Hsin Tai Gas Co Ltd (8917) - Net Assets
Based on the latest financial reports, Hsin Tai Gas Co Ltd (8917) has net assets worth NT$2.64 Billion TWD (≈ $83.31 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$5.83 Billion ≈ $183.67 Million USD) and total liabilities (NT$3.19 Billion ≈ $100.36 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 8917 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.64 Billion |
| % of Total Assets | 45.36% |
| Annual Growth Rate | 5.29% |
| 5-Year Change | 19.32% |
| 10-Year Change | N/A |
| Growth Volatility | 3.35 |
Hsin Tai Gas Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Hsin Tai Gas Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Hsin Tai Gas Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Hsin Tai Gas Co Ltd (2017–2024)
The table below shows the annual net assets of Hsin Tai Gas Co Ltd from 2017 to 2024. For live valuation and market cap data, see market cap of Hsin Tai Gas Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.72 Billion ≈ $85.82 Million |
+0.60% |
| 2023-12-31 | NT$2.71 Billion ≈ $85.30 Million |
+2.41% |
| 2022-12-31 | NT$2.64 Billion ≈ $83.30 Million |
+9.52% |
| 2021-12-31 | NT$2.41 Billion ≈ $76.06 Million |
+5.75% |
| 2020-12-31 | NT$2.28 Billion ≈ $71.92 Million |
+10.37% |
| 2019-12-31 | NT$2.07 Billion ≈ $65.16 Million |
+5.51% |
| 2018-12-31 | NT$1.96 Billion ≈ $61.76 Million |
+3.25% |
| 2017-12-31 | NT$1.90 Billion ≈ $59.81 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hsin Tai Gas 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 decreased by 34.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$424.95 Million | 15.60% |
| Other Components | NT$2.30 Billion | 84.40% |
| Total Equity | NT$2.72 Billion | 100.00% |
Hsin Tai Gas Co Ltd Competitors by Market Cap
The table below lists competitors of Hsin Tai Gas Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BRT Realty Trust
NYSE:BRT
|
$268.04 Million |
|
Dexus Convenience Retail REIT
AU:DXC
|
$268.05 Million |
|
I-MAB SPONS.ADS/1 -0001
F:0VY
|
$268.17 Million |
|
Inflection Point Acquisition Corp. III Class A Ordinary Shares
NASDAQ:IPCX
|
$268.21 Million |
|
Ashtead Group PLC
LSE:AHT
|
$268.00 Million |
|
Smart Eye AB
ST:SEYE
|
$267.85 Million |
|
AMC Networks Inc
NASDAQ:AMCX
|
$267.64 Million |
|
North-Star International Co Ltd
TWO:8927
|
$267.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hsin Tai Gas Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,707,618,000 to 2,723,845,000, a change of 16,227,000 (0.6%).
- Net income of 383,916,000 contributed positively to equity growth.
- Dividend payments of 357,835,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$383.92 Million | +14.09% |
| Dividends Paid | NT$357.83 Million | -13.14% |
| Other Changes | NT$-9.85 Million | -0.36% |
| Total Change | NT$- | 0.60% |
Book Value vs Market Value Analysis
This analysis compares Hsin Tai Gas 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: 3.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.07x to 3.12x 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$12.84 | NT$52.30 | x |
| 2018-12-31 | NT$13.26 | NT$52.30 | x |
| 2019-12-31 | NT$13.99 | NT$52.30 | x |
| 2020-12-31 | NT$14.02 | NT$52.30 | x |
| 2021-12-31 | NT$14.83 | NT$52.30 | x |
| 2022-12-31 | NT$16.24 | NT$52.30 | x |
| 2023-12-31 | NT$16.63 | NT$52.30 | x |
| 2024-12-31 | NT$16.75 | NT$52.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hsin Tai Gas 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): 14.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.85%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.16x
- Recent ROE (14.09%) is above the historical average (13.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 11.15% | 12.78% | 0.40x | 2.17x | NT$21.86 Million |
| 2018 | 12.39% | 12.69% | 0.43x | 2.25x | NT$46.91 Million |
| 2019 | 17.68% | 14.90% | 0.53x | 2.25x | NT$158.85 Million |
| 2020 | 14.19% | 14.01% | 0.48x | 2.13x | NT$95.75 Million |
| 2021 | 13.52% | 14.20% | 0.44x | 2.14x | NT$84.95 Million |
| 2022 | 13.92% | 14.51% | 0.46x | 2.06x | NT$103.57 Million |
| 2023 | 14.31% | 15.00% | 0.45x | 2.10x | NT$116.61 Million |
| 2024 | 14.09% | 13.85% | 0.47x | 2.16x | NT$111.53 Million |
Industry Comparison
This section compares Hsin Tai Gas Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $4,532,280,400
- Average return on equity (ROE) among peers: 10.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hsin Tai Gas Co Ltd (8917) | NT$2.64 Billion | 11.15% | 1.20x | $268.01 Million |
| Shinhsiung Natural Gas (8908) | $3.13 Billion | 15.44% | 1.26x | $390.76 Million |
| Great Taipei Gas Corp (9908) | $13.57 Billion | 5.71% | 0.39x | $467.09 Million |
| Shin Shin Natural Gas Co Ltd (9918) | $2.15 Billion | 9.51% | 0.48x | $242.56 Million |
| Shin Hai Gas Corp (9926) | $1.74 Billion | 11.70% | 0.58x | $279.37 Million |
| Hsin Kao Gas Co Ltd (9931) | $2.07 Billion | 9.33% | 1.15x | $132.16 Million |
About Hsin Tai Gas Co Ltd
Hsin Tai Gas Co., Ltd. engages in the supply of natural gas in Taiwan. The company designs and constructs gas pipeline and gas safety equipment. It also engages in gas transmission system construction activities. In addition, the company sells and installs gas meters, as well as involved in office building leasing business. The company was founded in 1975 and is based in New Taipei City, Taiwan.