Bright Sheland International Co Ltd
Bright Sheland International Co., Ltd. researches, develops, manufactures, markets, and sells water filters and compressed air separation systems under the Filtrafine brand in Taiwan and internationally. The company offers depth, string wound, activated carbon, pleated, membrane, glass fiber, high flow, and stainless steel cartridges; filter bag; and plastic, single SS, multiple SS, bag, high flo… Read more
Bright Sheland International Co Ltd (4556) - Net Assets
Latest net assets as of September 2025: NT$778.05 Million TWD
Based on the latest financial reports, Bright Sheland International Co Ltd (4556) has net assets worth NT$778.05 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$1.55 Billion) and total liabilities (NT$767.27 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$778.05 Million |
| % of Total Assets | 50.35% |
| Annual Growth Rate | 5.1% |
| 5-Year Change | 6.13% |
| 10-Year Change | N/A |
| Growth Volatility | 8.85 |
Bright Sheland International Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Bright Sheland International 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 Bright Sheland International Co Ltd (2017–2024)
The table below shows the annual net assets of Bright Sheland International Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$832.00 Million | +2.57% |
| 2023-12-31 | NT$811.11 Million | -3.52% |
| 2022-12-31 | NT$840.67 Million | +7.49% |
| 2021-12-31 | NT$782.10 Million | -0.24% |
| 2020-12-31 | NT$783.96 Million | -1.28% |
| 2019-12-31 | NT$794.13 Million | +24.64% |
| 2018-12-31 | NT$637.16 Million | +8.47% |
| 2017-12-31 | NT$587.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bright Sheland International 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 46.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$39.83 Million | 4.79% |
| Other Components | NT$792.17 Million | 95.21% |
| Total Equity | NT$832.00 Million | 100.00% |
Bright Sheland International Co Ltd Competitors by Market Cap
The table below lists competitors of Bright Sheland International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MClean Technologies Bhd
KLSE:0167
|
$11.86 Million |
|
International Land Alliance Inc
OTCQB:ILAL
|
$11.86 Million |
|
Ebang International Holdings
NASDAQ:EBON
|
$11.86 Million |
|
Kapa Gold Inc.
V:KAPA
|
$11.86 Million |
|
Labyrinth Resources Limited
AU:LRL
|
$11.85 Million |
|
Cnergenz Bhd
KLSE:0246
|
$11.85 Million |
|
Partnera Oyj
HE:PARTNE1
|
$11.85 Million |
|
BIGG Digital Assets Inc
F:7111
|
$11.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bright Sheland International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 810,222,000 to 832,000,000, a change of 21,778,000 (2.7%).
- Net income of 14,273,000 contributed positively to equity growth.
- Dividend payments of 10,471,000 reduced retained earnings.
- Other factors increased equity by 17,976,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$14.27 Million | +1.72% |
| Dividends Paid | NT$10.47 Million | -1.26% |
| Other Changes | NT$17.98 Million | +2.16% |
| Total Change | NT$- | 2.69% |
Book Value vs Market Value Analysis
This analysis compares Bright Sheland International 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: 1.48x
- 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 1.79x to 1.48x 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$16.36 | NT$29.20 | x |
| 2018-12-31 | NT$17.74 | NT$29.20 | x |
| 2019-12-31 | NT$19.03 | NT$29.20 | x |
| 2020-12-31 | NT$15.78 | NT$29.20 | x |
| 2021-12-31 | NT$18.64 | NT$29.20 | x |
| 2022-12-31 | NT$16.81 | NT$29.20 | x |
| 2023-12-31 | NT$19.33 | NT$29.20 | x |
| 2024-12-31 | NT$19.67 | NT$29.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bright Sheland International Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.04%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.90x
- Recent ROE (1.72%) is below the historical average (3.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.42% | 3.48% | 0.40x | 1.73x | NT$-44.54 Million |
| 2018 | 9.73% | 12.48% | 0.46x | 1.68x | NT$-1.72 Million |
| 2019 | 5.09% | 8.08% | 0.42x | 1.49x | NT$-38.95 Million |
| 2020 | 2.65% | 4.08% | 0.31x | 2.13x | NT$-57.61 Million |
| 2021 | 1.59% | 2.10% | 0.33x | 2.31x | NT$-65.72 Million |
| 2022 | 3.89% | 4.67% | 0.38x | 2.20x | NT$-51.28 Million |
| 2023 | 0.51% | 0.68% | 0.37x | 1.99x | NT$-76.91 Million |
| 2024 | 1.72% | 2.04% | 0.44x | 1.90x | NT$-68.93 Million |
Industry Comparison
This section compares Bright Sheland International Co Ltd's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $962,206,714
- Average return on equity (ROE) among peers: 10.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bright Sheland International Co Ltd (4556) | NT$778.05 Million | 2.42% | 0.99x | $11.85 Million |
| China Ecotek Corp (1535) | $1.07 Billion | 6.11% | 2.19x | $62.12 Million |
| Desiccant Technology Corporation (5292) | $926.89 Million | 26.11% | 1.46x | $123.73 Million |
| GSD Technologies Co. Ltd (6641) | $671.50 Million | 3.84% | 0.67x | $8.86 Million |
| JG Environmental Technology Co.,Ltd. (6723) | $366.55 Million | 6.53% | 1.05x | $11.92 Million |
| Mega Union Technology Inc. (6944) | $1.05 Billion | 18.95% | 5.63x | $1.28 Billion |
| Fluxtek International Corp. (7443) | $261.28 Million | 7.47% | 1.23x | $2.50K |
| Super Dragon Technology Co Ltd (9955) | $2.40 Billion | 2.04% | 0.35x | $48.64 Million |