Taiwan Paiho Ltd
Taiwan Paiho Limited manufactures and sells touch fasteners, webbing, elastic, easy tape, jacquard digital woven fabric, jacquard engineered mesh, and other functional auxiliary materials and textile fabrics in Taiwan, China, Vietnam, and internationally. The company offers webbing, such as footwear, clothes, bag webbing, shoelaces and draw cords, etc.; and pull strings with various tips, reflect… Read more
Taiwan Paiho Ltd (9938) - Net Assets
Latest net assets as of September 2025: NT$16.02 Billion TWD
Based on the latest financial reports, Taiwan Paiho Ltd (9938) has net assets worth NT$16.02 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$32.50 Billion) and total liabilities (NT$16.48 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$16.02 Billion |
| % of Total Assets | 49.3% |
| Annual Growth Rate | 11.41% |
| 5-Year Change | 32.64% |
| 10-Year Change | 76.11% |
| Growth Volatility | 10.58 |
Taiwan Paiho Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Taiwan Paiho 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 Taiwan Paiho Ltd (2002–2024)
The table below shows the annual net assets of Taiwan Paiho Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$16.52 Billion | +18.83% |
| 2023-12-31 | NT$13.90 Billion | -4.05% |
| 2022-12-31 | NT$14.49 Billion | +6.29% |
| 2021-12-31 | NT$13.63 Billion | +9.45% |
| 2020-12-31 | NT$12.45 Billion | +6.74% |
| 2019-12-31 | NT$11.67 Billion | +5.11% |
| 2018-12-31 | NT$11.10 Billion | +4.58% |
| 2017-12-31 | NT$10.61 Billion | +6.92% |
| 2016-12-31 | NT$9.93 Billion | +5.84% |
| 2015-12-31 | NT$9.38 Billion | +6.69% |
| 2014-12-31 | NT$8.79 Billion | +21.86% |
| 2013-12-31 | NT$7.21 Billion | +9.86% |
| 2012-12-31 | NT$6.57 Billion | -2.23% |
| 2011-12-31 | NT$6.72 Billion | +10.76% |
| 2010-12-31 | NT$6.06 Billion | +23.39% |
| 2009-12-31 | NT$4.91 Billion | -3.78% |
| 2008-12-31 | NT$5.11 Billion | +3.51% |
| 2007-12-31 | NT$4.93 Billion | +27.28% |
| 2006-12-31 | NT$3.88 Billion | +24.94% |
| 2005-12-31 | NT$3.10 Billion | +30.91% |
| 2004-12-31 | NT$2.37 Billion | +30.44% |
| 2003-12-31 | NT$1.82 Billion | +18.41% |
| 2002-12-31 | NT$1.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Paiho 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 2064.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.95 Billion | 52.66% |
| Common Stock | NT$2.98 Billion | 22.57% |
| Other Components | NT$3.27 Billion | 24.78% |
| Total Equity | NT$13.20 Billion | 100.00% |
Taiwan Paiho Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Paiho Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shijiazhuang Tonhe Electronics Technologies Co Ltd
SHE:300491
|
$358.15 Million |
|
Grand Pacific Petrochemical Corp
TW:1312
|
$358.21 Million |
|
International Gemmological Institute (India) Limited
NSE:IGIL
|
$358.23 Million |
|
ASSECO STH EAST.EUR.ZY 10
F:7T8
|
$358.27 Million |
|
ADASTRIA CO. LTD.
F:1E0
|
$358.08 Million |
|
Auteco Minerals Limited
PINK:MNXMF
|
$358.05 Million |
|
Rusta AB (publ)
ST:RUSTA
|
$358.02 Million |
|
Rapid7 Inc
NASDAQ:RPD
|
$358.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Paiho Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,562,203,000 to 13,203,749,000, a change of 1,641,546,000 (14.2%).
- Net income of 1,416,141,000 contributed positively to equity growth.
- Dividend payments of 297,964,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,906,045,999.
