Pou Chen Corp Net Assets
Pou Chen Corp net assets. Based on the latest financial reports, Pou Chen Corp (9904) has net assets worth NT$270.75 Billion TWD (≈ $8.53 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$411.03 Billion ≈ $12.95 Billion USD) and total liabilities (NT$140.29 Billion ≈ $4.42 Billion 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. See 9904 equity to assets ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$270.75 Billion |
| % of Total Assets | 65.87% |
| Annual Growth Rate | 10.67% |
| 5-Year Change | 8.05% |
| 10-Year Change | 37.54% |
| Growth Volatility | 18.75 |
Net Assets of Pou Chen Corp (2000–2025)
Net assets of Pou Chen Corp from 2000 to 2025. This chart illustrates how Pou Chen Corp's net assets have evolved over time, based on quarterly financial data. Also explore Pou Chen Corp equity growth rate to track the company's year-over-year net asset growth rate.
Annual Net Assets for Pou Chen Corp (2000–2025)
The table below shows the annual net assets of Pou Chen Corp from 2000 to 2025. For live market cap and overall valuation, see 9904 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$224.20 Billion ≈ $7.06 Billion |
-0.42% |
| 2024-12-31 | NT$225.14 Billion ≈ $7.09 Billion |
+11.09% |
| 2023-12-31 | NT$202.66 Billion ≈ $6.39 Billion |
+11.28% |
| 2022-12-31 | NT$182.13 Billion ≈ $5.74 Billion |
-12.23% |
| 2021-12-31 | NT$207.50 Billion ≈ $6.54 Billion |
+3.11% |
| 2020-12-31 | NT$201.24 Billion ≈ $6.34 Billion |
+5.99% |
| 2019-12-31 | NT$189.87 Billion ≈ $5.98 Billion |
+24.75% |
| 2018-12-31 | NT$152.20 Billion ≈ $4.80 Billion |
-3.90% |
| 2017-12-31 | NT$158.38 Billion ≈ $4.99 Billion |
-2.84% |
| 2016-12-31 | NT$163.01 Billion ≈ $5.14 Billion |
+5.30% |
| 2015-12-31 | NT$154.80 Billion ≈ $4.88 Billion |
+1.76% |
| 2014-12-31 | NT$152.13 Billion ≈ $4.79 Billion |
+10.54% |
| 2013-12-31 | NT$137.62 Billion ≈ $4.34 Billion |
+3.30% |
| 2012-12-31 | NT$133.23 Billion ≈ $4.20 Billion |
+5.48% |
| 2011-12-31 | NT$126.30 Billion ≈ $3.98 Billion |
+10.85% |
| 2010-12-31 | NT$113.94 Billion ≈ $3.59 Billion |
-3.25% |
| 2009-12-31 | NT$117.77 Billion ≈ $3.71 Billion |
+11.38% |
| 2008-12-31 | NT$105.74 Billion ≈ $3.33 Billion |
+15.40% |
| 2007-12-31 | NT$91.62 Billion ≈ $2.89 Billion |
+19.32% |
| 2006-12-31 | NT$76.79 Billion ≈ $2.42 Billion |
+11.87% |
| 2005-12-31 | NT$68.65 Billion ≈ $2.16 Billion |
+13.17% |
| 2004-12-31 | NT$60.66 Billion ≈ $1.91 Billion |
+89.87% |
| 2003-12-31 | NT$31.95 Billion ≈ $1.01 Billion |
+20.04% |
| 2002-12-31 | NT$26.62 Billion ≈ $838.52 Million |
+9.79% |
| 2001-12-31 | NT$24.24 Billion ≈ $763.78 Million |
+36.28% |
| 2000-12-31 | NT$17.79 Billion ≈ $560.46 Million |
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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 1115.5% over the analyzed period, indicating profitable operations and earnings retention.
