Ezfly International Travel Agent Co. Ltd.
Ezfly International Travel Agent Co., Ltd., together with its subsidiaries, operates an online ticketing and booking mechanism in Taiwan. It operates through Tour Department and Other Department segments. The company offers ticket purchase services; and sells domestic air tickets, foreign individual air tickets, and foreign group air tickets. It also provides domestic and international room reser… Read more
Ezfly International Travel Agent Co. Ltd. (2734) - Net Assets
Latest net assets as of June 2024: NT$394.87 Million TWD
Based on the latest financial reports, Ezfly International Travel Agent Co. Ltd. (2734) has net assets worth NT$394.87 Million TWD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$836.49 Million) and total liabilities (NT$441.62 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$394.87 Million |
| % of Total Assets | 47.21% |
| Annual Growth Rate | -6.01% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 39.4 |
Ezfly International Travel Agent Co. Ltd. - Net Assets Trend (2019–2023)
This chart illustrates how Ezfly International Travel Agent 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 Ezfly International Travel Agent Co. Ltd. (2019–2023)
The table below shows the annual net assets of Ezfly International Travel Agent Co. Ltd. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$418.00 Million | +24.73% |
| 2022-12-31 | NT$335.14 Million | +33.07% |
| 2021-12-31 | NT$251.85 Million | +26.14% |
| 2020-12-31 | NT$199.67 Million | -62.72% |
| 2019-12-31 | NT$535.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ezfly International Travel Agent 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 11736000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$422.60 Million | 131.28% |
| Other Components | NT$58.34 Million | 18.12% |
| Total Equity | NT$321.90 Million | 100.00% |
Ezfly International Travel Agent Co. Ltd. Competitors by Market Cap
The table below lists competitors of Ezfly International Travel Agent Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Meditera Tibbi Malzeme Sanayi ve Ticaret AS
IS:MEDTR
|
$19.51 Million |
|
IAMU SA
RO:IAMU
|
$19.51 Million |
|
HAKI Safety A
ST:HAKI-A
|
$19.52 Million |
|
Vidipha Central Pharmaceutical JSC
VN:VDP
|
$19.52 Million |
|
Guangdong Land Holdings Limited
PINK:KYBWF
|
$19.48 Million |
|
Health In Tech, Inc. Class A Common Stock
NASDAQ:HIT
|
$19.48 Million |
|
TOP Engineering Co. Ltd
KQ:065130
|
$19.48 Million |
|
105760
KQ:105760
|
$19.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ezfly International Travel Agent Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 289,957,000 to 321,901,000, a change of 31,944,000 (11.0%).
- Net income of 23,874,000 contributed positively to equity growth.
- Other factors increased equity by 8,070,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$23.87 Million | +7.42% |
| Other Changes | NT$8.07 Million | +2.51% |
| Total Change | NT$- | 11.02% |
Book Value vs Market Value Analysis
This analysis compares Ezfly International Travel Agent 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: 2.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.92x to 2.15x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$8.54 | NT$16.40 | x |
| 2020-12-31 | NT$6.46 | NT$16.40 | x |
| 2021-12-31 | NT$7.31 | NT$16.40 | x |
| 2022-12-31 | NT$7.70 | NT$16.40 | x |
| 2023-12-31 | NT$7.62 | NT$16.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ezfly International Travel Agent Co. Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.11%
- • Asset Turnover: 1.85x
- • Equity Multiplier: 3.62x
- Recent ROE (7.42%) is above the historical average (-18.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -14.99% | -4.28% | 1.82x | 1.93x | NT$-69.48 Million |
| 2020 | -37.79% | -17.88% | 0.89x | 2.36x | NT$-96.04 Million |
| 2021 | -30.39% | -36.23% | 0.36x | 2.32x | NT$-95.48 Million |
| 2022 | -16.35% | -10.89% | 0.56x | 2.68x | NT$-76.42 Million |
| 2023 | 7.42% | 1.11% | 1.85x | 3.62x | NT$-8.32 Million |
Industry Comparison
This section compares Ezfly International Travel Agent Co. Ltd.'s net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $929,100,000
- Average return on equity (ROE) among peers: 1.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ezfly International Travel Agent Co. Ltd. (2734) | NT$394.87 Million | -14.99% | 1.12x | $19.49 Million |
| TSG Star Travel Corp. (2719) | $297.01 Million | -35.19% | 0.00x | $9.25 Million |
| Lion Travel Service Co Ltd (2731) | $3.82 Billion | 36.43% | 1.48x | $321.02 Million |
| Richmond International Travel & Tours Co Ltd (2743) | $469.99 Million | -11.16% | 0.61x | $75.04 Million |
| Phoenix Tours International Inc (5706) | $330.26 Million | 17.31% | 0.85x | $84.64 Million |
| Li Kang Biomedical Co Ltd (6242) | $508.30 Million | 13.63% | 0.27x | $13.44 Million |
| Uni Travel Services Co., Ltd. (6961) | $146.83 Million | -9.95% | 0.20x | $16.32K |