Tang Eng Iron Works Co Ltd (2035) - Net Assets
Based on the latest financial reports, Tang Eng Iron Works Co Ltd (2035) has net assets worth NT$2.28 Billion TWD (≈ $71.70 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$17.45 Billion ≈ $549.83 Million USD) and total liabilities (NT$15.18 Billion ≈ $478.13 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 2035 financial resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore balance sheet size of Tang Eng Iron Works Co Ltd for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Tang Eng Iron Works Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.28 Billion ≈ $71.70 Million |
-40.52% |
| 2024-12-31 | NT$3.83 Billion ≈ $120.56 Million |
-17.03% |
| 2023-12-31 | NT$4.61 Billion ≈ $145.30 Million |
-19.27% |
| 2022-12-31 | NT$5.71 Billion ≈ $179.98 Million |
-2.07% |
| 2021-12-31 | NT$5.83 Billion ≈ $183.79 Million |
+38.35% |
| 2020-12-31 | NT$4.22 Billion ≈ $132.84 Million |
-12.29% |
| 2019-12-31 | NT$4.81 Billion ≈ $151.46 Million |
+1.36% |
| 2018-12-31 | NT$4.74 Billion ≈ $149.43 Million |
-23.00% |
| 2017-12-31 | NT$6.16 Billion ≈ $194.07 Million |
+2.51% |
| 2016-12-31 | NT$6.01 Billion ≈ $189.31 Million |
+8.66% |
| 2015-12-31 | NT$5.53 Billion ≈ $174.22 Million |
-23.28% |
| 2014-12-31 | NT$7.21 Billion ≈ $227.09 Million |
+2.88% |
| 2013-12-31 | NT$7.01 Billion ≈ $220.73 Million |
-17.09% |
| 2012-12-31 | NT$8.45 Billion ≈ $266.21 Million |
-0.97% |
| 2011-12-31 | NT$8.53 Billion ≈ $268.83 Million |
+8.16% |
| 2010-12-31 | NT$7.89 Billion ≈ $248.55 Million |
+4.03% |
| 2009-12-31 | NT$7.58 Billion ≈ $238.92 Million |
+31.35% |
| 2008-12-31 | NT$5.77 Billion ≈ $181.89 Million |
-29.90% |
| 2007-12-31 | NT$8.24 Billion ≈ $259.46 Million |
+3.15% |
| 2006-12-31 | NT$7.98 Billion ≈ $251.54 Million |
+56.86% |
| 2005-12-31 | NT$5.09 Billion ≈ $160.36 Million |
+111.93% |
| 2004-12-31 | NT$2.40 Billion ≈ $75.67 Million |
+337.26% |
| 2003-12-31 | NT$549.27 Million ≈ $17.30 Million |
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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 |
|---|---|
|
Eaton Vance Senior Floating Rate Closed Fund
NYSE:EFR
|
$312.06 Million |
|
Marie Brizard Wine & Spirits
PA:MBWS
|
$312.08 Million |
|
DEE Development Eng Ltd
NSE:DEEDEV
|
$312.36 Million |
|
Precious Shipping Public Company Limited
BK:PSL-R
|
$312.37 Million |
|
Shandong Kehui Power Automation Co Ltd
SHG:688681
|
$312.00 Million |
|
Tien Phong Securities Corp
VN:ORS
|
$311.73 Million |
|
Hubtown Limited
NSE:HUBTOWN
|
$311.69 Million |
|
Dentium
KO:145720
|
$311.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tang Eng Iron Works Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,826,603,000 to 2,275,903,000, a change of -1,550,700,000 (-40.5%).
- Net loss of 1,652,460,000 reduced equity.
- Other factors increased equity by 101,760,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-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: 4.35x
- 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 1.61x to 4.35x 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$28.30 | x |
| 2018-12-31 | NT$13.55 | NT$28.30 | x |
| 2019-12-31 | NT$13.74 | NT$28.30 | x |
| 2020-12-31 | NT$12.05 | NT$28.30 | x |
| 2021-12-31 | NT$16.67 | NT$28.30 | x |
| 2022-12-31 | NT$16.32 | NT$28.30 | x |
| 2023-12-31 | NT$13.18 | NT$28.30 | x |
| 2024-12-31 | NT$10.93 | NT$28.30 | x |
| 2025-12-31 | NT$6.50 | NT$28.30 | 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: $78,318,497,200
- Average return on equity (ROE) among peers: 5.24%
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 | $312.06 Million |
| Walsin Lihwa Corp (1605) | $59.38 Billion | 13.22% | 0.34x | $4.21 Billion |
| China Steel Corp (2002) | $331.95 Billion | 5.09% | 1.01x | $9.00 Billion |
| China Steel Corp Pref (2002A) | $342.25 Billion | 0.49% | 0.98x | $46.78 Million |
| Tung Ho Steel Enterprise Corp (2006) | $14.24 Billion | 17.57% | 0.78x | $1.50 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $3.22 Billion | -5.72% | 4.62x | $124.72 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $3.67 Billion | -10.06% | 0.43x | $165.35 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $9.90 Billion | 3.68% | 1.20x | $505.02 Million |
| Chun Yu Works & Co Ltd (2012) | $4.00 Billion | 6.23% | 1.65x | $129.09 Million |
| China Steel Structure Co Ltd (2013) | $2.65 Billion | 0.00% | 2.18x | $269.37 Million |
| Chung Hung Steel Corp (2014) | $11.93 Billion | 21.85% | 1.63x | $796.00 Million |
About Tang Eng Iron Works Co Ltd
Tang Eng Iron Works Co., Ltd. manufactures and trades in stainless steel products in Taiwan. The company offers steel blanks and ingots, steel boards, hot and cold steel coils. It is also involved in manufacturing, retailing, and leasing rail vehicles and its parts. Tang Eng Iron Works Co., Ltd. was founded in 1940 and is based in Kaohsiung, Taiwan.