Wah Hong Industrial (8240) - Net Assets
Based on the latest financial reports, Wah Hong Industrial (8240) has net assets worth NT$4.47 Billion TWD (≈ $140.97 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$7.21 Billion ≈ $227.17 Million USD) and total liabilities (NT$2.74 Billion ≈ $86.20 Million USD). 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. Check 8240 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.47 Billion |
| % of Total Assets | 62.05% |
| Annual Growth Rate | 3.76% |
| 5-Year Change | 20.25% |
| 10-Year Change | 2.42% |
| Growth Volatility | 11.06 |
Wah Hong Industrial - Net Assets Trend (2009–2024)
This chart illustrates how Wah Hong Industrial's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Wah Hong Industrial for the complete picture of this company's asset base.
Annual Net Assets for Wah Hong Industrial (2009–2024)
The table below shows the annual net assets of Wah Hong Industrial from 2009 to 2024. For live valuation and market cap data, see Wah Hong Industrial (8240) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.81 Billion ≈ $151.67 Million |
+11.67% |
| 2023-12-31 | NT$4.31 Billion ≈ $135.82 Million |
+1.84% |
| 2022-12-31 | NT$4.23 Billion ≈ $133.37 Million |
-0.55% |
| 2021-12-31 | NT$4.26 Billion ≈ $134.10 Million |
+6.33% |
| 2020-12-31 | NT$4.00 Billion ≈ $126.12 Million |
+3.76% |
| 2019-12-31 | NT$3.86 Billion ≈ $121.56 Million |
+1.54% |
| 2018-12-31 | NT$3.80 Billion ≈ $119.71 Million |
+2.43% |
| 2017-12-31 | NT$3.71 Billion ≈ $116.88 Million |
-0.65% |
| 2016-12-31 | NT$3.73 Billion ≈ $117.64 Million |
-20.56% |
| 2015-12-31 | NT$4.70 Billion ≈ $148.08 Million |
-4.22% |
| 2014-12-31 | NT$4.91 Billion ≈ $154.61 Million |
+5.82% |
| 2013-12-31 | NT$4.64 Billion ≈ $146.11 Million |
+16.71% |
| 2012-12-31 | NT$3.97 Billion ≈ $125.19 Million |
-0.27% |
| 2011-12-31 | NT$3.98 Billion ≈ $125.52 Million |
+33.04% |
| 2010-12-31 | NT$2.99 Billion ≈ $94.35 Million |
+8.25% |
| 2009-12-31 | NT$2.77 Billion ≈ $87.16 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Wah Hong Industrial'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 12.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$861.47 Million | 18.34% |
| Other Components | NT$3.84 Billion | 81.66% |
| Total Equity | NT$4.70 Billion | 100.00% |
Wah Hong Industrial Competitors by Market Cap
The table below lists competitors of Wah Hong Industrial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Monument Mining Limited
V:MMY
|
$207.33 Million |
|
Kwangdong Phar
KO:009290
|
$207.44 Million |
|
Maha Energy AB (publ)
ST:MAHA-A
|
$207.53 Million |
|
Jacob Finance And Investments Ltd
TA:JCFN
|
$207.55 Million |
|
Triplepoint Venture Growth BDC Corp
NYSE:TPVG
|
$207.31 Million |
|
Eastern Media International Corp
TW:2614
|
$207.24 Million |
|
HMS Bergbau AG
XETRA:HMU
|
$207.16 Million |
|
BVZ Holding AG
SW:BVZN
|
$207.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wah Hong Industrial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,198,175,000 to 4,698,229,000, a change of 500,054,000 (11.9%).
- Net income of 301,121,000 contributed positively to equity growth.
- Dividend payments of 147,781,000 reduced retained earnings.
- New share issuances of 40,228,000 increased equity.
- Other comprehensive income decreased equity by 523,889,000.
