AU Optronics (2409) - Net Assets
Based on the latest financial reports, AU Optronics (2409) has net assets worth NT$163.84 Billion TWD (≈ $5.16 Billion 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$382.02 Billion ≈ $12.04 Billion USD) and total liabilities (NT$218.18 Billion ≈ $6.87 Billion 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 2409 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$163.84 Billion |
| % of Total Assets | 42.89% |
| Annual Growth Rate | 5.64% |
| 5-Year Change | -31.15% |
| 10-Year Change | -17.93% |
| Growth Volatility | 23.5 |
AU Optronics - Net Assets Trend (2001–2025)
This chart illustrates how AU Optronics's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of AU Optronics for the complete picture of this company's asset base.
Annual Net Assets for AU Optronics (2001–2025)
The table below shows the annual net assets of AU Optronics from 2001 to 2025. For live valuation and market cap data, see market cap of AU Optronics.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$163.84 Billion ≈ $5.16 Billion |
+2.55% |
| 2024-12-31 | NT$159.77 Billion ≈ $5.03 Billion |
-3.38% |
| 2023-12-31 | NT$165.36 Billion ≈ $5.21 Billion |
-13.61% |
| 2022-12-31 | NT$191.41 Billion ≈ $6.03 Billion |
-19.56% |
| 2021-12-31 | NT$237.97 Billion ≈ $7.50 Billion |
+22.80% |
| 2020-12-31 | NT$193.79 Billion ≈ $6.11 Billion |
+8.32% |
| 2019-12-31 | NT$178.90 Billion ≈ $5.64 Billion |
-17.66% |
| 2018-12-31 | NT$217.28 Billion ≈ $6.85 Billion |
-3.54% |
| 2017-12-31 | NT$225.25 Billion ≈ $7.10 Billion |
+12.83% |
| 2016-12-31 | NT$199.63 Billion ≈ $6.29 Billion |
-2.44% |
| 2015-12-31 | NT$204.64 Billion ≈ $6.45 Billion |
+2.13% |
| 2014-12-31 | NT$200.37 Billion ≈ $6.31 Billion |
+12.35% |
| 2013-12-31 | NT$178.34 Billion ≈ $5.62 Billion |
+9.26% |
| 2012-12-31 | NT$163.24 Billion ≈ $5.14 Billion |
-26.23% |
| 2011-12-31 | NT$221.28 Billion ≈ $6.97 Billion |
-21.62% |
| 2010-12-31 | NT$282.32 Billion ≈ $8.89 Billion |
+2.69% |
| 2009-12-31 | NT$274.92 Billion ≈ $8.66 Billion |
-8.13% |
| 2008-12-31 | NT$299.26 Billion ≈ $9.43 Billion |
-0.52% |
| 2007-12-31 | NT$300.84 Billion ≈ $9.48 Billion |
+30.21% |
| 2006-12-31 | NT$231.04 Billion ≈ $7.28 Billion |
+47.89% |
| 2005-12-31 | NT$156.22 Billion ≈ $4.92 Billion |
+19.82% |
| 2004-12-31 | NT$130.38 Billion ≈ $4.11 Billion |
+40.86% |
| 2003-12-31 | NT$92.56 Billion ≈ $2.92 Billion |
+18.72% |
| 2002-12-31 | NT$77.96 Billion ≈ $2.46 Billion |
+77.58% |
| 2001-12-31 | NT$43.90 Billion ≈ $1.38 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to AU Optronics'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 2451606147880.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$20.75 Billion | 13.65% |
| Common Stock | NT$75.47 Billion | 49.65% |
| Other Comprehensive Income | NT$19.10 Billion | 12.57% |
| Other Components | NT$36.67 Billion | 24.13% |
| Total Equity | NT$152.00 Billion | 100.00% |
AU Optronics Competitors by Market Cap
The table below lists competitors of AU Optronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beiqi Foton Motor Co Ltd
SHG:600166
|
$4.09 Billion |
|
Poco Holding Co Ltd
SHE:300811
|
$4.10 Billion |
|
Sinomach Precision Industry Co Ltd
SHE:002046
|
$4.10 Billion |
|
Tongling Jingd
SHG:600577
|
$4.10 Billion |
|
Sejong Telecom Inc
KQ:036630
|
$4.09 Billion |
|
Virtu Financial, Inc.
NYSE:VIRT
|
$4.09 Billion |
|
Crinetics Pharmaceuticals Inc
NASDAQ:CRNX
|
$4.09 Billion |
|
Granite Real Estate Investment Trust
TO:GRT-UN
|
$4.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AU Optronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 153,297,720,000 to 151,999,444,000, a change of -1,298,276,000 (-0.8%).
- Net income of 6,843,361,000 contributed positively to equity growth.
- Dividend payments of 2,300,364,000 reduced retained earnings.
- Share repurchases of 1,824,016,000 reduced equity.
- Other comprehensive income decreased equity by 7,496,225,000.
- Other factors increased equity by 3,478,968,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$6.84 Billion | +4.5% |
| Dividends Paid | NT$2.30 Billion | -1.51% |
| Share Repurchases | NT$1.82 Billion | -1.2% |
| Other Comprehensive Income | NT$-7.50 Billion | -4.93% |
| Other Changes | NT$3.48 Billion | +2.29% |
| Total Change | NT$- | -0.85% |
Book Value vs Market Value Analysis
This analysis compares AU Optronics'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: 0.87x
- 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.
- The price-to-book ratio has decreased from 1.23x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | NT$13.98 | NT$17.20 | x |
| 2002-12-31 | NT$19.33 | NT$17.20 | x |
| 2003-12-31 | NT$20.75 | NT$17.20 | x |
| 2004-12-31 | NT$29.82 | NT$17.20 | x |
| 2005-12-31 | NT$31.32 | NT$17.20 | x |
| 2006-12-31 | NT$38.42 | NT$17.20 | x |
| 2007-12-31 | NT$40.01 | NT$17.20 | x |
| 2008-12-31 | NT$41.39 | NT$17.20 | x |
| 2009-12-31 | NT$37.24 | NT$17.20 | x |
| 2010-12-31 | NT$35.06 | NT$17.20 | x |
| 2011-12-31 | NT$29.09 | NT$17.20 | x |
| 2012-12-31 | NT$21.12 | NT$17.20 | x |
| 2013-12-31 | NT$21.97 | NT$17.20 | x |
| 2014-12-31 | NT$23.51 | NT$17.20 | x |
| 2015-12-31 | NT$23.64 | NT$17.20 | x |
| 2016-12-31 | NT$23.54 | NT$17.20 | x |
| 2017-12-31 | NT$27.04 | NT$17.20 | x |
| 2018-12-31 | NT$26.35 | NT$17.20 | x |
| 2019-12-31 | NT$21.83 | NT$17.20 | x |
| 2020-12-31 | NT$24.01 | NT$17.20 | x |
| 2021-12-31 | NT$29.56 | NT$17.20 | x |
| 2022-12-31 | NT$20.99 | NT$17.20 | x |
| 2023-12-31 | NT$20.76 | NT$17.20 | x |
| 2024-12-31 | NT$20.01 | NT$17.20 | x |
| 2025-12-31 | NT$19.66 | NT$17.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AU Optronics utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.43%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.51x
- Recent ROE (4.50%) is above the historical average (1.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -15.27% | -17.85% | 0.36x | 2.35x | NT$-11.09 Billion |
| 2002 | 7.74% | 7.96% | 0.59x | 1.66x | NT$-1.76 Billion |
| 2003 | 16.90% | 14.93% | 0.66x | 1.71x | NT$6.39 Billion |
| 2004 | 21.42% | 16.63% | 0.73x | 1.77x | NT$14.89 Billion |
| 2005 | 10.04% | 7.19% | 0.66x | 2.12x | NT$56.93 Million |
| 2006 | 3.94% | 3.10% | 0.51x | 2.51x | NT$-13.99 Billion |
| 2007 | 19.34% | 11.75% | 0.78x | 2.12x | NT$27.24 Billion |
| 2008 | 7.46% | 5.11% | 0.75x | 1.95x | NT$-7.36 Billion |
| 2009 | -10.21% | -7.45% | 0.58x | 2.38x | NT$-52.98 Billion |
| 2010 | 2.50% | 1.43% | 0.74x | 2.35x | NT$-20.12 Billion |
| 2011 | -29.83% | -16.13% | 0.62x | 2.98x | NT$-81.80 Billion |
| 2012 | -36.62% | -14.43% | 0.70x | 3.62x | NT$-69.53 Billion |
| 2013 | 2.54% | 1.00% | 0.85x | 3.00x | NT$-12.25 Billion |
| 2014 | 9.74% | 4.32% | 0.87x | 2.60x | NT$-469.50 Million |
| 2015 | 2.71% | 1.37% | 0.85x | 2.34x | NT$-13.27 Billion |
| 2016 | 4.31% | 2.38% | 0.77x | 2.37x | NT$-10.31 Billion |
| 2017 | 15.55% | 9.49% | 0.77x | 2.12x | NT$11.54 Billion |
| 2018 | 5.01% | 3.30% | 0.75x | 2.02x | NT$-10.13 Billion |
| 2019 | -12.64% | -7.88% | 0.70x | 2.31x | NT$-37.94 Billion |
| 2020 | 1.85% | 1.25% | 0.67x | 2.23x | NT$-14.90 Billion |
| 2021 | 26.46% | 16.55% | 0.87x | 1.83x | NT$38.15 Billion |
| 2022 | -11.33% | -8.50% | 0.64x | 2.09x | NT$-39.48 Billion |
| 2023 | -11.44% | -7.34% | 0.65x | 2.41x | NT$-34.12 Billion |
| 2024 | -2.00% | -1.09% | 0.71x | 2.56x | NT$-18.39 Billion |
| 2025 | 4.50% | 2.43% | 0.74x | 2.51x | NT$-8.36 Billion |
Industry Comparison
This section compares AU Optronics's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $200,463,738,700
- Average return on equity (ROE) among peers: 11.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AU Optronics (2409) | NT$163.84 Billion | -15.27% | 1.33x | $4.09 Billion |
| Syncmold Enterprise Corp (1582) | $5.72 Billion | 16.46% | 0.75x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $7.52 Billion | 6.47% | 0.78x | $1.78 Billion |
| Delta Electronics Inc (2308) | $225.37 Billion | 14.49% | 0.89x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.71 Billion | 20.43% | 1.15x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.17 Billion | 8.78% | 0.87x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.69 Trillion | 8.40% | 1.33x | $96.56 Billion |
| Yageo Corp (2327) | $24.05 Billion | 0.00% | 0.98x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $5.17 Billion | 3.40% | 0.28x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $16.21 Billion | 15.36% | 0.57x | $641.19 Million |
| Solomon Technology Corp (2359) | $6.55 Billion | 23.24% | 0.67x | $642.50 Million |
About AU Optronics
AUO Corporation engages in the research, development, production, and sale of thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays for various applications. The company operates through two segments, Display and Energy. It designs, manufactures, and sells ingots, solar wafers, and solar modules, as well as provides technical engineering and maintenance services fo… Read more