Fortune Electric Co Ltd
Fortune Electric Co., Ltd. manufactures and sells high and low voltage transformers, distribution panels, and distribution switchgear in Taiwan and internationally. The company provides power, distribution, cast resin, and amorphous metal core transformers; and metal-clad switchgears, gas insulated switches, switchgear panels, motor control centers, and transmission and distribution apparatus. Fo… Read more
Fortune Electric Co Ltd (1519) - Net Assets
Latest net assets as of September 2025: NT$8.85 Billion TWD
Based on the latest financial reports, Fortune Electric Co Ltd (1519) has net assets worth NT$8.85 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$24.98 Billion) and total liabilities (NT$16.13 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 | NT$8.85 Billion |
| % of Total Assets | 35.44% |
| Annual Growth Rate | 6.42% |
| 5-Year Change | 147.36% |
| 10-Year Change | 177.72% |
| Growth Volatility | 13.34 |
Fortune Electric Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Fortune Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fortune Electric Co Ltd (2002–2024)
The table below shows the annual net assets of Fortune Electric Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.77 Billion | +43.07% |
| 2023-12-31 | NT$6.13 Billion | +43.78% |
| 2022-12-31 | NT$4.27 Billion | +21.18% |
| 2021-12-31 | NT$3.52 Billion | -0.77% |
| 2020-12-31 | NT$3.55 Billion | +4.98% |
| 2019-12-31 | NT$3.38 Billion | +10.31% |
| 2018-12-31 | NT$3.06 Billion | -1.66% |
| 2017-12-31 | NT$3.12 Billion | -4.30% |
| 2016-12-31 | NT$3.26 Billion | +3.04% |
| 2015-12-31 | NT$3.16 Billion | +0.24% |
| 2014-12-31 | NT$3.15 Billion | +5.89% |
| 2013-12-31 | NT$2.98 Billion | +0.79% |
| 2012-12-31 | NT$2.95 Billion | -3.07% |
| 2011-12-31 | NT$3.05 Billion | -4.96% |
| 2010-12-31 | NT$3.21 Billion | -0.56% |
| 2009-12-31 | NT$3.22 Billion | +5.03% |
| 2008-12-31 | NT$3.07 Billion | +9.79% |
| 2007-12-31 | NT$2.80 Billion | +15.55% |
| 2006-12-31 | NT$2.42 Billion | +10.15% |
| 2005-12-31 | NT$2.20 Billion | +7.53% |
| 2004-12-31 | NT$2.04 Billion | -8.04% |
| 2003-12-31 | NT$2.22 Billion | -0.54% |
| 2002-12-31 | NT$2.23 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fortune Electric 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 5160.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.89 Billion | 67.83% |
| Common Stock | NT$2.87 Billion | 33.07% |
| Other Comprehensive Income | NT$-165.75 Million | -1.91% |
| Other Components | NT$87.02 Million | 1.00% |
| Total Equity | NT$8.68 Billion | 100.00% |
Fortune Electric Co Ltd Competitors by Market Cap
The table below lists competitors of Fortune Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bendigo and Adelaide Bank Ltd
AU:BEN
|
$3.49 Billion |
|
Schroders PLC
PINK:SHNWF
|
$3.49 Billion |
|
Hyundai Mipo Dockyard
KO:010620
|
$3.49 Billion |
|
MERIDIAN ENERGY
F:15M1
|
$3.49 Billion |
|
SpringWorks Therapeutics Inc
NASDAQ:SWTX
|
$3.48 Billion |
|
Mainfreight Limited
PINK:MFGHF
|
$3.48 Billion |
|
Shake Shack Inc
NYSE:SHAK
|
$3.48 Billion |
|
Jl Mag Rare-Earth Co Ltd Class A
SHE:300748
|
$3.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortune Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,026,496,000 to 8,682,790,000, a change of 2,656,294,000 (44.1%).
- Net income of 4,286,020,000 contributed positively to equity growth.
- Dividend payments of 1,566,351,000 reduced retained earnings.
