Aerospace Industrial Development Corp (2634) - Net Assets
Based on the latest financial reports, Aerospace Industrial Development Corp (2634) has net assets worth NT$18.14 Billion TWD (≈ $571.63 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$51.48 Billion ≈ $1.62 Billion USD) and total liabilities (NT$33.34 Billion ≈ $1.05 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. Also explore 2634 total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$18.14 Billion |
| % of Total Assets | 35.24% |
| Annual Growth Rate | 6.94% |
| 5-Year Change | 24.56% |
| 10-Year Change | 44.35% |
| Growth Volatility | 7.64 |
Aerospace Industrial Development Corp - Net Assets Trend (2010–2025)
This chart illustrates how Aerospace Industrial Development Corp's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Aerospace Industrial Development Corp to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Aerospace Industrial Development Corp (2010–2025)
The table below shows the annual net assets of Aerospace Industrial Development Corp from 2010 to 2025. For live valuation and market cap data, see Aerospace Industrial Development Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$17.84 Billion ≈ $562.14 Million |
-2.21% |
| 2024-12-31 | NT$18.25 Billion ≈ $574.83 Million |
+6.70% |
| 2023-12-31 | NT$17.10 Billion ≈ $538.72 Million |
+8.00% |
| 2022-12-31 | NT$15.83 Billion ≈ $498.82 Million |
+10.53% |
| 2021-12-31 | NT$14.32 Billion ≈ $451.31 Million |
+2.58% |
| 2020-12-31 | NT$13.96 Billion ≈ $439.95 Million |
-5.16% |
| 2019-12-31 | NT$14.72 Billion ≈ $463.87 Million |
+4.17% |
| 2018-12-31 | NT$14.13 Billion ≈ $445.29 Million |
+7.87% |
| 2017-12-31 | NT$13.10 Billion ≈ $412.82 Million |
+6.01% |
| 2016-12-31 | NT$12.36 Billion ≈ $389.42 Million |
+7.23% |
| 2015-12-31 | NT$11.53 Billion ≈ $363.15 Million |
+11.98% |
| 2014-12-31 | NT$10.29 Billion ≈ $324.30 Million |
+22.55% |
| 2013-12-31 | NT$8.40 Billion ≈ $264.62 Million |
+19.08% |
| 2012-12-31 | NT$7.05 Billion ≈ $222.21 Million |
+13.77% |
| 2011-12-31 | NT$6.20 Billion ≈ $195.32 Million |
-4.96% |
| 2010-12-31 | NT$6.52 Billion ≈ $205.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Aerospace Industrial Development Corp'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 765267100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.65 Billion | 26.06% |
| Common Stock | NT$9.42 Billion | 52.79% |
| Other Components | NT$3.77 Billion | 21.15% |
| Total Equity | NT$17.84 Billion | 100.00% |
Aerospace Industrial Development Corp Competitors by Market Cap
The table below lists competitors of Aerospace Industrial Development Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Burkhalter Holding AG
SW:BRKN
|
$1.84 Billion |
|
RLX Technology Inc
NYSE:RLX
|
$1.84 Billion |
|
China TransInfo Technology Co Ltd
SHE:002373
|
$1.84 Billion |
|
Iluka Resources Ltd
AU:ILU
|
$1.84 Billion |
|
eClerx Services Limited
NSE:ECLERX
|
$1.84 Billion |
|
Sichuan Anning Iron and Titanium Co
SHE:002978
|
$1.84 Billion |
|
Shenzhen Everbest Machinery Indus
SHE:002980
|
$1.84 Billion |
|
Sparebanken Vest
OL:SVEG
|
$1.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aerospace Industrial Development Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,245,498,000 to 17,842,564,000, a change of -402,934,000 (-2.2%).
- Net income of 733,068,000 contributed positively to equity growth.
- Dividend payments of 1,299,777,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,634,644,000.