- Other factors increased equity by 830,375,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$301.12 Million | +6.41% |
| Dividends Paid | NT$147.78 Million | -3.15% |
| Share Issuances | NT$40.23 Million | +0.86% |
| Other Comprehensive Income | NT$-523.89 Million | -11.15% |
| Other Changes | NT$830.38 Million | +17.67% |
| Total Change | NT$- | 11.91% |
Book Value vs Market Value Analysis
This analysis compares Wah Hong Industrial'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: 1.40x
- 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 1.79x to 1.40x 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$36.86 | NT$65.80 | x |
| 2010-12-31 | NT$37.59 | NT$65.80 | x |
| 2011-12-31 | NT$45.56 | NT$65.80 | x |
| 2012-12-31 | NT$41.54 | NT$65.80 | x |
| 2013-12-31 | NT$46.99 | NT$65.80 | x |
| 2014-12-31 | NT$44.64 | NT$65.80 | x |
| 2015-12-31 | NT$46.26 | NT$65.80 | x |
| 2016-12-31 | NT$36.94 | NT$65.80 | x |
| 2017-12-31 | NT$36.68 | NT$65.80 | x |
| 2018-12-31 | NT$37.15 | NT$65.80 | x |
| 2019-12-31 | NT$37.04 | NT$65.80 | x |
| 2020-12-31 | NT$38.70 | NT$65.80 | x |
| 2021-12-31 | NT$40.95 | NT$65.80 | x |
| 2022-12-31 | NT$40.75 | NT$65.80 | x |
| 2023-12-31 | NT$41.93 | NT$65.80 | x |
| 2024-12-31 | NT$46.98 | NT$65.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wah Hong Industrial utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.01%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.66x
- Recent ROE (6.41%) is above the historical average (4.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 8.68% | 3.53% | 0.96x | 2.56x | NT$-36.06 Million |
| 2010 | 14.89% | 4.64% | 1.12x | 2.88x | NT$144.89 Million |
| 2011 | 10.35% | 3.97% | 1.07x | 2.43x | NT$13.76 Million |
| 2012 | 7.44% | 2.54% | 1.01x | 2.89x | NT$-100.95 Million |
| 2013 | 1.99% | 0.81% | 1.04x | 2.36x | NT$-368.36 Million |
| 2014 | 4.21% | 1.68% | 1.13x | 2.22x | NT$-282.09 Million |
| 2015 | 0.03% | 0.01% | 0.99x | 2.08x | NT$-465.01 Million |
| 2016 | -18.31% | -7.58% | 1.05x | 2.31x | NT$-1.05 Billion |
| 2017 | 1.28% | 0.57% | 1.04x | 2.16x | NT$-319.48 Million |
| 2018 | 4.02% | 1.94% | 0.95x | 2.18x | NT$-223.91 Million |
| 2019 | 5.60% | 2.12% | 1.19x | 2.22x | NT$-163.88 Million |
| 2020 | 5.62% | 2.10% | 1.17x | 2.28x | NT$-168.42 Million |
| 2021 | 10.38% | 3.92% | 1.15x | 2.30x | NT$15.69 Million |
| 2022 | 6.37% | 2.86% | 1.08x | 2.07x | NT$-149.41 Million |
| 2023 | 4.82% | 2.69% | 0.95x | 1.89x | NT$-217.44 Million |
| 2024 | 6.41% | 4.01% | 0.96x | 1.66x | NT$-168.70 Million |
Industry Comparison
This section compares Wah Hong Industrial's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $132,998,231,100
- Average return on equity (ROE) among peers: 6.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wah Hong Industrial (8240) | NT$4.47 Billion | 8.68% | 0.61x | $207.32 Million |
| Syncmold Enterprise Corp (1582) | $5.56 Billion | 16.02% | 0.51x | $427.25 Million |
| Fulltech Fiber Glass (1815) | $7.75 Billion | 0.81% | 0.95x | $1.79 Billion |
| Delta Electronics Inc (2308) | $100.36 Billion | 16.05% | 0.82x | $181.68 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.18 Billion | -5.23% | 1.12x | $10.08 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.59 Billion | 1.76% | 0.97x | $654.50 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.14 Trillion | 13.07% | 1.28x | $100.08 Billion |
| Yageo Corp (2327) | $27.35 Billion | 2.10% | 0.67x | $22.36 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $888.39 Million |
| Chin-Poon Industrial Co Ltd (2355) | $9.98 Billion | 17.84% | 0.56x | $643.70 Million |
| Solomon Technology Corp (2359) | $4.27 Billion | 0.41% | 0.23x | $677.59 Million |
About Wah Hong Industrial
Wah Hong Industrial Corp. engages in the development, production, and sale of composite materials and advanced plastic compounds in Taiwan, China, and internationally. The company offers opto-electronics material comprising of optical film, optical plate, and touch panel material; and precise coating products, such as PF, screen protector, ASF, thermal and UV release tapes, QFN tape, OEM/ODM coat… Read more