Macauto Industrial Co Ltd
Macauto Industrial Co., Ltd. manufactures and sells automotive curtains, auto parts, lawn mowers in Taiwan. The company provides automotive interiors, such as engineered fabrics and mesh; door trims, sun visor rollo, IP components, center console, trim seat back assembly, and kinematics; sunshades for roof systems; luggage cover systems; side and rear window sunshades; cargo nets, front trunk net… Read more
Macauto Industrial Co Ltd (9951) - Net Assets
Latest net assets as of September 2025: NT$3.58 Billion TWD
Based on the latest financial reports, Macauto Industrial Co Ltd (9951) has net assets worth NT$3.58 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$6.01 Billion) and total liabilities (NT$2.42 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$3.58 Billion |
| % of Total Assets | 59.64% |
| Annual Growth Rate | 9.59% |
| 5-Year Change | 18.57% |
| 10-Year Change | 78.78% |
| Growth Volatility | 21.22 |
Macauto Industrial Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Macauto 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 Macauto Industrial Co Ltd (2005–2024)
The table below shows the annual net assets of Macauto Industrial Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.68 Billion | +1.95% |
| 2023-12-31 | NT$3.61 Billion | +6.86% |
| 2022-12-31 | NT$3.37 Billion | +8.54% |
| 2021-12-31 | NT$3.11 Billion | +0.27% |
| 2020-12-31 | NT$3.10 Billion | +7.95% |
| 2019-12-31 | NT$2.87 Billion | +7.93% |
| 2018-12-31 | NT$2.66 Billion | +6.08% |
| 2017-12-31 | NT$2.51 Billion | +8.60% |
| 2016-12-31 | NT$2.31 Billion | +12.32% |
| 2015-12-31 | NT$2.06 Billion | +12.99% |
| 2014-12-31 | NT$1.82 Billion | +14.81% |
| 2013-12-31 | NT$1.59 Billion | +30.54% |
| 2012-12-31 | NT$1.21 Billion | +13.28% |
| 2011-12-31 | NT$1.07 Billion | +15.50% |
| 2010-12-31 | NT$928.15 Million | +16.17% |
| 2009-12-31 | NT$798.94 Million | +77.47% |
| 2008-12-31 | NT$450.18 Million | -47.07% |
| 2007-12-31 | NT$850.54 Million | +11.41% |
| 2006-12-31 | NT$763.41 Million | +18.41% |
| 2005-12-31 | NT$644.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Macauto 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 grown by 907.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.23 Billion | 60.67% |
| Other Components | NT$1.45 Billion | 39.33% |
| Total Equity | NT$3.68 Billion | 100.00% |
Macauto Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Macauto Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jih Lin Technology Co Ltd
TW:5285
|
$83.12 Million |
|
Prima Andalan Mandiri Tbk PT
JK:MCOL
|
$83.14 Million |
|
YUEXIU SERVICES GROUP LTD
F:5R9
|
$83.15 Million |
|
Finance of America Companies Inc
NYSE:FOA
|
$83.16 Million |
|
Charlton Aria Acquisition Corporation Class A Ordinary Shares
NASDAQ:CHAR
|
$83.10 Million |
|
Leifheit Aktiengesellschaft
F:LEI
|
$83.09 Million |
|
Fairwood Holdings Limited
PINK:FRWDF
|
$83.07 Million |
|
Hillevax Inc
NASDAQ:HLVX
|
$83.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Macauto Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,605,795,000 to 3,676,125,000, a change of 70,330,000 (2.0%).
- Net income of 314,431,000 contributed positively to equity growth.
