Tatung Fine Chemicals Co.
Tatung Fine Chemicals Co. engages in the development, manufacture, and sale of electrocoatings and electronic coatings in Taiwan. The company offers synthetic resins, industrial additives, paints, monomers, solvents, and electronic components, as well as oil-based and water-based coatings, such as epoxy electropolymer resins, acrylic electrocoatings, fanli water insulation coatings, resistive coa… Read more
Tatung Fine Chemicals Co. (4738) - Net Assets
Latest net assets as of June 2025: NT$129.78 Million TWD
Based on the latest financial reports, Tatung Fine Chemicals Co. (4738) has net assets worth NT$129.78 Million TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$318.54 Million) and total liabilities (NT$188.76 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$129.78 Million |
| % of Total Assets | 40.74% |
| Annual Growth Rate | 1.2% |
| 5-Year Change | 19.1% |
| 10-Year Change | N/A |
| Growth Volatility | 6.65 |
Tatung Fine Chemicals Co. - Net Assets Trend (2019–2024)
This chart illustrates how Tatung Fine Chemicals Co.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tatung Fine Chemicals Co. (2019–2024)
The table below shows the annual net assets of Tatung Fine Chemicals Co. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$134.61 Million | +8.15% |
| 2023-12-31 | NT$124.47 Million | +0.34% |
| 2022-12-31 | NT$124.05 Million | +5.46% |
| 2021-12-31 | NT$117.63 Million | +4.08% |
| 2020-12-31 | NT$113.02 Million | -10.87% |
| 2019-12-31 | NT$126.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tatung Fine Chemicals Co.'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 135700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$775.96 Million | 576.45% |
| Other Comprehensive Income | NT$-24.00 Million | -17.83% |
| Total Equity | NT$134.61 Million | 100.00% |
Tatung Fine Chemicals Co. Competitors by Market Cap
The table below lists competitors of Tatung Fine Chemicals Co. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SKONEC Entertainment Co. Ltd.
KQ:276040
|
$5.34 Million |
|
Royalindo Investa Wijaya
JK:INDO
|
$5.34 Million |
|
Vichitbhan Palmoil Public Company Limited
BK:VPO
|
$5.34 Million |
|
Bossdom Digiinnovation Co., Ltd.
TWO:6622
|
$5.35 Million |
|
GBM Resources Limited
PINK:GBMRF
|
$5.33 Million |
|
Concrete Leveling Systems Inc
PINK:CLEV
|
$5.33 Million |
|
C-SITE Co., Ltd.
KQ:109670
|
$5.33 Million |
|
Oxbridge Re Holdings Ltd
NASDAQ:OXBR
|
$5.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tatung Fine Chemicals Co.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 124,466,000 to 134,609,000, a change of 10,143,000 (8.1%).
- Net income of 5,951,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 3,076,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.95 Million | +4.42% |
| Other Comprehensive Income | NT$3.08 Million | +2.29% |
| Other Changes | NT$1.12 Million | +0.83% |
| Total Change | NT$- | 8.15% |
Book Value vs Market Value Analysis
This analysis compares Tatung Fine Chemicals Co.'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: 2.77x
- 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 3.07x to 2.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$1.63 | NT$5.02 | x |
| 2020-12-31 | NT$1.46 | NT$5.02 | x |
| 2021-12-31 | NT$1.52 | NT$5.02 | x |
| 2022-12-31 | NT$1.60 | NT$5.02 | x |
| 2023-12-31 | NT$1.60 | NT$5.02 | x |
| 2024-12-31 | NT$1.81 | NT$5.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tatung Fine Chemicals Co. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.02%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.59x
- Recent ROE (4.42%) is above the historical average (0.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.78% | 0.38% | 0.68x | 2.99x | NT$-11.69 Million |
| 2020 | -13.77% | -6.50% | 0.67x | 3.16x | NT$-26.87 Million |
| 2021 | 4.56% | 1.79% | 0.80x | 3.19x | NT$-6.40 Million |
| 2022 | 4.40% | 1.90% | 0.82x | 2.83x | NT$-6.94 Million |
| 2023 | 3.47% | 1.65% | 0.83x | 2.53x | NT$-8.12 Million |
| 2024 | 4.42% | 2.02% | 0.85x | 2.59x | NT$-7.51 Million |
Industry Comparison
This section compares Tatung Fine Chemicals Co.'s net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $54,220,016,500
- Average return on equity (ROE) among peers: 11.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tatung Fine Chemicals Co. (4738) | NT$129.78 Million | 0.78% | 1.45x | $5.34 Million |
| Formosa Plastics Corp (1301) | $135.33 Billion | 26.86% | 0.65x | $5.71 Billion |
| Nan Ya Plastics Corp (1303) | $334.15 Billion | 9.51% | 0.59x | $13.05 Billion |
| USI Corp (1304) | $8.99 Billion | 0.19% | 1.09x | $219.16 Million |
| China General Plastics Corp (1305) | $6.79 Billion | 11.31% | 0.82x | $157.48 Million |
| Asia Polymer Corp (1308) | $3.69 Billion | 6.19% | 0.25x | $159.03 Million |
| Taita Chemical Co Ltd (1309) | $6.36 Billion | 30.21% | 0.45x | $110.39 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $927.02 Million |
| Ocean Plastics Co Ltd (1321) | $6.60 Billion | 10.83% | 0.84x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $10.11 Billion | 11.21% | 0.15x | $40.27 Million |
| Everlight Chemical Industrial Corp (1711) | $8.14 Billion | 4.45% | 0.67x | $317.86 Million |