Poya International Co Ltd (5904) - Net Assets
Based on the latest financial reports, Poya International Co Ltd (5904) has net assets worth NT$8.11 Billion TWD (≈ $255.46 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$31.66 Billion ≈ $997.42 Million USD) and total liabilities (NT$23.55 Billion ≈ $741.96 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 tangible net worth ratio of Poya International Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$8.11 Billion |
| % of Total Assets | 25.61% |
| Annual Growth Rate | 15.3% |
| 5-Year Change | 62.7% |
| 10-Year Change | 157.87% |
| Growth Volatility | 12.31 |
Poya International Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Poya International Co Ltd's net assets have evolved over time, based on quarterly financial data. See Poya International Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Poya International Co Ltd (2002–2025)
The table below shows the annual net assets of Poya International Co Ltd from 2002 to 2025. For live valuation and market cap data, see market value of Poya International Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$8.11 Billion ≈ $255.46 Million |
+13.35% |
| 2024-12-31 | NT$7.15 Billion ≈ $225.36 Million |
+13.28% |
| 2023-12-31 | NT$6.31 Billion ≈ $198.93 Million |
+4.02% |
| 2022-12-31 | NT$6.07 Billion ≈ $191.25 Million |
+21.80% |
| 2021-12-31 | NT$4.98 Billion ≈ $157.02 Million |
+3.23% |
| 2020-12-31 | NT$4.83 Billion ≈ $152.11 Million |
+9.95% |
| 2019-12-31 | NT$4.39 Billion ≈ $138.34 Million |
+7.88% |
| 2018-12-31 | NT$4.07 Billion ≈ $128.24 Million |
+12.13% |
| 2017-12-31 | NT$3.63 Billion ≈ $114.36 Million |
+15.44% |
| 2016-12-31 | NT$3.14 Billion ≈ $99.06 Million |
+14.89% |
| 2015-12-31 | NT$2.74 Billion ≈ $86.22 Million |
+13.93% |
| 2014-12-31 | NT$2.40 Billion ≈ $75.68 Million |
+18.84% |
| 2013-12-31 | NT$2.02 Billion ≈ $63.68 Million |
+9.50% |
| 2012-12-31 | NT$1.85 Billion ≈ $58.15 Million |
+10.06% |
| 2011-12-31 | NT$1.68 Billion ≈ $52.84 Million |
+7.51% |
| 2010-12-31 | NT$1.56 Billion ≈ $49.15 Million |
+21.49% |
| 2009-12-31 | NT$1.28 Billion ≈ $40.46 Million |
+7.90% |
| 2008-12-31 | NT$1.19 Billion ≈ $37.49 Million |
+7.49% |
| 2007-12-31 | NT$1.11 Billion ≈ $34.88 Million |
+22.75% |
| 2006-12-31 | NT$901.94 Million ≈ $28.42 Million |
+36.28% |
| 2005-12-31 | NT$661.81 Million ≈ $20.85 Million |
+62.77% |
| 2004-12-31 | NT$406.59 Million ≈ $12.81 Million |
+10.98% |
| 2003-12-31 | NT$366.36 Million ≈ $11.54 Million |
+19.35% |
| 2002-12-31 | NT$306.95 Million ≈ $9.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Poya International 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 3685.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.36 Billion | 41.48% |
| Other Components | NT$4.75 Billion | 58.52% |
| Total Equity | NT$8.11 Billion | 100.00% |
Poya International Co Ltd Competitors by Market Cap
The table below lists competitors of Poya International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qingdao NovelBeam Technology Co. Ltd. A
SHG:688677
|
$2.07 Billion |
|
Banco do Nordeste do Brasil S.A
SA:BNBR3
|
$2.07 Billion |
|
Extreme Networks Inc
NASDAQ:EXTR
|
$2.07 Billion |
|
Mineralys Therapeutics, Inc. Common Stock
NASDAQ:MLYS
|
$2.07 Billion |
|
Scandic Hotels Group AB (publ)
ST:SHOT
|
$2.07 Billion |
|
Shanghai Flyco Electrical Appliance Co Ltd
SHG:603868
|
$2.07 Billion |
|
COMFORTDELGRO UNSP.ADR/20
F:VZ10
|
$2.07 Billion |
|
Arena Star Group Ltd
TA:ARNA
|
$2.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Poya International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,153,034,000 to 8,108,318,000, a change of 955,284,000 (13.4%).
- Net income of 3,142,531,000 contributed positively to equity growth.
- Dividend payments of 2,413,533,000 reduced retained earnings.
