Innolux Corp (3481) - Net Assets
Based on the latest financial reports, Innolux Corp (3481) has net assets worth NT$229.09 Billion TWD (≈ $7.22 Billion 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$387.25 Billion ≈ $12.20 Billion USD) and total liabilities (NT$158.17 Billion ≈ $4.98 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 Innolux Corp tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$229.09 Billion |
| % of Total Assets | 59.16% |
| Annual Growth Rate | 13.65% |
| 5-Year Change | -26.68% |
| 10-Year Change | -1.12% |
| Growth Volatility | 52.66 |
Innolux Corp - Net Assets Trend (2004–2025)
This chart illustrates how Innolux Corp's net assets have evolved over time, based on quarterly financial data. See 3481 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Innolux Corp (2004–2025)
The table below shows the annual net assets of Innolux Corp from 2004 to 2025. For live valuation and market cap data, see market cap of Innolux Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$223.47 Billion ≈ $7.04 Billion |
-4.31% |
| 2024-12-31 | NT$233.54 Billion ≈ $7.36 Billion |
+2.03% |
| 2023-12-31 | NT$228.89 Billion ≈ $7.21 Billion |
-9.53% |
| 2022-12-31 | NT$252.99 Billion ≈ $7.97 Billion |
-17.00% |
| 2021-12-31 | NT$304.80 Billion ≈ $9.60 Billion |
+28.30% |
| 2020-12-31 | NT$237.57 Billion ≈ $7.48 Billion |
+2.35% |
| 2019-12-31 | NT$232.11 Billion ≈ $7.31 Billion |
-8.97% |
| 2018-12-31 | NT$254.99 Billion ≈ $8.03 Billion |
-3.53% |
| 2017-12-31 | NT$264.33 Billion ≈ $8.33 Billion |
+16.95% |
| 2016-12-31 | NT$226.01 Billion ≈ $7.12 Billion |
-2.69% |
| 2015-12-31 | NT$232.26 Billion ≈ $7.32 Billion |
+1.35% |
| 2014-12-31 | NT$229.17 Billion ≈ $7.22 Billion |
+17.78% |
| 2013-12-31 | NT$194.58 Billion ≈ $6.13 Billion |
+12.84% |
| 2012-12-31 | NT$172.44 Billion ≈ $5.43 Billion |
-13.20% |
| 2011-12-31 | NT$198.67 Billion ≈ $6.26 Billion |
-24.44% |
| 2010-12-31 | NT$262.92 Billion ≈ $8.28 Billion |
+177.66% |
| 2009-12-31 | NT$94.69 Billion ≈ $2.98 Billion |
-1.80% |
| 2008-12-31 | NT$96.42 Billion ≈ $3.04 Billion |
+1.18% |
| 2007-12-31 | NT$95.30 Billion ≈ $3.00 Billion |
+165.82% |
| 2006-12-31 | NT$35.85 Billion ≈ $1.13 Billion |
+45.94% |
| 2005-12-31 | NT$24.57 Billion ≈ $773.98 Million |
+61.47% |
| 2004-12-31 | NT$15.21 Billion ≈ $479.33 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Innolux 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 2831846200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$28.32 Billion | 12.79% |
| Common Stock | NT$79.89 Billion | 36.10% |
| Other Comprehensive Income | NT$11.91 Billion | 5.38% |
| Other Components | NT$101.20 Billion | 45.73% |
| Total Equity | NT$221.33 Billion | 100.00% |
Innolux Corp Competitors by Market Cap
The table below lists competitors of Innolux Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CP ALL Public Company Limited
BK:CPALL-R
|
$13.41 Billion |
|
Punjab National Bank
NSE:PNB
|
$13.42 Billion |
|
Inspur Electronic Info Industr
SHE:000977
|
$13.42 Billion |
|
REA Group Ltd
AU:REA
|
$13.45 Billion |
|
HDFC Life Insurance Company Limited
NSE:HDFCLIFE
|
$13.40 Billion |
|
Onto Innovation Inc
NYSE:ONTO
|
$13.40 Billion |
|
Argen-X
LSE:0QW0
|
$13.37 Billion |
|
Ares Capital Corporation
NASDAQ:ARCC
|
$13.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Innolux Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 231,771,346,000 to 221,325,097,000, a change of -10,446,249,000 (-4.5%).
- Net income of 249,764,000 contributed positively to equity growth.
- Dividend payments of 5,988,844,000 reduced retained earnings.
