LCY Technology Corp (4989) - Net Assets
Based on the latest financial reports, LCY Technology Corp (4989) has net assets worth NT$1.49 Billion TWD (≈ $46.94 Million 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$2.09 Billion ≈ $65.70 Million USD) and total liabilities (NT$595.60 Million ≈ $18.76 Million 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 4989 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.49 Billion |
| % of Total Assets | 71.44% |
| Annual Growth Rate | 9.07% |
| 5-Year Change | -5.02% |
| 10-Year Change | 69.04% |
| Growth Volatility | 63.69 |
LCY Technology Corp - Net Assets Trend (2007–2024)
This chart illustrates how LCY Technology Corp's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of LCY Technology Corp to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for LCY Technology Corp (2007–2024)
The table below shows the annual net assets of LCY Technology Corp from 2007 to 2024. For live valuation and market cap data, see market value of LCY Technology Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.94 Billion ≈ $61.10 Million |
-12.01% |
| 2023-12-31 | NT$2.20 Billion ≈ $69.44 Million |
-7.28% |
| 2022-12-31 | NT$2.38 Billion ≈ $74.89 Million |
-2.07% |
| 2021-12-31 | NT$2.43 Billion ≈ $76.47 Million |
+18.87% |
| 2020-12-31 | NT$2.04 Billion ≈ $64.33 Million |
-2.50% |
| 2019-12-31 | NT$2.09 Billion ≈ $65.98 Million |
-9.72% |
| 2018-12-31 | NT$2.32 Billion ≈ $73.08 Million |
+7.77% |
| 2017-12-31 | NT$2.15 Billion ≈ $67.81 Million |
+38.58% |
| 2016-12-31 | NT$1.55 Billion ≈ $48.94 Million |
+35.38% |
| 2015-12-31 | NT$1.15 Billion ≈ $36.15 Million |
+127.78% |
| 2014-12-31 | NT$503.70 Million ≈ $15.87 Million |
+219.36% |
| 2013-12-31 | NT$157.72 Million ≈ $4.97 Million |
-54.78% |
| 2012-12-31 | NT$348.82 Million ≈ $10.99 Million |
-40.47% |
| 2011-12-31 | NT$585.93 Million ≈ $18.46 Million |
-19.50% |
| 2010-12-31 | NT$727.87 Million ≈ $22.93 Million |
+61.16% |
| 2009-12-31 | NT$451.64 Million ≈ $14.23 Million |
+4.87% |
| 2008-12-31 | NT$430.65 Million ≈ $13.57 Million |
-2.87% |
| 2007-12-31 | NT$443.38 Million ≈ $13.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to LCY 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 70721000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.38 Billion | 71.04% |
| Other Components | NT$577.28 Million | 29.77% |
| Total Equity | NT$1.94 Billion | 100.00% |
LCY Technology Corp Competitors by Market Cap
The table below lists competitors of LCY Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Elmera Group ASA
OL:ELMRA
|
$341.70 Million |
|
Grupo Traxión S.A.B. de C.V
MX:TRAXIONA
|
$341.81 Million |
|
Firma Oponiarska DĘBICA SA
WAR:DBC
|
$341.88 Million |
|
Bharat Bijlee Limited
NSE:BBL
|
$341.89 Million |
|
Zhejiang Busen Garments Co Ltd
SHE:002569
|
$341.60 Million |
|
YC Inox Co Ltd
TW:2034
|
$341.44 Million |
|
Ciwen Media Co Ltd
SHE:002343
|
$341.03 Million |
|
Waskita Karya Persero Tbk
JK:WSKT
|
$340.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LCY Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,204,063,000 to 1,939,367,000, a change of -264,696,000 (-12.0%).
- Net loss of 305,228,000 reduced equity.
- Other comprehensive income decreased equity by 229,268,000.
