104 Corporation (3130) - Net Assets
Based on the latest financial reports, 104 Corporation (3130) has net assets worth NT$1.82 Billion TWD (≈ $57.46 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$3.99 Billion ≈ $125.77 Million USD) and total liabilities (NT$2.17 Billion ≈ $68.31 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 104 Corporation tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.82 Billion |
| % of Total Assets | 45.68% |
| Annual Growth Rate | 9.67% |
| 5-Year Change | 8.66% |
| 10-Year Change | 8.88% |
| Growth Volatility | 21.32 |
104 Corporation - Net Assets Trend (2002–2025)
This chart illustrates how 104 Corporation's net assets have evolved over time, based on quarterly financial data. See 3130 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for 104 Corporation (2002–2025)
The table below shows the annual net assets of 104 Corporation from 2002 to 2025. For live valuation and market cap data, see 3130 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.71 Billion ≈ $53.93 Million |
+1.57% |
| 2024-12-31 | NT$1.69 Billion ≈ $53.10 Million |
+1.65% |
| 2023-12-31 | NT$1.66 Billion ≈ $52.24 Million |
+0.31% |
| 2022-12-31 | NT$1.65 Billion ≈ $52.08 Million |
+4.92% |
| 2021-12-31 | NT$1.58 Billion ≈ $49.64 Million |
+7.49% |
| 2020-12-31 | NT$1.47 Billion ≈ $46.18 Million |
-2.21% |
| 2019-12-31 | NT$1.50 Billion ≈ $47.22 Million |
-0.10% |
| 2018-12-31 | NT$1.50 Billion ≈ $47.27 Million |
-2.17% |
| 2017-12-31 | NT$1.53 Billion ≈ $48.32 Million |
-2.45% |
| 2016-12-31 | NT$1.57 Billion ≈ $49.53 Million |
+9.46% |
| 2015-12-31 | NT$1.44 Billion ≈ $45.25 Million |
+7.81% |
| 2014-12-31 | NT$1.33 Billion ≈ $41.97 Million |
+9.36% |
| 2013-12-31 | NT$1.22 Billion ≈ $38.38 Million |
+10.14% |
| 2012-12-31 | NT$1.11 Billion ≈ $34.85 Million |
-10.91% |
| 2011-12-31 | NT$1.24 Billion ≈ $39.11 Million |
+2.70% |
| 2010-12-31 | NT$1.21 Billion ≈ $38.08 Million |
+11.56% |
| 2009-12-31 | NT$1.08 Billion ≈ $34.14 Million |
+1.27% |
| 2008-12-31 | NT$1.07 Billion ≈ $33.71 Million |
+1.41% |
| 2007-12-31 | NT$1.06 Billion ≈ $33.24 Million |
-0.57% |
| 2006-12-31 | NT$1.06 Billion ≈ $33.43 Million |
+55.47% |
| 2005-12-31 | NT$682.57 Million ≈ $21.50 Million |
+27.00% |
| 2004-12-31 | NT$537.46 Million ≈ $16.93 Million |
+84.13% |
| 2003-12-31 | NT$291.90 Million ≈ $9.20 Million |
+42.60% |
| 2002-12-31 | NT$204.70 Million ≈ $6.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to 104 Corporation'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 650.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$602.93 Million | 35.22% |
| Common Stock | NT$331.91 Million | 19.39% |
| Other Comprehensive Income | NT$379.42 Million | 22.16% |
| Other Components | NT$397.57 Million | 23.23% |
| Total Equity | NT$1.71 Billion | 100.00% |
104 Corporation Competitors by Market Cap
The table below lists competitors of 104 Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China General Plastics Corp
TW:1305
|
$234.32 Million |
|
H+H International A/S
CO:HH
|
$234.56 Million |
|
Abony Acquisition Corp. I Class A Ordinary Share
NASDAQ:AACO
|
$234.58 Million |
|
Blue Bird Tbk PT
JK:BIRD
|
$234.58 Million |
|
P.C.B Tec
TA:PCBT
|
$234.21 Million |
|
Micware Co., Ltd. American Depositary Shares
NASDAQ:MWC
|
$234.20 Million |
|
Shanghai Hongda New Material Co Ltd
SHE:002211
|
$234.15 Million |
|
Hana Financial 7 SPAC
KQ:230240
|
$234.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 104 Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,685,301,000 to 1,711,826,000, a change of 26,525,000 (1.6%).
- Net income of 488,047,000 contributed positively to equity growth.
