Hsin Ba Ba Corp (9906) - Net Assets
Based on the latest financial reports, Hsin Ba Ba Corp (9906) has net assets worth NT$1.35 Billion TWD (≈ $42.41 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$8.89 Billion ≈ $280.16 Million USD) and total liabilities (NT$7.55 Billion ≈ $237.75 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 Hsin Ba Ba Corp liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.35 Billion |
| % of Total Assets | 15.14% |
| Annual Growth Rate | 4.68% |
| 5-Year Change | 38.26% |
| 10-Year Change | 65.15% |
| Growth Volatility | 31.31 |
Hsin Ba Ba Corp - Net Assets Trend (2002–2025)
This chart illustrates how Hsin Ba Ba Corp's net assets have evolved over time, based on quarterly financial data. Also explore Hsin Ba Ba Corp balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Hsin Ba Ba Corp (2002–2025)
The table below shows the annual net assets of Hsin Ba Ba Corp from 2002 to 2025. For live valuation and market cap data, see Hsin Ba Ba Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.35 Billion ≈ $42.41 Million |
-29.11% |
| 2024-12-31 | NT$1.90 Billion ≈ $59.83 Million |
+25.99% |
| 2023-12-31 | NT$1.51 Billion ≈ $47.49 Million |
+12.30% |
| 2022-12-31 | NT$1.34 Billion ≈ $42.28 Million |
+37.85% |
| 2021-12-31 | NT$973.60 Million ≈ $30.67 Million |
+36.77% |
| 2020-12-31 | NT$711.83 Million ≈ $22.43 Million |
-11.11% |
| 2019-12-31 | NT$800.82 Million ≈ $25.23 Million |
-9.25% |
| 2018-12-31 | NT$882.40 Million ≈ $27.80 Million |
-3.31% |
| 2017-12-31 | NT$912.64 Million ≈ $28.75 Million |
+11.96% |
| 2016-12-31 | NT$815.11 Million ≈ $25.68 Million |
+6.33% |
| 2015-12-31 | NT$766.60 Million ≈ $24.15 Million |
+6.12% |
| 2014-12-31 | NT$722.40 Million ≈ $22.76 Million |
-7.40% |
| 2013-12-31 | NT$780.17 Million ≈ $24.58 Million |
+1.90% |
| 2012-12-31 | NT$765.59 Million ≈ $24.12 Million |
-3.96% |
| 2011-12-31 | NT$797.13 Million ≈ $25.11 Million |
+83.72% |
| 2010-12-31 | NT$433.89 Million ≈ $13.67 Million |
+40.47% |
| 2009-12-31 | NT$308.88 Million ≈ $9.73 Million |
+10.27% |
| 2007-12-31 | NT$280.12 Million ≈ $8.83 Million |
-5.33% |
| 2006-12-31 | NT$295.89 Million ≈ $9.32 Million |
-42.59% |
| 2005-12-31 | NT$515.37 Million ≈ $16.24 Million |
+55.35% |
| 2004-12-31 | NT$331.76 Million ≈ $10.45 Million |
-52.16% |
| 2003-12-31 | NT$693.44 Million ≈ $21.85 Million |
+47.62% |
| 2002-12-31 | NT$469.75 Million ≈ $14.80 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 852100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$8.52 Million | 0.63% |
| Common Stock | NT$903.76 Million | 67.14% |
| Other Comprehensive Income | NT$244.89 Million | 18.19% |
| Other Components | NT$188.97 Million | 14.04% |
| Total Equity | NT$1.35 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 |
|---|---|
|
Hanjin Heavy Ind & Const Holdings Co Ltd
KO:003480
|
$108.91 Million |
|
Safkar Ege Sogutmacilik Klima Soguk Hava Tesisleri Ihracat Ithalat Sanayi ve Tic
IS:SAFKR
|
$108.94 Million |
|
South Basic Chemicals JSC
VN:CSV
|
$108.95 Million |
|
Namib Minerals Ordinary Shares
NASDAQ:NAMM
|
$108.97 Million |
|
Idsud S.A
PA:ALIDS
|
$108.85 Million |
|
ABL GROUP ASA NA NK-10
F:26Q
|
$108.83 Million |
|
Hyundai Livart Furniture Co Ltd
KO:079430
|
$108.78 Million |
|
Viva Leisure Ltd
AU:VVA
|
$108.78 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 2024 to 2025, total equity changed from 1,898,890,000 to 1,346,144,000, a change of -552,746,000 (-29.1%).
