Jetbest (4741) - Net Assets

Latest as of December 2025: NT$917.60 Million TWD ≈ $28.91 Million USD

Based on the latest financial reports, Jetbest (4741) has net assets worth NT$917.60 Million TWD (≈ $28.91 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$1.12 Billion ≈ $35.14 Million USD) and total liabilities (NT$197.70 Million ≈ $6.23 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 Jetbest tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	NT$917.60 Million
% of Total Assets	82.27%
Annual Growth Rate	7.57%
5-Year Change	0.97%
10-Year Change	24.74%
Growth Volatility	12.83

Jetbest - Net Assets Trend (2009–2025)

This chart illustrates how Jetbest's net assets have evolved over time, based on quarterly financial data. See how many days can Jetbest fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Jetbest (2009–2025)

The table below shows the annual net assets of Jetbest from 2009 to 2025. For live valuation and market cap data, see Jetbest market cap and net worth.

Year	Net Assets	Change
2025-12-31	NT$917.60 Million ≈ $28.91 Million	-3.35%
2024-12-31	NT$949.39 Million ≈ $29.91 Million	+0.60%
2023-12-31	NT$943.74 Million ≈ $29.73 Million	+1.11%
2022-12-31	NT$933.35 Million ≈ $29.41 Million	+2.70%
2021-12-31	NT$908.80 Million ≈ $28.63 Million	+0.87%
2020-12-31	NT$900.93 Million ≈ $28.38 Million	-1.04%
2019-12-31	NT$910.42 Million ≈ $28.68 Million	-2.55%
2018-12-31	NT$934.26 Million ≈ $29.43 Million	-1.97%
2017-12-31	NT$953.02 Million ≈ $30.03 Million	+29.56%
2016-12-31	NT$735.60 Million ≈ $23.18 Million	-0.45%
2015-12-31	NT$738.93 Million ≈ $23.28 Million	+5.38%
2014-12-31	NT$701.19 Million ≈ $22.09 Million	+39.08%
2013-12-31	NT$504.18 Million ≈ $15.88 Million	+20.03%
2012-12-31	NT$420.03 Million ≈ $13.23 Million	+23.07%
2011-12-31	NT$341.30 Million ≈ $10.75 Million	+1.06%
2010-12-31	NT$337.71 Million ≈ $10.64 Million	+18.24%
2009-12-31	NT$285.61 Million ≈ $9.00 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 48.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	NT$77.00 Million	8.46%
Other Components	NT$833.55 Million	91.54%
Total Equity	NT$910.55 Million	100.00%

Jetbest Competitors by Market Cap

The table below lists competitors of Jetbest ranked by their market capitalization.

Company	Market Cap
Ybox Real Estate Ltd TA:YBOX	$79.52 Million
Mirae Asset Daewoo Co Ltd KO:006805	$79.53 Million
SanDi Properties Co Ltd TW:1438	$79.53 Million
Globex Mining Enterprises Inc. TO:GMX	$79.54 Million
ZOOZ Power Ltd. Ordinary Shares NASDAQ:ZOOZ	$79.51 Million
CAIRO MEZZ PLC EO-10 F:6H3	$79.50 Million
Rimbunan Sawit Bhd KLSE:5113	$79.45 Million
DP POLAND PLC F:2OP	$79.44 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 2024 to 2025, total equity changed from 939,968,000 to 910,550,000, a change of -29,418,000 (-3.1%).
Net income of 10,113,000 contributed positively to equity growth.
Dividend payments of 39,409,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	NT$10.11 Million	+1.11%
Dividends Paid	NT$39.41 Million	-4.33%
Other Changes	NT$-122.00K	-0.01%
Total Change	NT$-	-3.13%

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: 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 increased from 2.50x to 2.77x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	NT$29.02	NT$72.50	x
2018-12-31	NT$28.18	NT$72.50	x
2019-12-31	NT$27.29	NT$72.50	x
2020-12-31	NT$26.57	NT$72.50	x
2021-12-31	NT$26.83	NT$72.50	x
2022-12-31	NT$27.59	NT$72.50	x
2023-12-31	NT$28.23	NT$72.50	x
2024-12-31	NT$28.62	NT$72.50	x
2025-12-31	NT$26.16	NT$72.50	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): 1.11%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.09%
• Asset Turnover: 0.43x
• Equity Multiplier: 1.22x
Recent ROE (1.11%) is below the historical average (11.63%), 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$-28.74 Million
2025	1.11%	2.09%	0.43x	1.22x	NT$-80.94 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: $52,053,680,600
Average return on equity (ROE) among peers: 5.00%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jetbest (4741)	NT$917.60 Million	16.44%	0.22x	$79.52 Million
Formosa Plastics Corp (1301)	$90.03 Billion	7.45%	0.90x	$9.38 Billion
Nan Ya Plastics Corp (1303)	$337.95 Billion	10.57%	0.52x	$28.73 Billion
USI Corp (1304)	$31.10 Billion	2.06%	0.88x	$430.74 Million
China General Plastics Corp (1305)	$6.79 Billion	11.31%	0.82x	$231.57 Million
Asia Polymer Corp (1308)	$9.50 Billion	7.01%	0.54x	$252.53 Million
Taita Chemical Co Ltd (1309)	$6.65 Billion	-4.11%	0.34x	$181.00 Million
China Petrochemical Development Corp (1314)	$15.09 Billion	0.00%	2.50x	$915.79 Million
Ocean Plastics Co Ltd (1321)	$5.35 Billion	-1.34%	1.18x	$219.36 Million
Asia Plastic Recycling Holding Ltd (1337)	$10.11 Billion	11.21%	0.15x	$41.77 Million
Everlight Chemical Industrial Corp (1711)	$7.98 Billion	5.87%	0.70x	$744.65 Million

About Jetbest

TWO:4741 Taiwan Specialty Chemicals

Market Cap

$79.52 Million

NT$2.52 Billion TWD

Market Cap Rank

#20170 Global

#1194 in Taiwan

Share Price

NT$72.50

Change (1 day)

-2.68%

52-Week Range

NT$20.50 - NT$81.00

All Time High

NT$81.00