Wellpool Co Ltd
Wellpool Co., Ltd., together with its subsidiaries, manufactures and sells panels in Taiwan. The company manufactures, imports, and trades calcium silicate plates and other plates. It also engages in the manufacture, processing, and trading in synthetic fibers. In addition, the company offers building materials, such as asbestos-free calcium silicate and fiber cement boards. Wellpool Co., Ltd. wa… Read more
Wellpool Co Ltd (8424) - Net Assets
Latest net assets as of September 2025: NT$1.11 Billion TWD
Based on the latest financial reports, Wellpool Co Ltd (8424) has net assets worth NT$1.11 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.29 Billion) and total liabilities (NT$181.62 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$1.11 Billion |
| % of Total Assets | 85.93% |
| Annual Growth Rate | 2.1% |
| 5-Year Change | 5.41% |
| 10-Year Change | N/A |
| Growth Volatility | 2.04 |
Wellpool Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Wellpool 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 Wellpool Co Ltd (2017–2024)
The table below shows the annual net assets of Wellpool Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.12 Billion | +2.18% |
| 2023-12-31 | NT$1.09 Billion | -1.55% |
| 2022-12-31 | NT$1.11 Billion | +2.49% |
| 2021-12-31 | NT$1.08 Billion | +2.24% |
| 2020-12-31 | NT$1.06 Billion | +0.29% |
| 2019-12-31 | NT$1.06 Billion | +4.38% |
| 2018-12-31 | NT$1.01 Billion | +4.80% |
| 2017-12-31 | NT$966.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wellpool 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 decreased by 11.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$486.70 Million | 43.53% |
| Other Components | NT$631.50 Million | 56.47% |
| Total Equity | NT$1.12 Billion | 100.00% |
Wellpool Co Ltd Competitors by Market Cap
The table below lists competitors of Wellpool Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huang Long Development Co Ltd
TWO:3512
|
$32.92 Million |
|
PDS Biotechnology Corp
NASDAQ:PDSB
|
$32.92 Million |
|
Maiden Holdings Ltd
NASDAQ:MHLD
|
$32.93 Million |
|
Kartonsan Karton Sanayi ve Ticaret AS
IS:KARTN
|
$32.93 Million |
|
Lu Hai Holding Corp
TW:2115
|
$32.89 Million |
|
Shufersal
TA:SAE
|
$32.89 Million |
|
dMY Squared Technology Group Inc
NYSE MKT:DMYY
|
$32.88 Million |
|
Padaeng Industry Public Company Limited
F:QU5A
|
$32.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wellpool Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,094,378,000 to 1,118,204,000, a change of 23,826,000 (2.2%).
- Net income of 166,383,000 contributed positively to equity growth.
- Dividend payments of 144,217,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$166.38 Million | +14.88% |
| Dividends Paid | NT$144.22 Million | -12.9% |
| Other Changes | NT$1.66 Million | +0.15% |
| Total Change | NT$- | 2.18% |
Book Value vs Market Value Analysis
This analysis compares Wellpool 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: 2.42x
- 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 2.79x to 2.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$26.82 | NT$74.90 | x |
| 2018-12-31 | NT$28.10 | NT$74.90 | x |
| 2019-12-31 | NT$29.23 | NT$74.90 | x |
| 2020-12-31 | NT$29.31 | NT$74.90 | x |
| 2021-12-31 | NT$29.98 | NT$74.90 | x |
| 2022-12-31 | NT$30.72 | NT$74.90 | x |
| 2023-12-31 | NT$30.26 | NT$74.90 | x |
| 2024-12-31 | NT$31.01 | NT$74.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wellpool 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): 14.88%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.19%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.19x
- Recent ROE (14.88%) is below the historical average (15.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 16.94% | 17.89% | 0.76x | 1.24x | NT$67.07 Million |
| 2018 | 17.09% | 17.45% | 0.82x | 1.20x | NT$71.88 Million |
| 2019 | 17.06% | 19.20% | 0.78x | 1.15x | NT$74.69 Million |
| 2020 | 13.79% | 17.76% | 0.68x | 1.14x | NT$40.23 Million |
| 2021 | 15.31% | 18.64% | 0.72x | 1.15x | NT$57.63 Million |
| 2022 | 16.88% | 18.18% | 0.80x | 1.17x | NT$76.47 Million |
| 2023 | 13.98% | 16.08% | 0.75x | 1.17x | NT$43.60 Million |
| 2024 | 14.88% | 16.19% | 0.77x | 1.19x | NT$54.56 Million |
Industry Comparison
This section compares Wellpool Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $14,671,208,111
- Average return on equity (ROE) among peers: 7.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wellpool Co Ltd (8424) | NT$1.11 Billion | 16.94% | 0.16x | $32.89 Million |
| Chia Hsin Cement Corp (1103) | $18.60 Billion | 14.70% | 0.85x | $115.31 Million |
| Universal Cement Corp (1104) | $13.38 Billion | 5.32% | 0.19x | $364.13 Million |
| Lucky Cement Co (1108) | $4.80 Billion | 6.57% | 0.61x | $88.91 Million |
| Hsing Ta Cement Co Ltd (1109) | $5.71 Billion | 4.90% | 0.17x | $89.19 Million |
| Southeast Cement Co Ltd (1110) | $8.51 Billion | 0.77% | 0.09x | $139.76 Million |
| Taiwan Glass Ind Corp (1802) | $51.66 Billion | -1.36% | 0.80x | $2.52 Billion |
| Goldsun Building Materials Co Ltd (2504) | $25.62 Billion | 13.78% | 0.58x | $902.17 Million |
| Lihtai Construction Enterprise Co Ltd (5520) | $1.80 Billion | 3.42% | 0.25x | $51.69 Million |
| Yonggu Group Inc (5546) | $1.95 Billion | 23.73% | 1.67x | $14.85 Million |