- Other comprehensive income decreased equity by 5,689,984,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$249.76 Million | +0.11% |
| Dividends Paid | NT$5.99 Billion | -2.71% |
| Other Comprehensive Income | NT$-5.69 Billion | -2.57% |
| Other Changes | NT$982.82 Million | +0.44% |
| Total Change | NT$- | -4.51% |
Book Value vs Market Value Analysis
This analysis compares Innolux 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: 1.92x
- 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 3.64x to 1.92x 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$14.64 | NT$53.30 | x |
| 2007-12-31 | NT$34.96 | NT$53.30 | x |
| 2008-12-31 | NT$32.05 | NT$53.30 | x |
| 2009-12-31 | NT$31.81 | NT$53.30 | x |
| 2010-12-31 | NT$43.43 | NT$53.30 | x |
| 2011-12-31 | NT$29.28 | NT$53.30 | x |
| 2012-12-31 | NT$24.96 | NT$53.30 | x |
| 2013-12-31 | NT$23.67 | NT$53.30 | x |
| 2014-12-31 | NT$26.41 | NT$53.30 | x |
| 2015-12-31 | NT$25.49 | NT$53.30 | x |
| 2016-12-31 | NT$24.96 | NT$53.30 | x |
| 2017-12-31 | NT$28.60 | NT$53.30 | x |
| 2018-12-31 | NT$28.13 | NT$53.30 | x |
| 2019-12-31 | NT$27.37 | NT$53.30 | x |
| 2020-12-31 | NT$28.54 | NT$53.30 | x |
| 2021-12-31 | NT$32.85 | NT$53.30 | x |
| 2022-12-31 | NT$26.18 | NT$53.30 | x |
| 2023-12-31 | NT$24.60 | NT$53.30 | x |
| 2024-12-31 | NT$26.85 | NT$53.30 | x |
| 2025-12-31 | NT$27.70 | NT$53.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Innolux Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.11%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.74x
- Recent ROE (0.11%) is above the historical average (0.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 1.68% | 0.78% | 0.69x | 3.12x | NT$-2.01 Billion |
| 2006 | 7.97% | 2.67% | 1.16x | 2.58x | NT$-718.38 Million |
| 2007 | 16.94% | 10.27% | 1.06x | 1.55x | NT$6.62 Billion |
| 2008 | 5.03% | 3.02% | 1.01x | 1.65x | NT$-4.79 Billion |
| 2009 | -2.53% | -1.46% | 0.91x | 1.91x | NT$-11.87 Billion |
| 2010 | -5.73% | -3.01% | 0.69x | 2.75x | NT$-40.71 Billion |
| 2011 | -32.85% | -12.63% | 0.75x | 3.48x | NT$-84.06 Billion |
| 2012 | -17.09% | -6.04% | 0.85x | 3.34x | NT$-46.30 Billion |
| 2013 | 2.64% | 1.21% | 0.83x | 2.63x | NT$-14.20 Billion |
| 2014 | 9.52% | 5.06% | 0.89x | 2.12x | NT$-1.09 Billion |
| 2015 | 4.66% | 2.97% | 0.94x | 1.67x | NT$-12.41 Billion |
| 2016 | 0.83% | 0.65% | 0.77x | 1.64x | NT$-20.73 Billion |
| 2017 | 14.01% | 11.25% | 0.79x | 1.57x | NT$10.60 Billion |
| 2018 | 0.87% | 0.80% | 0.68x | 1.62x | NT$-23.28 Billion |
| 2019 | -7.52% | -6.92% | 0.68x | 1.59x | NT$-40.63 Billion |
| 2020 | 0.69% | 0.61% | 0.71x | 1.60x | NT$-22.10 Billion |
| 2021 | 18.90% | 16.43% | 0.75x | 1.54x | NT$27.10 Billion |
| 2022 | -11.06% | -12.48% | 0.58x | 1.52x | NT$-53.16 Billion |
| 2023 | -8.17% | -8.80% | 0.59x | 1.57x | NT$-41.46 Billion |
| 2024 | 2.79% | 2.99% | 0.60x | 1.55x | NT$-16.70 Billion |
| 2025 | 0.11% | 0.11% | 0.59x | 1.74x | NT$-21.88 Billion |
Industry Comparison
This section compares Innolux Corp's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $100,134,809,100
- Average return on equity (ROE) among peers: 6.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Innolux Corp (3481) | NT$229.09 Billion | 1.68% | 0.69x | $13.40 Billion |
| Syncmold Enterprise Corp (1582) | $7.04 Billion | 9.13% | 0.71x | $404.98 Million |
| Fulltech Fiber Glass (1815) | $5.38 Billion | 0.00% | 1.68x | $1.55 Billion |
| Delta Electronics Inc (2308) | $107.89 Billion | 16.48% | 0.83x | $181.55 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.58 Billion | 6.24% | 1.23x | $9.35 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.17 Billion | 8.78% | 0.87x | $971.75 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $809.31 Billion | 13.18% | 1.86x | $118.33 Billion |
| Yageo Corp (2327) | $24.05 Billion | 0.00% | 0.98x | $62.03 Billion |
| Pan-International Industrial Corp (2328) | $12.38 Billion | 5.52% | 0.28x | $849.20 Million |
| Chin-Poon Industrial Co Ltd (2355) | $9.53 Billion | 6.92% | 0.54x | $715.08 Million |
| Solomon Technology Corp (2359) | $3.04 Billion | 0.00% | 2.31x | $718.08 Million |
About Innolux Corp
Innolux Corporation, together with its subsidiaries, provides electronic components in Taiwan, Hong Kong, the United States, Europe, China, and internationally. It provides TFT-LCD panels, touch-control modules, and TV machine OEM; and small, medium, and large sized panels for a range application, such as LCD televisions, billboards, desktop monitors, notebooks, tablet computers, portable audio p… Read more