Solomon Technology Corp (2359) - Net Assets
Based on the latest financial reports, Solomon Technology Corp (2359) has net assets worth NT$6.03 Billion TWD (≈ $190.05 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$9.89 Billion ≈ $311.68 Million USD) and total liabilities (NT$3.86 Billion ≈ $121.63 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 how resilient are Solomon Technology Corp's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.03 Billion |
| % of Total Assets | 60.98% |
| Annual Growth Rate | 2.29% |
| 5-Year Change | 28.31% |
| 10-Year Change | 25.74% |
| Growth Volatility | 16.85 |
Solomon Technology Corp - Net Assets Trend (2002–2024)
This chart illustrates how Solomon Technology Corp's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Solomon Technology Corp for the complete picture of this company's asset base.
Annual Net Assets for Solomon Technology Corp (2002–2024)
The table below shows the annual net assets of Solomon Technology Corp from 2002 to 2024. For live valuation and market cap data, see Solomon Technology Corp (2359) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.25 Billion ≈ $196.84 Million |
+10.41% |
| 2023-12-31 | NT$5.66 Billion ≈ $178.27 Million |
+6.19% |
| 2022-12-31 | NT$5.33 Billion ≈ $167.88 Million |
+7.10% |
| 2021-12-31 | NT$4.98 Billion ≈ $156.75 Million |
+2.18% |
| 2020-12-31 | NT$4.87 Billion ≈ $153.41 Million |
-2.49% |
| 2019-12-31 | NT$4.99 Billion ≈ $157.33 Million |
+4.56% |
| 2018-12-31 | NT$4.78 Billion ≈ $150.47 Million |
+1.26% |
| 2017-12-31 | NT$4.72 Billion ≈ $148.61 Million |
-3.64% |
| 2016-12-31 | NT$4.90 Billion ≈ $154.23 Million |
-1.48% |
| 2015-12-31 | NT$4.97 Billion ≈ $156.55 Million |
+4.36% |
| 2014-12-31 | NT$4.76 Billion ≈ $150.01 Million |
+5.54% |
| 2013-12-31 | NT$4.51 Billion ≈ $142.13 Million |
+5.59% |
| 2012-12-31 | NT$4.27 Billion ≈ $134.61 Million |
+3.73% |
| 2011-12-31 | NT$4.12 Billion ≈ $129.77 Million |
-0.52% |
| 2010-12-31 | NT$4.14 Billion ≈ $130.45 Million |
+2.00% |
| 2009-12-31 | NT$4.06 Billion ≈ $127.90 Million |
-6.62% |
| 2008-12-31 | NT$4.35 Billion ≈ $136.96 Million |
-33.63% |
| 2007-12-31 | NT$6.55 Billion ≈ $206.37 Million |
+37.94% |
| 2006-12-31 | NT$4.75 Billion ≈ $149.61 Million |
+56.39% |
| 2005-12-31 | NT$3.04 Billion ≈ $95.66 Million |
0.00% |
| 2004-12-31 | NT$3.04 Billion ≈ $95.66 Million |
-19.68% |
| 2003-12-31 | NT$3.78 Billion ≈ $119.10 Million |
-0.51% |
| 2002-12-31 | NT$3.80 Billion ≈ $119.71 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Solomon Technology 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 259759500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.60 Billion | 45.17% |
| Common Stock | NT$1.71 Billion | 29.82% |
| Other Components | NT$1.44 Billion | 25.01% |
| Total Equity | NT$5.75 Billion | 100.00% |
Solomon Technology Corp Competitors by Market Cap
The table below lists competitors of Solomon Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Shenhao Technology Co Ltd
SHE:300853
|
$642.52 Million |
|
Luoyang Northglass Technology Co Ltd
SHE:002613
|
$642.58 Million |
|
A W FOOD SERVICES OF CANADA INC
TO:AW
|
$642.65 Million |
|
FRoSTA AG
F:NLM
|
$642.93 Million |
|
Sinovac Biotech Ltd
NASDAQ:SVA
|
$642.44 Million |
|
Guangxi Nanning Waterworks Co
SHG:601368
|
$642.16 Million |
|
New York Mortgage Trust Inc
NASDAQ:NYMT
|
$642.13 Million |
|
Ads Tec Energy PLC
NASDAQ:ADSE
|
$642.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solomon Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,223,290,000 to 5,750,478,000, a change of 527,188,000 (10.1%).
- Net income of 144,012,000 contributed positively to equity growth.
- Dividend payments of 307,064,000 reduced retained earnings.
- Other comprehensive income increased equity by 125,280,000.
