Chen Nan Iron Wire Co.,Ltd
Chen Nan Iron Wire Co.,Ltd manufactures and exports various kinds of fasteners and steel wires in Taiwan. The company offers self-drilling, chipboard, roofing, drywall, self tapping, collated, concrete, decking, wood, furniture, window, stainless steel, machine, set, trilobular thread forming, socket cap, SEMS, and nail screws; carriage, flange, hex, and lag bolts; hex flange, cage, hex, wing, ny… Read more
Chen Nan Iron Wire Co.,Ltd (2071) - Net Assets
Latest net assets as of June 2025: NT$1.35 Billion TWD
Based on the latest financial reports, Chen Nan Iron Wire Co.,Ltd (2071) has net assets worth NT$1.35 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$2.51 Billion) and total liabilities (NT$1.16 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$1.35 Billion |
| % of Total Assets | 53.67% |
| Annual Growth Rate | 13.1% |
| 5-Year Change | 96.82% |
| 10-Year Change | N/A |
| Growth Volatility | 12.09 |
Chen Nan Iron Wire Co.,Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Chen Nan Iron Wire 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 Chen Nan Iron Wire Co.,Ltd (2019–2024)
The table below shows the annual net assets of Chen Nan Iron Wire Co.,Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.41 Billion | +8.73% |
| 2023-12-31 | NT$1.30 Billion | +17.09% |
| 2022-12-31 | NT$1.11 Billion | +30.62% |
| 2021-12-31 | NT$846.86 Million | +18.35% |
| 2020-12-31 | NT$715.53 Million | -5.96% |
| 2019-12-31 | NT$760.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chen Nan Iron Wire 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 149.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$482.55 Million | 34.26% |
| Common Stock | NT$690.46 Million | 49.03% |
| Other Comprehensive Income | NT$97.99 Million | 6.96% |
| Other Components | NT$137.32 Million | 9.75% |
| Total Equity | NT$1.41 Billion | 100.00% |
Chen Nan Iron Wire Co.,Ltd Competitors by Market Cap
The table below lists competitors of Chen Nan Iron Wire Co.,Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AB Klaipedos nafta
F:XIC
|
$26.14 Million |
|
Precot Limited
NSE:PRECOT
|
$26.14 Million |
|
Exxaro Resources Ltd
JSE:EXX
|
$26.15 Million |
|
Arlitech Electronic
TWO:6432
|
$26.15 Million |
|
CHAPEL DOWN GRP PLC LS-05
F:1U6
|
$26.11 Million |
|
Rallybio Corp
NASDAQ:RLYB
|
$26.09 Million |
|
Nahar Spinning Mills Limited
NSE:NAHARSPING
|
$26.09 Million |
|
Arena Bilgisayar Sanayi ve Ticaret AS
IS:ARENA
|
$26.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chen Nan Iron Wire Co.,Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,295,297,000 to 1,408,318,000, a change of 113,021,000 (8.7%).
- Net income of 143,041,000 contributed positively to equity growth.
- Dividend payments of 30,020,000 reduced retained earnings.
- Other comprehensive income increased equity by 97,987,000.
- Other factors decreased equity by 97,987,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$143.04 Million | +10.16% |
| Dividends Paid | NT$30.02 Million | -2.13% |
| Other Comprehensive Income | NT$97.99 Million | +6.96% |
| Other Changes | NT$-97.99 Million | -6.96% |
| Total Change | NT$- | 8.73% |
Book Value vs Market Value Analysis
This analysis compares Chen Nan Iron Wire 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: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.48x to 0.98x 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$13.47 | NT$19.90 | x |
| 2020-12-31 | NT$12.46 | NT$19.90 | x |
| 2021-12-31 | NT$13.24 | NT$19.90 | x |
| 2022-12-31 | NT$17.28 | NT$19.90 | x |
| 2023-12-31 | NT$19.47 | NT$19.90 | x |
| 2024-12-31 | NT$20.37 | NT$19.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chen Nan Iron Wire Co.,Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.16%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.01%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.78x
- Recent ROE (10.16%) is above the historical average (9.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -0.65% | -0.31% | 0.60x | 3.49x | NT$-81.03 Million |
| 2020 | -6.34% | -2.48% | 0.64x | 3.97x | NT$-116.89 Million |
| 2021 | 15.51% | 7.23% | 0.59x | 3.63x | NT$46.64 Million |
| 2022 | 26.67% | 14.17% | 0.74x | 2.54x | NT$184.42 Million |
| 2023 | 10.15% | 9.46% | 0.54x | 1.97x | NT$1.98 Million |
| 2024 | 10.16% | 9.01% | 0.63x | 1.78x | NT$2.21 Million |
Industry Comparison
This section compares Chen Nan Iron Wire Co.,Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $3,425,314,700
- Average return on equity (ROE) among peers: 7.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chen Nan Iron Wire Co.,Ltd (2071) | NT$1.35 Billion | -0.65% | 0.86x | $26.12 Million |
| Basso Industry Corp (1527) | $4.69 Billion | 15.81% | 0.15x | $112.50 Million |
| Jenn Feng New Energy Co Ltd (1538) | $314.60 Million | -31.60% | 2.89x | $5.14 Million |
| Chang Type Industrial Co Ltd (1541) | $876.37 Million | -2.60% | 1.04x | $24.94 Million |
| Kinik Co (1560) | $6.09 Billion | 20.48% | 0.57x | $1.40 Billion |
| De Poan Pneumatic (1570) | $693.89 Million | 11.00% | 0.29x | $31.32 Million |
| Inmax Holding Co Ltd (1591) | $393.55 Million | 2.06% | 0.58x | $42.14 Million |
| Tycoons Group Enterprise Co Ltd (2022) | $7.12 Billion | 4.66% | 0.86x | $64.34 Million |
| Hiwin Technologies Corp (2049) | $11.80 Billion | 17.14% | 1.34x | $1.96 Billion |
| Sheh Kai Precision Co Ltd (2063) | $566.73 Million | 22.21% | 0.62x | $22.55 Million |
| Sheh Fung Screws Co Ltd (2065) | $1.71 Billion | 16.18% | 0.72x | $39.62 Million |