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$997.81 Billion TWD (≈ $31.44 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$12.84 Trillion ≈ $404.65 Billion USD) and total liabilities (NT$11.85 Trillion ≈ $373.21 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 2881 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$997.81 Billion |
| % of Total Assets | 7.77% |
| Annual Growth Rate | 9.99% |
| 5-Year Change | 1.42% |
| 10-Year Change | 133.62% |
| Growth Volatility | 19.31 |
Fubon Financial Holding Co Ltd - Net Assets Trend (2001–2025)
This chart illustrates how Fubon Financial Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Fubon Financial Holding Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fubon Financial Holding Co Ltd (2001–2025)
The table below shows the annual net assets of Fubon Financial Holding Co Ltd from 2001 to 2025. For live valuation and market cap data, see 2881 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$997.81 Billion ≈ $31.44 Billion |
+3.31% |
| 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 46952229600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$469.52 Billion | 47.78% |
| Common Stock | NT$140.07 Billion | 14.26% |
| Other Comprehensive Income | NT$209.68 Billion | 21.34% |
| Other Components | NT$163.30 Billion | 16.62% |
| Total Equity | NT$982.58 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 |
|---|---|
|
MPLX LP
NYSE:MPLX
|
$56.92 Billion |
|
Imperial Oil Ltd
TO:IMO
|
$57.69 Billion |
|
Realty Income Corporation
NYSE:O
|
$57.74 Billion |
|
Elite Material Co Ltd
TW:2383
|
$57.80 Billion |
|
WW Grainger Inc
NYSE:GWW
|
$56.83 Billion |
|
Aon PLC
F:4VK
|
$56.77 Billion |
|
PING AN INSURANC.H ADR/2
F:PZXB
|
$56.60 Billion |
|
HONGK.EXCH.+CLEA.UNSP.ADR
F:HK2
|
$56.49 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 2024 to 2025, total equity changed from 951,125,602,000 to 982,581,684,000, a change of 31,456,082,000 (3.3%).
- Net income of 120,943,979,000 contributed positively to equity growth.
- Dividend payments of 61,768,548,000 reduced retained earnings.
- Other comprehensive income increased equity by 215,898,232,000.
- Other factors decreased equity by 243,617,581,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$120.94 Billion | +12.31% |
| Dividends Paid | NT$61.77 Billion | -6.29% |
| Other Comprehensive Income | NT$215.90 Billion | +21.97% |
| Other Changes | NT$-243.62 Billion | -24.79% |
| Total Change | NT$- | 3.31% |
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: 1.94x
- 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 8.32x to 1.94x 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$132.00 | x |
| 2007-12-31 | NT$16.06 | NT$132.00 | x |
| 2008-12-31 | NT$13.93 | NT$132.00 | x |
| 2009-12-31 | NT$20.29 | NT$132.00 | x |
| 2010-12-31 | NT$20.94 | NT$132.00 | x |
| 2011-12-31 | NT$22.42 | NT$132.00 | x |
| 2012-12-31 | NT$27.80 | NT$132.00 | x |
| 2013-12-31 | NT$27.75 | NT$132.00 | x |
| 2014-12-31 | NT$34.52 | NT$132.00 | x |
| 2015-12-31 | NT$31.10 | NT$132.00 | x |
| 2016-12-31 | NT$36.11 | NT$132.00 | x |
| 2017-12-31 | NT$41.32 | NT$132.00 | x |
| 2018-12-31 | NT$38.85 | NT$132.00 | x |
| 2019-12-31 | NT$48.58 | NT$132.00 | x |
| 2020-12-31 | NT$60.98 | NT$132.00 | x |
| 2021-12-31 | NT$75.94 | NT$132.00 | x |
| 2022-12-31 | NT$43.46 | NT$132.00 | x |
| 2023-12-31 | NT$58.72 | NT$132.00 | x |
| 2024-12-31 | NT$69.60 | NT$132.00 | x |
| 2025-12-31 | NT$68.00 | NT$132.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fubon Financial Holding Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 63.52%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 13.07x
- Recent ROE (12.31%) is above the historical average (10.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 9.57% | 12.13% | 0.08x | 9.65x | NT$-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 |
| 2025 | 12.31% | 63.52% | 0.01x | 13.07x | NT$22.69 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: $352,362,769,500
- Average return on equity (ROE) among peers: 8.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fubon Financial Holding Co Ltd (2881) | NT$997.81 Billion | 9.57% | 11.87x | $56.83 Billion |
| Mercuries Life Insurance Co Ltd (2867) | $26.09 Billion | 9.25% | 29.76x | $1.59 Billion |
| Fubon Financial Holding Co Ltd Pref (2881A) | $997.81 Billion | 12.12% | 11.90x | $20.60 Billion |
| Fubon Financial Holding Co Ltd Pref B (2881B) | $573.61 Billion | 8.18% | 17.46x | $20.18 Billion |
| Cathay Financial Holding Co Ltd (2882) | $110.90 Billion | 11.80% | 17.81x | $50.61 Billion |
| Cathay Financial Holding Co Ltd Pref A (2882A) | $914.04 Billion | 15.26% | 11.68x | $24.41 Billion |
| China Development Financial Holding Corp (2883) | $165.84 Billion | 3.03% | 1.95x | $15.73 Billion |
| Shin Kong Financial Holding Co Ltd (2888) | $18.26 Billion | 0.00% | 32.29x | $6.58 Billion |
| Mercuries & Associates Holding Ltd (2905) | $12.36 Billion | 8.81% | 41.05x | $507.72 Million |
About Fubon Financial Holding Co Ltd
Fubon Financial Holding Co., Ltd. provides various financial products and services in Taiwan, Asia, and internationally. It operates through Banking Business, Property Insurance Business, Life Insurance Business, Securities Business, and Others segments. The company offers insurance products, including property, casualty, life, health, accident, fire, transportation, fishing vessel, car, liabilit… Read more