- Other factors increased equity by 564,960,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$144.01 Million | +2.5% |
| Dividends Paid | NT$307.06 Million | -5.34% |
| Other Comprehensive Income | NT$125.28 Million | +2.18% |
| Other Changes | NT$564.96 Million | +9.82% |
| Total Change | NT$- | 10.09% |
Book Value vs Market Value Analysis
This analysis compares Solomon Technology 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: 3.55x
- 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 5.76x to 3.55x 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$20.65 | NT$119.00 | x |
| 2010-12-31 | NT$22.45 | NT$119.00 | x |
| 2011-12-31 | NT$22.09 | NT$119.00 | x |
| 2012-12-31 | NT$22.09 | NT$119.00 | x |
| 2013-12-31 | NT$22.12 | NT$119.00 | x |
| 2014-12-31 | NT$24.31 | NT$119.00 | x |
| 2015-12-31 | NT$26.49 | NT$119.00 | x |
| 2016-12-31 | NT$26.01 | NT$119.00 | x |
| 2017-12-31 | NT$25.00 | NT$119.00 | x |
| 2018-12-31 | NT$25.93 | NT$119.00 | x |
| 2019-12-31 | NT$26.67 | NT$119.00 | x |
| 2020-12-31 | NT$26.05 | NT$119.00 | x |
| 2021-12-31 | NT$26.65 | NT$119.00 | x |
| 2022-12-31 | NT$28.63 | NT$119.00 | x |
| 2023-12-31 | NT$30.45 | NT$119.00 | x |
| 2024-12-31 | NT$33.49 | NT$119.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solomon Technology 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): 2.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.11%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.73x
- Recent ROE (2.50%) is below the historical average (6.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 24.43% | 8.42% | 1.33x | 2.18x | NT$592.10 Million |
| 2007 | 26.01% | 10.40% | 1.34x | 1.86x | NT$937.08 Million |
| 2008 | 0.16% | 0.09% | 1.24x | 1.52x | NT$-398.64 Million |
| 2009 | 4.03% | 2.87% | 0.94x | 1.50x | NT$-225.72 Million |
| 2010 | 2.92% | 1.61% | 1.34x | 1.36x | NT$-272.26 Million |
| 2011 | 2.85% | 1.95% | 1.05x | 1.39x | NT$-270.72 Million |
| 2012 | 0.45% | 0.32% | 1.04x | 1.35x | NT$-372.73 Million |
| 2013 | 2.11% | 1.53% | 1.04x | 1.32x | NT$-323.92 Million |
| 2014 | 7.88% | 6.57% | 0.87x | 1.37x | NT$-91.47 Million |
| 2015 | 8.12% | 8.02% | 0.75x | 1.35x | NT$-85.50 Million |
| 2016 | 3.63% | 4.01% | 0.68x | 1.33x | NT$-283.92 Million |
| 2017 | 1.38% | 1.47% | 0.68x | 1.37x | NT$-369.52 Million |
| 2018 | 6.34% | 7.15% | 0.65x | 1.37x | NT$-162.66 Million |
| 2019 | 6.96% | 8.52% | 0.59x | 1.38x | NT$-138.97 Million |
| 2020 | 0.68% | 0.86% | 0.54x | 1.45x | NT$-416.13 Million |
| 2021 | 4.34% | 5.09% | 0.49x | 1.73x | NT$-258.48 Million |
| 2022 | 9.34% | 8.73% | 0.62x | 1.72x | NT$-32.64 Million |
| 2023 | 10.19% | 12.61% | 0.47x | 1.71x | NT$9.91 Million |
| 2024 | 2.50% | 4.11% | 0.35x | 1.73x | NT$-431.04 Million |
Industry Comparison
This section compares Solomon Technology Corp's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $213,752,142,111
- Average return on equity (ROE) among peers: 9.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solomon Technology Corp (2359) | NT$6.03 Billion | 24.43% | 0.64x | $642.50 Million |
| Syncmold Enterprise Corp (1582) | $5.56 Billion | 16.02% | 0.51x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $2.80 Billion | 0.00% | 2.80x | $1.78 Billion |
| Delta Electronics Inc (2308) | $55.06 Billion | 20.58% | 0.62x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $32.37 Billion | 15.88% | 1.22x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.66 Trillion | 8.54% | 1.50x | $96.56 Billion |
| Yageo Corp (2327) | $136.62 Billion | 12.79% | 1.43x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $11.99 Billion | 5.76% | 0.72x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $15.85 Billion | 3.13% | 0.42x | $641.19 Million |
About Solomon Technology Corp
Solomon Technology Corporation, together with its subsidiaries, operates as an electronic components sales agency in Taiwan, Mainland China, Hong Kong, and internationally. The company offers air pressure valve parts, air cylinders, liquid control elements, direct drive motors, components for chemical liquids, fixed thermal cameras, control panels, cooling systems, power management products, driv… Read more