Tang Eng Iron Works Co Ltd
Tang Eng Iron Works Co., Ltd. manufactures and trades in stainless steel products in Taiwan and internationally. The company offers steel coil and blanks, hot and cold rolled steel sheets, and other products. It is also involved in manufacturing, retailing, and leasing of rail vehicles and its parts. Tang Eng Iron Works Co., Ltd. was founded in 1940 and is based in Kaohsiung, Taiwan.
Tang Eng Iron Works Co Ltd (2035) - Net Assets
Latest net assets as of December 2025: NT$2.28 Billion TWD
Based on the latest financial reports, Tang Eng Iron Works Co Ltd (2035) has net assets worth NT$2.28 Billion TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$17.45 Billion) and total liabilities (NT$15.18 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$2.28 Billion |
| % of Total Assets | 13.04% |
| Annual Growth Rate | 6.67% |
| 5-Year Change | -60.99% |
| 10-Year Change | -62.12% |
| Growth Volatility | 76.51 |
Tang Eng Iron Works Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Tang Eng Iron Works 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 Tang Eng Iron Works Co Ltd (2003–2025)
The table below shows the annual net assets of Tang Eng Iron Works Co Ltd from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.28 Billion | -40.52% |
| 2024-12-31 | NT$3.83 Billion | -17.03% |
| 2023-12-31 | NT$4.61 Billion | -19.27% |
| 2022-12-31 | NT$5.71 Billion | -2.07% |
| 2021-12-31 | NT$5.83 Billion | +38.35% |
| 2020-12-31 | NT$4.22 Billion | -12.29% |
| 2019-12-31 | NT$4.81 Billion | +1.36% |
| 2018-12-31 | NT$4.74 Billion | -23.00% |
| 2017-12-31 | NT$6.16 Billion | +2.51% |
| 2016-12-31 | NT$6.01 Billion | +8.66% |
| 2015-12-31 | NT$5.53 Billion | -23.28% |
| 2014-12-31 | NT$7.21 Billion | +2.88% |
| 2013-12-31 | NT$7.01 Billion | -17.09% |
| 2012-12-31 | NT$8.45 Billion | -0.97% |
| 2011-12-31 | NT$8.53 Billion | +8.16% |
| 2010-12-31 | NT$7.89 Billion | +4.03% |
| 2009-12-31 | NT$7.58 Billion | +31.35% |
| 2008-12-31 | NT$5.77 Billion | -29.90% |
| 2007-12-31 | NT$8.24 Billion | +3.15% |
| 2006-12-31 | NT$7.98 Billion | +56.86% |
| 2005-12-31 | NT$5.09 Billion | +111.93% |
| 2004-12-31 | NT$2.40 Billion | +337.26% |
| 2003-12-31 | NT$549.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tang Eng Iron Works 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 decreased by 132820800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$3.60 Billion | 158.36% |
| Total Equity | NT$2.28 Billion | 100.00% |
Tang Eng Iron Works Co Ltd Competitors by Market Cap
The table below lists competitors of Tang Eng Iron Works Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lotus Technology Inc.
NASDAQ:LOT
|
$140.77 Million |
|
Translational Development Acquisition Corp. Units
NASDAQ:TDACU
|
$140.79 Million |
|
Planet Technology
TWO:6263
|
$140.80 Million |
|
Jiangsu Smartwin Electronics Technology Co.Ltd.
SHE:301106
|
$140.83 Million |
|
Ozak Gayrimenkul Yatirim Ortakligi AS
IS:OZKGY
|
$140.71 Million |
|
Meridian Mining UK Societas
OTCQX:MRRDF
|
$140.71 Million |
|
Jiangsu Lidao New Material Co Ltd Class A
SHG:603937
|
$140.68 Million |
|
TSC Auto ID Technology Co Ltd
TWO:3611
|
$140.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tang Eng Iron Works Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,826,603,000 to 2,275,903,000, a change of -1,550,700,000 (-40.5%).
- Net loss of 1,652,460,000 reduced equity.
- Other factors increased equity by 101,760,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-1.65 Billion | -72.61% |
| Other Changes | NT$101.76 Million | +4.47% |
| Total Change | NT$- | -40.52% |
Book Value vs Market Value Analysis
This analysis compares Tang Eng Iron Works 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: 4.34x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.60x to 4.34x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$17.60 | NT$28.20 | x |
| 2018-12-31 | NT$13.55 | NT$28.20 | x |
| 2019-12-31 | NT$13.74 | NT$28.20 | x |
| 2020-12-31 | NT$12.05 | NT$28.20 | x |
| 2021-12-31 | NT$16.67 | NT$28.20 | x |
| 2022-12-31 | NT$16.32 | NT$28.20 | x |
| 2023-12-31 | NT$13.18 | NT$28.20 | x |
| 2024-12-31 | NT$10.93 | NT$28.20 | x |
| 2025-12-31 | NT$6.50 | NT$28.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tang Eng Iron Works 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): -72.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.21%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 7.67x
- Recent ROE (-72.61%) is below the historical average (15.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 285.13% | 9.08% | 0.64x | 49.05x | NT$1.51 Billion |
| 2004 | 77.13% | 8.40% | 0.82x | 11.20x | NT$1.61 Billion |
| 2005 | 20.77% | 5.14% | 0.81x | 5.00x | NT$547.96 Million |
| 2006 | 31.15% | 7.59% | 1.03x | 4.00x | NT$1.56 Billion |
| 2007 | 0.17% | 0.04% | 1.14x | 4.17x | NT$-737.64 Million |
| 2009 | 23.86% | 9.12% | 0.78x | 3.34x | NT$950.65 Million |
| 2010 | 0.57% | 0.19% | 0.93x | 3.25x | NT$-674.63 Million |
| 2011 | 6.26% | 2.05% | 1.00x | 3.04x | NT$-289.69 Million |
| 2014 | 5.44% | 1.69% | 0.82x | 3.92x | NT$-293.98 Million |
| 2015 | -16.83% | -6.30% | 0.79x | 3.39x | NT$-1.48 Billion |
| 2016 | 8.38% | 3.87% | 0.68x | 3.20x | NT$-97.52 Million |
| 2017 | 3.95% | 1.29% | 0.96x | 3.19x | NT$-372.76 Million |
| 2018 | -30.40% | -9.69% | 0.79x | 3.99x | NT$-1.92 Billion |
| 2019 | 0.31% | 0.12% | 0.66x | 3.90x | NT$-465.78 Million |
| 2020 | -15.79% | -6.15% | 0.62x | 4.15x | NT$-1.09 Billion |
| 2021 | 27.19% | 9.43% | 0.83x | 3.45x | NT$1.00 Billion |
| 2022 | -3.94% | -1.60% | 0.81x | 3.04x | NT$-796.21 Million |
| 2023 | -24.40% | -10.51% | 0.64x | 3.61x | NT$-1.59 Billion |
| 2024 | -20.17% | -6.33% | 0.69x | 4.63x | NT$-1.15 Billion |
| 2025 | -72.61% | -17.21% | 0.55x | 7.67x | NT$-1.88 Billion |
Industry Comparison
This section compares Tang Eng Iron Works Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $14,507,134,500
- Average return on equity (ROE) among peers: 0.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tang Eng Iron Works Co Ltd (2035) | NT$2.28 Billion | 285.13% | 6.67x | $140.72 Million |
| 1480 (1480) | $3.18 Billion | 0.46% | 1.04x | $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 |