IEI Integration Corp
IEI Integration Corp. provides industrial computer products worldwide. It provides AIoT and edge computing products, comprising AI developer kits, time-sensitive networking, TPU, VPU, and FPGA AI accelerators, AI embedded systems, and IEI devcloud; networking appliances, including NGFW firewalls, wireless gateways, WAN, UTM, ADC, routers, VPN, etc.; storage servers; and network modules. The compa… Read more
IEI Integration Corp (3022) - Net Assets
Latest net assets as of September 2025: NT$10.60 Billion TWD
Based on the latest financial reports, IEI Integration Corp (3022) has net assets worth NT$10.60 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$14.55 Billion) and total liabilities (NT$3.95 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$10.60 Billion |
| % of Total Assets | 72.85% |
| Annual Growth Rate | 8.58% |
| 5-Year Change | 47.52% |
| 10-Year Change | 49.67% |
| Growth Volatility | 8.95 |
IEI Integration Corp - Net Assets Trend (2002–2024)
This chart illustrates how IEI Integration 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 IEI Integration Corp (2002–2024)
The table below shows the annual net assets of IEI Integration Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$11.20 Billion | +10.94% |
| 2023-12-31 | NT$10.10 Billion | +9.38% |
| 2022-12-31 | NT$9.23 Billion | +14.87% |
| 2021-12-31 | NT$8.04 Billion | +5.83% |
| 2020-12-31 | NT$7.59 Billion | +11.98% |
| 2019-12-31 | NT$6.78 Billion | -14.06% |
| 2018-12-31 | NT$7.89 Billion | +2.54% |
| 2017-12-31 | NT$7.70 Billion | -2.79% |
| 2016-12-31 | NT$7.92 Billion | +5.77% |
| 2015-12-31 | NT$7.49 Billion | +3.52% |
| 2014-12-31 | NT$7.23 Billion | +3.03% |
| 2013-12-31 | NT$7.02 Billion | +13.54% |
| 2012-12-31 | NT$6.18 Billion | +3.50% |
| 2011-12-31 | NT$5.97 Billion | +18.22% |
| 2010-12-31 | NT$5.05 Billion | +31.44% |
| 2009-12-31 | NT$3.84 Billion | +10.48% |
| 2008-12-31 | NT$3.48 Billion | +7.74% |
| 2007-12-31 | NT$3.23 Billion | +7.15% |
| 2006-12-31 | NT$3.01 Billion | +10.62% |
| 2005-12-31 | NT$2.72 Billion | +19.70% |
| 2004-12-31 | NT$2.28 Billion | +3.49% |
| 2003-12-31 | NT$2.20 Billion | +19.97% |
| 2002-12-31 | NT$1.83 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to IEI Integration 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 1292.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.32 Billion | 57.18% |
| Other Components | NT$4.73 Billion | 42.82% |
| Total Equity | NT$11.04 Billion | 100.00% |
IEI Integration Corp Competitors by Market Cap
The table below lists competitors of IEI Integration Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangzheng Group Co Ltd
SHE:002524
|
$226.79 Million |
|
Xinjiang Sayram Modern Agriculture Co Ltd
SHG:600540
|
$226.80 Million |
|
Blue Ridge Bankshares Inc
NYSE MKT:BRBS
|
$226.82 Million |
|
Shanghai Labway Clinical Laboratory Co Ltd
SHE:301060
|
$226.85 Million |
|
Oak Valley Bancorp
NASDAQ:OVLY
|
$226.74 Million |
|
Siloam International Hospitals
JK:SILO
|
$226.65 Million |
|
Shanghai Wisdom Information Technology Co. Ltd.
SHE:301315
|
$226.57 Million |
|
MiCo Ltd
KQ:059090
|
$226.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IEI Integration Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,089,932,000 to 11,044,310,000, a change of 954,378,000 (9.5%).
- Net income of 1,540,670,000 contributed positively to equity growth.
- Dividend payments of 618,092,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,719,741,000.
