Ever-Clear Environmental Eng. Corp.
Ever-Clear Environmental Eng. Corp. engages in the industrial wastewater and organic waste gas treatment businesses in Taiwan. The company involved in the evaluation/process design/detailed design of wastewater/sludge/underground water/organic waste gas treatment; upgrade or expansion of existed wastewater or organic waste gas treatment plant; reuse of industrial wastewater; and organic waste gas… Read more
Ever-Clear Environmental Eng. Corp. (6624) - Net Assets
Latest net assets as of June 2024: NT$398.27 Million TWD
Based on the latest financial reports, Ever-Clear Environmental Eng. Corp. (6624) has net assets worth NT$398.27 Million TWD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$949.97 Million) and total liabilities (NT$551.69 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$398.27 Million |
| % of Total Assets | 41.93% |
| Annual Growth Rate | -1.67% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.06 |
Ever-Clear Environmental Eng. Corp. - Net Assets Trend (2019–2023)
This chart illustrates how Ever-Clear Environmental Eng. Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ever-Clear Environmental Eng. Corp. (2019–2023)
The table below shows the annual net assets of Ever-Clear Environmental Eng. Corp. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$328.60 Million | -3.18% |
| 2022-12-31 | NT$339.39 Million | +13.74% |
| 2021-12-31 | NT$298.39 Million | -0.70% |
| 2020-12-31 | NT$300.49 Million | -14.52% |
| 2019-12-31 | NT$351.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ever-Clear Environmental Eng. Corp.'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 57.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$23.47 Million | 7.14% |
| Common Stock | NT$180.00 Million | 54.78% |
| Other Comprehensive Income | NT$28.55 Million | 8.69% |
| Other Components | NT$96.58 Million | 29.39% |
| Total Equity | NT$328.60 Million | 100.00% |
Ever-Clear Environmental Eng. Corp. Competitors by Market Cap
The table below lists competitors of Ever-Clear Environmental Eng. Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SRM CONTRACTORS ORD (BSE)
NSE:SRM
|
$22.95 Million |
|
Miwon Holdings Co. Ltd
KO:107590
|
$22.95 Million |
|
AGORA Hospitality Group Co. Ltd
PINK:AGORF
|
$22.95 Million |
|
Histeel
KO:071090
|
$22.95 Million |
|
YONGHE MED.GR.DL-0000025
F:L97
|
$22.94 Million |
|
Kaya Holdings Inc
OTCQB:KAYS
|
$22.93 Million |
|
MSC Co. Ltd
KQ:009780
|
$22.92 Million |
|
Climeon AB (publ)
OTCGREY:CLMOF
|
$22.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ever-Clear Environmental Eng. Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 339,393,000 to 328,600,000, a change of -10,793,000 (-3.2%).
- Net income of 21,607,000 contributed positively to equity growth.
- Dividend payments of 32,400,000 reduced retained earnings.
- Other comprehensive income decreased equity by 613,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$21.61 Million | +6.58% |
| Dividends Paid | NT$32.40 Million | -9.86% |
| Other Comprehensive Income | NT$-613.00K | -0.19% |
| Other Changes | NT$613.00K | +0.19% |
| Total Change | NT$- | -3.18% |
Book Value vs Market Value Analysis
This analysis compares Ever-Clear Environmental Eng. Corp.'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: 3.42x
- 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 increased from 3.07x to 3.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$19.78 | NT$60.80 | x |
| 2020-12-31 | NT$16.29 | NT$60.80 | x |
| 2021-12-31 | NT$16.17 | NT$60.80 | x |
| 2022-12-31 | NT$18.35 | NT$60.80 | x |
| 2023-12-31 | NT$17.78 | NT$60.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ever-Clear Environmental Eng. Corp. 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): 6.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.16%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.85x
- Recent ROE (6.58%) is above the historical average (4.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 15.45% | 11.54% | 0.66x | 2.03x | NT$19.15 Million |
| 2020 | -5.15% | -6.19% | 0.35x | 2.38x | NT$-45.51 Million |
| 2021 | 0.25% | 0.21% | 0.43x | 2.76x | NT$-29.10 Million |
| 2022 | 7.23% | 5.33% | 0.51x | 2.67x | NT$-9.42 Million |
| 2023 | 6.58% | 4.16% | 0.55x | 2.85x | NT$-11.25 Million |
Industry Comparison
This section compares Ever-Clear Environmental Eng. Corp.'s net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $2,055,687,889
- Average return on equity (ROE) among peers: 12.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ever-Clear Environmental Eng. Corp. (6624) | NT$398.27 Million | 15.45% | 1.39x | $22.95 Million |
| Taiwan Steel Union Co Ltd (6581) | $4.33 Billion | 22.73% | 0.14x | $51.95 Million |
| Ping Ho Environmental Technology Co., Ltd. (6771) | $869.78 Million | 13.60% | 0.55x | $30.63 Million |
| ECOVE Environment Corp (6803) | $5.26 Billion | 16.11% | 0.39x | $305.16 Million |
| Chyunn Environment Corporation (6911) | $373.76 Million | 13.28% | 0.49x | $8.87K |
| Techzone Technology Materials Co., Ltd. (6947) | $384.05 Million | 10.37% | 1.62x | $115.78 Million |
| Chin Hsin Environ Engineering Co., Ltd. (6951) | $194.12 Million | 18.31% | 1.55x | $37.68 Million |
| Enrestec Inc. (7507) | $1.45 Billion | 8.42% | 0.54x | $31.28 Million |
| Revivegen Co., Ltd. (7578) | $366.82 Million | 3.07% | 1.12x | $28.10 Million |
| Sunny Friend Environmental Technology Co Ltd (8341) | $5.27 Billion | 7.76% | 0.97x | $168.01 Million |