E&E Recycling (8440) - Net Assets
Based on the latest financial reports, E&E Recycling (8440) has net assets worth NT$642.63 Million TWD (≈ $20.25 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$808.18 Million ≈ $25.46 Million USD) and total liabilities (NT$165.55 Million ≈ $5.22 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 tangible equity quality of E&E Recycling to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$642.63 Million |
| % of Total Assets | 79.52% |
| Annual Growth Rate | 5.21% |
| 5-Year Change | 12.57% |
| 10-Year Change | N/A |
| Growth Volatility | 6.86 |
E&E Recycling - Net Assets Trend (2017–2025)
This chart illustrates how E&E Recycling's net assets have evolved over time, based on quarterly financial data. See E&E Recycling (8440) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for E&E Recycling (2017–2025)
The table below shows the annual net assets of E&E Recycling from 2017 to 2025. For live valuation and market cap data, see E&E Recycling (8440) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$642.63 Million ≈ $20.25 Million |
+1.20% |
| 2024-12-31 | NT$635.02 Million ≈ $20.01 Million |
+2.99% |
| 2023-12-31 | NT$616.58 Million ≈ $19.43 Million |
+5.74% |
| 2022-12-31 | NT$583.11 Million ≈ $18.37 Million |
+2.14% |
| 2021-12-31 | NT$570.89 Million ≈ $17.99 Million |
+7.50% |
| 2020-12-31 | NT$531.06 Million ≈ $16.73 Million |
+1.61% |
| 2019-12-31 | NT$522.65 Million ≈ $16.47 Million |
-0.31% |
| 2018-12-31 | NT$524.25 Million ≈ $16.52 Million |
+22.45% |
| 2017-12-31 | NT$428.14 Million ≈ $13.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to E&E Recycling'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 36.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$59.80 Million | 9.31% |
| Other Components | NT$582.83 Million | 90.69% |
| Total Equity | NT$642.63 Million | 100.00% |
E&E Recycling Competitors by Market Cap
The table below lists competitors of E&E Recycling ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tela Bio Inc
NASDAQ:TELA
|
$35.81 Million |
|
Drone Volt SA
PA:ALDRV
|
$35.82 Million |
|
Cipherlab Co Ltd
TWO:6160
|
$35.82 Million |
|
Sunfar Computer Co Ltd
TWO:6154
|
$35.83 Million |
|
Hanwha Chemical Corp Pref
KO:009835
|
$35.70 Million |
|
Aarti Surfactants Limited
NSE:AARTISURF
|
$35.66 Million |
|
SCD Co. Ltd
KQ:042110
|
$35.66 Million |
|
Simonds Group Ltd
AU:SIO
|
$35.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in E&E Recycling's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 635,021,000 to 642,630,000, a change of 7,609,000 (1.2%).
- Net income of 15,443,000 contributed positively to equity growth.
- Dividend payments of 7,342,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$15.44 Million | +2.4% |
| Dividends Paid | NT$7.34 Million | -1.14% |
| Other Changes | NT$-492.00K | -0.08% |
| Total Change | NT$- | 1.20% |
Book Value vs Market Value Analysis
This analysis compares E&E Recycling'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: 1.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$13.15 | NT$22.55 | x |
| 2018-12-31 | NT$13.80 | NT$22.55 | x |
| 2019-12-31 | NT$13.74 | NT$22.55 | x |
| 2020-12-31 | NT$13.96 | NT$22.55 | x |
| 2021-12-31 | NT$15.00 | NT$22.55 | x |
| 2022-12-31 | NT$15.33 | NT$22.55 | x |
| 2023-12-31 | NT$16.21 | NT$22.55 | x |
| 2024-12-31 | NT$12.58 | NT$22.55 | x |
| 2025-12-31 | NT$12.79 | NT$22.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently E&E Recycling utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.69%
- • Asset Turnover: 1.13x
- • Equity Multiplier: 1.26x
- Recent ROE (2.40%) is below the historical average (5.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.07% | 6.32% | 1.10x | 1.30x | NT$-4.00 Million |
| 2018 | 3.57% | 2.50% | 1.23x | 1.16x | NT$-33.69 Million |
| 2019 | 3.54% | 2.64% | 1.15x | 1.16x | NT$-33.78 Million |
| 2020 | 4.31% | 3.25% | 1.16x | 1.14x | NT$-30.20 Million |
| 2021 | 9.14% | 6.01% | 1.25x | 1.22x | NT$-4.90 Million |
| 2022 | 5.86% | 3.90% | 1.27x | 1.18x | NT$-24.14 Million |
| 2023 | 8.12% | 5.50% | 1.17x | 1.26x | NT$-11.60 Million |
| 2024 | 3.69% | 2.41% | 1.26x | 1.21x | NT$-40.07 Million |
| 2025 | 2.40% | 1.69% | 1.13x | 1.26x | NT$-48.82 Million |
Industry Comparison
This section compares E&E Recycling's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $3,353,788,500
- Average return on equity (ROE) among peers: 13.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| E&E Recycling (8440) | NT$642.63 Million | 9.07% | 0.26x | $35.70 Million |
| Taiwan Steel Union Co Ltd (6581) | $3.79 Billion | 14.91% | 0.16x | $382.12 Million |
| ECOVE Environment Corp (6803) | $2.95 Billion | 18.50% | 1.18x | $660.36 Million |
| Sunny Friend Environmental Technology Co Ltd (8341) | $879.15 Million | 9.54% | 0.48x | $331.75 Million |
| Jiin Yeeh Ding Enterprise Co Ltd (8390) | $2.62 Billion | 12.06% | 0.21x | $354.30 Million |
| Cleanaway Co Ltd (8422) | $4.59 Billion | 22.35% | 0.13x | $1.03 Billion |
| Forest Water Environmental Eng Co Ltd (8473) | $5.28 Billion | 5.69% | 0.75x | $293.77 Million |
About E&E Recycling
E&E Recycling,Inc. engages in waste disposal, removal, and recycling business in Taiwan. The company treats waste household appliances, such as televisions, air-conditioners, refrigerators, washing machines, and fans; and waste information items, including host computers, monitors, liquid crystal displays, keyboards, printers, and laptops. It also sells various treatment equipment, such as waste … Read more