Taiwan Paiho Ltd (9938) - Net Assets

Latest as of December 2025: NT$16.94 Billion TWD ≈ $533.78 Million USD

Based on the latest financial reports, Taiwan Paiho Ltd (9938) has net assets worth NT$16.94 Billion TWD (≈ $533.78 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$34.16 Billion ≈ $1.08 Billion USD) and total liabilities (NT$17.22 Billion ≈ $542.42 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 Taiwan Paiho Ltd (9938) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets NT$16.94 Billion
% of Total Assets 49.6%
Annual Growth Rate 11.01%
5-Year Change 24.3%
10-Year Change 70.66%
Growth Volatility 10.52

Taiwan Paiho Ltd - Net Assets Trend (2002–2025)

This chart illustrates how Taiwan Paiho Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Taiwan Paiho Ltd to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Taiwan Paiho Ltd (2002–2025)

The table below shows the annual net assets of Taiwan Paiho Ltd from 2002 to 2025. For live valuation and market cap data, see 9938 stock market capitalisation.

Year Net Assets Change
2025-12-31 NT$16.94 Billion
≈ $533.78 Million		 +2.56%
2024-12-31 NT$16.52 Billion
≈ $520.45 Million		 +18.83%
2023-12-31 NT$13.90 Billion
≈ $437.96 Million		 -4.05%
2022-12-31 NT$14.49 Billion
≈ $456.46 Million		 +6.29%
2021-12-31 NT$13.63 Billion
≈ $429.43 Million		 +9.45%
2020-12-31 NT$12.45 Billion
≈ $392.37 Million		 +6.74%
2019-12-31 NT$11.67 Billion
≈ $367.58 Million		 +5.11%
2018-12-31 NT$11.10 Billion
≈ $349.72 Million		 +4.58%
2017-12-31 NT$10.61 Billion
≈ $334.41 Million		 +6.92%
2016-12-31 NT$9.93 Billion
≈ $312.77 Million		 +5.84%
2015-12-31 NT$9.38 Billion
≈ $295.52 Million		 +6.69%
2014-12-31 NT$8.79 Billion
≈ $276.98 Million		 +21.86%
2013-12-31 NT$7.21 Billion
≈ $227.29 Million		 +9.86%
2012-12-31 NT$6.57 Billion
≈ $206.90 Million		 -2.23%
2011-12-31 NT$6.72 Billion
≈ $211.62 Million		 +10.76%
2010-12-31 NT$6.06 Billion
≈ $191.06 Million		 +23.39%
2009-12-31 NT$4.91 Billion
≈ $154.83 Million		 -3.78%
2008-12-31 NT$5.11 Billion
≈ $160.92 Million		 +3.51%
2007-12-31 NT$4.93 Billion
≈ $155.46 Million		 +27.28%
2006-12-31 NT$3.88 Billion
≈ $122.14 Million		 +24.94%
2005-12-31 NT$3.10 Billion
≈ $97.76 Million		 +30.91%
2004-12-31 NT$2.37 Billion
≈ $74.67 Million		 +30.44%
2003-12-31 NT$1.82 Billion
≈ $57.25 Million		 +18.41%
2002-12-31 NT$1.53 Billion
≈ $48.34 Million		 --

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 2253.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings NT$7.56 Billion 56.71%
Common Stock NT$2.98 Billion 22.35%
Other Comprehensive Income NT$2.17 Billion 16.31%
Other Components NT$616.58 Million 4.63%
Total Equity NT$13.33 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
Ellaktor S.A
AT:ELLAKTOR
 $416.88 Million
Shaanxi Panlong Pharmaceutical Group Limited By Share Ltd Class A
SHE:002864
 $416.96 Million
AQUILA PART PROD COM
RO:AQ
 $417.07 Million
Apartment Investment and Management Co
NYSE:AIV
 $417.18 Million
LAY-OUT Planning Consultants Co. Ltd.
SHE:300989
 $416.75 Million
General Oceans ASA
OL:GENO
 $416.56 Million
AMAROQ MINERALS LTD
F:72Q
 $416.52 Million
Microvast Holdings Inc
NASDAQ:MVST
 $416.45 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 2024 to 2025, total equity changed from 13,203,749,000 to 13,329,169,000, a change of 125,420,000 (0.9%).
  • Net income of 1,221,055,000 contributed positively to equity growth.
  • Dividend payments of 893,892,000 reduced retained earnings.
  • Other comprehensive income increased equity by 2,174,203,000.
  • Other factors decreased equity by 2,375,946,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income NT$1.22 Billion +9.16%
Dividends Paid NT$893.89 Million -6.71%
Other Comprehensive Income NT$2.17 Billion +16.31%
Other Changes NT$-2.38 Billion -17.83%
Total Change NT$- 0.95%

