Everspring Industry Co Ltd
Everspring Industry Co., Ltd. engages in the manufacturing, reprocessing, and trading of burglar alarm and other electronic products and parts. The company offers disaster prevention and security solutions; lighting control equipment and accessories of burglar alarms; and intelligent security equipment. It is also involved in research, development, manufacturing, and trading of intelligent securi… Read more
Everspring Industry Co Ltd (2390) - Net Assets
Latest net assets as of September 2025: NT$2.36 Billion TWD
Based on the latest financial reports, Everspring Industry Co Ltd (2390) has net assets worth NT$2.36 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$2.68 Billion) and total liabilities (NT$328.19 Million). 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$2.36 Billion |
| % of Total Assets | 87.77% |
| Annual Growth Rate | -2.81% |
| 5-Year Change | -0.28% |
| 10-Year Change | -11.82% |
| Growth Volatility | 17.3 |
Everspring Industry Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Everspring Industry 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 Everspring Industry Co Ltd (2002–2024)
The table below shows the annual net assets of Everspring Industry Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.34 Billion | -8.82% |
| 2023-12-31 | NT$2.57 Billion | -3.65% |
| 2022-12-31 | NT$2.67 Billion | -31.76% |
| 2021-12-31 | NT$3.91 Billion | +66.34% |
| 2020-12-31 | NT$2.35 Billion | +12.88% |
| 2019-12-31 | NT$2.08 Billion | -8.45% |
| 2018-12-31 | NT$2.28 Billion | -6.51% |
| 2017-12-31 | NT$2.43 Billion | -4.94% |
| 2016-12-31 | NT$2.56 Billion | -3.72% |
| 2015-12-31 | NT$2.66 Billion | +7.33% |
| 2014-12-31 | NT$2.48 Billion | -4.66% |
| 2013-12-31 | NT$2.60 Billion | +4.68% |
| 2012-12-31 | NT$2.48 Billion | +1.11% |
| 2011-12-31 | NT$2.46 Billion | -4.48% |
| 2010-12-31 | NT$2.57 Billion | -6.31% |
| 2009-12-31 | NT$2.74 Billion | +3.66% |
| 2008-12-31 | NT$2.65 Billion | -4.74% |
| 2007-12-31 | NT$2.78 Billion | -2.84% |
| 2006-12-31 | NT$2.86 Billion | +0.29% |
| 2005-12-31 | NT$2.85 Billion | -19.70% |
| 2004-12-31 | NT$3.55 Billion | -6.61% |
| 2003-12-31 | NT$3.80 Billion | -13.46% |
| 2002-12-31 | NT$4.39 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Everspring Industry 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 decreased by 188.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.93 Billion | 82.15% |
| Other Comprehensive Income | NT$-33.24 Million | -1.42% |
| Other Components | NT$766.68 Million | 32.70% |
| Total Equity | NT$2.34 Billion | 100.00% |
Everspring Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Everspring Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canterbury Park Holding Corporation
NASDAQ:CPHC
|
$39.22 Million |
|
Ju Teng International Holdings Limited
TW:9136
|
$39.23 Million |
|
Hareket Proje Tasimaciligi ve Yuk Muhendisligi Anonim Sirketi
IS:HRKET
|
$39.24 Million |
|
Epoch Chemtronics Corp.
TWO:3633
|
$39.25 Million |
|
Netas Telekomunikasyon AS
IS:NETAS
|
$39.20 Million |
|
RoyalTek Co Ltd
TWO:3306
|
$39.20 Million |
|
Alchera Inc.
KQ:347860
|
$39.20 Million |
|
Mineros S.A.
PINK:MNSAF
|
$39.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Everspring Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,571,051,000 to 2,344,635,000, a change of -226,416,000 (-8.8%).
- Net loss of 241,384,000 reduced equity.
