Transcom Inc
Transcom, Inc. operates as a microwave device and subsystem company in Taiwan, Asia, Europe, North America, and internationally. The company provides GaN solid-state power amplifiers; amplifiers; MIC modules; subsystems; FET chips; packaged FETs; monolithic microwave integrated circuits (MMIC); hybrid ICs; directional couplers; power dividers; fixed attenuators and termination products; and MIC c… Read more
Transcom Inc (5222) - Net Assets
Latest net assets as of September 2025: NT$2.30 Billion TWD
Based on the latest financial reports, Transcom Inc (5222) has net assets worth NT$2.30 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$2.81 Billion) and total liabilities (NT$513.69 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$2.30 Billion |
| % of Total Assets | 81.73% |
| Annual Growth Rate | 24.49% |
| 5-Year Change | 177.92% |
| 10-Year Change | 1236.32% |
| Growth Volatility | 58.49 |
Transcom Inc - Net Assets Trend (2011–2024)
This chart illustrates how Transcom Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Transcom Inc (2011–2024)
The table below shows the annual net assets of Transcom Inc from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.48 Billion | +9.81% |
| 2023-12-31 | NT$2.25 Billion | +12.35% |
| 2022-12-31 | NT$2.01 Billion | +1.36% |
| 2021-12-31 | NT$1.98 Billion | +122.25% |
| 2020-12-31 | NT$890.58 Million | +63.99% |
| 2019-12-31 | NT$543.06 Million | +32.35% |
| 2018-12-31 | NT$410.33 Million | +16.19% |
| 2017-12-31 | NT$353.14 Million | +17.96% |
| 2016-12-31 | NT$299.39 Million | +61.64% |
| 2015-12-31 | NT$185.21 Million | +182.72% |
| 2014-12-31 | NT$65.51 Million | -12.79% |
| 2013-12-31 | NT$75.12 Million | -52.62% |
| 2012-12-31 | NT$158.55 Million | +10.51% |
| 2011-12-31 | NT$143.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Transcom Inc'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 62256499900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$513.48 Million | 20.75% |
| Common Stock | NT$819.97 Million | 33.13% |
| Other Comprehensive Income | NT$339.65 Million | 13.72% |
| Other Components | NT$801.95 Million | 32.40% |
| Total Equity | NT$2.48 Billion | 100.00% |
Transcom Inc Competitors by Market Cap
The table below lists competitors of Transcom Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Phylogica Limited
MU:PH7
|
$291.84 Million |
|
BayCom Corp
NASDAQ:BCML
|
$291.86 Million |
|
Argosy Research
TWO:3217
|
$291.91 Million |
|
Guangzhou Frontop Digital Creative Technology Co. Ltd. A
SHE:301313
|
$291.93 Million |
|
Yongji Printing Co Ltd
SHG:603058
|
$291.76 Million |
|
Cartesian Growth Corporation III Unit
NASDAQ:CGCTU
|
$291.73 Million |
|
DIAMOND HILL DL-01
F:BVE
|
$291.58 Million |
|
Hengong Precision Equipment Co Ltd
SHE:301261
|
$291.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Transcom Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,254,002,000 to 2,475,060,000, a change of 221,058,000 (9.8%).
- Net income of 396,322,000 contributed positively to equity growth.
- Dividend payments of 297,471,000 reduced retained earnings.
- Share repurchases of 17,448,000 reduced equity.
- Other comprehensive income increased equity by 178,939,000.
