Superior Plating Technology Co Ltd Net Assets
Superior Plating Technology Co Ltd net assets. Based on the latest financial reports, Superior Plating Technology Co Ltd (8431) has net assets worth NT$970.50 Million TWD (≈ $30.58 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.43 Billion ≈ $44.93 Million USD) and total liabilities (NT$455.57 Million ≈ $14.35 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 8431 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$970.50 Million |
| % of Total Assets | 68.05% |
| Annual Growth Rate | 2.17% |
| 5-Year Change | 22.7% |
| 10-Year Change | N/A |
| Growth Volatility | 10.16 |
Net Assets of Superior Plating Technology Co Ltd (2017–2024)
Net assets of Superior Plating Technology Co Ltd from 2017 to 2024. This chart illustrates how Superior Plating Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See Superior Plating Technology Co Ltd balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Superior Plating Technology Co Ltd (2017–2024)
The table below shows the annual net assets of Superior Plating Technology Co Ltd from 2017 to 2024. For live market cap and overall valuation, see 8431 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.14 Billion ≈ $36.05 Million |
+7.90% |
| 2023-12-31 | NT$1.06 Billion ≈ $33.41 Million |
+1.22% |
| 2022-12-31 | NT$1.05 Billion ≈ $33.01 Million |
-3.53% |
| 2021-12-31 | NT$1.09 Billion ≈ $34.21 Million |
+16.45% |
| 2020-12-31 | NT$932.50 Million ≈ $29.38 Million |
+15.47% |
| 2019-12-31 | NT$807.58 Million ≈ $25.44 Million |
-11.52% |
| 2018-12-31 | NT$912.76 Million ≈ $28.76 Million |
-7.30% |
| 2017-12-31 | NT$984.67 Million ≈ $31.02 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Superior Plating Technology 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 grown by 31012700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Superior Plating Technology Co Ltd Net Assets Breakdown (December 2024)
Superior Plating Technology Co Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$210.88 Million | 21.11% |
| Other Components | NT$787.86 Million | 78.89% |
| Total Equity | NT$998.74 Million | 100.00% |
Superior Plating Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Superior Plating Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ways Technical Ltd
TWO:3508
|
$70.25 Million |
|
SEWON Precision Industry Co., Ltd.
KO:021820
|
$70.28 Million |
|
Afarak Group Oyj
HE:AFAGR
|
$70.29 Million |
|
Tasco Bhd
KLSE:5140
|
$70.30 Million |
|
Daishin Balance No.6 Special Purpose Acquisition Co. Ltd
KQ:307750
|
$70.22 Million |
|
Foshan Electrical and Lighting Co Ltd
SHE:200541
|
$70.16 Million |
|
Magna Prima Bhd
KLSE:7617
|
$70.15 Million |
|
Universal Partners Ltd
JSE:UPL
|
$70.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Superior Plating Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 903,448,000 to 998,740,000, a change of 95,292,000 (10.5%).
- Net income of 54,875,000 contributed positively to equity growth.
- Dividend payments of 13,050,000 reduced retained earnings.
- Share repurchases of 19,047,000 reduced equity.
- Other factors increased equity by 72,514,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$54.88 Million | +5.49% |
| Dividends Paid | NT$13.05 Million | -1.31% |
| Share Repurchases | NT$19.05 Million | -1.91% |
| Other Changes | NT$72.51 Million | +7.26% |
| Total Change | NT$- | 10.55% |
Book Value vs Market Value Analysis
This analysis compares Superior Plating Technology 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: 2.28x
- 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 2.60x to 2.28x 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$19.96 | NT$52.00 | x |
| 2018-12-31 | NT$18.59 | NT$52.00 | x |
| 2019-12-31 | NT$16.47 | NT$52.00 | x |
| 2020-12-31 | NT$18.74 | NT$52.00 | x |
| 2021-12-31 | NT$21.27 | NT$52.00 | x |
| 2022-12-31 | NT$20.07 | NT$52.00 | x |
| 2023-12-31 | NT$20.74 | NT$52.00 | x |
| 2024-12-31 | NT$22.77 | NT$52.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Superior Plating Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.33%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.66x
- Recent ROE (5.49%) is above the historical average (1.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -11.24% | -12.82% | 0.53x | 1.67x | NT$-187.56 Million |
| 2018 | -9.75% | -7.99% | 0.72x | 1.70x | NT$-163.89 Million |
| 2019 | -11.23% | -10.47% | 0.59x | 1.83x | NT$-155.41 Million |
| 2020 | 12.78% | 10.25% | 0.70x | 1.77x | NT$23.18 Million |
| 2021 | 19.85% | 13.86% | 0.74x | 1.93x | NT$93.31 Million |
| 2022 | 2.95% | 2.30% | 0.68x | 1.88x | NT$-62.10 Million |
| 2023 | 2.86% | 2.80% | 0.59x | 1.72x | NT$-64.53 Million |
| 2024 | 5.49% | 5.33% | 0.62x | 1.66x | NT$-45.00 Million |
Industry Comparison
This section compares Superior Plating Technology Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $55,545,497,600
- Average return on equity (ROE) among peers: 12.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Superior Plating Technology Co Ltd (8431) | NT$970.50 Million | -11.24% | 0.47x | $70.23 Million |
| Formosa Plastics Corp (1301) | $288.98 Billion | -0.43% | 0.72x | $13.86 Billion |
| Nan Ya Plastics Corp (1303) | $150.14 Billion | 11.46% | 0.96x | $69.09 Billion |
| USI Corp (1304) | $39.18 Billion | 3.27% | 0.82x | $396.95 Million |
| China General Plastics Corp (1305) | $8.20 Billion | 15.48% | 0.55x | $210.52 Million |
| Asia Polymer Corp (1308) | $9.50 Billion | 7.01% | 0.54x | $245.05 Million |
| Taita Chemical Co Ltd (1309) | $7.66 Billion | 24.14% | 0.40x | $152.19 Million |
| China Petrochemical Development Corp (1314) | $38.49 Billion | 28.38% | 0.41x | $937.25 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $238.13 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $5.54 Billion | 21.69% | 0.19x | $33.72 Million |
| Everlight Chemical Industrial Corp (1711) | $4.84 Billion | 2.28% | 0.45x | $635.06 Million |
About Superior Plating Technology Co Ltd
Superior Plating Technology Co., Ltd. operates as a surface treatment service provider and planting management company in Taiwan. The company offers surface treatment services for metal or plastic products, as well as related management consulting services, such as environmental, automation, and production services; and is involved in the wholesale of electrical appliances and industrial additive… Read more