Yieh United Steel Net Assets
Yieh United Steel net assets. Based on the latest financial reports, Yieh United Steel (9957) has net assets worth NT$14.96 Billion TWD (≈ $471.22 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$58.15 Billion ≈ $1.83 Billion USD) and total liabilities (NT$43.19 Billion ≈ $1.36 Billion 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 9957 net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$14.96 Billion |
| % of Total Assets | 25.72% |
| Annual Growth Rate | 0.26% |
| 5-Year Change | 30.56% |
| 10-Year Change | 2.44% |
| Growth Volatility | 41.54 |
Net Assets of Yieh United Steel (2003–2024)
Net assets of Yieh United Steel from 2003 to 2024. This chart illustrates how Yieh United Steel's net assets have evolved over time, based on quarterly financial data. See 9957 net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Yieh United Steel (2003–2024)
The table below shows the annual net assets of Yieh United Steel from 2003 to 2024. For live market cap and overall valuation, see Yieh United Steel (9957) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$18.84 Billion ≈ $593.49 Million |
-11.12% |
| 2023-12-31 | NT$21.19 Billion ≈ $667.73 Million |
-13.44% |
| 2022-12-31 | NT$24.48 Billion ≈ $771.40 Million |
+3.57% |
| 2021-12-31 | NT$23.64 Billion ≈ $744.80 Million |
+63.85% |
| 2020-12-31 | NT$14.43 Billion ≈ $454.56 Million |
-70.90% |
| 2019-12-31 | NT$49.58 Billion ≈ $1.56 Billion |
+158.31% |
| 2018-12-31 | NT$19.19 Billion ≈ $604.72 Million |
-2.47% |
| 2017-12-31 | NT$19.68 Billion ≈ $620.03 Million |
+5.72% |
| 2016-12-31 | NT$18.62 Billion ≈ $586.49 Million |
+1.23% |
| 2015-12-31 | NT$18.39 Billion ≈ $579.35 Million |
-3.63% |
| 2014-12-31 | NT$19.08 Billion ≈ $601.15 Million |
-22.13% |
| 2013-12-31 | NT$24.50 Billion ≈ $772.03 Million |
+0.29% |
| 2012-12-31 | NT$24.43 Billion ≈ $769.81 Million |
-7.93% |
| 2011-12-31 | NT$26.54 Billion ≈ $836.14 Million |
-4.18% |
| 2010-12-31 | NT$27.70 Billion ≈ $872.64 Million |
-0.68% |
| 2009-12-31 | NT$27.89 Billion ≈ $878.63 Million |
+28.69% |
| 2008-12-31 | NT$21.67 Billion ≈ $682.77 Million |
-14.95% |
| 2007-12-31 | NT$25.48 Billion ≈ $802.82 Million |
-3.73% |
| 2006-12-31 | NT$26.47 Billion ≈ $833.89 Million |
+29.41% |
| 2005-12-31 | NT$20.45 Billion ≈ $644.40 Million |
-1.81% |
| 2004-12-31 | NT$20.83 Billion ≈ $656.29 Million |
+16.88% |
| 2003-12-31 | NT$17.82 Billion ≈ $561.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Yieh United Steel'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 319.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Yieh United Steel Net Assets Breakdown (December 2024)
Yieh United Steel net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$27.21 Billion | 153.78% |
| Total Equity | NT$17.70 Billion | 100.00% |
Yieh United Steel Competitors by Market Cap
The table below lists competitors of Yieh United Steel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangzhou Jet Bio-Filtration Co Ltd
SHG:688026
|
$466.46 Million |
|
Metrogas SA
BA:METR
|
$466.76 Million |
|
Central Garden & Pet Company
NASDAQ:CENT
|
$466.88 Million |
|
Jiangxi Yuean Advanced Materials Co Ltd
SHG:688786
|
$466.93 Million |
|
Calavo Growers Inc
NASDAQ:CVGW
|
$466.33 Million |
|
SandRidge Energy Inc
NYSE:SD
|
$466.28 Million |
|
Chun Yuan Steel Industry Co Ltd
TW:2010
|
$466.25 Million |
|
Ion Beam Applications SA
BR:IBAB
|
$466.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yieh United Steel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,071,002,000 to 17,695,946,000, a change of -2,375,056,000 (-11.8%).
- Net loss of 3,093,204,000 reduced equity.
