FIT Hon Teng Limited
FIT Hon Teng Limited manufactures and sells mobile and wireless devices and connectors in Taiwan and internationally. It operates in two segments, Intermediate Products and Consumer Products. The company provides RF antenna cable and module assemblies; coaxial, internal, external, RJ, wire harness, USB, E/M, EM, flat, high speed, power, ribbon, SAS, and S-ATA cable assemblies; light source produc… Read more
FIT Hon Teng Limited (FITGF) - Net Assets
Latest net assets as of June 2025: $2.55 Billion USD
Based on the latest financial reports, FIT Hon Teng Limited (FITGF) has net assets worth $2.55 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.74 Billion) and total liabilities ($3.18 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 | $2.55 Billion |
| % of Total Assets | 44.53% |
| Annual Growth Rate | 8.91% |
| 5-Year Change | 13.32% |
| 10-Year Change | 108.73% |
| Growth Volatility | 13.22 |
FIT Hon Teng Limited - Net Assets Trend (2014–2024)
This chart illustrates how FIT Hon Teng 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 FIT Hon Teng Limited (2014–2024)
The table below shows the annual net assets of FIT Hon Teng Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.48 Billion | +1.83% |
| 2023-12-31 | $2.44 Billion | +3.85% |
| 2022-12-31 | $2.35 Billion | -2.03% |
| 2021-12-31 | $2.40 Billion | +9.37% |
| 2020-12-31 | $2.19 Billion | +5.44% |
| 2019-12-31 | $2.08 Billion | +6.68% |
| 2018-12-31 | $1.95 Billion | +2.82% |
| 2017-12-31 | $1.89 Billion | +47.50% |
| 2016-12-31 | $1.28 Billion | +7.98% |
| 2015-12-31 | $1.19 Billion | +12.46% |
| 2014-12-31 | $1.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to FIT Hon Teng 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 grown by 184.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.99 Billion | 80.62% |
| Common Stock | $142.32 Million | 5.75% |
| Other Comprehensive Income | $-190.18 Million | -7.69% |
| Other Components | $527.05 Million | 21.31% |
| Total Equity | $2.47 Billion | 100.00% |
FIT Hon Teng Limited Competitors by Market Cap
The table below lists competitors of FIT Hon Teng Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ning Xia Yin Xing Energy Co Ltd
SHE:000862
|
$459.10 Million |
|
Genting Plantations Bhd
KLSE:2291
|
$459.37 Million |
|
IMPRO PRECISION IND.HD-1
F:7IP
|
$459.38 Million |
|
Sinclair, Inc.
F:HQ7
|
$459.88 Million |
|
Chung Hung Steel Corp
TW:2014
|
$458.80 Million |
|
Shanghai Kinetic Medical Co
SHE:300326
|
$458.69 Million |
|
BOUVET ASA NK 01
F:BV4
|
$458.49 Million |
|
Fengfan Power
SHG:601700
|
$458.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FIT Hon Teng Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,434,825,000 to 2,473,229,000, a change of 38,404,000 (1.6%).
- Net income of 153,732,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 105,774,963.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $153.73 Million | +6.22% |
| Other Comprehensive Income | $-105.77 Million | -4.28% |
| Other Changes | $-8.87 Million | -0.36% |
| Total Change | $- | 1.58% |
Book Value vs Market Value Analysis
This analysis compares FIT Hon Teng 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: 0.88x
- 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 1.53x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.20 | $0.31 | x |
| 2015-12-31 | $0.21 | $0.31 | x |
| 2016-12-31 | $0.19 | $0.31 | x |
| 2017-12-31 | $0.29 | $0.31 | x |
| 2018-12-31 | $0.28 | $0.31 | x |
| 2019-12-31 | $0.31 | $0.31 | x |
| 2020-12-31 | $0.32 | $0.31 | x |
| 2021-12-31 | $0.35 | $0.31 | x |
| 2022-12-31 | $0.34 | $0.31 | x |
| 2023-12-31 | $0.34 | $0.31 | x |
| 2024-12-31 | $0.35 | $0.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FIT Hon Teng 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): 6.22%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.44%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 2.21x
- Recent ROE (6.22%) is below the historical average (9.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 17.75% | 7.53% | 0.99x | 2.38x | $81.64 Million |
| 2015 | 14.92% | 7.60% | 1.03x | 1.91x | $58.36 Million |
| 2016 | 13.13% | 5.85% | 1.10x | 2.04x | $40.17 Million |
| 2017 | 9.53% | 5.31% | 1.07x | 1.68x | $-8.90 Million |
| 2018 | 12.09% | 5.84% | 0.93x | 2.23x | $40.49 Million |
| 2019 | 11.39% | 5.38% | 0.99x | 2.13x | $28.74 Million |
| 2020 | 1.94% | 0.99% | 0.93x | 2.12x | $-176.28 Million |
| 2021 | 5.75% | 3.06% | 0.90x | 2.09x | $-101.83 Million |
| 2022 | 7.23% | 3.74% | 1.00x | 1.94x | $-64.92 Million |
| 2023 | 5.30% | 3.07% | 0.82x | 2.09x | $-114.51 Million |
| 2024 | 6.22% | 3.44% | 0.82x | 2.21x | $-93.59 Million |
Industry Comparison
This section compares FIT Hon Teng Limited's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $42,176,553,988
- Average return on equity (ROE) among peers: -5.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FIT Hon Teng Limited (FITGF) | $2.55 Billion | 17.75% | 1.25x | $458.84 Million |
| American Aires Inc (AAIRF) | $4.68 Million | -72.64% | 0.10x | $3.94 Million |
| Alpha Technologies Group Inc (AHAG) | $18.50 Million | 22.45% | 0.88x | $0.93 |
| Allient Inc. (ALNT) | $36.32 Million | 19.18% | 0.62x | $845.72 Million |
| alpha-En Corporation (ALPE) | $94.61K | -111.43% | 1.68x | $3.62K |
| Alps Electric Co Ltd (APELY) | $190.75 Billion | 5.84% | 1.24x | $2.39 Billion |
| Amphenol Corporation (APH) | $323.41 Million | 32.15% | 2.65x | $165.03 Billion |
| AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (ASAAF) | $226.29 Million | 18.25% | 1.19x | $344.33 Million |
| Audinate Group Limited (AUDGF) | $165.31 Million | -3.86% | 0.10x | $323.81 Million |
| AU Optronics Corp (AUOTY) | $212.82 Billion | 15.21% | 1.02x | $3.80 Billion |
| AVMPF (AVMPF) | $17.42 Billion | 23.89% | 2.47x | $7.28 Billion |