Yulon Finance Corp
Yulon Finance Corporation provides various financial services in China, Taiwan, and internationally. The company offers vehicle and personal financing services, including new and used car, and auto mortgage loans; motorcycle loan installments; and auto leasing services, as well as installment plans for other products and services. It also offers corporate financing services, such as installment p… Read more
Yulon Finance Corp (9941) - Net Assets
Latest net assets as of September 2025: NT$39.42 Billion TWD
Based on the latest financial reports, Yulon Finance Corp (9941) has net assets worth NT$39.42 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$283.17 Billion) and total liabilities (NT$243.75 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$39.42 Billion |
| % of Total Assets | 13.92% |
| Annual Growth Rate | 11.64% |
| 5-Year Change | 77.51% |
| 10-Year Change | 242.95% |
| Growth Volatility | 11.67 |
Yulon Finance Corp - Net Assets Trend (2003–2024)
This chart illustrates how Yulon Finance Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Yulon Finance Corp (2003–2024)
The table below shows the annual net assets of Yulon Finance Corp from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$39.21 Billion | -0.59% |
| 2023-12-31 | NT$39.44 Billion | +9.77% |
| 2022-12-31 | NT$35.93 Billion | +40.74% |
| 2021-12-31 | NT$25.53 Billion | +15.58% |
| 2020-12-31 | NT$22.09 Billion | +6.83% |
| 2019-12-31 | NT$20.68 Billion | +3.84% |
| 2018-12-31 | NT$19.91 Billion | +42.16% |
| 2017-12-31 | NT$14.01 Billion | +17.77% |
| 2016-12-31 | NT$11.89 Billion | +4.03% |
| 2015-12-31 | NT$11.43 Billion | +18.44% |
| 2014-12-31 | NT$9.65 Billion | +14.60% |
| 2013-12-31 | NT$8.42 Billion | +23.62% |
| 2012-12-31 | NT$6.81 Billion | +14.79% |
| 2011-12-31 | NT$5.94 Billion | +7.65% |
| 2010-12-31 | NT$5.51 Billion | +12.59% |
| 2009-12-31 | NT$4.90 Billion | +7.93% |
| 2008-12-31 | NT$4.54 Billion | -2.59% |
| 2007-12-31 | NT$4.66 Billion | +3.64% |
| 2006-12-31 | NT$4.49 Billion | -3.30% |
| 2005-12-31 | NT$4.65 Billion | +10.06% |
| 2004-12-31 | NT$4.22 Billion | +8.79% |
| 2003-12-31 | NT$3.88 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yulon Finance 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 1244.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$12.59 Billion | 32.55% |
| Common Stock | NT$5.48 Billion | 14.18% |
| Other Comprehensive Income | NT$-24.42 Million | -0.06% |
| Other Components | NT$20.62 Billion | 53.33% |
| Total Equity | NT$38.66 Billion | 100.00% |
Yulon Finance Corp Competitors by Market Cap
The table below lists competitors of Yulon Finance Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret A.S.
IS:EUPWR
|
$547.62 Million |
|
Beijing Tianyishangjia New Material Corp Ltd
SHG:688033
|
$547.67 Million |
|
Three Squirrels
SHE:300783
|
$548.09 Million |
|
Odontoprev S.A
SA:ODPV3
|
$548.11 Million |
|
Wilh. Wilhelmsen
PINK:WLHSF
|
$547.34 Million |
|
MIPS AB
ST:MIPS
|
$547.26 Million |
|
Chengdu Zhimingda Electronics Co. Ltd. A
SHG:688636
|
$547.23 Million |
|
Dogan Sirketler Grubu Holding AS
IS:DOHOL
|
$547.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yulon Finance Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,381,928,000 to 38,664,929,000, a change of 2,283,001,000 (6.3%).
- Net income of 5,102,489,000 contributed positively to equity growth.
- Dividend payments of 3,551,239,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,357,726,000.
