Chang Jia M&E Engineering
Chang Jia M&E Engineering Corp., together with its subsidiaries, engages in the planning, design, and engineering contracting of electrical, drainage, and air-conditioning equipment for various commercial buildings and factories in Taiwan. It operates through Mechanical and Electrical; and Sports and Leisure segments. The company offers project construction management services for water supply, d… Read more
Chang Jia M&E Engineering (4550) - Net Assets
Latest net assets as of September 2025: NT$922.24 Million TWD
Based on the latest financial reports, Chang Jia M&E Engineering (4550) has net assets worth NT$922.24 Million 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$1.64 Billion) and total liabilities (NT$715.58 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$922.24 Million |
| % of Total Assets | 56.31% |
| Annual Growth Rate | 4.95% |
| 5-Year Change | 17.54% |
| 10-Year Change | N/A |
| Growth Volatility | 3.7 |
Chang Jia M&E Engineering - Net Assets Trend (2017–2024)
This chart illustrates how Chang Jia M&E Engineering's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Chang Jia M&E Engineering (2017–2024)
The table below shows the annual net assets of Chang Jia M&E Engineering from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$978.41 Million | +4.19% |
| 2023-12-31 | NT$939.07 Million | +6.07% |
| 2022-12-31 | NT$885.37 Million | +7.63% |
| 2021-12-31 | NT$822.60 Million | -1.18% |
| 2020-12-31 | NT$832.41 Million | +3.78% |
| 2019-12-31 | NT$802.13 Million | +11.58% |
| 2018-12-31 | NT$718.88 Million | +3.01% |
| 2017-12-31 | NT$697.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chang Jia M&E Engineering'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 34.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$343.39 Million | 35.10% |
| Other Components | NT$635.02 Million | 64.90% |
| Total Equity | NT$978.41 Million | 100.00% |
Chang Jia M&E Engineering Competitors by Market Cap
The table below lists competitors of Chang Jia M&E Engineering ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Leaders Technology Investment Co. Ltd
KQ:019570
|
$15.67 Million |
|
Haiwan International Development Co Ltd
TWO:3252
|
$15.68 Million |
|
InfoBank Corporation
KQ:039290
|
$15.68 Million |
|
Ordell Minerals Ltd
AU:ORD
|
$15.68 Million |
|
Mentice AB
ST:MNTC
|
$15.67 Million |
|
Malaysia Airport Holdings Bhd
KLSE:5014
|
$15.67 Million |
|
Enimmune corporation
TWO:6564
|
$15.66 Million |
|
NextNRG Inc.
NASDAQ:NXXT
|
$15.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chang Jia M&E Engineering's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 939,072,000 to 978,412,000, a change of 39,340,000 (4.2%).
- Net income of 119,627,000 contributed positively to equity growth.
- Dividend payments of 79,461,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$119.63 Million | +12.23% |
| Dividends Paid | NT$79.46 Million | -8.12% |
| Other Changes | NT$-826.00K | -0.08% |
| Total Change | NT$- | 4.19% |
Book Value vs Market Value Analysis
This analysis compares Chang Jia M&E Engineering'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: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.27x to 0.98x 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$19.86 | NT$25.30 | x |
| 2018-12-31 | NT$19.98 | NT$25.30 | x |
| 2019-12-31 | NT$21.20 | NT$25.30 | x |
| 2020-12-31 | NT$21.85 | NT$25.30 | x |
| 2021-12-31 | NT$21.61 | NT$25.30 | x |
| 2022-12-31 | NT$23.29 | NT$25.30 | x |
| 2023-12-31 | NT$24.74 | NT$25.30 | x |
| 2024-12-31 | NT$25.86 | NT$25.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chang Jia M&E Engineering utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.57%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.80x
- Recent ROE (12.23%) is above the historical average (10.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 7.37% | 3.57% | 0.85x | 2.42x | NT$-18.36 Million |
| 2018 | 7.38% | 4.41% | 0.77x | 2.19x | NT$-18.85 Million |
| 2019 | 12.85% | 8.93% | 0.69x | 2.08x | NT$22.83 Million |
| 2020 | 10.31% | 6.44% | 0.74x | 2.15x | NT$2.55 Million |
| 2021 | 6.50% | 3.77% | 0.76x | 2.28x | NT$-28.76 Million |
| 2022 | 12.09% | 7.90% | 0.78x | 1.96x | NT$18.50 Million |
| 2023 | 13.12% | 6.45% | 0.94x | 2.16x | NT$29.29 Million |
| 2024 | 12.23% | 9.57% | 0.71x | 1.80x | NT$21.79 Million |
Industry Comparison
This section compares Chang Jia M&E Engineering's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,170,391,600
- Average return on equity (ROE) among peers: 6.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chang Jia M&E Engineering (4550) | NT$922.24 Million | 7.37% | 0.78x | $15.67 Million |
| Tri Ocean Textile Co Ltd (1472) | $333.36 Million | -10.62% | 2.04x | $47.78 Million |
| Ju-Kao Engineering Co., Ltd. (1594) | $297.75 Million | -0.44% | 0.99x | $1.54 Million |
| United Integrated Services Co Ltd (2404) | $6.61 Billion | 18.38% | 1.52x | $4.54 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $63.02 Million |
| BES Engineering Co (2515) | $19.46 Billion | 1.31% | 1.00x | $632.27 Million |
| New Asia Construction & Development Corp (2516) | $2.41 Billion | 2.77% | 2.80x | $83.75 Million |
| Delpha Construction Co Ltd (2530) | $3.35 Billion | 17.30% | 0.87x | $263.82 Million |
| Da-Cin Construction Co Ltd (2535) | $7.35 Billion | 8.58% | 1.32x | $428.26 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.87 Billion | 14.12% | 1.47x | $514.98 Million |
| Kedge Construction Co Ltd (2546) | $1.88 Billion | 6.30% | 1.33x | $163.03 Million |