Redwood Group Ltd (8426) - Net Assets
Based on the latest financial reports, Redwood Group Ltd (8426) has net assets worth NT$1.12 Billion TWD (≈ $35.27 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$2.31 Billion ≈ $72.72 Million USD) and total liabilities (NT$1.19 Billion ≈ $37.46 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. Read Redwood Group Ltd balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.12 Billion |
| % of Total Assets | 48.5% |
| Annual Growth Rate | 2.88% |
| 5-Year Change | 70.79% |
| 10-Year Change | N/A |
| Growth Volatility | 17.86 |
Redwood Group Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Redwood Group Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 8426 asset base for the complete picture of this company's asset base.
Annual Net Assets for Redwood Group Ltd (2017–2024)
The table below shows the annual net assets of Redwood Group Ltd from 2017 to 2024. For live valuation and market cap data, see 8426 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 13.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$389.78 Million | 30.20% |
| Other Components | NT$900.87 Million | 69.80% |
| Total Equity | NT$1.29 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 |
|---|---|
|
Locksley Resources Ltd
AU:LKY
|
$37.75 Million |
|
New Century Logistics (BVI) Limited Ordinary Shares
NASDAQ:NCEW
|
$37.76 Million |
|
Canacol Energy Ltd.
TO:CNE
|
$37.76 Million |
|
Hizeaero Co. Ltd
KQ:221840
|
$37.77 Million |
|
OCR Group Bhd
KLSE:7071
|
$37.75 Million |
|
Lien Chang Electronic Enterprise Co Ltd
TW:2431
|
$37.74 Million |
|
Namibia Critical Metals Inc
V:NMI
|
$37.73 Million |
|
Pyung Hwa Ind
KO:090080
|
$37.73 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 2023 to 2024, total equity changed from 1,075,480,000 to 1,290,647,000, a change of 215,167,000 (20.0%).
- Net income of 252,695,000 contributed positively to equity growth.
- Dividend payments of 125,606,000 reduced retained earnings.
- Other factors increased equity by 88,078,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$252.69 Million | +19.58% |
| Dividends Paid | NT$125.61 Million | -9.73% |
| Other Changes | NT$88.08 Million | +6.82% |
| Total Change | NT$- | 20.01% |
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: 0.93x
- 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 1.13x to 0.93x 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$23.85 | x |
| 2018-12-31 | NT$18.83 | NT$23.85 | x |
| 2019-12-31 | NT$18.17 | NT$23.85 | x |
| 2020-12-31 | NT$15.04 | NT$23.85 | x |
| 2021-12-31 | NT$14.25 | NT$23.85 | x |
| 2022-12-31 | NT$15.52 | NT$23.85 | x |
| 2023-12-31 | NT$21.40 | NT$23.85 | x |
| 2024-12-31 | NT$25.69 | NT$23.85 | 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): 19.58%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.81%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 1.83x
- Recent ROE (19.58%) is above the historical average (6.90%), 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 |
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: $5,125,250,200
- Average return on equity (ROE) among peers: 8.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Redwood Group Ltd (8426) | NT$1.12 Billion | 16.09% | 1.06x | $37.75 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $9.08 Billion | 4.99% | 0.45x | $187.46 Million |
| Sampo Corp (1604) | $7.71 Billion | 48.31% | 0.80x | $262.45 Million |
| China Electric Manufacturing Corp (1611) | $4.21 Billion | 1.84% | 0.28x | $121.51 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.23 Billion | 6.03% | 0.27x | $259.82 Million |
| Airmate Cayman International Co Ltd (1626) | $3.21 Billion | 14.72% | 1.74x | $53.57 Million |
| Hocheng Corp (1810) | $6.88 Billion | 0.00% | 1.01x | $165.48 Million |
| King Slide Works Co Ltd (2059) | $8.66 Billion | 18.15% | 0.15x | $11.74 Billion |
| Fortune Oriental Co Ltd (2491) | $672.94 Million | -3.87% | 2.20x | $39.27 Million |
| Ado Optronics (3516) | $1.64 Billion | 1.19% | 0.65x | $38.28 Million |
| Mosa Industrial Corp (4564) | $3.96 Billion | -8.92% | 0.81x | $133.48 Million |
About Redwood Group Ltd
Redwood Group Ltd, together with its subsidiaries, engages in the decoration of boutique brand stores in Asia, the Middle East, the United States, and Europe. It also operates as a contract manufacturer of interior fittings for luxury brands; and designs, produces, and sells millwork, metal and PVD, glass, veneer, LED and electrical, paint coating, acrylic, sofa and upholstery, solid surface and … Read more