Far Eastern Department Stores Ltd
Far Eastern Department Stores, Ltd., together with its subsidiaries, operates department stores and supermarkets in Taiwan. The company offers various products, including general merchandise, silk nylon, cotton cloths, candies cookies, cans, entertainment appliances, hardware, furniture, decorations, handmade products, stationery, library appliances, CD/DVD, camera appliances, children toys, shoe… Read more
Far Eastern Department Stores Ltd (2903) - Net Assets
Latest net assets as of September 2025: NT$35.71 Billion TWD
Based on the latest financial reports, Far Eastern Department Stores Ltd (2903) has net assets worth NT$35.71 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$134.44 Billion) and total liabilities (NT$98.73 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$35.71 Billion |
| % of Total Assets | 26.56% |
| Annual Growth Rate | 3.07% |
| 5-Year Change | -6.03% |
| 10-Year Change | 1.46% |
| Growth Volatility | 10.52 |
Far Eastern Department Stores Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Far Eastern Department Stores 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 Far Eastern Department Stores Ltd (2000–2024)
The table below shows the annual net assets of Far Eastern Department Stores Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$37.39 Billion | -0.22% |
| 2023-12-31 | NT$37.47 Billion | -7.58% |
| 2022-12-31 | NT$40.55 Billion | +1.79% |
| 2021-12-31 | NT$39.84 Billion | +0.12% |
| 2020-12-31 | NT$39.79 Billion | +2.27% |
| 2019-12-31 | NT$38.90 Billion | +3.22% |
| 2018-12-31 | NT$37.69 Billion | +2.26% |
| 2017-12-31 | NT$36.86 Billion | +1.14% |
| 2016-12-31 | NT$36.44 Billion | -1.11% |
| 2015-12-31 | NT$36.85 Billion | -6.58% |
| 2014-12-31 | NT$39.45 Billion | +7.99% |
| 2013-12-31 | NT$36.53 Billion | +4.11% |
| 2012-12-31 | NT$35.09 Billion | +3.30% |
| 2011-12-31 | NT$33.96 Billion | +6.17% |
| 2010-12-31 | NT$31.99 Billion | +8.02% |
| 2009-12-31 | NT$29.62 Billion | +14.52% |
| 2008-12-31 | NT$25.86 Billion | -14.71% |
| 2007-12-31 | NT$30.32 Billion | +12.99% |
| 2006-12-31 | NT$26.83 Billion | +14.82% |
| 2005-12-31 | NT$23.37 Billion | +7.51% |
| 2004-12-31 | NT$21.74 Billion | +38.93% |
| 2003-12-31 | NT$15.65 Billion | +6.98% |
| 2002-12-31 | NT$14.63 Billion | -10.51% |
| 2001-12-31 | NT$16.34 Billion | -9.70% |
| 2000-12-31 | NT$18.10 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Far Eastern Department Stores 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 50.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.03 Billion | 9.60% |
| Common Stock | NT$14.17 Billion | 44.89% |
| Other Comprehensive Income | NT$11.12 Billion | 35.23% |
| Other Components | NT$3.25 Billion | 10.28% |
| Total Equity | NT$31.57 Billion | 100.00% |
Far Eastern Department Stores Ltd Competitors by Market Cap
The table below lists competitors of Far Eastern Department Stores Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aussie Broadband Ltd
AU:ABB
|
$698.63 Million |
|
MLOptic Corp. A
SHG:688502
|
$698.89 Million |
|
Shenzhen Injoinic Technology Co. Ltd. A
SHG:688209
|
$698.92 Million |
|
Sansure Biotech Inc
SHG:688289
|
$699.08 Million |
|
CBL & Associates Properties Inc
NYSE:CBL
|
$698.15 Million |
|
Telekom Austria AG
VI:TKA
|
$698.09 Million |
|
CP Axtra Public Company Limited
BK:CPAXT
|
$697.92 Million |
|
Scholastic Corporation
NASDAQ:SCHL
|
$697.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Far Eastern Department Stores Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,322,486,000 to 31,565,826,000, a change of 243,340,000 (0.8%).
- Net income of 2,325,717,000 contributed positively to equity growth.
- Dividend payments of 2,268,308,000 reduced retained earnings.
- Other comprehensive income increased equity by 5,877,289,000.
