International Ocean Group
International Ocean Group provides marine geophysical, construction support, and hydrogeological survey services. It also offers operation and maintenance, and geotechnical for marine industry, as well as vessel charter and related services. The company was formerly known as IOVTEC Co., Ltd. International Ocean Group was founded in 2013 and is based in Taipei, Taiwan.
International Ocean Group (7583) - Net Assets
Latest net assets as of June 2025: NT$761.31 Million TWD
Based on the latest financial reports, International Ocean Group (7583) has net assets worth NT$761.31 Million 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$1.44 Billion) and total liabilities (NT$676.59 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$761.31 Million |
| % of Total Assets | 52.95% |
| Annual Growth Rate | 21.18% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8.42 |
International Ocean Group - Net Assets Trend (2021–2024)
This chart illustrates how International Ocean Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for International Ocean Group (2021–2024)
The table below shows the annual net assets of International Ocean Group from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$577.66 Million | +32.92% |
| 2023-12-31 | NT$434.59 Million | +18.55% |
| 2022-12-31 | NT$366.58 Million | +12.93% |
| 2021-12-31 | NT$324.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to International Ocean Group'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 501.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$159.91 Million | 27.68% |
| Common Stock | NT$192.51 Million | 33.33% |
| Other Components | NT$225.24 Million | 38.99% |
| Total Equity | NT$577.66 Million | 100.00% |
International Ocean Group Competitors by Market Cap
The table below lists competitors of International Ocean Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Epwin Group PLC
LSE:EPWN
|
$19.79K |
|
CN RESOURCES POWER (CRP.SG)
STU:CRP
|
$19.79K |
|
Sunwin Stevia International Inc
PINK:SUWN
|
$19.79K |
|
MONDADORI EDIT
BE:MDD
|
$19.79K |
|
MONEYSUPERMARKET (39M.SG)
STU:39M
|
$19.77K |
|
BDAP11
SA:BDAP11
|
$19.73K |
|
Win Win Precision Technology Co., Ltd.
TW:4949
|
$19.71K |
|
Optima Health plc
LSE:OPT
|
$19.71K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in International Ocean Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 434,593,000 to 577,660,000, a change of 143,067,000 (32.9%).
- Net income of 141,794,000 contributed positively to equity growth.
- Dividend payments of 22,471,000 reduced retained earnings.
- New share issuances of 5,429,000 increased equity.
- Other factors increased equity by 18,315,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$141.79 Million | +24.55% |
| Dividends Paid | NT$22.47 Million | -3.89% |
| Share Issuances | NT$5.43 Million | +0.94% |
| Other Changes | NT$18.32 Million | +3.17% |
| Total Change | NT$- | 32.92% |
Book Value vs Market Value Analysis
This analysis compares International Ocean Group'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: 2.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.88x to 2.39x 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$24.44 | NT$70.40 | x |
| 2022-12-31 | NT$22.12 | NT$70.40 | x |
| 2023-12-31 | NT$26.22 | NT$70.40 | x |
| 2024-12-31 | NT$29.50 | NT$70.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently International Ocean Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.45%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 2.34x
- Recent ROE (24.55%) is above the historical average (14.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 8.14% | 8.23% | 0.28x | 3.49x | NT$-6.03 Million |
| 2022 | 10.19% | 6.57% | 0.50x | 3.08x | NT$686.10K |
| 2023 | 14.06% | 6.41% | 0.75x | 2.93x | NT$17.66 Million |
| 2024 | 24.55% | 12.45% | 0.84x | 2.34x | NT$84.03 Million |
Industry Comparison
This section compares International Ocean Group's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,170,391,600
- Average return on equity (ROE) among peers: 6.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| International Ocean Group (7583) | NT$761.31 Million | 8.14% | 0.89x | $19.78K |
| Tri Ocean Textile Co Ltd (1472) | $333.36 Million | -10.62% | 2.04x | $47.78 Million |
| Ju-Kao Engineering Co., Ltd. (1594) | $297.75 Million | -0.44% | 0.99x | $1.54 Million |
| United Integrated Services Co Ltd (2404) | $6.61 Billion | 18.38% | 1.52x | $4.54 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $63.02 Million |
| BES Engineering Co (2515) | $19.46 Billion | 1.31% | 1.00x | $632.27 Million |
| New Asia Construction & Development Corp (2516) | $2.41 Billion | 2.77% | 2.80x | $83.75 Million |
| Delpha Construction Co Ltd (2530) | $3.35 Billion | 17.30% | 0.87x | $263.82 Million |
| Da-Cin Construction Co Ltd (2535) | $7.35 Billion | 8.58% | 1.32x | $428.26 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.87 Billion | 14.12% | 1.47x | $514.98 Million |
| Kedge Construction Co Ltd (2546) | $1.88 Billion | 6.30% | 1.33x | $163.03 Million |