Hsin Ba Ba Corp
Hsin Ba Ba Corporation, together with its subsidiary, engages in the development, sale, and rental of public housing and commercial buildings in Taiwan. It is also involved in printing on metal, glass, and aluminum foil; and the manufacture, processing, and trading of paper containers and parts. The company was incorporated in 1967 and is headquartered in Kaohsiung, Taiwan.
Hsin Ba Ba Corp (9906) - Net Assets
Latest net assets as of September 2025: NT$1.16 Billion TWD
Based on the latest financial reports, Hsin Ba Ba Corp (9906) has net assets worth NT$1.16 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$9.05 Billion) and total liabilities (NT$7.89 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$1.16 Billion |
| % of Total Assets | 12.8% |
| Annual Growth Rate | 6.55% |
| 5-Year Change | 166.76% |
| 10-Year Change | 147.7% |
| Growth Volatility | 30.86 |
Hsin Ba Ba Corp - Net Assets Trend (2002–2024)
This chart illustrates how Hsin Ba Ba 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 Hsin Ba Ba Corp (2002–2024)
The table below shows the annual net assets of Hsin Ba Ba Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.90 Billion | +25.99% |
| 2023-12-31 | NT$1.51 Billion | +12.30% |
| 2022-12-31 | NT$1.34 Billion | +37.85% |
| 2021-12-31 | NT$973.60 Million | +36.77% |
| 2020-12-31 | NT$711.83 Million | -11.11% |
| 2019-12-31 | NT$800.82 Million | -9.25% |
| 2018-12-31 | NT$882.40 Million | -3.31% |
| 2017-12-31 | NT$912.64 Million | +11.96% |
| 2016-12-31 | NT$815.11 Million | +6.33% |
| 2015-12-31 | NT$766.60 Million | +6.12% |
| 2014-12-31 | NT$722.40 Million | -7.40% |
| 2013-12-31 | NT$780.17 Million | +1.90% |
| 2012-12-31 | NT$765.59 Million | -3.96% |
| 2011-12-31 | NT$797.13 Million | +83.72% |
| 2010-12-31 | NT$433.89 Million | +40.47% |
| 2009-12-31 | NT$308.88 Million | +10.27% |
| 2007-12-31 | NT$280.12 Million | -5.33% |
| 2006-12-31 | NT$295.89 Million | -42.59% |
| 2005-12-31 | NT$515.37 Million | +55.35% |
| 2004-12-31 | NT$331.76 Million | -52.16% |
| 2003-12-31 | NT$693.44 Million | +47.62% |
| 2002-12-31 | NT$469.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hsin Ba Ba 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 57197900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$571.98 Million | 30.12% |
| Common Stock | NT$903.76 Million | 47.59% |
| Other Comprehensive Income | NT$161.52 Million | 8.51% |
| Other Components | NT$261.63 Million | 13.78% |
| Total Equity | NT$1.90 Billion | 100.00% |
Hsin Ba Ba Corp Competitors by Market Cap
The table below lists competitors of Hsin Ba Ba Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shine-On BioMedical Co.,Ltd.
TWO:6926
|
$33.28 Million |
|
IMMUCELL CORP. DL-10
F:IUL
|
$33.28 Million |
|
Coreline Soft, Co., Ltd.
KQ:384470
|
$33.29 Million |
|
Scottie Resources Corp
OTCQB:SCTSF
|
$33.31 Million |
|
Gala Precision Engineering
NSE:GALAPREC
|
$33.28 Million |
|
Boab Metals Limited
PINK:PMYLF
|
$33.27 Million |
|
Waga Energy SA
PA:WAGA
|
$33.25 Million |
|
Capitan Mining Inc
PINK:CAPTF
|
$33.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hsin Ba Ba Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,507,231,000 to 1,898,890,000, a change of 391,659,000 (26.0%).
- Net income of 571,979,000 contributed positively to equity growth.
- Dividend payments of 468,400,000 reduced retained earnings.
- Other comprehensive income increased equity by 26,339,000.
