Macauto Industrial Co Ltd (9951) - Net Assets
Based on the latest financial reports, Macauto Industrial Co Ltd (9951) has net assets worth NT$3.82 Billion TWD (≈ $120.37 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$6.31 Billion ≈ $198.79 Million USD) and total liabilities (NT$2.49 Billion ≈ $78.42 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 asset resilience ratio of Macauto Industrial Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.82 Billion |
| % of Total Assets | 60.55% |
| Annual Growth Rate | 9.3% |
| 5-Year Change | 22.9% |
| 10-Year Change | 65.42% |
| Growth Volatility | 20.76 |
Macauto Industrial Co Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Macauto Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 9951 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Macauto Industrial Co Ltd (2005–2025)
The table below shows the annual net assets of Macauto Industrial Co Ltd from 2005 to 2025. For live valuation and market cap data, see Macauto Industrial Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.82 Billion ≈ $120.37 Million |
+3.93% |
| 2024-12-31 | NT$3.68 Billion ≈ $115.82 Million |
+1.95% |
| 2023-12-31 | NT$3.61 Billion ≈ $113.60 Million |
+6.86% |
| 2022-12-31 | NT$3.37 Billion ≈ $106.31 Million |
+8.54% |
| 2021-12-31 | NT$3.11 Billion ≈ $97.94 Million |
+0.27% |
| 2020-12-31 | NT$3.10 Billion ≈ $97.68 Million |
+7.95% |
| 2019-12-31 | NT$2.87 Billion ≈ $90.48 Million |
+7.93% |
| 2018-12-31 | NT$2.66 Billion ≈ $83.83 Million |
+6.08% |
| 2017-12-31 | NT$2.51 Billion ≈ $79.03 Million |
+8.60% |
| 2016-12-31 | NT$2.31 Billion ≈ $72.77 Million |
+12.32% |
| 2015-12-31 | NT$2.06 Billion ≈ $64.78 Million |
+12.99% |
| 2014-12-31 | NT$1.82 Billion ≈ $57.33 Million |
+14.81% |
| 2013-12-31 | NT$1.59 Billion ≈ $49.94 Million |
+30.54% |
| 2012-12-31 | NT$1.21 Billion ≈ $38.26 Million |
+13.28% |
| 2011-12-31 | NT$1.07 Billion ≈ $33.77 Million |
+15.50% |
| 2010-12-31 | NT$928.15 Million ≈ $29.24 Million |
+16.17% |
| 2009-12-31 | NT$798.94 Million ≈ $25.17 Million |
+77.47% |
| 2008-12-31 | NT$450.18 Million ≈ $14.18 Million |
-47.07% |
| 2007-12-31 | NT$850.54 Million ≈ $26.80 Million |
+11.41% |
| 2006-12-31 | NT$763.41 Million ≈ $24.05 Million |
+18.41% |
| 2005-12-31 | NT$644.73 Million ≈ $20.31 Million |
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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 958.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.34 Billion | 61.36% |
| Other Components | NT$1.48 Billion | 38.64% |
| Total Equity | NT$3.82 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 |
|---|---|
|
FACT II Acquisition Corp. Class A Ordinary Shares
NASDAQ:FACT
|
$125.70 Million |
|
Ba Ria Vung Tau House Development JSC
VN:HDC
|
$125.70 Million |
|
Global Green Chemicals Public Company Limited
BK:GGC
|
$125.71 Million |
|
Quick Heal Technologies Limited
NSE:QUICKHEAL
|
$125.71 Million |
|
Keyrus SA
PA:ALKEY
|
$125.61 Million |
|
Lhyfe SA
PA:LHYFE
|
$125.59 Million |
|
Synalloy Corporation
NASDAQ:ACNT
|
$125.57 Million |
|
FormPipe Software AB
ST:FPIP
|
$125.54 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 2024 to 2025, total equity changed from 3,676,125,000 to 3,820,731,000, a change of 144,606,000 (3.9%).
- Net income of 389,889,000 contributed positively to equity growth.
- Dividend payments of 172,270,000 reduced retained earnings.
- Share repurchases of 126,086,000 reduced equity.
- Other factors increased equity by 53,073,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$389.89 Million | +10.2% |
| Dividends Paid | NT$172.27 Million | -4.51% |
| Share Repurchases | NT$126.09 Million | -3.3% |
| Other Changes | NT$53.07 Million | +1.39% |
| Total Change | NT$- | 3.93% |
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: 1.02x
- 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 4.57x to 1.02x 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$54.80 | x |
| 2006-12-31 | NT$14.18 | NT$54.80 | x |
| 2007-12-31 | NT$15.48 | NT$54.80 | x |
| 2008-12-31 | NT$8.20 | NT$54.80 | x |
| 2009-12-31 | NT$11.71 | NT$54.80 | x |
| 2010-12-31 | NT$12.33 | NT$54.80 | x |
| 2011-12-31 | NT$14.22 | NT$54.80 | x |
| 2012-12-31 | NT$16.16 | NT$54.80 | x |
| 2013-12-31 | NT$21.10 | NT$54.80 | x |
| 2014-12-31 | NT$24.20 | NT$54.80 | x |
| 2015-12-31 | NT$27.34 | NT$54.80 | x |
| 2016-12-31 | NT$30.73 | NT$54.80 | x |
| 2017-12-31 | NT$33.38 | NT$54.80 | x |
| 2018-12-31 | NT$35.32 | NT$54.80 | x |
| 2019-12-31 | NT$38.15 | NT$54.80 | x |
| 2020-12-31 | NT$41.16 | NT$54.80 | x |
| 2021-12-31 | NT$41.31 | NT$54.80 | x |
| 2022-12-31 | NT$44.81 | NT$54.80 | x |
| 2023-12-31 | NT$47.89 | NT$54.80 | x |
| 2024-12-31 | NT$49.08 | NT$54.80 | x |
| 2025-12-31 | NT$53.69 | NT$54.80 | 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): 10.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.17%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 1.65x
- Recent ROE (10.20%) is below the historical average (16.95%), 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 |
| 2025 | 10.20% | 6.17% | 1.00x | 1.65x | NT$7.82 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: $5,298,259,800
- Average return on equity (ROE) among peers: 5.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Macauto Industrial Co Ltd (9951) | NT$3.82 Billion | 17.14% | 0.65x | $125.62 Million |
| Tong Yang Industry Co Ltd (1319) | $22.36 Billion | 3.67% | 0.59x | $1.49 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.72 Billion | 9.16% | 0.63x | $33.87 Million |
| Hiroca Holdings Ltd (1338) | $6.49 Billion | 10.56% | 0.44x | $39.95 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.82 Billion | 10.71% | 0.45x | $97.15 Million |
| Right Way Industrial Co Ltd (1506) | $2.40 Billion | 3.97% | 0.18x | $99.37 Million |
| Jui Li Enterprise Co Ltd (1512) | $2.29 Billion | 5.43% | 1.47x | $22.74 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.34 Billion | 0.00% | 1.03x | $59.80 Million |
| TYC Brother Industrial Co Ltd (1522) | $5.81 Billion | 1.09% | 2.29x | $315.49 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.13 Billion | 2.90% | 1.56x | $151.56 Million |
| Kian Shen Corp (1525) | $4.62 Billion | 5.84% | 0.21x | $142.68 Million |
About 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