Taiwan Mobile Co Ltd (3045) - Net Assets
Based on the latest financial reports, Taiwan Mobile Co Ltd (3045) has net assets worth NT$94.55 Billion TWD (≈ $2.98 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$234.66 Billion ≈ $7.39 Billion USD) and total liabilities (NT$140.11 Billion ≈ $4.41 Billion 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 3045 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$94.55 Billion |
| % of Total Assets | 40.29% |
| Annual Growth Rate | 1.69% |
| 5-Year Change | 29.03% |
| 10-Year Change | 42.85% |
| Growth Volatility | 19.48 |
Taiwan Mobile Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Taiwan Mobile Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 3045 total assets for the complete picture of this company's asset base.
Annual Net Assets for Taiwan Mobile Co Ltd (2002–2025)
The table below shows the annual net assets of Taiwan Mobile Co Ltd from 2002 to 2025. For live valuation and market cap data, see 3045 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$94.55 Billion ≈ $2.98 Billion |
+0.66% |
| 2024-12-31 | NT$93.93 Billion ≈ $2.96 Billion |
+0.58% |
| 2023-12-31 | NT$93.38 Billion ≈ $2.94 Billion |
+28.19% |
| 2022-12-31 | NT$72.85 Billion ≈ $2.30 Billion |
-0.58% |
| 2021-12-31 | NT$73.28 Billion ≈ $2.31 Billion |
+1.79% |
| 2020-12-31 | NT$71.99 Billion ≈ $2.27 Billion |
-2.95% |
| 2019-12-31 | NT$74.18 Billion ≈ $2.34 Billion |
+9.09% |
| 2018-12-31 | NT$67.99 Billion ≈ $2.14 Billion |
+3.79% |
| 2017-12-31 | NT$65.51 Billion ≈ $2.06 Billion |
-1.02% |
| 2016-12-31 | NT$66.19 Billion ≈ $2.09 Billion |
+1.37% |
| 2015-12-31 | NT$65.29 Billion ≈ $2.06 Billion |
-1.84% |
| 2014-12-31 | NT$66.51 Billion ≈ $2.10 Billion |
+13.66% |
| 2013-12-31 | NT$58.52 Billion ≈ $1.84 Billion |
+15.18% |
| 2012-12-31 | NT$50.81 Billion ≈ $1.60 Billion |
+1.48% |
| 2011-12-31 | NT$50.06 Billion ≈ $1.58 Billion |
-1.64% |
| 2010-12-31 | NT$50.90 Billion ≈ $1.60 Billion |
-2.27% |
| 2009-12-31 | NT$52.08 Billion ≈ $1.64 Billion |
+2.25% |
| 2008-12-31 | NT$50.94 Billion ≈ $1.60 Billion |
+57.19% |
| 2007-12-31 | NT$32.41 Billion ≈ $1.02 Billion |
-63.95% |
| 2006-12-31 | NT$89.89 Billion ≈ $2.83 Billion |
+2.39% |
| 2005-12-31 | NT$87.80 Billion ≈ $2.77 Billion |
+8.43% |
| 2004-12-31 | NT$80.97 Billion ≈ $2.55 Billion |
+17.03% |
| 2003-12-31 | NT$69.19 Billion ≈ $2.18 Billion |
+7.71% |
| 2002-12-31 | NT$64.24 Billion ≈ $2.02 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Mobile Co Ltd'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 121.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$33.19 Billion | 38.53% |
| Common Stock | NT$37.23 Billion | 43.22% |
| Other Comprehensive Income | NT$36.18 Billion | 42.00% |
| Total Equity | NT$86.14 Billion | 100.00% |
Taiwan Mobile Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Mobile Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Banco Santander (Brasil) S.A.
SA:SANB3
|
$10.63 Billion |
|
Zhejiang China Commodities City Group Co Ltd
SHG:600415
|
$10.63 Billion |
|
Suzano S.A.
SA:SUZB3
|
$10.63 Billion |
|
Zhaojin Mining Industry Company Limited
F:ZVL
|
$10.65 Billion |
|
RenaissanceRe Holdings Ltd
F:RRJ
|
$10.62 Billion |
|
Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia
SHE:002128
|
$10.61 Billion |
|
Allison Transmission Holdings Inc
NYSE:ALSN
|
$10.60 Billion |
|
Yintai Resources Co Ltd
SHE:000975
|
$10.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Mobile Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 85,400,360,000 to 86,139,857,000, a change of 739,497,000 (0.9%).
- Net income of 14,437,394,000 contributed positively to equity growth.
