Taiwan Wax Co Ltd
Taiwan Wax Company,Ltd. manufactures and sells various wax raw materials and finished products in Taiwan and internationally. The company offers refined paraffin wax and microcrystalline wax. The company also trades in optoelectronic equipment and aquatic products; and offers brokerage services. Taiwan Wax Company,Ltd. was founded in 1987 and is based in Chiayi, Taiwan.
Taiwan Wax Co Ltd (1742) - Net Assets
Latest net assets as of September 2025: NT$1.31 Billion TWD
Based on the latest financial reports, Taiwan Wax Co Ltd (1742) has net assets worth NT$1.31 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$1.45 Billion) and total liabilities (NT$143.29 Million). 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$1.31 Billion |
| % of Total Assets | 90.12% |
| Annual Growth Rate | 13.49% |
| 5-Year Change | 61.86% |
| 10-Year Change | N/A |
| Growth Volatility | 26.88 |
Taiwan Wax Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Taiwan Wax 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 Taiwan Wax Co Ltd (2017–2024)
The table below shows the annual net assets of Taiwan Wax Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.39 Billion | +6.43% |
| 2023-12-31 | NT$1.30 Billion | +3.18% |
| 2022-12-31 | NT$1.26 Billion | -8.78% |
| 2021-12-31 | NT$1.39 Billion | +61.58% |
| 2020-12-31 | NT$857.75 Million | -3.79% |
| 2019-12-31 | NT$891.58 Million | +54.58% |
| 2018-12-31 | NT$576.76 Million | +0.76% |
| 2017-12-31 | NT$572.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Wax 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 65.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$162.59 Million | 11.71% |
| Other Components | NT$1.23 Billion | 88.29% |
| Total Equity | NT$1.39 Billion | 100.00% |
Taiwan Wax Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Wax Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Talphera Inc.
NASDAQ:TLPH
|
$16.73 Million |
|
Headway
TW:1776
|
$16.73 Million |
|
Innovate Corp
NYSE:VATE
|
$16.73 Million |
|
CItech Co Ltd
KO:004920
|
$16.74 Million |
|
Tomei Consolidated Bhd
KLSE:7230
|
$16.73 Million |
|
Good Way Technology Co Ltd
TWO:3272
|
$16.72 Million |
|
ISE Chemicals Corporation
OTCGREY:ICHMF
|
$16.72 Million |
|
Trigg Minerals Limited
OTCQB:TMGLF
|
$16.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Wax Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,304,509,000 to 1,388,324,000, a change of 83,815,000 (6.4%).
- Net income of 82,715,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 13,411,000.
- Other factors increased equity by 14,511,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$82.72 Million | +5.96% |
| Other Comprehensive Income | NT$-13.41 Million | -0.97% |
| Other Changes | NT$14.51 Million | +1.05% |
| Total Change | NT$- | 6.43% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Wax 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: 1.13x
- 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 1.37x to 1.13x 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$12.36 | NT$16.95 | x |
| 2018-12-31 | NT$10.59 | NT$16.95 | x |
| 2019-12-31 | NT$12.76 | NT$16.95 | x |
| 2020-12-31 | NT$10.60 | NT$16.95 | x |
| 2021-12-31 | NT$16.65 | NT$16.95 | x |
| 2022-12-31 | NT$13.69 | NT$16.95 | x |
| 2023-12-31 | NT$14.07 | NT$16.95 | x |
| 2024-12-31 | NT$14.98 | NT$16.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Wax Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.96%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.78%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.33x
- Recent ROE (5.96%) is above the historical average (1.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 1.54% | 2.10% | 0.49x | 1.50x | NT$-48.44 Million |
| 2018 | -17.49% | -23.80% | 0.38x | 1.94x | NT$-158.56 Million |
| 2019 | 5.98% | 12.13% | 0.29x | 1.68x | NT$-35.83 Million |
| 2020 | -0.77% | -1.97% | 0.21x | 1.84x | NT$-92.35 Million |
| 2021 | 26.91% | 74.52% | 0.21x | 1.74x | NT$234.36 Million |
| 2022 | -9.78% | -25.65% | 0.18x | 2.08x | NT$-250.06 Million |
| 2023 | 2.94% | 9.77% | 0.10x | 2.89x | NT$-92.15 Million |
| 2024 | 5.96% | 35.78% | 0.13x | 1.33x | NT$-56.12 Million |
Industry Comparison
This section compares Taiwan Wax Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $54,327,371,400
- Average return on equity (ROE) among peers: 3.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Wax Co Ltd (1742) | NT$1.31 Billion | 1.54% | 0.11x | $16.73 Million |
| Formosa Plastics Corp (1301) | $150.46 Billion | 22.06% | 0.63x | $5.93 Billion |
| Nan Ya Plastics Corp (1303) | $263.60 Billion | 18.02% | 0.64x | $13.47 Billion |
| USI Corp (1304) | $19.91 Billion | 0.37% | 1.14x | $220.01 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $14.22 Billion | 10.18% | 0.15x | $155.31 Million |
| Taita Chemical Co Ltd (1309) | $3.38 Billion | 2.00% | 1.73x | $112.55 Million |
| China Petrochemical Development Corp (1314) | $67.19 Billion | 2.59% | 0.44x | $904.74 Million |
| Ocean Plastics Co Ltd (1321) | $5.11 Billion | -2.49% | 0.71x | $169.45 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $5.79 Billion | -22.96% | 0.13x | $41.93 Million |
| Everlight Chemical Industrial Corp (1711) | $8.66 Billion | 0.99% | 0.49x | $317.86 Million |