Huikwang (6508) - Net Assets
Based on the latest financial reports, Huikwang (6508) has net assets worth NT$2.36 Billion TWD (≈ $74.47 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.74 Billion ≈ $86.41 Million USD) and total liabilities (NT$378.89 Million ≈ $11.94 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 6508 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.36 Billion |
| % of Total Assets | 86.19% |
| Annual Growth Rate | 2.5% |
| 5-Year Change | 7.77% |
| 10-Year Change | N/A |
| Growth Volatility | 3.64 |
Huikwang - Net Assets Trend (2017–2024)
This chart illustrates how Huikwang's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Huikwang for the complete picture of this company's asset base.
Annual Net Assets for Huikwang (2017–2024)
The table below shows the annual net assets of Huikwang from 2017 to 2024. For live valuation and market cap data, see 6508 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.45 Billion ≈ $77.24 Million |
+1.38% |
| 2023-12-31 | NT$2.42 Billion ≈ $76.19 Million |
-5.09% |
| 2022-12-31 | NT$2.55 Billion ≈ $80.28 Million |
+3.90% |
| 2021-12-31 | NT$2.45 Billion ≈ $77.26 Million |
+7.81% |
| 2020-12-31 | NT$2.27 Billion ≈ $71.67 Million |
+2.41% |
| 2019-12-31 | NT$2.22 Billion ≈ $69.98 Million |
+4.31% |
| 2018-12-31 | NT$2.13 Billion ≈ $67.09 Million |
+3.22% |
| 2017-12-31 | NT$2.06 Billion ≈ $65.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Huikwang'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 25.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$825.07 Million | 33.65% |
| Other Components | NT$1.63 Billion | 66.35% |
| Total Equity | NT$2.45 Billion | 100.00% |
Huikwang Competitors by Market Cap
The table below lists competitors of Huikwang ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kamdhenu Limited
NSE:KAMDHENU
|
$70.48 Million |
|
Oriental Food Industries Hold
KLSE:7107
|
$70.50 Million |
|
Nan Ren Hu Leisure Amusement Co Ltd
TWO:5905
|
$70.54 Million |
|
Ilyda SA
AT:ILYDA
|
$70.56 Million |
|
Sekar Bumi Tbk
JK:SKBM
|
$70.46 Million |
|
Dynamic Medical Technologies
TWO:4138
|
$70.45 Million |
|
Orexo AB
ST:ORX
|
$70.45 Million |
|
Island Pharmaceuticals Ltd
AU:ILA
|
$70.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huikwang's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,418,246,000 to 2,451,640,000, a change of 33,394,000 (1.4%).
- Net income of 92,571,000 contributed positively to equity growth.
- Dividend payments of 86,539,000 reduced retained earnings.
- Other factors increased equity by 27,362,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$92.57 Million | +3.78% |
| Dividends Paid | NT$86.54 Million | -3.53% |
| Other Changes | NT$27.36 Million | +1.12% |
| Total Change | NT$- | 1.38% |
Book Value vs Market Value Analysis
This analysis compares Huikwang'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: 0.91x
- 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 1.05x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$24.54 | NT$25.85 | x |
| 2018-12-31 | NT$25.24 | NT$25.85 | x |
| 2019-12-31 | NT$26.20 | NT$25.85 | x |
| 2020-12-31 | NT$26.55 | NT$25.85 | x |
| 2021-12-31 | NT$28.45 | NT$25.85 | x |
| 2022-12-31 | NT$29.41 | NT$25.85 | x |
| 2023-12-31 | NT$27.89 | NT$25.85 | x |
| 2024-12-31 | NT$28.33 | NT$25.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huikwang utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.24%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.18x
- Recent ROE (3.78%) is below the historical average (8.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.62% | 6.59% | 0.70x | 1.43x | NT$-69.72 Million |
| 2018 | 8.56% | 8.41% | 0.74x | 1.38x | NT$-30.62 Million |
| 2019 | 10.19% | 10.89% | 0.69x | 1.36x | NT$4.19 Million |
| 2020 | 8.32% | 10.30% | 0.57x | 1.41x | NT$-38.29 Million |
| 2021 | 13.42% | 15.75% | 0.66x | 1.30x | NT$83.84 Million |
| 2022 | 12.34% | 12.62% | 0.76x | 1.28x | NT$59.66 Million |
| 2023 | 3.76% | 5.95% | 0.51x | 1.23x | NT$-150.91 Million |
| 2024 | 3.78% | 6.24% | 0.51x | 1.18x | NT$-152.59 Million |
Industry Comparison
This section compares Huikwang's net assets metrics with peer companies in the Agricultural Inputs industry.
Industry Context
- Industry: Agricultural Inputs
- Average net assets among peers: $11,528,236,000
- Average return on equity (ROE) among peers: 6.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huikwang (6508) | NT$2.36 Billion | 6.62% | 0.16x | $70.48 Million |
| Sinon Corp (1712) | $4.15 Billion | 2.42% | 0.55x | $559.06 Million |
| Taiwan Fertilizer Co Ltd (1722) | $29.53 Billion | 0.00% | 0.66x | $1.57 Billion |
| All Cosmos Bio-Tech Holding Corp (4148) | $903.04 Million | 17.98% | 0.46x | $77.95 Million |
About Huikwang
Huikwang Corporation engages in the manufacture, processing, packaging, and trading of various pesticides, fertilizers, and public health pesticides. It is also involved in the manufacture of plastic sheets, fabrics, pipes and tubes, plastic films and bags, industrial plastic products, and geosynthetics, as well as micronutrient and organic fertilizer, and glyphosate, and other coating materials;… Read more