Zenitron Corp (3028) - Net Assets
Based on the latest financial reports, Zenitron Corp (3028) has net assets worth NT$5.87 Billion TWD (≈ $185.06 Million 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$21.39 Billion ≈ $673.84 Million USD) and total liabilities (NT$15.51 Billion ≈ $488.78 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. Also explore Zenitron Corp total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$5.87 Billion |
| % of Total Assets | 27.46% |
| Annual Growth Rate | 5.63% |
| 5-Year Change | 29.89% |
| 10-Year Change | 22.83% |
| Growth Volatility | 12.73 |
Zenitron Corp - Net Assets Trend (2002–2024)
This chart illustrates how Zenitron Corp's net assets have evolved over time, based on quarterly financial data. Check Zenitron Corp tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Zenitron Corp (2002–2024)
The table below shows the annual net assets of Zenitron Corp from 2002 to 2024. For live valuation and market cap data, see 3028 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.24 Billion ≈ $196.49 Million |
+8.14% |
| 2023-12-31 | NT$5.77 Billion ≈ $181.70 Million |
+4.45% |
| 2022-12-31 | NT$5.52 Billion ≈ $173.96 Million |
+4.33% |
| 2021-12-31 | NT$5.29 Billion ≈ $166.73 Million |
+10.22% |
| 2020-12-31 | NT$4.80 Billion ≈ $151.28 Million |
+8.98% |
| 2019-12-31 | NT$4.41 Billion ≈ $138.80 Million |
+0.90% |
| 2018-12-31 | NT$4.37 Billion ≈ $137.56 Million |
-9.37% |
| 2017-12-31 | NT$4.82 Billion ≈ $151.78 Million |
+1.49% |
| 2016-12-31 | NT$4.75 Billion ≈ $149.55 Million |
-6.51% |
| 2015-12-31 | NT$5.08 Billion ≈ $159.97 Million |
+1.95% |
| 2014-12-31 | NT$4.98 Billion ≈ $156.92 Million |
+11.56% |
| 2013-12-31 | NT$4.46 Billion ≈ $140.66 Million |
+3.56% |
| 2012-12-31 | NT$4.31 Billion ≈ $135.82 Million |
-2.18% |
| 2011-12-31 | NT$4.41 Billion ≈ $138.85 Million |
+4.20% |
| 2010-12-31 | NT$4.23 Billion ≈ $133.25 Million |
+7.50% |
| 2009-12-31 | NT$3.93 Billion ≈ $123.95 Million |
+7.56% |
| 2008-12-31 | NT$3.66 Billion ≈ $115.24 Million |
-9.31% |
| 2007-12-31 | NT$4.03 Billion ≈ $127.08 Million |
+1.56% |
| 2006-12-31 | NT$3.97 Billion ≈ $125.13 Million |
+27.81% |
| 2005-12-31 | NT$3.11 Billion ≈ $97.90 Million |
+52.87% |
| 2004-12-31 | NT$2.03 Billion ≈ $64.04 Million |
+0.32% |
| 2003-12-31 | NT$2.03 Billion ≈ $63.84 Million |
+8.43% |
| 2002-12-31 | NT$1.87 Billion ≈ $58.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zenitron 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 259.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$996.81 Million | 15.98% |
| Common Stock | NT$2.37 Billion | 38.04% |
| Other Comprehensive Income | NT$1.60 Billion | 25.71% |
| Other Components | NT$1.26 Billion | 20.27% |
| Total Equity | NT$6.24 Billion | 100.00% |
Zenitron Corp Competitors by Market Cap
The table below lists competitors of Zenitron Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rayonier Advanced Materials
NYSE:RYAM
|
$491.82 Million |
|
Organización Cultiba S.A.B. de C.V
MX:CULTIBAB
|
$491.83 Million |
|
Lendingtree Inc
NASDAQ:TREE
|
$491.84 Million |
|
Vinci Partners Investments Ltd
NASDAQ:VINP
|
$492.13 Million |
|
SML Isuzu Limited
NSE:SMLISUZU
|
$491.77 Million |
|
Wonik QnC Corporation
KQ:074600
|
$491.69 Million |
|
First Trust High Yield Opportunities 2027 Term Fund
NYSE:FTHY
|
$491.65 Million |
|
Satellogic V Inc
NASDAQ:SATL
|
$491.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zenitron Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,767,306,000 to 6,236,641,000, a change of 469,335,000 (8.1%).
- Net income of 489,179,000 contributed positively to equity growth.
- Dividend payments of 466,745,000 reduced retained earnings.
- Other comprehensive income increased equity by 251,870,000.
