Thye Ming Industrial Co Ltd
Thye Ming Industrial Co., Ltd. manufactures and sells lead alloys and lead oxide in Asia. The company provides litharge, red lead, antimonial and calcium lead alloys, metal, and lead ingots. Its products are also used in storage battery, PVC stabilizer, lead glass, ceramic glaze, pigment, crystal and optical glass, paint, terminal connector, type metal, casting metal, fishnet sinker, lead oxide, … Read more
Thye Ming Industrial Co Ltd (9927) - Net Assets
Latest net assets as of September 2025: NT$5.37 Billion TWD
Based on the latest financial reports, Thye Ming Industrial Co Ltd (9927) has net assets worth NT$5.37 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$6.50 Billion) and total liabilities (NT$1.13 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$5.37 Billion |
| % of Total Assets | 82.61% |
| Annual Growth Rate | 6.3% |
| 5-Year Change | 26.57% |
| 10-Year Change | 42.53% |
| Growth Volatility | 17.73 |
Thye Ming Industrial Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Thye Ming Industrial 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 Thye Ming Industrial Co Ltd (2003–2024)
The table below shows the annual net assets of Thye Ming Industrial Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.60 Billion | +3.63% |
| 2023-12-31 | NT$6.37 Billion | +4.53% |
| 2022-12-31 | NT$6.09 Billion | +1.83% |
| 2021-12-31 | NT$5.98 Billion | +14.74% |
| 2020-12-31 | NT$5.21 Billion | -1.80% |
| 2019-12-31 | NT$5.31 Billion | +3.39% |
| 2018-12-31 | NT$5.13 Billion | -3.80% |
| 2017-12-31 | NT$5.34 Billion | +9.03% |
| 2016-12-31 | NT$4.90 Billion | +5.76% |
| 2015-12-31 | NT$4.63 Billion | -0.50% |
| 2014-12-31 | NT$4.65 Billion | +9.37% |
| 2013-12-31 | NT$4.25 Billion | +5.76% |
| 2012-12-31 | NT$4.02 Billion | +6.14% |
| 2011-12-31 | NT$3.79 Billion | +4.25% |
| 2010-12-31 | NT$3.63 Billion | -3.03% |
| 2009-12-31 | NT$3.75 Billion | +51.07% |
| 2008-12-31 | NT$2.48 Billion | -28.98% |
| 2007-12-31 | NT$3.49 Billion | +44.13% |
| 2006-12-31 | NT$2.42 Billion | -3.64% |
| 2005-12-31 | NT$2.52 Billion | -3.76% |
| 2004-12-31 | NT$2.61 Billion | +42.78% |
| 2003-12-31 | NT$1.83 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thye Ming Industrial 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 728.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.59 Billion | 39.44% |
| Common Stock | NT$1.67 Billion | 25.47% |
| Other Components | NT$2.31 Billion | 35.09% |
| Total Equity | NT$6.57 Billion | 100.00% |
Thye Ming Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Thye Ming Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PRG Corporation Public Company Limited
BK:PRG
|
$84.76 Million |
|
VIB Vermögen AG
XETRA:VIH1
|
$84.78 Million |
|
Bjorn Borg AB
ST:BORG
|
$84.78 Million |
|
CENTRALNIC GROUP LS -001
F:4CN
|
$84.78 Million |
|
Moens Bank A/S
CO:MNBA
|
$84.72 Million |
|
E-Lead Electronic Co Ltd
TW:2497
|
$84.71 Million |
|
180 Life Sciences Corp
NASDAQ:ATNF
|
$84.68 Million |
|
Kolibri Global Energy Inc. Common stock
NASDAQ:KGEI
|
$84.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thye Ming Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,339,062,000 to 6,570,463,000, a change of 231,401,000 (3.7%).
- Net income of 1,052,318,000 contributed positively to equity growth.
- Dividend payments of 861,690,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,134,935,000.
