Topco Scientific Co Ltd (5434) - Net Assets
Based on the latest financial reports, Topco Scientific Co Ltd (5434) has net assets worth NT$19.47 Billion TWD (≈ $613.27 Million 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$43.81 Billion ≈ $1.38 Billion USD) and total liabilities (NT$24.34 Billion ≈ $766.95 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 Topco Scientific Co Ltd strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$19.47 Billion |
| % of Total Assets | 44.43% |
| Annual Growth Rate | 10.5% |
| 5-Year Change | 70.19% |
| 10-Year Change | 215.63% |
| Growth Volatility | 6.46 |
Topco Scientific Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Topco Scientific Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Topco Scientific Co Ltd market cap and net worth.
Annual Net Assets for Topco Scientific Co Ltd (2002–2025)
The table below shows the annual net assets of Topco Scientific Co Ltd from 2002 to 2025. Also explore 5434 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$20.22 Billion ≈ $636.91 Million |
+12.27% |
| 2024-12-31 | NT$18.01 Billion ≈ $567.30 Million |
+17.35% |
| 2023-12-31 | NT$15.34 Billion ≈ $483.43 Million |
+15.62% |
| 2022-12-31 | NT$13.27 Billion ≈ $418.11 Million |
+11.72% |
| 2021-12-31 | NT$11.88 Billion ≈ $374.24 Million |
+12.19% |
| 2020-12-31 | NT$10.59 Billion ≈ $333.59 Million |
+11.09% |
| 2019-12-31 | NT$9.53 Billion ≈ $300.28 Million |
+11.00% |
| 2018-12-31 | NT$8.59 Billion ≈ $270.52 Million |
+13.27% |
| 2017-12-31 | NT$7.58 Billion ≈ $238.83 Million |
+18.36% |
| 2016-12-31 | NT$6.40 Billion ≈ $201.79 Million |
+7.80% |
| 2015-12-31 | NT$5.94 Billion ≈ $187.19 Million |
+6.08% |
| 2014-12-31 | NT$5.60 Billion ≈ $176.47 Million |
+5.74% |
| 2013-12-31 | NT$5.30 Billion ≈ $166.90 Million |
+9.30% |
| 2012-12-31 | NT$4.85 Billion ≈ $152.69 Million |
+2.71% |
| 2011-12-31 | NT$4.72 Billion ≈ $148.66 Million |
+13.64% |
| 2010-12-31 | NT$4.15 Billion ≈ $130.82 Million |
+11.86% |
| 2009-12-31 | NT$3.71 Billion ≈ $116.95 Million |
+5.20% |
| 2008-12-31 | NT$3.53 Billion ≈ $111.16 Million |
-2.76% |
| 2007-12-31 | NT$3.63 Billion ≈ $114.32 Million |
+9.76% |
| 2006-12-31 | NT$3.31 Billion ≈ $104.15 Million |
+5.37% |
| 2005-12-31 | NT$3.14 Billion ≈ $98.84 Million |
+31.59% |
| 2004-12-31 | NT$2.38 Billion ≈ $75.12 Million |
+8.54% |
| 2003-12-31 | NT$2.20 Billion ≈ $69.20 Million |
+8.01% |
| 2002-12-31 | NT$2.03 Billion ≈ $64.07 Million |
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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 2108.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$10.82 Billion | 54.12% |
| Common Stock | NT$1.92 Billion | 9.62% |
| Other Comprehensive Income | NT$4.13 Billion | 20.65% |
| Other Components | NT$3.12 Billion | 15.61% |
| Total Equity | NT$20.00 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 |
|---|---|
|
Tsingtao Brewery Company Limited
F:TSI
|
$3.28 Billion |
|
Investco Holding AS
IS:INVES
|
$3.28 Billion |
|
Acter Co Ltd
TWO:5536
|
$3.28 Billion |
|
Nantong Haixing Electronics Co Ltd
SHG:603115
|
$3.28 Billion |
|
Willscot Mobile Mini Holdings Corp A
NASDAQ:WSC
|
$3.27 Billion |
|
Guosheng Financial Holding Inc
SHE:002670
|
$3.27 Billion |
|
Bains Mer Monaco
PA:BAIN
|
$3.27 Billion |
|
Proya Cosmetics Co Ltd Class A
SHG:603605
|
$3.27 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 2024 to 2025, total equity changed from 17,771,222,000 to 19,999,753,000, a change of 2,228,531,000 (12.5%).
