Topco Scientific Co Ltd
Topco Scientific Co.,Ltd. provides precision materials, manufacturing equipment, and components worldwide. The company offers quartz wafer carrier plates, such as synthetic quartz wafer and quartz substrate; furnace quartz, and quartz crucible for single crystal and polycrystalline; and chemicals, such as CMP, photoresist, and specialty gases, and chemicals. It also provides wafers, wafer carrier… Read more
Topco Scientific Co Ltd (5434) - Net Assets
Latest net assets as of September 2025: NT$18.96 Billion TWD
Based on the latest financial reports, Topco Scientific Co Ltd (5434) has net assets worth NT$18.96 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$38.42 Billion) and total liabilities (NT$19.46 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$18.96 Billion |
| % of Total Assets | 49.35% |
| Annual Growth Rate | 10.42% |
| 5-Year Change | 70.06% |
| 10-Year Change | 203.06% |
| Growth Volatility | 6.59 |
Topco Scientific Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Topco Scientific 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 Topco Scientific Co Ltd (2002–2024)
The table below shows the annual net assets of Topco Scientific Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$18.01 Billion | +17.35% |
| 2023-12-31 | NT$15.34 Billion | +15.62% |
| 2022-12-31 | NT$13.27 Billion | +11.72% |
| 2021-12-31 | NT$11.88 Billion | +12.19% |
| 2020-12-31 | NT$10.59 Billion | +11.09% |
| 2019-12-31 | NT$9.53 Billion | +11.00% |
| 2018-12-31 | NT$8.59 Billion | +13.27% |
| 2017-12-31 | NT$7.58 Billion | +18.36% |
| 2016-12-31 | NT$6.40 Billion | +7.80% |
| 2015-12-31 | NT$5.94 Billion | +6.08% |
| 2014-12-31 | NT$5.60 Billion | +5.74% |
| 2013-12-31 | NT$5.30 Billion | +9.30% |
| 2012-12-31 | NT$4.85 Billion | +2.71% |
| 2011-12-31 | NT$4.72 Billion | +13.64% |
| 2010-12-31 | NT$4.15 Billion | +11.86% |
| 2009-12-31 | NT$3.71 Billion | +5.20% |
| 2008-12-31 | NT$3.53 Billion | -2.76% |
| 2007-12-31 | NT$3.63 Billion | +9.76% |
| 2006-12-31 | NT$3.31 Billion | +5.37% |
| 2005-12-31 | NT$3.14 Billion | +31.59% |
| 2004-12-31 | NT$2.38 Billion | +8.54% |
| 2003-12-31 | NT$2.20 Billion | +8.01% |
| 2002-12-31 | NT$2.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Topco Scientific 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 1799.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$9.31 Billion | 52.38% |
| Common Stock | NT$1.91 Billion | 10.75% |
| Other Comprehensive Income | NT$3.67 Billion | 20.67% |
| Other Components | NT$2.88 Billion | 16.20% |
| Total Equity | NT$17.77 Billion | 100.00% |
Topco Scientific Co Ltd Competitors by Market Cap
The table below lists competitors of Topco Scientific Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Far East Smarter Energy Co Ltd
SHG:600869
|
$1.76 Billion |
|
Sinofibers Technology Co Ltd
SHE:300777
|
$1.76 Billion |
|
Armada Hoffler Properties, Inc.
NYSE:AHRT-PA
|
$1.76 Billion |
|
Just Group plc
PINK:JTGPF
|
$1.76 Billion |
|
V2X Inc
NYSE:VVX
|
$1.75 Billion |
|
Northwest Bancshares Inc
NASDAQ:NWBI
|
$1.75 Billion |
|
Roshow Technology Co Ltd
SHE:002617
|
$1.75 Billion |
|
Addus HomeCare Corporation
NASDAQ:ADUS
|
$1.75 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topco Scientific Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,109,065,000 to 17,771,222,000, a change of 2,662,157,000 (17.6%).
- Net income of 3,655,935,000 contributed positively to equity growth.
- Dividend payments of 1,886,996,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,897,918,000.
