Far EasTone Telecommunications Co Ltd
Far EasTone Telecommunications Co., Ltd. engages in the provision of telecommunications and digital application services in Taiwan. It provides mobile services, including voice calls and data communication services; and fixed line communication services, which comprises domestic phone call services, long-distance call services, international call services, softphone services, etc. The company als… Read more
Far EasTone Telecommunications Co Ltd (4904) - Net Assets
Latest net assets as of September 2025: NT$89.71 Billion TWD
Based on the latest financial reports, Far EasTone Telecommunications Co Ltd (4904) has net assets worth NT$89.71 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$181.56 Billion) and total liabilities (NT$91.86 Billion). 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$89.71 Billion |
| % of Total Assets | 49.41% |
| Annual Growth Rate | 4.12% |
| 5-Year Change | 35.57% |
| 10-Year Change | 27.34% |
| Growth Volatility | 15.79 |
Far EasTone Telecommunications Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Far EasTone Telecommunications Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Far EasTone Telecommunications Co Ltd (2002–2024)
The table below shows the annual net assets of Far EasTone Telecommunications Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$92.52 Billion | +1.68% |
| 2023-12-31 | NT$90.99 Billion | +41.76% |
| 2022-12-31 | NT$64.19 Billion | -2.89% |
| 2021-12-31 | NT$66.10 Billion | -3.15% |
| 2020-12-31 | NT$68.25 Billion | -3.34% |
| 2019-12-31 | NT$70.61 Billion | -4.63% |
| 2018-12-31 | NT$74.04 Billion | +5.10% |
| 2017-12-31 | NT$70.45 Billion | -1.78% |
| 2016-12-31 | NT$71.72 Billion | -1.29% |
| 2015-12-31 | NT$72.66 Billion | -1.19% |
| 2014-12-31 | NT$73.53 Billion | -0.05% |
| 2013-12-31 | NT$73.57 Billion | -0.15% |
| 2012-12-31 | NT$73.68 Billion | +1.23% |
| 2011-12-31 | NT$72.78 Billion | -1.06% |
| 2010-12-31 | NT$73.55 Billion | +1.63% |
| 2009-12-31 | NT$72.38 Billion | +0.19% |
| 2008-12-31 | NT$72.24 Billion | -10.16% |
| 2007-12-31 | NT$80.42 Billion | +7.52% |
| 2006-12-31 | NT$74.79 Billion | +0.76% |
| 2005-12-31 | NT$74.22 Billion | +6.47% |
| 2004-12-31 | NT$69.71 Billion | +62.01% |
| 2003-12-31 | NT$43.03 Billion | +13.09% |
| 2002-12-31 | NT$38.05 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Far EasTone Telecommunications 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 grown by 62.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$12.86 Billion | 14.10% |
| Common Stock | NT$36.06 Billion | 39.56% |
| Other Components | NT$42.23 Billion | 46.34% |
| Total Equity | NT$91.15 Billion | 100.00% |
Far EasTone Telecommunications Co Ltd Competitors by Market Cap
The table below lists competitors of Far EasTone Telecommunications Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dassault Aviation SA
PINK:DUAVF
|
$6.02 Billion |
|
SIG Combibloc Group AG
PINK:SIGCY
|
$6.02 Billion |
|
Archrock Inc
NYSE:AROC
|
$6.03 Billion |
|
Varun Beverages Limited
NSE:VBL
|
$6.03 Billion |
|
Paramount Skydance Corporation Class B Common Stock
NASDAQ:PSKY
|
$6.01 Billion |
|
The Indian Hotels Company Limited
NSE:INDHOTEL
|
$6.01 Billion |
|
Joby Aviation
NYSE:JOBY
|
$6.00 Billion |
|
Shenzhen Megmeet Electrical Co Ltd
SHE:002851
|
$6.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Far EasTone Telecommunications Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 89,982,184,000 to 91,145,240,000, a change of 1,163,056,000 (1.3%).
- Net income of 12,842,901,000 contributed positively to equity growth.
- Dividend payments of 11,815,562,000 reduced retained earnings.
