HIM International Music
HIM International Music Inc. engages in the recording and distribution of music. It also offers copyright licensing and artist management services. The company was founded in 1988 and is headquartered in Taipei, Taiwan.
HIM International Music (8446) - Net Assets
Latest net assets as of June 2025: NT$2.02 Billion TWD
Based on the latest financial reports, HIM International Music (8446) has net assets worth NT$2.02 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.88 Billion) and total liabilities (NT$858.48 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.02 Billion |
| % of Total Assets | 70.16% |
| Annual Growth Rate | 8.47% |
| 5-Year Change | 49.73% |
| 10-Year Change | N/A |
| Growth Volatility | 4.35 |
HIM International Music - Net Assets Trend (2015–2024)
This chart illustrates how HIM International Music's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HIM International Music (2015–2024)
The table below shows the annual net assets of HIM International Music from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.11 Billion | +15.88% |
| 2023-12-31 | NT$1.82 Billion | +10.35% |
| 2022-12-31 | NT$1.65 Billion | +5.03% |
| 2021-12-31 | NT$1.57 Billion | +11.48% |
| 2020-12-31 | NT$1.41 Billion | +6.03% |
| 2019-12-31 | NT$1.33 Billion | -0.32% |
| 2018-12-31 | NT$1.33 Billion | +7.83% |
| 2017-12-31 | NT$1.24 Billion | +10.43% |
| 2016-12-31 | NT$1.12 Billion | +10.29% |
| 2015-12-31 | NT$1.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to HIM International Music'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 168.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$798.74 Million | 37.87% |
| Other Components | NT$1.31 Billion | 62.13% |
| Total Equity | NT$2.11 Billion | 100.00% |
HIM International Music Competitors by Market Cap
The table below lists competitors of HIM International Music ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
San Fu Chemical Co Ltd
TW:4755
|
$83.18 Million |
|
Campine
BR:CAMB
|
$83.19 Million |
|
OZATA DENIZCILIK
IS:OZATD
|
$83.20 Million |
|
NRC Group ASA
OL:NRC
|
$83.20 Million |
|
IMAX China Holding Inc
PINK:IMXCF
|
$83.18 Million |
|
KBS Real Estate Investment Trust III Inc
PINK:KBSR
|
$83.17 Million |
|
Orient Green Power Company Limited
NSE:GREENPOWER
|
$83.17 Million |
|
Finance of America Companies Inc
NYSE:FOA
|
$83.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HIM International Music's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,820,378,000 to 2,109,215,000, a change of 288,837,000 (15.9%).
- Net income of 605,429,000 contributed positively to equity growth.
- Dividend payments of 317,486,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$605.43 Million | +28.7% |
| Dividends Paid | NT$317.49 Million | -15.05% |
| Other Changes | NT$894.00K | +0.04% |
| Total Change | NT$- | 15.87% |
Book Value vs Market Value Analysis
This analysis compares HIM International Music'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: 2.44x
- 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 4.26x to 2.44x 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$22.79 | NT$97.10 | x |
| 2018-12-31 | NT$25.15 | NT$97.10 | x |
| 2019-12-31 | NT$25.08 | NT$97.10 | x |
| 2020-12-31 | NT$26.53 | NT$97.10 | x |
| 2021-12-31 | NT$29.62 | NT$97.10 | x |
| 2022-12-31 | NT$31.09 | NT$97.10 | x |
| 2023-12-31 | NT$34.32 | NT$97.10 | x |
| 2024-12-31 | NT$39.86 | NT$97.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HIM International Music 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): 28.70%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.02%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.37x
- Recent ROE (28.70%) is above the historical average (27.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 22.28% | 21.43% | 0.56x | 1.85x | NT$124.25 Million |
| 2016 | 25.18% | 17.20% | 0.68x | 2.15x | NT$169.41 Million |
| 2017 | 25.99% | 20.64% | 0.60x | 2.08x | NT$197.15 Million |
| 2018 | 35.96% | 28.22% | 0.69x | 1.85x | NT$345.47 Million |
| 2019 | 40.76% | 36.07% | 0.58x | 1.96x | NT$408.25 Million |
| 2020 | 35.88% | 43.38% | 0.39x | 2.12x | NT$364.37 Million |
| 2021 | 22.11% | 41.52% | 0.26x | 2.05x | NT$190.23 Million |
| 2022 | 19.06% | 35.02% | 0.29x | 1.90x | NT$149.35 Million |
| 2023 | 23.93% | 36.34% | 0.37x | 1.78x | NT$253.56 Million |
| 2024 | 28.70% | 44.02% | 0.47x | 1.37x | NT$394.51 Million |
Industry Comparison
This section compares HIM International Music's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $1,522,885,222
- Average return on equity (ROE) among peers: 0.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HIM International Music (8446) | NT$2.02 Billion | 22.28% | 0.43x | $83.18 Million |
| Deltamac Taiwan Co Ltd (6144) | $358.11 Million | -8.39% | 0.20x | $2.13 Million |
| Dafeng TV Ltd (6184) | $1.34 Billion | 19.54% | 0.15x | $70.87 Million |
| Taiwan Optical Platform Co Ltd (6464) | $8.29 Billion | 8.91% | 1.25x | $84.55 Million |
| Julien's International Entertainment Group (6595) | $149.78 Million | -40.69% | 0.68x | $30.80 Million |
| Kuang Hong Arts Management (6596) | $708.10 Million | 31.58% | 0.49x | $120.62 Million |
| Bossdom Digiinnovation Co., Ltd. (6622) | $513.37 Million | -1.14% | 0.72x | $5.35 Million |
| B’IN Live Co Ltd (6625) | $421.15 Million | 9.91% | 0.76x | $82.82 Million |
| Pili International Multimedia Co Ltd (8450) | $1.76 Billion | 9.22% | 0.29x | $14.61 Million |
| 1 Production Film Co. (8458) | $167.32 Million | -21.15% | 0.37x | $4.67K |