Chain Chon Industrial Co Ltd (5014) - Net Assets
Based on the latest financial reports, Chain Chon Industrial Co Ltd (5014) has net assets worth NT$2.61 Billion TWD (≈ $82.20 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$8.82 Billion ≈ $277.77 Million USD) and total liabilities (NT$6.21 Billion ≈ $195.56 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 Chain Chon Industrial Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.61 Billion |
| % of Total Assets | 29.59% |
| Annual Growth Rate | 3.08% |
| 5-Year Change | 57.38% |
| 10-Year Change | N/A |
| Growth Volatility | 16.95 |
Chain Chon Industrial Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Chain Chon Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Chain Chon Industrial Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Chain Chon Industrial Co Ltd (2017–2024)
The table below shows the annual net assets of Chain Chon Industrial Co Ltd from 2017 to 2024. For live valuation and market cap data, see Chain Chon Industrial Co Ltd (5014) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.23 Billion ≈ $101.67 Million |
+6.63% |
| 2023-12-31 | NT$3.03 Billion ≈ $95.34 Million |
-5.76% |
| 2022-12-31 | NT$3.21 Billion ≈ $101.17 Million |
+24.91% |
| 2021-12-31 | NT$2.57 Billion ≈ $80.99 Million |
+25.38% |
| 2020-12-31 | NT$2.05 Billion ≈ $64.60 Million |
+11.67% |
| 2019-12-31 | NT$1.84 Billion ≈ $57.85 Million |
-5.70% |
| 2018-12-31 | NT$1.95 Billion ≈ $61.34 Million |
-25.40% |
| 2017-12-31 | NT$2.61 Billion ≈ $82.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chain Chon 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 95.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$661.93 Million | 20.57% |
| Other Components | NT$2.56 Billion | 79.43% |
| Total Equity | NT$3.22 Billion | 100.00% |
Chain Chon Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Chain Chon Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Osmond Resources Ltd
AU:OSM
|
$56.64 Million |
|
C-Tech United
TWO:3625
|
$56.66 Million |
|
Atakule Gayrimenkul Yatirim Ortakligi AS
IS:AGYO
|
$56.68 Million |
|
Litemax Electronics
TWO:4995
|
$56.68 Million |
|
NFON AG
XETRA:NFN
|
$56.61 Million |
|
Chung Fu Tex-International Corp
TW:1435
|
$56.59 Million |
|
NextSource Materials Inc
TO:NEXT
|
$56.58 Million |
|
DIVA Laboratories Ltd
TWO:4153
|
$56.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chain Chon Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,988,405,000 to 3,217,285,000, a change of 228,880,000 (7.7%).
- Net income of 216,016,000 contributed positively to equity growth.
- Dividend payments of 37,067,000 reduced retained earnings.
- Other factors increased equity by 49,931,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$216.02 Million | +6.71% |
| Dividends Paid | NT$37.07 Million | -1.15% |
| Other Changes | NT$49.93 Million | +1.55% |
| Total Change | NT$- | 7.66% |
Book Value vs Market Value Analysis
This analysis compares Chain Chon 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: 0.57x
- 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.
- The price-to-book ratio has decreased from 0.81x to 0.57x 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$12.05 | NT$9.81 | x |
| 2018-12-31 | NT$10.91 | NT$9.81 | x |
| 2019-12-31 | NT$10.15 | NT$9.81 | x |
| 2020-12-31 | NT$12.10 | NT$9.81 | x |
| 2021-12-31 | NT$15.35 | NT$9.81 | x |
| 2022-12-31 | NT$17.14 | NT$9.81 | x |
| 2023-12-31 | NT$16.11 | NT$9.81 | x |
| 2024-12-31 | NT$17.36 | NT$9.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chain Chon Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.32%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 3.59x
- Recent ROE (6.71%) is above the historical average (6.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.34% | 0.73% | 2.15x | 4.03x | NT$-73.02 Million |
| 2018 | -4.62% | -0.51% | 2.54x | 3.58x | NT$-263.85 Million |
| 2019 | 0.90% | 0.09% | 2.53x | 3.91x | NT$-154.71 Million |
| 2020 | 8.64% | 1.23% | 2.26x | 3.12x | NT$-27.68 Million |
| 2021 | 20.41% | 2.80% | 2.51x | 2.90x | NT$265.05 Million |
| 2022 | 11.87% | 1.98% | 2.18x | 2.76x | NT$59.37 Million |
| 2023 | 0.86% | 0.16% | 1.51x | 3.46x | NT$-273.14 Million |
| 2024 | 6.71% | 1.32% | 1.41x | 3.59x | NT$-105.71 Million |
Industry Comparison
This section compares Chain Chon Industrial Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $78,318,497,200
- Average return on equity (ROE) among peers: 5.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chain Chon Industrial Co Ltd (5014) | NT$2.61 Billion | 6.34% | 2.38x | $56.64 Million |
| Walsin Lihwa Corp (1605) | $59.38 Billion | 13.22% | 0.34x | $4.21 Billion |
| China Steel Corp (2002) | $331.95 Billion | 5.09% | 1.01x | $9.00 Billion |
| China Steel Corp Pref (2002A) | $342.25 Billion | 0.49% | 0.98x | $46.78 Million |
| Tung Ho Steel Enterprise Corp (2006) | $14.24 Billion | 17.57% | 0.78x | $1.50 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $3.22 Billion | -5.72% | 4.62x | $124.72 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $3.67 Billion | -10.06% | 0.43x | $165.35 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $9.90 Billion | 3.68% | 1.20x | $505.02 Million |
| Chun Yu Works & Co Ltd (2012) | $4.00 Billion | 6.23% | 1.65x | $129.09 Million |
| China Steel Structure Co Ltd (2013) | $2.65 Billion | 0.00% | 2.18x | $269.37 Million |
| Chung Hung Steel Corp (2014) | $11.93 Billion | 21.85% | 1.63x | $796.00 Million |
About Chain Chon Industrial Co Ltd
Chain Chon Industrial Co., Ltd. manufactures and sells stainless steel products in Taiwan and internationally. The company processes and markets cold rolled and hot rolled stainless steel coils, sheets, plates, strips, chequered plates, angle and flat bars, welded H-beams, polished coils or sheets, and other metals. Its products are used in various applications, such as chemical tanks, pipes, med… Read more