Pou Chen Corp Net Assets Breakdown (December 2025)
Pou Chen Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$41.41 Billion | 29.39% |
| Common Stock | NT$29.47 Billion | 20.91% |
| Other Comprehensive Income | NT$67.35 Billion | 47.80% |
| Other Components | NT$2.67 Billion | 1.90% |
| Total Equity | NT$140.90 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 |
|---|---|
|
Capri Global Capital Limited
NSE:CGCL
|
$2.40 Billion |
|
Fujian Star Net Communic Ltd
SHE:002396
|
$2.40 Billion |
|
Beijing Sinnet Technology Co Ltd
SHE:300383
|
$2.40 Billion |
|
Western Metal Materials Co Ltd
SHE:002149
|
$2.40 Billion |
|
Suzhou HYC Technology Co Ltd
SHG:688001
|
$2.40 Billion |
|
An Hui Wenergy Co Ltd
SHE:000543
|
$2.39 Billion |
|
SCHOTT Pharma AG & Co. KGaA
XETRA:1SXP
|
$2.39 Billion |
|
SKC Co. Ltd
KO:011790
|
$2.39 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 2024 to 2025, total equity changed from 141,195,286,000 to 140,898,643,000, a change of -296,643,000 (-0.2%).
- Net income of 12,068,247,000 contributed positively to equity growth.
- Dividend payments of 5,009,538,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,619,365,000.
- Other factors decreased equity by 4,735,987,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$12.07 Billion | +8.57% |
| Dividends Paid | NT$5.01 Billion | -3.56% |
| Other Comprehensive Income | NT$-2.62 Billion | -1.86% |
| Other Changes | NT$-4.74 Billion | -3.36% |
| Total Change | NT$- | -0.21% |
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: 0.54x
- 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 2.67x to 0.54x 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$25.80 | x |
| 2005-12-31 | NT$12.30 | NT$25.80 | x |
| 2006-12-31 | NT$13.31 | NT$25.80 | x |
| 2007-12-31 | NT$14.86 | NT$25.80 | x |
| 2008-12-31 | NT$14.68 | NT$25.80 | x |
| 2009-12-31 | NT$17.95 | NT$25.80 | x |
| 2010-12-31 | NT$18.31 | NT$25.80 | x |
| 2011-12-31 | NT$19.22 | NT$25.80 | x |
| 2012-12-31 | NT$20.89 | NT$25.80 | x |
| 2013-12-31 | NT$20.36 | NT$25.80 | x |
| 2014-12-31 | NT$23.36 | NT$25.80 | x |
| 2015-12-31 | NT$22.79 | NT$25.80 | x |
| 2016-12-31 | NT$24.90 | NT$25.80 | x |
| 2017-12-31 | NT$28.30 | NT$25.80 | x |
| 2018-12-31 | NT$26.35 | NT$25.80 | x |
| 2019-12-31 | NT$39.76 | NT$25.80 | x |
| 2020-12-31 | NT$45.43 | NT$25.80 | x |
| 2021-12-31 | NT$47.19 | NT$25.80 | x |
| 2022-12-31 | NT$36.22 | NT$25.80 | x |
| 2023-12-31 | NT$42.71 | NT$25.80 | x |
| 2024-12-31 | NT$47.77 | NT$25.80 | x |
| 2025-12-31 | NT$47.67 | NT$25.80 | 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): 8.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.80%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.52x
- Recent ROE (8.57%) is below the historical average (12.89%), 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$1.92 Billion |
| 2025 | 8.57% | 4.80% | 0.71x | 2.52x | NT$-2.02 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: $4,918,968,857
- Average return on equity (ROE) among peers: 13.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pou Chen Corp (9904) | NT$270.75 Billion | 15.77% | 0.52x | $2.40 Billion |
| Victory New Materials Ltd Co (1340) | $2.61 Billion | -15.28% | 0.13x | $24.09 Million |
| Hsinli Chemical Industrial (4303) | $2.99 Billion | 45.44% | 0.38x | $88.67 Million |
| Sports Gear Co. Ltd (6768) | $10.96 Billion | 12.86% | 0.45x | $394.64 Million |
| Paiho Shih Holdings Corp (8404) | $2.67 Billion | 11.06% | 0.92x | $170.67 Million |
| Shui-Mu International Co Ltd (8443) | $1.73 Billion | 7.35% | 0.47x | $23.05 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $2.60 Billion | 26.31% | 0.48x | $387.54 Million |
| Feng Tay Enterprises Co Ltd (9910) | $10.89 Billion | 9.60% | 0.31x | $2.17 Billion |
About Pou Chen Corp
Pou Chen Corporation designs, manufactures, and sells various shoes in Taiwan and internationally. It offers athletic, casual footwear, outdoor shoes, sports apparel and accessories; operates entertainment and resort; imports and exports shoe related materials; operates of land demarcation; leases and sells real estate, hotel operation; and invests in footwear, electronic, and peripheral products… Read more