ECOVE Environment Corp
ECOVE Environment Corp. provides waste management services to public and private entities in Taiwan, Macau, China, Southeast Asia, the United States, and India. The company finances, plans, constructs, operates, and maintains energy-from-waste, hazardous and special waste treatment, photovoltaic power, recycling, and water and wastewater treatment plants. It also provides management consulting, t… Read more
ECOVE Environment Corp (6803) - Net Assets
Latest net assets as of June 2025: NT$6.83 Billion TWD
Based on the latest financial reports, ECOVE Environment Corp (6803) has net assets worth NT$6.83 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$15.98 Billion) and total liabilities (NT$9.15 Billion). 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$6.83 Billion |
| % of Total Assets | 42.77% |
| Annual Growth Rate | 11.15% |
| 5-Year Change | 30.89% |
| 10-Year Change | 50.58% |
| Growth Volatility | 13.78 |
ECOVE Environment Corp - Net Assets Trend (2009–2024)
This chart illustrates how ECOVE Environment 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 ECOVE Environment Corp (2009–2024)
The table below shows the annual net assets of ECOVE Environment Corp from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.40 Billion | +8.50% |
| 2023-12-31 | NT$6.82 Billion | +6.02% |
| 2022-12-31 | NT$6.43 Billion | +9.04% |
| 2021-12-31 | NT$5.90 Billion | +4.35% |
| 2020-12-31 | NT$5.65 Billion | +1.03% |
| 2019-12-31 | NT$5.59 Billion | +3.16% |
| 2018-12-31 | NT$5.42 Billion | +3.64% |
| 2017-12-31 | NT$5.23 Billion | -0.64% |
| 2016-12-31 | NT$5.26 Billion | +7.19% |
| 2015-12-31 | NT$4.91 Billion | +4.98% |
| 2014-12-31 | NT$4.68 Billion | +5.26% |
| 2013-12-31 | NT$4.44 Billion | +35.20% |
| 2012-12-31 | NT$3.29 Billion | +11.28% |
| 2011-12-31 | NT$2.95 Billion | +46.81% |
| 2010-12-31 | NT$2.01 Billion | +32.86% |
| 2009-12-31 | NT$1.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ECOVE Environment 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 grown by 445.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.86 Billion | 27.52% |
| Other Components | NT$4.89 Billion | 72.48% |
| Total Equity | NT$6.74 Billion | 100.00% |
ECOVE Environment Corp Competitors by Market Cap
The table below lists competitors of ECOVE Environment Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Patrizia AG
XETRA:PAT
|
$304.14 Million |
|
Huarui Electrical Appliance Co Ltd
SHE:300626
|
$304.18 Million |
|
Saha Pathana Inter-Holding PCL
BK:SPI
|
$304.37 Million |
|
Jiangsu Favored Nanotechnology Co. Ltd. A
SHG:688371
|
$304.40 Million |
|
Nippon Sheet Glass Company Limited
PINK:NPSGF
|
$304.08 Million |
|
Wereldhav B-Sicafi
BR:WEHB
|
$304.03 Million |
|
Shenzhen Fluence Technology PLC
SHE:300647
|
$304.00 Million |
|
Topkey Corp
TW:4536
|
$303.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ECOVE Environment Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,322,675,000 to 6,744,853,000, a change of 422,178,000 (6.7%).
- Net income of 1,255,964,000 contributed positively to equity growth.
- Dividend payments of 1,287,009,000 reduced retained earnings.
- New share issuances of 113,543,000 increased equity.
- Other comprehensive income decreased equity by 1,187,877,000.
