Wah Hong Industrial (8240) - Net Assets
Based on the latest financial reports, Wah Hong Industrial (8240) has net assets worth NT$4.66 Billion TWD (≈ $146.95 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$7.36 Billion ≈ $231.92 Million USD) and total liabilities (NT$2.70 Billion ≈ $84.97 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. Also explore 8240 total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.66 Billion |
| % of Total Assets | 63.36% |
| Annual Growth Rate | 3.32% |
| 5-Year Change | 9.58% |
| 10-Year Change | 24.92% |
| Growth Volatility | 10.86 |
Wah Hong Industrial - Net Assets Trend (2009–2025)
This chart illustrates how Wah Hong Industrial's net assets have evolved over time, based on quarterly financial data. Check Wah Hong Industrial (8240) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Wah Hong Industrial (2009–2025)
The table below shows the annual net assets of Wah Hong Industrial from 2009 to 2025. For live valuation and market cap data, see 8240 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.66 Billion ≈ $146.95 Million |
-3.11% |
| 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 |
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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 40.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.08 Billion | 23.61% |
| Other Components | NT$3.48 Billion | 76.39% |
| Total Equity | NT$4.56 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 |
|---|---|
|
Detection Technology OY
HE:DETEC
|
$137.07 Million |
|
Red Planet Indonesia Tbk
JK:PSKT
|
$137.08 Million |
|
Uniplus Electronics Co Ltd
TWO:5381
|
$137.20 Million |
|
Affinity Bancshares Inc
NASDAQ:AFBI
|
$137.20 Million |
|
Peak Rare EARTHS Ltd
AU:PEK
|
$137.02 Million |
|
eCloudvalley Digital Technology Co. Ltd.
TW:6689
|
$136.92 Million |
|
TuHURA Biosciences Inc
NASDAQ:HURA
|
$136.92 Million |
|
Bassett Furniture Industries
NASDAQ:BSET
|
$136.89 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 2024 to 2025, total equity changed from 4,698,229,000 to 4,555,394,000, a change of -142,835,000 (-3.0%).
- Net income of 218,148,000 contributed positively to equity growth.
- Dividend payments of 160,007,000 reduced retained earnings.
- Other factors decreased equity by 200,976,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$218.15 Million | +4.79% |
| Dividends Paid | NT$160.01 Million | -3.51% |
| Other Changes | NT$-200.98 Million | -4.41% |
| Total Change | NT$- | -3.04% |
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: 0.95x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.18x to 0.95x 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$43.50 | x |
| 2010-12-31 | NT$37.59 | NT$43.50 | x |
| 2011-12-31 | NT$45.56 | NT$43.50 | x |
| 2012-12-31 | NT$41.54 | NT$43.50 | x |
| 2013-12-31 | NT$46.99 | NT$43.50 | x |
| 2014-12-31 | NT$44.64 | NT$43.50 | x |
| 2015-12-31 | NT$46.26 | NT$43.50 | x |
| 2016-12-31 | NT$36.94 | NT$43.50 | x |
| 2017-12-31 | NT$36.68 | NT$43.50 | x |
| 2018-12-31 | NT$37.15 | NT$43.50 | x |
| 2019-12-31 | NT$37.04 | NT$43.50 | x |
| 2020-12-31 | NT$38.70 | NT$43.50 | x |
| 2021-12-31 | NT$40.95 | NT$43.50 | x |
| 2022-12-31 | NT$40.75 | NT$43.50 | x |
| 2023-12-31 | NT$41.93 | NT$43.50 | x |
| 2024-12-31 | NT$46.98 | NT$43.50 | x |
| 2025-12-31 | NT$45.55 | NT$43.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wah Hong Industrial utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.06%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 1.62x
- Recent ROE (4.79%) is above the historical average (4.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 8.68% | 3.53% | 0.96x | 2.56x | NT$-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 |
| 2025 | 4.79% | 3.06% | 0.97x | 1.62x | NT$-237.39 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: $75,527,099,200
- Average return on equity (ROE) among peers: 8.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wah Hong Industrial (8240) | NT$4.66 Billion | 8.68% | 0.58x | $137.05 Million |
| Syncmold Enterprise Corp (1582) | $5.56 Billion | 15.38% | 0.77x | $337.71 Million |
| Fulltech Fiber Glass (1815) | $6.59 Billion | -9.88% | 1.04x | $1.46 Billion |
| Delta Electronics Inc (2308) | $178.59 Billion | 14.27% | 0.88x | $148.53 Billion |
| Compeq Manufacturing Co Ltd (2313) | $39.25 Billion | 10.62% | 1.02x | $8.07 Billion |
| WUS Printed Circuit Co Ltd (2316) | $5.58 Billion | 6.27% | 0.63x | $934.60 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $472.80 Billion | 16.01% | 1.16x | $116.35 Billion |
| Yageo Corp (2327) | $26.07 Billion | 1.15% | 0.77x | $37.17 Billion |
| Pan-International Industrial Corp (2328) | $5.96 Billion | 12.08% | 0.58x | $768.36 Million |
| Chin-Poon Industrial Co Ltd (2355) | $9.53 Billion | 6.92% | 0.54x | $526.60 Million |
| Solomon Technology Corp (2359) | $5.33 Billion | 8.60% | 0.59x | $828.77 Million |
About Wah Hong Industrial
Wah Hong Industrial Corp. manufactures and sells LCD materials, including diffusing film, reflective film, and optical films, as well as bulk molding compound (BMC) materials and molded products in Taiwan, China, and internationally. The company offers opto-electronics material comprising optical film, optical plate, and touch panel material; and precise coating products, such as protective film,… Read more