APCB Inc
APCB Inc., together with its subsidiaries, manufactures, processes, and sells printed circuit boards (PCB) in Taiwan, China, Thailand, South Korea, Vietnam, and internationally. The company offers double-sided, multi-layer, and flexible PCBs, as well as other related products. It also engages in trading and investment businesses. APCB Inc. was founded in 1970 and is based in New Taipei City, Taiw… Read more
APCB Inc (6108) - Net Assets
Latest net assets as of September 2025: NT$3.17 Billion TWD
Based on the latest financial reports, APCB Inc (6108) has net assets worth NT$3.17 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$6.87 Billion) and total liabilities (NT$3.70 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$3.17 Billion |
| % of Total Assets | 46.12% |
| Annual Growth Rate | 7.77% |
| 5-Year Change | 7.69% |
| 10-Year Change | 5.14% |
| Growth Volatility | 25.56 |
APCB Inc - Net Assets Trend (2002–2024)
This chart illustrates how APCB 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 APCB Inc (2002–2024)
The table below shows the annual net assets of APCB Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.72 Billion | +4.51% |
| 2023-12-31 | NT$3.56 Billion | -1.48% |
| 2022-12-31 | NT$3.62 Billion | +1.23% |
| 2021-12-31 | NT$3.57 Billion | +3.32% |
| 2020-12-31 | NT$3.46 Billion | -8.38% |
| 2019-12-31 | NT$3.77 Billion | -4.31% |
| 2018-12-31 | NT$3.94 Billion | +8.18% |
| 2017-12-31 | NT$3.65 Billion | -3.78% |
| 2016-12-31 | NT$3.79 Billion | +6.99% |
| 2015-12-31 | NT$3.54 Billion | -4.57% |
| 2014-12-31 | NT$3.71 Billion | +10.69% |
| 2013-12-31 | NT$3.35 Billion | +2.43% |
| 2012-12-31 | NT$3.27 Billion | +0.92% |
| 2011-12-31 | NT$3.24 Billion | +10.76% |
| 2010-12-31 | NT$2.93 Billion | -3.34% |
| 2009-12-31 | NT$3.03 Billion | +29.53% |
| 2008-12-31 | NT$2.34 Billion | +12.56% |
| 2007-12-31 | NT$2.08 Billion | -17.51% |
| 2006-12-31 | NT$2.52 Billion | +10.31% |
| 2005-12-31 | NT$2.28 Billion | +116.57% |
| 2004-12-31 | NT$1.05 Billion | +26.63% |
| 2003-12-31 | NT$832.66 Million | +16.01% |
| 2002-12-31 | NT$717.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to APCB 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 1566.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$989.48 Million | 26.57% |
| Common Stock | NT$1.60 Billion | 42.94% |
| Other Comprehensive Income | NT$22.47 Million | 0.60% |
| Other Components | NT$1.11 Billion | 29.88% |
| Total Equity | NT$3.72 Billion | 100.00% |
APCB Inc Competitors by Market Cap
The table below lists competitors of APCB Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eolus Vind AB Series B
LSE:0R8F
|
$62.40 Million |
|
Equillium Inc
NASDAQ:EQ
|
$62.43 Million |
|
Berjaya Land Bhd
KLSE:4219
|
$62.43 Million |
|
Upexi Inc.
NASDAQ:UPXI
|
$62.43 Million |
|
Yimutian Inc. American Depositary Shares
NASDAQ:YMT
|
$62.38 Million |
|
GM Breweries Limited
NSE:GMBREW
|
$62.36 Million |
|
Nnit AS
CO:NNIT
|
$62.36 Million |
|
Dialight plc
PINK:DIALF
|
$62.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in APCB Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,563,128,000 to 3,723,658,000, a change of 160,530,000 (4.5%).
- Net income of 147,973,000 contributed positively to equity growth.
- Dividend payments of 79,950,000 reduced retained earnings.
- Other comprehensive income decreased equity by 774,161,001.
