Shih Kuen Plastics Co Ltd (4305) - Net Assets
Based on the latest financial reports, Shih Kuen Plastics Co Ltd (4305) has net assets worth NT$1.19 Billion TWD (≈ $37.38 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.41 Billion ≈ $44.30 Million USD) and total liabilities (NT$219.75 Million ≈ $6.92 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 4305 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.19 Billion |
| % of Total Assets | 84.37% |
| Annual Growth Rate | 2.97% |
| 5-Year Change | 19.55% |
| 10-Year Change | N/A |
| Growth Volatility | 2.91 |
Shih Kuen Plastics Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Shih Kuen Plastics Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 4305 total assets for the complete picture of this company's asset base.
Annual Net Assets for Shih Kuen Plastics Co Ltd (2017–2024)
The table below shows the annual net assets of Shih Kuen Plastics Co Ltd from 2017 to 2024. For live valuation and market cap data, see 4305 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.22 Billion ≈ $38.39 Million |
+7.32% |
| 2023-12-31 | NT$1.14 Billion ≈ $35.77 Million |
+4.58% |
| 2022-12-31 | NT$1.09 Billion ≈ $34.21 Million |
+5.01% |
| 2021-12-31 | NT$1.03 Billion ≈ $32.57 Million |
+1.44% |
| 2020-12-31 | NT$1.02 Billion ≈ $32.11 Million |
-0.22% |
| 2019-12-31 | NT$1.02 Billion ≈ $32.18 Million |
-1.41% |
| 2018-12-31 | NT$1.04 Billion ≈ $32.64 Million |
+4.39% |
| 2017-12-31 | NT$992.50 Million ≈ $31.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shih Kuen Plastics 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 11.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$393.64 Million | 32.30% |
| Other Components | NT$824.91 Million | 67.70% |
| Total Equity | NT$1.22 Billion | 100.00% |
Shih Kuen Plastics Co Ltd Competitors by Market Cap
The table below lists competitors of Shih Kuen Plastics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aero Win Technology Corp
TW:8222
|
$75.83 Million |
|
Renergen Ltd.
JSE:REN
|
$75.87 Million |
|
CKM Building Material
TWO:8930
|
$75.88 Million |
|
PP Properti Tbk PT
JK:PPRO
|
$75.89 Million |
|
Ko Ja Cayman Co Ltd
TW:5215
|
$75.81 Million |
|
Excel Cell Electronic Co Ltd
TW:2483
|
$75.81 Million |
|
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS
IS:PNLSN
|
$75.79 Million |
|
Vow ASA
OL:VOW
|
$75.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shih Kuen Plastics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,135,487,000 to 1,218,558,000, a change of 83,071,000 (7.3%).
- Net income of 218,218,000 contributed positively to equity growth.
- Dividend payments of 137,535,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$218.22 Million | +17.91% |
| Dividends Paid | NT$137.53 Million | -11.29% |
| Other Changes | NT$2.39 Million | +0.2% |
| Total Change | NT$- | 7.32% |
Book Value vs Market Value Analysis
This analysis compares Shih Kuen Plastics 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: 1.98x
- 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 2.43x to 1.98x 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$18.04 | NT$43.75 | x |
| 2018-12-31 | NT$18.83 | NT$43.75 | x |
| 2019-12-31 | NT$18.54 | NT$43.75 | x |
| 2020-12-31 | NT$18.53 | NT$43.75 | x |
| 2021-12-31 | NT$18.79 | NT$43.75 | x |
| 2022-12-31 | NT$19.74 | NT$43.75 | x |
| 2023-12-31 | NT$20.64 | NT$43.75 | x |
| 2024-12-31 | NT$22.15 | NT$43.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shih Kuen Plastics 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): 17.91%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.92%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.14x
- Recent ROE (17.91%) is above the historical average (13.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 13.82% | 11.56% | 1.00x | 1.19x | NT$37.93 Million |
| 2018 | 16.87% | 15.34% | 0.94x | 1.17x | NT$71.16 Million |
| 2019 | 12.60% | 12.31% | 0.88x | 1.16x | NT$26.57 Million |
| 2020 | 11.22% | 11.38% | 0.86x | 1.14x | NT$12.43 Million |
| 2021 | 10.78% | 9.50% | 0.97x | 1.17x | NT$8.02 Million |
| 2022 | 13.53% | 16.14% | 0.74x | 1.13x | NT$38.29 Million |
| 2023 | 14.12% | 17.04% | 0.73x | 1.14x | NT$46.79 Million |
| 2024 | 17.91% | 20.92% | 0.75x | 1.14x | NT$96.36 Million |
Industry Comparison
This section compares Shih Kuen Plastics Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,652,066,900
- Average return on equity (ROE) among peers: -0.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shih Kuen Plastics Co Ltd (4305) | NT$1.19 Billion | 13.82% | 0.19x | $75.83 Million |
| Tong Yang Industry Co Ltd (1319) | $22.36 Billion | 3.67% | 0.59x | $1.39 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.63 Billion | 11.82% | 0.50x | $33.99 Million |
| Hiroca Holdings Ltd (1338) | $6.66 Billion | 6.02% | 0.52x | $41.60 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.82 Billion | 10.71% | 0.45x | $95.75 Million |
| Right Way Industrial Co Ltd (1506) | $1.35 Billion | 2.60% | 1.04x | $102.21 Million |
| Jui Li Enterprise Co Ltd (1512) | $184.74 Million | -69.38% | 11.01x | $23.14 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.73 Billion | 4.76% | 0.96x | $59.68 Million |
| TYC Brother Industrial Co Ltd (1522) | $3.16 Billion | 2.70% | 1.35x | $304.19 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.53 Billion | 13.32% | 1.15x | $146.61 Million |
| Kian Shen Corp (1525) | $3.11 Billion | 10.29% | 0.23x | $146.38 Million |
About Shih Kuen Plastics Co Ltd
Shih-Kuen Plastics Co., Ltd. produces and supplies PVC sheets and vinyl films. It offers double polished PVC sheets, such as super and normal clear, and transparent colored PVC sheets; textured and embossing PVC sheets, including opaque and translucent textured, and semi-transparent PVC sheets; super clear and colored laminated thick PVC sheets; and UV stabilized outdoor, cold crack resistant, an… Read more