1480
Tung Mung Development Co., Ltd. engages in the manufacture and sale of stainless-steel products in Taiwan. It offers hot-rolled steel coils; and cold-rolled stainless-steel coils and sheets for use in constructions, medical equipment, kitchenware and cutlery, and home appliance applications. The company was incorporated in 1957 and is headquartered in Tainan City, Taiwan.
1480 (1480) - Net Assets
Latest net assets as of June 2025: NT$3.05 Billion TWD
Based on the latest financial reports, 1480 (1480) has net assets worth NT$3.05 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$6.33 Billion) and total liabilities (NT$3.27 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$3.05 Billion |
| % of Total Assets | 48.27% |
| Annual Growth Rate | 16.09% |
| 5-Year Change | 98.41% |
| 10-Year Change | N/A |
| Growth Volatility | 27.7 |
1480 - Net Assets Trend (2019–2024)
This chart illustrates how 1480's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for 1480 (2019–2024)
The table below shows the annual net assets of 1480 from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.18 Billion | +0.59% |
| 2023-12-31 | NT$3.16 Billion | -8.96% |
| 2022-12-31 | NT$3.47 Billion | +28.47% |
| 2021-12-31 | NT$2.70 Billion | +68.65% |
| 2020-12-31 | NT$1.60 Billion | +6.29% |
| 2019-12-31 | NT$1.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to 1480'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 102526600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$4.16 Billion | 130.89% |
| Total Equity | NT$3.18 Billion | 100.00% |
1480 Competitors by Market Cap
The table below lists competitors of 1480 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Equity Metals Corporation
OTCQB:EQMEF
|
$28.61 Million |
|
SyntekaBio Inc
KQ:226330
|
$28.61 Million |
|
Wearable Devices Ltd.
NASDAQ:WLDSW
|
$28.61 Million |
|
It's Skin Co Ltd
KO:226320
|
$28.64 Million |
|
RSWM Limited
NSE:RSWM
|
$28.60 Million |
|
The Brooker Group Public Company Limited
BK:BTC
|
$28.59 Million |
|
Uni Chem
KO:011330
|
$28.58 Million |
|
IFGL Refractories Limited
NSE:IFGLEXPOR
|
$28.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 1480's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,160,357,000 to 3,178,915,000, a change of 18,558,000 (0.6%).
- Net income of 14,659,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 50,259,000.
- Other factors decreased equity by 46,360,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$14.66 Million | +0.46% |
| Other Comprehensive Income | NT$50.26 Million | +1.58% |
| Other Changes | NT$-46.36 Million | -1.46% |
| Total Change | NT$- | 0.59% |
Book Value vs Market Value Analysis
This analysis compares 1480'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: 1.01x
- 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 2.08x to 1.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$4.23 | NT$8.80 | x |
| 2020-12-31 | NT$4.46 | NT$8.80 | x |
| 2021-12-31 | NT$7.59 | NT$8.80 | x |
| 2022-12-31 | NT$9.74 | NT$8.80 | x |
| 2023-12-31 | NT$7.60 | NT$8.80 | x |
| 2024-12-31 | NT$8.67 | NT$8.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 1480 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.17%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 2.04x
- Recent ROE (0.46%) is below the historical average (7.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 2.92% | 0.52% | 1.96x | 2.84x | NT$-106.68 Million |
| 2020 | 7.85% | 1.58% | 1.79x | 2.79x | NT$-34.45 Million |
| 2021 | 40.79% | 9.17% | 2.36x | 1.88x | NT$832.08 Million |
| 2022 | 3.63% | 1.08% | 1.97x | 1.71x | NT$-221.06 Million |
| 2023 | -9.87% | -3.49% | 1.43x | 1.98x | NT$-628.05 Million |
| 2024 | 0.46% | 0.17% | 1.34x | 2.04x | NT$-303.23 Million |
Industry Comparison
This section compares 1480's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $15,765,825,556
- Average return on equity (ROE) among peers: 0.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 1480 (1480) | NT$3.05 Billion | 2.92% | 1.07x | $28.61 Million |
| Walsin Lihwa Corp (1605) | $62.20 Billion | -4.32% | 0.82x | $2.92 Billion |
| Tung Ho Steel Enterprise Corp (2006) | $27.71 Billion | 12.86% | 0.60x | $1.04 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $3.58 Billion | 0.00% | 3.75x | $31.36 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $2.62 Billion | 0.00% | 3.66x | $28.78 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $10.15 Billion | 4.10% | 0.66x | $342.51 Million |
| Chun Yu Works & Co Ltd (2012) | $2.58 Billion | 3.92% | 1.85x | $36.48 Million |
| Chung Hung Steel Corp (2014) | $12.53 Billion | -19.54% | 2.05x | $458.80 Million |
| Feng Hsin Steel Co Ltd (2015) | $16.58 Billion | 10.95% | 0.18x | $690.55 Million |
| Quintain Steel Co Ltd (2017) | $3.95 Billion | 0.00% | 0.88x | $71.75 Million |