Formosa Taffeta Co Ltd (1434) - Net Assets

Latest as of June 2025: NT$34.73 Billion TWD ≈ $1.09 Billion USD

Based on the latest financial reports, Formosa Taffeta Co Ltd (1434) has net assets worth NT$34.73 Billion TWD (≈ $1.09 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 (NT$50.86 Billion ≈ $1.60 Billion USD) and total liabilities (NT$16.13 Billion ≈ $508.30 Million 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. Check 1434 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	NT$34.73 Billion
% of Total Assets	68.28%
Annual Growth Rate	2.73%
5-Year Change	-39.97%
10-Year Change	-34.17%
Growth Volatility	26.04

Formosa Taffeta Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Formosa Taffeta Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Formosa Taffeta Co Ltd total assets for the complete picture of this company's asset base.

Annual Net Assets for Formosa Taffeta Co Ltd (2000–2024)

The table below shows the annual net assets of Formosa Taffeta Co Ltd from 2000 to 2024. For live valuation and market cap data, see 1434 market cap overview.

Year	Net Assets	Change
2024-12-31	NT$36.91 Billion ≈ $1.16 Billion	-32.09%
2023-12-31	NT$54.35 Billion ≈ $1.71 Billion	-2.54%
2022-12-31	NT$55.77 Billion ≈ $1.76 Billion	-10.41%
2021-12-31	NT$62.24 Billion ≈ $1.96 Billion	+1.24%
2020-12-31	NT$61.48 Billion ≈ $1.94 Billion	-4.27%
2019-12-31	NT$64.22 Billion ≈ $2.02 Billion	-14.33%
2018-12-31	NT$74.97 Billion ≈ $2.36 Billion	+2.44%
2017-12-31	NT$73.18 Billion ≈ $2.31 Billion	+4.13%
2016-12-31	NT$70.28 Billion ≈ $2.21 Billion	+25.35%
2015-12-31	NT$56.07 Billion ≈ $1.77 Billion	+6.93%
2014-12-31	NT$52.43 Billion ≈ $1.65 Billion	-3.28%
2013-12-31	NT$54.21 Billion ≈ $1.71 Billion	-0.69%
2012-12-31	NT$54.58 Billion ≈ $1.72 Billion	-5.11%
2011-12-31	NT$57.52 Billion ≈ $1.81 Billion	-5.75%
2010-12-31	NT$61.03 Billion ≈ $1.92 Billion	+12.51%
2009-12-31	NT$54.25 Billion ≈ $1.71 Billion	+17.20%
2008-12-31	NT$46.28 Billion ≈ $1.46 Billion	-27.53%
2007-12-31	NT$63.86 Billion ≈ $2.01 Billion	+27.43%
2006-12-31	NT$50.12 Billion ≈ $1.58 Billion	+112.69%
2005-12-31	NT$23.56 Billion ≈ $742.36 Million	+6.45%
2004-12-31	NT$22.14 Billion ≈ $697.39 Million	+5.47%
2003-12-31	NT$20.99 Billion ≈ $661.22 Million	+1.86%
2002-12-31	NT$20.60 Billion ≈ $649.12 Million	+5.05%
2001-12-31	NT$19.61 Billion ≈ $617.89 Million	+1.46%
2000-12-31	NT$19.33 Billion ≈ $608.99 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Formosa Taffeta Co Ltd'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 271.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	NT$8.63 Billion	23.39%
Other Components	NT$28.28 Billion	76.61%
Total Equity	NT$36.91 Billion	100.00%

Formosa Taffeta Co Ltd Competitors by Market Cap

The table below lists competitors of Formosa Taffeta Co Ltd ranked by their market capitalization.

Company	Market Cap
Macmic Science & Technology Co Ltd SHG:688711	$842.85 Million
Svenska Handelsbanken AB (publ) ST:SHB-B	$842.94 Million
Close Brothers Group plc F:CS3	$843.01 Million
AP (Thailand) Public Company Limited BK:AP	$843.27 Million
New Mountain Finance Corporation NASDAQ:NMFC	$842.78 Million
Clinica Baviera MC:CBAV	$842.36 Million
EnTie Commercial Bank Ltd TW:2849	$841.87 Million
Radius Recycling, Inc. NASDAQ:RDUS	$841.73 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Formosa Taffeta Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 54,351,972,000 to 36,910,517,000, a change of -17,441,455,000 (-32.1%).
Net income of 1,490,185,000 contributed positively to equity growth.
Dividend payments of 844,309,000 reduced retained earnings.
Other comprehensive income decreased equity by 16,894,855,000.
Other factors decreased equity by 1,192,476,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	NT$1.49 Billion	+4.04%
Dividends Paid	NT$844.31 Million	-2.29%
Other Comprehensive Income	NT$-16.89 Billion	-45.77%
Other Changes	NT$-1.19 Billion	-3.23%
Total Change	NT$-	-32.09%

