate | 11.16% |
| 5-Year Change | 11.88% |
| 10-Year Change | 45.44% |
| Growth Volatility | 18.96 |
Pou Chen Corp - Net Assets Trend (2000–2024)
This chart illustrates how Pou Chen 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 Pou Chen Corp (2000–2024)
The table below shows the annual net assets of Pou Chen Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$225.14 Billion | +11.09% |
| 2023-12-31 | NT$202.66 Billion | +11.28% |
| 2022-12-31 | NT$182.13 Billion | -12.23% |
| 2021-12-31 | NT$207.50 Billion | +3.11% |
| 2020-12-31 | NT$201.24 Billion | +5.99% |
| 2019-12-31 | NT$189.87 Billion | +24.75% |
| 2018-12-31 | NT$152.20 Billion | -3.90% |
| 2017-12-31 | NT$158.38 Billion | -2.84% |
| 2016-12-31 | NT$163.01 Billion | +5.30% |
| 2015-12-31 | NT$154.80 Billion | +1.76% |
| 2014-12-31 | NT$152.13 Billion | +10.54% |
| 2013-12-31 | NT$137.62 Billion | +3.30% |
| 2012-12-31 | NT$133.23 Billion | +5.48% |
| 2011-12-31 | NT$126.30 Billion | +10.85% |
| 2010-12-31 | NT$113.94 Billion | -3.25% |
| 2009-12-31 | NT$117.77 Billion | +11.38% |
| 2008-12-31 | NT$105.74 Billion | +15.40% |
| 2007-12-31 | NT$91.62 Billion | +19.32% |
| 2006-12-31 | NT$76.79 Billion | +11.87% |
| 2005-12-31 | NT$68.65 Billion | +13.17% |
| 2004-12-31 | NT$60.66 Billion | +89.87% |
| 2003-12-31 | NT$31.95 Billion | +20.04% |
| 2002-12-31 | NT$26.62 Billion | +9.79% |
| 2001-12-31 | NT$24.24 Billion | +36.28% |
| 2000-12-31 | NT$17.79 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pou Chen 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 1036.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$38.72 Billion | 27.43% |
| Common Stock | NT$29.47 Billion | 20.87% |
| Other Comprehensive Income | NT$69.97 Billion | 49.55% |
| Other Components | NT$3.04 Billion | 2.15% |
| Total Equity | NT$141.20 Billion | 100.00% |
Pou Chen Corp Competitors by Market Cap
The table below lists competitors of Pou Chen Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mobimo Holding AG
LSE:0QQY
|
$1.98 Billion |
|
SIGMASTAR TECH LTD
SHE:301536
|
$1.98 Billion |
|
Sime Darby Bhd
KLSE:4197
|
$1.98 Billion |
|
Avadel Pharmaceuticals PLC
NASDAQ:AVDL
|
$1.98 Billion |
|
NEWMARK GRP CL.A DL-01
F:NMB
|
$1.98 Billion |
|
Nanjing Tanker Corp
SHG:601975
|
$1.98 Billion |
|
China Everbright Environment Group Limited
F:CNE
|
$1.98 Billion |
|
Ultragenyx
NASDAQ:RARE
|
$1.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pou Chen Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 126,189,362,000 to 141,195,286,000, a change of 15,005,924,000 (11.9%).
- Net income of 16,035,591,000 contributed positively to equity growth.
- Dividend payments of 3,241,466,000 reduced retained earnings.
- Other comprehensive income increased equity by 78,704,674,000.
- Other factors decreased equity by 76,492,875,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$16.04 Billion | +11.36% |
| Dividends Paid | NT$3.24 Billion | -2.3% |
| Other Comprehensive Income | NT$78.70 Billion | +55.74% |
| Other Changes | NT$-76.49 Billion | -54.18% |
| Total Change | NT$- | 11.89% |
Book Value vs Market Value Analysis
This analysis compares Pou Chen 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: 0.62x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.05x to 0.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$9.66 | NT$29.50 | x |
| 2005-12-31 | NT$12.30 | NT$29.50 | x |
| 2006-12-31 | NT$13.31 | NT$29.50 | x |
| 2007-12-31 | NT$14.86 | NT$29.50 | x |
| 2008-12-31 | NT$14.68 | NT$29.50 | x |
| 2009-12-31 | NT$17.95 | NT$29.50 | x |
| 2010-12-31 | NT$18.31 | NT$29.50 | x |
| 2011-12-31 | NT$19.22 | NT$29.50 | x |
| 2012-12-31 | NT$20.89 | NT$29.50 | x |
| 2013-12-31 | NT$20.36 | NT$29.50 | x |
| 2014-12-31 | NT$23.36 | NT$29.50 | x |
| 2015-12-31 | NT$22.79 | NT$29.50 | x |
| 2016-12-31 | NT$24.90 | NT$29.50 | x |
| 2017-12-31 | NT$28.30 | NT$29.50 | x |
| 2018-12-31 | NT$26.35 | NT$29.50 | x |
| 2019-12-31 | NT$39.76 | NT$29.50 | x |
| 2020-12-31 | NT$45.43 | NT$29.50 | x |
| 2021-12-31 | NT$47.19 | NT$29.50 | x |
| 2022-12-31 | NT$36.22 | NT$29.50 | x |
| 2023-12-31 | NT$42.71 | NT$29.50 | x |
| 2024-12-31 | NT$47.77 | NT$29.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pou Chen 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): 11.36%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.08%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 2.49x
- Recent ROE (11.36%) is below the historical average (13.08%), 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 | 15.77% | 17.30% | 0.47x | 1.95x | NT$1.54 Billion |
| 2003 | 19.87% | 21.09% | 0.39x | 2.43x | NT$3.15 Billion |
| 2004 | 13.98% | 3.38% | 0.91x | 4.54x | NT$1.21 Billion |
| 2005 | 12.55% | 2.80% | 0.99x | 4.51x | NT$859.31 Million |
| 2006 | 15.58% | 3.08% | 1.11x | 4.54x | NT$2.07 Billion |
| 2007 | 10.97% | 2.44% | 0.99x | 4.54x | NT$425.54 Million |
| 2008 | 11.63% | 2.43% | 0.92x | 5.21x | NT$709.48 Million |
| 2009 | 13.60% | 3.40% | 0.84x | 4.75x | NT$1.86 Billion |
| 2010 | 14.87% | 4.09% | 0.93x | 3.90x | NT$2.59 Billion |
| 2011 | 10.28% | 2.79% | 0.87x | 4.24x | NT$157.15 Million |
| 2012 | 16.43% | 3.70% | 1.13x | 3.92x | NT$4.00 Billion |
| 2013 | 17.35% | 4.69% | 0.91x | 4.05x | NT$4.50 Billion |
| 2014 | 12.18% | 3.53% | 0.89x | 3.86x | NT$1.54 Billion |
| 2015 | 13.76% | 3.54% | 0.96x | 4.05x | NT$2.60 Billion |
| 2016 | 17.25% | 4.75% | 0.94x | 3.88x | NT$5.49 Billion |
| 2017 | 15.45% | 4.64% | 0.92x | 3.61x | NT$4.56 Billion |
| 2018 | 13.75% | 3.65% | 0.96x | 3.91x | NT$2.92 Billion |
| 2019 | 10.07% | 3.78% | 0.86x | 3.09x | NT$87.72 Million |
| 2020 | 3.61% | 1.94% | 0.68x | 2.75x | NT$-8.57 Billion |
| 2021 | 10.36% | 6.02% | 0.65x | 2.63x | NT$496.01 Million |
| 2022 | 11.82% | 4.73% | 0.82x | 3.03x | NT$1.94 Billion |
| 2023 | 8.42% | 4.31% | 0.75x | 2.60x | NT$-2.00 Billion |
| 2024 | 11.36% | 6.08% | 0.75x | 2.49x | NT$1.92 Billion |
Industry Comparison
This section compares Pou Chen Corp's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $5,897,852,111
- Average return on equity (ROE) among peers: 2.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pou Chen Corp (9904) | NT$213.54 Billion | 15.77% | 0.62x | $1.98 Billion |
| Victory New Materials Ltd Co (1340) | $1.81 Billion | 28.98% | 0.17x | $23.81 Million |
| Hsinli Chemical Industrial (4303) | $947.35 Million | 14.44% | 0.33x | $147.63 Million |
| Sports Gear Co. Ltd (6768) | $11.15 Billion | 9.40% | 0.60x | $174.21 Million |
| Lai Yih Footwear Co., Ltd. (6890) | $17.01 Billion | 12.14% | 0.37x | $629.39 Million |
| Paiho Shih Holdings Corp (8404) | $3.85 Billion | 6.03% | 0.35x | $92.78 Million |
| Shui-Mu International Co Ltd (8443) | $1.57 Billion | -3.72% | 0.47x | $14.10 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $6.24 Billion | 12.86% | 0.51x | $475.45 Million |
| Feng Tay Enterprises Co Ltd (9910) | $10.17 Billion | 9.14% | 0.32x | $1.01 Billion |
| Eminent Luggage Corporation (9950) | $323.66 Million | -69.06% | 12.44x | $16.23 Million |