First Financial Holding Co Ltd
First Financial Holding Co., Ltd., through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally. It operates through Banking, Securities, Securities Investment Trust, Insurance, and Other Businesses segments. The company engages in the management of securities investment trust funds and private funds business; life insur… Read more
First Financial Holding Co Ltd (2892) - Net Assets
Latest net assets as of September 2025: NT$282.05 Billion TWD
Based on the latest financial reports, First Financial Holding Co Ltd (2892) has net assets worth NT$282.05 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$4.92 Trillion) and total liabilities (NT$4.64 Trillion). 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$282.05 Billion |
| % of Total Assets | 5.73% |
| Annual Growth Rate | 6.72% |
| 5-Year Change | 21.1% |
| 10-Year Change | 42.5% |
| Growth Volatility | 6.62 |
First Financial Holding Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how First Financial Holding 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 First Financial Holding Co Ltd (2003–2024)
The table below shows the annual net assets of First Financial Holding Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$267.89 Billion | +7.83% |
| 2023-12-31 | NT$248.44 Billion | +10.85% |
| 2022-12-31 | NT$224.12 Billion | -0.19% |
| 2021-12-31 | NT$224.55 Billion | +1.51% |
| 2020-12-31 | NT$221.21 Billion | +0.67% |
| 2019-12-31 | NT$219.73 Billion | +7.03% |
| 2018-12-31 | NT$205.30 Billion | +6.90% |
| 2017-12-31 | NT$192.05 Billion | +0.01% |
| 2016-12-31 | NT$192.03 Billion | +2.15% |
| 2015-12-31 | NT$187.99 Billion | +21.77% |
| 2014-12-31 | NT$154.38 Billion | +9.33% |
| 2013-12-31 | NT$141.21 Billion | +6.39% |
| 2012-12-31 | NT$132.72 Billion | +5.35% |
| 2011-12-31 | NT$125.99 Billion | +18.02% |
| 2010-12-31 | NT$106.75 Billion | +4.79% |
| 2009-12-31 | NT$101.87 Billion | +1.77% |
| 2008-12-31 | NT$100.10 Billion | -5.66% |
| 2007-12-31 | NT$106.10 Billion | +4.86% |
| 2006-12-31 | NT$101.19 Billion | +10.79% |
| 2005-12-31 | NT$91.33 Billion | +16.85% |
| 2004-12-31 | NT$78.17 Billion | +14.38% |
| 2003-12-31 | NT$68.34 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to First 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 4558245900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$45.58 Billion | 17.02% |
| Common Stock | NT$140.29 Billion | 52.37% |
| Other Components | NT$82.02 Billion | 30.62% |
| Total Equity | NT$267.89 Billion | 100.00% |
First Financial Holding Co Ltd Competitors by Market Cap
The table below lists competitors of First Financial Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of Ireland Group PLC
PINK:BKRIF
|
$10.68 Billion |
|
Eicher Motors Limited
NSE:EICHERMOT
|
$10.70 Billion |
|
GF Securities Co Ltd
SHE:000776
|
$10.71 Billion |
|
BorgWarner Inc
NYSE:BWA
|
$10.71 Billion |
|
China Galaxy Securities Co Ltd Class A
SHG:601881
|
$10.64 Billion |
|
Luzhou Lao Jiao Co Ltd
SHE:000568
|
$10.63 Billion |
|
Karman Holdings Inc.
NYSE:KRMN
|
$10.63 Billion |
|
Western Midstream Partners LP
NYSE:WES
|
$10.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Financial Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 248,444,398,000 to 267,885,907,000, a change of 19,441,509,000 (7.8%).
- Net income of 25,359,450,000 contributed positively to equity growth.
- Dividend payments of 11,577,123,000 reduced retained earnings.
- New share issuances of 28,000 increased equity.
- Other comprehensive income decreased equity by 17,203,481,000.
