Cheng Fwa Industrial Ltd (5426) - Net Assets
Based on the latest financial reports, Cheng Fwa Industrial Ltd (5426) has net assets worth NT$2.26 Billion TWD (≈ $71.05 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.22 Billion ≈ $101.37 Million USD) and total liabilities (NT$962.31 Million ≈ $30.32 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 Cheng Fwa Industrial Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.26 Billion |
| % of Total Assets | 70.09% |
| Annual Growth Rate | 0.41% |
| 5-Year Change | 18.64% |
| 10-Year Change | N/A |
| Growth Volatility | 6.76 |
Cheng Fwa Industrial Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Cheng Fwa Industrial Ltd's net assets have evolved over time, based on quarterly financial data. See Cheng Fwa Industrial Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cheng Fwa Industrial Ltd (2017–2025)
The table below shows the annual net assets of Cheng Fwa Industrial Ltd from 2017 to 2025. For live valuation and market cap data, see market cap of Cheng Fwa Industrial Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.26 Billion ≈ $71.05 Million |
-1.05% |
| 2024-12-31 | NT$2.28 Billion ≈ $71.80 Million |
+10.22% |
| 2023-12-31 | NT$2.07 Billion ≈ $65.15 Million |
-1.50% |
| 2022-12-31 | NT$2.10 Billion ≈ $66.14 Million |
+10.44% |
| 2021-12-31 | NT$1.90 Billion ≈ $59.89 Million |
-4.81% |
| 2020-12-31 | NT$2.00 Billion ≈ $62.92 Million |
-4.85% |
| 2019-12-31 | NT$2.10 Billion ≈ $66.12 Million |
-8.76% |
| 2018-12-31 | NT$2.30 Billion ≈ $72.47 Million |
+5.38% |
| 2017-12-31 | NT$2.18 Billion ≈ $68.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cheng Fwa Industrial 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 64.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$225.28 Million | 10.01% |
| Other Components | NT$2.03 Billion | 89.99% |
| Total Equity | NT$2.25 Billion | 100.00% |
Cheng Fwa Industrial Ltd Competitors by Market Cap
The table below lists competitors of Cheng Fwa Industrial Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tavia Acquisition Corp. Ordinary Shares
NASDAQ:TAVI
|
$169.08 Million |
|
Zueblin Immobilien Holding AG
SW:ZUBN
|
$169.10 Million |
|
Boab Metals Ltd
AU:BML
|
$169.24 Million |
|
Finance of America Companies Inc
NYSE:FOA
|
$169.33 Million |
|
Korea Alcohol Industrial Co. Ltd
KQ:017890
|
$168.92 Million |
|
NOVAREX Co.Ltd
KQ:194700
|
$168.91 Million |
|
Photocure
OL:PHO
|
$168.83 Million |
|
Yg Plus Inc
KO:037270
|
$168.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cheng Fwa Industrial Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,273,775,000 to 2,250,713,000, a change of -23,062,000 (-1.0%).
- Net income of 74,271,000 contributed positively to equity growth.
- Dividend payments of 71,900,000 reduced retained earnings.
- Other factors decreased equity by 25,433,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$74.27 Million | +3.3% |
| Dividends Paid | NT$71.90 Million | -3.19% |
| Other Changes | NT$-25.43 Million | -1.13% |
| Total Change | NT$- | -1.01% |
Book Value vs Market Value Analysis
This analysis compares Cheng Fwa Industrial 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: 2.38x
- 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 2.55x to 2.38x 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$14.64 | NT$37.30 | x |
| 2018-12-31 | NT$15.50 | NT$37.30 | x |
| 2019-12-31 | NT$14.09 | NT$37.30 | x |
| 2020-12-31 | NT$13.79 | NT$37.30 | x |
| 2021-12-31 | NT$13.20 | NT$37.30 | x |
| 2022-12-31 | NT$14.56 | NT$37.30 | x |
| 2023-12-31 | NT$14.34 | NT$37.30 | x |
| 2024-12-31 | NT$15.81 | NT$37.30 | x |
| 2025-12-31 | NT$15.65 | NT$37.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cheng Fwa Industrial Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.22%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.43x
- Recent ROE (3.30%) is above the historical average (1.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.66% | 0.85% | 0.54x | 1.45x | NT$-196.56 Million |
| 2018 | 6.18% | 7.53% | 0.63x | 1.30x | NT$-85.19 Million |
| 2019 | -1.13% | -1.63% | 0.52x | 1.33x | NT$-225.44 Million |
| 2020 | -1.90% | -2.46% | 0.54x | 1.43x | NT$-235.96 Million |
| 2021 | -4.67% | -5.33% | 0.53x | 1.66x | NT$-278.52 Million |
| 2022 | 7.79% | 7.89% | 0.68x | 1.45x | NT$-46.20 Million |
| 2023 | 0.36% | 0.53% | 0.52x | 1.30x | NT$-198.78 Million |
| 2024 | 6.25% | 9.46% | 0.50x | 1.33x | NT$-85.30 Million |
| 2025 | 3.30% | 4.22% | 0.55x | 1.43x | NT$-150.80 Million |
Industry Comparison
This section compares Cheng Fwa Industrial Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $4,367,038,800
- Average return on equity (ROE) among peers: 11.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cheng Fwa Industrial Ltd (5426) | NT$2.26 Billion | 0.66% | 0.43x | $168.99 Million |
| Lee Chi Enterprises Co Ltd (1517) | $3.41 Billion | 7.67% | 0.58x | $73.47 Million |
| China Metal Products Co Ltd (1532) | $3.84 Billion | 19.44% | 3.50x | $315.41 Million |
| Bin Chuan Enterprise Co Ltd (1569) | $3.24 Billion | 12.17% | 1.18x | $220.64 Million |
| China Fineblanking Technology Co Ltd (1586) | $1.44 Billion | 7.11% | 1.16x | $68.30 Million |
| Yeong Guan Energy Technology Group Co Ltd (1589) | $10.08 Billion | 10.00% | 0.49x | $26.73 Million |
| Solar Applied Materials Technology (1785) | $14.29 Billion | 13.32% | 1.19x | $2.69 Billion |
| Chia Yi Steel Co Ltd (2067) | $507.75 Million | -2.14% | 2.62x | $9.27 Million |
| CX Technology Corp (2415) | $1.13 Billion | 6.55% | 1.17x | $85.63 Million |
| Catcher Technology Co Ltd (2474) | $3.97 Billion | 24.73% | 0.75x | $3.49 Billion |
| Univacco Technology (3303) | $1.76 Billion | 11.89% | 0.69x | $177.70 Million |
About Cheng Fwa Industrial Ltd
Cheng Fwa Industrial Co., Ltd. manufactures, processes, and supplies precision-stamping metal parts for THE computer, telecommunication, networking, and electronic industries in Taiwan and internationally. It offers components for printer parts, electronic components, PDA and PDA LCD frame, spring, notebook parts, panel, air compressor, web camera shield, and tuner chassis; tel-communication box,… Read more