Est Global Apparel Co.Ltd
Est Global Apparel Co.,Ltd engages in the clothing business in Taiwan and internationally. It offers athleisure, functional, seamless, and loungewear products. The company was formerly known as Free Power Energy Co.,Ltd and changed its name to Est Global Apparel Co.,Ltd in August 2016. Est Global Apparel Co.,Ltd was founded in 1987 and is based in Taipei City, Taiwan.
Est Global Apparel Co.Ltd (4413) - Net Assets
Latest net assets as of June 2024: NT$343.91 Million TWD
Based on the latest financial reports, Est Global Apparel Co.Ltd (4413) has net assets worth NT$343.91 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$503.51 Million) and total liabilities (NT$159.60 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$343.91 Million |
| % of Total Assets | 68.3% |
| Annual Growth Rate | 2.58% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 9.78 |
Est Global Apparel Co.Ltd - Net Assets Trend (2019–2023)
This chart illustrates how Est Global Apparel 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 Est Global Apparel Co.Ltd (2019–2023)
The table below shows the annual net assets of Est Global Apparel Co.Ltd from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$349.78 Million | +0.45% |
| 2022-12-31 | NT$348.21 Million | +18.35% |
| 2021-12-31 | NT$294.23 Million | +2.15% |
| 2020-12-31 | NT$288.03 Million | -8.83% |
| 2019-12-31 | NT$315.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Est Global Apparel 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 1109.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$33.80 Million | 9.66% |
| Common Stock | NT$313.15 Million | 89.53% |
| Other Components | NT$2.84 Million | 0.81% |
| Total Equity | NT$349.78 Million | 100.00% |
Est Global Apparel Co.Ltd Competitors by Market Cap
The table below lists competitors of Est Global Apparel Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Legend Power Systems Inc
OTCQB:LPSIF
|
$11.04 Million |
|
CHIeru Co.Ltd
PINK:CIERF
|
$11.04 Million |
|
Impact Coatings publ AB
ST:IMPC
|
$11.04 Million |
|
Destini Bhd
KLSE:7212
|
$11.04 Million |
|
BROADPEAK S.A. EO -02
F:J73
|
$11.04 Million |
|
LORDS CHLORO ALKALI ORD T (BSE)
NSE:LORDSCHLO
|
$11.03 Million |
|
Agrimin Limited
F:3CL
|
$11.03 Million |
|
Key Energy Services Inc
PINK:KEGX
|
$11.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Est Global Apparel Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 348,215,000 to 349,782,000, a change of 1,567,000 (0.5%).
- Net income of 18,145,000 contributed positively to equity growth.
- Dividend payments of 15,657,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$18.14 Million | +5.19% |
| Dividends Paid | NT$15.66 Million | -4.48% |
| Other Changes | NT$-921.00K | -0.26% |
| Total Change | NT$- | 0.45% |
Book Value vs Market Value Analysis
This analysis compares Est Global Apparel 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: 1.60x
- 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 1.77x to 1.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$10.09 | NT$17.90 | x |
| 2020-12-31 | NT$9.20 | NT$17.90 | x |
| 2021-12-31 | NT$9.40 | NT$17.90 | x |
| 2022-12-31 | NT$11.12 | NT$17.90 | x |
| 2023-12-31 | NT$11.17 | NT$17.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Est Global Apparel 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): 5.19%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.05%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.40x
- Recent ROE (5.19%) is below the historical average (5.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 14.05% | 7.56% | 1.59x | 1.17x | NT$12.78 Million |
| 2020 | -9.69% | -6.20% | 1.43x | 1.09x | NT$-56.71 Million |
| 2021 | 2.11% | 0.97% | 1.54x | 1.41x | NT$-23.23 Million |
| 2022 | 15.50% | 7.79% | 1.44x | 1.38x | NT$19.16 Million |
| 2023 | 5.19% | 4.05% | 0.92x | 1.40x | NT$-16.83 Million |
Industry Comparison
This section compares Est Global Apparel Co.Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $4,432,490,889
- Average return on equity (ROE) among peers: 9.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Est Global Apparel Co.Ltd (4413) | NT$343.91 Million | 14.05% | 0.46x | $11.04 Million |
| Tah Hsin Industrial Corp (1315) | $3.84 Billion | 6.99% | 0.54x | $112.20 Million |
| Tex-Ray Industrial Co Ltd (1467) | $1.78 Billion | 0.00% | 1.86x | $23.42 Million |
| Tainan Enterprises Co Ltd (1473) | $4.19 Billion | 5.35% | 0.64x | $52.82 Million |
| Eclat Textile Co Ltd (1476) | $8.12 Billion | 33.73% | 0.55x | $1.58 Billion |
| Makalot Industrial Co Ltd (1477) | $15.45 Billion | 22.76% | 0.58x | $1.92 Billion |
| Munsin Garment (2916) | $915.83 Million | 9.10% | 0.38x | $43.53 Million |
| Cayman Tung Ling Co Ltd (2924) | $644.14 Million | -15.03% | 0.69x | $8.00 Million |
| TOPBI International Holdings Ltd (2929) | $3.53 Billion | 23.72% | 0.58x | $18.49 Million |
| Roo Hsing Co Ltd (4414) | $1.44 Billion | 0.00% | 1.49x | $65.02 Million |