Chitec Technology Co., Ltd.
Chitec Technology Co., Ltd. engages in the research and development of specialty chemicals for applications in automotive coatings, industrial coatings, wood coatings, automotive & transportation, building & construction, packaging, agriculture, consumer goods, textiles and fibers, electrical and electronics, UV/led curing and printing, adhesives and sealants, optical coatings, and other industri… Read more
Chitec Technology Co., Ltd. (3430) - Net Assets
Latest net assets as of December 2024: NT$1.12 Billion TWD
Based on the latest financial reports, Chitec Technology Co., Ltd. (3430) has net assets worth NT$1.12 Billion TWD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.59 Billion) and total liabilities (NT$466.86 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$1.12 Billion |
| % of Total Assets | 70.65% |
| Annual Growth Rate | 14.51% |
| 5-Year Change | 103.33% |
| 10-Year Change | N/A |
| Growth Volatility | 16.2 |
Chitec Technology Co., Ltd. - Net Assets Trend (2016–2024)
This chart illustrates how Chitec Technology 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 Chitec Technology Co., Ltd. (2016–2024)
The table below shows the annual net assets of Chitec Technology Co., Ltd. from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.12 Billion | +10.16% |
| 2023-12-31 | NT$1.02 Billion | +1.70% |
| 2022-12-31 | NT$1.00 Billion | +50.26% |
| 2021-12-31 | NT$667.66 Million | +20.78% |
| 2020-12-31 | NT$552.79 Million | +5.54% |
| 2019-12-31 | NT$523.75 Million | -0.78% |
| 2018-12-31 | NT$527.86 Million | +29.89% |
| 2017-12-31 | NT$406.40 Million | +6.87% |
| 2016-12-31 | NT$380.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chitec Technology 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 724.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$499.89 Million | 44.48% |
| Common Stock | NT$337.16 Million | 30.00% |
| Other Components | NT$286.92 Million | 25.53% |
| Total Equity | NT$1.12 Billion | 100.00% |
Chitec Technology Co., Ltd. Competitors by Market Cap
The table below lists competitors of Chitec Technology Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Associated Capital Group Inc
NYSE:AC
|
$42.54 Million |
|
QRF SCA
BR:QRF
|
$42.54 Million |
|
Dardanel Onentas Gida Sanayi AS
IS:DARDL
|
$42.55 Million |
|
Kyochon F And B Co Ltd
KO:339770
|
$42.56 Million |
|
TOPMATERIAL LTD
KQ:360070
|
$42.52 Million |
|
Shalby Limited
NSE:SHALBY
|
$42.51 Million |
|
MEDICLIN Aktiengesellschaft
XETRA:MED
|
$42.51 Million |
|
Puloon Technology Inc
KQ:094940
|
$42.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chitec Technology Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,020,309,000 to 1,123,970,000, a change of 103,661,000 (10.2%).
- Net income of 161,370,000 contributed positively to equity growth.
- Dividend payments of 67,432,000 reduced retained earnings.
- Other comprehensive income decreased equity by 101,602,000.
- Other factors increased equity by 111,325,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$161.37 Million | +14.36% |
| Dividends Paid | NT$67.43 Million | -6.0% |
| Other Comprehensive Income | NT$-101.60 Million | -9.04% |
| Other Changes | NT$111.33 Million | +9.9% |
| Total Change | NT$- | 10.16% |
Book Value vs Market Value Analysis
This analysis compares Chitec Technology 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: 2.24x
- 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 5.84x to 2.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$12.70 | NT$74.20 | x |
| 2017-12-31 | NT$13.52 | NT$74.20 | x |
| 2018-12-31 | NT$17.52 | NT$74.20 | x |
| 2019-12-31 | NT$17.45 | NT$74.20 | x |
| 2020-12-31 | NT$18.39 | NT$74.20 | x |
| 2021-12-31 | NT$22.28 | NT$74.20 | x |
| 2022-12-31 | NT$32.00 | NT$74.20 | x |
| 2023-12-31 | NT$30.06 | NT$74.20 | x |
| 2024-12-31 | NT$33.17 | NT$74.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chitec Technology Co., Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.36%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.96%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.42x
- Recent ROE (14.36%) is above the historical average (14.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 4.33% | 2.17% | 0.63x | 3.16x | NT$-21.55 Million |
| 2017 | 8.87% | 3.82% | 0.77x | 3.00x | NT$-4.59 Million |
| 2018 | 27.20% | 10.72% | 1.09x | 2.33x | NT$90.80 Million |
| 2019 | 14.46% | 5.73% | 1.05x | 2.40x | NT$23.34 Million |
| 2020 | 7.56% | 3.60% | 0.98x | 2.13x | NT$-13.49 Million |
| 2021 | 19.59% | 8.74% | 1.23x | 1.82x | NT$64.00 Million |
| 2022 | 19.56% | 12.28% | 1.10x | 1.45x | NT$95.88 Million |
| 2023 | 11.78% | 9.52% | 0.88x | 1.41x | NT$18.21 Million |
| 2024 | 14.36% | 10.96% | 0.93x | 1.42x | NT$48.97 Million |
Industry Comparison
This section compares Chitec Technology Co., Ltd.'s net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $44,934,559,200
- Average return on equity (ROE) among peers: 11.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chitec Technology Co., Ltd. (3430) | NT$1.12 Billion | 4.33% | 0.42x | $42.53 Million |
| Formosa Plastics Corp (1301) | $225.33 Billion | 12.22% | 0.47x | $5.82 Billion |
| Nan Ya Plastics Corp (1303) | $142.47 Billion | 14.77% | 1.15x | $13.36 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $220.86 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $9.82 Billion | 5.76% | 0.52x | $156.91 Million |
| Taita Chemical Co Ltd (1309) | $3.69 Billion | 0.65% | 0.67x | $113.99 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $42.00 Million |
| Everlight Chemical Industrial Corp (1711) | $6.07 Billion | 11.90% | 0.51x | $317.86 Million |