Book Value vs Market Value Analysis

This analysis compares Formosa Taffeta Co Ltd'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: 0.72x
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 increased from 0.55x to 0.72x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	NT$29.05	NT$15.90	x
2007-12-31	NT$36.16	NT$15.90	x
2008-12-31	NT$25.92	NT$15.90	x
2009-12-31	NT$30.57	NT$15.90	x
2010-12-31	NT$34.37	NT$15.90	x
2011-12-31	NT$32.29	NT$15.90	x
2012-12-31	NT$30.64	NT$15.90	x
2013-12-31	NT$30.47	NT$15.90	x
2014-12-31	NT$29.26	NT$15.90	x
2015-12-31	NT$31.33	NT$15.90	x
2016-12-31	NT$39.68	NT$15.90	x
2017-12-31	NT$41.24	NT$15.90	x
2018-12-31	NT$40.96	NT$15.90	x
2019-12-31	NT$38.17	NT$15.90	x
2020-12-31	NT$36.54	NT$15.90	x
2021-12-31	NT$37.00	NT$15.90	x
2022-12-31	NT$33.15	NT$15.90	x
2023-12-31	NT$32.26	NT$15.90	x
2024-12-31	NT$21.94	NT$15.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Formosa Taffeta Co Ltd 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): 4.04%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.19%
• Asset Turnover: 0.55x
• Equity Multiplier: 1.42x
Recent ROE (4.04%) is below the historical average (6.26%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	11.99%	12.20%	0.55x	1.80x	NT$380.07 Million
2001	5.24%	5.47%	0.50x	1.91x	NT$-925.14 Million
2002	8.51%	8.18%	0.57x	1.81x	NT$-306.19 Million
2003	7.57%	6.73%	0.59x	1.92x	NT$-510.18 Million
2004	9.48%	7.40%	0.66x	1.95x	NT$-115.19 Million
2005	11.04%	7.57%	0.73x	1.99x	NT$242.02 Million
2006	6.96%	8.98%	0.51x	1.51x	NT$-1.49 Billion
2007	12.13%	17.77%	0.47x	1.45x	NT$1.29 Billion
2008	6.89%	7.11%	0.58x	1.67x	NT$-1.36 Billion
2009	0.18%	0.23%	0.50x	1.54x	NT$-5.05 Billion
2010	7.08%	8.30%	0.56x	1.51x	NT$-1.69 Billion
2011	3.83%	3.91%	0.64x	1.53x	NT$-3.35 Billion
2012	4.68%	4.79%	0.66x	1.49x	NT$-2.74 Billion
2013	4.15%	4.46%	0.62x	1.50x	NT$-3.00 Billion
2014	7.15%	7.30%	0.64x	1.52x	NT$-1.40 Billion
2015	5.37%	6.60%	0.54x	1.52x	NT$-2.44 Billion
2016	5.22%	8.74%	0.43x	1.38x	NT$-3.19 Billion
2017	6.17%	10.51%	0.43x	1.37x	NT$-2.66 Billion
2018	6.87%	10.64%	0.48x	1.35x	NT$-2.15 Billion
2019	8.08%	14.11%	0.46x	1.26x	NT$-1.23 Billion
2020	3.41%	7.28%	0.36x	1.29x	NT$-4.05 Billion
2021	3.44%	6.53%	0.40x	1.31x	NT$-4.08 Billion
2022	6.11%	9.81%	0.46x	1.35x	NT$-2.17 Billion
2023	0.82%	1.56%	0.40x	1.32x	NT$-4.99 Billion
2024	4.04%	5.19%	0.55x	1.42x	NT$-2.20 Billion

Industry Comparison

This section compares Formosa Taffeta Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.

Industry Context

Industry: Textile Manufacturing
Average net assets among peers: $22,148,862,600
Average return on equity (ROE) among peers: 7.52%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Formosa Taffeta Co Ltd (1434)	NT$34.73 Billion	11.99%	0.46x	$842.81 Million
San Fang Chemical Industry Co Ltd (1307)	$7.65 Billion	1.52%	0.93x	$397.31 Million
Universal Inc (1325)	$1.60 Billion	11.31%	0.14x	$70.39 Million
Fulin Plastic Industry Cayman Holding Co Ltd (1341)	$1.27 Billion	23.39%	0.86x	$101.90 Million
Cathay Consolidated Inc (1342)	$936.36 Million	19.28%	0.62x	$229.70 Million
Far Eastern New Century Corp (1402)	$171.83 Billion	5.07%	0.97x	$4.34 Billion
Shinkong Synthetic Fiber Corp (1409)	$32.72 Billion	2.29%	2.96x	$854.13 Million
Nan Yang Dyeing & Finishing Co Ltd (1410)	$1.26 Billion	7.34%	0.21x	$53.81 Million
Hung Chou Fiber Ind Co Ltd (1413)	$1.23 Billion	8.07%	1.17x	$39.67 Million
Tung Ho Textile Co Ltd (1414)	$1.80 Billion	0.00%	2.40x	$103.86 Million
Tong-Hwa Synthetic Fiber Co Ltd (1418)	$1.20 Billion	-3.01%	1.03x	$32.85 Million

About Formosa Taffeta Co Ltd

TW:1434 Taiwan Textile Manufacturing

Market Cap

$842.81 Million

NT$26.75 Billion TWD

Market Cap Rank

#9900 Global

#309 in Taiwan

Share Price

NT$15.90

Change (1 day)

-0.93%

52-Week Range

NT$14.60 - NT$18.45

All Time High

NT$34.69