An-Shin Food Services Co Ltd
An-Shin Food Services Co.,Ltd., together with its subsidiaries, provides restaurant and information services in Taiwan and Mainland China. The company manages coffee shops and restaurants; and sells and markets hamburgers under the MOS BURGER brand. It also provides information and software integration services. The company was founded in 1990 and is headquartered in Taipei, Taiwan.
An-Shin Food Services Co Ltd (1259) - Net Assets
Latest net assets as of September 2025: NT$3.18 Billion TWD
Based on the latest financial reports, An-Shin Food Services Co Ltd (1259) has net assets worth NT$3.18 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$7.00 Billion) and total liabilities (NT$3.82 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$3.18 Billion |
| % of Total Assets | 45.45% |
| Annual Growth Rate | 4.69% |
| 5-Year Change | 29.15% |
| 10-Year Change | N/A |
| Growth Volatility | 53.67 |
An-Shin Food Services Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how An-Shin Food Services 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 An-Shin Food Services Co Ltd (2015–2024)
The table below shows the annual net assets of An-Shin Food Services Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.50 Billion | +5.18% |
| 2023-12-31 | NT$2.38 Billion | +18.75% |
| 2022-12-31 | NT$2.01 Billion | -4.10% |
| 2021-12-31 | NT$2.09 Billion | +7.83% |
| 2020-12-31 | NT$1.94 Billion | -57.52% |
| 2019-12-31 | NT$4.57 Billion | +155.23% |
| 2018-12-31 | NT$1.79 Billion | +0.44% |
| 2017-12-31 | NT$1.78 Billion | +4.70% |
| 2016-12-31 | NT$1.70 Billion | +2.61% |
| 2015-12-31 | NT$1.66 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to An-Shin Food Services 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 53.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$731.71 Million | 29.37% |
| Other Components | NT$1.76 Billion | 70.63% |
| Total Equity | NT$2.49 Billion | 100.00% |
An-Shin Food Services Co Ltd Competitors by Market Cap
The table below lists competitors of An-Shin Food Services Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S.
IS:DOFER
|
$16.81 Million |
|
Liberty TripAdvisor Holdings, Inc
NASDAQ:LTRPA
|
$16.82 Million |
|
Applus Services S.A
PINK:APLUF
|
$16.82 Million |
|
Anteotech Ltd
AU:ADO
|
$16.82 Million |
|
Sonel S.A.
WAR:SON
|
$16.81 Million |
|
Mynd.ai, Inc.
NYSE MKT:MYND
|
$16.81 Million |
|
PT Berdikari Foundation Perkas
JK:BDKR
|
$16.80 Million |
|
Eagon Ind
KO:008250
|
$16.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in An-Shin Food Services Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,365,364,000 to 2,491,080,000, a change of 125,716,000 (5.3%).
- Net income of 66,329,000 contributed positively to equity growth.
- Dividend payments of 58,301,000 reduced retained earnings.
- Other factors increased equity by 117,688,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$66.33 Million | +2.66% |
| Dividends Paid | NT$58.30 Million | -2.34% |
| Other Changes | NT$117.69 Million | +4.72% |
| Total Change | NT$- | 5.31% |
Book Value vs Market Value Analysis
This analysis compares An-Shin Food Services 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: 0.80x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.15x to 0.80x 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$53.80 | NT$61.90 | x |
| 2018-12-31 | NT$54.67 | NT$61.90 | x |
| 2019-12-31 | NT$56.60 | NT$61.90 | x |
| 2020-12-31 | NT$58.92 | NT$61.90 | x |
| 2021-12-31 | NT$63.85 | NT$61.90 | x |
| 2022-12-31 | NT$61.20 | NT$61.90 | x |
| 2023-12-31 | NT$72.92 | NT$61.90 | x |
| 2024-12-31 | NT$76.91 | NT$61.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently An-Shin Food Services Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.10%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 2.57x
- Recent ROE (2.66%) is below the historical average (7.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 8.18% | 2.97% | 1.69x | 1.63x | NT$-29.16 Million |
| 2016 | 10.39% | 3.73% | 1.69x | 1.65x | NT$6.49 Million |
| 2017 | 9.71% | 3.43% | 1.67x | 1.70x | NT$-4.99 Million |
| 2018 | 7.97% | 2.68% | 1.78x | 1.67x | NT$-35.77 Million |
| 2019 | 8.87% | 2.95% | 1.20x | 2.50x | NT$-20.72 Million |
| 2020 | 8.40% | 2.99% | 1.15x | 2.45x | NT$-30.44 Million |
| 2021 | 4.81% | 1.97% | 0.95x | 2.56x | NT$-107.28 Million |
| 2022 | 6.56% | 2.27% | 1.08x | 2.68x | NT$-68.35 Million |
| 2023 | 7.08% | 2.79% | 1.03x | 2.46x | NT$-69.09 Million |
| 2024 | 2.66% | 1.10% | 0.94x | 2.57x | NT$-182.78 Million |
Industry Comparison
This section compares An-Shin Food Services Co Ltd's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,920,306,111
- Average return on equity (ROE) among peers: 4.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| An-Shin Food Services Co Ltd (1259) | NT$3.18 Billion | 8.18% | 1.20x | $16.81 Million |
| Hi-Lai Foods Co Ltd (1268) | $1.85 Billion | 7.03% | 2.40x | $46.94 Million |
| Kanpai Co., Ltd (1269) | $952.79 Million | 1.80% | 1.67x | $15.70 Million |
| Gourmet Master Co Ltd (2723) | $6.27 Billion | 9.15% | 0.41x | $191.36 Million |
| Yummy Town Cayman Holdings (2726) | $688.49 Million | 5.65% | 1.58x | $3.08 Million |
| Wowprime Corp (2727) | $3.61 Billion | 10.83% | 3.01x | $482.98 Million |
| TTFB Co Ltd (2729) | $2.59 Billion | 13.60% | 1.18x | $75.52 Million |
| Mr. Onion (2740) | $196.16 Million | -31.10% | 0.26x | $4.80 Million |
| Renjie Oldsichuan Catering Management Consultant Co., Ltd. (2741) | $663.43 Million | 8.98% | 0.59x | $6.99 Million |
| KINGZA International CO.,Ltd. (2751) | $455.88 Million | 17.78% | 1.00x | $11.34 Million |