Tehmag Foods (1264) - Net Assets
Based on the latest financial reports, Tehmag Foods (1264) has net assets worth NT$4.50 Billion TWD (≈ $141.90 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$5.93 Billion ≈ $186.81 Million USD) and total liabilities (NT$1.43 Billion ≈ $44.91 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 Tehmag Foods liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.50 Billion |
| % of Total Assets | 75.96% |
| Annual Growth Rate | 7.03% |
| 5-Year Change | 33.53% |
| 10-Year Change | 87.89% |
| Growth Volatility | 1.56 |
Tehmag Foods - Net Assets Trend (2015–2025)
This chart illustrates how Tehmag Foods's net assets have evolved over time, based on quarterly financial data. Also explore Tehmag Foods balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Tehmag Foods (2015–2025)
The table below shows the annual net assets of Tehmag Foods from 2015 to 2025. For live valuation and market cap data, see Tehmag Foods market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.50 Billion ≈ $141.90 Million |
+5.75% |
| 2024-12-31 | NT$4.26 Billion ≈ $134.18 Million |
+10.17% |
| 2023-12-31 | NT$3.87 Billion ≈ $121.80 Million |
+6.17% |
| 2022-12-31 | NT$3.64 Billion ≈ $114.72 Million |
+7.95% |
| 2021-12-31 | NT$3.37 Billion ≈ $106.27 Million |
+6.72% |
| 2020-12-31 | NT$3.16 Billion ≈ $99.58 Million |
+9.12% |
| 2019-12-31 | NT$2.90 Billion ≈ $91.26 Million |
+5.60% |
| 2018-12-31 | NT$2.74 Billion ≈ $86.42 Million |
+6.38% |
| 2017-12-31 | NT$2.58 Billion ≈ $81.23 Million |
+7.56% |
| 2016-12-31 | NT$2.40 Billion ≈ $75.52 Million |
+5.02% |
| 2015-12-31 | NT$2.28 Billion ≈ $71.91 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tehmag Foods'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 110.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.96 Billion | 53.49% |
| Other Components | NT$1.71 Billion | 46.51% |
| Total Equity | NT$3.67 Billion | 100.00% |
Tehmag Foods Competitors by Market Cap
The table below lists competitors of Tehmag Foods ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Comp SA
WAR:CMP
|
$319.41 Million |
|
Campine
BR:CAMB
|
$319.50 Million |
|
Orient Cement Limited
NSE:ORIENTCEM
|
$319.52 Million |
|
Borosil Limited
NSE:BOROLTD
|
$319.62 Million |
|
Berjaya Land Bhd
KLSE:4219
|
$319.13 Million |
|
DYNAGREEN EN.PR.GR.H YC 1
F:DYN
|
$319.10 Million |
|
New Providence Acquisition Corp. III Class A Ordinary Shares
NASDAQ:NPAC
|
$319.06 Million |
|
8x8 Inc Common Stock
NASDAQ:EGHT
|
$319.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tehmag Foods's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,452,966,000 to 3,670,833,000, a change of 217,867,000 (6.3%).
- Net income of 758,499,000 contributed positively to equity growth.
- Dividend payments of 537,259,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$758.50 Million | +20.66% |
| Dividends Paid | NT$537.26 Million | -14.64% |
| Other Changes | NT$-3.37 Million | -0.09% |
| Total Change | NT$- | 6.31% |
Book Value vs Market Value Analysis
This analysis compares Tehmag Foods'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: 2.76x
- 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 4.21x to 2.76x 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$64.89 | NT$273.50 | x |
| 2018-12-31 | NT$67.63 | NT$273.50 | x |
| 2019-12-31 | NT$70.08 | NT$273.50 | x |
| 2020-12-31 | NT$68.08 | NT$273.50 | x |
| 2021-12-31 | NT$72.94 | NT$273.50 | x |
| 2022-12-31 | NT$79.04 | NT$273.50 | x |
| 2023-12-31 | NT$84.88 | NT$273.50 | x |
| 2024-12-31 | NT$93.19 | NT$273.50 | x |
| 2025-12-31 | NT$99.07 | NT$273.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tehmag Foods 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): 20.66%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.19%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 1.62x
- Recent ROE (20.66%) is below the historical average (21.04%), 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 | 20.16% | 10.26% | 1.32x | 1.49x | NT$201.17 Million |
| 2016 | 21.74% | 11.74% | 1.30x | 1.42x | NT$240.62 Million |
| 2017 | 20.66% | 12.29% | 1.19x | 1.41x | NT$233.04 Million |
| 2018 | 19.62% | 11.30% | 1.21x | 1.44x | NT$219.15 Million |
| 2019 | 20.01% | 11.59% | 1.16x | 1.49x | NT$236.43 Million |
| 2020 | 21.33% | 12.32% | 1.09x | 1.59x | NT$286.34 Million |
| 2021 | 22.15% | 12.12% | 1.16x | 1.57x | NT$329.03 Million |
| 2022 | 21.58% | 11.86% | 1.13x | 1.60x | NT$339.75 Million |
| 2023 | 21.45% | 11.57% | 1.22x | 1.52x | NT$360.66 Million |
| 2024 | 22.05% | 11.19% | 1.21x | 1.62x | NT$416.11 Million |
| 2025 | 20.66% | 11.19% | 1.14x | 1.62x | NT$391.42 Million |
Industry Comparison
This section compares Tehmag Foods's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $25,811,164,000
- Average return on equity (ROE) among peers: 6.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tehmag Foods (1264) | NT$4.50 Billion | 20.16% | 0.32x | $319.27 Million |
| Wei Chuan Foods Corp (1201) | $6.86 Billion | 7.81% | 1.63x | $199.30 Million |
| Ve Wong Corp (1203) | $3.33 Billion | 6.22% | 0.95x | $326.52 Million |
| Great Wall Enterprise Co Ltd (1210) | $14.78 Billion | 7.31% | 0.91x | $1.41 Billion |
| Charoen Pokphand Enterprise Taiwan Co Ltd (1215) | $5.18 Billion | 13.27% | 0.86x | $1.29 Billion |
| Uni-President Enterprises Corp (1216) | $210.68 Billion | 9.32% | 2.50x | $12.41 Billion |
| AGV Products Corp (1217) | $5.87 Billion | 0.87% | 1.13x | $154.24 Million |
| Taisun Enterprise Co Ltd (1218) | $3.67 Billion | 6.42% | 1.09x | $290.35 Million |
| Fwusow Industry Co Ltd (1219) | $3.64 Billion | 6.82% | 0.62x | $145.14 Million |
| Tai Roun Products Co Ltd (1220) | $2.39 Billion | 3.24% | 0.27x | $69.47 Million |
| Formosa Oilseed Processing Co Ltd (1225) | $1.71 Billion | 0.00% | 0.96x | $244.25 Million |
About Tehmag Foods
Tehmag Foods Corporation operates in the baking industry in Taiwan. The company offers bread products, including margarine flour sheets, flours, flour milling products, instant yeasts, bread improvers, luctor/custido/carlex sprays, bread mixes, flavor powders and series, bread fillings, bread decorations, and sugars; dairy products, such as milk products, beurre, fléchard sas, cheese, non-dairy w… Read more