Morn Sun Feed Mill Corp Net Assets
Morn Sun Feed Mill Corp net assets. Based on the latest financial reports, Morn Sun Feed Mill Corp (1240) has net assets worth NT$1.56 Billion TWD (≈ $49.20 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.32 Billion ≈ $72.94 Million USD) and total liabilities (NT$753.54 Million ≈ $23.74 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. Also explore Morn Sun Feed Mill Corp (1240) net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.56 Billion |
| % of Total Assets | 67.45% |
| Annual Growth Rate | 6.86% |
| 5-Year Change | 13.28% |
| 10-Year Change | N/A |
| Growth Volatility | 12.06 |
Net Assets of Morn Sun Feed Mill Corp (2017–2025)
Net assets of Morn Sun Feed Mill Corp from 2017 to 2025. This chart illustrates how Morn Sun Feed Mill Corp's net assets have evolved over time, based on quarterly financial data. See 1240 net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Morn Sun Feed Mill Corp (2017–2025)
The table below shows the annual net assets of Morn Sun Feed Mill Corp from 2017 to 2025. For live market cap and overall valuation, see Morn Sun Feed Mill Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.56 Billion ≈ $49.27 Million |
+4.67% |
| 2024-12-31 | NT$1.49 Billion ≈ $47.07 Million |
+5.60% |
| 2023-12-31 | NT$1.41 Billion ≈ $44.57 Million |
+7.37% |
| 2022-12-31 | NT$1.32 Billion ≈ $41.52 Million |
-4.54% |
| 2021-12-31 | NT$1.38 Billion ≈ $43.49 Million |
+9.45% |
| 2020-12-31 | NT$1.26 Billion ≈ $39.74 Million |
+22.93% |
| 2019-12-31 | NT$1.03 Billion ≈ $32.32 Million |
-12.14% |
| 2018-12-31 | NT$1.17 Billion ≈ $36.79 Million |
+26.97% |
| 2017-12-31 | NT$919.69 Million ≈ $28.98 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Morn Sun Feed Mill 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 160.6% over the analyzed period, indicating profitable operations and earnings retention.
Morn Sun Feed Mill Corp Net Assets Breakdown (December 2025)
Morn Sun Feed Mill Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$650.97 Million | 43.33% |
| Other Components | NT$851.52 Million | 56.67% |
| Total Equity | NT$1.50 Billion | 100.00% |
Morn Sun Feed Mill Corp Competitors by Market Cap
The table below lists competitors of Morn Sun Feed Mill Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tenaya Therapeutics Inc
NASDAQ:TNYA
|
$78.01 Million |
|
JLK Inc
KQ:322510
|
$78.02 Million |
|
Jasa Armada Indonesia Tbk PT
JK:IPCM
|
$78.04 Million |
|
Jetway Information Co Ltd
TWO:6161
|
$78.05 Million |
|
Tacheng Real Estate Co Ltd
TWO:6171
|
$77.98 Million |
|
Kuyas Yatirim AS
IS:KUYAS
|
$77.94 Million |
|
Muhibbah Engineering M Bhd
KLSE:5703
|
$77.93 Million |
|
Global Data Centre Group
AU:GDC
|
$77.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Morn Sun Feed Mill Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,446,222,000 to 1,502,487,000, a change of 56,265,000 (3.9%).
- Net income of 214,940,000 contributed positively to equity growth.
- Dividend payments of 111,614,000 reduced retained earnings.
- Other factors decreased equity by 47,061,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$214.94 Million | +14.31% |
| Dividends Paid | NT$111.61 Million | -7.43% |
| Other Changes | NT$-47.06 Million | -3.13% |
| Total Change | NT$- | 3.89% |
Book Value vs Market Value Analysis
This analysis compares Morn Sun Feed Mill 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: 1.57x
- 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 1.94x to 1.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$27.47 | NT$53.30 | x |
| 2018-12-31 | NT$31.76 | NT$53.30 | x |
| 2019-12-31 | NT$27.54 | NT$53.30 | x |
| 2020-12-31 | NT$28.51 | NT$53.30 | x |
| 2021-12-31 | NT$32.10 | NT$53.30 | x |
| 2022-12-31 | NT$31.23 | NT$53.30 | x |
| 2023-12-31 | NT$34.28 | NT$53.30 | x |
| 2024-12-31 | NT$32.70 | NT$53.30 | x |
| 2025-12-31 | NT$33.97 | NT$53.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Morn Sun Feed Mill 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): 14.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.83%
- • Asset Turnover: 1.23x
- • Equity Multiplier: 1.48x
- Recent ROE (14.31%) is above the historical average (11.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 15.12% | 9.84% | 0.89x | 1.73x | NT$47.11 Million |
| 2018 | 8.56% | 6.71% | 0.92x | 1.38x | NT$-16.84 Million |
| 2019 | 13.47% | 7.50% | 1.07x | 1.69x | NT$35.16 Million |
| 2020 | 13.79% | 6.83% | 1.20x | 1.68x | NT$42.75 Million |
| 2021 | 10.34% | 4.37% | 1.41x | 1.68x | NT$4.32 Million |
| 2022 | 0.45% | 0.17% | 1.52x | 1.80x | NT$-117.45 Million |
| 2023 | 11.99% | 5.58% | 1.33x | 1.61x | NT$26.92 Million |
| 2024 | 12.42% | 6.29% | 1.33x | 1.48x | NT$34.98 Million |
| 2025 | 14.31% | 7.83% | 1.23x | 1.48x | NT$64.69 Million |
Industry Comparison
This section compares Morn Sun Feed Mill Corp's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $9,461,904,000
- Average return on equity (ROE) among peers: 7.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Morn Sun Feed Mill Corp (1240) | NT$1.56 Billion | 15.12% | 0.48x | $77.99 Million |
| Shin Tai Industry Co Ltd (1235) | $4.16 Billion | 7.38% | 0.38x | $44.76 Million |
| Taiwan Tea Corp (2913) | $14.77 Billion | 6.93% | 0.50x | $268.80 Million |
About Morn Sun Feed Mill Corp
Morn Sun Feed Mill Corp. manufactures, processes, trades in, and transports feeds and raw materials in China. It operates through four segments: Feeds, Egg Product, Breeding, and Other. The company offers feed products for duck egg, laying hen, duck and goose, and chicken; and piglets, breeding sows, and meat pigs. It is also involved in the trading of rice, flour, soybeans, barley, wheat, and ot… Read more