New Best Wire Industrial Co Ltd
New Best Wire Industrial Co Ltd has a market price of 28.25 TWD per share, with a market capitalization of 3.77 billion TWD. The company's price-to-book ratio is 1.0, and its price-to-tangible-book ratio is also 1.0, indicating that the market value aligns closely with the book value of tangible assets. The enterprise value to EBITDA ratio is 11.87, and the enterprise value to revenue ratio is 0.79, suggesting a relatively low valuation compared to revenue. The company's profitability metrics show a return on equity of 5.12% and a return on assets of 2.29%. These figures are below the industry median for return on equity and return on assets, indicating that the company is underperforming in terms of capital efficiency and asset utilization. New Best Wire Industrial Co Ltd's revenue is primarily derived from the sale of wire products, with no disclosed segmental breakdown. The company operates in both domestic and international markets, but the financial data does not provide specific geographic revenue concentrations. The lack of segmental and geographic detail limits the ability to assess exposure to specific regions or product lines. The company's revenue for the latest period was 7.73 billion TWD, with an operating income of 516.63 million TWD. Analyst estimates indicate a previous actual revenue of 6.85 billion TWD, suggesting a positive growth trajectory. However, the company's capital expenditures were negative at -371.09 million TWD, indicating a reduction in investment in new assets. The risk assessment for New Best Wire Industrial Co Ltd indicates a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio is 0.64, and the current ratio is 2.96, suggesting a relatively strong short-term liquidity position. However, the company has a negative net cash position after subtracting total debt, which could pose a liquidity challenge in the future. Recent financial filings and transcripts do not provide specific details on new events or strategic initiatives. The company's financial performance and risk profile suggest a stable but not particularly dynamic business environment. The absence of recent strategic announcements or significant financial changes indicates a period of operational consistency.
Business. New Best Wire Industrial Co Ltd is a Taiwan-based company engaged in the manufacture, processing, and trading of wire products, including carbon steel wires, black iron wires, stainless steel wires, alloy wires, and electrolytic polishing tubes, with applications in hardware, automotive, semiconductor, and other industries.
Classification. The company is classified under the Basic Materials economic sector, Mineral Resources business sector, and Iron & Steel industry, with a confidence level of 0.92.
- New Best Wire Industrial Co Ltd has a market price of 28.25 TWD per share, with a market capitalization of 3.77 billion TWD.
- The company's return on equity is 5.12%, and return on assets is 2.29%, both below the industry median.
- The company's revenue for the latest period was 7.73 billion TWD, with an operating income of 516.63 million TWD.
- The company has a debt-to-equity ratio of 0.64 and a current ratio of 2.96, indicating a relatively strong short-term liquidity position.
- The company's capital expenditures were negative at -371.09 million TWD, indicating a reduction in investment in new assets.
- The company has a medium liquidity risk and a low dilution risk, with a negative net cash position after subtracting total debt.
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- # RATIONALES
- Net cash is negative after subtracting total debt.