- Other factors increased equity by 261,741,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$571.98 Million | +30.12% |
| Dividends Paid | NT$468.40 Million | -24.67% |
| Other Comprehensive Income | NT$26.34 Million | +1.39% |
| Other Changes | NT$261.74 Million | +13.78% |
| Total Change | NT$- | 25.99% |
Book Value vs Market Value Analysis
This analysis compares Hsin Ba Ba 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: 1.98x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.48x to 1.98x 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$9.31 | NT$41.70 | x |
| 2010-12-31 | NT$3.63 | NT$41.70 | x |
| 2011-12-31 | NT$6.78 | NT$41.70 | x |
| 2012-12-31 | NT$9.19 | NT$41.70 | x |
| 2013-12-31 | NT$9.36 | NT$41.70 | x |
| 2014-12-31 | NT$8.67 | NT$41.70 | x |
| 2015-12-31 | NT$9.20 | NT$41.70 | x |
| 2016-12-31 | NT$9.78 | NT$41.70 | x |
| 2017-12-31 | NT$10.94 | NT$41.70 | x |
| 2018-12-31 | NT$10.59 | NT$41.70 | x |
| 2019-12-31 | NT$9.61 | NT$41.70 | x |
| 2020-12-31 | NT$8.54 | NT$41.70 | x |
| 2021-12-31 | NT$11.68 | NT$41.70 | x |
| 2022-12-31 | NT$16.08 | NT$41.70 | x |
| 2023-12-31 | NT$17.29 | NT$41.70 | x |
| 2024-12-31 | NT$21.06 | NT$41.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hsin Ba Ba 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): 30.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.07%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 4.71x
- Recent ROE (30.12%) is above the historical average (11.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 25.48% | 7.53% | 0.64x | 5.31x | NT$107.31 Million |
| 2009 | -85.87% | -3.21% | 0.87x | 30.86x | NT$-86.36 Million |
| 2010 | 59.84% | 4.61% | 0.95x | 13.62x | NT$90.39 Million |
| 2011 | 30.79% | 5.14% | 1.08x | 5.55x | NT$95.67 Million |
| 2012 | 57.86% | 636.30% | 0.04x | 2.56x | NT$366.40 Million |
| 2013 | 0.99% | 0.77% | 0.33x | 3.83x | NT$-70.31 Million |
| 2014 | -8.00% | -260.88% | 0.01x | 4.82x | NT$-130.01 Million |
| 2015 | 5.77% | 5.74% | 0.24x | 4.26x | NT$-32.46 Million |
| 2016 | 5.95% | 5.62% | 0.31x | 3.46x | NT$-33.00 Million |
| 2017 | 10.69% | 9.86% | 0.37x | 2.91x | NT$6.26 Million |
| 2018 | -3.43% | -10.13% | 0.05x | 6.55x | NT$-118.47 Million |
| 2019 | -11.86% | -562.70% | 0.00x | 8.34x | NT$-175.04 Million |
| 2020 | -17.53% | -74.36% | 0.02x | 13.15x | NT$-195.98 Million |
| 2021 | 26.89% | 18.50% | 0.12x | 11.86x | NT$164.41 Million |
| 2022 | 31.55% | 14.24% | 0.27x | 8.12x | NT$289.20 Million |
| 2023 | 34.53% | 13.96% | 0.40x | 6.26x | NT$369.72 Million |
| 2024 | 30.12% | 13.07% | 0.49x | 4.71x | NT$382.09 Million |
Industry Comparison
This section compares Hsin Ba Ba Corp's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,170,391,600
- Average return on equity (ROE) among peers: 6.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hsin Ba Ba Corp (9906) | NT$1.16 Billion | 25.48% | 6.81x | $33.28 Million |
| Tri Ocean Textile Co Ltd (1472) | $333.36 Million | -10.62% | 2.04x | $47.78 Million |
| Ju-Kao Engineering Co., Ltd. (1594) | $297.75 Million | -0.44% | 0.99x | $1.54 Million |
| United Integrated Services Co Ltd (2404) | $6.61 Billion | 18.38% | 1.52x | $4.54 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $63.02 Million |
| BES Engineering Co (2515) | $19.46 Billion | 1.31% | 1.00x | $632.27 Million |
| New Asia Construction & Development Corp (2516) | $2.41 Billion | 2.77% | 2.80x | $83.75 Million |
| Delpha Construction Co Ltd (2530) | $3.35 Billion | 17.30% | 0.87x | $263.82 Million |
| Da-Cin Construction Co Ltd (2535) | $7.35 Billion | 8.58% | 1.32x | $428.26 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.87 Billion | 14.12% | 1.47x | $514.98 Million |
| Kedge Construction Co Ltd (2546) | $1.88 Billion | 6.30% | 1.33x | $163.03 Million |