- Other factors decreased equity by 2,004,700,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.66 Billion | +20.57% |
| Dividends Paid | NT$1.89 Billion | -10.62% |
| Other Comprehensive Income | NT$2.90 Billion | +16.31% |
| Other Changes | NT$-2.00 Billion | -11.28% |
| Total Change | NT$- | 17.62% |
Book Value vs Market Value Analysis
This analysis compares Topco Scientific 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 17.61x 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$18.82 | NT$331.50 | x |
| 2007-12-31 | NT$19.58 | NT$331.50 | x |
| 2008-12-31 | NT$18.10 | NT$331.50 | x |
| 2009-12-31 | NT$22.81 | NT$331.50 | x |
| 2010-12-31 | NT$25.31 | NT$331.50 | x |
| 2011-12-31 | NT$27.96 | NT$331.50 | x |
| 2012-12-31 | NT$28.67 | NT$331.50 | x |
| 2013-12-31 | NT$30.65 | NT$331.50 | x |
| 2014-12-31 | NT$32.77 | NT$331.50 | x |
| 2015-12-31 | NT$34.92 | NT$331.50 | x |
| 2016-12-31 | NT$38.06 | NT$331.50 | x |
| 2017-12-31 | NT$44.82 | NT$331.50 | x |
| 2018-12-31 | NT$46.46 | NT$331.50 | x |
| 2019-12-31 | NT$51.66 | NT$331.50 | x |
| 2020-12-31 | NT$57.30 | NT$331.50 | x |
| 2021-12-31 | NT$62.90 | NT$331.50 | x |
| 2022-12-31 | NT$69.96 | NT$331.50 | x |
| 2023-12-31 | NT$79.87 | NT$331.50 | x |
| 2024-12-31 | NT$90.95 | NT$331.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topco Scientific 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): 20.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.41%
- • Asset Turnover: 1.53x
- • Equity Multiplier: 2.10x
- Recent ROE (20.57%) is above the historical average (16.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 19.18% | 9.09% | 1.19x | 1.77x | NT$186.71 Million |
| 2003 | 18.58% | 7.90% | 1.19x | 1.97x | NT$188.56 Million |
| 2004 | 15.53% | 5.62% | 1.23x | 2.24x | NT$131.92 Million |
| 2005 | 12.24% | 5.34% | 1.25x | 1.83x | NT$72.01 Million |
| 2006 | 13.28% | 5.03% | 1.41x | 1.87x | NT$108.48 Million |
| 2007 | 16.95% | 4.11% | 1.91x | 2.16x | NT$251.91 Million |
| 2008 | 8.73% | 2.13% | 2.14x | 1.91x | NT$-44.77 Million |
| 2009 | 9.28% | 3.37% | 1.51x | 1.82x | NT$-26.78 Million |
| 2010 | 15.99% | 4.50% | 1.86x | 1.91x | NT$247.17 Million |
| 2011 | 20.41% | 5.98% | 1.93x | 1.77x | NT$485.82 Million |
| 2012 | 16.62% | 4.94% | 1.89x | 1.78x | NT$320.35 Million |
| 2013 | 15.18% | 5.13% | 1.70x | 1.74x | NT$272.14 Million |
| 2014 | 15.46% | 4.75% | 1.74x | 1.86x | NT$303.50 Million |
| 2015 | 16.15% | 5.02% | 1.70x | 1.89x | NT$364.97 Million |
| 2016 | 18.82% | 5.32% | 1.71x | 2.08x | NT$563.84 Million |
| 2017 | 13.18% | 4.20% | 1.60x | 1.96x | NT$240.46 Million |
| 2018 | 16.41% | 4.87% | 1.67x | 2.01x | NT$548.58 Million |
| 2019 | 18.11% | 5.43% | 1.61x | 2.06x | NT$771.09 Million |
| 2020 | 19.56% | 5.72% | 1.69x | 2.03x | NT$1.01 Billion |
| 2021 | 19.79% | 5.38% | 1.69x | 2.17x | NT$1.13 Billion |
| 2022 | 23.29% | 5.70% | 1.77x | 2.31x | NT$1.72 Billion |
| 2023 | 18.76% | 5.75% | 1.56x | 2.09x | NT$1.32 Billion |
| 2024 | 20.57% | 6.41% | 1.53x | 2.10x | NT$1.88 Billion |
Industry Comparison
This section compares Topco Scientific Co 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: $3,516,139,100
- Average return on equity (ROE) among peers: 5.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topco Scientific Co Ltd (5434) | NT$18.96 Billion | 19.18% | 1.03x | $1.75 Billion |
| China Wire & Cable Co Ltd (1603) | $5.29 Billion | 8.42% | 0.61x | $77.47 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $4.09 Billion | -0.33% | 0.05x | $111.08 Million |
| Senao International Co Ltd (2450) | $6.43 Billion | 10.98% | 0.53x | $64.69 Million |
| Wah Lee Industrial Corp (3010) | $8.62 Billion | 11.39% | 1.34x | $645.33 Million |
| Weikeng Industrial Co Ltd (3033) | $2.53 Billion | 15.31% | 2.01x | $384.05 Million |
| Edom Technology Co Ltd (3048) | $3.72 Billion | 18.74% | 5.27x | $169.71 Million |
| MetaTech AP (3224) | $2.61 Billion | -2.64% | 0.25x | $59.52 Million |
| Sentronic International (3232) | $363.49 Million | 5.76% | 1.39x | $22.56 Million |
| Kworld Computer Co Ltd (3287) | $411.82 Million | 2.32% | 0.36x | $17.39 Million |
| G.M.I Technology Inc (3312) | $1.11 Billion | -19.88% | 1.94x | $115.66 Million |