Shiny Brands Group Co., Ltd.
Shiny Brands Group Co., Ltd. engages in the research, development, and sales of beauty care products and biotech health foods in Taiwan and internationally. It offers its products under the SEXYLOOK, MIRAE, LUDEYA, Dr. May, SIMPLY, M2, Eatbliss, and iQueen brand names. The company provides an ear hoop double lifting mask, obsidian black cotton mask, and a range of enzyme skin care products. The c… Read more
Shiny Brands Group Co., Ltd. (6703) - Net Assets
Latest net assets as of September 2025: NT$1.19 Billion TWD
Based on the latest financial reports, Shiny Brands Group Co., Ltd. (6703) has net assets worth NT$1.19 Billion 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$2.09 Billion) and total liabilities (NT$898.48 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$1.19 Billion |
| % of Total Assets | 56.97% |
| Annual Growth Rate | 10.57% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 18.04 |
Shiny Brands Group Co., Ltd. - Net Assets Trend (2021–2024)
This chart illustrates how Shiny Brands Group 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 Shiny Brands Group Co., Ltd. (2021–2024)
The table below shows the annual net assets of Shiny Brands Group Co., Ltd. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.29 Billion | -5.04% |
| 2023-12-31 | NT$1.35 Billion | +36.92% |
| 2022-12-31 | NT$989.34 Million | +3.97% |
| 2021-12-31 | NT$951.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shiny Brands Group 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 46.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$303.84 Million | 24.19% |
| Other Components | NT$952.36 Million | 75.81% |
| Total Equity | NT$1.26 Billion | 100.00% |
Shiny Brands Group Co., Ltd. Competitors by Market Cap
The table below lists competitors of Shiny Brands Group Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Resurs Holding AB (publ)
F:4R6
|
$60.83 Million |
|
Hain Celestial Group Inc.
LSE:0J2I
|
$60.85 Million |
|
Polyplex (Thailand) Public Company Limited
F:PKW
|
$60.86 Million |
|
BMTHF
PINK:BMTHF
|
$60.88 Million |
|
Aeroporto Guglielmo Marconi di Bologna S.p.A
F:169
|
$60.79 Million |
|
ELAN CORP.
F:25E
|
$60.78 Million |
|
Fonciere Lyonnaise
PA:FLY
|
$60.78 Million |
|
Chaun-Choung Technology Corp
TW:6230
|
$60.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shiny Brands Group Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,312,124,000 to 1,256,200,000, a change of -55,924,000 (-4.3%).
- Net income of 300,239,000 contributed positively to equity growth.
- Dividend payments of 347,795,000 reduced retained earnings.
- Share repurchases of 21,314,000 reduced equity.
- New share issuances of 31,304,000 increased equity.
- Other factors decreased equity by 18,358,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$300.24 Million | +23.9% |
| Dividends Paid | NT$347.80 Million | -27.69% |
| Share Repurchases | NT$21.31 Million | -1.7% |
| Share Issuances | NT$31.30 Million | +2.49% |
| Other Changes | NT$-18.36 Million | -1.46% |
| Total Change | NT$- | -4.26% |
Book Value vs Market Value Analysis
This analysis compares Shiny Brands Group 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: 3.06x
- 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 3.84x to 3.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | NT$30.57 | NT$117.50 | x |
| 2022-12-31 | NT$31.30 | NT$117.50 | x |
| 2023-12-31 | NT$40.70 | NT$117.50 | x |
| 2024-12-31 | NT$38.37 | NT$117.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shiny Brands Group 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): 23.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.38%
- • Asset Turnover: 1.67x
- • Equity Multiplier: 1.71x
- Recent ROE (23.90%) is above the historical average (22.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 14.99% | 10.49% | 1.20x | 1.19x | NT$47.34 Million |
| 2022 | 18.39% | 10.65% | 1.34x | 1.29x | NT$82.98 Million |
| 2023 | 30.75% | 13.57% | 1.31x | 1.73x | NT$272.28 Million |
| 2024 | 23.90% | 8.38% | 1.67x | 1.71x | NT$174.62 Million |
Industry Comparison
This section compares Shiny Brands Group Co., Ltd.'s net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $2,220,549,500
- Average return on equity (ROE) among peers: 4.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shiny Brands Group Co., Ltd. (6703) | NT$1.19 Billion | 14.99% | 0.76x | $60.81 Million |
| Farcent Enterprise Co Ltd (1730) | $1.11 Billion | 10.36% | 0.53x | $50.96 Million |
| Mao Bao Inc (1732) | $464.20 Million | 5.44% | 0.28x | $15.99 Million |
| Taiyen Biotech Co Ltd (1737) | $6.57 Billion | 3.19% | 0.05x | $103.31 Million |
| Sanitar Co Ltd (1817) | $1.49 Billion | 15.47% | 0.23x | $56.41 Million |
| Shihlin Paper Corp (1903) | $4.58 Billion | 0.00% | 0.72x | $268.57 Million |
| Jia Wei Lifestyle Inc (3557) | $778.16 Million | -13.00% | 0.45x | $39.15 Million |
| Chlitina Holding Ltd (4137) | $4.11 Billion | 29.63% | 0.55x | $176.21 Million |
| Jourdeness Group Ltd (4190) | $1.77 Billion | -16.49% | 3.17x | $20.26 Million |
| Kuangli Photoelectric Technology Co Ltd (6431) | $398.69 Million | -4.73% | 0.12x | $39.19 Million |
| Nan Liu Enterprise Co Ltd (6504) | $929.70 Million | 15.00% | 2.02x | $37.29 Million |