- Other comprehensive income increased equity by 89,282,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$12.84 Billion | +14.09% |
| Dividends Paid | NT$11.82 Billion | -12.96% |
| Other Comprehensive Income | NT$89.28 Million | +0.1% |
| Other Changes | NT$46.44 Million | +0.05% |
| Total Change | NT$- | 1.29% |
Book Value vs Market Value Analysis
This analysis compares Far EasTone Telecommunications 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: 3.64x
- 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 3.89x to 3.64x 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$23.63 | NT$91.80 | x |
| 2007-12-31 | NT$25.35 | NT$91.80 | x |
| 2008-12-31 | NT$21.65 | NT$91.80 | x |
| 2009-12-31 | NT$21.91 | NT$91.80 | x |
| 2010-12-31 | NT$21.84 | NT$91.80 | x |
| 2011-12-31 | NT$22.06 | NT$91.80 | x |
| 2012-12-31 | NT$22.35 | NT$91.80 | x |
| 2013-12-31 | NT$22.31 | NT$91.80 | x |
| 2014-12-31 | NT$22.29 | NT$91.80 | x |
| 2015-12-31 | NT$22.03 | NT$91.80 | x |
| 2016-12-31 | NT$21.76 | NT$91.80 | x |
| 2017-12-31 | NT$21.38 | NT$91.80 | x |
| 2018-12-31 | NT$22.48 | NT$91.80 | x |
| 2019-12-31 | NT$21.39 | NT$91.80 | x |
| 2020-12-31 | NT$20.63 | NT$91.80 | x |
| 2021-12-31 | NT$19.97 | NT$91.80 | x |
| 2022-12-31 | NT$19.39 | NT$91.80 | x |
| 2023-12-31 | NT$27.45 | NT$91.80 | x |
| 2024-12-31 | NT$25.25 | NT$91.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Far EasTone Telecommunications 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): 14.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.28%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.05x
- Recent ROE (14.09%) is below the historical average (15.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 20.47% | 22.59% | 0.57x | 1.60x | NT$3.98 Billion |
| 2003 | 19.03% | 22.09% | 0.50x | 1.71x | NT$3.89 Billion |
| 2004 | 20.14% | 21.43% | 0.60x | 1.56x | NT$7.07 Billion |
| 2005 | 20.10% | 20.47% | 0.72x | 1.36x | NT$7.40 Billion |
| 2006 | 17.80% | 19.57% | 0.72x | 1.27x | NT$5.76 Billion |
| 2007 | 14.65% | 18.14% | 0.66x | 1.22x | NT$3.69 Billion |
| 2008 | 14.25% | 16.25% | 0.71x | 1.24x | NT$3.03 Billion |
| 2009 | 12.90% | 15.37% | 0.69x | 1.21x | NT$2.08 Billion |
| 2010 | 12.41% | 13.95% | 0.65x | 1.37x | NT$1.72 Billion |
| 2011 | 12.34% | 11.72% | 0.79x | 1.33x | NT$1.68 Billion |
| 2012 | 14.54% | 12.22% | 0.88x | 1.35x | NT$3.31 Billion |
| 2013 | 16.17% | 13.13% | 0.75x | 1.64x | NT$4.49 Billion |
| 2014 | 15.79% | 12.19% | 0.76x | 1.70x | NT$4.21 Billion |
| 2015 | 15.97% | 11.81% | 0.71x | 1.90x | NT$4.30 Billion |
| 2016 | 16.04% | 12.07% | 0.71x | 1.87x | NT$4.29 Billion |
| 2017 | 15.56% | 11.79% | 0.69x | 1.90x | NT$3.88 Billion |
| 2018 | 12.80% | 10.83% | 0.68x | 1.73x | NT$2.05 Billion |
| 2019 | 12.52% | 10.42% | 0.63x | 1.92x | NT$1.76 Billion |
| 2020 | 12.41% | 10.51% | 0.46x | 2.58x | NT$1.62 Billion |
| 2021 | 14.01% | 10.69% | 0.49x | 2.70x | NT$2.61 Billion |
| 2022 | 15.19% | 10.78% | 0.52x | 2.70x | NT$3.28 Billion |
| 2023 | 12.43% | 11.94% | 0.48x | 2.17x | NT$2.19 Billion |
| 2024 | 14.09% | 12.28% | 0.56x | 2.05x | NT$3.73 Billion |
Industry Comparison
This section compares Far EasTone Telecommunications Co Ltd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $1,959,767,000
- Average return on equity (ROE) among peers: 12.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Far EasTone Telecommunications Co Ltd (4904) | NT$89.71 Billion | 20.47% | 1.02x | $6.01 Billion |
| Hwacom Systems (6163) | $1.47 Billion | 7.97% | 1.57x | $174.66 Million |
| Welldone Co (6170) | $1.54 Billion | 10.49% | 1.07x | $77.67 Million |
| Chief Telecom Inc (6561) | $2.87 Billion | 18.92% | 0.63x | $322.86 Million |