- Other factors increased equity by 866,668,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$147.97 Million | +3.97% |
| Dividends Paid | NT$79.95 Million | -2.15% |
| Other Comprehensive Income | NT$-774.16 Million | -20.79% |
| Other Changes | NT$866.67 Million | +23.27% |
| Total Change | NT$- | 4.51% |
Book Value vs Market Value Analysis
This analysis compares APCB 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: 0.71x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.74x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$9.43 | NT$16.45 | x |
| 2005-12-31 | NT$14.46 | NT$16.45 | x |
| 2006-12-31 | NT$10.71 | NT$16.45 | x |
| 2007-12-31 | NT$15.39 | NT$16.45 | x |
| 2008-12-31 | NT$15.85 | NT$16.45 | x |
| 2009-12-31 | NT$18.77 | NT$16.45 | x |
| 2010-12-31 | NT$17.80 | NT$16.45 | x |
| 2011-12-31 | NT$18.65 | NT$16.45 | x |
| 2012-12-31 | NT$18.73 | NT$16.45 | x |
| 2013-12-31 | NT$20.44 | NT$16.45 | x |
| 2014-12-31 | NT$22.97 | NT$16.45 | x |
| 2015-12-31 | NT$22.02 | NT$16.45 | x |
| 2016-12-31 | NT$23.43 | NT$16.45 | x |
| 2017-12-31 | NT$22.60 | NT$16.45 | x |
| 2018-12-31 | NT$24.33 | NT$16.45 | x |
| 2019-12-31 | NT$23.32 | NT$16.45 | x |
| 2020-12-31 | NT$21.63 | NT$16.45 | x |
| 2021-12-31 | NT$22.19 | NT$16.45 | x |
| 2022-12-31 | NT$22.55 | NT$16.45 | x |
| 2023-12-31 | NT$22.23 | NT$16.45 | x |
| 2024-12-31 | NT$23.06 | NT$16.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently APCB Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.90%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.94x
- Recent ROE (3.97%) is below the historical average (9.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.74% | 1.80% | 0.85x | 2.43x | NT$-44.95 Million |
| 2003 | 15.95% | 4.77% | 1.01x | 3.31x | NT$49.52 Million |
| 2004 | 23.18% | 6.06% | 1.27x | 3.01x | NT$138.94 Million |
| 2005 | 14.53% | 3.95% | 0.90x | 4.08x | NT$74.19 Million |
| 2006 | 7.70% | 1.96% | 0.79x | 4.99x | NT$-40.34 Million |
| 2007 | 16.89% | 5.17% | 1.13x | 2.90x | NT$143.10 Million |
| 2008 | 10.43% | 5.20% | 0.70x | 2.85x | NT$10.02 Million |
| 2009 | 20.35% | 11.51% | 0.86x | 2.05x | NT$313.57 Million |
| 2010 | 16.65% | 7.15% | 0.89x | 2.61x | NT$194.63 Million |
| 2011 | 14.03% | 5.85% | 0.85x | 2.82x | NT$130.86 Million |
| 2012 | 10.31% | 4.67% | 0.78x | 2.82x | NT$10.21 Million |
| 2013 | 4.71% | 1.96% | 0.74x | 3.26x | NT$-177.20 Million |
| 2014 | 8.91% | 3.69% | 0.83x | 2.93x | NT$-40.53 Million |
| 2015 | 0.55% | 0.25% | 0.78x | 2.81x | NT$-334.71 Million |
| 2016 | 13.33% | 5.88% | 0.81x | 2.81x | NT$126.08 Million |
| 2017 | 7.49% | 3.13% | 0.82x | 2.93x | NT$-91.64 Million |
| 2018 | 14.09% | 6.22% | 0.80x | 2.84x | NT$161.21 Million |
| 2019 | 9.40% | 4.48% | 0.82x | 2.54x | NT$-22.66 Million |
| 2020 | -2.40% | -1.00% | 0.85x | 2.81x | NT$-428.95 Million |
| 2021 | 6.73% | 2.64% | 0.98x | 2.61x | NT$-116.87 Million |
| 2022 | 0.96% | 0.50% | 0.79x | 2.42x | NT$-326.79 Million |
| 2023 | 1.52% | 0.91% | 0.67x | 2.50x | NT$-302.01 Million |
| 2024 | 3.97% | 2.90% | 0.71x | 1.94x | NT$-224.39 Million |
Industry Comparison
This section compares APCB Inc's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| APCB Inc (6108) | NT$3.17 Billion | 3.74% | 1.17x | $62.40 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |