Fubon Financial Holding Co Ltd (2881) - Net Assets
Based on the latest financial reports, Fubon Financial Holding Co Ltd (2881) has net assets worth NT$957.64 Billion TWD (≈ $30.17 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$12.40 Trillion ≈ $390.73 Billion USD) and total liabilities (NT$11.44 Trillion ≈ $360.56 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 Fubon Financial Holding Co Ltd (2881) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$957.64 Billion |
| % of Total Assets | 7.72% |
| Annual Growth Rate | 10.28% |
| 5-Year Change | 24.33% |
| 10-Year Change | 156.81% |
| Growth Volatility | 19.64 |
Fubon Financial Holding Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Fubon Financial Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Fubon Financial Holding Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Fubon Financial Holding Co Ltd (2001–2024)
The table below shows the annual net assets of Fubon Financial Holding Co Ltd from 2001 to 2024. For live valuation and market cap data, see 2881 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$965.79 Billion ≈ $30.43 Billion |
+18.27% |
| 2023-12-31 | NT$816.61 Billion ≈ $25.73 Billion |
+42.36% |
| 2022-12-31 | NT$573.61 Billion ≈ $18.07 Billion |
-41.70% |
| 2021-12-31 | NT$983.84 Billion ≈ $31.00 Billion |
+26.66% |
| 2020-12-31 | NT$776.78 Billion ≈ $24.47 Billion |
+25.35% |
| 2019-12-31 | NT$619.69 Billion ≈ $19.52 Billion |
+32.18% |
| 2018-12-31 | NT$468.83 Billion ≈ $14.77 Billion |
-4.08% |
| 2017-12-31 | NT$488.77 Billion ≈ $15.40 Billion |
+14.44% |
| 2016-12-31 | NT$427.11 Billion ≈ $13.46 Billion |
+13.57% |
| 2015-12-31 | NT$376.08 Billion ≈ $11.85 Billion |
-9.63% |
| 2014-12-31 | NT$416.15 Billion ≈ $13.11 Billion |
+31.41% |
| 2013-12-31 | NT$316.68 Billion ≈ $9.98 Billion |
+3.74% |
| 2012-12-31 | NT$305.27 Billion ≈ $9.62 Billion |
+30.64% |
| 2011-12-31 | NT$233.68 Billion ≈ $7.36 Billion |
+5.13% |
| 2010-12-31 | NT$222.27 Billion ≈ $7.00 Billion |
+4.36% |
| 2009-12-31 | NT$212.98 Billion ≈ $6.71 Billion |
+43.64% |
| 2008-12-31 | NT$148.27 Billion ≈ $4.67 Billion |
-12.88% |
| 2007-12-31 | NT$170.20 Billion ≈ $5.36 Billion |
+1.43% |
| 2006-12-31 | NT$167.80 Billion ≈ $5.29 Billion |
+5.10% |
| 2005-12-31 | NT$159.66 Billion ≈ $5.03 Billion |
-0.55% |
| 2004-12-31 | NT$160.55 Billion ≈ $5.06 Billion |
+9.61% |
| 2003-12-31 | NT$146.47 Billion ≈ $4.61 Billion |
+5.46% |
| 2002-12-31 | NT$138.89 Billion ≈ $4.38 Billion |
+36.67% |
| 2001-12-31 | NT$101.63 Billion ≈ $3.20 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Fubon Financial Holding 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 grown by 64558996000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$645.59 Billion | 67.88% |
| Common Stock | NT$136.66 Billion | 14.37% |
| Other Comprehensive Income | NT$-6.22 Billion | -0.65% |
| Other Components | NT$175.09 Billion | 18.41% |
| Total Equity | NT$951.13 Billion | 100.00% |
Fubon Financial Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Fubon Financial Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ferrovial S.A.
MC:FER
|
$39.72 Billion |
|
Kia Corp
KO:000270
|
$39.77 Billion |
|
Prudential plc
MX:PUKN
|
$39.83 Billion |
|
ASSA ABLOY AB (publ)
ST:ASSA-B
|
$39.83 Billion |
|
ArcelorMittal SA
AS:MT
|
$39.68 Billion |
|
CTBC Financial Holding Co Ltd Pref
TW:2891B
|
$39.68 Billion |
|
Deutsche Börse AG
XETRA:DB1
|
$39.66 Billion |
|
WuXi AppTec Co Ltd
SHG:603259
|
$39.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fubon Financial Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 802,437,253,000 to 951,125,602,000, a change of 148,688,349,000 (18.5%).
- Net income of 150,820,135,000 contributed positively to equity growth.
- Dividend payments of 36,173,976,000 reduced retained earnings.
- Other comprehensive income decreased equity by 328,701,117,000.
