TPK Holding Co Ltd (3673) - Net Assets
Based on the latest financial reports, TPK Holding Co Ltd (3673) has net assets worth NT$38.34 Billion TWD (≈ $1.21 Billion 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$84.33 Billion ≈ $2.66 Billion USD) and total liabilities (NT$46.00 Billion ≈ $1.45 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 TPK Holding Co Ltd 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$38.34 Billion |
| % of Total Assets | 45.46% |
| Annual Growth Rate | 17.28% |
| 5-Year Change | 9.67% |
| 10-Year Change | 28.04% |
| Growth Volatility | 49.1 |
TPK Holding Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how TPK Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. See TPK Holding Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for TPK Holding Co Ltd (2007–2024)
The table below shows the annual net assets of TPK Holding Co Ltd from 2007 to 2024. For live valuation and market cap data, see 3673 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$40.37 Billion ≈ $1.27 Billion |
+9.25% |
| 2023-12-31 | NT$36.95 Billion ≈ $1.16 Billion |
-1.14% |
| 2022-12-31 | NT$37.37 Billion ≈ $1.18 Billion |
+5.61% |
| 2021-12-31 | NT$35.39 Billion ≈ $1.11 Billion |
-3.86% |
| 2020-12-31 | NT$36.81 Billion ≈ $1.16 Billion |
+1.76% |
| 2019-12-31 | NT$36.17 Billion ≈ $1.14 Billion |
-2.88% |
| 2018-12-31 | NT$37.24 Billion ≈ $1.17 Billion |
+0.19% |
| 2017-12-31 | NT$37.17 Billion ≈ $1.17 Billion |
+26.38% |
| 2016-12-31 | NT$29.41 Billion ≈ $926.65 Million |
-6.71% |
| 2015-12-31 | NT$31.53 Billion ≈ $993.26 Million |
-31.69% |
| 2014-12-31 | NT$46.15 Billion ≈ $1.45 Billion |
+2.84% |
| 2013-12-31 | NT$44.88 Billion ≈ $1.41 Billion |
-2.90% |
| 2012-12-31 | NT$46.22 Billion ≈ $1.46 Billion |
+57.39% |
| 2011-12-31 | NT$29.36 Billion ≈ $925.08 Million |
+98.49% |
| 2010-12-31 | NT$14.79 Billion ≈ $466.06 Million |
+178.07% |
| 2009-12-31 | NT$5.32 Billion ≈ $167.60 Million |
+64.08% |
| 2008-12-31 | NT$3.24 Billion ≈ $102.15 Million |
+20.76% |
| 2007-12-31 | NT$2.68 Billion ≈ $84.59 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TPK Holding 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 decreased by 3079.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$4.07 Billion | 10.14% |
| Other Comprehensive Income | NT$13.38 Billion | 33.34% |
| Other Components | NT$26.17 Billion | 65.23% |
| Total Equity | NT$40.12 Billion | 100.00% |
TPK Holding Co Ltd Competitors by Market Cap
The table below lists competitors of TPK Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tsakos Energy Navigation Limited
NYSE:TEN
|
$1.11 Billion |
|
Tsakos Energy Navigation Limited
F:TK41
|
$1.11 Billion |
|
Jingjin Environmental Protection Co Ltd
SHG:603279
|
$1.11 Billion |
|
Eyebright Medical Technology Beijing Co Ltd
SHG:688050
|
$1.11 Billion |
|
Zhongnanhong Culture Group Co Ltd
SHE:002445
|
$1.11 Billion |
|
Polyrocks Chemical Co Ltd
SHG:688669
|
$1.11 Billion |
|
TUYA INC.ADR/1A
F:785
|
$1.11 Billion |
|
Jubilant Ingrevia Limited
NSE:JUBLINGREA
|
$1.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TPK Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,652,588,000 to 40,123,065,000, a change of 3,470,477,000 (9.5%).
- Net income of 473,062,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 5,581,095,000.
