Tongda Group Holdings Limited
Tongda Group Holdings Limited, an investment holding company, provides high-precision structural components for smart mobile communications and consumer electronic products in the People's Republic of China, Hong Kong, Macau, the Asia Pacific, the United States, Europe, and internationally. It operates through two segments, Consumer Electronics Structural Components; and Household and Sports Good… Read more
Tongda Group Holdings Limited (TJC) - Net Assets
Latest net assets as of December 2024: €2.90 Billion EUR
Based on the latest financial reports, Tongda Group Holdings Limited (TJC) has net assets worth €2.90 Billion EUR as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€7.15 Billion) and total liabilities (€4.25 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 | €2.90 Billion |
| % of Total Assets | 40.6% |
| Annual Growth Rate | -5.75% |
| 5-Year Change | -56.42% |
| 10-Year Change | N/A |
| Growth Volatility | 24.72 |
Tongda Group Holdings Limited - Net Assets Trend (2016–2024)
This chart illustrates how Tongda Group Holdings Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tongda Group Holdings Limited (2016–2024)
The table below shows the annual net assets of Tongda Group Holdings Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €2.90 Billion | -58.52% |
| 2023-12-31 | €7.00 Billion | -8.22% |
| 2022-12-31 | €7.63 Billion | -7.18% |
| 2021-12-31 | €8.22 Billion | +23.33% |
| 2020-12-31 | €6.67 Billion | +11.43% |
| 2019-12-31 | €5.98 Billion | +0.76% |
| 2018-12-31 | €5.94 Billion | +0.88% |
| 2017-12-31 | €5.89 Billion | +26.12% |
| 2016-12-31 | €4.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tongda Group Holdings Limited'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 85.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €531.42 Million | 20.40% |
| Other Components | €2.07 Billion | 79.60% |
| Total Equity | €2.61 Billion | 100.00% |
Tongda Group Holdings Limited Competitors by Market Cap
The table below lists competitors of Tongda Group Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AXMIN Inc
PINK:AXMIF
|
$2.29 Million |
|
Alliance Entertainment Holding Corporation Warrants
NASDAQ:AENTW
|
$2.29 Million |
|
Bohra Industries Limited
NSE:BOHRAIND
|
$2.29 Million |
|
Teo Guan Lee Corporation Bhd
KLSE:9369
|
$2.29 Million |
|
Pasdec Holdings Bhd
KLSE:6912
|
$2.29 Million |
|
Adgar Investments and Development Ltd
TA:ADGR
|
$2.29 Million |
|
Natus Medical Incorporated
F:NM4
|
$2.29 Million |
|
UV GERMI S.A. EO -15
F:1NY
|
$2.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tongda Group Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,682,824,000 to 2,605,518,000, a change of -4,077,306,000 (-61.0%).
- Net loss of 3,942,177,000 reduced equity.
- New share issuances of 29,526,000 increased equity.
- Other factors decreased equity by 164,655,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-3.94 Billion | -151.3% |
| Share Issuances | €29.53 Million | +1.13% |
| Other Changes | €-164.66 Million | -6.32% |
| Total Change | €- | -61.01% |
Book Value vs Market Value Analysis
This analysis compares Tongda Group Holdings Limited'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: 1.83x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.51x to 1.83x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €0.96 | €0.49 | x |
| 2018-12-31 | €0.92 | €0.49 | x |
| 2019-12-31 | €0.92 | €0.49 | x |
| 2020-12-31 | €1.02 | €0.49 | x |
| 2021-12-31 | €0.84 | €0.49 | x |
| 2022-12-31 | €0.78 | €0.49 | x |
| 2023-12-31 | €0.69 | €0.49 | x |
| 2024-12-31 | €0.27 | €0.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tongda Group Holdings Limited 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): -151.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -70.53%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 2.75x
- Recent ROE (-151.30%) is below the historical average (-11.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 21.51% | 12.83% | 0.74x | 2.27x | €537.21 Million |
| 2017 | 17.24% | 11.75% | 0.63x | 2.34x | €422.68 Million |
| 2018 | 9.10% | 6.10% | 0.65x | 2.29x | €-53.46 Million |
| 2019 | 6.75% | 4.37% | 0.68x | 2.28x | €-193.10 Million |
| 2020 | 5.31% | 3.60% | 0.68x | 2.16x | €-310.41 Million |
| 2021 | 2.80% | 2.29% | 0.59x | 2.05x | €-587.82 Million |
| 2022 | 1.82% | 1.82% | 0.53x | 1.88x | €-618.99 Million |
| 2023 | -18.40% | -18.85% | 0.49x | 1.99x | €-1.90 Billion |
| 2024 | -151.30% | -70.53% | 0.78x | 2.75x | €-4.20 Billion |
Industry Comparison
This section compares Tongda Group Holdings Limited's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $56,781,464,600
- Average return on equity (ROE) among peers: 7.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongda Group Holdings Limited (TJC) | €2.90 Billion | 21.51% | 1.46x | $2.29 Million |
| B7X (B7X) | $-3.47 Million | 0.00% | 0.00x | $26.00 Million |
| CICOR TECHNOL.NAM. SF 10 (CRLN) | $148.89 Million | 2.57% | 1.46x | $346.09 Million |
| DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen (DAM) | $26.47 Million | 0.00% | 1.56x | $30.99 Million |
| SEIKOH GIKEN Co. Ltd (GIK) | $21.57 Billion | 3.71% | 0.16x | $59.74 Million |
| Valuetronics Holdings Limited (GJ7) | $1.46 Billion | 11.70% | 0.50x | $161.05 Million |
| Allied Motion Technologies Inc (HWY) | $215.47 Million | 8.07% | 1.73x | $752.88 Million |
| VIGO Photonics S.A. (J8Z) | $176.20 Million | -3.00% | 0.48x | $73.10 Million |
| Jabil Inc (JBL) | $2.14 Billion | 32.57% | 6.79x | $23.44 Billion |
| Jenoptik AG (JEN) | $655.44 Million | 10.32% | 0.65x | $1.32 Billion |
| MinebeaMitsumi Inc (MEA) | $541.43 Billion | 12.73% | 1.04x | $5.41 Billion |