- Other factors increased equity by 3,798,419,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$733.07 Million | +4.11% |
| Dividends Paid | NT$1.30 Billion | -7.28% |
| Other Comprehensive Income | NT$-3.63 Billion | -20.37% |
| Other Changes | NT$3.80 Billion | +21.29% |
| Total Change | NT$- | -2.21% |
Book Value vs Market Value Analysis
This analysis compares Aerospace Industrial Development Corp'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: 3.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.94x to 3.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$6.93 | NT$61.90 | x |
| 2011-12-31 | NT$8.09 | NT$61.90 | x |
| 2012-12-31 | NT$7.49 | NT$61.90 | x |
| 2013-12-31 | NT$8.92 | NT$61.90 | x |
| 2014-12-31 | NT$10.91 | NT$61.90 | x |
| 2015-12-31 | NT$12.19 | NT$61.90 | x |
| 2016-12-31 | NT$13.07 | NT$61.90 | x |
| 2017-12-31 | NT$13.86 | NT$61.90 | x |
| 2018-12-31 | NT$14.93 | NT$61.90 | x |
| 2019-12-31 | NT$15.57 | NT$61.90 | x |
| 2020-12-31 | NT$14.80 | NT$61.90 | x |
| 2021-12-31 | NT$15.19 | NT$61.90 | x |
| 2022-12-31 | NT$16.76 | NT$61.90 | x |
| 2023-12-31 | NT$18.10 | NT$61.90 | x |
| 2024-12-31 | NT$19.30 | NT$61.90 | x |
| 2025-12-31 | NT$19.41 | NT$61.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aerospace Industrial Development Corp 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): 4.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.07%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 3.02x
- Recent ROE (4.11%) is below the historical average (12.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 15.64% | 5.69% | 0.82x | 3.36x | NT$367.95 Million |
| 2011 | 14.77% | 5.60% | 0.94x | 2.80x | NT$363.43 Million |
| 2012 | 17.58% | 5.49% | 1.16x | 2.77x | NT$534.81 Million |
| 2013 | 15.35% | 5.58% | 1.07x | 2.57x | NT$449.12 Million |
| 2014 | 18.18% | 7.51% | 0.98x | 2.46x | NT$842.15 Million |
| 2015 | 17.60% | 7.55% | 0.94x | 2.49x | NT$876.51 Million |
| 2016 | 16.85% | 7.62% | 0.88x | 2.51x | NT$846.61 Million |
| 2017 | 13.34% | 6.35% | 0.82x | 2.58x | NT$437.68 Million |
| 2018 | 14.80% | 7.42% | 0.71x | 2.82x | NT$678.65 Million |
| 2019 | 12.73% | 6.57% | 0.62x | 3.13x | NT$401.93 Million |
| 2020 | 2.83% | 1.88% | 0.48x | 3.15x | NT$-1.00 Billion |
| 2021 | 3.90% | 2.35% | 0.58x | 2.84x | NT$-874.46 Million |
| 2022 | 10.28% | 5.38% | 0.71x | 2.70x | NT$44.04 Million |
| 2023 | 13.02% | 5.69% | 0.89x | 2.57x | NT$515.97 Million |
| 2024 | 11.88% | 5.51% | 0.80x | 2.71x | NT$343.52 Million |
| 2025 | 4.11% | 2.07% | 0.66x | 3.02x | NT$-1.05 Billion |
Industry Comparison
This section compares Aerospace Industrial Development Corp's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $6,018,201,667
- Average return on equity (ROE) among peers: 8.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aerospace Industrial Development Corp (2634) | NT$18.14 Billion | 15.64% | 1.84x | $1.84 Billion |
| CSBC Corp Taiwan (2208) | $13.78 Billion | 4.94% | 0.96x | $762.94 Million |
| Air Asia Co Ltd (2630) | $1.47 Billion | 13.27% | 0.54x | $318.70 Million |
| Evergreen Aviation Tech Corp (2645) | $13.81 Billion | 14.81% | 1.55x | $2.16 Billion |
| Magnate Technology Co Ltd (4541) | $1.62 Billion | -4.77% | 1.52x | $127.88 Million |
| Lungteh Shipbldg Co Ltd (6753) | $4.69 Billion | 14.57% | 1.36x | $483.93 Million |
| Aero Win Technology Corp (8222) | $730.59 Million | 5.54% | 0.88x | $77.45 Million |
About Aerospace Industrial Development Corp
Aerospace Industrial Development Corporation engages in the manufacturing and maintenance of airplanes and its parts and component in Taiwan. It provides military aircrafts and helicopters, commercial aviation, and aero/industrial engines. It also engages in the manufacturing maintenance and upgradation of drones, military aircrafts, and air fleets; production of military hardware, as well as mil… Read more