IBF Financial Holdings Co Ltd (2889) - Net Assets

Latest as of September 2025: NT$52.15 Billion TWD ≈ $1.64 Billion USD

Based on the latest financial reports, IBF Financial Holdings Co Ltd (2889) has net assets worth NT$52.15 Billion TWD (≈ $1.64 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$430.16 Billion ≈ $13.55 Billion USD) and total liabilities (NT$378.01 Billion ≈ $11.91 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 IBF Financial Holdings Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore 2889 total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 2889 company net worth.

Year Net Assets Change
2024-12-31 NT$49.45 Billion
≈ $1.56 Billion		 +1.35%
2023-12-31 NT$48.79 Billion
≈ $1.54 Billion		 +15.72%
2022-12-31 NT$42.16 Billion
≈ $1.33 Billion		 -4.57%
2021-12-31 NT$44.18 Billion
≈ $1.39 Billion		 +3.38%
2020-12-31 NT$42.74 Billion
≈ $1.35 Billion		 +7.30%
2019-12-31 NT$39.83 Billion
≈ $1.25 Billion		 +10.27%
2018-12-31 NT$36.12 Billion
≈ $1.14 Billion		 +0.53%
2017-12-31 NT$35.93 Billion
≈ $1.13 Billion		 +2.56%
2016-12-31 NT$35.03 Billion
≈ $1.10 Billion		 +1.89%
2015-12-31 NT$34.38 Billion
≈ $1.08 Billion		 +2.20%
2014-12-31 NT$33.64 Billion
≈ $1.06 Billion		 +4.16%
2013-12-31 NT$32.30 Billion
≈ $1.02 Billion		 +1.21%
2012-12-31 NT$31.91 Billion
≈ $1.01 Billion		 +1.14%
2011-12-31 NT$31.55 Billion
≈ $994.12 Million		 +4.96%
2010-12-31 NT$30.06 Billion
≈ $947.14 Million		 +7.13%
2009-12-31 NT$28.06 Billion
≈ $884.11 Million		 +12.45%
2008-12-31 NT$24.96 Billion
≈ $786.24 Million		 -8.97%
2007-12-31 NT$27.42 Billion
≈ $863.75 Million		 -4.03%
2006-12-31 NT$28.57 Billion
≈ $900.04 Million		 +0.54%
2005-12-31 NT$28.41 Billion
≈ $895.21 Million		 -2.01%
2004-12-31 NT$29.00 Billion
≈ $913.54 Million		 +4.12%
2003-12-31 NT$27.85 Billion
≈ $877.36 Million		 +12.37%
2002-12-31 NT$24.78 Billion
≈ $780.75 Million		 --

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
Attendo AB (publ)
ST:ATT
 $1.66 Billion
SJM HOLDINGS UNSP.ADR/4
F:3MG1
 $1.66 Billion
Guangdong Yizumi Precision Machinery Co Ltd
SHE:300415
 $1.66 Billion
Syndax Pharmaceuticals Inc
NASDAQ:SNDX
 $1.66 Billion
Innoviva Inc
NASDAQ:INVA
 $1.66 Billion
Ola Electric Mobility Ltd
NSE:OLAELEC
 $1.66 Billion
SEAZEN GROUP LTD. HD-001
F:6FLA
 $1.66 Billion
HAMB.H.U.L. UNSP.ADR/1/2
F:HHFB
 $1.66 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: 1.22x
  • 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 1.94x to 1.22x 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$14.50 x
2005-12-31 NT$7.40 NT$14.50 x
2006-12-31 NT$7.42 NT$14.50 x
2007-12-31 NT$7.10 NT$14.50 x
2008-12-31 NT$6.50 NT$14.50 x
2009-12-31 NT$7.62 NT$14.50 x
2010-12-31 NT$8.11 NT$14.50 x
2011-12-31 NT$8.36 NT$14.50 x
2012-12-31 NT$8.43 NT$14.50 x
2013-12-31 NT$8.69 NT$14.50 x
2014-12-31 NT$9.08 NT$14.50 x
2015-12-31 NT$9.36 NT$14.50 x
2016-12-31 NT$9.71 NT$14.50 x
2017-12-31 NT$10.17 NT$14.50 x
2018-12-31 NT$10.28 NT$14.50 x
2019-12-31 NT$11.25 NT$14.50 x
2020-12-31 NT$12.07 NT$14.50 x
2021-12-31 NT$12.28 NT$14.50 x
2022-12-31 NT$11.59 NT$14.50 x
2023-12-31 NT$12.01 NT$14.50 x
2024-12-31 NT$11.88 NT$14.50 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: $14,324,978,111
  • Average return on equity (ROE) among peers: 4.30%

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 $1.66 Billion
China Bills Finance Corp (2820) $22.39 Billion 7.19% 8.27x $710.82 Million
President Securities Corp (2855) $29.81 Billion 2.45% 2.18x $1.80 Billion
Concord International Securities Co Ltd (5864) $3.12 Billion 9.62% 0.15x $408.09 Million
Capital Securities Corp (6005) $32.20 Billion 6.29% 1.60x $1.92 Billion
Horizon Securities Co Ltd (6015) $4.79 Billion -5.32% 1.35x $175.18 Million
Concord Securities Co Ltd (6016) $7.76 Billion 3.04% 3.38x $420.73 Million
Tachan Securities Co Ltd (6020) $3.67 Billion -0.04% 0.23x $153.05 Million
Good Finance Securities Co Ltd (6021) $5.76 Billion 1.84% 1.63x $325.28 Million
Yuanta Futures Co Ltd (6023) $19.44 Billion 13.66% 8.50x $1.00 Billion

About IBF Financial Holdings Co Ltd

TW:2889 Taiwan Capital Markets
Market Cap
$1.66 Billion
NT$52.69 Billion TWD
Market Cap Rank
#6956 Global
#198 in Taiwan
Share Price
NT$14.50
Change (1 day)
-1.69%
52-Week Range
NT$12.10 - NT$17.60
All Time High
NT$17.60
Categories
Companies in Taiwan Capital Markets
About

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