- Net income of 8,521,000 contributed positively to equity growth.
- Dividend payments of 587,446,000 reduced retained earnings.
- Other comprehensive income increased equity by 83,377,000.
- Other factors decreased equity by 57,198,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$8.52 Million | +0.63% |
| Dividends Paid | NT$587.45 Million | -43.64% |
| Other Comprehensive Income | NT$83.38 Million | +6.19% |
| Other Changes | NT$-57.20 Million | -4.25% |
| Total Change | NT$- | -29.11% |
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: 2.69x
- 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 4.11x to 2.69x 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$38.25 | x |
| 2010-12-31 | NT$3.63 | NT$38.25 | x |
| 2011-12-31 | NT$6.78 | NT$38.25 | x |
| 2012-12-31 | NT$9.19 | NT$38.25 | x |
| 2013-12-31 | NT$9.36 | NT$38.25 | x |
| 2014-12-31 | NT$8.67 | NT$38.25 | x |
| 2015-12-31 | NT$9.20 | NT$38.25 | x |
| 2016-12-31 | NT$9.78 | NT$38.25 | x |
| 2017-12-31 | NT$10.94 | NT$38.25 | x |
| 2018-12-31 | NT$10.59 | NT$38.25 | x |
| 2019-12-31 | NT$9.61 | NT$38.25 | x |
| 2020-12-31 | NT$8.54 | NT$38.25 | x |
| 2021-12-31 | NT$11.68 | NT$38.25 | x |
| 2022-12-31 | NT$16.08 | NT$38.25 | x |
| 2023-12-31 | NT$17.29 | NT$38.25 | x |
| 2024-12-31 | NT$21.06 | NT$38.25 | x |
| 2025-12-31 | NT$14.22 | NT$38.25 | 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): 0.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.66%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 6.61x
- Recent ROE (0.63%) is below the historical average (10.80%), suggesting potential challenges in 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$382.09 Million |
| 2025 | 0.63% | 0.66% | 0.15x | 6.61x | NT$-126.09 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: $5,966,943,900
- Average return on equity (ROE) among peers: 9.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hsin Ba Ba Corp (9906) | NT$1.35 Billion | 25.48% | 5.61x | $108.91 Million |
| Tri Ocean Textile Co Ltd (1472) | $1.42 Billion | 9.97% | 0.87x | $147.67 Million |
| United Integrated Services Co Ltd (2404) | $4.36 Billion | 2.90% | 0.88x | $5.64 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $150.06 Million |
| BES Engineering Co (2515) | $20.42 Billion | 3.03% | 1.06x | $661.08 Million |
| New Asia Construction & Development Corp (2516) | $1.82 Billion | 2.97% | 2.45x | $97.31 Million |
| Delpha Construction Co Ltd (2530) | $2.85 Billion | 11.76% | 1.16x | $551.78 Million |
| Da-Cin Construction Co Ltd (2535) | $8.83 Billion | 13.87% | 1.48x | $590.36 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.08 Billion | 8.97% | 2.20x | $783.30 Million |
| Kedge Construction Co Ltd (2546) | $2.53 Billion | 16.09% | 1.76x | $347.48 Million |
| Ruentex Engineering & Construction Co Ltd (2597) | $8.21 Billion | 22.43% | 1.12x | $1.54 Billion |
About 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.