- Other factors increased equity by 1,527,557,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.26 Billion | +18.62% |
| Dividends Paid | NT$1.29 Billion | -19.08% |
| Share Issuances | NT$113.54 Million | +1.68% |
| Other Comprehensive Income | NT$-1.19 Billion | -17.61% |
| Other Changes | NT$1.53 Billion | +22.65% |
| Total Change | NT$- | 6.68% |
Book Value vs Market Value Analysis
This analysis compares ECOVE Environment 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: 3.16x
- 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 9.62x to 3.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$30.66 | NT$295.00 | x |
| 2010-12-31 | NT$34.70 | NT$295.00 | x |
| 2011-12-31 | NT$41.70 | NT$295.00 | x |
| 2012-12-31 | NT$46.30 | NT$295.00 | x |
| 2013-12-31 | NT$62.44 | NT$295.00 | x |
| 2014-12-31 | NT$64.66 | NT$295.00 | x |
| 2015-12-31 | NT$67.32 | NT$295.00 | x |
| 2016-12-31 | NT$70.39 | NT$295.00 | x |
| 2017-12-31 | NT$70.06 | NT$295.00 | x |
| 2018-12-31 | NT$72.78 | NT$295.00 | x |
| 2019-12-31 | NT$74.13 | NT$295.00 | x |
| 2020-12-31 | NT$76.56 | NT$295.00 | x |
| 2021-12-31 | NT$78.00 | NT$295.00 | x |
| 2022-12-31 | NT$84.22 | NT$295.00 | x |
| 2023-12-31 | NT$88.40 | NT$295.00 | x |
| 2024-12-31 | NT$93.27 | NT$295.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ECOVE Environment 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): 18.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.72%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.98x
- Recent ROE (18.62%) is above the historical average (18.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 23.33% | 12.66% | 0.71x | 2.61x | NT$194.09 Million |
| 2010 | 21.04% | 13.12% | 0.72x | 2.24x | NT$212.29 Million |
| 2011 | 20.89% | 15.58% | 0.55x | 2.46x | NT$284.94 Million |
| 2012 | 21.12% | 16.49% | 0.59x | 2.17x | NT$325.96 Million |
| 2013 | 15.49% | 16.54% | 0.53x | 1.76x | NT$219.77 Million |
| 2014 | 15.95% | 17.17% | 0.54x | 1.71x | NT$251.46 Million |
| 2015 | 16.00% | 17.42% | 0.53x | 1.72x | NT$266.47 Million |
| 2016 | 18.11% | 17.11% | 0.68x | 1.56x | NT$379.89 Million |
| 2017 | 16.26% | 17.00% | 0.63x | 1.51x | NT$292.98 Million |
| 2018 | 16.54% | 16.65% | 0.53x | 1.86x | NT$319.09 Million |
| 2019 | 16.27% | 15.25% | 0.56x | 1.91x | NT$312.68 Million |
| 2020 | 16.26% | 14.94% | 0.57x | 1.91x | NT$324.14 Million |
| 2021 | 16.67% | 15.29% | 0.48x | 2.25x | NT$364.41 Million |
| 2022 | 17.63% | 14.86% | 0.53x | 2.24x | NT$452.39 Million |
| 2023 | 18.41% | 15.26% | 0.58x | 2.07x | NT$531.77 Million |
| 2024 | 18.62% | 14.72% | 0.64x | 1.98x | NT$581.48 Million |
Industry Comparison
This section compares ECOVE Environment Corp's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $1,143,117,091
- Average return on equity (ROE) among peers: 10.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ECOVE Environment Corp (6803) | NT$6.83 Billion | 23.33% | 1.34x | $304.13 Million |
| Taiwan Steel Union Co Ltd (6581) | $1.94 Billion | 23.47% | 0.36x | $53.37 Million |
| Ever-Clear Environmental Eng. Corp. (6624) | $298.39 Million | 0.25% | 1.76x | $22.57 Million |
| Ping Ho Environmental Technology Co., Ltd. (6771) | $716.46 Million | 21.18% | 0.81x | $30.81 Million |
| Chyunn Environment Corporation (6911) | $537.93 Million | 8.22% | 0.52x | $9.39K |
| Techzone Technology Materials Co., Ltd. (6947) | $405.82 Million | 5.37% | 1.58x | $114.90 Million |
| Chin Hsin Environ Engineering Co., Ltd. (6951) | $652.57 Million | 16.02% | 0.68x | $37.59 Million |
| Enrestec Inc. (7507) | $812.37 Million | -7.49% | 0.42x | $38.15 Million |
| Revivegen Co., Ltd. (7578) | $2.48 Billion | 1.55% | 1.59x | $29.43 Million |
| Sunny Friend Environmental Technology Co Ltd (8341) | $2.44 Billion | 25.10% | 0.41x | $168.01 Million |