IBF Financial Holdings Co Ltd
IBF Financial Holdings Co., Ltd., through its subsidiaries, provides various financial products and services for individual and corporate clients primarily in Taiwan. The company engages in the brokerage and proprietary trading of short-term bills and bonds; underwriting, certification, endorsements, and guarantee of short-term bills; trading and underwriting securities, such as commercial papers… Read more
IBF Financial Holdings Co Ltd (2889) - Net Assets
Latest net assets as of September 2025: NT$52.15 Billion TWD
Based on the latest financial reports, IBF Financial Holdings Co Ltd (2889) has net assets worth NT$52.15 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$430.16 Billion) and total liabilities (NT$378.01 Billion). 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$52.15 Billion |
| % of Total Assets | 12.12% |
| Annual Growth Rate | 3.19% |
| 5-Year Change | 15.71% |
| 10-Year Change | 43.84% |
| Growth Volatility | 5.76 |
IBF Financial Holdings Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how IBF Financial Holdings 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 IBF Financial Holdings Co Ltd (2002–2024)
The table below shows the annual net assets of IBF Financial Holdings Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$49.45 Billion | +1.35% |
| 2023-12-31 | NT$48.79 Billion | +15.72% |
| 2022-12-31 | NT$42.16 Billion | -4.57% |
| 2021-12-31 | NT$44.18 Billion | +3.38% |
| 2020-12-31 | NT$42.74 Billion | +7.30% |
| 2019-12-31 | NT$39.83 Billion | +10.27% |
| 2018-12-31 | NT$36.12 Billion | +0.53% |
| 2017-12-31 | NT$35.93 Billion | +2.56% |
| 2016-12-31 | NT$35.03 Billion | +1.89% |
| 2015-12-31 | NT$34.38 Billion | +2.20% |
| 2014-12-31 | NT$33.64 Billion | +4.16% |
| 2013-12-31 | NT$32.30 Billion | +1.21% |
| 2012-12-31 | NT$31.91 Billion | +1.14% |
| 2011-12-31 | NT$31.55 Billion | +4.96% |
| 2010-12-31 | NT$30.06 Billion | +7.13% |
| 2009-12-31 | NT$28.06 Billion | +12.45% |
| 2008-12-31 | NT$24.96 Billion | -8.97% |
| 2007-12-31 | NT$27.42 Billion | -4.03% |
| 2006-12-31 | NT$28.57 Billion | +0.54% |
| 2005-12-31 | NT$28.41 Billion | -2.01% |
| 2004-12-31 | NT$29.00 Billion | +4.12% |
| 2003-12-31 | NT$27.85 Billion | +12.37% |
| 2002-12-31 | NT$24.78 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to IBF Financial Holdings 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 230459000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.30 Billion | 5.49% |
| Common Stock | NT$35.32 Billion | 84.15% |
| Other Comprehensive Income | NT$3.97 Billion | 9.45% |
| Other Components | NT$381.62 Million | 0.91% |
| Total Equity | NT$41.98 Billion | 100.00% |
IBF Financial Holdings Co Ltd Competitors by Market Cap
The table below lists competitors of IBF Financial Holdings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arcplus Group PLC
SHG:600629
|
$1.41 Billion |
|
Guangzhou Baiyun International Airport Co Ltd
SHG:600004
|
$1.41 Billion |
|
Guangdong Shenling Environmental Systems Co. Ltd.
SHE:301018
|
$1.41 Billion |
|
ANI Pharmaceuticals Inc
NASDAQ:ANIP
|
$1.41 Billion |
|
Eternal Materials Co Ltd
TW:1717
|
$1.41 Billion |
|
Sterling Check Corp
NASDAQ:STER
|
$1.41 Billion |
|
Huaxi Securities Co Ltd Class A
SHE:002926
|
$1.41 Billion |
|
Fibra Mty S.A.P.I. de C.V.
MX:FMTY14
|
$1.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IBF Financial Holdings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 42,138,940,000 to 41,976,301,000, a change of -162,639,000 (-0.4%).
- Net income of 2,171,129,000 contributed positively to equity growth.
- Dividend payments of 2,516,590,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,197,306,000.
