Jetbest
Jetbest Corporation engages in the research, development, manufacture, and sale of inkjet printing products in Taiwan and internationally. The company provides wide format inks, such as UV inks, eco solvent pigment inks, and water dye and pigment inks; textile inks, including dye sublimation inks, direct to film printing, and direct glue to film printing; and latex, magic, and desktop inks. It al… Read more
Jetbest (4741) - Net Assets
Latest net assets as of September 2025: NT$906.46 Million TWD
Based on the latest financial reports, Jetbest (4741) has net assets worth NT$906.46 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$1.11 Billion) and total liabilities (NT$206.51 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$906.46 Million |
| % of Total Assets | 81.44% |
| Annual Growth Rate | 8.34% |
| 5-Year Change | 5.38% |
| 10-Year Change | 28.48% |
| Growth Volatility | 12.89 |
Jetbest - Net Assets Trend (2009–2024)
This chart illustrates how Jetbest's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jetbest (2009–2024)
The table below shows the annual net assets of Jetbest from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$949.39 Million | +0.60% |
| 2023-12-31 | NT$943.74 Million | +1.11% |
| 2022-12-31 | NT$933.35 Million | +2.70% |
| 2021-12-31 | NT$908.80 Million | +0.87% |
| 2020-12-31 | NT$900.93 Million | -1.04% |
| 2019-12-31 | NT$910.42 Million | -2.55% |
| 2018-12-31 | NT$934.26 Million | -1.97% |
| 2017-12-31 | NT$953.02 Million | +29.56% |
| 2016-12-31 | NT$735.60 Million | -0.45% |
| 2015-12-31 | NT$738.93 Million | +5.38% |
| 2014-12-31 | NT$701.19 Million | +39.08% |
| 2013-12-31 | NT$504.18 Million | +20.03% |
| 2012-12-31 | NT$420.03 Million | +23.07% |
| 2011-12-31 | NT$341.30 Million | +1.06% |
| 2010-12-31 | NT$337.71 Million | +18.24% |
| 2009-12-31 | NT$285.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jetbest'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 153.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$131.78 Million | 14.02% |
| Other Components | NT$808.19 Million | 85.98% |
| Total Equity | NT$939.97 Million | 100.00% |
Jetbest Competitors by Market Cap
The table below lists competitors of Jetbest ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CU Tech Corp.
KQ:376290
|
$9.82 Million |
|
World Health Energy
PINK:WHEN
|
$9.83 Million |
|
Sungchang Autotech Co. Ltd
KQ:080470
|
$9.83 Million |
|
KHD Humboldt Wedag International AG
PINK:KHDHF
|
$9.83 Million |
|
Elton International Trading Company S.A
AT:ELTON
|
$9.82 Million |
|
Hantop Inc
KQ:002680
|
$9.82 Million |
|
Rane Engine Valve Limited
NSE:RANEENGINE
|
$9.82 Million |
|
Dayou AP Co.Ltd
KQ:290120
|
$9.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jetbest's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 933,958,000 to 939,968,000, a change of 6,010,000 (0.6%).
- Net income of 65,261,000 contributed positively to equity growth.
- Dividend payments of 59,115,000 reduced retained earnings.
- Other comprehensive income decreased equity by 119,602,000.
- Other factors increased equity by 119,466,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$65.26 Million | +6.94% |
| Dividends Paid | NT$59.12 Million | -6.29% |
| Other Comprehensive Income | NT$-119.60 Million | -12.72% |
| Other Changes | NT$119.47 Million | +12.71% |
| Total Change | NT$- | 0.64% |
Book Value vs Market Value Analysis
This analysis compares Jetbest'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: 0.83x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$29.02 | NT$22.40 | x |
| 2018-12-31 | NT$28.18 | NT$22.40 | x |
| 2019-12-31 | NT$27.29 | NT$22.40 | x |
| 2020-12-31 | NT$26.57 | NT$22.40 | x |
| 2021-12-31 | NT$26.83 | NT$22.40 | x |
| 2022-12-31 | NT$27.59 | NT$22.40 | x |
| 2023-12-31 | NT$28.23 | NT$22.40 | x |
| 2024-12-31 | NT$27.00 | NT$22.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jetbest 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): 6.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.06%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.21x
- Recent ROE (6.94%) is below the historical average (12.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 16.44% | 15.63% | 0.86x | 1.22x | NT$18.40 Million |
| 2010 | 19.69% | 16.46% | 0.93x | 1.28x | NT$32.72 Million |
| 2011 | 13.78% | 11.47% | 0.90x | 1.34x | NT$12.90 Million |
| 2012 | 23.01% | 15.96% | 1.00x | 1.44x | NT$54.65 Million |
| 2013 | 22.03% | 18.22% | 0.73x | 1.65x | NT$60.67 Million |
| 2014 | 20.84% | 18.75% | 0.73x | 1.52x | NT$75.99 Million |
| 2015 | 18.67% | 17.92% | 0.64x | 1.64x | NT$64.06 Million |
| 2016 | 14.19% | 14.11% | 0.66x | 1.53x | NT$30.81 Million |
| 2017 | 9.05% | 11.57% | 0.65x | 1.20x | NT$-9.08 Million |
| 2018 | 7.67% | 10.12% | 0.61x | 1.23x | NT$-21.54 Million |
| 2019 | 4.31% | 5.49% | 0.62x | 1.27x | NT$-51.19 Million |
| 2020 | 3.42% | 5.13% | 0.52x | 1.28x | NT$-57.65 Million |
| 2021 | 3.35% | 4.71% | 0.54x | 1.32x | NT$-58.86 Million |
| 2022 | 6.03% | 7.61% | 0.62x | 1.28x | NT$-36.23 Million |
| 2023 | 7.09% | 10.21% | 0.56x | 1.25x | NT$-27.20 Million |
| 2024 | 6.94% | 11.06% | 0.52x | 1.21x | NT$-28.74 Million |
Industry Comparison
This section compares Jetbest's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $44,934,559,200
- Average return on equity (ROE) among peers: 11.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jetbest (4741) | NT$906.46 Million | 16.44% | 0.23x | $9.82 Million |
| Formosa Plastics Corp (1301) | $225.33 Billion | 12.22% | 0.47x | $5.82 Billion |
| Nan Ya Plastics Corp (1303) | $142.47 Billion | 14.77% | 1.15x | $13.36 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $220.86 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $9.82 Billion | 5.76% | 0.52x | $156.91 Million |
| Taita Chemical Co Ltd (1309) | $3.69 Billion | 0.65% | 0.67x | $113.99 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $42.00 Million |
| Everlight Chemical Industrial Corp (1711) | $6.07 Billion | 11.90% | 0.51x | $317.86 Million |