- Other factors decreased equity by 2,583,680,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$473.06 Million | +1.18% |
| Other Comprehensive Income | NT$5.58 Billion | +13.91% |
| Other Changes | NT$-2.58 Billion | -6.44% |
| Total Change | NT$- | 9.47% |
Book Value vs Market Value Analysis
This analysis compares TPK Holding 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: 0.88x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 7.87x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | NT$11.00 | NT$86.60 | x |
| 2008-12-31 | NT$13.25 | NT$86.60 | x |
| 2009-12-31 | NT$19.88 | NT$86.60 | x |
| 2010-12-31 | NT$52.88 | NT$86.60 | x |
| 2011-12-31 | NT$90.11 | NT$86.60 | x |
| 2012-12-31 | NT$135.60 | NT$86.60 | x |
| 2013-12-31 | NT$121.42 | NT$86.60 | x |
| 2014-12-31 | NT$136.92 | NT$86.60 | x |
| 2015-12-31 | NT$89.95 | NT$86.60 | x |
| 2016-12-31 | NT$84.92 | NT$86.60 | x |
| 2017-12-31 | NT$94.93 | NT$86.60 | x |
| 2018-12-31 | NT$90.71 | NT$86.60 | x |
| 2019-12-31 | NT$88.93 | NT$86.60 | x |
| 2020-12-31 | NT$90.15 | NT$86.60 | x |
| 2021-12-31 | NT$86.58 | NT$86.60 | x |
| 2022-12-31 | NT$91.05 | NT$86.60 | x |
| 2023-12-31 | NT$90.11 | NT$86.60 | x |
| 2024-12-31 | NT$98.67 | NT$86.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TPK Holding Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.69%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 2.22x
- Recent ROE (1.18%) is below the historical average (7.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 6.01% | 2.79% | 0.77x | 2.79x | NT$-107.11 Million |
| 2008 | 11.98% | 3.00% | 1.51x | 2.64x | NT$64.28 Million |
| 2009 | 43.70% | 12.38% | 1.70x | 2.07x | NT$1.79 Billion |
| 2010 | 32.05% | 7.96% | 1.42x | 2.83x | NT$3.26 Billion |
| 2011 | 38.82% | 7.91% | 1.54x | 3.18x | NT$8.42 Billion |
| 2012 | 30.31% | 7.96% | 1.32x | 2.88x | NT$9.26 Billion |
| 2013 | 16.35% | 4.52% | 1.05x | 3.44x | NT$2.79 Billion |
| 2014 | 0.61% | 0.21% | 0.85x | 3.37x | NT$-4.26 Billion |
| 2015 | -64.32% | -16.48% | 1.05x | 3.70x | NT$-23.12 Billion |
| 2016 | -5.03% | -1.64% | 1.02x | 3.01x | NT$-4.38 Billion |
| 2017 | 6.51% | 2.24% | 1.29x | 2.25x | NT$-1.29 Billion |
| 2018 | 0.61% | 0.20% | 1.35x | 2.28x | NT$-3.47 Billion |
| 2019 | 0.84% | 0.22% | 1.60x | 2.36x | NT$-3.31 Billion |
| 2020 | 2.81% | 0.90% | 1.37x | 2.28x | NT$-2.64 Billion |
| 2021 | 3.03% | 1.04% | 1.33x | 2.21x | NT$-2.45 Billion |
| 2022 | 1.47% | 0.56% | 1.16x | 2.26x | NT$-3.16 Billion |
| 2023 | 0.57% | 0.30% | 0.80x | 2.40x | NT$-3.46 Billion |
| 2024 | 1.18% | 0.69% | 0.77x | 2.22x | NT$-3.54 Billion |
Industry Comparison
This section compares TPK Holding Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $159,345,053,500
- Average return on equity (ROE) among peers: 6.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TPK Holding Co Ltd (3673) | NT$38.34 Billion | 6.01% | 1.20x | $1.11 Billion |
| Syncmold Enterprise Corp (1582) | $184.49 Million | 15.30% | 0.73x | $415.89 Million |
| Fulltech Fiber Glass (1815) | $6.62 Billion | -7.24% | 1.18x | $1.56 Billion |
| Delta Electronics Inc (2308) | $33.12 Billion | 20.11% | 0.96x | $176.36 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.58 Billion | 6.24% | 1.23x | $9.91 Billion |
| WUS Printed Circuit Co Ltd (2316) | $5.86 Billion | -8.61% | 1.01x | $1.07 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $1.48 Trillion | 6.88% | 1.48x | $119.65 Billion |
| Yageo Corp (2327) | $31.33 Billion | 21.85% | 1.22x | $64.25 Billion |
| Pan-International Industrial Corp (2328) | $11.32 Billion | 2.51% | 0.66x | $859.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $6.89 Billion | 10.93% | 0.75x | $726.35 Million |
| Solomon Technology Corp (2359) | $3.80 Billion | 0.00% | 1.33x | $712.68 Million |
About TPK Holding Co Ltd
TPK Holding Co., Ltd., together with its subsidiaries, develops, manufactures, and sells touch modules and displays, and indium tin oxide glass-related products in Taiwan, China, rest of Asia, the United States, rest of North America, Europe, and internationally. The company also offers protective glass covers and full lamination services; touch/display solutions for tablets/notebooks, intelligen… Read more