DFI Inc
DFI Inc. engages in the manufacturing and sale of board cards and computer components for industrial computers in Asia, America, Europe, and Internationally. It operates through Board Cards And System and Industrial Automation Intelligence segments. The company also offers services for intelligent products of industrial automations. In addition, it offers industrial panel pcs and displays; system… Read more
DFI Inc (2397) - Net Assets
Latest net assets as of September 2025: NT$5.71 Billion TWD
Based on the latest financial reports, DFI Inc (2397) has net assets worth NT$5.71 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$11.84 Billion) and total liabilities (NT$6.13 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$5.71 Billion |
| % of Total Assets | 48.26% |
| Annual Growth Rate | 3.62% |
| 5-Year Change | 15.96% |
| 10-Year Change | 92.91% |
| Growth Volatility | 13.96 |
DFI Inc - Net Assets Trend (2002–2024)
This chart illustrates how DFI Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for DFI Inc (2002–2024)
The table below shows the annual net assets of DFI Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.84 Billion | +17.15% |
| 2023-12-31 | NT$4.98 Billion | -14.45% |
| 2022-12-31 | NT$5.82 Billion | +5.83% |
| 2021-12-31 | NT$5.50 Billion | +9.34% |
| 2020-12-31 | NT$5.03 Billion | -2.76% |
| 2019-12-31 | NT$5.18 Billion | +60.92% |
| 2018-12-31 | NT$3.22 Billion | +3.84% |
| 2017-12-31 | NT$3.10 Billion | -3.52% |
| 2016-12-31 | NT$3.21 Billion | +6.11% |
| 2015-12-31 | NT$3.03 Billion | +4.21% |
| 2014-12-31 | NT$2.90 Billion | +2.15% |
| 2013-12-31 | NT$2.84 Billion | +1.64% |
| 2012-12-31 | NT$2.80 Billion | +0.17% |
| 2011-12-31 | NT$2.79 Billion | -0.97% |
| 2010-12-31 | NT$2.82 Billion | -5.83% |
| 2009-12-31 | NT$2.99 Billion | -2.18% |
| 2008-12-31 | NT$3.06 Billion | +0.94% |
| 2007-12-31 | NT$3.03 Billion | +4.17% |
| 2006-12-31 | NT$2.91 Billion | +8.58% |
| 2005-12-31 | NT$2.68 Billion | +10.14% |
| 2004-12-31 | NT$2.43 Billion | -5.04% |
| 2003-12-31 | NT$2.56 Billion | -3.94% |
| 2002-12-31 | NT$2.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to DFI Inc'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 240.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.54 Billion | 43.80% |
| Common Stock | NT$1.14 Billion | 32.60% |
| Other Comprehensive Income | NT$-69.57 Million | -1.98% |
| Other Components | NT$898.13 Million | 25.58% |
| Total Equity | NT$3.51 Billion | 100.00% |
DFI Inc Competitors by Market Cap
The table below lists competitors of DFI Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Monarch Networth Capital Limited
NSE:MONARCH
|
$73.51 Million |
|
S. P. Apparels Limited
NSE:SPAL
|
$73.53 Million |
|
GAMCO Investors Inc
OTCQX:GAMI
|
$73.61 Million |
|
Ace Pillar Co Ltd
TW:8374
|
$73.62 Million |
|
Gefran S.p.A.
LSE:0EKI
|
$73.48 Million |
|
Exco Technologies Limited
PINK:EXCOF
|
$73.48 Million |
|
United Bancshares Inc
OTCQX:UBOH
|
$73.46 Million |
|
Stemmer Imaging AG
XETRA:S9I
|
$73.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DFI Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,162,036,000 to 3,511,742,000, a change of 349,706,000 (11.1%).
- Net income of 396,611,000 contributed positively to equity growth.
- Dividend payments of 343,467,000 reduced retained earnings.
- Other comprehensive income decreased equity by 38,332,999.
