Dimerco Express (5609) - Net Assets
Based on the latest financial reports, Dimerco Express (5609) has net assets worth NT$6.41 Billion TWD (≈ $202.05 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$11.15 Billion ≈ $351.25 Million USD) and total liabilities (NT$4.74 Billion ≈ $149.20 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 5609 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.41 Billion |
| % of Total Assets | 57.52% |
| Annual Growth Rate | 8.02% |
| 5-Year Change | 45.65% |
| 10-Year Change | 197.39% |
| Growth Volatility | 16.76 |
Dimerco Express - Net Assets Trend (2009–2025)
This chart illustrates how Dimerco Express's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Dimerco Express (5609) total market value.
Annual Net Assets for Dimerco Express (2009–2025)
The table below shows the annual net assets of Dimerco Express from 2009 to 2025. Also explore Dimerco Express annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$6.46 Billion ≈ $203.51 Million |
-0.19% |
| 2024-12-31 | NT$6.47 Billion ≈ $203.89 Million |
+8.96% |
| 2023-12-31 | NT$5.94 Billion ≈ $187.12 Million |
-3.03% |
| 2022-12-31 | NT$6.12 Billion ≈ $192.96 Million |
+38.10% |
| 2021-12-31 | NT$4.43 Billion ≈ $139.73 Million |
+54.04% |
| 2020-12-31 | NT$2.88 Billion ≈ $90.71 Million |
+29.31% |
| 2019-12-31 | NT$2.23 Billion ≈ $70.15 Million |
+6.55% |
| 2018-12-31 | NT$2.09 Billion ≈ $65.83 Million |
+9.87% |
| 2017-12-31 | NT$1.90 Billion ≈ $59.92 Million |
-12.44% |
| 2016-12-31 | NT$2.17 Billion ≈ $68.43 Million |
+5.08% |
| 2015-12-31 | NT$2.07 Billion ≈ $65.12 Million |
-3.97% |
| 2014-12-31 | NT$2.15 Billion ≈ $67.82 Million |
+10.26% |
| 2013-12-31 | NT$1.95 Billion ≈ $61.50 Million |
+5.63% |
| 2012-12-31 | NT$1.85 Billion ≈ $58.23 Million |
-4.82% |
| 2011-12-31 | NT$1.94 Billion ≈ $61.17 Million |
+4.34% |
| 2010-12-31 | NT$1.86 Billion ≈ $58.63 Million |
-0.99% |
| 2009-12-31 | NT$1.88 Billion ≈ $59.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dimerco Express'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 1049.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.46 Billion | 54.62% |
| Other Components | NT$2.88 Billion | 45.38% |
| Total Equity | NT$6.34 Billion | 100.00% |
Dimerco Express Competitors by Market Cap
The table below lists competitors of Dimerco Express ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vindhya Telelinks Limited
NSE:VINDHYATEL
|
$348.58 Million |
|
Emira Property Fund
JSE:EMI
|
$348.64 Million |
|
Shandong Huifa Foodstuff Co
SHG:603536
|
$348.81 Million |
|
Advanced Enzyme Technologies Limited
NSE:ADVENZYMES
|
$348.84 Million |
|
Maanshan Iron & Steel Company Limited
F:YM9A
|
$348.47 Million |
|
The Star Entertainment Group Limited
F:EE9
|
$348.40 Million |
|
Semler Scientific Inc
NASDAQ:SMLR
|
$348.27 Million |
|
ON24 Inc
NYSE:ONTF
|
$348.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dimerco Express's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,358,221,000 to 6,339,547,000, a change of -18,674,000 (-0.3%).
- Net income of 1,125,954,000 contributed positively to equity growth.
- Dividend payments of 745,310,000 reduced retained earnings.