- Other comprehensive income decreased equity by 77,120,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.29 Billion | +49.36% |
| Dividends Paid | NT$1.57 Billion | -18.04% |
| Other Comprehensive Income | NT$-77.12 Million | -0.89% |
| Other Changes | NT$13.75 Million | +0.16% |
| Total Change | NT$- | 44.08% |
Book Value vs Market Value Analysis
This analysis compares Fortune Electric 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: 33.57x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 90.96x to 33.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$10.13 | NT$921.00 | x |
| 2010-12-31 | NT$10.07 | NT$921.00 | x |
| 2011-12-31 | NT$9.59 | NT$921.00 | x |
| 2012-12-31 | NT$9.32 | NT$921.00 | x |
| 2013-12-31 | NT$9.38 | NT$921.00 | x |
| 2014-12-31 | NT$9.91 | NT$921.00 | x |
| 2015-12-31 | NT$9.93 | NT$921.00 | x |
| 2016-12-31 | NT$10.24 | NT$921.00 | x |
| 2017-12-31 | NT$9.83 | NT$921.00 | x |
| 2018-12-31 | NT$9.69 | NT$921.00 | x |
| 2019-12-31 | NT$10.66 | NT$921.00 | x |
| 2020-12-31 | NT$11.20 | NT$921.00 | x |
| 2021-12-31 | NT$10.99 | NT$921.00 | x |
| 2022-12-31 | NT$13.06 | NT$921.00 | x |
| 2023-12-31 | NT$19.03 | NT$921.00 | x |
| 2024-12-31 | NT$27.43 | NT$921.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortune Electric Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 49.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.22%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 2.52x
- Recent ROE (49.36%) is above the historical average (12.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.20% | 3.24% | 0.66x | 1.98x | NT$-129.45 Million |
| 2003 | 3.49% | 2.64% | 0.71x | 1.85x | NT$-144.57 Million |
| 2006 | 9.22% | 4.18% | 0.81x | 2.71x | NT$-18.72 Million |
| 2007 | 23.71% | 9.91% | 1.02x | 2.35x | NT$381.51 Million |
| 2008 | 23.01% | 8.29% | 1.19x | 2.34x | NT$398.47 Million |
| 2009 | 13.15% | 6.27% | 1.17x | 1.79x | NT$101.59 Million |
| 2010 | 8.53% | 4.78% | 0.96x | 1.85x | NT$-47.13 Million |
| 2011 | 3.66% | 2.26% | 0.82x | 1.98x | NT$-193.14 Million |
| 2012 | 2.34% | 1.53% | 0.81x | 1.89x | NT$-226.07 Million |
| 2013 | 3.85% | 2.57% | 0.80x | 1.88x | NT$-182.60 Million |
| 2014 | 8.26% | 5.07% | 0.77x | 2.12x | NT$-54.62 Million |
| 2015 | 7.14% | 3.94% | 0.73x | 2.48x | NT$-90.07 Million |
| 2016 | 7.70% | 4.38% | 0.82x | 2.14x | NT$-74.68 Million |
| 2017 | 2.98% | 1.58% | 0.83x | 2.27x | NT$-218.61 Million |
| 2018 | 1.96% | 1.00% | 0.88x | 2.23x | NT$-246.68 Million |
| 2019 | 12.15% | 5.72% | 0.84x | 2.54x | NT$72.76 Million |
| 2020 | 12.90% | 5.40% | 0.97x | 2.45x | NT$102.81 Million |
| 2021 | 8.33% | 3.21% | 0.91x | 2.85x | NT$-58.02 Million |
| 2022 | 20.23% | 10.82% | 0.66x | 2.82x | NT$423.88 Million |
| 2023 | 42.77% | 18.54% | 0.91x | 2.53x | NT$1.97 Billion |
| 2024 | 49.36% | 21.22% | 0.92x | 2.52x | NT$3.42 Billion |
Industry Comparison
This section compares Fortune Electric Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,700,427,778
- Average return on equity (ROE) among peers: 3.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortune Electric Co Ltd (1519) | NT$8.85 Billion | 4.20% | 1.82x | $3.49 Billion |
| Shihlin Electric & Engineering Corp (1503) | $22.39 Billion | 5.94% | 0.65x | $1.62 Billion |
| Allis Electric Co Ltd (1514) | $2.21 Billion | 0.00% | 0.80x | $709.40 Million |
| Klingon Aerospace Inc (1529) | $964.63 Million | 0.00% | 1.84x | $94.41 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $1.03 Billion | 2.38% | 0.31x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.41 Billion | 3.30% | 0.70x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $8.08 Billion | 1.11% | 0.67x | $101.17 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $7.50 Billion | -7.23% | 1.37x | $713.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $5.05 Billion | 12.62% | 0.24x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.66 Billion | 11.82% | 0.46x | $96.40 Million |