- Dividend payments of 254,660,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$314.43 Million | +8.55% |
| Dividends Paid | NT$254.66 Million | -6.93% |
| Other Changes | NT$10.56 Million | +0.29% |
| Total Change | NT$- | 1.95% |
Book Value vs Market Value Analysis
This analysis compares Macauto 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: 1.11x
- 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 4.54x to 1.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | NT$11.99 | NT$54.40 | x |
| 2006-12-31 | NT$14.18 | NT$54.40 | x |
| 2007-12-31 | NT$15.48 | NT$54.40 | x |
| 2008-12-31 | NT$8.20 | NT$54.40 | x |
| 2009-12-31 | NT$11.71 | NT$54.40 | x |
| 2010-12-31 | NT$12.33 | NT$54.40 | x |
| 2011-12-31 | NT$14.22 | NT$54.40 | x |
| 2012-12-31 | NT$16.16 | NT$54.40 | x |
| 2013-12-31 | NT$21.10 | NT$54.40 | x |
| 2014-12-31 | NT$24.20 | NT$54.40 | x |
| 2015-12-31 | NT$27.34 | NT$54.40 | x |
| 2016-12-31 | NT$30.73 | NT$54.40 | x |
| 2017-12-31 | NT$33.38 | NT$54.40 | x |
| 2018-12-31 | NT$35.32 | NT$54.40 | x |
| 2019-12-31 | NT$38.15 | NT$54.40 | x |
| 2020-12-31 | NT$41.16 | NT$54.40 | x |
| 2021-12-31 | NT$41.31 | NT$54.40 | x |
| 2022-12-31 | NT$44.81 | NT$54.40 | x |
| 2023-12-31 | NT$47.89 | NT$54.40 | x |
| 2024-12-31 | NT$49.08 | NT$54.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Macauto 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): 8.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.70%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 1.60x
- Recent ROE (8.55%) is below the historical average (17.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 17.14% | 8.65% | 1.26x | 1.57x | NT$46.06 Million |
| 2006 | 21.66% | 11.83% | 1.10x | 1.66x | NT$89.00 Million |
| 2007 | 23.47% | 12.45% | 1.07x | 1.77x | NT$114.54 Million |
| 2008 | -70.84% | -19.99% | 1.03x | 3.43x | NT$-363.91 Million |
| 2009 | 20.13% | 10.31% | 0.89x | 2.19x | NT$80.94 Million |
| 2010 | 21.41% | 9.51% | 1.30x | 1.73x | NT$105.93 Million |
| 2011 | 27.22% | 14.84% | 0.98x | 1.87x | NT$184.55 Million |
| 2012 | 26.55% | 15.17% | 1.03x | 1.69x | NT$200.95 Million |
| 2013 | 33.25% | 19.59% | 0.86x | 1.96x | NT$368.52 Million |
| 2014 | 32.13% | 18.80% | 0.87x | 1.97x | NT$402.79 Million |
| 2015 | 31.96% | 17.64% | 0.94x | 1.94x | NT$451.62 Million |
| 2016 | 32.15% | 16.36% | 0.95x | 2.06x | NT$511.61 Million |
| 2017 | 26.39% | 12.11% | 0.99x | 2.21x | NT$411.03 Million |
| 2018 | 21.67% | 9.42% | 1.06x | 2.17x | NT$310.54 Million |
| 2019 | 19.63% | 9.68% | 1.07x | 1.89x | NT$276.65 Million |
| 2020 | 16.16% | 10.81% | 0.87x | 1.72x | NT$191.07 Million |
| 2021 | 12.85% | 8.37% | 0.89x | 1.72x | NT$88.56 Million |
| 2022 | 12.21% | 8.49% | 0.86x | 1.68x | NT$74.54 Million |
| 2023 | 11.99% | 8.30% | 0.89x | 1.62x | NT$71.67 Million |
| 2024 | 8.55% | 5.70% | 0.94x | 1.60x | NT$-53.18 Million |
Industry Comparison
This section compares Macauto Industrial Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,045,310,500
- Average return on equity (ROE) among peers: -15.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Macauto Industrial Co Ltd (9951) | NT$3.58 Billion | 17.14% | 0.68x | $83.11 Million |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | 0.00% | 1.41x | $45.05 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |