Taiwan Hon Chuan Enterprise Co Ltd
Taiwan Hon Chuan Enterprise Co., Ltd. manufactures and sells various packaging materials for the food and beverage industries in Taiwan, Mainland China, Southeast Asia, and internationally. The company offers aluminum, plastic, and metal caps; polyethylene terephthalate bottle/perform, and label products; and LDPE shrinkable films. It also provides beverage filling original equipment manufacturer… Read more
Taiwan Hon Chuan Enterprise Co Ltd (9939) - Net Assets
Latest net assets as of September 2025: NT$18.97 Billion TWD
Based on the latest financial reports, Taiwan Hon Chuan Enterprise Co Ltd (9939) has net assets worth NT$18.97 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$45.69 Billion) and total liabilities (NT$26.72 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$18.97 Billion |
| % of Total Assets | 41.52% |
| Annual Growth Rate | 12.37% |
| 5-Year Change | 46.07% |
| 10-Year Change | 55.97% |
| Growth Volatility | 14.48 |
Taiwan Hon Chuan Enterprise Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Taiwan Hon Chuan Enterprise 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 Taiwan Hon Chuan Enterprise Co Ltd (2000–2024)
The table below shows the annual net assets of Taiwan Hon Chuan Enterprise Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$20.28 Billion | +23.19% |
| 2023-12-31 | NT$16.46 Billion | +5.92% |
| 2022-12-31 | NT$15.54 Billion | +9.53% |
| 2021-12-31 | NT$14.19 Billion | +2.21% |
| 2020-12-31 | NT$13.88 Billion | +1.13% |
| 2019-12-31 | NT$13.73 Billion | +4.96% |
| 2018-12-31 | NT$13.08 Billion | -0.64% |
| 2017-12-31 | NT$13.16 Billion | +3.84% |
| 2016-12-31 | NT$12.68 Billion | -2.51% |
| 2015-12-31 | NT$13.00 Billion | +11.43% |
| 2014-12-31 | NT$11.67 Billion | +6.62% |
| 2013-12-31 | NT$10.94 Billion | +2.34% |
| 2012-12-31 | NT$10.69 Billion | -8.60% |
| 2011-12-31 | NT$11.70 Billion | +26.05% |
| 2010-12-31 | NT$9.28 Billion | +7.45% |
| 2009-12-31 | NT$8.64 Billion | +17.97% |
| 2008-12-31 | NT$7.32 Billion | +44.16% |
| 2007-12-31 | NT$5.08 Billion | +19.45% |
| 2006-12-31 | NT$4.25 Billion | +4.91% |
| 2005-12-31 | NT$4.05 Billion | +7.77% |
| 2004-12-31 | NT$3.76 Billion | +46.39% |
| 2003-12-31 | NT$2.57 Billion | +17.42% |
| 2002-12-31 | NT$2.19 Billion | +41.19% |
| 2001-12-31 | NT$1.55 Billion | +25.45% |
| 2000-12-31 | NT$1.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Hon Chuan Enterprise 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 2544.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.28 Billion | 32.32% |
| Common Stock | NT$2.96 Billion | 15.22% |
| Other Comprehensive Income | NT$3.83 Billion | 19.72% |
| Other Components | NT$6.36 Billion | 32.74% |
| Total Equity | NT$19.43 Billion | 100.00% |
Taiwan Hon Chuan Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Hon Chuan Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Shiji Information Technology Co Ltd
SHE:002153
|
$1.00 Billion |
|
Nippon Shokubai Co. Ltd
PINK:NSHKF
|
$1.00 Billion |
|
AviChina Industry & Technology Co Ltd
PINK:AVIJF
|
$1.00 Billion |
|
Hapag Lloyd AG
XETRA:HLAG
|
$1.00 Billion |
|
XiAn Shaangu Power Co Ltd
SHG:601369
|
$1.00 Billion |
|
Guangdong Xianglu Tungsten Co Ltd
SHE:002842
|
$1.00 Billion |
|
RF Capital Group Inc
PINK:GMPFF
|
$1.00 Billion |
|
Suzhou Secote Precision Electronic Co Ltd Class A
SHG:603283
|
$1.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Hon Chuan Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,700,021,000 to 19,434,830,000, a change of 3,734,809,000 (23.8%).
- Net income of 2,833,665,000 contributed positively to equity growth.
- Dividend payments of 1,539,654,000 reduced retained earnings.
- New share issuances of 1,064,000,000 increased equity.
- Other comprehensive income increased equity by 1,650,367,000.
