Taiwan Speciality Chemicals Corporation
Taiwan Speciality Chemicals Corporation manufactures and sells specialty electronic-grade gases and chemicals in Taiwan. It offers electronic grade pure disilane and trisilane; electronic grade silane supply services; and semiconductor-grade dry etching specialty gas - anhydrous hydrogen fluoride. The company was founded in 2013 and is based in Changhua, Taiwan.
Taiwan Speciality Chemicals Corporation (4772) - Net Assets
Latest net assets as of June 2024: NT$1.77 Billion TWD
Based on the latest financial reports, Taiwan Speciality Chemicals Corporation (4772) has net assets worth NT$1.77 Billion TWD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.00 Billion) and total liabilities (NT$225.29 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$1.77 Billion |
| % of Total Assets | 88.73% |
| Annual Growth Rate | 8.32% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.31 |
Taiwan Speciality Chemicals Corporation - Net Assets Trend (2020–2023)
This chart illustrates how Taiwan Speciality Chemicals Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Taiwan Speciality Chemicals Corporation (2020–2023)
The table below shows the annual net assets of Taiwan Speciality Chemicals Corporation from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$1.76 Billion | +3.64% |
| 2022-12-31 | NT$1.69 Billion | +7.49% |
| 2021-12-31 | NT$1.58 Billion | +14.07% |
| 2020-12-31 | NT$1.38 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Speciality Chemicals Corporation'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 190152600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$374.22 Million | 21.30% |
| Common Stock | NT$1.38 Billion | 78.70% |
| Total Equity | NT$1.76 Billion | 100.00% |
Taiwan Speciality Chemicals Corporation Competitors by Market Cap
The table below lists competitors of Taiwan Speciality Chemicals Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Lutianhua Co Ltd
SHE:000912
|
$897.13 Million |
|
Yuanbao Inc. American Depositary Shares
NASDAQ:YB
|
$897.19 Million |
|
REPT BATTERO Energy Co., Ltd.
F:L52
|
$897.30 Million |
|
Wonik Holdings Co. Ltd
KQ:030530
|
$897.68 Million |
|
Gansu Yasheng Industrial Group Co Ltd
SHG:600108
|
$896.87 Million |
|
Jiangsu Leadmicro Nano Technology Co. Ltd. A
SHG:688147
|
$896.71 Million |
|
Client Service International Inc
SHE:300663
|
$896.59 Million |
|
Kinpo Electronics Inc
TW:2312
|
$896.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Speciality Chemicals Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,694,930,000 to 1,756,582,000, a change of 61,652,000 (3.6%).
- Net income of 155,653,000 contributed positively to equity growth.
- Dividend payments of 94,001,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$155.65 Million | +8.86% |
| Dividends Paid | NT$94.00 Million | -5.35% |
| Total Change | NT$- | 3.64% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Speciality Chemicals Corporation'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: 25.90x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 32.80x to 25.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$10.00 | NT$328.00 | x |
| 2021-12-31 | NT$11.37 | NT$328.00 | x |
| 2022-12-31 | NT$12.21 | NT$328.00 | x |
| 2023-12-31 | NT$12.66 | NT$328.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Speciality Chemicals Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.12%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.05x
- Recent ROE (8.86%) is above the historical average (6.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -6.74% | -22.35% | 0.24x | 1.27x | NT$-231.34 Million |
| 2021 | 12.33% | 37.71% | 0.30x | 1.08x | NT$36.76 Million |
| 2022 | 12.27% | 39.07% | 0.30x | 1.06x | NT$38.48 Million |
| 2023 | 8.86% | 28.12% | 0.30x | 1.05x | NT$-20.01 Million |
Industry Comparison
This section compares Taiwan Speciality Chemicals Corporation'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 |
|---|---|---|---|---|
| Taiwan Speciality Chemicals Corporation (4772) | NT$1.77 Billion | -6.74% | 0.13x | $896.95 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 |