- Other factors decreased equity by 5,691,358,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.33 Billion | +7.37% |
| Dividends Paid | NT$2.27 Billion | -7.19% |
| Other Comprehensive Income | NT$5.88 Billion | +18.62% |
| Other Changes | NT$-5.69 Billion | -18.03% |
| Total Change | NT$- | 0.78% |
Book Value vs Market Value Analysis
This analysis compares Far Eastern Department Stores 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: 1.04x
- 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 1.88x to 1.04x 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$12.35 | NT$23.25 | x |
| 2005-12-31 | NT$13.11 | NT$23.25 | x |
| 2006-12-31 | NT$14.96 | NT$23.25 | x |
| 2007-12-31 | NT$18.28 | NT$23.25 | x |
| 2008-12-31 | NT$15.47 | NT$23.25 | x |
| 2009-12-31 | NT$17.07 | NT$23.25 | x |
| 2010-12-31 | NT$18.25 | NT$23.25 | x |
| 2011-12-31 | NT$19.10 | NT$23.25 | x |
| 2012-12-31 | NT$19.92 | NT$23.25 | x |
| 2013-12-31 | NT$20.60 | NT$23.25 | x |
| 2014-12-31 | NT$22.07 | NT$23.25 | x |
| 2015-12-31 | NT$20.43 | NT$23.25 | x |
| 2016-12-31 | NT$20.26 | NT$23.25 | x |
| 2017-12-31 | NT$20.51 | NT$23.25 | x |
| 2018-12-31 | NT$20.88 | NT$23.25 | x |
| 2019-12-31 | NT$21.79 | NT$23.25 | x |
| 2020-12-31 | NT$22.07 | NT$23.25 | x |
| 2021-12-31 | NT$21.99 | NT$23.25 | x |
| 2022-12-31 | NT$22.32 | NT$23.25 | x |
| 2023-12-31 | NT$22.14 | NT$23.25 | x |
| 2024-12-31 | NT$22.33 | NT$23.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Far Eastern Department Stores 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): 7.37%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.64%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 4.51x
- Recent ROE (7.37%) is above the historical average (5.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.89% | 5.88% | 0.82x | 2.45x | NT$301.63 Million |
| 2001 | 0.06% | 0.03% | 0.77x | 2.83x | NT$-1.45 Billion |
| 2003 | 1.93% | 0.43% | 0.94x | 4.79x | NT$-1.26 Billion |
| 2004 | 8.59% | 1.99% | 0.97x | 4.45x | NT$-242.86 Million |
| 2005 | 5.30% | 1.26% | 0.99x | 4.26x | NT$-859.51 Million |
| 2006 | 2.81% | 0.74% | 0.97x | 3.93x | NT$-1.50 Billion |
| 2007 | 6.62% | 1.82% | 1.06x | 3.44x | NT$-820.60 Million |
| 2008 | 1.39% | 1.36% | 0.26x | 3.99x | NT$-1.78 Billion |
| 2009 | 7.96% | 1.94% | 1.09x | 3.77x | NT$-494.90 Million |
| 2010 | 9.86% | 2.38% | 1.09x | 3.82x | NT$-37.17 Million |
| 2011 | 7.82% | 1.87% | 1.02x | 4.09x | NT$-597.19 Million |
| 2012 | 5.62% | 1.28% | 1.10x | 4.01x | NT$-1.25 Billion |
| 2013 | 7.39% | 4.68% | 0.42x | 3.77x | NT$-771.02 Million |
| 2014 | 4.83% | 3.33% | 0.41x | 3.53x | NT$-1.64 Billion |
| 2015 | 5.86% | 3.81% | 0.42x | 3.64x | NT$-1.21 Billion |
| 2016 | 3.96% | 2.61% | 0.41x | 3.71x | NT$-1.73 Billion |
| 2017 | 5.30% | 3.73% | 0.39x | 3.65x | NT$-1.36 Billion |
| 2018 | 4.46% | 3.36% | 0.38x | 3.51x | NT$-1.63 Billion |
| 2019 | 5.79% | 4.70% | 0.29x | 4.24x | NT$-1.30 Billion |
| 2020 | 6.22% | 5.20% | 0.29x | 4.12x | NT$-1.18 Billion |
| 2021 | 3.89% | 3.42% | 0.27x | 4.21x | NT$-1.90 Billion |
| 2022 | 6.12% | 5.38% | 0.28x | 4.02x | NT$-1.22 Billion |
| 2023 | 8.79% | 7.49% | 0.27x | 4.27x | NT$-379.95 Million |
| 2024 | 7.37% | 6.64% | 0.25x | 4.51x | NT$-830.87 Million |
Industry Comparison
This section compares Far Eastern Department Stores Ltd's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $3,427,474,286
- Average return on equity (ROE) among peers: 8.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Far Eastern Department Stores Ltd (2903) | NT$35.71 Billion | 11.89% | 2.76x | $698.42 Million |
| First Steamship Co Ltd (2601) | $10.66 Billion | -10.19% | 2.36x | $133.86 Million |
| Tonlin Department Store Co Ltd (2910) | $1.97 Billion | 13.53% | 0.60x | $16.98 Million |
| Eslite Spectrum (2926) | $616.82 Million | 2.08% | 25.31x | $21.23 Million |
| Jing-Jan Retail Business Co., Ltd. (2942) | $1.08 Billion | 10.36% | 5.38x | $10.95 Million |
| Taiwan FamilyMart Co Ltd (5903) | $4.94 Billion | 26.21% | 3.68x | $198.91 Million |
| Poya International Co Ltd (5904) | $1.28 Billion | 15.22% | 1.24x | $1.03 Billion |
| Grand Ocean Retail Group Ltd (5907) | $3.44 Billion | 0.00% | 2.16x | $19.36 Million |