National Aerospace Fasteners Corp
National Aerospace Fasteners Corporation engages in the manufacture, processing, agency, and trading of various types of fasteners and construction parts and related components of aircraft and automobiles in Taiwan and internationally. The company offers aero products, including bolts; nuts, such as hex nuts, 10 PT nuts, double hex nuts, spline nuts kits, shank nuts, gang channels, and anchor nut… Read more
National Aerospace Fasteners Corp (3004) - Net Assets
Latest net assets as of September 2025: NT$2.81 Billion TWD
Based on the latest financial reports, National Aerospace Fasteners Corp (3004) has net assets worth NT$2.81 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$7.41 Billion) and total liabilities (NT$4.60 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$2.81 Billion |
| % of Total Assets | 37.93% |
| Annual Growth Rate | 2.32% |
| 5-Year Change | 45.61% |
| 10-Year Change | 106.37% |
| Growth Volatility | 77.06 |
National Aerospace Fasteners Corp - Net Assets Trend (2002–2024)
This chart illustrates how National Aerospace Fasteners Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for National Aerospace Fasteners Corp (2002–2024)
The table below shows the annual net assets of National Aerospace Fasteners Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.73 Billion | +17.04% |
| 2023-12-31 | NT$2.33 Billion | +19.67% |
| 2022-12-31 | NT$1.95 Billion | +9.75% |
| 2021-12-31 | NT$1.77 Billion | -5.28% |
| 2020-12-31 | NT$1.87 Billion | -2.20% |
| 2019-12-31 | NT$1.92 Billion | +11.72% |
| 2018-12-31 | NT$1.71 Billion | +12.31% |
| 2017-12-31 | NT$1.53 Billion | +6.85% |
| 2016-12-31 | NT$1.43 Billion | +8.10% |
| 2015-12-31 | NT$1.32 Billion | +80.18% |
| 2014-12-31 | NT$733.48 Million | -9.84% |
| 2013-12-31 | NT$813.49 Million | +11.37% |
| 2012-12-31 | NT$730.43 Million | +33.38% |
| 2011-12-31 | NT$547.63 Million | +29.93% |
| 2010-12-31 | NT$421.49 Million | +335.77% |
| 2009-12-31 | NT$96.72 Million | +0.95% |
| 2008-12-31 | NT$95.81 Million | -49.09% |
| 2007-12-31 | NT$188.19 Million | +39.73% |
| 2006-12-31 | NT$134.68 Million | -46.40% |
| 2005-12-31 | NT$251.29 Million | -51.13% |
| 2004-12-31 | NT$514.18 Million | -76.31% |
| 2003-12-31 | NT$2.17 Billion | +31.76% |
| 2002-12-31 | NT$1.65 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Aerospace Fasteners Corp'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 2072.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.28 Billion | 47.01% |
| Common Stock | NT$553.72 Million | 20.30% |
| Other Comprehensive Income | NT$-6.37 Million | -0.23% |
| Other Components | NT$897.97 Million | 32.92% |
| Total Equity | NT$2.73 Billion | 100.00% |
National Aerospace Fasteners Corp Competitors by Market Cap
The table below lists competitors of National Aerospace Fasteners Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KB Components AB (publ)
ST:KBC
|
$110.94 Million |
|
ARC Document Solutions Inc
NYSE:ARC
|
$110.98 Million |
|
Wiz Soluções e Corretagem de Seguros S.A
SA:WIZC3
|
$110.99 Million |
|
Asuransi Tugu Pratama Indonesia Tbk PT
JK:TUGU
|
$111.00 Million |
|
NH SPAC 2
KQ:206640
|
$110.88 Million |
|
Speed Tech
TWO:5457
|
$110.79 Million |
|
OLYFF
PINK:OLYFF
|
$110.79 Million |
|
Clinica Baviera
MC:CBAV
|
$110.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Aerospace Fasteners Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,330,291,000 to 2,727,433,000, a change of 397,142,000 (17.0%).
- Net income of 375,976,000 contributed positively to equity growth.
- Dividend payments of 135,035,000 reduced retained earnings.
- New share issuances of 99,650,000 increased equity.
- Other comprehensive income decreased equity by 242,408,000.
- Other factors increased equity by 298,959,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$375.98 Million | +13.78% |
| Dividends Paid | NT$135.03 Million | -4.95% |
| Share Issuances | NT$99.65 Million | +3.65% |
| Other Comprehensive Income | NT$-242.41 Million | -8.89% |
| Other Changes | NT$298.96 Million | +10.96% |
| Total Change | NT$- | 17.04% |
Book Value vs Market Value Analysis
This analysis compares National Aerospace Fasteners Corp'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: 2.19x
- 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 27.97x to 2.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$3.84 | NT$107.50 | x |
| 2010-12-31 | NT$13.22 | NT$107.50 | x |
| 2011-12-31 | NT$12.68 | NT$107.50 | x |
| 2012-12-31 | NT$16.23 | NT$107.50 | x |
| 2013-12-31 | NT$18.07 | NT$107.50 | x |
| 2014-12-31 | NT$17.39 | NT$107.50 | x |
| 2015-12-31 | NT$25.08 | NT$107.50 | x |
| 2016-12-31 | NT$27.11 | NT$107.50 | x |
| 2017-12-31 | NT$28.97 | NT$107.50 | x |
| 2018-12-31 | NT$32.52 | NT$107.50 | x |
| 2019-12-31 | NT$36.34 | NT$107.50 | x |
| 2020-12-31 | NT$35.55 | NT$107.50 | x |
| 2021-12-31 | NT$33.70 | NT$107.50 | x |
| 2022-12-31 | NT$36.96 | NT$107.50 | x |
| 2023-12-31 | NT$42.90 | NT$107.50 | x |
| 2024-12-31 | NT$49.02 | NT$107.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Aerospace Fasteners Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.78%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.74%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.31x
- Recent ROE (13.78%) is above the historical average (10.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 2.29% | 3.76% | 0.28x | 2.21x | NT$-127.06 Million |
| 2003 | 2.35% | 3.47% | 0.36x | 1.91x | NT$-165.98 Million |
| 2009 | 0.94% | 0.12% | 0.54x | 13.93x | NT$-8.76 Million |
| 2010 | 20.81% | 10.32% | 0.52x | 3.90x | NT$45.54 Million |
| 2011 | 22.34% | 12.68% | 0.53x | 3.34x | NT$67.57 Million |
| 2012 | 24.79% | 14.46% | 0.61x | 2.81x | NT$108.07 Million |
| 2013 | 13.61% | 10.40% | 0.51x | 2.56x | NT$29.40 Million |
| 2014 | -7.60% | -4.05% | 0.60x | 3.12x | NT$-129.08 Million |
| 2015 | 18.03% | 15.44% | 0.65x | 1.79x | NT$106.07 Million |
| 2016 | 15.49% | 13.51% | 0.44x | 2.62x | NT$78.37 Million |
| 2017 | 12.13% | 10.59% | 0.44x | 2.57x | NT$32.49 Million |
| 2018 | 17.56% | 13.21% | 0.50x | 2.68x | NT$129.57 Million |
| 2019 | 18.32% | 12.46% | 0.57x | 2.60x | NT$159.29 Million |
| 2020 | 3.19% | 3.51% | 0.39x | 2.34x | NT$-127.48 Million |
| 2021 | -5.45% | -6.78% | 0.33x | 2.43x | NT$-274.15 Million |
| 2022 | 7.70% | 6.84% | 0.48x | 2.35x | NT$-44.75 Million |
| 2023 | 13.20% | 10.02% | 0.60x | 2.18x | NT$74.57 Million |
| 2024 | 13.78% | 10.74% | 0.55x | 2.31x | NT$103.23 Million |
Industry Comparison
This section compares National Aerospace Fasteners Corp's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $3,425,314,700
- Average return on equity (ROE) among peers: 7.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Aerospace Fasteners Corp (3004) | NT$2.81 Billion | 2.29% | 1.64x | $110.90 Million |
| Basso Industry Corp (1527) | $4.69 Billion | 15.81% | 0.15x | $112.50 Million |
| Jenn Feng New Energy Co Ltd (1538) | $314.60 Million | -31.60% | 2.89x | $5.14 Million |
| Chang Type Industrial Co Ltd (1541) | $876.37 Million | -2.60% | 1.04x | $24.94 Million |
| Kinik Co (1560) | $6.09 Billion | 20.48% | 0.57x | $1.40 Billion |
| De Poan Pneumatic (1570) | $693.89 Million | 11.00% | 0.29x | $31.32 Million |
| Inmax Holding Co Ltd (1591) | $393.55 Million | 2.06% | 0.58x | $42.14 Million |
| Tycoons Group Enterprise Co Ltd (2022) | $7.12 Billion | 4.66% | 0.86x | $64.34 Million |
| Hiwin Technologies Corp (2049) | $11.80 Billion | 17.14% | 1.34x | $1.96 Billion |
| Sheh Kai Precision Co Ltd (2063) | $566.73 Million | 22.21% | 0.62x | $22.55 Million |
| Sheh Fung Screws Co Ltd (2065) | $1.71 Billion | 16.18% | 0.72x | $39.62 Million |