SDI Corp (2351) - Net Assets
Based on the latest financial reports, SDI Corp (2351) has net assets worth NT$7.28 Billion TWD (≈ $229.28 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$12.74 Billion ≈ $401.27 Million USD) and total liabilities (NT$5.46 Billion ≈ $171.99 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. For live market cap and overall valuation, see SDI Corp (2351) market capitalisation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$7.28 Billion |
| % of Total Assets | 57.14% |
| Annual Growth Rate | 5.66% |
| 5-Year Change | 11.39% |
| 10-Year Change | 34.75% |
| Growth Volatility | 5.17 |
SDI Corp - Net Assets Trend (2002–2025)
This chart illustrates how SDI Corp's net assets have evolved over time, based on quarterly financial data.
Annual Net Assets for SDI Corp (2002–2025)
The table below shows the annual net assets of SDI Corp from 2002 to 2025. See SDI Corp balance sheet quality to measure how much of total assets are equity-financed.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$7.28 Billion ≈ $229.28 Million |
-1.90% |
| 2024-12-31 | NT$7.42 Billion ≈ $233.72 Million |
+4.24% |
| 2023-12-31 | NT$7.12 Billion ≈ $224.22 Million |
+1.87% |
| 2022-12-31 | NT$6.99 Billion ≈ $220.10 Million |
+6.93% |
| 2021-12-31 | NT$6.53 Billion ≈ $205.83 Million |
+8.68% |
| 2020-12-31 | NT$6.01 Billion ≈ $189.39 Million |
+0.66% |
| 2019-12-31 | NT$5.97 Billion ≈ $188.14 Million |
-0.87% |
| 2018-12-31 | NT$6.02 Billion ≈ $189.79 Million |
+6.48% |
| 2017-12-31 | NT$5.66 Billion ≈ $178.24 Million |
+4.75% |
| 2016-12-31 | NT$5.40 Billion ≈ $170.15 Million |
+5.73% |
| 2015-12-31 | NT$5.11 Billion ≈ $160.93 Million |
+3.18% |
| 2014-12-31 | NT$4.95 Billion ≈ $155.98 Million |
+12.88% |
| 2013-12-31 | NT$4.39 Billion ≈ $138.18 Million |
+7.94% |
| 2012-12-31 | NT$4.06 Billion ≈ $128.01 Million |
+5.74% |
| 2011-12-31 | NT$3.84 Billion ≈ $121.06 Million |
-1.48% |
| 2010-12-31 | NT$3.90 Billion ≈ $122.88 Million |
+14.96% |
| 2009-12-31 | NT$3.39 Billion ≈ $106.89 Million |
+10.85% |
| 2008-12-31 | NT$3.06 Billion ≈ $96.42 Million |
-5.13% |
| 2007-12-31 | NT$3.23 Billion ≈ $101.64 Million |
+6.51% |
| 2006-12-31 | NT$3.03 Billion ≈ $95.43 Million |
+14.95% |
| 2005-12-31 | NT$2.63 Billion ≈ $83.02 Million |
+9.34% |
| 2004-12-31 | NT$2.41 Billion ≈ $75.93 Million |
+9.37% |
| 2003-12-31 | NT$2.20 Billion ≈ $69.42 Million |
+7.53% |
| 2002-12-31 | NT$2.05 Billion ≈ $64.56 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to SDI Corp'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 336986100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.37 Billion | 48.41% |
| Common Stock | NT$1.82 Billion | 26.16% |
| Other Comprehensive Income | NT$1.29 Billion | 18.51% |
| Other Components | NT$481.58 Million | 6.92% |
| Total Equity | NT$6.96 Billion | 100.00% |
SDI Corp Competitors by Market Cap
The table below lists competitors of SDI Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tinavi Medical Technologies Co Ltd
SHG:688277
|
$1.05 Billion |
|
Dorian LPG Ltd
NYSE:LPG
|
$1.05 Billion |
|
Wuzhou Special Paper Group Co. Ltd.
SHG:605007
|
$1.05 Billion |
|
Abacus Storage King
AU:ASK
|
$1.05 Billion |
|
Wonders Information
SHE:300168
|
$1.05 Billion |
|
Dynagreen Environmental Protection Group Co Ltd
SHG:601330
|
$1.05 Billion |
|
Jiangsu Hongdou Industrial Co Ltd
SHG:600400
|
$1.05 Billion |
|
Beijing Jingyuntong Technology Co Ltd
SHG:601908
|
$1.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SDI Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,055,226,000 to 6,961,221,000, a change of -94,005,000 (-1.3%).
- Net income of 303,194,000 contributed positively to equity growth.
- Dividend payments of 455,351,000 reduced retained earnings.
