Leadtrend Technology Corp
Leadtrend Technology Corporation engages in research, development, production, manufacturing, and sale of analog integrated circuits in Taiwan, Mainland China, Korea, and Other countries. It offers hi-power controllers, including interleaved transition mode PFC, PFC with LLC, transition mode PFC, PFC with QR, and AHB controllers; mid-power controllers comprising primary side regulator controllers… Read more
Leadtrend Technology Corp (3588) - Net Assets
Latest net assets as of September 2025: NT$1.72 Billion TWD
Based on the latest financial reports, Leadtrend Technology Corp (3588) has net assets worth NT$1.72 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$1.96 Billion) and total liabilities (NT$245.96 Million). 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$1.72 Billion |
| % of Total Assets | 87.47% |
| Annual Growth Rate | 7.9% |
| 5-Year Change | 32.87% |
| 10-Year Change | 44.67% |
| Growth Volatility | 23.06 |
Leadtrend Technology Corp - Net Assets Trend (2008–2024)
This chart illustrates how Leadtrend Technology 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 Leadtrend Technology Corp (2008–2024)
The table below shows the annual net assets of Leadtrend Technology Corp from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.77 Billion | +7.48% |
| 2023-12-31 | NT$1.64 Billion | -0.60% |
| 2022-12-31 | NT$1.65 Billion | +0.33% |
| 2021-12-31 | NT$1.65 Billion | +23.97% |
| 2020-12-31 | NT$1.33 Billion | +1.64% |
| 2019-12-31 | NT$1.31 Billion | -0.83% |
| 2018-12-31 | NT$1.32 Billion | +1.55% |
| 2017-12-31 | NT$1.30 Billion | +3.36% |
| 2016-12-31 | NT$1.26 Billion | +2.93% |
| 2015-12-31 | NT$1.22 Billion | +1.44% |
| 2014-12-31 | NT$1.20 Billion | +3.99% |
| 2013-12-31 | NT$1.16 Billion | +0.77% |
| 2012-12-31 | NT$1.15 Billion | +1.65% |
| 2011-12-31 | NT$1.13 Billion | -2.21% |
| 2010-12-31 | NT$1.16 Billion | +12.91% |
| 2009-12-31 | NT$1.02 Billion | +95.60% |
| 2008-12-31 | NT$523.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Leadtrend Technology 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 240.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$581.83 Million | 32.95% |
| Common Stock | NT$604.42 Million | 34.23% |
| Other Comprehensive Income | NT$290.28 Million | 16.44% |
| Other Components | NT$289.26 Million | 16.38% |
| Total Equity | NT$1.77 Billion | 100.00% |
Leadtrend Technology Corp Competitors by Market Cap
The table below lists competitors of Leadtrend Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
QVC Group Inc.
NASDAQ:QVCGB
|
$80.77 Million |
|
Dongwha Enterprise Co.Ltd
KQ:025900
|
$80.79 Million |
|
Quarterhill Inc
OTCQX:QTRHF
|
$80.79 Million |
|
Bank Ganesha Tbk PT
JK:BGTG
|
$80.79 Million |
|
AN2 Therapeutics Inc
NASDAQ:ANTX
|
$80.73 Million |
|
Société de Services de Participations de Direction et d'Elaboration
BR:SPA
|
$80.73 Million |
|
Spheria Emerging Companies Ltd
AU:SEC
|
$80.72 Million |
|
Fu Chun Shin Machinery Manufacture Co Ltd
TWO:6603
|
$80.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Leadtrend Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,642,961,000 to 1,765,792,000, a change of 122,831,000 (7.5%).
- Net income of 111,889,000 contributed positively to equity growth.
- Dividend payments of 23,275,000 reduced retained earnings.
- Other comprehensive income increased equity by 25,348,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$111.89 Million | +6.34% |
| Dividends Paid | NT$23.27 Million | -1.32% |
| Other Comprehensive Income | NT$25.35 Million | +1.44% |
| Other Changes | NT$8.87 Million | +0.5% |
| Total Change | NT$- | 7.48% |
Book Value vs Market Value Analysis
This analysis compares Leadtrend Technology 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: 1.69x
- 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 2.48x to 1.69x 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$19.98 | NT$49.60 | x |
| 2010-12-31 | NT$21.50 | NT$49.60 | x |
| 2011-12-31 | NT$20.00 | NT$49.60 | x |
| 2012-12-31 | NT$20.61 | NT$49.60 | x |
| 2013-12-31 | NT$20.76 | NT$49.60 | x |
| 2014-12-31 | NT$21.38 | NT$49.60 | x |
| 2015-12-31 | NT$21.49 | NT$49.60 | x |
| 2016-12-31 | NT$21.96 | NT$49.60 | x |
| 2017-12-31 | NT$22.78 | NT$49.60 | x |
| 2018-12-31 | NT$23.11 | NT$49.60 | x |
| 2019-12-31 | NT$23.00 | NT$49.60 | x |
| 2020-12-31 | NT$23.24 | NT$49.60 | x |
| 2021-12-31 | NT$28.22 | NT$49.60 | x |
| 2022-12-31 | NT$28.06 | NT$49.60 | x |
| 2023-12-31 | NT$27.48 | NT$49.60 | x |
| 2024-12-31 | NT$29.39 | NT$49.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leadtrend Technology 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): 6.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.70%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.17x
- Recent ROE (6.34%) is below the historical average (10.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 29.72% | 18.34% | 1.26x | 1.29x | NT$103.16 Million |
| 2009 | 20.77% | 21.86% | 0.79x | 1.20x | NT$110.16 Million |
| 2010 | 23.21% | 21.58% | 0.88x | 1.22x | NT$152.57 Million |
| 2011 | 12.55% | 14.56% | 0.75x | 1.16x | NT$28.77 Million |
| 2012 | 10.77% | 11.42% | 0.82x | 1.15x | NT$8.79 Million |
| 2013 | 9.77% | 10.65% | 0.77x | 1.18x | NT$-2.60 Million |
| 2014 | 8.66% | 9.70% | 0.75x | 1.18x | NT$-16.18 Million |
| 2015 | 8.00% | 9.40% | 0.72x | 1.18x | NT$-24.41 Million |
| 2016 | 8.22% | 8.44% | 0.77x | 1.26x | NT$-22.35 Million |
| 2017 | 1.58% | 2.01% | 0.64x | 1.23x | NT$-109.29 Million |
| 2018 | 2.81% | 3.43% | 0.68x | 1.21x | NT$-94.84 Million |
| 2019 | 1.79% | 2.23% | 0.68x | 1.17x | NT$-107.38 Million |
| 2020 | 4.55% | 4.18% | 0.90x | 1.21x | NT$-72.39 Million |
| 2021 | 19.97% | 15.41% | 0.98x | 1.32x | NT$164.22 Million |
| 2022 | 9.22% | 9.34% | 0.86x | 1.14x | NT$-12.93 Million |
| 2023 | 1.76% | 2.53% | 0.61x | 1.14x | NT$-135.43 Million |
| 2024 | 6.34% | 7.70% | 0.70x | 1.17x | NT$-64.69 Million |
Industry Comparison
This section compares Leadtrend Technology Corp's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $20,387,667,400
- Average return on equity (ROE) among peers: -0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leadtrend Technology Corp (3588) | NT$1.72 Billion | 29.72% | 0.14x | $80.75 Million |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Winbond Electronics Corp (2344) | $78.11 Billion | 0.00% | 0.35x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |