TMP Steel (6248) - Net Assets
Based on the latest financial reports, TMP Steel (6248) has net assets worth NT$2.34 Billion TWD (≈ $73.78 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$4.25 Billion ≈ $133.90 Million USD) and total liabilities (NT$1.91 Billion ≈ $60.11 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 asset resilience ratio of TMP Steel to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.34 Billion |
| % of Total Assets | 55.1% |
| Annual Growth Rate | 23.65% |
| 5-Year Change | 229.58% |
| 10-Year Change | N/A |
| Growth Volatility | 30.96 |
TMP Steel - Net Assets Trend (2016–2025)
This chart illustrates how TMP Steel's net assets have evolved over time, based on quarterly financial data. Also explore TMP Steel asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for TMP Steel (2016–2025)
The table below shows the annual net assets of TMP Steel from 2016 to 2025. For live valuation and market cap data, see TMP Steel market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.34 Billion ≈ $73.78 Million |
-1.74% |
| 2024-12-31 | NT$2.38 Billion ≈ $75.09 Million |
+64.91% |
| 2023-12-31 | NT$1.45 Billion ≈ $45.53 Million |
+26.65% |
| 2022-12-31 | NT$1.14 Billion ≈ $35.95 Million |
+60.60% |
| 2021-12-31 | NT$710.56 Million ≈ $22.39 Million |
+76.34% |
| 2020-12-31 | NT$402.95 Million ≈ $12.70 Million |
-3.28% |
| 2019-12-31 | NT$416.63 Million ≈ $13.13 Million |
+29.19% |
| 2018-12-31 | NT$322.50 Million ≈ $10.16 Million |
-6.33% |
| 2017-12-31 | NT$344.30 Million ≈ $10.85 Million |
-0.68% |
| 2016-12-31 | NT$346.67 Million ≈ $10.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TMP Steel'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 940.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$334.66 Million | 14.29% |
| Other Components | NT$2.01 Billion | 85.71% |
| Total Equity | NT$2.34 Billion | 100.00% |
TMP Steel Competitors by Market Cap
The table below lists competitors of TMP Steel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lunnon Metals Ltd
AU:LM8
|
$60.05 Million |
|
Nanexa AB
ST:NANEXA
|
$60.08 Million |
|
LiveOne Inc
NASDAQ:LVO
|
$60.09 Million |
|
SGC eTEC E&C Co. Ltd
KQ:016250
|
$60.11 Million |
|
Itera ASA
OL:ITERA
|
$60.02 Million |
|
Gseven Co Ltd
TWO:2937
|
$60.02 Million |
|
TAFI Industries Bhd
KLSE:7211
|
$60.01 Million |
|
Safety Shot Inc
NASDAQ:SHOT
|
$60.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TMP Steel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,383,359,000 to 2,341,856,000, a change of -41,503,000 (-1.7%).
- Net income of 152,458,000 contributed positively to equity growth.
- Dividend payments of 179,921,000 reduced retained earnings.
- Share repurchases of 6,335,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$152.46 Million | +6.51% |
| Dividends Paid | NT$179.92 Million | -7.68% |
| Share Repurchases | NT$6.33 Million | -0.27% |
| Other Changes | NT$-7.71 Million | -0.33% |
| Total Change | NT$- | -1.74% |
Book Value vs Market Value Analysis
This analysis compares TMP Steel'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: 0.83x
- 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 1.89x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$10.33 | NT$19.55 | x |
| 2017-12-31 | NT$10.26 | NT$19.55 | x |
| 2018-12-31 | NT$9.62 | NT$19.55 | x |
| 2019-12-31 | NT$12.38 | NT$19.55 | x |
| 2020-12-31 | NT$9.13 | NT$19.55 | x |
| 2021-12-31 | NT$14.62 | NT$19.55 | x |
| 2022-12-31 | NT$17.55 | NT$19.55 | x |
| 2023-12-31 | NT$20.58 | NT$19.55 | x |
| 2024-12-31 | NT$23.84 | NT$19.55 | x |
| 2025-12-31 | NT$23.50 | NT$19.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TMP Steel utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.51%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.99%
- • Asset Turnover: 1.81x
- • Equity Multiplier: 1.81x
- Recent ROE (6.51%) is below the historical average (10.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 8.13% | 1.61% | 2.41x | 2.09x | NT$-6.48 Million |
| 2017 | 7.44% | 1.54% | 2.40x | 2.01x | NT$-8.80 Million |
| 2018 | 0.09% | 0.01% | 2.50x | 3.02x | NT$-31.97 Million |
| 2019 | 21.28% | 2.94% | 2.44x | 2.97x | NT$46.98 Million |
| 2020 | 13.27% | 1.72% | 2.23x | 3.46x | NT$13.16 Million |
| 2021 | 8.17% | 1.31% | 1.81x | 3.44x | NT$-13.02 Million |
| 2022 | 15.52% | 2.67% | 3.04x | 1.91x | NT$63.02 Million |
| 2023 | 18.21% | 3.36% | 2.70x | 2.01x | NT$118.71 Million |
| 2024 | 9.69% | 2.48% | 2.14x | 1.83x | NT$-7.49 Million |
| 2025 | 6.51% | 1.99% | 1.81x | 1.81x | NT$-81.73 Million |
Industry Comparison
This section compares TMP Steel's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $87,983,262,800
- Average return on equity (ROE) among peers: 5.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TMP Steel (6248) | NT$2.34 Billion | 8.13% | 0.81x | $60.02 Million |
| Walsin Lihwa Corp (1605) | $87.28 Billion | 7.67% | 0.74x | $4.21 Billion |
| China Steel Corp (2002) | $342.80 Billion | 7.13% | 0.97x | $9.00 Billion |
| China Steel Corp Pref (2002A) | $386.96 Billion | 16.04% | 0.78x | $46.78 Million |
| Tung Ho Steel Enterprise Corp (2006) | $23.55 Billion | 6.30% | 0.55x | $1.50 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $5.65 Billion | -13.67% | 1.41x | $124.72 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $2.97 Billion | 1.42% | 1.47x | $165.35 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $10.15 Billion | 4.10% | 0.66x | $505.02 Million |
| Chun Yu Works & Co Ltd (2012) | $4.17 Billion | 3.35% | 1.56x | $129.09 Million |
| China Steel Structure Co Ltd (2013) | $4.37 Billion | 3.96% | 2.42x | $269.37 Million |
| Chung Hung Steel Corp (2014) | $11.93 Billion | 21.85% | 1.63x | $796.00 Million |
About TMP Steel
TMP Steel Corporation, together with its subsidiary, manufactures and sells iron and steel building materials in Taiwan. It offers steel reinforcing bars for use in building projects, including high-rises, factories, public construction, and social welfare initiatives; and fabrication processing services, such as custom rebar cutting, bending, processing, and forming services. The company was for… Read more