WPG Holdings Ltd (3702) - Net Assets
Based on the latest financial reports, WPG Holdings Ltd (3702) has net assets worth NT$92.64 Billion TWD (≈ $2.92 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$479.51 Billion ≈ $15.11 Billion USD) and total liabilities (NT$386.87 Billion ≈ $12.19 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 how tangible is WPG Holdings Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$92.64 Billion |
| % of Total Assets | 19.32% |
| Annual Growth Rate | 10.5% |
| 5-Year Change | 19.69% |
| 10-Year Change | 69.42% |
| Growth Volatility | 15.42 |
WPG Holdings Ltd - Net Assets Trend (2005–2025)
This chart illustrates how WPG Holdings Ltd's net assets have evolved over time, based on quarterly financial data. See WPG Holdings Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for WPG Holdings Ltd (2005–2025)
The table below shows the annual net assets of WPG Holdings Ltd from 2005 to 2025. For live valuation and market cap data, see WPG Holdings Ltd (3702) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$85.25 Billion ≈ $2.69 Billion |
+1.04% |
| 2024-12-31 | NT$84.37 Billion ≈ $2.66 Billion |
-0.32% |
| 2023-12-31 | NT$84.64 Billion ≈ $2.67 Billion |
+3.33% |
| 2022-12-31 | NT$81.91 Billion ≈ $2.58 Billion |
+15.01% |
| 2021-12-31 | NT$71.23 Billion ≈ $2.24 Billion |
+7.91% |
| 2020-12-31 | NT$66.00 Billion ≈ $2.08 Billion |
+3.18% |
| 2019-12-31 | NT$63.97 Billion ≈ $2.02 Billion |
+16.68% |
| 2018-12-31 | NT$54.82 Billion ≈ $1.73 Billion |
+5.32% |
| 2017-12-31 | NT$52.06 Billion ≈ $1.64 Billion |
+3.45% |
| 2016-12-31 | NT$50.32 Billion ≈ $1.59 Billion |
+4.14% |
| 2015-12-31 | NT$48.32 Billion ≈ $1.52 Billion |
+7.09% |
| 2014-12-31 | NT$45.12 Billion ≈ $1.42 Billion |
+12.98% |
| 2013-12-31 | NT$39.94 Billion ≈ $1.26 Billion |
+4.53% |
| 2012-12-31 | NT$38.21 Billion ≈ $1.20 Billion |
+1.04% |
| 2011-12-31 | NT$37.81 Billion ≈ $1.19 Billion |
+11.51% |
| 2010-12-31 | NT$33.91 Billion ≈ $1.07 Billion |
+67.50% |
| 2009-12-31 | NT$20.24 Billion ≈ $637.80 Million |
+37.18% |
| 2008-12-31 | NT$14.76 Billion ≈ $464.95 Million |
+2.31% |
| 2007-12-31 | NT$14.43 Billion ≈ $454.47 Million |
+19.07% |
| 2006-12-31 | NT$12.11 Billion ≈ $381.68 Million |
+4.72% |
| 2005-12-31 | NT$11.57 Billion ≈ $364.49 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to WPG Holdings 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 3670648200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$36.71 Billion | 44.31% |
| Common Stock | NT$16.79 Billion | 20.27% |
| Other Comprehensive Income | NT$9.92 Billion | 11.97% |
| Other Components | NT$19.43 Billion | 23.46% |
| Total Equity | NT$82.85 Billion | 100.00% |
WPG Holdings Ltd Competitors by Market Cap
The table below lists competitors of WPG Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SBM Offshore N.V.
AS:SBMO
|
$5.66 Billion |
|
Mega Or
TA:MGOR
|
$5.67 Billion |
|
Yang Ming Marine Transport Corp
TW:2609
|
$5.68 Billion |
|
Maase Inc.
NASDAQ:MAAS
|
$5.68 Billion |
|
Guangzhou Friendship Group Co Ltd
SHE:000987
|
$5.66 Billion |
|
Ampol Ltd
AU:ALD
|
$5.66 Billion |
|
Cipher Mining Inc
NASDAQ:CIFR
|
$5.66 Billion |
|
Dajin Heavy Industry Corp
SHE:002487
|
$5.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WPG Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 83,220,535,000 to 82,845,274,000, a change of -375,261,000 (-0.5%).
- Net income of 10,105,237,000 contributed positively to equity growth.
- Dividend payments of 5,797,436,000 reduced retained earnings.
- New share issuances of 284,044,000 increased equity.
- Other comprehensive income decreased equity by 7,399,822,000.
