DFI Inc (2397) - Net Assets
Based on the latest financial reports, DFI Inc (2397) has net assets worth NT$5.70 Billion TWD (≈ $179.64 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$12.36 Billion ≈ $389.28 Million USD) and total liabilities (NT$6.65 Billion ≈ $209.64 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 DFI Inc (2397) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$5.70 Billion |
| % of Total Assets | 46.15% |
| Annual Growth Rate | 3.36% |
| 5-Year Change | 3.6% |
| 10-Year Change | 77.58% |
| Growth Volatility | 13.72 |
DFI Inc - Net Assets Trend (2002–2025)
This chart illustrates how DFI Inc's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of DFI Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for DFI Inc (2002–2025)
The table below shows the annual net assets of DFI Inc from 2002 to 2025. For live valuation and market cap data, see 2397 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$5.70 Billion ≈ $179.64 Million |
-2.32% |
| 2024-12-31 | NT$5.84 Billion ≈ $183.90 Million |
+17.15% |
| 2023-12-31 | NT$4.98 Billion ≈ $156.99 Million |
-14.45% |
| 2022-12-31 | NT$5.82 Billion ≈ $183.51 Million |
+5.83% |
| 2021-12-31 | NT$5.50 Billion ≈ $173.40 Million |
+9.34% |
| 2020-12-31 | NT$5.03 Billion ≈ $158.59 Million |
-2.76% |
| 2019-12-31 | NT$5.18 Billion ≈ $163.09 Million |
+60.92% |
| 2018-12-31 | NT$3.22 Billion ≈ $101.35 Million |
+3.84% |
| 2017-12-31 | NT$3.10 Billion ≈ $97.60 Million |
-3.52% |
| 2016-12-31 | NT$3.21 Billion ≈ $101.16 Million |
+6.11% |
| 2015-12-31 | NT$3.03 Billion ≈ $95.33 Million |
+4.21% |
| 2014-12-31 | NT$2.90 Billion ≈ $91.48 Million |
+2.15% |
| 2013-12-31 | NT$2.84 Billion ≈ $89.55 Million |
+1.64% |
| 2012-12-31 | NT$2.80 Billion ≈ $88.11 Million |
+0.17% |
| 2011-12-31 | NT$2.79 Billion ≈ $87.95 Million |
-0.97% |
| 2010-12-31 | NT$2.82 Billion ≈ $88.81 Million |
-5.83% |
| 2009-12-31 | NT$2.99 Billion ≈ $94.31 Million |
-2.18% |
| 2008-12-31 | NT$3.06 Billion ≈ $96.41 Million |
+0.94% |
| 2007-12-31 | NT$3.03 Billion ≈ $95.51 Million |
+4.17% |
| 2006-12-31 | NT$2.91 Billion ≈ $91.69 Million |
+8.58% |
| 2005-12-31 | NT$2.68 Billion ≈ $84.44 Million |
+10.14% |
| 2004-12-31 | NT$2.43 Billion ≈ $76.67 Million |
-5.04% |
| 2003-12-31 | NT$2.56 Billion ≈ $80.73 Million |
-3.94% |
| 2002-12-31 | NT$2.67 Billion ≈ $84.04 Million |
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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 40.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$632.61 Million | 18.59% |
| Common Stock | NT$1.14 Billion | 33.64% |
| Other Comprehensive Income | NT$1.03 Billion | 30.16% |
| Other Components | NT$599.20 Million | 17.61% |
| Total Equity | NT$3.40 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 |
|---|---|
|
Kpx Holdings
KO:092230
|
$221.84 Million |
|
Perma-Pipe International Holdings Inc
NASDAQ:PPIH
|
$221.85 Million |
|
Ellomay Capital Ltd
TA:ELLO
|
$221.90 Million |
|
Montauk Renewables Inc
NASDAQ:MNTK
|
$221.92 Million |
|
Nexen Corporation
KO:005720
|
$221.79 Million |
|
In Win Development Inc
TW:6117
|
$221.76 Million |
|
Iron Force Industrial Co Ltd
TW:2228
|
$221.69 Million |
|
Pact Group Holdings Ltd
AU:PGH
|
$221.68 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 2024 to 2025, total equity changed from 3,511,742,000 to 3,402,911,000, a change of -108,831,000 (-3.1%).
- Net income of 285,365,000 contributed positively to equity growth.
- Dividend payments of 389,262,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,095,778,999.
- Other factors decreased equity by 1,100,712,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$285.37 Million | +8.39% |
| Dividends Paid | NT$389.26 Million | -11.44% |
| Other Comprehensive Income | NT$1.10 Billion | +32.2% |
| Other Changes | NT$-1.10 Billion | -32.35% |
| Total Change | NT$- | -3.10% |
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: 2.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$24.81 | NT$61.50 | x |
| 2010-12-31 | NT$23.33 | NT$61.50 | x |
| 2011-12-31 | NT$23.51 | NT$61.50 | x |
| 2012-12-31 | NT$24.07 | NT$61.50 | x |
| 2013-12-31 | NT$24.54 | NT$61.50 | x |
| 2014-12-31 | NT$25.02 | NT$61.50 | x |
| 2015-12-31 | NT$26.11 | NT$61.50 | x |
| 2016-12-31 | NT$27.67 | NT$61.50 | x |
| 2017-12-31 | NT$26.83 | NT$61.50 | x |
| 2018-12-31 | NT$27.83 | NT$61.50 | x |
| 2019-12-31 | NT$27.70 | NT$61.50 | x |
| 2020-12-31 | NT$25.82 | NT$61.50 | x |
| 2021-12-31 | NT$26.47 | NT$61.50 | x |
| 2022-12-31 | NT$28.13 | NT$61.50 | x |
| 2023-12-31 | NT$27.46 | NT$61.50 | x |
| 2024-12-31 | NT$30.67 | NT$61.50 | x |
| 2025-12-31 | NT$25.75 | NT$61.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DFI Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.39%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.62%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 3.63x
- Recent ROE (8.39%) is below the historical average (12.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.45% | 3.06% | 1.16x | 1.26x | NT$-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$45.44 Million |
| 2025 | 8.39% | 2.62% | 0.88x | 3.63x | NT$-54.93 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: $32,602,043,000
- Average return on equity (ROE) among peers: 4.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DFI Inc (2397) | NT$5.70 Billion | 4.45% | 1.17x | $221.83 Million |
| Solytech Enterprise Corp (1471) | $2.65 Billion | 1.18% | 0.39x | $54.97 Million |
| Lite-On Technology Corp (2301) | $74.14 Billion | 13.51% | 1.37x | $15.02 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $195.44 Million |
| Kinpo Electronics Inc (2312) | $17.40 Billion | 0.68% | 1.29x | $1.65 Billion |
| CMC Magnetics Corp (2323) | $16.86 Billion | -6.42% | 0.39x | $386.11 Million |
| Compal Electronics Inc (2324) | $31.11 Billion | 0.00% | 0.62x | $5.12 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $9.21 Billion | 26.14% | 1.49x | $390.74 Million |
| Ritek Corp (2349) | $33.11 Billion | -3.94% | 0.65x | $298.32 Million |
| Qisda Corp (2352) | $58.96 Billion | 8.46% | 1.90x | $1.53 Billion |
| Acer Inc (2353) | $80.34 Billion | 6.14% | 1.60x | $3.31 Billion |
About 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