Soonest Express Co Ltd (2643) - Net Assets
Based on the latest financial reports, Soonest Express Co Ltd (2643) has net assets worth NT$1.75 Billion TWD (≈ $55.10 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.82 Billion ≈ $89.00 Million USD) and total liabilities (NT$1.08 Billion ≈ $33.89 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 Soonest Express Co Ltd (2643) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.75 Billion |
| % of Total Assets | 61.92% |
| Annual Growth Rate | 18.42% |
| 5-Year Change | 105.8% |
| 10-Year Change | N/A |
| Growth Volatility | 44.15 |
Soonest Express Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Soonest Express Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Soonest Express Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Soonest Express Co Ltd (2017–2024)
The table below shows the annual net assets of Soonest Express Co Ltd from 2017 to 2024. For live valuation and market cap data, see 2643 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.97 Billion ≈ $61.96 Million |
+5.90% |
| 2023-12-31 | NT$1.86 Billion ≈ $58.50 Million |
+20.87% |
| 2022-12-31 | NT$1.54 Billion ≈ $48.40 Million |
+38.28% |
| 2021-12-31 | NT$1.11 Billion ≈ $35.00 Million |
+16.27% |
| 2020-12-31 | NT$955.56 Million ≈ $30.11 Million |
-32.57% |
| 2019-12-31 | NT$1.42 Billion ≈ $44.65 Million |
+121.66% |
| 2018-12-31 | NT$639.33 Million ≈ $20.14 Million |
+6.17% |
| 2017-12-31 | NT$602.19 Million ≈ $18.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Soonest Express 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 225.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$921.78 Million | 46.87% |
| Other Components | NT$1.04 Billion | 53.13% |
| Total Equity | NT$1.97 Billion | 100.00% |
Soonest Express Co Ltd Competitors by Market Cap
The table below lists competitors of Soonest Express Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Info Yatirim AS
IS:INFO
|
$73.78 Million |
|
Wintergreen Acquisition Corp. Ordinary Shares
NASDAQ:WTG
|
$73.84 Million |
|
Fortune Information Systems Corp
TW:2468
|
$73.84 Million |
|
Sun Max Tech Ltd
TW:6591
|
$73.85 Million |
|
Shenzhen Nanshan Power Co Ltd
SHE:200037
|
$73.76 Million |
|
Kuantum Papers Limited
NSE:KUANTUM
|
$73.76 Million |
|
Mallcom (India) Limited
NSE:MALLCOM
|
$73.74 Million |
|
Nurol Gayrimenkul Yatirim Ortakligi AS
IS:NUGYO
|
$73.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Soonest Express Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,856,926,000 to 1,966,541,000, a change of 109,615,000 (5.9%).
- Net income of 213,860,000 contributed positively to equity growth.
- Dividend payments of 175,000,000 reduced retained earnings.
- Other factors increased equity by 70,755,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$213.86 Million | +10.87% |
| Dividends Paid | NT$175.00 Million | -8.9% |
| Other Changes | NT$70.75 Million | +3.6% |
| Total Change | NT$- | 5.90% |
Book Value vs Market Value Analysis
This analysis compares Soonest Express 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: 1.19x
- 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 2.95x to 1.19x 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$22.64 | NT$66.90 | x |
| 2018-12-31 | NT$24.04 | NT$66.90 | x |
| 2019-12-31 | NT$26.41 | NT$66.90 | x |
| 2020-12-31 | NT$31.35 | NT$66.90 | x |
| 2021-12-31 | NT$3.64 | NT$66.90 | x |
| 2022-12-31 | NT$49.81 | NT$66.90 | x |
| 2023-12-31 | NT$59.08 | NT$66.90 | x |
| 2024-12-31 | NT$56.19 | NT$66.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Soonest Express Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.07%
- • Asset Turnover: 1.84x
- • Equity Multiplier: 1.45x
- Recent ROE (10.87%) is below the historical average (17.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.45% | 2.14% | 2.41x | 1.84x | NT$-3.31 Million |
| 2018 | 11.51% | 2.70% | 2.39x | 1.78x | NT$9.65 Million |
| 2019 | 17.40% | 3.75% | 2.27x | 2.05x | NT$51.29 Million |
| 2020 | 22.34% | 5.77% | 2.33x | 1.66x | NT$117.93 Million |
| 2021 | 26.24% | 5.75% | 2.71x | 1.68x | NT$180.39 Million |
| 2022 | 32.57% | 8.77% | 2.28x | 1.63x | NT$346.75 Million |
| 2023 | 12.65% | 5.63% | 1.38x | 1.63x | NT$49.14 Million |
| 2024 | 10.87% | 4.07% | 1.84x | 1.45x | NT$17.21 Million |
Industry Comparison
This section compares Soonest Express Co Ltd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $5,391,126,750
- Average return on equity (ROE) among peers: 6.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Soonest Express Co Ltd (2643) | NT$1.75 Billion | 9.45% | 0.62x | $73.77 Million |
| Lily Textile Co Ltd (1443) | $2.78 Billion | 0.00% | 1.67x | $90.40 Million |
| Evergreen International Storage & Transport Corp (2607) | $20.30 Billion | 4.01% | 0.15x | $797.65 Million |
| Chinese Maritime Transport Ltd (2612) | $11.14 Billion | 2.99% | 0.91x | $336.60 Million |
| T3EX Global Holdings Corp (2636) | $2.39 Billion | 10.04% | 1.16x | $289.54 Million |
| Taiwan Pelican Express Co Ltd (2642) | $1.62 Billion | 6.23% | 0.34x | $6.23K |
| Taiwan Allied Container Terminal (5601) | $1.37 Billion | 1.32% | 0.35x | $73.50 Million |
| Sea & Land Integrated Co (5603) | $1.30 Billion | 8.58% | 0.80x | $54.52 Million |
| Dimerco Express (5609) | $2.23 Billion | 18.13% | 1.34x | $345.87 Million |
About Soonest Express Co Ltd
Soonest Express Co., Ltd. provides integrated logistics solutions in Taiwan, Asia, and the United States. It offers air and ocean freight forwarding services; custom clearance services; transit/warehouse/transportation services; and courier services. The company was founded in 1984 and is based in Taipei, Taiwan.