- Other comprehensive income increased equity by 59,017,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$303.19 Million | +4.36% |
| Dividends Paid | NT$455.35 Million | -6.54% |
| Other Comprehensive Income | NT$59.02 Million | +0.85% |
| Other Changes | NT$-865.00K | -0.01% |
| Total Change | NT$- | -1.33% |
Book Value vs Market Value Analysis
This analysis compares SDI Corp'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: 5.03x
- 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 10.92x to 5.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$16.76 | NT$183.00 | x |
| 2007-12-31 | NT$17.75 | NT$183.00 | x |
| 2008-12-31 | NT$17.07 | NT$183.00 | x |
| 2009-12-31 | NT$18.92 | NT$183.00 | x |
| 2010-12-31 | NT$21.23 | NT$183.00 | x |
| 2011-12-31 | NT$20.53 | NT$183.00 | x |
| 2012-12-31 | NT$21.67 | NT$183.00 | x |
| 2013-12-31 | NT$23.05 | NT$183.00 | x |
| 2014-12-31 | NT$26.02 | NT$183.00 | x |
| 2015-12-31 | NT$26.54 | NT$183.00 | x |
| 2016-12-31 | NT$27.94 | NT$183.00 | x |
| 2017-12-31 | NT$29.32 | NT$183.00 | x |
| 2018-12-31 | NT$31.27 | NT$183.00 | x |
| 2019-12-31 | NT$30.94 | NT$183.00 | x |
| 2020-12-31 | NT$31.17 | NT$183.00 | x |
| 2021-12-31 | NT$33.95 | NT$183.00 | x |
| 2022-12-31 | NT$36.34 | NT$183.00 | x |
| 2023-12-31 | NT$37.12 | NT$183.00 | x |
| 2024-12-31 | NT$38.70 | NT$183.00 | x |
| 2025-12-31 | NT$36.40 | NT$183.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SDI Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.96%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.83x
- Recent ROE (4.36%) is below the historical average (11.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 5.93% | 4.45% | 0.61x | 2.20x | NT$-87.43 Million |
| 2004 | 13.15% | 7.71% | 0.74x | 2.30x | NT$73.59 Million |
| 2005 | 9.83% | 5.42% | 0.72x | 2.50x | NT$-4.14 Million |
| 2006 | 18.27% | 7.56% | 0.92x | 2.61x | NT$237.92 Million |
| 2007 | 15.90% | 5.61% | 1.02x | 2.78x | NT$181.73 Million |
| 2008 | 3.68% | 1.41% | 0.97x | 2.68x | NT$-185.17 Million |
| 2009 | 9.68% | 5.27% | 0.74x | 2.47x | NT$-10.36 Million |
| 2010 | 17.55% | 6.49% | 1.06x | 2.55x | NT$281.66 Million |
| 2011 | 4.04% | 1.45% | 1.03x | 2.69x | NT$-218.26 Million |
| 2012 | 7.22% | 3.18% | 0.95x | 2.38x | NT$-107.44 Million |
| 2013 | 11.65% | 5.35% | 0.94x | 2.31x | NT$68.50 Million |
| 2014 | 15.15% | 7.26% | 0.94x | 2.23x | NT$242.07 Million |
| 2015 | 11.86% | 6.54% | 0.89x | 2.05x | NT$90.05 Million |
| 2016 | 14.27% | 8.27% | 0.87x | 1.97x | NT$217.81 Million |
| 2017 | 13.39% | 7.47% | 0.90x | 2.00x | NT$181.33 Million |
| 2018 | 14.53% | 7.96% | 0.92x | 2.00x | NT$258.58 Million |
| 2019 | 8.71% | 5.56% | 0.85x | 1.84x | NT$-72.56 Million |
| 2020 | 6.15% | 4.13% | 0.80x | 1.86x | NT$-218.83 Million |
| 2021 | 13.78% | 7.64% | 0.85x | 2.11x | NT$233.56 Million |
| 2022 | 14.19% | 8.02% | 0.91x | 1.95x | NT$277.75 Million |
| 2023 | 10.98% | 6.84% | 0.89x | 1.79x | NT$66.04 Million |
| 2024 | 9.57% | 6.24% | 0.86x | 1.78x | NT$-30.43 Million |
| 2025 | 4.36% | 2.96% | 0.80x | 1.83x | NT$-392.93 Million |
Industry Comparison
This section compares SDI Corp's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $5,309,012,111
- Average return on equity (ROE) among peers: 7.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SDI Corp (2351) | NT$7.28 Billion | 5.93% | 0.75x | $1.05 Billion |
| Rectron Ltd (2302) | $1.62 Billion | -2.09% | 0.22x | $222.41 Million |
| Taiwan Mask Corp (2338) | $2.48 Billion | -2.99% | 0.25x | $333.85 Million |
| Lingsen Precision Industries Ltd (2369) | $6.59 Billion | 5.67% | 0.27x | $362.76 Million |
| Greatek Electronics Inc (2441) | $18.00 Billion | 14.79% | 0.20x | $2.02 Billion |
| Visual Photonics Epitaxy Co Ltd (2455) | $3.52 Billion | 13.07% | 0.11x | $2.37 Billion |
| Pan Jit International Inc (2481) | $4.10 Billion | 7.99% | 1.53x | $1.60 Billion |
| Ampoc Far-East Co Ltd (2493) | $2.35 Billion | 13.12% | 0.55x | $994.26 Million |
| Episil-Precision Inc (3016) | $3.82 Billion | 0.27% | 0.58x | $894.52 Million |
| Zenitron Corp (3028) | $5.29 Billion | 16.58% | 3.12x | $501.53 Million |
About SDI Corp
SDI Corporation, together with its subsidiaries, manufactures and sells semiconductor lead frames, LED lead frames, stationery and office products, and high precision dies in Taiwan, China, Japan, Malaysia, and internationally. The company engages in the smelting and rolling of metal strips; manufacturing and processing of electronic components and molds; and international trade business. SDI Cor… Read more