Fortune Oriental Co Ltd
Fortune Oriental Company Limited manufactures and sells lighting application products in Taiwan. The company also offers memory products, such as DRAM module, DDR3, DDR3, DDR3L, DDR4, EEPROM, and SPINOR flash; power related components, including PMIC, BUCK, LED driver, USB port management, protection, switch, reset, battery management, motor driver, and audio line driver products; MOSFET; ambient… Read more
Fortune Oriental Co Ltd (2491) - Net Assets
Latest net assets as of September 2025: NT$1.26 Billion TWD
Based on the latest financial reports, Fortune Oriental Co Ltd (2491) has net assets worth NT$1.26 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$1.52 Billion) and total liabilities (NT$266.13 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$1.26 Billion |
| % of Total Assets | 82.54% |
| Annual Growth Rate | -10.02% |
| 5-Year Change | -38.72% |
| 10-Year Change | 77.89% |
| Growth Volatility | 44.31 |
Fortune Oriental Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Fortune Oriental 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 Fortune Oriental Co Ltd (2002–2024)
The table below shows the annual net assets of Fortune Oriental Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.22 Billion | -3.15% |
| 2023-12-31 | NT$1.26 Billion | +3.15% |
| 2022-12-31 | NT$1.23 Billion | -41.30% |
| 2021-12-31 | NT$2.09 Billion | +4.49% |
| 2020-12-31 | NT$2.00 Billion | +11.73% |
| 2019-12-31 | NT$1.79 Billion | +151.09% |
| 2018-12-31 | NT$711.85 Million | -1.73% |
| 2017-12-31 | NT$724.35 Million | +7.64% |
| 2016-12-31 | NT$672.94 Million | -2.18% |
| 2015-12-31 | NT$687.96 Million | +8.91% |
| 2014-12-31 | NT$631.68 Million | +42.06% |
| 2013-12-31 | NT$444.65 Million | -61.96% |
| 2012-12-31 | NT$1.17 Billion | -55.69% |
| 2011-12-31 | NT$2.64 Billion | -18.67% |
| 2010-12-31 | NT$3.24 Billion | -2.98% |
| 2009-12-31 | NT$3.34 Billion | -12.03% |
| 2008-12-31 | NT$3.80 Billion | -10.24% |
| 2007-12-31 | NT$4.23 Billion | +18.39% |
| 2006-12-31 | NT$3.58 Billion | +1.15% |
| 2005-12-31 | NT$3.54 Billion | +40.36% |
| 2004-12-31 | NT$2.52 Billion | -82.54% |
| 2003-12-31 | NT$14.43 Billion | +15.67% |
| 2002-12-31 | NT$12.47 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fortune Oriental 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 176.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$820.08 Million | 101.48% |
| Other Comprehensive Income | NT$48.54 Million | 6.01% |
| Other Components | NT$82.27 Million | 10.18% |
| Total Equity | NT$808.12 Million | 100.00% |
Fortune Oriental Co Ltd Competitors by Market Cap
The table below lists competitors of Fortune Oriental Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shin Yang Shipping Corporation Bhd
KLSE:5173
|
$25.55 Million |
|
INmune Bio Inc
NASDAQ:INMB
|
$25.55 Million |
|
CULP INC. DL-05
F:CUZ
|
$25.56 Million |
|
Estika Tata Tiara Tbk PT
JK:BEEF
|
$25.57 Million |
|
BIDV Insurance Corp
VN:BIC
|
$25.54 Million |
|
Chu Kong Shipping Enterprises (Group) Company Limited
F:CKW
|
$25.53 Million |
|
Brunswick Exploration Inc.
PINK:BRWXF
|
$25.52 Million |
|
Seowon
KO:021050
|
$25.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortune Oriental Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 827,676,000 to 808,115,000, a change of -19,561,000 (-2.4%).
- Net loss of 32,781,000 reduced equity.
