North-Star International Co Ltd (8927) - Net Assets
Based on the latest financial reports, North-Star International Co Ltd (8927) has net assets worth NT$8.78 Billion TWD (≈ $276.72 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$34.90 Billion ≈ $1.10 Billion USD) and total liabilities (NT$26.12 Billion ≈ $822.86 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 8927 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$8.78 Billion |
| % of Total Assets | 25.17% |
| Annual Growth Rate | 22.21% |
| 5-Year Change | 262.02% |
| 10-Year Change | N/A |
| Growth Volatility | 28.09 |
North-Star International Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how North-Star International Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of North-Star International Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for North-Star International Co Ltd (2017–2024)
The table below shows the annual net assets of North-Star International Co Ltd from 2017 to 2024. For live valuation and market cap data, see 8927 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.60 Billion ≈ $271.10 Million |
+6.20% |
| 2023-12-31 | NT$8.10 Billion ≈ $255.27 Million |
+76.09% |
| 2022-12-31 | NT$4.60 Billion ≈ $144.96 Million |
+21.27% |
| 2021-12-31 | NT$3.79 Billion ≈ $119.54 Million |
+59.63% |
| 2020-12-31 | NT$2.38 Billion ≈ $74.88 Million |
+8.21% |
| 2019-12-31 | NT$2.20 Billion ≈ $69.20 Million |
+1.35% |
| 2018-12-31 | NT$2.17 Billion ≈ $68.28 Million |
+2.55% |
| 2017-12-31 | NT$2.11 Billion ≈ $66.58 Million |
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Equity Component Analysis
This analysis shows how different components contribute to North-Star International 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 474.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$647.33 Million | 11.34% |
| Other Components | NT$5.06 Billion | 88.66% |
| Total Equity | NT$5.71 Billion | 100.00% |
North-Star International Co Ltd Competitors by Market Cap
The table below lists competitors of North-Star International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beetaloo Energy Australia Limited
AU:BTL
|
$273.61 Million |
|
Repco Home Finance Limited
NSE:REPCOHOME
|
$273.61 Million |
|
Aurion Resources Ltd
V:AU
|
$273.63 Million |
|
KS Terminals Inc
TW:3003
|
$273.64 Million |
|
DeFi Technologies Inc.
NEO:DEFI
|
$273.56 Million |
|
Anavex Life Sciences Corp
NASDAQ:AVXL
|
$273.38 Million |
|
Suzhou Harmontronics Auto Tech Co Ltd
SHG:688022
|
$273.32 Million |
|
BenQ Materials Corp
TW:8215
|
$273.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in North-Star International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,349,245,000 to 5,710,768,000, a change of 361,523,000 (6.8%).
- Net income of 475,254,000 contributed positively to equity growth.
- Dividend payments of 228,509,000 reduced retained earnings.
- Other factors increased equity by 114,778,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$475.25 Million | +8.32% |
| Dividends Paid | NT$228.51 Million | -4.0% |
| Other Changes | NT$114.78 Million | +2.01% |
| Total Change | NT$- | 6.76% |
Book Value vs Market Value Analysis
This analysis compares North-Star International 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: 1.54x
- 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 1.85x to 1.54x 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$10.98 | NT$20.30 | x |
| 2018-12-31 | NT$11.26 | NT$20.30 | x |
| 2019-12-31 | NT$11.35 | NT$20.30 | x |
| 2020-12-31 | NT$8.18 | NT$20.30 | x |
| 2021-12-31 | NT$14.52 | NT$20.30 | x |
| 2022-12-31 | NT$12.65 | NT$20.30 | x |
| 2023-12-31 | NT$16.37 | NT$20.30 | x |
| 2024-12-31 | NT$13.22 | NT$20.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently North-Star International Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.79%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 5.79x
- Recent ROE (8.32%) is above the historical average (4.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.85% | 1.90% | 1.15x | 1.76x | NT$-129.53 Million |
| 2018 | 3.54% | 1.46% | 1.28x | 1.90x | NT$-139.49 Million |
| 2019 | 2.43% | 1.03% | 1.01x | 2.34x | NT$-164.85 Million |
| 2020 | 5.28% | 2.73% | 0.66x | 2.93x | NT$-107.82 Million |
| 2021 | 4.28% | 2.80% | 0.60x | 2.56x | NT$-206.97 Million |
| 2022 | 3.18% | 1.95% | 0.40x | 4.05x | NT$-281.70 Million |
| 2023 | 2.11% | 1.46% | 0.26x | 5.44x | NT$-422.26 Million |
| 2024 | 8.32% | 3.79% | 0.38x | 5.79x | NT$-95.82 Million |
Industry Comparison
This section compares North-Star International Co Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $12,969,093,667
- Average return on equity (ROE) among peers: 14.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| North-Star International Co Ltd (8927) | NT$8.78 Billion | 3.85% | 2.97x | $273.60 Million |
| Tsann Kuen Enterprise Co Ltd (2430) | $5.18 Billion | 12.61% | 2.06x | $73.23 Million |
| Shan-Loong Transportation Co Ltd (2616) | $1.66 Billion | 8.88% | 0.93x | $59.96 Million |
| Collins Co Ltd (2906) | $4.46 Billion | 7.25% | 0.74x | $81.70 Million |
| Gseven Co Ltd (2937) | $645.58 Million | 16.03% | 1.94x | $59.67 Million |
| Taiwan Mobile Co Ltd (3045) | $94.55 Billion | 15.27% | 1.48x | $10.48 Billion |
| Scan-D (6195) | $798.53 Million | 23.90% | 0.94x | $37.56 Million |
| E-Life Mall Corp (6281) | $2.21 Billion | 20.73% | 1.08x | $159.35 Million |
| Bon Fame Co Ltd (8433) | $1.51 Billion | 13.78% | 1.18x | $92.57 Million |
| National Petroleum Co Ltd (9937) | $5.70 Billion | 12.95% | 1.19x | $555.96 Million |
About North-Star International Co Ltd
North-Star International Co., LTD. operates gas stations in Taiwan. The company sells oil products; and offers vehicle cleaning, car washing, and waxing services. It operates hotels and restaurants; provides catering services; and develops and sells residential real estate, as well as engages in the renewable energy business, such as solar power generation, energy storage, and electricity sale. T… Read more