Far Eastern Department Stores Ltd (2903) - Net Assets

Latest as of September 2025: NT$35.71 Billion TWD ≈ $1.13 Billion USD

Based on the latest financial reports, Far Eastern Department Stores Ltd (2903) has net assets worth NT$35.71 Billion TWD (≈ $1.13 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$134.44 Billion ≈ $4.24 Billion USD) and total liabilities (NT$98.73 Billion ≈ $3.11 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 2903 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Far Eastern Department Stores Ltd total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Far Eastern Department Stores Ltd (2903) total market value.

Year Net Assets Change
2024-12-31 NT$37.39 Billion
≈ $1.18 Billion		 -0.22%
2023-12-31 NT$37.47 Billion
≈ $1.18 Billion		 -7.58%
2022-12-31 NT$40.55 Billion
≈ $1.28 Billion		 +1.79%
2021-12-31 NT$39.84 Billion
≈ $1.26 Billion		 +0.12%
2020-12-31 NT$39.79 Billion
≈ $1.25 Billion		 +2.27%
2019-12-31 NT$38.90 Billion
≈ $1.23 Billion		 +3.22%
2018-12-31 NT$37.69 Billion
≈ $1.19 Billion		 +2.26%
2017-12-31 NT$36.86 Billion
≈ $1.16 Billion		 +1.14%
2016-12-31 NT$36.44 Billion
≈ $1.15 Billion		 -1.11%
2015-12-31 NT$36.85 Billion
≈ $1.16 Billion		 -6.58%
2014-12-31 NT$39.45 Billion
≈ $1.24 Billion		 +7.99%
2013-12-31 NT$36.53 Billion
≈ $1.15 Billion		 +4.11%
2012-12-31 NT$35.09 Billion
≈ $1.11 Billion		 +3.30%
2011-12-31 NT$33.96 Billion
≈ $1.07 Billion		 +6.17%
2010-12-31 NT$31.99 Billion
≈ $1.01 Billion		 +8.02%
2009-12-31 NT$29.62 Billion
≈ $933.08 Million		 +14.52%
2008-12-31 NT$25.86 Billion
≈ $814.76 Million		 -14.71%
2007-12-31 NT$30.32 Billion
≈ $955.26 Million		 +12.99%
2006-12-31 NT$26.83 Billion
≈ $845.42 Million		 +14.82%
2005-12-31 NT$23.37 Billion
≈ $736.27 Million		 +7.51%
2004-12-31 NT$21.74 Billion
≈ $684.86 Million		 +38.93%
2003-12-31 NT$15.65 Billion
≈ $492.94 Million		 +6.98%
2002-12-31 NT$14.63 Billion
≈ $460.78 Million		 -10.51%
2001-12-31 NT$16.34 Billion
≈ $514.88 Million		 -9.70%
2000-12-31 NT$18.10 Billion
≈ $570.16 Million		 --

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
Hana Materials Inc
KQ:166090
 $986.95 Million
Queclink Wireless Solutions Co Ltd
SHE:300590
 $987.30 Million
Chongqing Lummy Pharmaceutical
SHE:300006
 $987.34 Million
Cymbria Corporation
TO:CYB
 $987.87 Million
Guangdong LingXiao Pump Industry Co Ltd
SHE:002884
 $985.04 Million
MFA Financial Inc
NYSE:MFA
 $984.59 Million
Uroica Mining Safety Eng
SHE:300099
 $983.91 Million
Dongguan Kingsun Optoelectronic Co Ltd
SHE:002638
 $983.82 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: 0.99x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 1.80x to 0.99x 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$22.20 x
2005-12-31 NT$13.11 NT$22.20 x
2006-12-31 NT$14.96 NT$22.20 x
2007-12-31 NT$18.28 NT$22.20 x
2008-12-31 NT$15.47 NT$22.20 x
2009-12-31 NT$17.07 NT$22.20 x
2010-12-31 NT$18.25 NT$22.20 x
2011-12-31 NT$19.10 NT$22.20 x
2012-12-31 NT$19.92 NT$22.20 x
2013-12-31 NT$20.60 NT$22.20 x
2014-12-31 NT$22.07 NT$22.20 x
2015-12-31 NT$20.43 NT$22.20 x
2016-12-31 NT$20.26 NT$22.20 x
2017-12-31 NT$20.51 NT$22.20 x
2018-12-31 NT$20.88 NT$22.20 x
2019-12-31 NT$21.79 NT$22.20 x
2020-12-31 NT$22.07 NT$22.20 x
2021-12-31 NT$21.99 NT$22.20 x
2022-12-31 NT$22.32 NT$22.20 x
2023-12-31 NT$22.14 NT$22.20 x
2024-12-31 NT$22.33 NT$22.20 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: $4,529,510,857
  • Average return on equity (ROE) among peers: 18.31%

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 $985.30 Million
First Steamship Co Ltd (2601) $7.18 Billion 31.68% 1.17x $130.18 Million
Shin Shin Co Ltd (2901) $845.89 Million 3.81% 0.17x $55.23 Million
Tonlin Department Store Co Ltd (2910) $2.25 Billion 4.00% 1.93x $119.36 Million
Eslite Spectrum (2926) $1.29 Billion 18.09% 11.40x $56.14 Million
Taiwan FamilyMart Co Ltd (5903) $3.03 Billion 21.58% 1.60x $1.33 Billion
Poya International Co Ltd (5904) $6.31 Billion 39.99% 3.07x $1.93 Billion
Grand Ocean Retail Group Ltd (5907) $10.80 Billion 9.02% 0.99x $32.52 Million

About Far Eastern Department Stores Ltd

TW:2903 Taiwan Department Stores
Market Cap
$985.30 Million
NT$31.27 Billion TWD
Market Cap Rank
#9172 Global
#285 in Taiwan
Share Price
NT$22.20
Change (1 day)
-0.67%
52-Week Range
NT$20.80 - NT$24.55
All Time High
NT$35.70
Categories
Companies in Taiwan Department Stores
About

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