- Other factors increased equity by 226,286,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.14 Billion | +38.76% |
| Dividends Paid | NT$2.41 Billion | -29.77% |
| Other Changes | NT$226.29 Million | +2.79% |
| Total Change | NT$- | 13.35% |
Book Value vs Market Value Analysis
This analysis compares Poya International 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: 8.11x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 51.93x to 8.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$11.90 | NT$618.00 | x |
| 2007-12-31 | NT$11.95 | NT$618.00 | x |
| 2008-12-31 | NT$11.90 | NT$618.00 | x |
| 2009-12-31 | NT$12.94 | NT$618.00 | x |
| 2010-12-31 | NT$15.61 | NT$618.00 | x |
| 2011-12-31 | NT$16.61 | NT$618.00 | x |
| 2012-12-31 | NT$18.20 | NT$618.00 | x |
| 2013-12-31 | NT$19.88 | NT$618.00 | x |
| 2014-12-31 | NT$23.51 | NT$618.00 | x |
| 2015-12-31 | NT$26.72 | NT$618.00 | x |
| 2016-12-31 | NT$30.63 | NT$618.00 | x |
| 2017-12-31 | NT$35.25 | NT$618.00 | x |
| 2018-12-31 | NT$39.49 | NT$618.00 | x |
| 2019-12-31 | NT$42.63 | NT$618.00 | x |
| 2020-12-31 | NT$46.90 | NT$618.00 | x |
| 2021-12-31 | NT$48.28 | NT$618.00 | x |
| 2022-12-31 | NT$58.62 | NT$618.00 | x |
| 2023-12-31 | NT$60.77 | NT$618.00 | x |
| 2024-12-31 | NT$67.49 | NT$618.00 | x |
| 2025-12-31 | NT$76.17 | NT$618.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Poya International 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): 38.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.41%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 3.90x
- Recent ROE (38.76%) is above the historical average (29.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 22.49% | 3.23% | 2.62x | 2.66x | NT$38.34 Million |
| 2003 | 25.64% | 3.48% | 2.41x | 3.06x | NT$57.31 Million |
| 2004 | 25.75% | 3.52% | 2.38x | 3.08x | NT$64.04 Million |
| 2005 | 23.41% | 5.05% | 1.90x | 2.45x | NT$88.76 Million |
| 2006 | 13.59% | 3.57% | 1.81x | 2.11x | NT$32.34 Million |
| 2007 | 13.81% | 3.73% | 1.99x | 1.86x | NT$42.19 Million |
| 2008 | 17.16% | 4.18% | 1.96x | 2.09x | NT$85.18 Million |
| 2009 | 15.22% | 3.49% | 1.95x | 2.24x | NT$67.08 Million |
| 2010 | 18.32% | 4.67% | 2.08x | 1.89x | NT$129.84 Million |
| 2011 | 20.06% | 5.36% | 2.06x | 1.81x | NT$168.65 Million |
| 2012 | 23.47% | 6.47% | 2.06x | 1.76x | NT$248.66 Million |
| 2013 | 27.65% | 7.71% | 1.81x | 1.98x | NT$356.72 Million |
| 2014 | 32.16% | 8.43% | 1.87x | 2.04x | NT$532.25 Million |
| 2015 | 34.79% | 8.91% | 1.89x | 2.07x | NT$678.47 Million |
| 2016 | 37.19% | 9.41% | 1.92x | 2.06x | NT$855.05 Million |
| 2017 | 39.37% | 10.78% | 1.76x | 2.07x | NT$1.07 Billion |
| 2018 | 41.99% | 12.14% | 1.65x | 2.10x | NT$1.30 Billion |
| 2019 | 42.97% | 11.95% | 0.80x | 4.47x | NT$1.45 Billion |
| 2020 | 43.71% | 12.03% | 0.76x | 4.80x | NT$1.63 Billion |
| 2021 | 36.91% | 10.53% | 0.70x | 5.02x | NT$1.34 Billion |
| 2022 | 34.07% | 10.62% | 0.80x | 4.02x | NT$1.46 Billion |
| 2023 | 39.99% | 11.44% | 0.86x | 4.07x | NT$1.89 Billion |
| 2024 | 39.21% | 11.87% | 0.83x | 3.99x | NT$2.09 Billion |
| 2025 | 38.76% | 12.41% | 0.80x | 3.90x | NT$2.33 Billion |
Industry Comparison
This section compares Poya International Co Ltd's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $9,869,530,143
- Average return on equity (ROE) among peers: 7.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Poya International Co Ltd (5904) | NT$8.11 Billion | 22.49% | 2.90x | $2.07 Billion |
| First Steamship Co Ltd (2601) | $13.08 Billion | 0.05% | 1.64x | $153.31 Million |
| Shin Shin Co Ltd (2901) | $821.76 Million | 1.50% | 0.20x | $55.92 Million |
| Far Eastern Department Stores Ltd (2903) | $38.90 Billion | 4.58% | 2.35x | $1.07 Billion |
| Tonlin Department Store Co Ltd (2910) | $2.26 Billion | 1.62% | 1.48x | $124.61 Million |
| Eslite Spectrum (2926) | $1.58 Billion | 26.11% | 1.91x | $52.85 Million |
| Taiwan FamilyMart Co Ltd (5903) | $1.65 Billion | 9.54% | 1.77x | $1.33 Billion |
| Grand Ocean Retail Group Ltd (5907) | $10.80 Billion | 9.02% | 0.99x | $30.77 Million |
About Poya International Co Ltd
POYA International Co., Ltd. operates a chain of retail stores in Taiwan. It offers fashionable beauty and skincare products; underwear and socks; daily necessities; and personal care products. The company was formerly known as POYA Department Store Co., Ltd. and changed its name to POYA International Co., Ltd. in June 2000. POYA International Co., Ltd. was incorporated in 1997 and is based in Ta… Read more