- Other factors increased equity by 362,743,307,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$150.82 Billion | +15.86% |
| Dividends Paid | NT$36.17 Billion | -3.8% |
| Other Comprehensive Income | NT$-328.70 Billion | -34.56% |
| Other Changes | NT$362.74 Billion | +38.14% |
| Total Change | NT$- | 18.53% |
Book Value vs Market Value Analysis
This analysis compares Fubon Financial Holding 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: 1.29x
- 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 5.67x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$15.87 | NT$90.00 | x |
| 2007-12-31 | NT$16.06 | NT$90.00 | x |
| 2008-12-31 | NT$13.93 | NT$90.00 | x |
| 2009-12-31 | NT$20.29 | NT$90.00 | x |
| 2010-12-31 | NT$20.94 | NT$90.00 | x |
| 2011-12-31 | NT$22.42 | NT$90.00 | x |
| 2012-12-31 | NT$27.80 | NT$90.00 | x |
| 2013-12-31 | NT$27.75 | NT$90.00 | x |
| 2014-12-31 | NT$34.52 | NT$90.00 | x |
| 2015-12-31 | NT$31.10 | NT$90.00 | x |
| 2016-12-31 | NT$36.11 | NT$90.00 | x |
| 2017-12-31 | NT$41.32 | NT$90.00 | x |
| 2018-12-31 | NT$38.85 | NT$90.00 | x |
| 2019-12-31 | NT$48.58 | NT$90.00 | x |
| 2020-12-31 | NT$60.98 | NT$90.00 | x |
| 2021-12-31 | NT$75.94 | NT$90.00 | x |
| 2022-12-31 | NT$43.46 | NT$90.00 | x |
| 2023-12-31 | NT$58.72 | NT$90.00 | x |
| 2024-12-31 | NT$69.60 | NT$90.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fubon Financial Holding Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.86%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.31%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 12.69x
- Recent ROE (15.86%) is above the historical average (10.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 9.57% | 12.13% | 0.08x | 9.65x | NT$-668.95 Million |
| 2005 | 6.84% | 6.28% | 0.10x | 10.63x | NT$-4.92 Billion |
| 2006 | 5.14% | 6.92% | 0.07x | 10.55x | NT$-7.95 Billion |
| 2007 | 8.71% | 10.57% | 0.08x | 10.88x | NT$-2.14 Billion |
| 2008 | 7.57% | 5.56% | 0.10x | 13.96x | NT$-3.50 Billion |
| 2009 | 9.56% | 5.58% | 0.12x | 14.68x | NT$-909.18 Million |
| 2010 | 9.16% | 7.64% | 0.08x | 15.87x | NT$-1.83 Billion |
| 2011 | 13.07% | 12.54% | 0.07x | 15.48x | NT$7.17 Billion |
| 2012 | 9.55% | 7.91% | 0.09x | 13.38x | NT$-1.38 Billion |
| 2013 | 12.17% | 10.12% | 0.08x | 14.44x | NT$6.87 Billion |
| 2014 | 14.76% | 15.80% | 0.07x | 13.33x | NT$19.44 Billion |
| 2015 | 17.30% | 14.80% | 0.07x | 16.29x | NT$26.83 Billion |
| 2016 | 11.34% | 11.06% | 0.07x | 14.88x | NT$5.74 Billion |
| 2017 | 11.08% | 13.29% | 0.06x | 14.17x | NT$5.28 Billion |
| 2018 | 10.39% | 11.66% | 0.05x | 16.80x | NT$1.80 Billion |
| 2019 | 9.62% | 13.05% | 0.05x | 14.06x | NT$-2.28 Billion |
| 2020 | 11.83% | 19.09% | 0.05x | 12.12x | NT$13.99 Billion |
| 2021 | 15.22% | 30.10% | 0.05x | 11.06x | NT$49.60 Billion |
| 2022 | 8.30% | 18.40% | 0.02x | 18.72x | NT$-9.64 Billion |
| 2023 | 8.23% | 38.41% | 0.02x | 13.84x | NT$-14.23 Billion |
| 2024 | 15.86% | 17.31% | 0.07x | 12.69x | NT$55.71 Billion |
Industry Comparison
This section compares Fubon Financial Holding Co Ltd's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $289,063,543,750
- Average return on equity (ROE) among peers: 3.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fubon Financial Holding Co Ltd (2881) | NT$957.64 Billion | 9.57% | 11.95x | $39.72 Billion |
| Mercuries Life Insurance Co Ltd (2867) | $39.94 Billion | -23.83% | 37.10x | $1.43 Billion |
| Fubon Financial Holding Co Ltd Pref (2881A) | $488.77 Billion | 11.07% | 13.16x | $20.76 Billion |
| Fubon Financial Holding Co Ltd Pref B (2881B) | $468.83 Billion | 10.18% | 15.46x | $20.18 Billion |
| Cathay Financial Holding Co Ltd (2882) | $191.16 Billion | 11.40% | 15.03x | $35.68 Billion |
| Cathay Financial Holding Co Ltd Pref A (2882A) | $801.45 Billion | 6.35% | 14.98x | $24.53 Billion |
| China Development Financial Holding Corp (2883) | $169.10 Billion | 4.91% | 2.83x | $11.38 Billion |
| Shin Kong Financial Holding Co Ltd (2888) | $135.57 Billion | 3.55% | 22.29x | $6.58 Billion |
| Mercuries & Associates Holding Ltd (2905) | $17.69 Billion | 6.34% | 25.28x | $454.62 Million |
About Fubon Financial Holding Co Ltd
Fubon Financial Holding Co., Ltd. provides various financial services in Taiwan, Asia, and internationally. The company operates through Bank Business, Insurance Business, Life Insurance Business, Securities Business, and Others segments. The company offers insurance products, including property, casualty, life, health, accident, fire, marine cargo, marine hull fishing vessel, motor, liability, e… Read more