ChenFull Precision Co., Ltd
ChenFull Precision Co., Ltd. manufactures, processes, and trades precision molds and aviation equipment in Taiwan and internationally. The company provides parts and components for optoelectronic and semiconductor equipment industry, including cooling and heating plates, electrode plates, diffuser backing plates, transfer producer chambers, load lock chambers, adapter plates, process chamber lids… Read more
ChenFull Precision Co., Ltd (6829) - Net Assets
Latest net assets as of September 2024: NT$1.89 Billion TWD
Based on the latest financial reports, ChenFull Precision Co., Ltd (6829) has net assets worth NT$1.89 Billion TWD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.02 Billion) and total liabilities (NT$1.13 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$1.89 Billion |
| % of Total Assets | 62.43% |
| Annual Growth Rate | 20.98% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 20.24 |
ChenFull Precision Co., Ltd - Net Assets Trend (2020–2023)
This chart illustrates how ChenFull Precision 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 ChenFull Precision Co., Ltd (2020–2023)
The table below shows the annual net assets of ChenFull Precision Co., Ltd from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$1.84 Billion | -5.73% |
| 2022-12-31 | NT$1.96 Billion | +39.13% |
| 2021-12-31 | NT$1.41 Billion | +34.94% |
| 2020-12-31 | NT$1.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ChenFull Precision 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 550.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$217.01 Million | 11.76% |
| Common Stock | NT$591.69 Million | 32.07% |
| Other Comprehensive Income | NT$63.82 Million | 3.46% |
| Other Components | NT$972.31 Million | 52.70% |
| Total Equity | NT$1.84 Billion | 100.00% |
ChenFull Precision Co., Ltd Competitors by Market Cap
The table below lists competitors of ChenFull Precision Co., Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KOLOS CEMENT LTD
SEM:KLOS
|
$30.44K |
|
BRSR3F
SA:BRSR3F
|
$30.44K |
|
Franchise Brands PLC
LSE:FRAN
|
$30.45K |
|
TF553
SA:TF553
|
$30.48K |
|
7736
TWO:7736
|
$30.43K |
|
Manuka Inc.
PINK:MNKA
|
$30.42K |
|
The Israel Land Development Company Ltd
TA:ILDA
|
$30.38K |
|
BRAINSTORM CELL
BE:GHDN
|
$30.34K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ChenFull Precision Co., Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,957,064,000 to 1,844,837,000, a change of -112,227,000 (-5.7%).
- Net income of 207,690,000 contributed positively to equity growth.
- Dividend payments of 319,513,000 reduced retained earnings.
- Other comprehensive income increased equity by 63,822,000.
- Other factors decreased equity by 64,226,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$207.69 Million | +11.26% |
| Dividends Paid | NT$319.51 Million | -17.32% |
| Other Comprehensive Income | NT$63.82 Million | +3.46% |
| Other Changes | NT$-64.23 Million | -3.48% |
| Total Change | NT$- | -5.73% |
Book Value vs Market Value Analysis
This analysis compares ChenFull Precision 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: 3.45x
- 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 2.86x to 3.45x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$37.38 | NT$107.00 | x |
| 2021-12-31 | NT$26.75 | NT$107.00 | x |
| 2022-12-31 | NT$33.31 | NT$107.00 | x |
| 2023-12-31 | NT$31.03 | NT$107.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ChenFull Precision Co., Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.26%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.38%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.24x
- Recent ROE (11.26%) is below the historical average (12.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 3.00% | 8.80% | 0.24x | 1.44x | NT$-73.00 Million |
| 2021 | 18.23% | 15.01% | 0.83x | 1.46x | NT$115.78 Million |
| 2022 | 18.16% | 19.93% | 0.70x | 1.31x | NT$159.70 Million |
| 2023 | 11.26% | 15.38% | 0.59x | 1.24x | NT$23.21 Million |
Industry Comparison
This section compares ChenFull Precision Co., Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $13,532,689,500
- Average return on equity (ROE) among peers: 12.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ChenFull Precision Co., Ltd (6829) | NT$1.89 Billion | 3.00% | 0.60x | $30.43K |
| TECO Electric & Machinery Co Ltd (1504) | $61.70 Billion | 5.22% | 0.61x | $3.79 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $19.24 Billion | 18.82% | 1.56x | $1.96 Billion |
| Anderson Industrial Corp (1528) | $2.30 Billion | -6.77% | 1.31x | $87.63 Million |
| Awea Mechantronic Co Ltd (1530) | $3.16 Billion | 4.15% | 0.97x | $20.63 Million |
| Kaulin Mfg (1531) | $4.60 Billion | 7.11% | 0.29x | $39.04 Million |
| Chiu Ting Machinery Co Ltd (1539) | $990.48 Million | 22.54% | 1.99x | $14.13 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.20 Billion | 23.81% | 0.57x | $45.90 Million |
| Sinmag Equipment (1580) | $2.98 Billion | 20.23% | 0.34x | $131.61 Million |
| Goodway Machine Corp (1583) | $4.00 Billion | 10.09% | 1.15x | $28.04 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $3.89 Billion |