- Dividend payments of 15,457,808,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,553,589,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$14.44 Billion | +16.76% |
| Dividends Paid | NT$15.46 Billion | -17.95% |
| Other Comprehensive Income | NT$1.55 Billion | +1.8% |
| Other Changes | NT$206.32 Million | +0.24% |
| Total Change | NT$- | 0.87% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Mobile Co Ltd'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: 4.40x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 4.22x to 4.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$26.41 | NT$111.50 | x |
| 2007-12-31 | NT$8.99 | NT$111.50 | x |
| 2008-12-31 | NT$19.02 | NT$111.50 | x |
| 2009-12-31 | NT$19.36 | NT$111.50 | x |
| 2010-12-31 | NT$16.97 | NT$111.50 | x |
| 2011-12-31 | NT$17.06 | NT$111.50 | x |
| 2012-12-31 | NT$18.45 | NT$111.50 | x |
| 2013-12-31 | NT$21.30 | NT$111.50 | x |
| 2014-12-31 | NT$22.29 | NT$111.50 | x |
| 2015-12-31 | NT$21.83 | NT$111.50 | x |
| 2016-12-31 | NT$22.08 | NT$111.50 | x |
| 2017-12-31 | NT$21.17 | NT$111.50 | x |
| 2018-12-31 | NT$21.93 | NT$111.50 | x |
| 2019-12-31 | NT$24.09 | NT$111.50 | x |
| 2020-12-31 | NT$23.14 | NT$111.50 | x |
| 2021-12-31 | NT$23.20 | NT$111.50 | x |
| 2022-12-31 | NT$22.83 | NT$111.50 | x |
| 2023-12-31 | NT$29.84 | NT$111.50 | x |
| 2024-12-31 | NT$28.19 | NT$111.50 | x |
| 2025-12-31 | NT$25.35 | NT$111.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Mobile Co Ltd 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): 16.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.26%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.72x
- Recent ROE (16.76%) is below the historical average (22.03%), 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 | 23.25% | 25.60% | 0.38x | 2.39x | NT$8.51 Billion |
| 2003 | 19.29% | 22.39% | 0.44x | 1.97x | NT$6.43 Billion |
| 2004 | 20.57% | 30.20% | 0.44x | 1.55x | NT$8.56 Billion |
| 2005 | 18.67% | 27.32% | 0.50x | 1.38x | NT$7.54 Billion |
| 2006 | 18.04% | 27.53% | 0.50x | 1.32x | NT$7.23 Billion |
| 2007 | 21.26% | 10.24% | 0.67x | 3.08x | NT$3.59 Billion |
| 2008 | 30.20% | 22.18% | 0.75x | 1.81x | NT$10.28 Billion |
| 2009 | 26.67% | 20.28% | 0.80x | 1.65x | NT$8.68 Billion |
| 2010 | 27.17% | 19.70% | 0.82x | 1.68x | NT$8.74 Billion |
| 2011 | 27.52% | 16.55% | 0.89x | 1.88x | NT$8.57 Billion |
| 2012 | 29.55% | 14.97% | 1.06x | 1.86x | NT$9.72 Billion |
| 2013 | 27.13% | 14.28% | 0.79x | 2.41x | NT$9.84 Billion |
| 2014 | 24.90% | 13.32% | 0.73x | 2.55x | NT$8.98 Billion |
| 2015 | 26.34% | 13.51% | 0.74x | 2.62x | NT$9.73 Billion |
| 2016 | 25.36% | 13.13% | 0.77x | 2.51x | NT$9.28 Billion |
| 2017 | 23.80% | 12.11% | 0.76x | 2.59x | NT$8.23 Billion |
| 2018 | 22.05% | 11.49% | 0.80x | 2.39x | NT$7.45 Billion |
| 2019 | 18.35% | 10.03% | 0.81x | 2.26x | NT$5.68 Billion |
| 2020 | 17.27% | 8.50% | 0.72x | 2.82x | NT$4.75 Billion |
| 2021 | 16.77% | 7.04% | 0.82x | 2.91x | NT$4.43 Billion |
| 2022 | 17.10% | 6.40% | 0.89x | 2.99x | NT$4.58 Billion |
| 2023 | 14.47% | 6.69% | 0.75x | 2.86x | NT$3.79 Billion |
| 2024 | 16.18% | 6.93% | 0.83x | 2.83x | NT$5.28 Billion |
| 2025 | 16.76% | 7.26% | 0.85x | 2.72x | NT$5.82 Billion |
Industry Comparison
This section compares Taiwan Mobile Co Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $3,048,306,000
- Average return on equity (ROE) among peers: 10.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Mobile Co Ltd (3045) | NT$94.55 Billion | 23.25% | 1.48x | $10.62 Billion |
| Tsann Kuen Enterprise Co Ltd (2430) | $5.65 Billion | 8.32% | 1.26x | $73.41 Million |
| Shan-Loong Transportation Co Ltd (2616) | $3.89 Billion | -12.00% | 1.28x | $60.81 Million |
| Collins Co Ltd (2906) | $3.24 Billion | 3.24% | 0.53x | $81.70 Million |
| Gseven Co Ltd (2937) | $830.23 Million | 16.91% | 2.48x | $60.02 Million |
| Scan-D (6195) | $798.53 Million | 23.90% | 0.94x | $37.48 Million |
| E-Life Mall Corp (6281) | $2.21 Billion | 20.73% | 1.08x | $156.22 Million |
| Bon Fame Co Ltd (8433) | $1.41 Billion | 12.36% | 1.22x | $93.77 Million |
| North-Star International Co Ltd (8927) | $4.60 Billion | 2.86% | 2.63x | $267.54 Million |
| National Petroleum Co Ltd (9937) | $4.81 Billion | 15.30% | 1.08x | $549.14 Million |
About Taiwan Mobile Co Ltd
Taiwan Mobile Co., Ltd. provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally. It operates through Telecommunications, Retail, Cable Television and Broadband, and Others segments. The company provides 5g, postpaid, prepaid, e-sim, international call, international roaming, and gaming services. Taiwan Mobile Co., Ltd. was incorporated in 1997… Read more