Her Chee Industrial Co Ltd
Her Chee Industrial Co., Ltd. manufactures and sells professional vehicles under the ADLY moto brand name in Taiwan. The company offers ATV utility and sports vehicles, and agro-delivery ATVs, scooters, as well as electric vehicles. It also provides locomotives, locomotive leads, electric locomotives, and other means of transportation. The company is involved in land development, energy storage s… Read more
Her Chee Industrial Co Ltd (8937) - Net Assets
Latest net assets as of September 2025: NT$2.67 Billion TWD
Based on the latest financial reports, Her Chee Industrial Co Ltd (8937) has net assets worth NT$2.67 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$4.60 Billion) and total liabilities (NT$1.93 Billion). 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$2.67 Billion |
| % of Total Assets | 58.04% |
| Annual Growth Rate | 4.79% |
| 5-Year Change | 33.07% |
| 10-Year Change | N/A |
| Growth Volatility | 11.1 |
Her Chee Industrial Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Her Chee Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Her Chee Industrial Co Ltd (2017–2024)
The table below shows the annual net assets of Her Chee Industrial Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$998.73 Million | +30.14% |
| 2023-12-31 | NT$767.41 Million | +5.70% |
| 2022-12-31 | NT$726.04 Million | +5.20% |
| 2021-12-31 | NT$690.17 Million | -8.05% |
| 2020-12-31 | NT$750.55 Million | -1.97% |
| 2019-12-31 | NT$765.67 Million | +4.65% |
| 2018-12-31 | NT$731.64 Million | +1.68% |
| 2017-12-31 | NT$719.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Her Chee Industrial 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 11.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$34.63 Million | 3.57% |
| Other Components | NT$934.54 Million | 96.43% |
| Total Equity | NT$969.17 Million | 100.00% |
Her Chee Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Her Chee Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Websol Energy System Limited
NSE:WEBELSOLAR
|
$201.59 Million |
|
Premier Energy
RO:PE
|
$201.62 Million |
|
Aurotek Corp
TW:6215
|
$201.63 Million |
|
Live Oak Acquisition Corp. V Class A Ordinary Shares
NASDAQ:LOKV
|
$201.63 Million |
|
Summarecon Agung Tbk
JK:SMRA
|
$201.58 Million |
|
CITY OFFICE REIT DL -01
F:5QV
|
$201.58 Million |
|
Cubic Sensor and Instrument Co Ltd
SHG:688665
|
$201.40 Million |
|
Franklin Financial Services Corp
NASDAQ:FRAF
|
$201.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Her Chee Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 732,858,000 to 969,167,000, a change of 236,309,000 (32.2%).
- Net income of 32,803,000 contributed positively to equity growth.
- Other factors increased equity by 203,506,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$32.80 Million | +3.38% |
| Other Changes | NT$203.51 Million | +21.0% |
| Total Change | NT$- | 32.24% |
Book Value vs Market Value Analysis
This analysis compares Her Chee Industrial 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: 11.67x
- 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 14.90x to 11.67x 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$10.47 | NT$156.00 | x |
| 2018-12-31 | NT$10.53 | NT$156.00 | x |
| 2019-12-31 | NT$10.56 | NT$156.00 | x |
| 2020-12-31 | NT$10.36 | NT$156.00 | x |
| 2021-12-31 | NT$9.51 | NT$156.00 | x |
| 2022-12-31 | NT$9.59 | NT$156.00 | x |
| 2023-12-31 | NT$10.11 | NT$156.00 | x |
| 2024-12-31 | NT$13.37 | NT$156.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Her Chee Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.87%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.61x
- Recent ROE (3.38%) is above the historical average (-0.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -2.32% | -5.47% | 0.38x | 1.10x | NT$-88.61 Million |
| 2018 | 1.05% | 2.60% | 0.37x | 1.10x | NT$-65.46 Million |
| 2019 | -1.83% | -4.46% | 0.36x | 1.13x | NT$-90.55 Million |
| 2020 | -0.46% | -1.23% | 0.28x | 1.33x | NT$-78.55 Million |
| 2021 | -8.31% | -45.39% | 0.13x | 1.43x | NT$-126.20 Million |
| 2022 | 0.68% | 2.22% | 0.15x | 1.99x | NT$-64.78 Million |
| 2023 | 7.07% | 32.38% | 0.11x | 1.93x | NT$-21.50 Million |
| 2024 | 3.38% | 24.87% | 0.08x | 1.61x | NT$-64.11 Million |
Industry Comparison
This section compares Her Chee Industrial Co Ltd's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $2,369,702,764
- Average return on equity (ROE) among peers: 38.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Her Chee Industrial Co Ltd (8937) | NT$2.67 Billion | -2.32% | 0.72x | $201.59 Million |
| Alexander Marine Co Ltd (8478) | $4.68 Billion | 37.46% | 0.93x | $109.56 Million |
| Vietnam Manufacturing and Export Processing (Holdings) Limited (9110) | $58.54 Million | 39.83% | 0.03x | $25.94 Million |