- Other factors decreased equity by 273,569,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.83 Billion | +14.58% |
| Dividends Paid | NT$1.54 Billion | -7.92% |
| Share Issuances | NT$1.06 Billion | +5.47% |
| Other Comprehensive Income | NT$1.65 Billion | +8.49% |
| Other Changes | NT$-273.57 Million | -1.41% |
| Total Change | NT$- | 23.79% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Hon Chuan Enterprise 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: 1.86x
- 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 7.67x to 1.86x 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$16.23 | NT$124.50 | x |
| 2007-12-31 | NT$18.78 | NT$124.50 | x |
| 2008-12-31 | NT$22.36 | NT$124.50 | x |
| 2009-12-31 | NT$30.39 | NT$124.50 | x |
| 2010-12-31 | NT$30.25 | NT$124.50 | x |
| 2011-12-31 | NT$35.97 | NT$124.50 | x |
| 2012-12-31 | NT$35.22 | NT$124.50 | x |
| 2013-12-31 | NT$35.78 | NT$124.50 | x |
| 2014-12-31 | NT$39.27 | NT$124.50 | x |
| 2015-12-31 | NT$39.91 | NT$124.50 | x |
| 2016-12-31 | NT$39.49 | NT$124.50 | x |
| 2017-12-31 | NT$42.54 | NT$124.50 | x |
| 2018-12-31 | NT$42.41 | NT$124.50 | x |
| 2019-12-31 | NT$44.10 | NT$124.50 | x |
| 2020-12-31 | NT$45.05 | NT$124.50 | x |
| 2021-12-31 | NT$46.67 | NT$124.50 | x |
| 2022-12-31 | NT$51.70 | NT$124.50 | x |
| 2023-12-31 | NT$54.44 | NT$124.50 | x |
| 2024-12-31 | NT$67.10 | NT$124.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Hon Chuan Enterprise 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): 14.58%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.97%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.22x
- Recent ROE (14.58%) is above the historical average (12.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 19.30% | 15.92% | 0.52x | 2.35x | NT$114.88 Million |
| 2001 | 12.07% | 12.82% | 0.59x | 1.59x | NT$32.00 Million |
| 2002 | 16.68% | 15.53% | 0.53x | 2.04x | NT$146.19 Million |
| 2003 | 15.73% | 13.75% | 0.43x | 2.67x | NT$147.16 Million |
| 2004 | 10.53% | 9.75% | 0.45x | 2.41x | NT$17.21 Million |
| 2005 | 7.51% | 5.98% | 0.42x | 2.97x | NT$-82.76 Million |
| 2006 | 9.02% | 5.96% | 0.50x | 3.05x | NT$-34.98 Million |
| 2007 | 6.60% | 4.13% | 0.59x | 2.70x | NT$-145.36 Million |
| 2008 | 15.15% | 8.17% | 0.69x | 2.71x | NT$255.87 Million |
| 2009 | 14.04% | 9.60% | 0.70x | 2.09x | NT$276.54 Million |
| 2010 | 16.96% | 10.12% | 0.72x | 2.32x | NT$515.97 Million |
| 2011 | 13.00% | 9.04% | 0.64x | 2.26x | NT$285.94 Million |
| 2012 | 11.78% | 7.39% | 0.73x | 2.18x | NT$174.06 Million |
| 2013 | 11.16% | 6.69% | 0.65x | 2.55x | NT$115.81 Million |
| 2014 | 9.10% | 5.61% | 0.59x | 2.75x | NT$-96.14 Million |
| 2015 | 7.94% | 5.72% | 0.57x | 2.44x | NT$-245.59 Million |
| 2016 | 10.02% | 7.14% | 0.60x | 2.33x | NT$2.66 Million |
| 2017 | 9.86% | 7.03% | 0.62x | 2.27x | NT$-17.22 Million |
| 2018 | 8.78% | 5.48% | 0.68x | 2.36x | NT$-152.14 Million |
| 2019 | 10.67% | 6.42% | 0.68x | 2.44x | NT$86.86 Million |
| 2020 | 12.66% | 8.56% | 0.61x | 2.42x | NT$347.81 Million |
| 2021 | 14.60% | 9.19% | 0.64x | 2.49x | NT$618.71 Million |
| 2022 | 14.86% | 8.97% | 0.67x | 2.46x | NT$724.03 Million |
| 2023 | 15.76% | 9.37% | 0.70x | 2.41x | NT$904.18 Million |
| 2024 | 14.58% | 9.97% | 0.66x | 2.22x | NT$890.18 Million |
Industry Comparison
This section compares Taiwan Hon Chuan Enterprise Co Ltd's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $4,388,278,000
- Average return on equity (ROE) among peers: 0.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Hon Chuan Enterprise Co Ltd (9939) | NT$18.97 Billion | 19.30% | 1.41x | $1.00 Billion |
| Yonyu Plastics Co Ltd (1323) | $1.51 Billion | 12.34% | 1.17x | $32.40 Million |
| K Laser Technology Inc (2461) | $1.13 Billion | 0.00% | 2.04x | $64.46 Million |
| Xin Chio Global Co Ltd (3171) | $531.55 Million | 10.85% | 1.47x | $19.67 Million |
| Coxon Precise Industrial Co Ltd (3607) | $2.74 Billion | -15.51% | 0.67x | $45.04 Million |
| SunVic Technology Co., Ltd. (4304) | $210.03 Million | -26.84% | 1.60x | $9.04K |
| Kingcan Holdings Ltd (8411) | $5.71 Billion | 7.89% | 0.74x | $27.39 Million |
| Jiyuan Packaging Holdings Ltd (8488) | $2.54 Billion | 1.98% | 1.43x | $5.67 Million |
| Great China Metal Industry Co Ltd (9905) | $7.14 Billion | 9.67% | 0.33x | $90.94 Million |
| Ton Yi Industrial Corp (9907) | $17.99 Billion | 4.68% | 1.14x | $373.90 Million |