- Other factors increased equity by 269,800,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-305.23 Million | -15.74% |
| Other Comprehensive Income | NT$-229.27 Million | -11.82% |
| Other Changes | NT$269.80 Million | +13.91% |
| Total Change | NT$- | -12.01% |
Book Value vs Market Value Analysis
This analysis compares LCY 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: 5.59x
- 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 9.50x to 5.59x 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$8.29 | NT$78.70 | x |
| 2008-12-31 | NT$8.05 | NT$78.70 | x |
| 2009-12-31 | NT$8.44 | NT$78.70 | x |
| 2010-12-31 | NT$13.42 | NT$78.70 | x |
| 2011-12-31 | NT$10.81 | NT$78.70 | x |
| 2012-12-31 | NT$32.14 | NT$78.70 | x |
| 2013-12-31 | NT$14.53 | NT$78.70 | x |
| 2014-12-31 | NT$13.99 | NT$78.70 | x |
| 2015-12-31 | NT$9.28 | NT$78.70 | x |
| 2016-12-31 | NT$12.32 | NT$78.70 | x |
| 2017-12-31 | NT$17.07 | NT$78.70 | x |
| 2018-12-31 | NT$17.55 | NT$78.70 | x |
| 2019-12-31 | NT$15.20 | NT$78.70 | x |
| 2020-12-31 | NT$14.82 | NT$78.70 | x |
| 2021-12-31 | NT$16.22 | NT$78.70 | x |
| 2022-12-31 | NT$17.24 | NT$78.70 | x |
| 2023-12-31 | NT$16.00 | NT$78.70 | x |
| 2024-12-31 | NT$14.08 | NT$78.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LCY 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): -15.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.20%
- • Asset Turnover: 1.24x
- • Equity Multiplier: 1.25x
- Recent ROE (-15.74%) is below the historical average (-9.15%), 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 | 41.35% | 6.28% | 1.02x | 6.45x | NT$139.01 Million |
| 2008 | -64.52% | -10.42% | 1.09x | 5.68x | NT$-320.93 Million |
| 2009 | 3.29% | 0.54% | 1.22x | 4.98x | NT$-30.30 Million |
| 2010 | 37.67% | 7.73% | 1.41x | 3.46x | NT$201.41 Million |
| 2011 | -25.80% | -5.23% | 1.12x | 4.42x | NT$-210.05 Million |
| 2012 | -68.26% | -7.10% | 1.27x | 7.55x | NT$-272.97 Million |
| 2013 | -120.75% | -6.25% | 1.24x | 15.62x | NT$-206.22 Million |
| 2014 | -38.49% | -7.62% | 1.26x | 4.00x | NT$-244.23 Million |
| 2015 | -8.37% | -3.47% | 1.46x | 1.65x | NT$-210.70 Million |
| 2016 | 26.13% | 13.54% | 1.37x | 1.41x | NT$250.59 Million |
| 2017 | 27.84% | 15.87% | 1.47x | 1.20x | NT$383.98 Million |
| 2018 | 11.92% | 8.62% | 1.17x | 1.18x | NT$44.58 Million |
| 2019 | 1.63% | 1.14% | 1.17x | 1.22x | NT$-175.31 Million |
| 2020 | 1.68% | 1.23% | 1.12x | 1.22x | NT$-169.86 Million |
| 2021 | 23.25% | 12.59% | 1.41x | 1.31x | NT$321.49 Million |
| 2022 | 8.54% | 5.01% | 1.31x | 1.30x | NT$-34.71 Million |
| 2023 | -6.07% | -3.76% | 1.27x | 1.27x | NT$-354.17 Million |
| 2024 | -15.74% | -10.20% | 1.24x | 1.25x | NT$-499.16 Million |
Industry Comparison
This section compares LCY Technology Corp's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $6,444,044,000
- Average return on equity (ROE) among peers: 6.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LCY Technology Corp (4989) | NT$1.49 Billion | 41.35% | 0.40x | $341.61 Million |
| First Copper Technology Co Ltd (2009) | $6.44 Billion | 6.56% | 0.29x | $453.77 Million |
About LCY Technology Corp
LCY Technology Corp. manufactures and sells copper foil for the printed circuit board and copper foil substrate industry in Taiwan and internationally. The company offers 4oz, 3oz, 2oz, 1oz, 1/2oz, 1/3oz, and 9µm copper foils, as well as 7µm, ultra-thin, very low-profile, reverse treatment, and very low-profile RTF foils. It also provides high-frequency, high-density, and high-speed materials, as… Read more