FSP Technology Inc (3015) - Net Assets
Based on the latest financial reports, FSP Technology Inc (3015) has net assets worth NT$12.24 Billion TWD (≈ $385.65 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$18.22 Billion ≈ $574.17 Million USD) and total liabilities (NT$5.98 Billion ≈ $188.52 Million 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 FSP Technology Inc (3015) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$12.24 Billion |
| % of Total Assets | 67.17% |
| Annual Growth Rate | 10.31% |
| 5-Year Change | -4.4% |
| 10-Year Change | 54.36% |
| Growth Volatility | 15.38 |
FSP Technology Inc - Net Assets Trend (2002–2025)
This chart illustrates how FSP Technology Inc's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of FSP Technology Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for FSP Technology Inc (2002–2025)
The table below shows the annual net assets of FSP Technology Inc from 2002 to 2025. For live valuation and market cap data, see FSP Technology Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$12.95 Billion ≈ $408.05 Million |
-18.34% |
| 2024-12-31 | NT$15.86 Billion ≈ $499.69 Million |
+8.12% |
| 2023-12-31 | NT$14.67 Billion ≈ $462.16 Million |
+6.94% |
| 2022-12-31 | NT$13.72 Billion ≈ $432.17 Million |
+1.25% |
| 2021-12-31 | NT$13.55 Billion ≈ $426.82 Million |
+17.88% |
| 2020-12-31 | NT$11.49 Billion ≈ $362.08 Million |
+26.44% |
| 2019-12-31 | NT$9.09 Billion ≈ $286.37 Million |
+10.03% |
| 2018-12-31 | NT$8.26 Billion ≈ $260.26 Million |
-1.85% |
| 2017-12-31 | NT$8.42 Billion ≈ $265.17 Million |
+0.31% |
| 2016-12-31 | NT$8.39 Billion ≈ $264.36 Million |
-3.88% |
| 2015-12-31 | NT$8.73 Billion ≈ $275.04 Million |
+9.02% |
| 2014-12-31 | NT$8.01 Billion ≈ $252.28 Million |
+17.06% |
| 2013-12-31 | NT$6.84 Billion ≈ $215.51 Million |
+14.66% |
| 2012-12-31 | NT$5.97 Billion ≈ $187.97 Million |
+0.62% |
| 2011-12-31 | NT$5.93 Billion ≈ $186.81 Million |
+4.46% |
| 2010-12-31 | NT$5.68 Billion ≈ $178.85 Million |
+3.99% |
| 2009-12-31 | NT$5.46 Billion ≈ $171.98 Million |
+9.24% |
| 2008-12-31 | NT$5.00 Billion ≈ $157.44 Million |
+4.77% |
| 2007-12-31 | NT$4.77 Billion ≈ $150.27 Million |
+53.19% |
| 2006-12-31 | NT$3.11 Billion ≈ $98.09 Million |
+23.50% |
| 2005-12-31 | NT$2.52 Billion ≈ $79.43 Million |
+25.68% |
| 2004-12-31 | NT$2.01 Billion ≈ $63.20 Million |
+2.14% |
| 2003-12-31 | NT$1.96 Billion ≈ $61.87 Million |
+44.94% |
| 2002-12-31 | NT$1.35 Billion ≈ $42.69 Million |
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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 760.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.39 Billion | 35.03% |
| Common Stock | NT$1.87 Billion | 14.95% |
| Other Comprehensive Income | NT$5.41 Billion | 43.19% |
| Other Components | NT$856.43 Million | 6.84% |
| Total Equity | NT$12.53 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 |
|---|---|
|
Primis Financial Corp
NASDAQ:FRST
|
$358.20 Million |
|
Greenyard NV
BR:GREEN
|
$358.22 Million |
|
Gladstone Investment Corporation 8.00% Notes due 2028
NASDAQ:GAINL
|
$358.34 Million |
|
Reckitt Benckiser Group PLC
LSE:RKT
|
$358.37 Million |
|
Columbus McKinnon Corporation
NASDAQ:CMCO
|
$358.09 Million |
|
Agencia Comercial Spirits Ltd Class A Ordinary Shares
NASDAQ:AGCC
|
$358.09 Million |
|
ADF Foods Limited
NSE:ADFFOODS
|
$357.98 Million |
|
IVU Traffic Technologies AG
XETRA:IVU
|
$357.92 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 2024 to 2025, total equity changed from 15,445,813,000 to 12,526,066,000, a change of -2,919,747,000 (-18.9%).
- Net income of 348,069,000 contributed positively to equity growth.
- Dividend payments of 561,786,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,920,270,000.
- Other factors increased equity by 214,240,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$348.07 Million | +2.78% |
| Dividends Paid | NT$561.79 Million | -4.48% |
| Other Comprehensive Income | NT$-2.92 Billion | -23.31% |
| Other Changes | NT$214.24 Million | +1.71% |
| Total Change | NT$- | -18.90% |
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: 0.91x
- 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 2.20x to 0.91x 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$60.70 | x |
| 2010-12-31 | NT$27.90 | NT$60.70 | x |
| 2011-12-31 | NT$29.05 | NT$60.70 | x |
| 2012-12-31 | NT$29.44 | NT$60.70 | x |
| 2013-12-31 | NT$33.87 | NT$60.70 | x |
| 2014-12-31 | NT$32.38 | NT$60.70 | x |
| 2015-12-31 | NT$38.60 | NT$60.70 | x |
| 2016-12-31 | NT$41.96 | NT$60.70 | x |
| 2017-12-31 | NT$42.19 | NT$60.70 | x |
| 2018-12-31 | NT$41.49 | NT$60.70 | x |
| 2019-12-31 | NT$45.55 | NT$60.70 | x |
| 2020-12-31 | NT$58.87 | NT$60.70 | x |
| 2021-12-31 | NT$69.93 | NT$60.70 | x |
| 2022-12-31 | NT$70.38 | NT$60.70 | x |
| 2023-12-31 | NT$75.56 | NT$60.70 | x |
| 2024-12-31 | NT$81.98 | NT$60.70 | x |
| 2025-12-31 | NT$66.52 | NT$60.70 | 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): 2.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.67%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.53x
- Recent ROE (2.78%) is below the historical average (10.28%), 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$-1.14 Billion |
| 2025 | 2.78% | 2.67% | 0.68x | 1.53x | NT$-904.54 Million |
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: $5,696,516,500
- Average return on equity (ROE) among peers: 43.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FSP Technology Inc (3015) | NT$12.24 Billion | 26.25% | 0.49x | $358.12 Million |
| Shihlin Electric & Engineering Corp (1503) | $19.41 Billion | 5.67% | 0.54x | $3.88 Billion |
| Allis Electric Co Ltd (1514) | $2.63 Billion | 2.65% | 0.72x | $1.01 Billion |
| Fortune Electric Co Ltd (1519) | $3.22 Billion | 13.15% | 0.79x | $7.99 Billion |
| Klingon Aerospace Inc (1529) | $1.60 Billion | 0.00% | 0.51x | $111.90 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.79 Billion | 16.37% | 0.39x | $329.64 Million |
| Chieftek Precision Co Ltd (1597) | $622.18 Million | 14.16% | 0.83x | $404.14 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $10.61 Billion | 0.00% | 0.24x | $464.43 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $6.42 Billion | 371.65% | 0.77x | $939.81 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.60 Billion | 9.91% | 0.14x | $378.91 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.07 Billion | 0.00% | 1.07x | $278.20 Million |
About 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