Kao Fong Machinery Co Ltd (4510) - Net Assets
Based on the latest financial reports, Kao Fong Machinery Co Ltd (4510) has net assets worth NT$2.01 Billion TWD (≈ $63.23 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$6.83 Billion ≈ $215.14 Million USD) and total liabilities (NT$4.82 Billion ≈ $151.91 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 4510 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.01 Billion |
| % of Total Assets | 29.39% |
| Annual Growth Rate | -2.26% |
| 5-Year Change | -4.82% |
| 10-Year Change | N/A |
| Growth Volatility | 4.1 |
Kao Fong Machinery Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Kao Fong Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Kao Fong Machinery Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Kao Fong Machinery Co Ltd (2017–2024)
The table below shows the annual net assets of Kao Fong Machinery Co Ltd from 2017 to 2024. For live valuation and market cap data, see 4510 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.96 Billion ≈ $61.82 Million |
+5.41% |
| 2023-12-31 | NT$1.86 Billion ≈ $58.65 Million |
+1.37% |
| 2022-12-31 | NT$1.84 Billion ≈ $57.85 Million |
-5.13% |
| 2021-12-31 | NT$1.94 Billion ≈ $60.98 Million |
-6.11% |
| 2020-12-31 | NT$2.06 Billion ≈ $64.95 Million |
-1.74% |
| 2019-12-31 | NT$2.10 Billion ≈ $66.10 Million |
-6.97% |
| 2018-12-31 | NT$2.26 Billion ≈ $71.05 Million |
-2.07% |
| 2017-12-31 | NT$2.30 Billion ≈ $72.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kao Fong Machinery 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 14.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$307.10 Million | 15.68% |
| Other Components | NT$1.65 Billion | 84.32% |
| Total Equity | NT$1.96 Billion | 100.00% |
Kao Fong Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of Kao Fong Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank Capital Indonesia Tbk
JK:BACA
|
$160.18 Million |
|
Asia Pacific Satellite Inc
KQ:211270
|
$160.21 Million |
|
Pinago Utama Tbk Pt
JK:PNGO
|
$160.22 Million |
|
LPKF Laser & Electronics AG
F:LPK
|
$160.28 Million |
|
Clavister Holding AB (publ.)
ST:CLAV
|
$159.89 Million |
|
BICO Group AB
ST:BICO
|
$159.82 Million |
|
Mayne Pharma Group Ltd
AU:MYX
|
$159.81 Million |
|
Ilyang Pharmaceutical Co Ltd
KO:007575
|
$159.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kao Fong Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,858,421,000 to 1,958,950,000, a change of 100,529,000 (5.4%).
- Net income of 113,537,000 contributed positively to equity growth.
- Dividend payments of 75,608,000 reduced retained earnings.
- Other factors increased equity by 62,600,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$113.54 Million | +5.8% |
| Dividends Paid | NT$75.61 Million | -3.86% |
| Other Changes | NT$62.60 Million | +3.2% |
| Total Change | NT$- | 5.41% |
Book Value vs Market Value Analysis
This analysis compares Kao Fong Machinery 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: 2.59x
- 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 2.21x to 2.59x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$21.29 | NT$47.00 | x |
| 2018-12-31 | NT$20.85 | NT$47.00 | x |
| 2019-12-31 | NT$19.40 | NT$47.00 | x |
| 2020-12-31 | NT$19.05 | NT$47.00 | x |
| 2021-12-31 | NT$17.88 | NT$47.00 | x |
| 2022-12-31 | NT$16.94 | NT$47.00 | x |
| 2023-12-31 | NT$17.21 | NT$47.00 | x |
| 2024-12-31 | NT$18.14 | NT$47.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kao Fong Machinery Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.67%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.25x
- Recent ROE (5.80%) is above the historical average (2.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.89% | 2.39% | 0.54x | 2.22x | NT$-163.56 Million |
| 2018 | 5.35% | 4.41% | 0.56x | 2.16x | NT$-104.79 Million |
| 2019 | -1.35% | -1.50% | 0.43x | 2.09x | NT$-237.69 Million |
| 2020 | -0.59% | -0.76% | 0.38x | 2.08x | NT$-218.03 Million |
| 2021 | -1.87% | -1.85% | 0.38x | 2.66x | NT$-229.24 Million |
| 2022 | 2.69% | 2.40% | 0.44x | 2.56x | NT$-134.12 Million |
| 2023 | 5.62% | 5.18% | 0.45x | 2.40x | NT$-81.47 Million |
| 2024 | 5.80% | 6.67% | 0.39x | 2.25x | NT$-82.36 Million |
Industry Comparison
This section compares Kao Fong Machinery Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $12,042,481,900
- Average return on equity (ROE) among peers: 8.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kao Fong Machinery Co Ltd (4510) | NT$2.01 Billion | 2.89% | 2.40x | $160.06 Million |
| TECO Electric & Machinery Co Ltd (1504) | $55.72 Billion | 6.25% | 0.66x | $4.61 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $8.16 Billion | 6.73% | 0.83x | $2.31 Billion |
| Anderson Industrial Corp (1528) | $1.76 Billion | 8.23% | 1.17x | $173.61 Million |
| Awea Mechantronic Co Ltd (1530) | $3.39 Billion | 6.22% | 0.76x | $78.83 Million |
| Kaulin Mfg (1531) | $3.74 Billion | 4.98% | 0.23x | $74.30 Million |
| Chiu Ting Machinery Co Ltd (1539) | $669.23 Million | -8.44% | 1.29x | $33.26 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.37 Billion | 3.35% | 0.19x | $56.42 Million |
| Sinmag Equipment (1580) | $2.04 Billion | 26.12% | 0.62x | $191.20 Million |
| Goodway Machine Corp (1583) | $8.41 Billion | 14.92% | 0.77x | $160.62 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $9.17 Billion |
About Kao Fong Machinery Co Ltd
Kao Fong Machinery Co., Ltd manufactures and sells machine tools and mechanical equipment in Taiwan, Asia, the United States, Europe, and other regions. It also offers double-column, vertical and horizontal processing machine center, light machining center, fixed double column machining center, and fixed column five-axis machining center series. Kao Fong Machinery Co., Ltd was founded in 1968 and… Read more