FSP Technology Inc
FSP Technology Inc. engages in manufacture, process, and trade of power supplies and electronic components in Taiwan, China, the United States of America, Germany, and internationally. The company's products include adapter; industrial PC, open frame, immersion cooling, medical, panel mount, television, solid-state lighting, and personal computer power supply; battery charger; PV inverter; uninte… Read more
FSP Technology Inc (3015) - Net Assets
Latest net assets as of June 2025: NT$13.36 Billion TWD
Based on the latest financial reports, FSP Technology Inc (3015) has net assets worth NT$13.36 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$19.96 Billion) and total liabilities (NT$6.60 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$13.36 Billion |
| % of Total Assets | 66.93% |
| Annual Growth Rate | 11.83% |
| 5-Year Change | 38.01% |
| 10-Year Change | 81.68% |
| Growth Volatility | 14.34 |
FSP Technology Inc - Net Assets Trend (2002–2024)
This chart illustrates how FSP Technology Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FSP Technology Inc (2002–2024)
The table below shows the annual net assets of FSP Technology Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$15.86 Billion | +8.12% |
| 2023-12-31 | NT$14.67 Billion | +6.94% |
| 2022-12-31 | NT$13.72 Billion | +1.25% |
| 2021-12-31 | NT$13.55 Billion | +17.88% |
| 2020-12-31 | NT$11.49 Billion | +26.44% |
| 2019-12-31 | NT$9.09 Billion | +10.03% |
| 2018-12-31 | NT$8.26 Billion | -1.85% |
| 2017-12-31 | NT$8.42 Billion | +0.31% |
| 2016-12-31 | NT$8.39 Billion | -3.88% |
| 2015-12-31 | NT$8.73 Billion | +9.02% |
| 2014-12-31 | NT$8.01 Billion | +17.06% |
| 2013-12-31 | NT$6.84 Billion | +14.66% |
| 2012-12-31 | NT$5.97 Billion | +0.62% |
| 2011-12-31 | NT$5.93 Billion | +4.46% |
| 2010-12-31 | NT$5.68 Billion | +3.99% |
| 2009-12-31 | NT$5.46 Billion | +9.24% |
| 2008-12-31 | NT$5.00 Billion | +4.77% |
| 2007-12-31 | NT$4.77 Billion | +53.19% |
| 2006-12-31 | NT$3.11 Billion | +23.50% |
| 2005-12-31 | NT$2.52 Billion | +25.68% |
| 2004-12-31 | NT$2.01 Billion | +2.14% |
| 2003-12-31 | NT$1.96 Billion | +44.94% |
| 2002-12-31 | NT$1.35 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to FSP Technology Inc'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 759.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.38 Billion | 28.37% |
| Other Components | NT$11.06 Billion | 71.63% |
| Total Equity | NT$15.45 Billion | 100.00% |
FSP Technology Inc Competitors by Market Cap
The table below lists competitors of FSP Technology Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Harbin Medisan Pharmaceutical Co Ltd
SHE:002900
|
$163.31 Million |
|
Soft-World International
TWO:5478
|
$163.32 Million |
|
Zhejiang Tianzhen Technology Co. Ltd. A
SHE:301356
|
$163.37 Million |
|
Deceuninck
BR:DECB
|
$163.38 Million |
|
Goodluck India Limited
NSE:GOODLUCK
|
$163.26 Million |
|
Maiquer Group Co Ltd
SHE:002719
|
$163.24 Million |
|
Hanwha Galleria Corp.
KO:452260
|
$163.23 Million |
|
AEON Thana Sinsap (Thailand) Public Company Limited
BK:AEONTS
|
$163.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FSP Technology Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,267,436,000 to 15,445,813,000, a change of 1,178,377,000 (8.3%).
- Net income of 404,559,000 contributed positively to equity growth.
- Dividend payments of 599,238,000 reduced retained earnings.
- Other comprehensive income decreased equity by 6,105,672,999.
