Wellpool Co Ltd (8424) - Net Assets
Based on the latest financial reports, Wellpool Co Ltd (8424) has net assets worth NT$1.11 Billion TWD (≈ $34.86 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.36 Billion ≈ $42.75 Million USD) and total liabilities (NT$250.55 Million ≈ $7.89 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 Wellpool Co Ltd strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.11 Billion |
| % of Total Assets | 81.54% |
| Annual Growth Rate | 2.4% |
| 5-Year Change | 7.82% |
| 10-Year Change | N/A |
| Growth Volatility | 2.08 |
Wellpool Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Wellpool Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 8424 market cap.
Annual Net Assets for Wellpool Co Ltd (2017–2025)
The table below shows the annual net assets of Wellpool Co Ltd from 2017 to 2025. Also explore net asset momentum of Wellpool Co Ltd to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.17 Billion ≈ $36.84 Million |
+4.57% |
| 2024-12-31 | NT$1.12 Billion ≈ $35.23 Million |
+2.18% |
| 2023-12-31 | NT$1.09 Billion ≈ $34.48 Million |
-1.55% |
| 2022-12-31 | NT$1.11 Billion ≈ $35.02 Million |
+2.49% |
| 2021-12-31 | NT$1.08 Billion ≈ $34.17 Million |
+2.24% |
| 2020-12-31 | NT$1.06 Billion ≈ $33.42 Million |
+0.29% |
| 2019-12-31 | NT$1.06 Billion ≈ $33.32 Million |
+4.38% |
| 2018-12-31 | NT$1.01 Billion ≈ $31.92 Million |
+4.80% |
| 2017-12-31 | NT$966.85 Million ≈ $30.46 Million |
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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 5.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$520.50 Million | 44.51% |
| Other Components | NT$648.79 Million | 55.49% |
| Total Equity | NT$1.17 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 |
|---|---|
|
Vaziva Sa
PA:ALVAZ
|
$75.24 Million |
|
Heubach Colorants India Limited
NSE:HEUBACHIND
|
$78.38 Million |
|
Hwaseung Industries Co Ltd
KO:006060
|
$78.42 Million |
|
MEGA International Development Co Ltd
TWO:5529
|
$81.82 Million |
|
Bukit Darmo Property Tbk
JK:BKDP
|
$78.37 Million |
|
CVRx Inc
NASDAQ:CVRX
|
$78.33 Million |
|
ZUE SA
WAR:ZUE
|
$78.32 Million |
|
Perdana Petroleum Bhd
KLSE:7108
|
$78.30 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 2024 to 2025, total equity changed from 1,118,204,000 to 1,169,289,000, a change of 51,085,000 (4.6%).
- Net income of 209,261,000 contributed positively to equity growth.
- Dividend payments of 158,639,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$209.26 Million | +17.9% |
| Dividends Paid | NT$158.64 Million | -13.57% |
| Other Changes | NT$463.00K | +0.04% |
| Total Change | NT$- | 4.57% |
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: 2.13x
- 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 2.57x to 2.13x 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$69.00 | x |
| 2018-12-31 | NT$28.10 | NT$69.00 | x |
| 2019-12-31 | NT$29.23 | NT$69.00 | x |
| 2020-12-31 | NT$29.31 | NT$69.00 | x |
| 2021-12-31 | NT$29.98 | NT$69.00 | x |
| 2022-12-31 | NT$30.72 | NT$69.00 | x |
| 2023-12-31 | NT$30.26 | NT$69.00 | x |
| 2024-12-31 | NT$31.01 | NT$69.00 | x |
| 2025-12-31 | NT$32.43 | NT$69.00 | 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): 17.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.34%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.19x
- Recent ROE (17.90%) is above the historical average (15.98%), indicating improving 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 |
| 2025 | 17.90% | 19.34% | 0.78x | 1.19x | NT$92.33 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: $51,803,071,700
- Average return on equity (ROE) among peers: 2.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wellpool Co Ltd (8424) | NT$1.11 Billion | 16.94% | 0.23x | $78.38 Million |
| Taiwan Cement Corp (1101) | $253.90 Billion | 3.15% | 0.85x | $5.93 Billion |
| Asia Cement Corp (1102) | $140.66 Billion | 2.81% | 0.70x | $3.91 Billion |
| Chia Hsin Cement Corp (1103) | $16.46 Billion | -4.42% | 0.77x | $270.84 Million |
| Universal Cement Corp (1104) | $12.25 Billion | 0.47% | 0.69x | $576.55 Million |
| Lucky Cement Co (1108) | $4.31 Billion | 4.11% | 1.16x | $140.90 Million |
| Hsing Ta Cement Co Ltd (1109) | $9.54 Billion | 10.52% | 0.24x | $144.03 Million |
| Southeast Cement Co Ltd (1110) | $8.57 Billion | 0.39% | 0.14x | $278.58 Million |
| Taiwan Glass Ind Corp (1802) | $43.36 Billion | -3.71% | 1.01x | $5.36 Billion |
| Goldsun Building Materials Co Ltd (2504) | $27.04 Billion | 2.90% | 0.68x | $1.14 Billion |
| Lihtai Construction Enterprise Co Ltd (5520) | $1.93 Billion | 4.79% | 0.22x | $154.94 Million |
About 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, including asbestos-free calcium silicate and fiber cement boards. Wellpool Co., Ltd. … Read more