Lingsen Precision Industries Ltd (2369) - Net Assets
Based on the latest financial reports, Lingsen Precision Industries Ltd (2369) has net assets worth NT$4.98 Billion TWD (≈ $156.85 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$7.60 Billion ≈ $239.33 Million USD) and total liabilities (NT$2.62 Billion ≈ $82.48 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 2369 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.98 Billion |
| % of Total Assets | 65.54% |
| Annual Growth Rate | 1.43% |
| 5-Year Change | -18.35% |
| 10-Year Change | -21.37% |
| Growth Volatility | 8.59 |
Lingsen Precision Industries Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Lingsen Precision Industries Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Lingsen Precision Industries Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Lingsen Precision Industries Ltd (2002–2025)
The table below shows the annual net assets of Lingsen Precision Industries Ltd from 2002 to 2025. For live valuation and market cap data, see 2369 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.98 Billion ≈ $156.85 Million |
-9.15% |
| 2024-12-31 | NT$5.48 Billion ≈ $172.65 Million |
-3.53% |
| 2023-12-31 | NT$5.68 Billion ≈ $178.98 Million |
-4.51% |
| 2022-12-31 | NT$5.95 Billion ≈ $187.43 Million |
-2.43% |
| 2021-12-31 | NT$6.10 Billion ≈ $192.10 Million |
+18.78% |
| 2020-12-31 | NT$5.13 Billion ≈ $161.73 Million |
-3.35% |
| 2019-12-31 | NT$5.31 Billion ≈ $167.33 Million |
-10.58% |
| 2018-12-31 | NT$5.94 Billion ≈ $187.13 Million |
-5.18% |
| 2017-12-31 | NT$6.26 Billion ≈ $197.37 Million |
-1.06% |
| 2016-12-31 | NT$6.33 Billion ≈ $199.47 Million |
+1.60% |
| 2015-12-31 | NT$6.23 Billion ≈ $196.33 Million |
-5.51% |
| 2014-12-31 | NT$6.60 Billion ≈ $207.79 Million |
+0.92% |
| 2013-12-31 | NT$6.54 Billion ≈ $205.89 Million |
-0.79% |
| 2012-12-31 | NT$6.59 Billion ≈ $207.54 Million |
+2.82% |
| 2011-12-31 | NT$6.41 Billion ≈ $201.85 Million |
-0.98% |
| 2010-12-31 | NT$6.47 Billion ≈ $203.85 Million |
+13.38% |
| 2009-12-31 | NT$5.71 Billion ≈ $179.79 Million |
+5.51% |
| 2008-12-31 | NT$5.41 Billion ≈ $170.40 Million |
-1.93% |
| 2007-12-31 | NT$5.52 Billion ≈ $173.75 Million |
+20.22% |
| 2006-12-31 | NT$4.59 Billion ≈ $144.53 Million |
+4.89% |
| 2005-12-31 | NT$4.37 Billion ≈ $137.80 Million |
-6.31% |
| 2004-12-31 | NT$4.67 Billion ≈ $147.08 Million |
+17.18% |
| 2003-12-31 | NT$3.98 Billion ≈ $125.51 Million |
+10.87% |
| 2002-12-31 | NT$3.59 Billion ≈ $113.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lingsen Precision Industries 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 decreased by 4167400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$3.80 Billion | 79.17% |
| Other Comprehensive Income | NT$302.40 Million | 6.30% |
| Other Components | NT$739.46 Million | 15.40% |
| Total Equity | NT$4.80 Billion | 100.00% |
Lingsen Precision Industries Ltd Competitors by Market Cap
The table below lists competitors of Lingsen Precision Industries Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Everspin Technologies Inc
NASDAQ:MRAM
|
$512.10 Million |
|
Shanghai Rongtai Health Tech
SHG:603579
|
$512.21 Million |
|
Beijing Mainstreets Investment
SHE:000609
|
$512.37 Million |
|
HCR Co Ltd
SHG:688500
|
$512.46 Million |
|
ScinoPharm Taiwan Ltd
TW:1789
|
$511.95 Million |
|
Yext Inc
NYSE:YEXT
|
$511.43 Million |
|
Clearfield Inc
NASDAQ:CLFD
|
$511.37 Million |
|
Relx PLC
LSE:REL
|
$511.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lingsen Precision Industries Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,278,895,000 to 4,801,213,000, a change of -477,682,000 (-9.0%).
- Net loss of 394,253,000 reduced equity.
- Dividend payments of 112,333,000 reduced retained earnings.
- Other comprehensive income increased equity by 304,825,999.
