Golden Insurance Brokers Co.,Ltd.
Golden Insurance Brokers Co.,Ltd. provides life and property insurance brokerage services in Taiwan. The company offers personal and property insurance brokerage; investment consulting; management consulting; and intermediary services. It also provides online insurance; insurance planning platform; and accident insurance recommendation platform services. The company was founded in 1982 and is bas… Read more
Golden Insurance Brokers Co.,Ltd. (6028) - Net Assets
Latest net assets as of September 2025: NT$604.19 Million TWD
Based on the latest financial reports, Golden Insurance Brokers Co.,Ltd. (6028) has net assets worth NT$604.19 Million 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$1.43 Billion) and total liabilities (NT$824.64 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$604.19 Million |
| % of Total Assets | 42.29% |
| Annual Growth Rate | 9.78% |
| 5-Year Change | 50.79% |
| 10-Year Change | N/A |
| Growth Volatility | 11.28 |
Golden Insurance Brokers Co.,Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Golden Insurance Brokers 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 Golden Insurance Brokers Co.,Ltd. (2019–2024)
The table below shows the annual net assets of Golden Insurance Brokers Co.,Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$635.44 Million | +30.60% |
| 2023-12-31 | NT$486.54 Million | +13.84% |
| 2022-12-31 | NT$427.38 Million | -1.18% |
| 2021-12-31 | NT$432.46 Million | +2.62% |
| 2020-12-31 | NT$421.41 Million | +5.78% |
| 2019-12-31 | NT$398.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Golden Insurance Brokers 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 112.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$302.82 Million | 47.66% |
| Common Stock | NT$200.00 Million | 31.47% |
| Other Components | NT$132.62 Million | 20.87% |
| Total Equity | NT$635.44 Million | 100.00% |
Golden Insurance Brokers Co.,Ltd. Competitors by Market Cap
The table below lists competitors of Golden Insurance Brokers Co.,Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Locksley Resources Ltd
AU:LKY
|
$25.09 Million |
|
Dongkook Ind
KO:001620
|
$25.09 Million |
|
DEMAE-CAN CO. LTD.
F:1H7
|
$25.09 Million |
|
MPC Energy Solutions NV
OL:MPCES
|
$25.09 Million |
|
Isrotel -L
TA:ISRO
|
$25.08 Million |
|
Bodal Chemicals Limited
NSE:BODALCHEM
|
$25.07 Million |
|
GavYam Lands Corp Ltd
TA:GVYM
|
$25.05 Million |
|
Toplus Global Co Ltd
TWO:3522
|
$25.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden Insurance Brokers Co.,Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 486,541,000 to 635,437,000, a change of 148,896,000 (30.6%).
- Net income of 238,896,000 contributed positively to equity growth.
- Dividend payments of 90,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$238.90 Million | +37.6% |
| Dividends Paid | NT$90.00 Million | -14.16% |
| Total Change | NT$- | 30.60% |
Book Value vs Market Value Analysis
This analysis compares Golden Insurance Brokers 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: 3.37x
- 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 5.00x to 3.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$21.30 | NT$106.50 | x |
| 2020-12-31 | NT$21.01 | NT$106.50 | x |
| 2021-12-31 | NT$21.56 | NT$106.50 | x |
| 2022-12-31 | NT$21.32 | NT$106.50 | x |
| 2023-12-31 | NT$24.24 | NT$106.50 | x |
| 2024-12-31 | NT$31.59 | NT$106.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden Insurance Brokers 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): 37.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.33%
- • Asset Turnover: 2.85x
- • Equity Multiplier: 2.47x
- Recent ROE (37.60%) is above the historical average (23.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 21.61% | 3.68% | 2.46x | 2.39x | NT$46.25 Million |
| 2020 | 22.08% | 3.93% | 2.27x | 2.48x | NT$50.89 Million |
| 2021 | 18.74% | 3.59% | 2.23x | 2.34x | NT$37.81 Million |
| 2022 | 15.19% | 2.97% | 2.24x | 2.28x | NT$22.18 Million |
| 2023 | 24.49% | 3.92% | 2.48x | 2.52x | NT$70.51 Million |
| 2024 | 37.60% | 5.33% | 2.85x | 2.47x | NT$175.35 Million |
Industry Comparison
This section compares Golden Insurance Brokers Co.,Ltd.'s net assets metrics with peer companies in the Insurance Brokers industry.
Industry Context
- Industry: Insurance Brokers
- Average net assets among peers: $433,490,000
- Average return on equity (ROE) among peers: 17.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden Insurance Brokers Co.,Ltd. (6028) | NT$604.19 Million | 21.61% | 1.36x | $25.08 Million |
| Taiming Assurance Broker Co Ltd (5878) | $433.49 Million | 17.04% | 0.29x | $17.57 Million |