- Other factors increased equity by 7,478,728,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$404.56 Million | +2.62% |
| Dividends Paid | NT$599.24 Million | -3.88% |
| Other Comprehensive Income | NT$-6.11 Billion | -39.53% |
| Other Changes | NT$7.48 Billion | +48.42% |
| Total Change | NT$- | 8.26% |
Book Value vs Market Value Analysis
This analysis compares FSP Technology Inc'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: 0.63x
- 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 1.87x to 0.63x 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$27.61 | NT$51.60 | x |
| 2010-12-31 | NT$27.90 | NT$51.60 | x |
| 2011-12-31 | NT$29.05 | NT$51.60 | x |
| 2012-12-31 | NT$29.44 | NT$51.60 | x |
| 2013-12-31 | NT$33.87 | NT$51.60 | x |
| 2014-12-31 | NT$32.38 | NT$51.60 | x |
| 2015-12-31 | NT$38.60 | NT$51.60 | x |
| 2016-12-31 | NT$41.96 | NT$51.60 | x |
| 2017-12-31 | NT$42.19 | NT$51.60 | x |
| 2018-12-31 | NT$41.49 | NT$51.60 | x |
| 2019-12-31 | NT$45.55 | NT$51.60 | x |
| 2020-12-31 | NT$58.87 | NT$51.60 | x |
| 2021-12-31 | NT$69.93 | NT$51.60 | x |
| 2022-12-31 | NT$70.38 | NT$51.60 | x |
| 2023-12-31 | NT$75.56 | NT$51.60 | x |
| 2024-12-31 | NT$82.48 | NT$51.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FSP Technology Inc 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): 2.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.49%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.43x
- Recent ROE (2.62%) is below the historical average (10.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 26.25% | 7.31% | 1.77x | 2.03x | NT$220.15 Million |
| 2003 | 22.54% | 6.95% | 1.29x | 2.51x | NT$246.24 Million |
| 2004 | 24.44% | 5.81% | 1.34x | 3.13x | NT$289.60 Million |
| 2005 | 18.96% | 4.09% | 1.35x | 3.44x | NT$214.94 Million |
| 2006 | 16.84% | 3.92% | 1.47x | 2.92x | NT$203.25 Million |
| 2007 | 16.42% | 4.65% | 1.43x | 2.48x | NT$291.82 Million |
| 2008 | 13.32% | 3.79% | 1.62x | 2.18x | NT$157.54 Million |
| 2009 | 16.69% | 5.41% | 1.33x | 2.31x | NT$343.22 Million |
| 2010 | 16.09% | 4.51% | 1.60x | 2.23x | NT$324.84 Million |
| 2011 | 10.75% | 3.35% | 1.42x | 2.26x | NT$41.51 Million |
| 2012 | 10.29% | 3.51% | 1.43x | 2.05x | NT$16.57 Million |
| 2013 | 7.61% | 3.22% | 1.21x | 1.96x | NT$-154.93 Million |
| 2014 | 5.24% | 2.54% | 1.09x | 1.88x | NT$-364.60 Million |
| 2015 | 4.47% | 2.73% | 0.95x | 1.73x | NT$-468.50 Million |
| 2016 | 3.82% | 2.02% | 1.05x | 1.79x | NT$-502.00 Million |
| 2017 | 3.86% | 2.18% | 1.03x | 1.71x | NT$-501.21 Million |
| 2018 | 0.97% | 0.53% | 1.06x | 1.72x | NT$-721.82 Million |
| 2019 | 1.54% | 0.95% | 0.91x | 1.79x | NT$-743.08 Million |
| 2020 | 5.98% | 4.52% | 0.80x | 1.65x | NT$-449.17 Million |
| 2021 | 5.71% | 4.53% | 0.79x | 1.60x | NT$-566.81 Million |
| 2022 | 5.42% | 4.84% | 0.74x | 1.52x | NT$-609.87 Million |
| 2023 | 4.20% | 4.55% | 0.65x | 1.43x | NT$-827.51 Million |
| 2024 | 2.62% | 3.49% | 0.53x | 1.43x | NT$-1.14 Billion |
Industry Comparison
This section compares FSP Technology Inc's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,443,854,100
- Average return on equity (ROE) among peers: 15.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FSP Technology Inc (3015) | NT$13.36 Billion | 26.25% | 0.49x | $163.27 Million |
| Shihlin Electric & Engineering Corp (1503) | $12.57 Billion | 8.24% | 1.01x | $1.64 Billion |
| Allis Electric Co Ltd (1514) | $2.89 Billion | 7.47% | 0.97x | $721.68 Million |
| Fortune Electric Co Ltd (1519) | $3.07 Billion | 22.96% | 1.33x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $1.06 Billion | 4.03% | 0.77x | $95.39 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.92 Billion | 25.10% | 0.48x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.02 Billion | 8.63% | 0.64x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $9.01 Billion | 15.42% | 0.52x | $104.26 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $9.13 Billion | 9.31% | 1.76x | $714.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.82 Billion | 34.51% | 0.12x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $2.95 Billion | 17.78% | 0.52x | $96.72 Million |