Tah Kong Chemical Industrial (4706) - Net Assets
Based on the latest financial reports, Tah Kong Chemical Industrial (4706) has net assets worth NT$1.46 Billion TWD (≈ $45.87 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$1.59 Billion ≈ $50.05 Million USD) and total liabilities (NT$132.58 Million ≈ $4.18 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 Tah Kong Chemical Industrial liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.46 Billion |
| % of Total Assets | 91.65% |
| Annual Growth Rate | 1.11% |
| 5-Year Change | 3.22% |
| 10-Year Change | N/A |
| Growth Volatility | 2.55 |
Tah Kong Chemical Industrial - Net Assets Trend (2017–2024)
This chart illustrates how Tah Kong Chemical Industrial's net assets have evolved over time, based on quarterly financial data. Also explore Tah Kong Chemical Industrial total assets for the complete picture of this company's asset base.
Annual Net Assets for Tah Kong Chemical Industrial (2017–2024)
The table below shows the annual net assets of Tah Kong Chemical Industrial from 2017 to 2024. For live valuation and market cap data, see 4706 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.53 Billion ≈ $48.22 Million |
+5.48% |
| 2023-12-31 | NT$1.45 Billion ≈ $45.71 Million |
-2.45% |
| 2022-12-31 | NT$1.49 Billion ≈ $46.86 Million |
-0.68% |
| 2021-12-31 | NT$1.50 Billion ≈ $47.18 Million |
+1.00% |
| 2020-12-31 | NT$1.48 Billion ≈ $46.71 Million |
+3.92% |
| 2019-12-31 | NT$1.43 Billion ≈ $44.95 Million |
-0.51% |
| 2018-12-31 | NT$1.43 Billion ≈ $45.18 Million |
+1.22% |
| 2017-12-31 | NT$1.42 Billion ≈ $44.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tah Kong Chemical Industrial'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 56.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$279.16 Million | 18.25% |
| Other Components | NT$1.25 Billion | 81.75% |
| Total Equity | NT$1.53 Billion | 100.00% |
Tah Kong Chemical Industrial Competitors by Market Cap
The table below lists competitors of Tah Kong Chemical Industrial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intercont (Cayman) Limited Ordinary shares
NASDAQ:NCT
|
$81.42 Million |
|
Kudelski
SW:KUD
|
$81.45 Million |
|
ATHOS IMMO (IJM.SG)
STU:IJM
|
$81.46 Million |
|
Done.ai Group AB
ST:DONE
|
$81.47 Million |
|
Asiana IDT Inc
KO:267850
|
$81.39 Million |
|
Genasys Inc
NASDAQ:GNSS
|
$81.38 Million |
|
Helius Medical Technologies Inc Class A
NASDAQ:HSDT
|
$81.36 Million |
|
SFP Tech Holdings Bhd
KLSE:0251
|
$81.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tah Kong Chemical Industrial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,450,121,000 to 1,529,604,000, a change of 79,483,000 (5.5%).
- Net income of 78,104,000 contributed positively to equity growth.
- Dividend payments of 15,806,000 reduced retained earnings.
- Other factors increased equity by 17,185,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$78.10 Million | +5.11% |
| Dividends Paid | NT$15.81 Million | -1.03% |
| Other Changes | NT$17.18 Million | +1.12% |
| Total Change | NT$- | 5.48% |
Book Value vs Market Value Analysis
This analysis compares Tah Kong Chemical Industrial'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: 1.69x
- 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 1.83x to 1.69x 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$17.90 | NT$32.70 | x |
| 2018-12-31 | NT$18.14 | NT$32.70 | x |
| 2019-12-31 | NT$18.04 | NT$32.70 | x |
| 2020-12-31 | NT$18.75 | NT$32.70 | x |
| 2021-12-31 | NT$18.94 | NT$32.70 | x |
| 2022-12-31 | NT$18.81 | NT$32.70 | x |
| 2023-12-31 | NT$18.35 | NT$32.70 | x |
| 2024-12-31 | NT$19.35 | NT$32.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tah Kong Chemical Industrial utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.51%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.11x
- Recent ROE (5.11%) is below the historical average (5.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.11% | 7.76% | 0.98x | 1.20x | NT$-12.58 Million |
| 2018 | 7.13% | 6.10% | 0.94x | 1.24x | NT$-41.10 Million |
| 2019 | 5.72% | 5.45% | 0.90x | 1.17x | NT$-61.09 Million |
| 2020 | 6.52% | 7.42% | 0.74x | 1.19x | NT$-51.62 Million |
| 2021 | 5.96% | 6.17% | 0.84x | 1.15x | NT$-60.49 Million |
| 2022 | 3.42% | 4.17% | 0.74x | 1.11x | NT$-97.78 Million |
| 2023 | 0.39% | 0.52% | 0.68x | 1.10x | NT$-139.42 Million |
| 2024 | 5.11% | 6.51% | 0.70x | 1.11x | NT$-74.86 Million |
Industry Comparison
This section compares Tah Kong Chemical Industrial's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $54,631,660,400
- Average return on equity (ROE) among peers: 2.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tah Kong Chemical Industrial (4706) | NT$1.46 Billion | 9.11% | 0.09x | $81.42 Million |
| Formosa Plastics Corp (1301) | $180.20 Billion | 10.94% | 0.63x | $10.33 Billion |
| Nan Ya Plastics Corp (1303) | $257.74 Billion | 1.64% | 0.75x | $22.39 Billion |
| USI Corp (1304) | $10.21 Billion | 0.00% | 0.95x | $484.79 Million |
| China General Plastics Corp (1305) | $4.59 Billion | -7.19% | 1.20x | $271.85 Million |
| Asia Polymer Corp (1308) | $9.45 Billion | 6.54% | 0.10x | $281.53 Million |
| Taita Chemical Co Ltd (1309) | $3.99 Billion | 5.21% | 1.19x | $260.54 Million |
| China Petrochemical Development Corp (1314) | $67.19 Billion | 6.39% | 0.34x | $884.79 Million |
| Ocean Plastics Co Ltd (1321) | $4.96 Billion | -2.93% | 0.96x | $211.37 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $80.00K | 0.00% | 0.25x | $42.54 Million |
| Everlight Chemical Industrial Corp (1711) | $7.98 Billion | 5.87% | 0.70x | $975.03 Million |
About Tah Kong Chemical Industrial
Tah Kong Chemical Industrial Corporation manufactures, processes, and sells paints, pigments, and intermediates in Taiwan, Asia, and internationally. The company offers PVC, PU, and polyolefin processed pigments. It also provides aqueous pigment dispersions and UV curable products; and organic pigments for various applications, including ink, plastic, rubber, fiber, paint, stationery, etc. In add… Read more