- Other factors increased equity by 22,862,635,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$25.36 Billion | +9.47% |
| Dividends Paid | NT$11.58 Billion | -4.32% |
| Share Issuances | NT$28.00K | +0.0% |
| Other Comprehensive Income | NT$-17.20 Billion | -6.42% |
| Other Changes | NT$22.86 Billion | +8.53% |
| Total Change | NT$- | 7.83% |
Book Value vs Market Value Analysis
This analysis compares First 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: 1.51x
- 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 4.23x to 1.51x 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$6.83 | NT$28.90 | x |
| 2005-12-31 | NT$7.98 | NT$28.90 | x |
| 2006-12-31 | NT$8.84 | NT$28.90 | x |
| 2007-12-31 | NT$9.11 | NT$28.90 | x |
| 2008-12-31 | NT$8.52 | NT$28.90 | x |
| 2009-12-31 | NT$8.95 | NT$28.90 | x |
| 2010-12-31 | NT$9.55 | NT$28.90 | x |
| 2011-12-31 | NT$10.91 | NT$28.90 | x |
| 2012-12-31 | NT$10.74 | NT$28.90 | x |
| 2013-12-31 | NT$11.36 | NT$28.90 | x |
| 2014-12-31 | NT$12.75 | NT$28.90 | x |
| 2015-12-31 | NT$14.78 | NT$28.90 | x |
| 2016-12-31 | NT$13.67 | NT$28.90 | x |
| 2017-12-31 | NT$13.67 | NT$28.90 | x |
| 2018-12-31 | NT$14.63 | NT$28.90 | x |
| 2019-12-31 | NT$15.66 | NT$28.90 | x |
| 2020-12-31 | NT$15.77 | NT$28.90 | x |
| 2021-12-31 | NT$16.01 | NT$28.90 | x |
| 2022-12-31 | NT$15.98 | NT$28.90 | x |
| 2023-12-31 | NT$17.70 | NT$28.90 | x |
| 2024-12-31 | NT$19.10 | NT$28.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First 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): 9.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.06%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 17.56x
- Recent ROE (9.47%) is above the historical average (8.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 13.17% | 14.71% | 0.05x | 19.22x | NT$2.48 Billion |
| 2005 | 15.52% | 26.80% | 0.03x | 16.81x | NT$5.04 Billion |
| 2006 | 10.54% | 18.60% | 0.04x | 15.82x | NT$543.04 Million |
| 2007 | 11.94% | 18.83% | 0.04x | 16.01x | NT$2.04 Billion |
| 2008 | 7.43% | 10.56% | 0.04x | 18.10x | NT$-2.55 Billion |
| 2009 | 2.75% | 7.26% | 0.02x | 19.39x | NT$-7.33 Billion |
| 2010 | 6.63% | 17.61% | 0.02x | 19.33x | NT$-3.57 Billion |
| 2011 | 6.07% | 17.63% | 0.02x | 16.66x | NT$-4.93 Billion |
| 2012 | 7.74% | 21.70% | 0.02x | 16.08x | NT$-2.99 Billion |
| 2013 | 7.74% | 22.64% | 0.02x | 16.08x | NT$-3.18 Billion |
| 2014 | 9.15% | 28.85% | 0.02x | 15.30x | NT$-1.31 Billion |
| 2015 | 8.53% | 28.83% | 0.02x | 13.32x | NT$-2.76 Billion |
| 2016 | 9.05% | 30.10% | 0.02x | 13.25x | NT$-1.82 Billion |
| 2017 | 8.07% | 23.93% | 0.02x | 13.73x | NT$-3.70 Billion |
| 2018 | 8.44% | 21.92% | 0.03x | 14.30x | NT$-3.20 Billion |
| 2019 | 8.81% | 22.46% | 0.03x | 14.45x | NT$-2.60 Billion |
| 2020 | 7.60% | 22.38% | 0.02x | 15.80x | NT$-5.31 Billion |
| 2021 | 8.79% | 27.30% | 0.02x | 16.65x | NT$-2.72 Billion |
| 2022 | 9.19% | 21.60% | 0.02x | 18.55x | NT$-1.82 Billion |
| 2023 | 9.04% | 16.29% | 0.03x | 17.83x | NT$-2.38 Billion |
| 2024 | 9.47% | 16.06% | 0.03x | 17.56x | NT$-1.43 Billion |
Industry Comparison
This section compares First Financial Holding Co Ltd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $48,724,328,300
- Average return on equity (ROE) among peers: 7.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Financial Holding Co Ltd (2892) | NT$282.05 Billion | 13.17% | 16.44x | $10.67 Billion |
| China Man-Made Fiber Corp (1718) | $18.97 Billion | 18.39% | 0.40x | $218.37 Million |
| Chang Hwa Commercial Bank Ltd (2801) | $119.24 Billion | 9.14% | 14.23x | $5.10 Billion |
| King’s Town Bank (2809) | $46.58 Billion | 11.79% | 5.99x | $1.04 Billion |
| Taichung Commercial Bank Co Ltd (2812) | $19.42 Billion | 2.12% | 16.53x | $2.48 Billion |
| Taiwan Business Bank (2834) | $75.82 Billion | 6.65% | 19.89x | $3.23 Billion |
| Bank of Kaohsiung Ltd (2836) | $14.45 Billion | 3.32% | 17.55x | $258.57 Million |
| Union Bank of Taiwan (2838) | $16.54 Billion | 0.42% | 10.20x | $607.02 Million |
| Far Eastern International Bank (2845) | $61.25 Billion | 7.02% | 12.93x | $1.51 Billion |
| EnTie Commercial Bank Ltd (2849) | $25.23 Billion | 10.47% | 12.80x | $152.68 Million |
| Hua Nan Financial Holdings Co Ltd (2880) | $89.75 Billion | 10.18% | 18.06x | $10.28 Billion |