- Other factors increased equity by 718,148,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-3.09 Billion | -17.48% |
| Other Changes | NT$718.15 Million | +4.06% |
| Total Change | NT$- | -11.83% |
Book Value vs Market Value Analysis
This analysis compares Yieh United Steel'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: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$7.22 | NT$5.65 | x |
| 2018-12-31 | NT$7.03 | NT$5.65 | x |
| 2019-12-31 | NT$5.64 | NT$5.65 | x |
| 2020-12-31 | NT$5.21 | NT$5.65 | x |
| 2021-12-31 | NT$8.69 | NT$5.65 | x |
| 2022-12-31 | NT$9.00 | NT$5.65 | x |
| 2023-12-31 | NT$7.64 | NT$5.65 | x |
| 2024-12-31 | NT$6.75 | NT$5.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yieh United Steel 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): -17.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.65%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 3.56x
- Recent ROE (-17.48%) is below the historical average (1.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 12.67% | 4.72% | 1.25x | 2.15x | NT$476.00 Million |
| 2004 | 21.46% | 7.01% | 1.33x | 2.31x | NT$2.39 Billion |
| 2005 | 3.15% | 1.11% | 0.99x | 2.85x | NT$-1.40 Billion |
| 2006 | 21.02% | 4.67% | 1.37x | 3.28x | NT$2.91 Billion |
| 2007 | 2.02% | 0.36% | 1.53x | 3.68x | NT$-2.03 Billion |
| 2009 | 17.66% | 4.49% | 1.05x | 3.76x | NT$2.12 Billion |
| 2010 | 9.11% | 1.69% | 1.33x | 4.05x | NT$-244.38 Million |
| 2014 | 0.18% | 0.06% | 1.00x | 3.00x | NT$-1.85 Billion |
| 2015 | -17.52% | -7.79% | 0.71x | 3.17x | NT$-4.86 Billion |
| 2016 | 3.94% | 1.59% | 0.78x | 3.17x | NT$-1.08 Billion |
| 2017 | 4.25% | 1.80% | 0.79x | 3.00x | NT$-1.09 Billion |
| 2018 | -1.39% | -0.51% | 0.86x | 3.15x | NT$-2.10 Billion |
| 2019 | -22.13% | -7.32% | 0.83x | 3.64x | NT$-4.75 Billion |
| 2020 | -12.88% | -4.64% | 0.71x | 3.91x | NT$-3.12 Billion |
| 2021 | 23.76% | 9.10% | 0.97x | 2.69x | NT$3.13 Billion |
| 2022 | -0.01% | 0.00% | 0.91x | 2.51x | NT$-2.36 Billion |
| 2023 | -16.89% | -7.81% | 0.72x | 3.00x | NT$-5.40 Billion |
| 2024 | -17.48% | -6.65% | 0.74x | 3.56x | NT$-4.86 Billion |
Industry Comparison
This section compares Yieh United Steel's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $74,829,957,000
- Average return on equity (ROE) among peers: 6.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yieh United Steel (9957) | NT$14.96 Billion | 12.67% | 2.89x | $466.45 Million |
| Walsin Lihwa Corp (1605) | $65.22 Billion | 13.03% | 0.59x | $4.81 Billion |
| China Steel Corp (2002) | $288.60 Billion | 13.02% | 0.88x | $9.20 Billion |
| China Steel Corp Pref (2002A) | $331.95 Billion | 5.09% | 1.01x | $45.03K |
| Tung Ho Steel Enterprise Corp (2006) | $23.12 Billion | 4.59% | 0.66x | $2.06 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $7.45 Billion | 0.18% | 0.76x | $113.69 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $3.67 Billion | -10.06% | 0.43x | $185.20 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $12.06 Billion | 7.26% | 0.68x | $466.25 Million |
| Chun Yu Works & Co Ltd (2012) | $3.70 Billion | 0.28% | 1.90x | $122.94 Million |
| China Steel Structure Co Ltd (2013) | $3.11 Billion | 8.41% | 2.52x | $259.29 Million |
| Chung Hung Steel Corp (2014) | $9.41 Billion | 20.33% | 2.30x | $710.07 Million |
About Yieh United Steel
Yieh United Steel Corp. engages in the manufacturing, processing, wholesale, and retail of stainless steel products in Taiwan and internationally. The company offers rolling door materials, steel pipes, mechanical parts, aviation precision parts, steel pipes, baling iron strips, cans and stainless steel, etc. It also provides cold-rolled and hot-rolled stainless steel coils and stainless steel bi… Read more