- Other factors increased equity by 334,894,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$396.61 Million | +11.29% |
| Dividends Paid | NT$343.47 Million | -9.78% |
| Other Comprehensive Income | NT$-38.33 Million | -1.09% |
| Other Changes | NT$334.89 Million | +9.54% |
| Total Change | NT$- | 11.06% |
Book Value vs Market Value Analysis
This analysis compares DFI Inc'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: 1.79x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.22x to 1.79x 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$24.81 | NT$55.00 | x |
| 2010-12-31 | NT$23.33 | NT$55.00 | x |
| 2011-12-31 | NT$23.51 | NT$55.00 | x |
| 2012-12-31 | NT$24.07 | NT$55.00 | x |
| 2013-12-31 | NT$24.54 | NT$55.00 | x |
| 2014-12-31 | NT$25.02 | NT$55.00 | x |
| 2015-12-31 | NT$26.11 | NT$55.00 | x |
| 2016-12-31 | NT$27.67 | NT$55.00 | x |
| 2017-12-31 | NT$26.83 | NT$55.00 | x |
| 2018-12-31 | NT$27.83 | NT$55.00 | x |
| 2019-12-31 | NT$27.70 | NT$55.00 | x |
| 2020-12-31 | NT$25.82 | NT$55.00 | x |
| 2021-12-31 | NT$26.47 | NT$55.00 | x |
| 2022-12-31 | NT$28.13 | NT$55.00 | x |
| 2023-12-31 | NT$27.46 | NT$55.00 | x |
| 2024-12-31 | NT$30.67 | NT$55.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DFI Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.29%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.14%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 3.51x
- Recent ROE (11.29%) is below the historical average (12.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.45% | 3.06% | 1.16x | 1.26x | NT$-148.09 Million |
| 2003 | 3.44% | 2.91% | 0.98x | 1.21x | NT$-168.17 Million |
| 2004 | 4.45% | 4.30% | 0.87x | 1.19x | NT$-135.14 Million |
| 2006 | 18.93% | 18.66% | 0.86x | 1.18x | NT$259.86 Million |
| 2007 | 20.89% | 22.48% | 0.77x | 1.21x | NT$330.28 Million |
| 2008 | 17.66% | 14.51% | 1.03x | 1.18x | NT$234.37 Million |
| 2009 | 10.65% | 14.87% | 0.64x | 1.12x | NT$19.60 Million |
| 2010 | 5.31% | 8.62% | 0.55x | 1.11x | NT$-132.25 Million |
| 2011 | 7.52% | 11.85% | 0.56x | 1.14x | NT$-69.11 Million |
| 2012 | 7.70% | 11.12% | 0.60x | 1.16x | NT$-64.27 Million |
| 2013 | 8.91% | 10.96% | 0.68x | 1.20x | NT$-30.89 Million |
| 2014 | 11.62% | 12.84% | 0.74x | 1.22x | NT$46.93 Million |
| 2015 | 11.86% | 11.55% | 0.84x | 1.23x | NT$56.40 Million |
| 2016 | 16.40% | 13.77% | 0.93x | 1.28x | NT$205.56 Million |
| 2017 | 13.50% | 11.25% | 0.90x | 1.34x | NT$108.55 Million |
| 2018 | 18.82% | 11.62% | 1.10x | 1.47x | NT$283.66 Million |
| 2019 | 19.75% | 8.97% | 0.83x | 2.64x | NT$311.40 Million |
| 2020 | 13.61% | 4.85% | 1.03x | 2.72x | NT$107.54 Million |
| 2021 | 20.15% | 4.66% | 1.07x | 4.03x | NT$310.18 Million |
| 2022 | 16.27% | 3.26% | 1.23x | 4.05x | NT$203.49 Million |
| 2023 | 11.44% | 3.94% | 1.01x | 2.88x | NT$45.48 Million |
| 2024 | 11.29% | 4.14% | 0.78x | 3.51x | NT$45.44 Million |
Industry Comparison
This section compares DFI Inc's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $43,365,135,900
- Average return on equity (ROE) among peers: 2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DFI Inc (2397) | NT$5.71 Billion | 4.45% | 1.07x | $73.51 Million |
| Solytech Enterprise Corp (1471) | $1.73 Billion | 0.00% | 1.00x | $49.10 Million |
| Lite-On Technology Corp (2301) | $74.58 Billion | 5.93% | 1.28x | $9.62 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $18.55 Million |
| Kinpo Electronics Inc (2312) | $25.86 Billion | 0.85% | 3.17x | $896.54 Million |
| CMC Magnetics Corp (2323) | $37.52 Billion | 11.36% | 0.54x | $302.78 Million |
| Compal Electronics Inc (2324) | $112.28 Billion | 7.24% | 2.09x | $3.88 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.76 Billion | 1.89% | 0.86x | $204.97 Million |
| Ritek Corp (2349) | $11.17 Billion | -23.02% | 0.88x | $261.22 Million |
| Qisda Corp (2352) | $47.28 Billion | 0.00% | 2.52x | $839.54 Million |
| Asustek Computer Inc (2357) | $109.25 Billion | 16.75% | 1.03x | $11.74 Billion |