Shuang-Bang Industrial (6506) - Net Assets
Based on the latest financial reports, Shuang-Bang Industrial (6506) has net assets worth NT$1.30 Billion TWD (≈ $40.95 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$2.53 Billion ≈ $79.80 Million USD) and total liabilities (NT$1.23 Billion ≈ $38.85 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 6506 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.30 Billion |
| % of Total Assets | 51.32% |
| Annual Growth Rate | 0.91% |
| 5-Year Change | 2.32% |
| 10-Year Change | N/A |
| Growth Volatility | 4.45 |
Shuang-Bang Industrial - Net Assets Trend (2017–2025)
This chart illustrates how Shuang-Bang Industrial's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Shuang-Bang Industrial market capitalisation.
Annual Net Assets for Shuang-Bang Industrial (2017–2025)
The table below shows the annual net assets of Shuang-Bang Industrial from 2017 to 2025. Also explore Shuang-Bang Industrial (6506) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.30 Billion ≈ $40.95 Million |
+2.25% |
| 2024-12-31 | NT$1.27 Billion ≈ $40.05 Million |
+1.20% |
| 2023-12-31 | NT$1.26 Billion ≈ $39.58 Million |
-8.42% |
| 2022-12-31 | NT$1.37 Billion ≈ $43.22 Million |
+7.98% |
| 2021-12-31 | NT$1.27 Billion ≈ $40.02 Million |
+1.08% |
| 2020-12-31 | NT$1.26 Billion ≈ $39.60 Million |
-2.04% |
| 2019-12-31 | NT$1.28 Billion ≈ $40.42 Million |
+2.07% |
| 2018-12-31 | NT$1.26 Billion ≈ $39.60 Million |
+4.00% |
| 2017-12-31 | NT$1.21 Billion ≈ $38.08 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shuang-Bang Industrial'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 decreased by 23.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$262.15 Million | 20.61% |
| Other Components | NT$1.01 Billion | 79.39% |
| Total Equity | NT$1.27 Billion | 100.00% |
Shuang-Bang Industrial Competitors by Market Cap
The table below lists competitors of Shuang-Bang Industrial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
51 CREDIT CARD DL-00001
F:2JY
|
$46.45 Million |
|
Botnia Gold AB (publ)
ST:BOTX
|
$46.46 Million |
|
NVH Korea Inc
KQ:067570
|
$46.47 Million |
|
IGM Biosciences Inc
NASDAQ:IGMS
|
$46.47 Million |
|
FreeCast, Inc. Class A Common Stock
NASDAQ:CAST
|
$46.44 Million |
|
Brand Group (M.G) Ltd
TA:BRND
|
$46.44 Million |
|
Cytogen Inc
KQ:217330
|
$46.43 Million |
|
Elauwit Connection, Inc. Common Stock
NASDAQ:ELWT
|
$46.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shuang-Bang Industrial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,253,418,000 to 1,271,802,000, a change of 18,384,000 (1.5%).
- Net income of 85,295,000 contributed positively to equity growth.
- Dividend payments of 65,889,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$85.30 Million | +6.71% |
| Dividends Paid | NT$65.89 Million | -5.18% |
| Other Changes | NT$-1.02 Million | -0.08% |
| Total Change | NT$- | 1.47% |
Book Value vs Market Value Analysis
This analysis compares Shuang-Bang Industrial'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: 1.16x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$14.31 | NT$17.90 | x |
| 2018-12-31 | NT$14.64 | NT$17.90 | x |
| 2019-12-31 | NT$15.03 | NT$17.90 | x |
| 2020-12-31 | NT$14.58 | NT$17.90 | x |
| 2021-12-31 | NT$14.66 | NT$17.90 | x |
| 2022-12-31 | NT$15.90 | NT$17.90 | x |
| 2023-12-31 | NT$14.85 | NT$17.90 | x |
| 2024-12-31 | NT$15.22 | NT$17.90 | x |
| 2025-12-31 | NT$15.44 | NT$17.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shuang-Bang Industrial 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): 6.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.55%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.99x
- Recent ROE (6.71%) is below the historical average (7.82%), 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 | 10.27% | 5.62% | 1.03x | 1.77x | NT$3.14 Million |
| 2018 | 8.81% | 4.88% | 1.09x | 1.65x | NT$-14.37 Million |
| 2019 | 9.28% | 5.54% | 0.84x | 2.00x | NT$-8.93 Million |
| 2020 | 4.84% | 3.64% | 0.69x | 1.94x | NT$-62.16 Million |
| 2021 | 5.66% | 3.41% | 0.78x | 2.12x | NT$-52.54 Million |
| 2022 | 19.89% | 12.06% | 0.89x | 1.86x | NT$131.15 Million |
| 2023 | 0.05% | 0.04% | 0.63x | 2.05x | NT$-121.66 Million |
| 2024 | 4.90% | 3.22% | 0.76x | 2.01x | NT$-63.91 Million |
| 2025 | 6.71% | 4.55% | 0.74x | 1.99x | NT$-41.89 Million |
Industry Comparison
This section compares Shuang-Bang Industrial's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $44,138,471,900
- Average return on equity (ROE) among peers: 1.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shuang-Bang Industrial (6506) | NT$1.30 Billion | 10.27% | 0.95x | $46.45 Million |
| Formosa Plastics Corp (1301) | $96.92 Billion | 10.21% | 0.85x | $12.51 Billion |
| Nan Ya Plastics Corp (1303) | $200.48 Billion | 19.93% | 0.88x | $55.97 Billion |
| USI Corp (1304) | $36.45 Billion | 1.48% | 0.89x | $412.16 Million |
| China General Plastics Corp (1305) | $8.24 Billion | -11.15% | 1.12x | $218.76 Million |
| Asia Polymer Corp (1308) | $6.53 Billion | 15.09% | 0.14x | $261.89 Million |
| Taita Chemical Co Ltd (1309) | $6.65 Billion | -4.11% | 0.34x | $171.61 Million |
| China Petrochemical Development Corp (1314) | $67.19 Billion | 6.39% | 0.34x | $971.83 Million |
| Ocean Plastics Co Ltd (1321) | $5.35 Billion | -1.34% | 1.18x | $224.58 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $7.86 Billion | -24.02% | 0.07x | $37.28 Million |
| Everlight Chemical Industrial Corp (1711) | $5.71 Billion | 5.57% | 0.45x | $677.35 Million |
About Shuang-Bang Industrial
Shuang-Bang Industrial Corp. develops and manufactures polyurethane (PU) resins for shoes, synthetic leather crosslinkers, and polyol resins in Taiwan. It offers synthetic resins, including solvent base resins, PU foam resins, polyester polyol, reactive PUR hot melt adhesives, and PU prepolymer/PU elastomer; water base resins; hardeners, which include methylene dianiline and methylene chloroanili… Read more