North-Star International Co Ltd Net Assets
North-Star International Co Ltd net assets. Based on the latest financial reports, North-Star International Co Ltd (8927) has net assets worth NT$8.69 Billion TWD (≈ $273.91 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$33.16 Billion ≈ $1.04 Billion USD) and total liabilities (NT$24.47 Billion ≈ $770.83 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 8927 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$8.69 Billion |
| % of Total Assets | 26.22% |
| Annual Growth Rate | 19.28% |
| 5-Year Change | 128.24% |
| 10-Year Change | N/A |
| Growth Volatility | 27.48 |
Net Assets of North-Star International Co Ltd (2017–2025)
Net assets of North-Star International Co Ltd from 2017 to 2025. This chart illustrates how North-Star International Co Ltd's net assets have evolved over time, based on quarterly financial data. See North-Star International Co Ltd (8927) net asset quality to measure how much of total assets are equity-financed.
Annual Net Assets for North-Star International Co Ltd (2017–2025)
The table below shows the annual net assets of North-Star International Co Ltd from 2017 to 2025. For live market cap and overall valuation, see North-Star International Co Ltd (8927) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$8.66 Billion ≈ $272.85 Million |
+0.64% |
| 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 173.6% over the analyzed period, indicating profitable operations and earnings retention.
North-Star International Co Ltd Net Assets Breakdown (December 2025)
North-Star International Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$308.34 Million | 5.43% |
| Other Components | NT$5.37 Billion | 94.57% |
| Total Equity | NT$5.68 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 |
|---|---|
|
ESSA Bancorp Inc
NASDAQ:ESSA
|
$209.29 Million |
|
Automatic Bank Services Ltd
TA:SHVA
|
$209.33 Million |
|
Shanghai Mechanical & Electrical Industry Co Ltd B
SHG:900925
|
$209.42 Million |
|
Imexpharm Corp
VN:IMP
|
$209.48 Million |
|
Audix Corp
TW:2459
|
$209.26 Million |
|
OP Bancorp
NASDAQ:OPBK
|
$209.20 Million |
|
GemVax&KAEL Co.Ltd
KQ:082270
|
$209.11 Million |
|
Jiangxi Changyun Co Ltd
SHG:600561
|
$208.97 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 2024 to 2025, total equity changed from 5,710,768,000 to 5,679,080,000, a change of -31,688,000 (-0.6%).
- Net income of 152,471,000 contributed positively to equity growth.
- Dividend payments of 110,794,000 reduced retained earnings.
- Share repurchases of 110,303,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$152.47 Million | +2.68% |
| Dividends Paid | NT$110.79 Million | -1.95% |
| Share Repurchases | NT$110.30 Million | -1.94% |
| Other Changes | NT$36.94 Million | +0.65% |
| Total Change | NT$- | -0.55% |
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: 1.19x
- 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 1.44x to 1.19x 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$15.85 | x |
| 2018-12-31 | NT$11.26 | NT$15.85 | x |
| 2019-12-31 | NT$11.35 | NT$15.85 | x |
| 2020-12-31 | NT$8.18 | NT$15.85 | x |
| 2021-12-31 | NT$14.52 | NT$15.85 | x |
| 2022-12-31 | NT$12.65 | NT$15.85 | x |
| 2023-12-31 | NT$16.37 | NT$15.85 | x |
| 2024-12-31 | NT$13.22 | NT$15.85 | x |
| 2025-12-31 | NT$13.28 | NT$15.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently North-Star International Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.42%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 6.09x
- Recent ROE (2.68%) is below the historical average (3.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.85% | 1.90% | 1.15x | 1.76x | NT$-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$-95.82 Million |
| 2025 | 2.68% | 1.42% | 0.31x | 6.09x | NT$-415.44 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: $9,045,825,444
- Average return on equity (ROE) among peers: 15.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| North-Star International Co Ltd (8927) | NT$8.69 Billion | 3.85% | 2.81x | $209.27 Million |
| Tsann Kuen Enterprise Co Ltd (2430) | $4.55 Billion | 6.12% | 2.11x | $62.37 Million |
| Shan-Loong Transportation Co Ltd (2616) | $3.38 Billion | 10.50% | 0.93x | $55.67 Million |
| Collins Co Ltd (2906) | $5.72 Billion | 5.29% | 0.80x | $88.61 Million |
| Gseven Co Ltd (2937) | $740.33 Million | 15.83% | 2.42x | $61.11 Million |
| Taiwan Mobile Co Ltd (3045) | $58.52 Billion | 26.63% | 1.36x | $12.75 Billion |
| Scan-D (6195) | $826.86 Million | 19.84% | 1.01x | $43.96 Million |
| E-Life Mall Corp (6281) | $1.39 Billion | 22.75% | 1.28x | $157.16 Million |
| Bon Fame Co Ltd (8433) | $1.92 Billion | 26.24% | 1.04x | $86.38 Million |
| National Petroleum Co Ltd (9937) | $4.36 Billion | 8.59% | 0.98x | $533.56 Million |
About North-Star International Co Ltd
North-Star International Co., LTD., together with its subsidiaries, engages in the retailing of petrol filling stations and gasoline products in Taiwan. The company operates through Gasoline Sales, Restaurant and Travel Service, Optoelectronics Business, and Other segments. It is also involved in the hotel and restaurant operations; real estate development and sales; renewable energy development … Read more