New Best Wire Industrial Co Ltd
New Best Wire Industrial Co.,Ltd engages in the manufacturing and sales of cold heading quality wire drawing and electropolished stainless steel pipe products in Taiwan and China. The company offers carbon, alloy, and stainless steel wires. It also manufactures and trades high-strength alloy/carbon steel wire rods, engineering pipes, valves, and components of gas detection equipment. The company'… Read more
New Best Wire Industrial Co Ltd (5013) - Net Assets
Latest net assets as of December 2024: NT$5.13 Billion TWD
Based on the latest financial reports, New Best Wire Industrial Co Ltd (5013) has net assets worth NT$5.13 Billion TWD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$8.53 Billion) and total liabilities (NT$3.40 Billion). 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$5.13 Billion |
| % of Total Assets | 60.11% |
| Annual Growth Rate | 11.27% |
| 5-Year Change | 41.55% |
| 10-Year Change | 102.98% |
| Growth Volatility | 11.17 |
New Best Wire Industrial Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how New Best Wire Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for New Best Wire Industrial Co Ltd (2002–2024)
The table below shows the annual net assets of New Best Wire Industrial Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.13 Billion | +7.24% |
| 2023-12-31 | NT$4.78 Billion | +1.98% |
| 2022-12-31 | NT$4.69 Billion | +9.54% |
| 2021-12-31 | NT$4.28 Billion | +18.15% |
| 2020-12-31 | NT$3.62 Billion | +7.67% |
| 2019-12-31 | NT$3.36 Billion | +3.03% |
| 2018-12-31 | NT$3.26 Billion | +6.80% |
| 2017-12-31 | NT$3.06 Billion | +11.45% |
| 2016-12-31 | NT$2.74 Billion | +8.61% |
| 2015-12-31 | NT$2.53 Billion | +8.51% |
| 2014-12-31 | NT$2.33 Billion | +13.68% |
| 2013-12-31 | NT$2.05 Billion | +14.27% |
| 2012-12-31 | NT$1.79 Billion | -8.46% |
| 2011-12-31 | NT$1.96 Billion | +17.13% |
| 2010-12-31 | NT$1.67 Billion | +19.20% |
| 2009-12-31 | NT$1.40 Billion | -5.15% |
| 2008-12-31 | NT$1.48 Billion | +6.76% |
| 2007-12-31 | NT$1.38 Billion | +4.98% |
| 2006-12-31 | NT$1.32 Billion | +12.73% |
| 2005-12-31 | NT$1.17 Billion | +26.28% |
| 2004-12-31 | NT$926.41 Million | +33.43% |
| 2003-12-31 | NT$694.33 Million | +41.84% |
| 2002-12-31 | NT$489.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to New Best Wire Industrial Co Ltd'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 2190.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.86 Billion | 49.66% |
| Other Components | NT$1.89 Billion | 50.34% |
| Total Equity | NT$3.75 Billion | 100.00% |
New Best Wire Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of New Best Wire Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kalyani Investment Company Limited
NSE:KICL
|
$54.30 Million |
|
Oak Ridge Financial Services Inc
PINK:BKOR
|
$54.31 Million |
|
Pehuenche
SN:PEHUENCHE
|
$54.31 Million |
|
ALCAT
PA:ALCAT
|
$54.31 Million |
|
Oceanic Iron Ore Corp
V:FEO
|
$54.28 Million |
|
Alpha Divisions PCL
BK:ALPHAX
|
$54.26 Million |
|
Dubber Corporation Limited
PINK:DUBRF
|
$54.24 Million |
|
Meiloon Industrial Co Ltd
TW:2477
|
$54.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Best Wire Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,586,123,000 to 3,754,722,000, a change of 168,599,000 (4.7%).
- Net income of 222,034,000 contributed positively to equity growth.
- Dividend payments of 120,074,000 reduced retained earnings.
