Sino Tactful Co Ltd
Sino Tactful Co., Ltd. engages in the education business in Taiwan. It operates an education franchise authorization and short-term cram schools; and sells teaching materials. The company also engages in real estate development, leasing, and sale. The company was founded in 1979 and is based in Taipei, Taiwan.
Sino Tactful Co Ltd (5481) - Net Assets
Latest net assets as of June 2025: NT$1.20 Billion TWD
Based on the latest financial reports, Sino Tactful Co Ltd (5481) has net assets worth NT$1.20 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$1.56 Billion) and total liabilities (NT$362.13 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$1.20 Billion |
| % of Total Assets | 76.77% |
| Annual Growth Rate | -0.49% |
| 5-Year Change | -4.82% |
| 10-Year Change | 14.52% |
| Growth Volatility | 15.19 |
Sino Tactful Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Sino Tactful 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 Sino Tactful Co Ltd (2002–2024)
The table below shows the annual net assets of Sino Tactful Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.23 Billion | -1.86% |
| 2023-12-31 | NT$1.25 Billion | -2.18% |
| 2022-12-31 | NT$1.28 Billion | -8.04% |
| 2021-12-31 | NT$1.39 Billion | +7.81% |
| 2020-12-31 | NT$1.29 Billion | +49.56% |
| 2019-12-31 | NT$864.69 Million | -19.41% |
| 2018-12-31 | NT$1.07 Billion | +0.69% |
| 2017-12-31 | NT$1.07 Billion | -5.49% |
| 2016-12-31 | NT$1.13 Billion | +4.89% |
| 2015-12-31 | NT$1.07 Billion | -10.93% |
| 2014-12-31 | NT$1.21 Billion | +1.47% |
| 2013-12-31 | NT$1.19 Billion | -10.21% |
| 2012-12-31 | NT$1.32 Billion | -21.92% |
| 2011-12-31 | NT$1.70 Billion | -5.41% |
| 2010-12-31 | NT$1.79 Billion | -2.89% |
| 2009-12-31 | NT$1.85 Billion | -9.52% |
| 2008-12-31 | NT$2.04 Billion | -11.60% |
| 2007-12-31 | NT$2.31 Billion | +0.73% |
| 2006-12-31 | NT$2.29 Billion | +26.74% |
| 2005-12-31 | NT$1.81 Billion | +6.17% |
| 2004-12-31 | NT$1.70 Billion | +17.50% |
| 2003-12-31 | NT$1.45 Billion | +5.61% |
| 2002-12-31 | NT$1.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sino Tactful 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 16.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$409.41 Million | 33.26% |
| Other Components | NT$821.42 Million | 66.74% |
| Total Equity | NT$1.23 Billion | 100.00% |
Sino Tactful Co Ltd Competitors by Market Cap
The table below lists competitors of Sino Tactful Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Apex Frozen Foods Limited
NSE:APEX
|
$35.67 Million |
|
R. Stahl AG NA O.N.
F:RSL2
|
$35.68 Million |
|
Davolink Inc.
KQ:340360
|
$35.69 Million |
|
BEWI ASA NK 1
F:5T0
|
$35.70 Million |
|
Nexstim Oyj
HE:NXTMH
|
$35.65 Million |
|
Renaissance Global Limited
NSE:RGL
|
$35.64 Million |
|
MEB Corp. PCL
BK:MEB
|
$35.64 Million |
|
Tetratherix Ltd
AU:TTX
|
$35.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sino Tactful Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,250,590,000 to 1,230,839,000, a change of -19,751,000 (-1.6%).
- Net loss of 16,076,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-16.08 Million | -1.31% |
| Other Changes | NT$-3.67 Million | -0.3% |
| Total Change | NT$- | -1.58% |
Book Value vs Market Value Analysis
This analysis compares Sino Tactful 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: 1.18x
- 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 1.54x to 1.18x 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$14.27 | NT$21.95 | x |
| 2018-12-31 | NT$14.81 | NT$21.95 | x |
| 2019-12-31 | NT$11.89 | NT$21.95 | x |
| 2020-12-31 | NT$17.88 | NT$21.95 | x |
| 2021-12-31 | NT$19.43 | NT$21.95 | x |
| 2022-12-31 | NT$18.26 | NT$21.95 | x |
| 2023-12-31 | NT$18.83 | NT$21.95 | x |
| 2024-12-31 | NT$18.54 | NT$21.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sino Tactful Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.58%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.29x
- Recent ROE (-1.31%) is below the historical average (5.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.94% | 4.80% | 0.60x | 1.36x | NT$-83.19 Million |
| 2003 | 7.02% | 7.29% | 0.59x | 1.62x | NT$-43.21 Million |
| 2004 | 16.56% | 13.12% | 0.75x | 1.69x | NT$111.74 Million |
| 2005 | 11.23% | 8.39% | 0.67x | 2.00x | NT$22.28 Million |
| 2006 | 13.10% | 9.56% | 0.78x | 1.76x | NT$71.00 Million |
| 2007 | 4.31% | 3.54% | 0.70x | 1.73x | NT$-131.42 Million |
| 2015 | -12.43% | -177.80% | 0.07x | 1.02x | NT$-241.10 Million |
| 2016 | 8.38% | 536.46% | 0.02x | 1.02x | NT$-18.30 Million |
| 2017 | -4.64% | -516.41% | 0.01x | 1.05x | NT$-155.96 Million |
| 2018 | 24.52% | 310.82% | 0.07x | 1.05x | NT$155.77 Million |
| 2019 | -21.24% | -171.11% | 0.09x | 1.34x | NT$-270.13 Million |
| 2020 | 34.38% | 441.41% | 0.06x | 1.32x | NT$315.33 Million |
| 2021 | 9.29% | 127.29% | 0.06x | 1.30x | NT$-9.84 Million |
| 2022 | -0.75% | -10.25% | 0.06x | 1.31x | NT$-137.25 Million |
| 2023 | -2.12% | -27.52% | 0.06x | 1.31x | NT$-151.53 Million |
| 2024 | -1.31% | -16.58% | 0.06x | 1.29x | NT$-139.16 Million |
Industry Comparison
This section compares Sino Tactful Co Ltd's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $1,443,905,667
- Average return on equity (ROE) among peers: 4.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sino Tactful Co Ltd (5481) | NT$1.20 Billion | 3.94% | 0.30x | $35.66 Million |
| Success Prime Corp (2496) | $791.55 Million | 9.62% | 0.88x | $21.08 Million |
| Dadi Early-Childhood Education Group Ltd (8437) | $2.47 Billion | 0.60% | 0.23x | $13.81 Million |
| Samebest Co Ltd (8489) | $1.07 Billion | 2.58% | 0.77x | $21.35 Million |