- Other factors increased equity by 5,089,477,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.10 Billion | +13.2% |
| Dividends Paid | NT$3.55 Billion | -9.18% |
| Other Comprehensive Income | NT$-4.36 Billion | -11.27% |
| Other Changes | NT$5.09 Billion | +13.16% |
| Total Change | NT$- | 6.28% |
Book Value vs Market Value Analysis
This analysis compares Yulon Finance 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: 1.17x
- 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 8.30x to 1.17x 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$9.25 | NT$76.80 | x |
| 2007-12-31 | NT$9.53 | NT$76.80 | x |
| 2008-12-31 | NT$9.66 | NT$76.80 | x |
| 2009-12-31 | NT$10.37 | NT$76.80 | x |
| 2010-12-31 | NT$11.28 | NT$76.80 | x |
| 2011-12-31 | NT$12.16 | NT$76.80 | x |
| 2012-12-31 | NT$13.04 | NT$76.80 | x |
| 2013-12-31 | NT$15.39 | NT$76.80 | x |
| 2014-12-31 | NT$17.60 | NT$76.80 | x |
| 2015-12-31 | NT$18.26 | NT$76.80 | x |
| 2016-12-31 | NT$19.24 | NT$76.80 | x |
| 2017-12-31 | NT$21.05 | NT$76.80 | x |
| 2018-12-31 | NT$32.68 | NT$76.80 | x |
| 2019-12-31 | NT$35.28 | NT$76.80 | x |
| 2020-12-31 | NT$38.67 | NT$76.80 | x |
| 2021-12-31 | NT$45.39 | NT$76.80 | x |
| 2022-12-31 | NT$64.88 | NT$76.80 | x |
| 2023-12-31 | NT$66.36 | NT$76.80 | x |
| 2024-12-31 | NT$65.60 | NT$76.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yulon Finance 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): 13.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.36%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 7.51x
- Recent ROE (13.20%) is below the historical average (16.73%), 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 | 16.22% | 24.40% | 0.13x | 4.98x | NT$241.48 Million |
| 2004 | 18.90% | 30.48% | 0.11x | 5.42x | NT$375.65 Million |
| 2005 | 15.30% | 11.02% | 0.19x | 7.41x | NT$222.58 Million |
| 2006 | 9.33% | 7.95% | 0.16x | 7.21x | NT$-26.62 Million |
| 2007 | 11.76% | 10.07% | 0.17x | 6.70x | NT$72.40 Million |
| 2008 | 11.31% | 9.66% | 0.18x | 6.63x | NT$54.89 Million |
| 2009 | 15.93% | 11.61% | 0.21x | 6.55x | NT$266.96 Million |
| 2010 | 21.86% | 15.71% | 0.18x | 7.79x | NT$580.55 Million |
| 2011 | 18.65% | 11.91% | 0.16x | 9.63x | NT$455.46 Million |
| 2012 | 19.10% | 8.96% | 0.22x | 9.88x | NT$554.64 Million |
| 2013 | 17.70% | 10.12% | 0.20x | 8.95x | NT$593.49 Million |
| 2014 | 17.13% | 10.23% | 0.17x | 9.63x | NT$630.23 Million |
| 2015 | 15.51% | 9.29% | 0.16x | 10.74x | NT$506.01 Million |
| 2016 | 17.88% | 10.92% | 0.14x | 11.49x | NT$763.67 Million |
| 2017 | 21.92% | 13.45% | 0.13x | 12.86x | NT$1.26 Billion |
| 2018 | 15.71% | 11.84% | 0.13x | 10.37x | NT$941.09 Million |
| 2019 | 16.85% | 20.21% | 0.07x | 11.40x | NT$1.20 Billion |
| 2020 | 16.30% | 21.87% | 0.07x | 10.52x | NT$1.21 Billion |
| 2021 | 22.79% | 35.08% | 0.06x | 10.27x | NT$2.89 Billion |
| 2022 | 17.49% | 38.61% | 0.05x | 8.25x | NT$2.49 Billion |
| 2023 | 17.25% | 36.78% | 0.06x | 8.24x | NT$2.64 Billion |
| 2024 | 13.20% | 26.36% | 0.07x | 7.51x | NT$1.24 Billion |
Industry Comparison
This section compares Yulon Finance Corp's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $56,001,507,667
- Average return on equity (ROE) among peers: 12.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yulon Finance Corp (9941) | NT$39.42 Billion | 16.22% | 6.18x | $547.58 Million |
| Chailease Holding Co Ltd (5871) | $150.16 Billion | 18.13% | 4.84x | $4.11 Billion |
| Hotai Finance Corp (6592) | $8.56 Billion | 14.01% | 9.38x | $345.78 Million |
| Infinite Finance Co. Ltd. (6958) | $9.28 Billion | 5.56% | 8.35x | $29.40 Million |