- Other factors increased equity by 2,751,541,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.54 Billion | +13.95% |
| Dividends Paid | NT$618.09 Million | -5.6% |
| Other Comprehensive Income | NT$-2.72 Billion | -24.63% |
| Other Changes | NT$2.75 Billion | +24.91% |
| Total Change | NT$- | 9.46% |
Book Value vs Market Value Analysis
This analysis compares IEI Integration 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: 0.98x
- 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 3.08x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$19.79 | NT$61.00 | x |
| 2007-12-31 | NT$20.71 | NT$61.00 | x |
| 2008-12-31 | NT$18.55 | NT$61.00 | x |
| 2009-12-31 | NT$24.37 | NT$61.00 | x |
| 2010-12-31 | NT$29.84 | NT$61.00 | x |
| 2011-12-31 | NT$33.14 | NT$61.00 | x |
| 2012-12-31 | NT$34.27 | NT$61.00 | x |
| 2013-12-31 | NT$38.85 | NT$61.00 | x |
| 2014-12-31 | NT$40.26 | NT$61.00 | x |
| 2015-12-31 | NT$41.65 | NT$61.00 | x |
| 2016-12-31 | NT$44.30 | NT$61.00 | x |
| 2017-12-31 | NT$38.85 | NT$61.00 | x |
| 2018-12-31 | NT$25.00 | NT$61.00 | x |
| 2019-12-31 | NT$37.96 | NT$61.00 | x |
| 2020-12-31 | NT$42.56 | NT$61.00 | x |
| 2021-12-31 | NT$45.10 | NT$61.00 | x |
| 2022-12-31 | NT$51.82 | NT$61.00 | x |
| 2023-12-31 | NT$56.74 | NT$61.00 | x |
| 2024-12-31 | NT$62.54 | NT$61.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IEI Integration 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): 13.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.52%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.36x
- Recent ROE (13.95%) is below the historical average (16.38%), 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 | 19.17% | 15.21% | 1.08x | 1.17x | NT$168.10 Million |
| 2003 | 24.52% | 18.39% | 1.10x | 1.21x | NT$319.25 Million |
| 2004 | 17.75% | 12.30% | 1.09x | 1.32x | NT$176.35 Million |
| 2005 | 20.23% | 16.93% | 1.02x | 1.17x | NT$278.69 Million |
| 2006 | 18.59% | 16.55% | 0.94x | 1.20x | NT$258.93 Million |
| 2007 | 21.30% | 16.45% | 0.97x | 1.33x | NT$364.73 Million |
| 2008 | 18.55% | 13.10% | 0.88x | 1.61x | NT$289.16 Million |
| 2009 | 10.43% | 8.77% | 0.66x | 1.80x | NT$16.57 Million |
| 2010 | 16.45% | 13.30% | 0.78x | 1.59x | NT$325.89 Million |
| 2011 | 23.02% | 19.07% | 0.70x | 1.71x | NT$777.48 Million |
| 2012 | 16.42% | 18.42% | 0.55x | 1.62x | NT$396.99 Million |
| 2013 | 16.01% | 22.92% | 0.29x | 2.42x | NT$420.95 Million |
| 2014 | 20.48% | 23.24% | 0.41x | 2.15x | NT$757.63 Million |
| 2015 | 15.59% | 17.10% | 0.57x | 1.60x | NT$418.19 Million |
| 2016 | 17.27% | 17.89% | 0.65x | 1.48x | NT$575.47 Million |
| 2017 | 12.01% | 13.40% | 0.61x | 1.48x | NT$154.57 Million |
| 2018 | 11.38% | 14.52% | 0.57x | 1.37x | NT$108.72 Million |
| 2019 | 9.94% | 12.02% | 0.59x | 1.40x | NT$-3.99 Million |
| 2020 | 13.13% | 16.76% | 0.55x | 1.43x | NT$237.39 Million |
| 2021 | 10.78% | 13.87% | 0.54x | 1.44x | NT$62.31 Million |
| 2022 | 16.16% | 18.79% | 0.59x | 1.45x | NT$568.98 Million |
| 2023 | 13.70% | 18.24% | 0.53x | 1.42x | NT$373.16 Million |
| 2024 | 13.95% | 22.52% | 0.46x | 1.36x | NT$436.24 Million |
Industry Comparison
This section compares IEI Integration Corp's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $43,365,135,900
- Average return on equity (ROE) among peers: 2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IEI Integration Corp (3022) | NT$10.60 Billion | 19.17% | 0.37x | $226.74 Million |
| Solytech Enterprise Corp (1471) | $1.73 Billion | 0.00% | 1.00x | $49.10 Million |
| Lite-On Technology Corp (2301) | $74.58 Billion | 5.93% | 1.28x | $9.62 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $18.55 Million |
| Kinpo Electronics Inc (2312) | $25.86 Billion | 0.85% | 3.17x | $896.54 Million |
| CMC Magnetics Corp (2323) | $37.52 Billion | 11.36% | 0.54x | $302.78 Million |
| Compal Electronics Inc (2324) | $112.28 Billion | 7.24% | 2.09x | $3.88 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.76 Billion | 1.89% | 0.86x | $204.97 Million |
| Ritek Corp (2349) | $11.17 Billion | -23.02% | 0.88x | $261.22 Million |
| Qisda Corp (2352) | $47.28 Billion | 0.00% | 2.52x | $839.54 Million |
| Asustek Computer Inc (2357) | $109.25 Billion | 16.75% | 1.03x | $11.74 Billion |