Sea & Land Integrated Co
Sea & Land Integrated Corp. engages in the transportation business in Taiwan. It engages in container transportation, ship transportation, warehousing, hoist and forklift installation, crane and hoist, and petrol and liquefied petroleum gas station businesses. The company also provides inland container transportation and imported wine services. In addition, it is involved in the power generation … Read more
Sea & Land Integrated Co (5603) - Net Assets
Latest net assets as of September 2025: NT$1.92 Billion TWD
Based on the latest financial reports, Sea & Land Integrated Co (5603) has net assets worth NT$1.92 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.59 Billion) and total liabilities (NT$666.23 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$1.92 Billion |
| % of Total Assets | 74.26% |
| Annual Growth Rate | 6.53% |
| 5-Year Change | 54.22% |
| 10-Year Change | N/A |
| Growth Volatility | 17.97 |
Sea & Land Integrated Co - Net Assets Trend (2017–2024)
This chart illustrates how Sea & Land Integrated Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sea & Land Integrated Co (2017–2024)
The table below shows the annual net assets of Sea & Land Integrated Co from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.00 Billion | +4.71% |
| 2023-12-31 | NT$1.91 Billion | +5.41% |
| 2022-12-31 | NT$1.81 Billion | -6.96% |
| 2021-12-31 | NT$1.95 Billion | +50.17% |
| 2020-12-31 | NT$1.30 Billion | +7.00% |
| 2019-12-31 | NT$1.21 Billion | -1.19% |
| 2018-12-31 | NT$1.23 Billion | -4.48% |
| 2017-12-31 | NT$1.28 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sea & Land Integrated Co'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 30.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$451.39 Million | 23.44% |
| Other Components | NT$1.47 Billion | 76.56% |
| Total Equity | NT$1.93 Billion | 100.00% |
Sea & Land Integrated Co Competitors by Market Cap
The table below lists competitors of Sea & Land Integrated Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MRS LogÃstica S.A.
SA:MRSA3B
|
$35.78 Million |
|
HS Valve Co. Ltd
KQ:039610
|
$35.81 Million |
|
Jaeren Sparebank
OL:JAREN
|
$35.81 Million |
|
Ulusal Faktoring AS
IS:ULUFA
|
$35.82 Million |
|
Azure Power Global Limited
PINK:AZREF
|
$35.77 Million |
|
Powernet Technologies Corp.
KQ:037030
|
$35.76 Million |
|
Kumkang Kind Co Ltd
KO:014285
|
$35.76 Million |
|
Balatacilar Balatacilik Sanayi ve Ticaret AS
IS:BALAT
|
$35.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sea & Land Integrated Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,838,089,000 to 1,925,642,000, a change of 87,553,000 (4.8%).
- Net income of 129,569,000 contributed positively to equity growth.
- Dividend payments of 125,852,000 reduced retained earnings.
- Other factors increased equity by 83,836,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$129.57 Million | +6.73% |
| Dividends Paid | NT$125.85 Million | -6.54% |
| Other Changes | NT$83.84 Million | +4.35% |
| Total Change | NT$- | 4.76% |
Book Value vs Market Value Analysis
This analysis compares Sea & Land Integrated Co'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: 0.96x
- 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 1.20x to 0.96x 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$14.65 | NT$17.65 | x |
| 2018-12-31 | NT$14.07 | NT$17.65 | x |
| 2019-12-31 | NT$13.92 | NT$17.65 | x |
| 2020-12-31 | NT$11.60 | NT$17.65 | x |
| 2021-12-31 | NT$17.77 | NT$17.65 | x |
| 2022-12-31 | NT$16.48 | NT$17.65 | x |
| 2023-12-31 | NT$17.43 | NT$17.65 | x |
| 2024-12-31 | NT$18.36 | NT$17.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sea & Land Integrated Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.13%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.44x
- Recent ROE (6.73%) is below the historical average (10.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.05% | 3.70% | 0.88x | 1.86x | NT$-46.66 Million |
| 2018 | 0.38% | 0.25% | 0.81x | 1.91x | NT$-109.17 Million |
| 2019 | -1.06% | -0.74% | 0.69x | 2.08x | NT$-124.16 Million |
| 2020 | 9.11% | 6.37% | 0.75x | 1.91x | NT$-10.87 Million |
| 2021 | 39.35% | 37.35% | 0.68x | 1.54x | NT$553.89 Million |
| 2022 | 11.43% | 10.14% | 0.75x | 1.51x | NT$24.77 Million |
| 2023 | 11.04% | 11.25% | 0.64x | 1.52x | NT$19.10 Million |
| 2024 | 6.73% | 7.13% | 0.65x | 1.44x | NT$-63.00 Million |
Industry Comparison
This section compares Sea & Land Integrated Co's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $7,460,575,750
- Average return on equity (ROE) among peers: 14.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sea & Land Integrated Co (5603) | NT$1.92 Billion | 6.05% | 0.35x | $35.78 Million |
| Lily Textile Co Ltd (1443) | $2.88 Billion | 0.00% | 1.35x | $40.64 Million |
| Evergreen International Storage & Transport Corp (2607) | $35.92 Billion | 7.73% | 0.31x | $408.34 Million |
| Chinese Maritime Transport Ltd (2612) | $9.43 Billion | 1.04% | 1.13x | $111.34 Million |
| T3EX Global Holdings Corp (2636) | $2.39 Billion | 10.04% | 1.16x | $185.54 Million |
| Taiwan Pelican Express Co Ltd (2642) | $1.73 Billion | 9.35% | 1.07x | $32.17 Million |
| Soonest Express Co Ltd (2643) | $1.54 Billion | 32.57% | 0.63x | $28.36 Million |
| Taiwan Allied Container Terminal (5601) | $1.37 Billion | 1.39% | 0.35x | $29.39 Million |
| Dimerco Express (5609) | $4.43 Billion | 52.10% | 1.20x | $248.24 Million |