- Net income of 4,180,447,000 contributed positively to equity growth.
- Dividend payments of 2,293,351,000 reduced retained earnings.
- Other comprehensive income increased equity by 456,950,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.18 Billion | +20.9% |
| Dividends Paid | NT$2.29 Billion | -11.47% |
| Other Comprehensive Income | NT$456.95 Million | +2.28% |
| Other Changes | NT$-115.52 Million | -0.58% |
| Total Change | NT$- | 12.54% |
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: 5.26x
- 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 28.53x to 5.26x 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$537.00 | x |
| 2007-12-31 | NT$19.58 | NT$537.00 | x |
| 2008-12-31 | NT$18.10 | NT$537.00 | x |
| 2009-12-31 | NT$22.81 | NT$537.00 | x |
| 2010-12-31 | NT$25.31 | NT$537.00 | x |
| 2011-12-31 | NT$27.96 | NT$537.00 | x |
| 2012-12-31 | NT$28.67 | NT$537.00 | x |
| 2013-12-31 | NT$30.65 | NT$537.00 | x |
| 2014-12-31 | NT$32.77 | NT$537.00 | x |
| 2015-12-31 | NT$34.92 | NT$537.00 | x |
| 2016-12-31 | NT$38.06 | NT$537.00 | x |
| 2017-12-31 | NT$44.82 | NT$537.00 | x |
| 2018-12-31 | NT$46.46 | NT$537.00 | x |
| 2019-12-31 | NT$51.66 | NT$537.00 | x |
| 2020-12-31 | NT$57.30 | NT$537.00 | x |
| 2021-12-31 | NT$62.90 | NT$537.00 | x |
| 2022-12-31 | NT$69.96 | NT$537.00 | x |
| 2023-12-31 | NT$79.87 | NT$537.00 | x |
| 2024-12-31 | NT$90.95 | NT$537.00 | x |
| 2025-12-31 | NT$102.18 | NT$537.00 | 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): 20.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.19%
- • Asset Turnover: 1.61x
- • Equity Multiplier: 2.09x
- Recent ROE (20.90%) is above the historical average (16.79%), 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 |
| 2025 | 20.90% | 6.19% | 1.61x | 2.09x | NT$2.18 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: $16,633,154,600
- Average return on equity (ROE) among peers: 9.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topco Scientific Co Ltd (5434) | NT$19.47 Billion | 19.18% | 1.25x | $3.28 Billion |
| China Wire & Cable Co Ltd (1603) | $7.58 Billion | 6.85% | 0.61x | $149.38 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $2.59 Billion | 10.50% | 0.88x | $234.03 Million |
| Synnex Technology International Corp (2347) | $18.68 Billion | 12.96% | 1.07x | $4.66 Billion |
| Foxconn Technology Co Ltd (2354) | $110.27 Billion | 4.28% | 0.53x | $2.91 Billion |
| Senao International Co Ltd (2450) | $5.86 Billion | 7.01% | 0.72x | $229.85 Million |
| Wah Lee Industrial Corp (3010) | $12.41 Billion | 10.85% | 1.57x | $1.00 Billion |
| Weikeng Industrial Co Ltd (3033) | $4.03 Billion | 16.55% | 2.31x | $681.03 Million |
| Edom Technology Co Ltd (3048) | $2.09 Billion | 20.06% | 0.95x | $428.46 Million |
| MetaTech AP (3224) | $2.35 Billion | -4.44% | 0.39x | $81.23 Million |
| Sentronic International (3232) | $484.61 Million | 6.31% | 1.26x | $31.91 Million |
About 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