Chernan Metal Industrial
Chernan Metal Industrial Corp. engages in the manufacture and sale of tin and tin wire products in Taiwan and internationally. It also offers copper, nickel, and germanium products. The company was formerly known as Tunghui Tin Industry and changed its name to Chernan Metal Industrial Corp. The company was founded in 1984 and is headquartered in Taoyuan City, Taiwan.
Chernan Metal Industrial (3631) - Net Assets
Latest net assets as of September 2025: NT$1.45 Billion TWD
Based on the latest financial reports, Chernan Metal Industrial (3631) has net assets worth NT$1.45 Billion TWD as of September 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$1.06 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$1.45 Billion |
| % of Total Assets | 57.78% |
| Annual Growth Rate | 4.73% |
| 5-Year Change | -3.88% |
| 10-Year Change | N/A |
| Growth Volatility | 11.97 |
Chernan Metal Industrial - Net Assets Trend (2017–2024)
This chart illustrates how Chernan Metal Industrial's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Chernan Metal Industrial (2017–2024)
The table below shows the annual net assets of Chernan Metal Industrial from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.56 Billion | -0.46% |
| 2023-12-31 | NT$1.57 Billion | -5.11% |
| 2022-12-31 | NT$1.65 Billion | -2.82% |
| 2021-12-31 | NT$1.70 Billion | +4.71% |
| 2020-12-31 | NT$1.62 Billion | +31.70% |
| 2019-12-31 | NT$1.23 Billion | +11.67% |
| 2018-12-31 | NT$1.10 Billion | -2.24% |
| 2017-12-31 | NT$1.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chernan Metal Industrial'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 3943800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.32 Billion | 103.61% |
| Total Equity | NT$1.27 Billion | 100.00% |
Chernan Metal Industrial Competitors by Market Cap
The table below lists competitors of Chernan Metal Industrial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shimmick Corporation Common Stock
NASDAQ:SHIM
|
$15.56 Million |
|
REDCO PRP GROUP LTD -05
F:8KI
|
$15.57 Million |
|
Kalaris Therapeutics, Inc.
NASDAQ:KLRS
|
$15.57 Million |
|
SPECO Ltd
KQ:013810
|
$15.58 Million |
|
VWF Bancorp Inc.
OTCQB:VWFB
|
$15.56 Million |
|
88 Energy Limited
F:POQ
|
$15.55 Million |
|
SABUY TECHNOLOGY
BK:SABUY-R
|
$15.55 Million |
|
Unigold Inc
PINK:UGDIF
|
$15.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chernan Metal Industrial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,264,518,000 to 1,270,547,000, a change of 6,029,000 (0.5%).
- Net loss of 45,865,000 reduced equity.
- Other factors increased equity by 51,894,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-45.87 Million | -3.61% |
| Other Changes | NT$51.89 Million | +4.08% |
| Total Change | NT$- | 0.48% |
Book Value vs Market Value Analysis
This analysis compares Chernan Metal Industrial'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: 1.73x
- 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 1.90x to 1.73x 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$14.11 | NT$26.85 | x |
| 2018-12-31 | NT$13.79 | NT$26.85 | x |
| 2019-12-31 | NT$14.24 | NT$26.85 | x |
| 2020-12-31 | NT$16.25 | NT$26.85 | x |
| 2021-12-31 | NT$16.89 | NT$26.85 | x |
| 2022-12-31 | NT$16.33 | NT$26.85 | x |
| 2023-12-31 | NT$15.45 | NT$26.85 | x |
| 2024-12-31 | NT$15.53 | NT$26.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chernan Metal Industrial utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -60.31%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.21x
- Recent ROE (-3.61%) is below the historical average (-2.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -1.44% | -1.41% | 0.58x | 1.75x | NT$-129.27 Million |
| 2018 | -1.54% | -1.10% | 0.81x | 1.73x | NT$-127.47 Million |
| 2019 | -1.90% | -3.88% | 0.29x | 1.71x | NT$-135.83 Million |
| 2020 | -0.81% | -4.01% | 0.10x | 1.94x | NT$-140.74 Million |
| 2021 | -0.96% | -6.88% | 0.07x | 2.00x | NT$-151.53 Million |
| 2022 | -3.56% | -38.32% | 0.04x | 2.14x | NT$-181.17 Million |
| 2023 | -3.90% | -75.40% | 0.02x | 2.25x | NT$-175.73 Million |
| 2024 | -3.61% | -60.31% | 0.03x | 2.21x | NT$-172.92 Million |
Industry Comparison
This section compares Chernan Metal Industrial's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $3,188,127,500
- Average return on equity (ROE) among peers: 3.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chernan Metal Industrial (3631) | NT$1.45 Billion | -1.44% | 0.73x | $15.56 Million |
| Sun Rise E&T Corporation (1343) | $412.47 Million | 0.73% | 0.69x | $22.15 Million |
| Lee Chi Enterprises Co Ltd (1517) | $2.41 Billion | 6.15% | 0.28x | $48.28 Million |
| China Metal Products Co Ltd (1532) | $3.84 Billion | 19.44% | 3.50x | $161.98 Million |
| Bin Chuan Enterprise Co Ltd (1569) | $3.24 Billion | 12.17% | 1.18x | $144.71 Million |
| China Fineblanking Technology Co Ltd (1586) | $1.54 Billion | 2.80% | 1.77x | $49.06 Million |
| Yeong Guan Energy Technology Group Co Ltd (1589) | $2.60 Billion | 3.01% | 1.48x | $15.38 Million |
| Solar Applied Materials Technology (1785) | $12.99 Billion | 8.35% | 1.04x | $1.07 Billion |
| Chia Yi Steel Co Ltd (2067) | $296.62 Million | -41.63% | 5.31x | $4.93 Million |
| CX Technology Corp (2415) | $1.78 Billion | 10.39% | 1.04x | $47.22 Million |
| Catcher Technology Co Ltd (2474) | $2.77 Billion | 10.99% | 0.15x | $2.91 Billion |