First Financial Holding Co Ltd (2892) - Net Assets

Latest as of September 2025: NT$282.05 Billion TWD ≈ $8.89 Billion USD

Based on the latest financial reports, First Financial Holding Co Ltd (2892) has net assets worth NT$282.05 Billion TWD (≈ $8.89 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$4.92 Trillion ≈ $155.00 Billion USD) and total liabilities (NT$4.64 Trillion ≈ $146.11 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 2892 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 2892 total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see First Financial Holding Co Ltd (2892) total market value.

Year Net Assets Change
2024-12-31 NT$267.89 Billion
≈ $8.44 Billion		 +7.83%
2023-12-31 NT$248.44 Billion
≈ $7.83 Billion		 +10.85%
2022-12-31 NT$224.12 Billion
≈ $7.06 Billion		 -0.19%
2021-12-31 NT$224.55 Billion
≈ $7.07 Billion		 +1.51%
2020-12-31 NT$221.21 Billion
≈ $6.97 Billion		 +0.67%
2019-12-31 NT$219.73 Billion
≈ $6.92 Billion		 +7.03%
2018-12-31 NT$205.30 Billion
≈ $6.47 Billion		 +6.90%
2017-12-31 NT$192.05 Billion
≈ $6.05 Billion		 +0.01%
2016-12-31 NT$192.03 Billion
≈ $6.05 Billion		 +2.15%
2015-12-31 NT$187.99 Billion
≈ $5.92 Billion		 +21.77%
2014-12-31 NT$154.38 Billion
≈ $4.86 Billion		 +9.33%
2013-12-31 NT$141.21 Billion
≈ $4.45 Billion		 +6.39%
2012-12-31 NT$132.72 Billion
≈ $4.18 Billion		 +5.35%
2011-12-31 NT$125.99 Billion
≈ $3.97 Billion		 +18.02%
2010-12-31 NT$106.75 Billion
≈ $3.36 Billion		 +4.79%
2009-12-31 NT$101.87 Billion
≈ $3.21 Billion		 +1.77%
2008-12-31 NT$100.10 Billion
≈ $3.15 Billion		 -5.66%
2007-12-31 NT$106.10 Billion
≈ $3.34 Billion		 +4.86%
2006-12-31 NT$101.19 Billion
≈ $3.19 Billion		 +10.79%
2005-12-31 NT$91.33 Billion
≈ $2.88 Billion		 +16.85%
2004-12-31 NT$78.17 Billion
≈ $2.46 Billion		 +14.38%
2003-12-31 NT$68.34 Billion
≈ $2.15 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
Lifco AB (publ)
ST:LIFCO-B
 $13.09 Billion
JBS N.V.
NYSE:JBS
 $13.09 Billion
HMM Co Ltd
KO:011200
 $13.10 Billion
Pentair plc
F:PNT
 $13.11 Billion
Coloplast A/S
CO:COLO-B
 $13.07 Billion
CNH Industrial N.V.
NYSE:CNH
 $13.06 Billion
SOUTH32 Ltd
AU:S32
 $13.05 Billion
Neurocrine Biosciences Inc
NASDAQ:NBIX
 $13.03 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 4.22x 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$28.85 x
2005-12-31 NT$7.98 NT$28.85 x
2006-12-31 NT$8.84 NT$28.85 x
2007-12-31 NT$9.11 NT$28.85 x
2008-12-31 NT$8.52 NT$28.85 x
2009-12-31 NT$8.95 NT$28.85 x
2010-12-31 NT$9.55 NT$28.85 x
2011-12-31 NT$10.91 NT$28.85 x
2012-12-31 NT$10.74 NT$28.85 x
2013-12-31 NT$11.36 NT$28.85 x
2014-12-31 NT$12.75 NT$28.85 x
2015-12-31 NT$14.78 NT$28.85 x
2016-12-31 NT$13.67 NT$28.85 x
2017-12-31 NT$13.67 NT$28.85 x
2018-12-31 NT$14.63 NT$28.85 x
2019-12-31 NT$15.66 NT$28.85 x
2020-12-31 NT$15.77 NT$28.85 x
2021-12-31 NT$16.01 NT$28.85 x
2022-12-31 NT$15.98 NT$28.85 x
2023-12-31 NT$17.70 NT$28.85 x
2024-12-31 NT$19.10 NT$28.85 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: $47,433,185,900
  • Average return on equity (ROE) among peers: 2.69%

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 $13.07 Billion
China Man-Made Fiber Corp (1718) $47.28 Billion 2.29% 10.81x $276.85 Million
Chang Hwa Commercial Bank Ltd (2801) $97.32 Billion 9.29% 15.38x $7.84 Billion
King’s Town Bank (2809) $46.58 Billion 11.79% 5.99x $1.98 Billion
Taichung Commercial Bank Co Ltd (2812) $30.88 Billion 9.91% 15.07x $3.77 Billion
Taiwan Business Bank (2834) $75.82 Billion 6.65% 19.89x $5.01 Billion
Bank of Kaohsiung Ltd (2836) $17.68 Billion 5.15% 15.07x $666.91 Million
Union Bank of Taiwan (2838) $20.58 Billion 1.49% 17.90x $2.74 Billion
Union Bank of Taiwan Pref (2838A) $50.06 Billion 5.91% 11.94x $4.64 Billion
Far Eastern International Bank (2845) $69.85 Billion 5.97% 11.51x $1.88 Billion
EnTie Commercial Bank Ltd (2849) $18.29 Billion -31.57% 14.29x $841.87 Million

About First Financial Holding Co Ltd

TW:2892 Taiwan Banks - Regional
Market Cap
$13.07 Billion
NT$414.85 Billion TWD
Market Cap Rank
#1804 Global
#43 in Taiwan
Share Price
NT$28.85
Change (1 day)
+1.05%
52-Week Range
NT$25.05 - NT$30.75
All Time High
NT$30.75
Categories
Companies in Taiwan Banks - Regional Banking & Financial
About

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