Kaofu Chemical Corporation
Kaofu Chemical Corporation engages in the manufacturing and sale of general purpose polystyrene and high impact polystyrene Taiwan. Its polystyrene is primarily used for household appliances and computer peripherals applications. The company was founded in 1968 and is headquartered in Kaohsiung, Taiwan.
Kaofu Chemical Corporation (4773) - Net Assets
Latest net assets as of September 2025: NT$1.25 Billion TWD
Based on the latest financial reports, Kaofu Chemical Corporation (4773) has net assets worth NT$1.25 Billion 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$1.70 Billion) and total liabilities (NT$445.92 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$1.25 Billion |
| % of Total Assets | 73.71% |
| Annual Growth Rate | 0.17% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.62 |
Kaofu Chemical Corporation - Net Assets Trend (2020–2024)
This chart illustrates how Kaofu Chemical 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 Kaofu Chemical Corporation (2020–2024)
The table below shows the annual net assets of Kaofu Chemical Corporation from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.26 Billion | -6.05% |
| 2023-12-31 | NT$1.34 Billion | -3.36% |
| 2022-12-31 | NT$1.38 Billion | +2.06% |
| 2021-12-31 | NT$1.36 Billion | +8.64% |
| 2020-12-31 | NT$1.25 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kaofu Chemical 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 decreased by 77.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$145.03 Million | 11.54% |
| Common Stock | NT$727.09 Million | 57.84% |
| Other Components | NT$385.00 Million | 30.63% |
| Total Equity | NT$1.26 Billion | 100.00% |
Kaofu Chemical Corporation Competitors by Market Cap
The table below lists competitors of Kaofu Chemical Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Base Carbon Inc
OTCQX:BCBNF
|
$19.23 Million |
|
Ajusteel Co. Ltd.
KO:139990
|
$19.23 Million |
|
Scan-D
TWO:6195
|
$19.23 Million |
|
Demco Public Company Limited
BK:DEMCO
|
$19.24 Million |
|
ADVENTURE INC
F:6OQ
|
$19.22 Million |
|
As Commercial Industrial Company of Computers and Toys S.A.
AT:ASCO
|
$19.22 Million |
|
CIMB Thai Bank Public Company Limited
BK:CIMBT
|
$19.21 Million |
|
JSW Pacific
TWO:5251
|
$19.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kaofu Chemical Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,338,052,000 to 1,257,129,000, a change of -80,923,000 (-6.0%).
- Net income of 115,828,000 contributed positively to equity growth.
- Dividend payments of 198,297,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$115.83 Million | +9.21% |
| Dividends Paid | NT$198.30 Million | -15.77% |
| Other Changes | NT$1.55 Million | +0.12% |
| Total Change | NT$- | -6.05% |
Book Value vs Market Value Analysis
This analysis compares Kaofu Chemical 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: 1.71x
- 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 1.26x to 1.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$23.46 | NT$29.55 | x |
| 2021-12-31 | NT$20.96 | NT$29.55 | x |
| 2022-12-31 | NT$21.08 | NT$29.55 | x |
| 2023-12-31 | NT$18.42 | NT$29.55 | x |
| 2024-12-31 | NT$17.29 | NT$29.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kaofu Chemical 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): 9.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.13%
- • Asset Turnover: 1.60x
- • Equity Multiplier: 1.40x
- Recent ROE (9.21%) is below the historical average (20.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 30.08% | 11.97% | 1.50x | 1.68x | NT$250.75 Million |
| 2021 | 33.84% | 11.12% | 1.95x | 1.56x | NT$323.44 Million |
| 2022 | 17.92% | 6.42% | 1.93x | 1.44x | NT$109.69 Million |
| 2023 | 9.83% | 4.39% | 1.63x | 1.38x | NT$-2.34 Million |
| 2024 | 9.21% | 4.13% | 1.60x | 1.40x | NT$-9.88 Million |
Industry Comparison
This section compares Kaofu Chemical 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 |
|---|---|---|---|---|
| Kaofu Chemical Corporation (4773) | NT$1.25 Billion | 30.08% | 0.36x | $19.23 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 |