- Other factors decreased equity by 275,921,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-394.25 Million | -8.21% |
| Dividends Paid | NT$112.33 Million | -2.34% |
| Other Comprehensive Income | NT$304.83 Million | +6.35% |
| Other Changes | NT$-275.92 Million | -5.75% |
| Total Change | NT$- | -9.05% |
Book Value vs Market Value Analysis
This analysis compares Lingsen Precision Industries 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: 3.39x
- 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 increased from 2.95x to 3.39x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$14.73 | NT$43.40 | x |
| 2010-12-31 | NT$16.71 | NT$43.40 | x |
| 2011-12-31 | NT$16.46 | NT$43.40 | x |
| 2012-12-31 | NT$16.96 | NT$43.40 | x |
| 2013-12-31 | NT$16.83 | NT$43.40 | x |
| 2014-12-31 | NT$17.08 | NT$43.40 | x |
| 2015-12-31 | NT$16.21 | NT$43.40 | x |
| 2016-12-31 | NT$16.39 | NT$43.40 | x |
| 2017-12-31 | NT$16.21 | NT$43.40 | x |
| 2018-12-31 | NT$15.37 | NT$43.40 | x |
| 2019-12-31 | NT$13.69 | NT$43.40 | x |
| 2020-12-31 | NT$13.21 | NT$43.40 | x |
| 2021-12-31 | NT$15.55 | NT$43.40 | x |
| 2022-12-31 | NT$15.19 | NT$43.40 | x |
| 2023-12-31 | NT$14.55 | NT$43.40 | x |
| 2024-12-31 | NT$14.04 | NT$43.40 | x |
| 2025-12-31 | NT$12.79 | NT$43.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lingsen Precision Industries Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.09%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.58x
- Recent ROE (-8.21%) is below the historical average (2.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 9.27% | 9.43% | 0.69x | 1.43x | NT$-29.11 Million |
| 2004 | 8.06% | 7.93% | 0.77x | 1.32x | NT$-90.45 Million |
| 2006 | 3.93% | 3.32% | 0.74x | 1.60x | NT$-269.20 Million |
| 2007 | 5.58% | 5.30% | 0.68x | 1.55x | NT$-233.37 Million |
| 2008 | 4.58% | 4.26% | 0.71x | 1.52x | NT$-280.36 Million |
| 2009 | 4.90% | 5.13% | 0.65x | 1.47x | NT$-280.47 Million |
| 2010 | 12.52% | 11.42% | 0.82x | 1.34x | NT$158.51 Million |
| 2011 | 6.47% | 6.31% | 0.80x | 1.28x | NT$-220.24 Million |
| 2012 | 5.83% | 5.88% | 0.76x | 1.31x | NT$-267.27 Million |
| 2013 | 5.68% | 5.98% | 0.70x | 1.37x | NT$-275.03 Million |
| 2014 | 2.91% | 3.15% | 0.61x | 1.52x | NT$-455.47 Million |
| 2015 | -1.30% | -1.44% | 0.57x | 1.59x | NT$-685.88 Million |
| 2016 | 3.78% | 4.15% | 0.58x | 1.57x | NT$-383.76 Million |
| 2017 | 2.15% | 2.16% | 0.65x | 1.53x | NT$-478.27 Million |
| 2018 | -3.60% | -3.95% | 0.64x | 1.42x | NT$-782.78 Million |
| 2019 | -10.77% | -11.70% | 0.57x | 1.61x | NT$-1.06 Billion |
| 2020 | -3.30% | -2.99% | 0.71x | 1.55x | NT$-657.83 Million |
| 2021 | 14.93% | 11.30% | 0.82x | 1.61x | NT$288.54 Million |
| 2022 | 3.63% | 3.45% | 0.69x | 1.53x | NT$-363.86 Million |
| 2023 | -2.87% | -2.76% | 0.71x | 1.46x | NT$-701.13 Million |
| 2024 | -3.19% | -3.13% | 0.72x | 1.42x | NT$-696.12 Million |
| 2025 | -8.21% | -7.09% | 0.73x | 1.58x | NT$-874.37 Million |
Industry Comparison
This section compares Lingsen Precision Industries Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,478,419,444
- Average return on equity (ROE) among peers: 7.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lingsen Precision Industries Ltd (2369) | NT$4.98 Billion | 9.27% | 0.53x | $511.99 Million |
| Rectron Ltd (2302) | $1.74 Billion | 6.07% | 0.23x | $251.49 Million |
| Taiwan Mask Corp (2338) | $5.04 Billion | 1.93% | 0.24x | $438.15 Million |
| SDI Corp (2351) | $5.97 Billion | 8.23% | 0.74x | $1.20 Billion |
| Greatek Electronics Inc (2441) | $3.85 Billion | 16.47% | 0.57x | $2.54 Billion |
| Visual Photonics Epitaxy Co Ltd (2455) | $637.47 Million | 0.00% | 0.77x | $2.25 Billion |
| Pan Jit International Inc (2481) | $2.97 Billion | 11.63% | 1.55x | $2.31 Billion |
| Ampoc Far-East Co Ltd (2493) | $1.86 Billion | 6.16% | 0.48x | $1.63 Billion |
| Episil-Precision Inc (3016) | $5.30 Billion | 12.85% | 0.45x | $1.21 Billion |
| Zenitron Corp (3028) | $3.93 Billion | 8.09% | 1.72x | $581.51 Million |
About Lingsen Precision Industries Ltd
Lingsen Precision Industries, Ltd. manufactures and sells semiconductor materials and equipment in Taiwan, the rest of Asia, Europe, and the Americas. The company is involved in assembly, testing, manufacture, and packaging of various integrated circuits and optoelectronics products. It offers assembly services, including reliability test, failure analysis, package characterization, and product s… Read more