Redwood Group Ltd (8426) - Net Assets
Based on the latest financial reports, Redwood Group Ltd (8426) has net assets worth NT$1.27 Billion TWD (≈ $40.11 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$2.54 Billion ≈ $80.11 Million USD) and total liabilities (NT$1.27 Billion ≈ $40.00 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 Redwood Group Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.27 Billion |
| % of Total Assets | 50.06% |
| Annual Growth Rate | 2.34% |
| 5-Year Change | 77.76% |
| 10-Year Change | N/A |
| Growth Volatility | 16.82 |
Redwood Group Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Redwood Group Ltd's net assets have evolved over time, based on quarterly financial data. See Redwood Group Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Redwood Group Ltd (2017–2025)
The table below shows the annual net assets of Redwood Group Ltd from 2017 to 2025. For live valuation and market cap data, see 8426 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.27 Billion ≈ $40.11 Million |
-1.37% |
| 2024-12-31 | NT$1.29 Billion ≈ $40.66 Million |
+20.01% |
| 2023-12-31 | NT$1.08 Billion ≈ $33.88 Million |
+37.92% |
| 2022-12-31 | NT$779.77 Million ≈ $24.57 Million |
+8.89% |
| 2021-12-31 | NT$716.11 Million ≈ $22.56 Million |
-5.24% |
| 2020-12-31 | NT$755.71 Million ≈ $23.81 Million |
-17.23% |
| 2019-12-31 | NT$912.99 Million ≈ $28.76 Million |
-3.50% |
| 2018-12-31 | NT$946.15 Million ≈ $29.81 Million |
-10.54% |
| 2017-12-31 | NT$1.06 Billion ≈ $33.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Redwood Group 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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$449.07 Million | 35.28% |
| Other Components | NT$823.90 Million | 64.72% |
| Total Equity | NT$1.27 Billion | 100.00% |
Redwood Group Ltd Competitors by Market Cap
The table below lists competitors of Redwood Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FACB Industries Incorporated
KLSE:2984
|
$32.85 Million |
|
Viomi Technology ADR
NASDAQ:VIOT
|
$32.88 Million |
|
Corem Property Group AB (publ)
ST:CORE-A
|
$32.91 Million |
|
Camino Minerals Corporation
V:COR
|
$32.93 Million |
|
Westport Fuel Systems Inc
TO:WPRT
|
$32.84 Million |
|
Myomo Inc
NYSE MKT:MYO
|
$32.84 Million |
|
JSW Pacific
TWO:5251
|
$32.84 Million |
|
S H L Telemedicine Ltd
SW:SHLTN
|
$32.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Redwood Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,290,647,000 to 1,272,971,000, a change of -17,676,000 (-1.4%).
- Net income of 92,997,000 contributed positively to equity growth.
- Dividend payments of 125,606,000 reduced retained earnings.
- Other factors increased equity by 14,933,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$93.00 Million | +7.31% |
| Dividends Paid | NT$125.61 Million | -9.87% |
| Other Changes | NT$14.93 Million | +1.17% |
| Total Change | NT$- | -1.37% |
Book Value vs Market Value Analysis
This analysis compares Redwood Group 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: 0.82x
- 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 0.99x to 0.82x 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$21.05 | NT$20.75 | x |
| 2018-12-31 | NT$18.83 | NT$20.75 | x |
| 2019-12-31 | NT$18.17 | NT$20.75 | x |
| 2020-12-31 | NT$15.04 | NT$20.75 | x |
| 2021-12-31 | NT$14.25 | NT$20.75 | x |
| 2022-12-31 | NT$15.52 | NT$20.75 | x |
| 2023-12-31 | NT$21.40 | NT$20.75 | x |
| 2024-12-31 | NT$25.69 | NT$20.75 | x |
| 2025-12-31 | NT$25.34 | NT$20.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Redwood Group 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): 7.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.44%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 2.00x
- Recent ROE (7.31%) is above the historical average (6.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 16.09% | 9.61% | 1.06x | 1.59x | NT$64.39 Million |
| 2018 | -2.59% | -1.63% | 0.90x | 1.76x | NT$-119.10 Million |
| 2019 | 3.26% | 1.80% | 0.90x | 2.02x | NT$-61.54 Million |
| 2020 | -16.73% | -16.26% | 0.41x | 2.48x | NT$-202.00 Million |
| 2021 | 0.81% | 0.41% | 0.77x | 2.58x | NT$-65.79 Million |
| 2022 | 4.15% | 1.90% | 0.77x | 2.84x | NT$-45.65 Million |
| 2023 | 30.59% | 11.50% | 1.24x | 2.15x | NT$221.48 Million |
| 2024 | 19.58% | 8.81% | 1.21x | 1.83x | NT$123.63 Million |
| 2025 | 7.31% | 3.44% | 1.06x | 2.00x | NT$-34.30 Million |
Industry Comparison
This section compares Redwood Group Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $3,745,845,300
- Average return on equity (ROE) among peers: 8.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Redwood Group Ltd (8426) | NT$1.27 Billion | 16.09% | 1.00x | $32.85 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $2.60 Billion | 22.46% | 0.44x | $184.01 Million |
| Sampo Corp (1604) | $7.63 Billion | 5.61% | 0.59x | $274.96 Million |
| China Electric Manufacturing Corp (1611) | $4.20 Billion | 0.22% | 0.23x | $135.23 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.52 Billion | 6.66% | 0.25x | $260.23 Million |
| Airmate Cayman International Co Ltd (1626) | $1.35 Billion | 15.18% | 3.32x | $47.91 Million |
| Hocheng Corp (1810) | $5.84 Billion | 2.88% | 0.92x | $194.48 Million |
| King Slide Works Co Ltd (2059) | $3.57 Billion | 19.71% | 0.51x | $20.90 Billion |
| Fortune Oriental Co Ltd (2491) | $2.09 Billion | 5.97% | 0.16x | $88.88 Million |
| Ado Optronics (3516) | $1.34 Billion | 0.93% | 0.27x | $50.85 Million |
| Mosa Industrial Corp (4564) | $3.32 Billion | 7.08% | 0.83x | $114.41 Million |
About Redwood Group Ltd
Redwood Group Ltd, together with its subsidiaries, engages in the decoration of boutique brand stores in Malaysia, Thailand, India, Vietnam, Japan, the United States, China, the Philippines, Australia, and France. The company also operates as a contract manufacturer of interior fittings for luxury brands. In addition, it provides carpentry, glass, metal and PVD, LED and electrical, paints and coa… Read more