- Other factors increased equity by 2,175,708,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.05 Billion | +16.02% |
| Dividends Paid | NT$861.69 Million | -13.11% |
| Other Comprehensive Income | NT$-2.13 Billion | -32.49% |
| Other Changes | NT$2.18 Billion | +33.11% |
| Total Change | NT$- | 3.65% |
Book Value vs Market Value Analysis
This analysis compares Thye Ming Industrial 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: 1.70x
- 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 4.00x to 1.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$16.68 | NT$66.80 | x |
| 2007-12-31 | NT$24.30 | NT$66.80 | x |
| 2008-12-31 | NT$17.03 | NT$66.80 | x |
| 2009-12-31 | NT$23.94 | NT$66.80 | x |
| 2010-12-31 | NT$21.56 | NT$66.80 | x |
| 2011-12-31 | NT$23.05 | NT$66.80 | x |
| 2012-12-31 | NT$23.87 | NT$66.80 | x |
| 2013-12-31 | NT$25.25 | NT$66.80 | x |
| 2014-12-31 | NT$27.62 | NT$66.80 | x |
| 2015-12-31 | NT$27.47 | NT$66.80 | x |
| 2016-12-31 | NT$29.06 | NT$66.80 | x |
| 2017-12-31 | NT$31.68 | NT$66.80 | x |
| 2018-12-31 | NT$30.50 | NT$66.80 | x |
| 2019-12-31 | NT$31.54 | NT$66.80 | x |
| 2020-12-31 | NT$30.93 | NT$66.80 | x |
| 2021-12-31 | NT$30.15 | NT$66.80 | x |
| 2022-12-31 | NT$36.08 | NT$66.80 | x |
| 2023-12-31 | NT$37.83 | NT$66.80 | x |
| 2024-12-31 | NT$39.20 | NT$66.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thye Ming Industrial 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): 16.02%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.30%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 1.12x
- Recent ROE (16.02%) is above the historical average (15.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 13.20% | 9.44% | 0.81x | 1.73x | NT$58.63 Million |
| 2004 | 28.28% | 14.07% | 1.17x | 1.71x | NT$430.61 Million |
| 2005 | 18.15% | 7.98% | 1.42x | 1.60x | NT$182.56 Million |
| 2006 | 18.00% | 6.42% | 1.69x | 1.66x | NT$180.50 Million |
| 2007 | 39.22% | 11.94% | 1.65x | 1.99x | NT$987.19 Million |
| 2008 | -9.09% | -2.67% | 2.35x | 1.45x | NT$-468.87 Million |
| 2009 | 23.75% | 11.05% | 1.24x | 1.74x | NT$511.84 Million |
| 2010 | 17.99% | 6.98% | 1.68x | 1.54x | NT$288.57 Million |
| 2011 | 9.80% | 3.55% | 1.85x | 1.49x | NT$-7.55 Million |
| 2012 | 13.99% | 5.74% | 1.56x | 1.56x | NT$159.44 Million |
| 2013 | 16.81% | 8.00% | 1.33x | 1.58x | NT$287.95 Million |
| 2014 | 16.08% | 7.14% | 1.56x | 1.45x | NT$281.56 Million |
| 2015 | 10.91% | 4.79% | 1.58x | 1.44x | NT$41.73 Million |
| 2016 | 16.32% | 8.54% | 1.50x | 1.27x | NT$307.90 Million |
| 2017 | 18.85% | 9.23% | 1.54x | 1.32x | NT$470.15 Million |
| 2018 | 7.15% | 3.45% | 1.54x | 1.35x | NT$-145.46 Million |
| 2019 | 9.69% | 5.20% | 1.50x | 1.24x | NT$-16.46 Million |
| 2020 | 6.78% | 4.12% | 1.34x | 1.22x | NT$-167.22 Million |
| 2021 | 13.23% | 8.89% | 1.28x | 1.16x | NT$191.65 Million |
| 2022 | 11.25% | 7.51% | 1.26x | 1.18x | NT$75.58 Million |
| 2023 | 15.68% | 10.78% | 1.21x | 1.21x | NT$359.93 Million |
| 2024 | 16.02% | 12.30% | 1.16x | 1.12x | NT$395.27 Million |
Industry Comparison
This section compares Thye Ming Industrial Co Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $736,975,000
- Average return on equity (ROE) among peers: 0.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thye Ming Industrial Co Ltd (9927) | NT$5.37 Billion | 13.20% | 0.21x | $84.72 Million |
| 7610 (7610) | $736.98 Million | 0.54% | 1.11x | $92.71K |