Chang Jia M&E Engineering (4550) - Net Assets
Based on the latest financial reports, Chang Jia M&E Engineering (4550) has net assets worth NT$949.71 Million TWD (≈ $29.92 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.71 Billion ≈ $53.94 Million USD) and total liabilities (NT$762.22 Million ≈ $24.01 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 how resilient are Chang Jia M&E Engineering's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$949.71 Million |
| % of Total Assets | 55.48% |
| Annual Growth Rate | 3.93% |
| 5-Year Change | 15.45% |
| 10-Year Change | N/A |
| Growth Volatility | 4.34 |
Chang Jia M&E Engineering - Net Assets Trend (2017–2025)
This chart illustrates how Chang Jia M&E Engineering's net assets have evolved over time, based on quarterly financial data. Also explore 4550 total assets for the complete picture of this company's asset base.
Annual Net Assets for Chang Jia M&E Engineering (2017–2025)
The table below shows the annual net assets of Chang Jia M&E Engineering from 2017 to 2025. For live valuation and market cap data, see Chang Jia M&E Engineering stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$949.71 Million ≈ $29.92 Million |
-2.93% |
| 2024-12-31 | NT$978.41 Million ≈ $30.83 Million |
+4.19% |
| 2023-12-31 | NT$939.07 Million ≈ $29.59 Million |
+6.07% |
| 2022-12-31 | NT$885.37 Million ≈ $27.89 Million |
+7.63% |
| 2021-12-31 | NT$822.60 Million ≈ $25.92 Million |
-1.18% |
| 2020-12-31 | NT$832.41 Million ≈ $26.23 Million |
+3.78% |
| 2019-12-31 | NT$802.13 Million ≈ $25.27 Million |
+11.58% |
| 2018-12-31 | NT$718.88 Million ≈ $22.65 Million |
+3.01% |
| 2017-12-31 | NT$697.86 Million ≈ $21.99 Million |
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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 18.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$303.73 Million | 31.98% |
| Other Components | NT$645.98 Million | 68.02% |
| Total Equity | NT$949.71 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 |
|---|---|
|
Asia Precision Public Company Limited
BK:APCS
|
$28.80 Million |
|
DCM Nouvelle Limited
NSE:DCMNVL
|
$28.80 Million |
|
Lee Enterprises Incorporated
NASDAQ:LEE
|
$28.81 Million |
|
Perdana Gapura Prima Tbk
JK:GPRA
|
$28.82 Million |
|
Ebusco Holding BV
AS:EBUS
|
$28.78 Million |
|
Wonil Special Steel Co. Ltd
KQ:012620
|
$28.77 Million |
|
Bonava AB (publ)
ST:BONAV-A
|
$28.76 Million |
|
Software Acquisition Group III Inc
NASDAQ:SWAG
|
$28.76 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 2024 to 2025, total equity changed from 978,412,000 to 949,711,000, a change of -28,701,000 (-2.9%).
- Net income of 50,586,000 contributed positively to equity growth.
- Dividend payments of 75,678,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$50.59 Million | +5.33% |
| Dividends Paid | NT$75.68 Million | -7.97% |
| Other Changes | NT$-3.61 Million | -0.38% |
| Total Change | NT$- | -2.93% |
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: 0.96x
- 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 1.22x to 0.96x 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$24.15 | x |
| 2018-12-31 | NT$19.98 | NT$24.15 | x |
| 2019-12-31 | NT$21.20 | NT$24.15 | x |
| 2020-12-31 | NT$21.85 | NT$24.15 | x |
| 2021-12-31 | NT$21.61 | NT$24.15 | x |
| 2022-12-31 | NT$23.29 | NT$24.15 | x |
| 2023-12-31 | NT$24.74 | NT$24.15 | x |
| 2024-12-31 | NT$25.86 | NT$24.15 | x |
| 2025-12-31 | NT$25.10 | NT$24.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chang Jia M&E Engineering utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.50%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.80x
- Recent ROE (5.33%) is below the historical average (9.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 7.37% | 3.57% | 0.85x | 2.42x | NT$-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$21.79 Million |
| 2025 | 5.33% | 5.50% | 0.54x | 1.80x | NT$-44.39 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: $5,966,943,900
- Average return on equity (ROE) among peers: 9.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chang Jia M&E Engineering (4550) | NT$949.71 Million | 7.37% | 0.80x | $28.79 Million |
| Tri Ocean Textile Co Ltd (1472) | $1.42 Billion | 9.97% | 0.87x | $147.67 Million |
| United Integrated Services Co Ltd (2404) | $4.36 Billion | 2.90% | 0.88x | $5.64 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $150.06 Million |
| BES Engineering Co (2515) | $20.42 Billion | 3.03% | 1.06x | $661.08 Million |
| New Asia Construction & Development Corp (2516) | $1.82 Billion | 2.97% | 2.45x | $97.31 Million |
| Delpha Construction Co Ltd (2530) | $2.85 Billion | 11.76% | 1.16x | $551.78 Million |
| Da-Cin Construction Co Ltd (2535) | $8.83 Billion | 13.87% | 1.48x | $590.36 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.08 Billion | 8.97% | 2.20x | $783.30 Million |
| Kedge Construction Co Ltd (2546) | $2.53 Billion | 16.09% | 1.76x | $347.48 Million |
| Ruentex Engineering & Construction Co Ltd (2597) | $8.21 Billion | 22.43% | 1.12x | $1.54 Billion |
About 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