- Other factors decreased equity by 39,284,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$396.32 Million | +16.01% |
| Dividends Paid | NT$297.47 Million | -12.02% |
| Share Repurchases | NT$17.45 Million | -0.7% |
| Other Comprehensive Income | NT$178.94 Million | +7.23% |
| Other Changes | NT$-39.28 Million | -1.59% |
| Total Change | NT$- | 9.81% |
Book Value vs Market Value Analysis
This analysis compares Transcom Inc'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: 4.46x
- 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 40.47x to 4.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | NT$3.31 | NT$134.00 | x |
| 2012-12-31 | NT$3.61 | NT$134.00 | x |
| 2013-12-31 | NT$1.67 | NT$134.00 | x |
| 2014-12-31 | NT$1.49 | NT$134.00 | x |
| 2015-12-31 | NT$3.69 | NT$134.00 | x |
| 2016-12-31 | NT$5.40 | NT$134.00 | x |
| 2017-12-31 | NT$6.29 | NT$134.00 | x |
| 2018-12-31 | NT$7.28 | NT$134.00 | x |
| 2019-12-31 | NT$8.93 | NT$134.00 | x |
| 2020-12-31 | NT$14.58 | NT$134.00 | x |
| 2021-12-31 | NT$29.15 | NT$134.00 | x |
| 2022-12-31 | NT$24.43 | NT$134.00 | x |
| 2023-12-31 | NT$30.10 | NT$134.00 | x |
| 2024-12-31 | NT$30.02 | NT$134.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Transcom Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.45%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.20x
- Recent ROE (16.01%) is above the historical average (1.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 4.54% | 5.14% | 0.72x | 1.22x | NT$-7.83 Million |
| 2012 | -5.81% | -8.14% | 0.58x | 1.24x | NT$-25.07 Million |
| 2013 | -100.90% | -85.01% | 0.66x | 1.79x | NT$-83.31 Million |
| 2014 | -50.02% | -28.75% | 0.89x | 1.95x | NT$-39.32 Million |
| 2015 | 11.67% | 14.54% | 0.47x | 1.69x | NT$3.09 Million |
| 2016 | 35.79% | 31.77% | 0.76x | 1.48x | NT$77.22 Million |
| 2017 | 14.78% | 13.20% | 0.74x | 1.52x | NT$16.89 Million |
| 2018 | 12.31% | 14.00% | 0.66x | 1.33x | NT$9.48 Million |
| 2019 | 25.93% | 24.72% | 0.66x | 1.59x | NT$86.51 Million |
| 2020 | 18.43% | 23.25% | 0.59x | 1.34x | NT$75.06 Million |
| 2021 | 12.46% | 26.90% | 0.40x | 1.17x | NT$48.67 Million |
| 2022 | 12.43% | 24.11% | 0.43x | 1.19x | NT$48.85 Million |
| 2023 | 19.37% | 34.90% | 0.47x | 1.18x | NT$211.13 Million |
| 2024 | 16.01% | 30.45% | 0.44x | 1.20x | NT$148.82 Million |
Industry Comparison
This section compares Transcom Inc's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,963,876,800
- Average return on equity (ROE) among peers: 4.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Transcom Inc (5222) | NT$2.30 Billion | 4.54% | 0.22x | $291.80 Million |
| Rectron Ltd (2302) | $1.74 Billion | 6.07% | 0.23x | $39.77 Million |
| Taiwan Mask Corp (2338) | $3.62 Billion | -1.02% | 0.09x | $217.60 Million |
| Lingsen Precision Industries Ltd (2369) | $5.31 Billion | -10.40% | 0.55x | $285.76 Million |
| Greatek Electronics Inc (2441) | $9.68 Billion | 16.62% | 0.10x | $727.39 Million |
| Visual Photonics Epitaxy Co Ltd (2455) | $919.04 Million | 0.00% | 0.65x | $1.13 Billion |
| Pan Jit International Inc (2481) | $7.85 Billion | 5.85% | 1.65x | $824.61 Million |
| Ampoc Far-East Co Ltd (2493) | $2.16 Billion | 18.34% | 0.50x | $265.52 Million |
| Episil-Precision Inc (3016) | $1.06 Billion | 1.57% | 0.14x | $187.04 Million |
| Zenitron Corp (3028) | $4.03 Billion | 10.78% | 1.64x | $312.17 Million |
| ALi Corp (3041) | $3.27 Billion | 0.43% | 0.15x | $98.65 Million |