- Other factors decreased equity by 3,014,484,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.17 Billion | +5.17% |
| Dividends Paid | NT$2.52 Billion | -6.0% |
| Other Comprehensive Income | NT$3.20 Billion | +7.62% |
| Other Changes | NT$-3.01 Billion | -7.18% |
| Total Change | NT$- | -0.39% |
Book Value vs Market Value Analysis
This analysis compares IBF Financial Holdings 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: 1.37x
- 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 2.18x to 1.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$7.48 | NT$16.30 | x |
| 2005-12-31 | NT$7.40 | NT$16.30 | x |
| 2006-12-31 | NT$7.42 | NT$16.30 | x |
| 2007-12-31 | NT$7.10 | NT$16.30 | x |
| 2008-12-31 | NT$6.50 | NT$16.30 | x |
| 2009-12-31 | NT$7.62 | NT$16.30 | x |
| 2010-12-31 | NT$8.11 | NT$16.30 | x |
| 2011-12-31 | NT$8.36 | NT$16.30 | x |
| 2012-12-31 | NT$8.43 | NT$16.30 | x |
| 2013-12-31 | NT$8.69 | NT$16.30 | x |
| 2014-12-31 | NT$9.08 | NT$16.30 | x |
| 2015-12-31 | NT$9.36 | NT$16.30 | x |
| 2016-12-31 | NT$9.71 | NT$16.30 | x |
| 2017-12-31 | NT$10.17 | NT$16.30 | x |
| 2018-12-31 | NT$10.28 | NT$16.30 | x |
| 2019-12-31 | NT$11.25 | NT$16.30 | x |
| 2020-12-31 | NT$12.07 | NT$16.30 | x |
| 2021-12-31 | NT$12.28 | NT$16.30 | x |
| 2022-12-31 | NT$11.59 | NT$16.30 | x |
| 2023-12-31 | NT$12.01 | NT$16.30 | x |
| 2024-12-31 | NT$11.88 | NT$16.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IBF Financial Holdings 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): 5.17%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.26%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 9.62x
- Recent ROE (5.17%) is below the historical average (6.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 12.14% | 41.22% | 0.17x | 1.75x | NT$510.11 Million |
| 2004 | 13.06% | 49.28% | 0.03x | 8.78x | NT$763.24 Million |
| 2005 | 11.10% | 39.32% | 0.03x | 10.30x | NT$269.71 Million |
| 2006 | 7.34% | 24.47% | 0.03x | 9.89x | NT$-655.70 Million |
| 2007 | 6.93% | 21.43% | 0.03x | 10.41x | NT$-725.69 Million |
| 2008 | -12.99% | -117.34% | 0.01x | 8.45x | NT$-4.92 Billion |
| 2009 | 10.86% | 36.30% | 0.04x | 7.65x | NT$208.33 Million |
| 2010 | 8.39% | 37.55% | 0.03x | 8.09x | NT$-421.18 Million |
| 2011 | 5.58% | 23.63% | 0.03x | 7.79x | NT$-1.22 Billion |
| 2012 | 5.18% | 26.23% | 0.03x | 7.24x | NT$-1.35 Billion |
| 2013 | 4.77% | 27.19% | 0.02x | 7.73x | NT$-1.48 Billion |
| 2014 | 5.86% | 30.42% | 0.03x | 7.51x | NT$-1.23 Billion |
| 2015 | 5.15% | 26.80% | 0.02x | 8.57x | NT$-1.47 Billion |
| 2016 | 6.82% | 36.46% | 0.02x | 8.28x | NT$-983.26 Million |
| 2017 | 7.34% | 35.63% | 0.02x | 8.35x | NT$-860.06 Million |
| 2018 | 6.23% | 31.16% | 0.02x | 8.57x | NT$-1.22 Billion |
| 2019 | 7.37% | 30.24% | 0.03x | 8.03x | NT$-938.98 Million |
| 2020 | 8.49% | 33.25% | 0.03x | 8.28x | NT$-575.79 Million |
| 2021 | 9.99% | 35.42% | 0.03x | 9.00x | NT$-2.84 Million |
| 2022 | 3.51% | 15.57% | 0.02x | 9.77x | NT$-2.38 Billion |
| 2023 | 4.75% | 16.67% | 0.03x | 8.64x | NT$-2.21 Billion |
| 2024 | 5.17% | 15.26% | 0.04x | 9.62x | NT$-2.03 Billion |
Industry Comparison
This section compares IBF Financial Holdings Co Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $7,800,082,111
- Average return on equity (ROE) among peers: 6.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IBF Financial Holdings Co Ltd (2889) | NT$52.15 Billion | 12.14% | 7.25x | $1.41 Billion |
| China Bills Finance Corp (2820) | $24.93 Billion | 5.17% | 7.92x | $444.53 Million |
| President Securities Corp (2855) | $17.26 Billion | -3.07% | 1.06x | $842.90 Million |
| SysJust Co., Ltd. (3158) | $577.08 Million | 26.94% | 0.47x | $48.00 Million |
| Concord International Securities Co Ltd (5864) | $2.84 Billion | 0.99% | 0.44x | $197.05 Million |
| Tachan Securities Co Ltd (6020) | $4.00 Billion | 2.90% | 0.51x | $23.61 Million |
| Good Finance Securities Co Ltd (6021) | $4.96 Billion | 3.97% | 0.40x | $103.80 Million |
| Yuanta Futures Co Ltd (6023) | $6.78 Billion | 11.47% | 7.39x | $311.36 Million |
| Capital Futures Corp (6024) | $6.27 Billion | 7.81% | 6.43x | $171.88 Million |
| Grand Fortune Securities Co Ltd (6026) | $2.58 Billion | 5.15% | 0.38x | $132.94 Million |