- Other comprehensive income decreased equity by 6,196,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-241.38 Million | -10.3% |
| Other Comprehensive Income | NT$-6.20 Million | -0.26% |
| Other Changes | NT$21.16 Million | +0.9% |
| Total Change | NT$- | -8.81% |
Book Value vs Market Value Analysis
This analysis compares Everspring Industry 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: 0.80x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$13.14 | NT$9.71 | x |
| 2007-12-31 | NT$13.64 | NT$9.71 | x |
| 2008-12-31 | NT$13.28 | NT$9.71 | x |
| 2009-12-31 | NT$14.09 | NT$9.71 | x |
| 2010-12-31 | NT$13.18 | NT$9.71 | x |
| 2011-12-31 | NT$12.59 | NT$9.71 | x |
| 2012-12-31 | NT$12.72 | NT$9.71 | x |
| 2013-12-31 | NT$13.32 | NT$9.71 | x |
| 2014-12-31 | NT$12.74 | NT$9.71 | x |
| 2015-12-31 | NT$13.72 | NT$9.71 | x |
| 2016-12-31 | NT$13.32 | NT$9.71 | x |
| 2017-12-31 | NT$12.63 | NT$9.71 | x |
| 2018-12-31 | NT$11.81 | NT$9.71 | x |
| 2019-12-31 | NT$10.81 | NT$9.71 | x |
| 2020-12-31 | NT$12.21 | NT$9.71 | x |
| 2021-12-31 | NT$20.05 | NT$9.71 | x |
| 2022-12-31 | NT$12.67 | NT$9.71 | x |
| 2023-12-31 | NT$13.35 | NT$9.71 | x |
| 2024-12-31 | NT$12.17 | NT$9.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Everspring Industry Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -34.41%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.21x
- Recent ROE (-10.30%) is below the historical average (-1.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.81% | 11.07% | 0.25x | 1.72x | NT$-228.11 Million |
| 2004 | 1.51% | 3.90% | 0.27x | 1.43x | NT$-301.52 Million |
| 2006 | 6.26% | 12.61% | 0.38x | 1.31x | NT$-106.48 Million |
| 2007 | -1.43% | -3.30% | 0.32x | 1.34x | NT$-315.44 Million |
| 2008 | 0.28% | 0.58% | 0.36x | 1.34x | NT$-255.44 Million |
| 2009 | -1.85% | -4.53% | 0.32x | 1.28x | NT$-323.42 Million |
| 2010 | -6.17% | -13.00% | 0.35x | 1.36x | NT$-413.08 Million |
| 2011 | -5.32% | -15.02% | 0.27x | 1.32x | NT$-373.61 Million |
| 2012 | 0.35% | 0.94% | 0.27x | 1.40x | NT$-237.86 Million |
| 2013 | 1.97% | 5.79% | 0.26x | 1.33x | NT$-207.43 Million |
| 2014 | -3.05% | -6.03% | 0.34x | 1.47x | NT$-321.29 Million |
| 2015 | 6.52% | 19.84% | 0.25x | 1.32x | NT$-92.15 Million |
| 2016 | -1.90% | -6.01% | 0.26x | 1.23x | NT$-304.77 Million |
| 2017 | -5.70% | -19.67% | 0.23x | 1.25x | NT$-382.11 Million |
| 2018 | -7.61% | -25.75% | 0.25x | 1.20x | NT$-400.64 Million |
| 2019 | -8.67% | -29.07% | 0.24x | 1.27x | NT$-388.88 Million |
| 2020 | 8.31% | 36.77% | 0.18x | 1.25x | NT$-39.83 Million |
| 2021 | 36.48% | 241.19% | 0.14x | 1.11x | NT$1.04 Billion |
| 2022 | -32.44% | -146.45% | 0.18x | 1.21x | NT$-1.13 Billion |
| 2023 | -3.13% | -12.41% | 0.21x | 1.19x | NT$-337.59 Million |
| 2024 | -10.30% | -34.41% | 0.25x | 1.21x | NT$-475.85 Million |
Industry Comparison
This section compares Everspring Industry Co Ltd's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $2,315,721,222
- Average return on equity (ROE) among peers: 12.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Everspring Industry Co Ltd (2390) | NT$2.36 Billion | 4.81% | 0.14x | $39.21 Million |
| Hi Sharp Electronics Co Ltd (3128) | $590.65 Million | 5.67% | 0.87x | $29.03 Million |
| Hunt Electronic Co Ltd (3297) | $568.35 Million | -2.36% | 0.41x | $22.22 Million |
| GeoVision Inc (3356) | $1.13 Billion | 47.60% | 0.08x | $92.06 Million |
| Vivotek Inc (3454) | $2.95 Billion | 6.37% | 0.81x | $103.53 Million |
| ACTi Corporation (5240) | $201.01 Million | 18.31% | 1.27x | $14.63 Million |
| EverFocus Electronics Corp (5484) | $985.19 Million | -17.83% | 0.44x | $49.77 Million |
| NUUO Inc. (6419) | $329.40 Million | 21.78% | 0.50x | $22.35 Million |
| Topview Optronics Corporation (6556) | $1.55 Billion | 16.37% | 0.37x | $27.10 Million |
| Taiwan Secom Co Ltd (9917) | $12.53 Billion | 20.58% | 1.07x | $835.80 Million |