- Dividend payments of 469,356,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,590,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$488.05 Million | +28.51% |
| Dividends Paid | NT$469.36 Million | -27.42% |
| Other Comprehensive Income | NT$-1.59 Million | -0.09% |
| Other Changes | NT$9.42 Million | +0.55% |
| Total Change | NT$- | 1.57% |
Book Value vs Market Value Analysis
This analysis compares 104 Corporation'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: 4.38x
- 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 decreased from 7.06x to 4.38x 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$31.71 | NT$224.00 | x |
| 2010-12-31 | NT$35.04 | NT$224.00 | x |
| 2011-12-31 | NT$35.93 | NT$224.00 | x |
| 2012-12-31 | NT$32.04 | NT$224.00 | x |
| 2013-12-31 | NT$37.08 | NT$224.00 | x |
| 2014-12-31 | NT$39.78 | NT$224.00 | x |
| 2015-12-31 | NT$42.66 | NT$224.00 | x |
| 2016-12-31 | NT$46.78 | NT$224.00 | x |
| 2017-12-31 | NT$45.62 | NT$224.00 | x |
| 2018-12-31 | NT$44.66 | NT$224.00 | x |
| 2019-12-31 | NT$44.61 | NT$224.00 | x |
| 2020-12-31 | NT$43.72 | NT$224.00 | x |
| 2021-12-31 | NT$47.06 | NT$224.00 | x |
| 2022-12-31 | NT$49.41 | NT$224.00 | x |
| 2023-12-31 | NT$49.55 | NT$224.00 | x |
| 2024-12-31 | NT$50.37 | NT$224.00 | x |
| 2025-12-31 | NT$51.15 | NT$224.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 104 Corporation 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): 28.51%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.25%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.32x
- Recent ROE (28.51%) is above the historical average (26.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 38.97% | 19.85% | 1.20x | 1.64x | NT$59.30 Million |
| 2003 | 49.32% | 26.48% | 1.20x | 1.55x | NT$114.76 Million |
| 2004 | 46.45% | 26.41% | 1.11x | 1.59x | NT$195.89 Million |
| 2005 | 43.74% | 22.65% | 1.31x | 1.47x | NT$228.81 Million |
| 2007 | 23.78% | 14.42% | 1.20x | 1.37x | NT$142.23 Million |
| 2008 | 22.61% | 12.83% | 1.27x | 1.39x | NT$132.92 Million |
| 2009 | 15.86% | 9.18% | 1.22x | 1.42x | NT$63.37 Million |
| 2010 | 21.67% | 11.47% | 1.28x | 1.48x | NT$140.75 Million |
| 2011 | 18.41% | 9.78% | 1.26x | 1.50x | NT$104.21 Million |
| 2012 | 15.49% | 8.12% | 1.24x | 1.54x | NT$60.54 Million |
| 2013 | 19.88% | 10.98% | 1.15x | 1.57x | NT$120.00 Million |
| 2014 | 23.43% | 12.61% | 1.14x | 1.63x | NT$178.03 Million |
| 2015 | 23.07% | 23.39% | 0.59x | 1.67x | NT$186.78 Million |
| 2016 | 25.45% | 27.38% | 0.63x | 1.47x | NT$241.85 Million |
| 2017 | 20.84% | 20.66% | 0.66x | 1.53x | NT$165.50 Million |
| 2018 | 18.90% | 17.89% | 0.65x | 1.63x | NT$132.89 Million |
| 2019 | 19.19% | 17.48% | 0.63x | 1.73x | NT$136.93 Million |
| 2020 | 17.72% | 15.83% | 0.62x | 1.82x | NT$112.73 Million |
| 2021 | 23.55% | 20.01% | 0.63x | 1.87x | NT$213.13 Million |
| 2022 | 26.94% | 20.43% | 0.66x | 2.01x | NT$279.97 Million |
| 2023 | 27.24% | 19.39% | 0.66x | 2.13x | NT$285.76 Million |
| 2024 | 27.85% | 18.78% | 0.67x | 2.22x | NT$300.83 Million |
| 2025 | 28.51% | 18.25% | 0.67x | 2.32x | NT$316.86 Million |
Industry Comparison
This section compares 104 Corporation's net assets metrics with peer companies in the Staffing & Employment Services industry.
No peer company data available for comparison.
About 104 Corporation
104 Corporation engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally. It offers online recruitment, advertising, learning, HR Salary management system, HR assessment, and executive search services. The company provides career placement and career service, educational services for career development, employer … Read more