Max Zipper Co Ltd Net Assets
Max Zipper Co Ltd net assets. Based on the latest financial reports, Max Zipper Co Ltd (8932) has net assets worth NT$2.56 Billion TWD (≈ $80.72 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.73 Billion ≈ $117.37 Million USD) and total liabilities (NT$1.16 Billion ≈ $36.65 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 how fast is Max Zipper Co Ltd growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.56 Billion |
| % of Total Assets | 68.77% |
| Annual Growth Rate | 24.83% |
| 5-Year Change | 245.97% |
| 10-Year Change | N/A |
| Growth Volatility | 28.48 |
Net Assets of Max Zipper Co Ltd (2017–2025)
Net assets of Max Zipper Co Ltd from 2017 to 2025. This chart illustrates how Max Zipper Co Ltd's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Max Zipper Co Ltd to measure how much of total assets are equity-financed.
Annual Net Assets for Max Zipper Co Ltd (2017–2025)
The table below shows the annual net assets of Max Zipper Co Ltd from 2017 to 2025. For live market cap and overall valuation, see 8932 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.44 Billion ≈ $76.79 Million |
+58.09% |
| 2024-12-31 | NT$1.54 Billion ≈ $48.57 Million |
+54.03% |
| 2023-12-31 | NT$1.00 Billion ≈ $31.53 Million |
+35.55% |
| 2022-12-31 | NT$738.41 Million ≈ $23.26 Million |
+4.82% |
| 2021-12-31 | NT$704.48 Million ≈ $22.19 Million |
+23.77% |
| 2020-12-31 | NT$569.20 Million ≈ $17.93 Million |
-7.00% |
| 2019-12-31 | NT$612.07 Million ≈ $19.28 Million |
-11.33% |
| 2018-12-31 | NT$690.30 Million ≈ $21.75 Million |
+67.00% |
| 2017-12-31 | NT$413.35 Million ≈ $13.02 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Max Zipper 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 88478300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Max Zipper Co Ltd Net Assets Breakdown (December 2025)
Max Zipper Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$840.94 Million | 36.95% |
| Other Components | NT$1.43 Billion | 63.05% |
| Total Equity | NT$2.28 Billion | 100.00% |
Max Zipper Co Ltd Competitors by Market Cap
The table below lists competitors of Max Zipper Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Piraeus Port Authority S.A
AT:PPA
|
$945.00 Million |
|
Tanla Platforms Limited
NSE:TANLA
|
$945.08 Million |
|
Shenzhen AV-Display Co. Ltd.
SHE:300939
|
$945.59 Million |
|
Wuxi Chipown Micro-electronics Ltd
SHG:688508
|
$945.80 Million |
|
Dogan Sirketler Grubu Holding AS
IS:DOHOL
|
$943.84 Million |
|
Harbin Electric Coporation Jiamusi Electric Machine Co Ltd
SHE:000922
|
$943.76 Million |
|
Wereldhave NV
AS:WHA
|
$943.49 Million |
|
Jiangsu Zhengdan Chemical Industry Co Ltd
SHE:300641
|
$942.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Max Zipper Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,461,416,000 to 2,275,727,000, a change of 814,311,000 (55.7%).
- Net income of 657,592,000 contributed positively to equity growth.
- Dividend payments of 46,250,000 reduced retained earnings.
- Share repurchases of 208,002,000 reduced equity.
- New share issuances of 360,000,000 increased equity.
- Other factors increased equity by 50,971,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$657.59 Million | +28.9% |
| Dividends Paid | NT$46.25 Million | -2.03% |
| Share Repurchases | NT$208.00 Million | -9.14% |
| Share Issuances | NT$360.00 Million | +15.82% |
| Other Changes | NT$50.97 Million | +2.24% |
| Total Change | NT$- | 55.72% |
Book Value vs Market Value Analysis
This analysis compares Max Zipper 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: 13.18x
- 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 increased from 9.99x to 13.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$8.47 | NT$84.60 | x |
| 2018-12-31 | NT$14.15 | NT$84.60 | x |
| 2019-12-31 | NT$12.54 | NT$84.60 | x |
| 2020-12-31 | NT$11.66 | NT$84.60 | x |
| 2021-12-31 | NT$12.74 | NT$84.60 | x |
| 2022-12-31 | NT$12.13 | NT$84.60 | x |
| 2023-12-31 | NT$12.20 | NT$84.60 | x |
| 2024-12-31 | NT$4.17 | NT$84.60 | x |
| 2025-12-31 | NT$6.42 | NT$84.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Max Zipper Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 28.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.97%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.52x
- Recent ROE (28.90%) is above the historical average (6.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -10.85% | -4.47% | 0.62x | 3.93x | NT$-86.19 Million |
| 2018 | 41.17% | 30.22% | 0.74x | 1.83x | NT$215.19 Million |
| 2019 | -8.44% | -5.77% | 0.74x | 1.99x | NT$-112.88 Million |
| 2020 | -8.55% | -6.09% | 0.71x | 1.99x | NT$-105.62 Million |
| 2021 | -9.50% | -7.10% | 0.59x | 2.26x | NT$-137.34 Million |
| 2022 | -3.93% | -3.63% | 0.53x | 2.05x | NT$-102.87 Million |
| 2023 | 9.08% | 9.17% | 0.55x | 1.79x | NT$-8.93 Million |
| 2024 | 21.80% | 21.31% | 0.61x | 1.67x | NT$172.42 Million |
| 2025 | 28.90% | 28.97% | 0.66x | 1.52x | NT$430.02 Million |
Industry Comparison
This section compares Max Zipper Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $3,622,300,800
- Average return on equity (ROE) among peers: 0.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Max Zipper Co Ltd (8932) | NT$2.56 Billion | -10.85% | 0.45x | $943.89 Million |
| Tah Hsin Industrial Corp (1315) | $8.39 Billion | 8.30% | 0.18x | $213.68 Million |
| Tex-Ray Industrial Co Ltd (1467) | $3.22 Billion | -1.19% | 1.69x | $55.81 Million |
| Tainan Enterprises Co Ltd (1473) | $2.96 Billion | 17.41% | 0.58x | $82.88 Million |
| Eclat Textile Co Ltd (1476) | $11.77 Billion | 35.45% | 0.50x | $2.71 Billion |
| Makalot Industrial Co Ltd (1477) | $2.82 Billion | 29.09% | 0.81x | $1.59 Billion |
| Munsin Garment (2916) | $1.63 Billion | 15.68% | 0.31x | $80.73 Million |
| Cayman Tung Ling Co Ltd (2924) | $179.22 Million | -31.46% | 0.57x | $30.33 Million |
| TOPBI International Holdings Ltd (2929) | $3.49 Billion | -64.04% | 0.66x | $19.15 Million |
| Roo Hsing Co Ltd (4414) | $677.43 Million | 7.75% | 2.96x | $65.66 Million |
| Hakers Enterprise Co Ltd (4432) | $1.08 Billion | -9.57% | 0.27x | $24.31 Million |
About Max Zipper Co Ltd
Wiselink Co., Ltd. manufactures and sells zippers under the MAX Zipper brand name worldwide. It offers invisible, coil, Delrin, and metal zippers and sliders; tape attachable and attach links, spring-lock, and plastic slider; and metal, plastic, cord, diamante, leather, and woven puller. The company's products are used in garment, sporting goods, leather bags, luggage, automobile seats cover, and… Read more