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: 1.24x
  • 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 3.73x to 1.24x 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$44.40 x
2007-12-31 NT$14.45 NT$44.40 x
2008-12-31 NT$14.87 NT$44.40 x
2009-12-31 NT$14.91 NT$44.40 x
2010-12-31 NT$16.73 NT$44.40 x
2011-12-31 NT$17.09 NT$44.40 x
2012-12-31 NT$17.64 NT$44.40 x
2013-12-31 NT$19.59 NT$44.40 x
2014-12-31 NT$22.60 NT$44.40 x
2015-12-31 NT$24.40 NT$44.40 x
2016-12-31 NT$26.24 NT$44.40 x
2017-12-31 NT$27.86 NT$44.40 x
2018-12-31 NT$29.40 NT$44.40 x
2019-12-31 NT$31.16 NT$44.40 x
2020-12-31 NT$32.87 NT$44.40 x
2021-12-31 NT$36.05 NT$44.40 x
2022-12-31 NT$39.47 NT$44.40 x
2023-12-31 NT$38.77 NT$44.40 x
2024-12-31 NT$44.25 NT$44.40 x
2025-12-31 NT$35.91 NT$44.40 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): 9.16%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.74%
  • • Asset Turnover: 0.46x
  • • Equity Multiplier: 2.56x
  • Recent ROE (9.16%) is below the historical average (13.10%), 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$95.77 Million
2025 9.16% 7.74% 0.46x 2.56x NT$-111.86 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: $18,339,019,600
  • Average return on equity (ROE) among peers: 6.57%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Taiwan Paiho Ltd (9938) NT$16.94 Billion 15.53% 1.02x $416.81 Million
San Fang Chemical Industry Co Ltd (1307) $5.19 Billion 18.88% 0.73x $452.46 Million
Universal Inc (1325) $1.16 Billion 2.60% 0.51x $70.39 Million
Fulin Plastic Industry Cayman Holding Co Ltd (1341) $1.21 Billion 24.85% 1.03x $103.57 Million
Cathay Consolidated Inc (1342) $632.24 Million 19.85% 0.91x $286.29 Million
Far Eastern New Century Corp (1402) $121.68 Billion 6.89% 1.02x $4.86 Billion
Shinkong Synthetic Fiber Corp (1409) $46.32 Billion 8.40% 3.23x $1.42 Billion
Nan Yang Dyeing & Finishing Co Ltd (1410) $1.34 Billion 7.15% 0.22x $48.35 Million
Hung Chou Fiber Ind Co Ltd (1413) $1.50 Billion -21.38% 0.97x $39.13 Million
Tung Ho Textile Co Ltd (1414) $3.17 Billion 1.45% 0.53x $108.54 Million
Tong-Hwa Synthetic Fiber Co Ltd (1418) $1.20 Billion -3.01% 1.03x $31.66 Million

About Taiwan Paiho Ltd

TW:9938 Taiwan Textile Manufacturing
Market Cap
$416.81 Million
NT$13.23 Billion TWD
Market Cap Rank
#13337 Global
#538 in Taiwan
Share Price
NT$44.40
Change (1 day)
+0.91%
52-Week Range
NT$42.10 - NT$60.40
All Time High
NT$107.36
Categories
Companies in Taiwan Textile Manufacturing
About

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