Formosa Prosonic Industries
Formosa Prosonic Industries Berhad, together with its subsidiaries, manufactures and sells speaker system products in Malaysia. The company offers consumer and home entertainment products, including portable and outdoor speakers, sound bars, home theater systems, ambient room wireless and bookshelf speakers, and TV stands. It also provides musical instrument solutions comprising pianos, guitar am… Read more
Formosa Prosonic Industries (9172) - Net Assets
Latest net assets as of September 2025: RM537.85 Million MYR
Based on the latest financial reports, Formosa Prosonic Industries (9172) has net assets worth RM537.85 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM640.53 Million) and total liabilities (RM102.68 Million). 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 | RM537.85 Million |
| % of Total Assets | 83.97% |
| Annual Growth Rate | 5.94% |
| 5-Year Change | 59.74% |
| 10-Year Change | 92.81% |
| Growth Volatility | 8.58 |
Formosa Prosonic Industries - Net Assets Trend (2012–2024)
This chart illustrates how Formosa Prosonic Industries's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Formosa Prosonic Industries (2012–2024)
The table below shows the annual net assets of Formosa Prosonic Industries from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM551.43 Million | +1.84% |
| 2023-12-31 | RM541.49 Million | +10.46% |
| 2022-12-31 | RM490.23 Million | +14.86% |
| 2021-12-31 | RM426.81 Million | +23.64% |
| 2020-12-31 | RM345.21 Million | +7.85% |
| 2019-12-31 | RM320.08 Million | +9.19% |
| 2018-12-31 | RM293.14 Million | +6.25% |
| 2017-12-31 | RM275.89 Million | +9.52% |
| 2016-12-31 | RM251.90 Million | -11.92% |
| 2015-12-31 | RM286.00 Million | -0.35% |
| 2014-12-31 | RM287.00 Million | -2.38% |
| 2013-12-31 | RM294.00 Million | +6.52% |
| 2012-12-31 | RM276.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Formosa Prosonic Industries'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 209.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM396.83 Million | 71.96% |
| Common Stock | RM157.18 Million | 28.50% |
| Other Comprehensive Income | RM1.77 Million | 0.32% |
| Total Equity | RM551.43 Million | 100.00% |
Formosa Prosonic Industries Competitors by Market Cap
The table below lists competitors of Formosa Prosonic Industries ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enad Global 7 AB (publ)
PINK:ENADF
|
$31.51 Million |
|
MicroCloud Hologram Inc.
NASDAQ:HOLO
|
$31.55 Million |
|
Centara Hotels & Resorts Leasehold Property Fund
BK:CTARAF
|
$31.56 Million |
|
Mabion S.A.
WAR:MAB
|
$31.56 Million |
|
Kimteks Poliuretan Sanayi ve Ticaret AS
IS:KMPUR
|
$31.51 Million |
|
ENVIONEER Co.Ltd
KQ:317870
|
$31.50 Million |
|
San Neng Group Holdings Co Ltd
TW:6671
|
$31.49 Million |
|
CSU Digital S.A.
SA:CSUD3
|
$31.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formosa Prosonic Industries's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 541,490,090 to 551,432,000, a change of 9,941,910 (1.8%).
- Net income of 66,811,000 contributed positively to equity growth.
- Dividend payments of 58,915,000 reduced retained earnings.
- Share repurchases of 2,688,980 reduced equity.
- New share issuances of 2,690,000 increased equity.
- Other comprehensive income decreased equity by 1,262,050.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM66.81 Million | +12.12% |
| Dividends Paid | RM58.91 Million | -10.68% |
| Share Repurchases | RM2.69 Million | -0.49% |
| Share Issuances | RM2.69 Million | +0.49% |
| Other Comprehensive Income | RM-1.26 Million | -0.23% |
| Other Changes | RM3.31 Million | +0.6% |
| Total Change | RM- | 1.84% |
Book Value vs Market Value Analysis
This analysis compares Formosa Prosonic Industries'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: 0.49x
- 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.
- The price-to-book ratio has decreased from 1.04x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM1.02 | RM1.06 | x |
| 2017-12-31 | RM1.12 | RM1.06 | x |
| 2018-12-31 | RM1.19 | RM1.06 | x |
| 2019-12-31 | RM1.25 | RM1.06 | x |
| 2020-12-31 | RM1.35 | RM1.06 | x |
| 2021-12-31 | RM1.66 | RM1.06 | x |
| 2022-12-31 | RM1.88 | RM1.06 | x |
| 2023-12-31 | RM2.12 | RM1.06 | x |
| 2024-12-31 | RM2.15 | RM1.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formosa Prosonic Industries 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): 12.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.45%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.21x
- Recent ROE (12.12%) is below the historical average (15.67%), 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 | 5.38% | 3.98% | 0.90x | 1.51x | RM-11.65 Million |
| 2017 | 14.92% | 8.93% | 1.16x | 1.44x | RM13.58 Million |
| 2018 | 12.50% | 6.54% | 1.27x | 1.51x | RM7.33 Million |
| 2019 | 13.47% | 5.45% | 1.56x | 1.59x | RM10.75 Million |
| 2020 | 15.67% | 6.86% | 1.29x | 1.77x | RM19.01 Million |
| 2021 | 23.25% | 10.32% | 1.44x | 1.57x | RM55.22 Million |
| 2022 | 22.07% | 10.77% | 1.50x | 1.36x | RM57.96 Million |
| 2023 | 21.67% | 17.41% | 0.96x | 1.29x | RM63.17 Million |
| 2024 | 12.12% | 10.45% | 0.95x | 1.21x | RM11.67 Million |
Industry Comparison
This section compares Formosa Prosonic Industries's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $57,840,810
- Average return on equity (ROE) among peers: -51.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formosa Prosonic Industries (9172) | RM537.85 Million | 5.38% | 0.19x | $31.51 Million |
| Salutica Bhd (0183) | $57.84 Million | -51.45% | 0.28x | $4.41 Million |