- Other factors increased equity by 2,429,414,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.42 Billion | +10.73% |
| Dividends Paid | NT$297.96 Million | -2.26% |
| Other Comprehensive Income | NT$-1.91 Billion | -14.44% |
| Other Changes | NT$2.43 Billion | +18.4% |
| Total Change | NT$- | 14.20% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Paiho 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: 1.10x
- 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 4.09x to 1.10x 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$11.90 | NT$48.70 | x |
| 2007-12-31 | NT$14.45 | NT$48.70 | x |
| 2008-12-31 | NT$14.87 | NT$48.70 | x |
| 2009-12-31 | NT$14.91 | NT$48.70 | x |
| 2010-12-31 | NT$16.73 | NT$48.70 | x |
| 2011-12-31 | NT$17.09 | NT$48.70 | x |
| 2012-12-31 | NT$17.64 | NT$48.70 | x |
| 2013-12-31 | NT$19.59 | NT$48.70 | x |
| 2014-12-31 | NT$22.60 | NT$48.70 | x |
| 2015-12-31 | NT$24.40 | NT$48.70 | x |
| 2016-12-31 | NT$26.24 | NT$48.70 | x |
| 2017-12-31 | NT$27.86 | NT$48.70 | x |
| 2018-12-31 | NT$29.40 | NT$48.70 | x |
| 2019-12-31 | NT$31.16 | NT$48.70 | x |
| 2020-12-31 | NT$32.87 | NT$48.70 | x |
| 2021-12-31 | NT$36.05 | NT$48.70 | x |
| 2022-12-31 | NT$39.47 | NT$48.70 | x |
| 2023-12-31 | NT$38.77 | NT$48.70 | x |
| 2024-12-31 | NT$44.25 | NT$48.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Paiho 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): 10.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.16%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.48x
- Recent ROE (10.73%) is below the historical average (13.27%), 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 | 15.53% | 10.37% | 0.84x | 1.79x | NT$84.87 Million |
| 2003 | 11.34% | 7.84% | 0.57x | 2.55x | NT$24.36 Million |
| 2004 | 13.46% | 9.58% | 0.65x | 2.17x | NT$82.00 Million |
| 2005 | 12.73% | 9.29% | 0.70x | 1.95x | NT$83.97 Million |
| 2006 | 12.88% | 10.04% | 0.69x | 1.86x | NT$108.66 Million |
| 2007 | 14.13% | 10.63% | 0.69x | 1.93x | NT$192.07 Million |
| 2008 | 2.37% | 1.82% | 0.68x | 1.93x | NT$-361.65 Million |
| 2009 | 4.66% | 3.76% | 0.65x | 1.89x | NT$-250.35 Million |
| 2010 | 22.40% | 14.07% | 0.77x | 2.08x | NT$652.35 Million |
| 2011 | 10.87% | 7.17% | 0.72x | 2.12x | NT$46.93 Million |
| 2012 | 8.60% | 6.51% | 0.63x | 2.09x | NT$-73.98 Million |
| 2013 | 12.07% | 8.70% | 0.65x | 2.12x | NT$120.93 Million |
| 2014 | 14.52% | 10.75% | 0.63x | 2.13x | NT$305.15 Million |
| 2015 | 15.66% | 12.07% | 0.59x | 2.18x | NT$412.00 Million |
| 2016 | 19.04% | 14.02% | 0.63x | 2.14x | NT$707.72 Million |
| 2017 | 19.50% | 13.79% | 0.55x | 2.58x | NT$788.93 Million |
| 2018 | 15.50% | 9.92% | 0.51x | 3.03x | NT$482.61 Million |
| 2019 | 16.37% | 9.95% | 0.55x | 2.97x | NT$592.51 Million |
| 2020 | 15.82% | 10.60% | 0.46x | 3.24x | NT$570.90 Million |
| 2021 | 19.14% | 11.26% | 0.63x | 2.69x | NT$983.73 Million |
| 2022 | 12.90% | 9.34% | 0.51x | 2.70x | NT$341.97 Million |
| 2023 | 5.03% | 4.67% | 0.39x | 2.74x | NT$-575.04 Million |
| 2024 | 10.73% | 9.16% | 0.47x | 2.48x | NT$95.77 Million |
Industry Comparison
This section compares Taiwan Paiho Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $10,082,241,600
- Average return on equity (ROE) among peers: 5.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Paiho Ltd (9938) | NT$16.02 Billion | 15.53% | 1.03x | $358.09 Million |
| San Fang Chemical Industry Co Ltd (1307) | $3.11 Billion | 9.38% | 1.04x | $159.74 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.12 Billion | 13.50% | 1.05x | $17.61 Million |
| Cathay Consolidated Inc (1342) | $767.81 Million | 20.83% | 0.72x | $152.57 Million |
| Far Eastern New Century Corp (1402) | $69.12 Billion | 1.05% | 1.32x | $2.98 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $14.05 Billion | 3.65% | 0.92x | $539.09 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.26 Billion | 8.25% | 0.21x | $41.23 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $895.15 Million | 13.02% | 1.59x | $18.51 Million |
| Tung Ho Textile Co Ltd (1414) | $1.54 Billion | -19.15% | 2.15x | $46.96 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $2.35 Billion | 0.00% | 0.89x | $10.53 Million |
| Shinkong Textile Co Ltd (1419) | $6.62 Billion | 3.47% | 0.46x | $306.86 Million |