Topco Scientific Co Ltd (5434) - Net Assets

Latest as of March 2026: NT$19.47 Billion TWD ≈ $613.27 Million USD

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 5434 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

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. See Topco Scientific Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see market value of Topco Scientific Co Ltd.

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		 --

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
Central Depository Services (India) Limited
NSE:CDSL
 $2.92 Billion
SINOPHARM GROUP 1/5/O.N.
F:X2S1
 $2.92 Billion
Anhui Conch Cement Company Limited
F:AQE
 $2.92 Billion
Provident Financial Services Inc
NYSE:PFS
 $2.92 Billion
TGS NOPEC Geophysical Company ASA
OL:TGS
 $2.92 Billion
Zhejiang Changsheng Sliding Bearings Co Ltd Class A
SHE:300718
 $2.91 Billion
Holitech Technology Co Ltd
SHE:002217
 $2.91 Billion
Natura &Co Holding S.A.
SA:NTCO3
 $2.91 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: 4.68x
  • 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 25.40x to 4.68x 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$478.00 x
2007-12-31 NT$19.58 NT$478.00 x
2008-12-31 NT$18.10 NT$478.00 x
2009-12-31 NT$22.81 NT$478.00 x
2010-12-31 NT$25.31 NT$478.00 x
2011-12-31 NT$27.96 NT$478.00 x
2012-12-31 NT$28.67 NT$478.00 x
2013-12-31 NT$30.65 NT$478.00 x
2014-12-31 NT$32.77 NT$478.00 x
2015-12-31 NT$34.92 NT$478.00 x
2016-12-31 NT$38.06 NT$478.00 x
2017-12-31 NT$44.82 NT$478.00 x
2018-12-31 NT$46.46 NT$478.00 x
2019-12-31 NT$51.66 NT$478.00 x
2020-12-31 NT$57.30 NT$478.00 x
2021-12-31 NT$62.90 NT$478.00 x
2022-12-31 NT$69.96 NT$478.00 x
2023-12-31 NT$79.87 NT$478.00 x
2024-12-31 NT$90.95 NT$478.00 x
2025-12-31 NT$102.18 NT$478.00 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: $11,159,743,900
  • Average return on equity (ROE) among peers: 11.26%

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 $2.92 Billion
China Wire & Cable Co Ltd (1603) $2.97 Billion 5.87% 1.87x $158.89 Million
Hold-Key Electric Wire & Cable Co Ltd (1618) $4.81 Billion 5.96% 0.12x $254.37 Million
Synnex Technology International Corp (2347) $27.80 Billion 11.84% 1.27x $4.86 Billion
Foxconn Technology Co Ltd (2354) $49.32 Billion 18.34% 1.03x $2.56 Billion
Senao International Co Ltd (2450) $6.13 Billion 23.32% 0.72x $236.36 Million
Wah Lee Industrial Corp (3010) $13.28 Billion 10.66% 1.59x $1.06 Billion
Weikeng Industrial Co Ltd (3033) $3.74 Billion 19.19% 2.14x $743.69 Million
Edom Technology Co Ltd (3048) $2.25 Billion 14.51% 1.96x $617.18 Million
MetaTech AP (3224) $599.51 Million 0.87% 0.30x $93.42 Million
Sentronic International (3232) $702.21 Million 2.09% 0.68x $33.82 Million

About Topco Scientific Co Ltd

TW:5434 Taiwan Electronics & Computer Distribution
Market Cap
$2.92 Billion
NT$92.57 Billion TWD
Market Cap Rank
#5115 Global
#152 in Taiwan
Share Price
NT$478.00
Change (1 day)
+1.59%
52-Week Range
NT$273.00 - NT$485.00
All Time High
NT$485.00
Categories
Companies in Taiwan Electronics & Computer Distribution
About

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