- Other factors decreased equity by 399,318,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.13 Billion | +17.76% |
| Dividends Paid | NT$745.31 Million | -11.76% |
| Other Changes | NT$-399.32 Million | -6.3% |
| Total Change | NT$- | -0.29% |
Book Value vs Market Value Analysis
This analysis compares Dimerco Express'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: 1.74x
- 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 6.94x to 1.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$11.33 | NT$78.60 | x |
| 2010-12-31 | NT$11.11 | NT$78.60 | x |
| 2011-12-31 | NT$11.80 | NT$78.60 | x |
| 2012-12-31 | NT$11.30 | NT$78.60 | x |
| 2013-12-31 | NT$12.00 | NT$78.60 | x |
| 2014-12-31 | NT$13.79 | NT$78.60 | x |
| 2015-12-31 | NT$13.32 | NT$78.60 | x |
| 2016-12-31 | NT$14.53 | NT$78.60 | x |
| 2017-12-31 | NT$12.49 | NT$78.60 | x |
| 2018-12-31 | NT$13.87 | NT$78.60 | x |
| 2019-12-31 | NT$14.75 | NT$78.60 | x |
| 2020-12-31 | NT$19.12 | NT$78.60 | x |
| 2021-12-31 | NT$29.79 | NT$78.60 | x |
| 2022-12-31 | NT$41.40 | NT$78.60 | x |
| 2023-12-31 | NT$40.93 | NT$78.60 | x |
| 2024-12-31 | NT$45.18 | NT$78.60 | x |
| 2025-12-31 | NT$45.04 | NT$78.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dimerco Express 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): 17.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.79%
- • Asset Turnover: 2.94x
- • Equity Multiplier: 1.59x
- Recent ROE (17.76%) is below the historical average (18.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 14.10% | 1.91% | 3.53x | 2.09x | NT$70.84 Million |
| 2010 | 17.83% | 1.84% | 4.84x | 2.00x | NT$133.56 Million |
| 2011 | 10.85% | 1.27% | 4.07x | 2.09x | NT$14.99 Million |
| 2012 | 8.39% | 0.93% | 4.37x | 2.07x | NT$-26.90 Million |
| 2013 | 7.44% | 0.93% | 3.92x | 2.05x | NT$-45.28 Million |
| 2014 | 10.56% | 1.26% | 4.05x | 2.06x | NT$11.30 Million |
| 2015 | 7.08% | 0.88% | 3.85x | 2.08x | NT$-56.72 Million |
| 2016 | 13.24% | 1.68% | 3.80x | 2.08x | NT$66.33 Million |
| 2017 | 11.68% | 1.18% | 4.16x | 2.38x | NT$29.77 Million |
| 2018 | 13.17% | 1.43% | 4.03x | 2.29x | NT$63.30 Million |
| 2019 | 18.93% | 2.27% | 3.42x | 2.44x | NT$190.36 Million |
| 2020 | 39.16% | 4.73% | 3.43x | 2.41x | NT$808.57 Million |
| 2021 | 53.63% | 5.93% | 4.00x | 2.26x | NT$1.88 Billion |
| 2022 | 42.30% | 6.17% | 3.91x | 1.75x | NT$1.94 Billion |
| 2023 | 17.54% | 4.64% | 2.48x | 1.52x | NT$440.03 Million |
| 2024 | 15.02% | 3.30% | 2.98x | 1.53x | NT$318.98 Million |
| 2025 | 17.76% | 3.79% | 2.94x | 1.59x | NT$492.00 Million |
Industry Comparison
This section compares Dimerco Express's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $5,150,499,625
- Average return on equity (ROE) among peers: 9.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dimerco Express (5609) | NT$6.41 Billion | 14.10% | 0.74x | $348.53 Million |
| Lily Textile Co Ltd (1443) | $810.39 Million | 0.91% | 5.51x | $98.29 Million |
| Evergreen International Storage & Transport Corp (2607) | $22.82 Billion | 3.67% | 0.53x | $902.72 Million |
| Chinese Maritime Transport Ltd (2612) | $9.18 Billion | 21.04% | 0.82x | $387.00 Million |
| T3EX Global Holdings Corp (2636) | $2.64 Billion | 11.15% | 0.81x | $310.25 Million |
| Taiwan Pelican Express Co Ltd (2642) | $1.62 Billion | 6.23% | 0.34x | $61.36 Million |
| Soonest Express Co Ltd (2643) | $1.54 Billion | 32.57% | 0.63x | $69.14 Million |
| Taiwan Allied Container Terminal (5601) | $1.37 Billion | 1.39% | 0.35x | $59.21 Million |
| Sea & Land Integrated Co (5603) | $1.23 Billion | 0.35% | 0.77x | $44.77 Million |
About Dimerco Express
Dimerco Express Corporation, together with its subsidiaries, operates as a shipping and logistics company in Asia, the Americas, and Europe. The company provides air freight services, including consolidated, standard, and expedited and next flight out, as well as charter services; ocean freight services, such as buyer's consolidation, cross-dock, project logistics, and EDI/API support for rapid d… Read more