- Other factors increased equity by 66,639,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$222.03 Million | +5.91% |
| Dividends Paid | NT$120.07 Million | -3.2% |
| Other Changes | NT$66.64 Million | +1.77% |
| Total Change | NT$- | 4.70% |
Book Value vs Market Value Analysis
This analysis compares New Best Wire Industrial Co Ltd'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: 1.08x
- 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 1.72x to 1.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$17.64 | NT$30.30 | x |
| 2018-12-31 | NT$18.96 | NT$30.30 | x |
| 2019-12-31 | NT$19.36 | NT$30.30 | x |
| 2020-12-31 | NT$20.47 | NT$30.30 | x |
| 2021-12-31 | NT$24.42 | NT$30.30 | x |
| 2022-12-31 | NT$26.75 | NT$30.30 | x |
| 2023-12-31 | NT$26.88 | NT$30.30 | x |
| 2024-12-31 | NT$28.14 | NT$30.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Best Wire Industrial Co Ltd 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): 5.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.80%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 2.27x
- Recent ROE (5.91%) is below the historical average (12.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 14.68% | 5.94% | 0.97x | 2.55x | NT$22.91 Million |
| 2003 | 14.82% | 6.89% | 1.19x | 1.81x | NT$33.44 Million |
| 2004 | 27.48% | 10.03% | 1.48x | 1.85x | NT$161.91 Million |
| 2005 | 9.48% | 3.44% | 1.19x | 2.32x | NT$-4.85 Million |
| 2006 | 15.97% | 5.67% | 1.29x | 2.18x | NT$63.18 Million |
| 2007 | 10.30% | 3.12% | 1.35x | 2.45x | NT$3.33 Million |
| 2008 | 7.19% | 1.86% | 1.39x | 2.79x | NT$-32.53 Million |
| 2010 | 20.68% | 5.67% | 1.35x | 2.70x | NT$142.16 Million |
| 2011 | 12.12% | 3.57% | 1.27x | 2.68x | NT$32.34 Million |
| 2013 | 10.09% | 3.24% | 1.17x | 2.67x | NT$1.44 Million |
| 2014 | 12.27% | 3.87% | 1.19x | 2.65x | NT$40.33 Million |
| 2015 | 10.39% | 3.87% | 1.10x | 2.43x | NT$7.62 Million |
| 2016 | 14.64% | 5.14% | 1.05x | 2.72x | NT$97.19 Million |
| 2017 | 12.63% | 4.34% | 1.08x | 2.70x | NT$61.79 Million |
| 2018 | 11.59% | 3.82% | 1.06x | 2.86x | NT$40.31 Million |
| 2019 | 6.38% | 2.64% | 0.88x | 2.75x | NT$-93.45 Million |
| 2020 | 7.69% | 3.65% | 0.81x | 2.62x | NT$-62.98 Million |
| 2021 | 18.05% | 6.80% | 1.00x | 2.66x | NT$262.24 Million |
| 2022 | 15.17% | 5.99% | 1.08x | 2.34x | NT$184.46 Million |
| 2023 | 7.17% | 3.39% | 0.89x | 2.38x | NT$-101.49 Million |
| 2024 | 5.91% | 2.80% | 0.93x | 2.27x | NT$-153.44 Million |
Industry Comparison
This section compares New Best Wire Industrial Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,443,854,100
- Average return on equity (ROE) among peers: 15.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Best Wire Industrial Co Ltd (5013) | NT$5.13 Billion | 14.68% | 0.66x | $54.29 Million |
| Shihlin Electric & Engineering Corp (1503) | $12.57 Billion | 8.24% | 1.01x | $1.64 Billion |
| Allis Electric Co Ltd (1514) | $2.89 Billion | 7.47% | 0.97x | $721.68 Million |
| Fortune Electric Co Ltd (1519) | $3.07 Billion | 22.96% | 1.33x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $1.06 Billion | 4.03% | 0.77x | $95.39 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.92 Billion | 25.10% | 0.48x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.02 Billion | 8.63% | 0.64x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $9.01 Billion | 15.42% | 0.52x | $104.26 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $9.13 Billion | 9.31% | 1.76x | $714.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.82 Billion | 34.51% | 0.12x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $2.95 Billion | 17.78% | 0.52x | $96.72 Million |