- Other factors increased equity by 2,432,716,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$10.11 Billion | +12.2% |
| Dividends Paid | NT$5.80 Billion | -7.0% |
| Share Issuances | NT$284.04 Million | +0.34% |
| Other Comprehensive Income | NT$-7.40 Billion | -8.93% |
| Other Changes | NT$2.43 Billion | +2.94% |
| Total Change | NT$- | -0.45% |
Book Value vs Market Value Analysis
This analysis compares WPG Holdings 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: 2.36x
- 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 7.86x to 2.36x 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$13.61 | NT$107.00 | x |
| 2007-12-31 | NT$16.56 | NT$107.00 | x |
| 2008-12-31 | NT$16.21 | NT$107.00 | x |
| 2009-12-31 | NT$19.27 | NT$107.00 | x |
| 2010-12-31 | NT$30.46 | NT$107.00 | x |
| 2011-12-31 | NT$25.45 | NT$107.00 | x |
| 2012-12-31 | NT$25.19 | NT$107.00 | x |
| 2013-12-31 | NT$26.14 | NT$107.00 | x |
| 2014-12-31 | NT$28.44 | NT$107.00 | x |
| 2015-12-31 | NT$28.70 | NT$107.00 | x |
| 2016-12-31 | NT$29.74 | NT$107.00 | x |
| 2017-12-31 | NT$28.22 | NT$107.00 | x |
| 2018-12-31 | NT$30.76 | NT$107.00 | x |
| 2019-12-31 | NT$37.78 | NT$107.00 | x |
| 2020-12-31 | NT$38.96 | NT$107.00 | x |
| 2021-12-31 | NT$41.88 | NT$107.00 | x |
| 2022-12-31 | NT$48.27 | NT$107.00 | x |
| 2023-12-31 | NT$49.80 | NT$107.00 | x |
| 2024-12-31 | NT$49.28 | NT$107.00 | x |
| 2025-12-31 | NT$45.33 | NT$107.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WPG Holdings 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): 12.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.01%
- • Asset Turnover: 2.43x
- • Equity Multiplier: 4.96x
- Recent ROE (12.20%) is below the historical average (12.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 11.75% | 1.19% | 3.11x | 3.17x | NT$206.74 Million |
| 2007 | 18.12% | 1.79% | 3.02x | 3.35x | NT$1.15 Billion |
| 2008 | 12.56% | 1.29% | 3.37x | 2.90x | NT$375.25 Million |
| 2009 | 17.24% | 1.76% | 3.28x | 2.97x | NT$1.46 Billion |
| 2010 | 14.67% | 1.93% | 2.73x | 2.79x | NT$1.58 Billion |
| 2011 | 13.69% | 1.53% | 3.05x | 2.94x | NT$1.37 Billion |
| 2012 | 11.70% | 1.24% | 3.01x | 3.14x | NT$650.40 Million |
| 2013 | 11.93% | 1.17% | 3.01x | 3.39x | NT$768.41 Million |
| 2014 | 12.89% | 1.28% | 2.82x | 3.56x | NT$1.30 Billion |
| 2015 | 11.35% | 1.05% | 2.88x | 3.75x | NT$643.43 Million |
| 2016 | 10.67% | 0.99% | 3.00x | 3.59x | NT$333.09 Million |
| 2017 | 14.19% | 1.37% | 2.98x | 3.47x | NT$2.16 Billion |
| 2018 | 13.73% | 1.37% | 2.78x | 3.61x | NT$2.03 Billion |
| 2019 | 10.17% | 1.22% | 2.29x | 3.63x | NT$106.19 Million |
| 2020 | 12.41% | 1.33% | 2.61x | 3.57x | NT$1.58 Billion |
| 2021 | 16.33% | 1.48% | 2.71x | 4.09x | NT$4.46 Billion |
| 2022 | 12.97% | 1.36% | 2.45x | 3.90x | NT$2.41 Billion |
| 2023 | 9.70% | 1.21% | 2.14x | 3.76x | NT$-255.05 Million |
| 2024 | 8.71% | 0.82% | 2.17x | 4.88x | NT$-1.08 Billion |
| 2025 | 12.20% | 1.01% | 2.43x | 4.96x | NT$1.82 Billion |
Industry Comparison
This section compares WPG Holdings Ltd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $11,159,743,900
- Average return on equity (ROE) among peers: 11.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WPG Holdings Ltd (3702) | NT$92.64 Billion | 11.75% | 4.18x | $5.66 Billion |
| China Wire & Cable Co Ltd (1603) | $2.97 Billion | 5.87% | 1.87x | $158.89 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $4.81 Billion | 5.96% | 0.12x | $254.37 Million |
| Synnex Technology International Corp (2347) | $27.80 Billion | 11.84% | 1.27x | $4.86 Billion |
| Foxconn Technology Co Ltd (2354) | $49.32 Billion | 18.34% | 1.03x | $2.56 Billion |
| Senao International Co Ltd (2450) | $6.13 Billion | 23.32% | 0.72x | $236.36 Million |
| Wah Lee Industrial Corp (3010) | $13.28 Billion | 10.66% | 1.59x | $1.06 Billion |
| Weikeng Industrial Co Ltd (3033) | $3.74 Billion | 19.19% | 2.14x | $743.69 Million |
| Edom Technology Co Ltd (3048) | $2.25 Billion | 14.51% | 1.96x | $617.18 Million |
| MetaTech AP (3224) | $599.51 Million | 0.87% | 0.30x | $93.42 Million |
| Sentronic International (3232) | $702.21 Million | 2.09% | 0.68x | $33.82 Million |
About WPG Holdings Ltd
WPG Holdings Limited, together with its subsidiaries, operates as a semiconductor components distributor in Taiwan, Mainland China, and internationally. It operates through World Peace Industrial Subgroup, Pingjiazi Group Co., Quandingzi Group Co., Yosun Subgroup, Trigold Group Co., and Others segments. The company distributes electronic components, such as analog and mixed-signal components, dis… Read more