- Other comprehensive income increased equity by 13,220,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-32.78 Million | -4.06% |
| Other Comprehensive Income | NT$13.22 Million | +1.64% |
| Total Change | NT$- | -2.36% |
Book Value vs Market Value Analysis
This analysis compares Fortune Oriental 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: 1.68x
- 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$9.53 | NT$16.55 | x |
| 2010-12-31 | NT$27.22 | NT$16.55 | x |
| 2011-12-31 | NT$11.46 | NT$16.55 | x |
| 2012-12-31 | NT$4.33 | NT$16.55 | x |
| 2013-12-31 | NT$2.70 | NT$16.55 | x |
| 2014-12-31 | NT$6.46 | NT$16.55 | x |
| 2015-12-31 | NT$7.68 | NT$16.55 | x |
| 2016-12-31 | NT$6.97 | NT$16.55 | x |
| 2017-12-31 | NT$7.32 | NT$16.55 | x |
| 2018-12-31 | NT$7.07 | NT$16.55 | x |
| 2019-12-31 | NT$12.49 | NT$16.55 | x |
| 2020-12-31 | NT$13.98 | NT$16.55 | x |
| 2021-12-31 | NT$14.20 | NT$16.55 | x |
| 2022-12-31 | NT$9.67 | NT$16.55 | x |
| 2023-12-31 | NT$10.09 | NT$16.55 | x |
| 2024-12-31 | NT$9.84 | NT$16.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortune Oriental Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.32%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.77x
- Recent ROE (-4.06%) is above the historical average (-15.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 1.48% | 2.40% | 0.37x | 1.64x | NT$-1.06 Billion |
| 2003 | 0.85% | 1.52% | 0.36x | 1.55x | NT$-1.32 Billion |
| 2009 | -103.41% | -64.98% | 0.16x | 9.67x | NT$-841.38 Million |
| 2010 | 9.86% | 9.49% | 0.16x | 6.69x | NT$-1.30 Million |
| 2011 | -56.00% | -33.61% | 0.20x | 8.23x | NT$-469.07 Million |
| 2012 | -162.40% | -47.63% | 0.22x | 15.51x | NT$-470.57 Million |
| 2013 | -78.13% | -14.04% | 0.33x | 16.84x | NT$-149.78 Million |
| 2014 | 54.42% | 34.61% | 0.27x | 5.81x | NT$180.80 Million |
| 2015 | 6.06% | 7.66% | 0.18x | 4.47x | NT$-19.61 Million |
| 2016 | -5.21% | -7.58% | 0.16x | 4.32x | NT$-75.99 Million |
| 2017 | 7.02% | 10.04% | 0.18x | 3.79x | NT$-16.64 Million |
| 2018 | -5.78% | -9.03% | 0.17x | 3.76x | NT$-87.57 Million |
| 2019 | 105.01% | 333.31% | 0.16x | 1.96x | NT$973.36 Million |
| 2020 | 18.74% | 53.65% | 0.18x | 1.90x | NT$100.14 Million |
| 2021 | 10.71% | 33.72% | 0.15x | 2.07x | NT$8.23 Million |
| 2022 | -81.36% | 0.00% | -0.18x | 1.74x | NT$-724.10 Million |
| 2023 | 4.50% | 19.35% | 0.13x | 1.75x | NT$-45.52 Million |
| 2024 | -4.06% | -16.32% | 0.14x | 1.77x | NT$-113.59 Million |
Industry Comparison
This section compares Fortune Oriental Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $7,089,616,111
- Average return on equity (ROE) among peers: 10.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortune Oriental Co Ltd (2491) | NT$1.26 Billion | 1.48% | 0.21x | $25.54 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $8.23 Billion | 5.97% | 0.53x | $159.26 Million |
| Sampo Corp (1604) | $7.48 Billion | 1.91% | 0.73x | $196.08 Million |
| China Electric Manufacturing Corp (1611) | $4.56 Billion | 1.75% | 0.29x | $98.19 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.17 Billion | 4.11% | 0.26x | $129.08 Million |
| Airmate Cayman International Co Ltd (1626) | $2.22 Billion | 22.35% | 2.06x | $26.62 Million |
| Hocheng Corp (1810) | $6.31 Billion | 3.21% | 0.80x | $121.61 Million |
| King Slide Works Co Ltd (2059) | $28.04 Billion | 35.08% | 0.25x | $5.71 Billion |
| Bedding World Co., Ltd. (2938) | $492.43 Million | 17.07% | 2.01x | $3.15 Million |
| Ado Optronics (3516) | $1.30 Billion | 3.37% | 0.48x | $15.58 Million |