- Other factors increased equity by 195,031,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$489.18 Million | +7.84% |
| Dividends Paid | NT$466.75 Million | -7.48% |
| Other Comprehensive Income | NT$251.87 Million | +4.04% |
| Other Changes | NT$195.03 Million | +3.13% |
| Total Change | NT$- | 8.14% |
Book Value vs Market Value Analysis
This analysis compares Zenitron 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: 2.51x
- 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 3.49x to 2.51x 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$18.87 | NT$65.80 | x |
| 2010-12-31 | NT$19.67 | NT$65.80 | x |
| 2011-12-31 | NT$20.44 | NT$65.80 | x |
| 2012-12-31 | NT$20.04 | NT$65.80 | x |
| 2013-12-31 | NT$20.84 | NT$65.80 | x |
| 2014-12-31 | NT$23.27 | NT$65.80 | x |
| 2015-12-31 | NT$23.75 | NT$65.80 | x |
| 2016-12-31 | NT$22.09 | NT$65.80 | x |
| 2017-12-31 | NT$22.28 | NT$65.80 | x |
| 2018-12-31 | NT$20.33 | NT$65.80 | x |
| 2019-12-31 | NT$20.55 | NT$65.80 | x |
| 2020-12-31 | NT$22.36 | NT$65.80 | x |
| 2021-12-31 | NT$23.68 | NT$65.80 | x |
| 2022-12-31 | NT$23.23 | NT$65.80 | x |
| 2023-12-31 | NT$24.22 | NT$65.80 | x |
| 2024-12-31 | NT$26.19 | NT$65.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zenitron Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.34%
- • Asset Turnover: 1.83x
- • Equity Multiplier: 3.19x
- Recent ROE (7.84%) is below the historical average (9.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 9.91% | 2.82% | 1.64x | 2.15x | NT$-1.59 Million |
| 2003 | 10.08% | 2.22% | 1.57x | 2.88x | NT$1.67 Million |
| 2004 | 10.05% | 1.63% | 2.07x | 2.97x | NT$952.30K |
| 2005 | 13.44% | 2.24% | 2.16x | 2.78x | NT$106.77 Million |
| 2006 | 12.17% | 2.20% | 2.27x | 2.44x | NT$86.06 Million |
| 2007 | 10.79% | 1.88% | 2.17x | 2.64x | NT$31.65 Million |
| 2008 | 6.02% | 1.10% | 2.21x | 2.48x | NT$-145.51 Million |
| 2009 | 8.10% | 1.41% | 2.12x | 2.72x | NT$-74.88 Million |
| 2010 | 10.41% | 1.37% | 2.60x | 2.91x | NT$17.22 Million |
| 2011 | 12.54% | 1.54% | 2.90x | 2.81x | NT$111.92 Million |
| 2012 | 7.44% | 1.12% | 2.45x | 2.71x | NT$-110.38 Million |
| 2013 | 5.14% | 0.76% | 2.29x | 2.95x | NT$-216.69 Million |
| 2014 | 7.33% | 1.31% | 2.02x | 2.78x | NT$-133.01 Million |
| 2015 | 6.66% | 1.43% | 1.82x | 2.56x | NT$-169.83 Million |
| 2016 | 6.16% | 1.31% | 1.76x | 2.67x | NT$-182.10 Million |
| 2017 | 9.04% | 1.57% | 1.84x | 3.14x | NT$-45.68 Million |
| 2018 | 9.31% | 1.31% | 1.86x | 3.83x | NT$-29.99 Million |
| 2019 | 5.23% | 0.85% | 1.90x | 3.23x | NT$-209.99 Million |
| 2020 | 9.83% | 1.37% | 1.78x | 4.02x | NT$-8.13 Million |
| 2021 | 16.58% | 2.09% | 1.93x | 4.12x | NT$348.49 Million |
| 2022 | 12.94% | 1.79% | 1.84x | 3.94x | NT$162.42 Million |
| 2023 | 7.91% | 1.40% | 1.55x | 3.65x | NT$-120.76 Million |
| 2024 | 7.84% | 1.34% | 1.83x | 3.19x | NT$-134.49 Million |
Industry Comparison
This section compares Zenitron Corp's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,975,676,000
- Average return on equity (ROE) among peers: 8.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zenitron Corp (3028) | NT$5.87 Billion | 9.91% | 2.64x | $491.82 Million |
| Rectron Ltd (2302) | $1.81 Billion | 0.27% | 0.23x | $205.12 Million |
| Taiwan Mask Corp (2338) | $4.35 Billion | 3.13% | 0.18x | $364.40 Million |
| SDI Corp (2351) | $4.39 Billion | 11.04% | 1.19x | $895.19 Million |
| Lingsen Precision Industries Ltd (2369) | $6.54 Billion | 5.53% | 0.33x | $398.15 Million |
| Greatek Electronics Inc (2441) | $8.53 Billion | 25.02% | 0.15x | $2.13 Billion |
| Visual Photonics Epitaxy Co Ltd (2455) | $637.47 Million | 0.00% | 0.77x | $1.61 Billion |
| Pan Jit International Inc (2481) | $6.68 Billion | 13.34% | 1.36x | $1.68 Billion |
| Ampoc Far-East Co Ltd (2493) | $2.09 Billion | 12.43% | 0.36x | $1.22 Billion |
| Episil-Precision Inc (3016) | $753.67 Million | 4.37% | 0.45x | $918.16 Million |
About Zenitron Corp
Zenitron Corporation, together with its subsidiaries, engages in the sale of electrical components in China, Taiwan, and internationally. It offers semiconductor components line cards for automotive, telecom and communication, power supply, IT/computing, industrial electronics, handheld, consumer, and EMS applications. The company also power supply, telecom and communication, industrial electroni… Read more