Song Ho Industrial Co Ltd
Song Ho Industrial Co., Ltd., together with its subsidiaries, manufactures and sells various steel products in Taiwan, Japan, Thailand, Mainland China, Vietnam, and internationally. The company offers hard drawn steel, roping, spring, spoke, flat, annealed steel, and galvanized steel wires; and cross lay ropes, fiber core and independent wire rope core (IWRC) parallel lay ropes, elevator wire rop… Read more
Song Ho Industrial Co Ltd (5016) - Net Assets
Latest net assets as of June 2025: NT$1.45 Billion TWD
Based on the latest financial reports, Song Ho Industrial Co Ltd (5016) has net assets worth NT$1.45 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.62 Billion) and total liabilities (NT$1.17 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$1.45 Billion |
| % of Total Assets | 55.33% |
| Annual Growth Rate | 2.21% |
| 5-Year Change | 7.93% |
| 10-Year Change | N/A |
| Growth Volatility | 4.54 |
Song Ho Industrial Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Song Ho 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 Song Ho Industrial Co Ltd (2017–2024)
The table below shows the annual net assets of Song Ho Industrial Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.50 Billion | +3.64% |
| 2023-12-31 | NT$1.45 Billion | -1.86% |
| 2022-12-31 | NT$1.48 Billion | -3.39% |
| 2021-12-31 | NT$1.53 Billion | +9.84% |
| 2020-12-31 | NT$1.39 Billion | +6.55% |
| 2019-12-31 | NT$1.31 Billion | -1.84% |
| 2018-12-31 | NT$1.33 Billion | +3.20% |
| 2017-12-31 | NT$1.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Song Ho 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 decreased by 13.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$673.88 Million | 45.19% |
| Other Components | NT$817.27 Million | 54.81% |
| Total Equity | NT$1.49 Billion | 100.00% |
Song Ho Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Song Ho Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Isbir Sentetik Dokuma Sanayi AS
IS:ISSEN
|
$18.40 Million |
|
Shian Yih Electronic Industry Co Ltd
TWO:3531
|
$18.41 Million |
|
Jiangsu Boxin Investing & Holdings Co Ltd
SHG:600083
|
$18.41 Million |
|
Itaconix plc
OTCQB:ITXXF
|
$18.41 Million |
|
National Bank of Coxsackie
PINK:NCXS
|
$18.39 Million |
|
A2Z Infra Engineering Limited
NSE:A2ZINFRA
|
$18.39 Million |
|
464680
KQ:464680
|
$18.38 Million |
|
Fiplasto SA
BA:FIPL
|
$18.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Song Ho Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,438,942,000 to 1,491,148,000, a change of 52,206,000 (3.6%).
- Net income of 84,692,000 contributed positively to equity growth.
- Dividend payments of 34,735,000 reduced retained earnings.
- Other comprehensive income decreased equity by 306,186,999.
- Other factors increased equity by 308,435,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$84.69 Million | +5.68% |
| Dividends Paid | NT$34.73 Million | -2.33% |
| Other Comprehensive Income | NT$-306.19 Million | -20.53% |
| Other Changes | NT$308.44 Million | +20.68% |
| Total Change | NT$- | 3.63% |
Book Value vs Market Value Analysis
This analysis compares Song Ho 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: 0.82x
- 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 0.96x to 0.82x 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$25.82 | NT$24.70 | x |
| 2018-12-31 | NT$26.64 | NT$24.70 | x |
| 2019-12-31 | NT$26.14 | NT$24.70 | x |
| 2020-12-31 | NT$27.82 | NT$24.70 | x |
| 2021-12-31 | NT$30.56 | NT$24.70 | x |
| 2022-12-31 | NT$29.52 | NT$24.70 | x |
| 2023-12-31 | NT$28.98 | NT$24.70 | x |
| 2024-12-31 | NT$30.05 | NT$24.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Song Ho 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): 5.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.16%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.72x
- Recent ROE (5.68%) is below the historical average (10.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 15.86% | 7.89% | 0.95x | 2.12x | NT$75.05 Million |
| 2018 | 14.30% | 7.13% | 0.92x | 2.18x | NT$56.82 Million |
| 2019 | 7.29% | 3.96% | 0.85x | 2.16x | NT$-35.15 Million |
| 2020 | 11.30% | 6.55% | 0.91x | 1.89x | NT$17.99 Million |
| 2021 | 15.50% | 8.02% | 1.01x | 1.91x | NT$83.59 Million |
| 2022 | 6.84% | 3.97% | 0.90x | 1.92x | NT$-46.36 Million |
| 2023 | 3.21% | 2.29% | 0.76x | 1.84x | NT$-97.77 Million |
| 2024 | 5.68% | 4.16% | 0.80x | 1.72x | NT$-64.42 Million |
Industry Comparison
This section compares Song Ho Industrial Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $14,507,134,500
- Average return on equity (ROE) among peers: 0.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Song Ho Industrial Co Ltd (5016) | NT$1.45 Billion | 15.86% | 0.81x | $18.39 Million |
| 1480 (1480) | $3.18 Billion | 0.46% | 1.04x | $28.61 Million |
| Walsin Lihwa Corp (1605) | $62.20 Billion | -4.32% | 0.82x | $2.92 Billion |
| Tung Ho Steel Enterprise Corp (2006) | $27.71 Billion | 12.86% | 0.60x | $1.04 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $3.58 Billion | 0.00% | 3.75x | $31.36 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $2.62 Billion | 0.00% | 3.66x | $28.78 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $10.15 Billion | 4.10% | 0.66x | $342.51 Million |
| Chun Yu Works & Co Ltd (2012) | $2.58 Billion | 3.92% | 1.85x | $36.48 Million |
| Chung Hung Steel Corp (2014) | $12.53 Billion | -19.54% | 2.05x | $458.80 Million |
| Feng Hsin Steel Co Ltd (2015) | $16.58 Billion | 10.95% | 0.18x | $690.55 Million |
| Quintain Steel Co Ltd (2017) | $3.95 Billion | 0.00% | 0.88x | $71.75 Million |