Fittech Co Ltd (6706) - Net Assets
Based on the latest financial reports, Fittech Co Ltd (6706) has net assets worth NT$3.83 Billion TWD (≈ $120.65 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$7.20 Billion ≈ $226.93 Million USD) and total liabilities (NT$3.37 Billion ≈ $106.28 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 Fittech Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.83 Billion |
| % of Total Assets | 53.17% |
| Annual Growth Rate | 28.7% |
| 5-Year Change | 69.72% |
| 10-Year Change | 1190.16% |
| Growth Volatility | 35.91 |
Fittech Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Fittech Co Ltd's net assets have evolved over time, based on quarterly financial data. See Fittech Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fittech Co Ltd (2014–2024)
The table below shows the annual net assets of Fittech Co Ltd from 2014 to 2024. For live valuation and market cap data, see market value of Fittech Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.15 Billion ≈ $130.75 Million |
+14.56% |
| 2023-12-31 | NT$3.62 Billion ≈ $114.13 Million |
-14.11% |
| 2022-12-31 | NT$4.22 Billion ≈ $132.87 Million |
+4.88% |
| 2021-12-31 | NT$4.02 Billion ≈ $126.69 Million |
+64.46% |
| 2020-12-31 | NT$2.45 Billion ≈ $77.04 Million |
+5.69% |
| 2019-12-31 | NT$2.31 Billion ≈ $72.89 Million |
+27.68% |
| 2018-12-31 | NT$1.81 Billion ≈ $57.09 Million |
+92.88% |
| 2017-12-31 | NT$939.43 Million ≈ $29.60 Million |
+69.58% |
| 2016-12-31 | NT$553.96 Million ≈ $17.45 Million |
+72.22% |
| 2015-12-31 | NT$321.66 Million ≈ $10.13 Million |
-3.32% |
| 2014-12-31 | NT$332.72 Million ≈ $10.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fittech 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 1718.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$985.47 Million | 23.75% |
| Common Stock | NT$785.69 Million | 18.93% |
| Other Comprehensive Income | NT$785.40 Million | 18.93% |
| Other Components | NT$1.59 Billion | 38.40% |
| Total Equity | NT$4.15 Billion | 100.00% |
Fittech Co Ltd Competitors by Market Cap
The table below lists competitors of Fittech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PEPPER MONEY LTD.
F:X95
|
$413.28 Million |
|
Promotora de Informaciones SA
MC:PRS
|
$413.34 Million |
|
Dalian Zhiyun Automation Co Ltd
SHE:300097
|
$413.37 Million |
|
Hualan Group Co Ltd
SHE:301027
|
$413.44 Million |
|
Zedcor Energy
V:ZDC
|
$413.25 Million |
|
SHELF DRILLING LTD
F:6SD
|
$413.20 Million |
|
PetroChina Jinhong Energy Investment Co Ltd
SHE:000669
|
$413.20 Million |
|
Beijing Capital International Airport Company Limited
F:BJ1
|
$413.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fittech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,622,447,000 to 4,149,980,000, a change of 527,533,000 (14.6%).
- Net loss of 317,607,000 reduced equity.
- New share issuances of 660,000,000 increased equity.
- Other comprehensive income increased equity by 111,465,000.
- Other factors increased equity by 73,675,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-317.61 Million | -7.65% |
| Share Issuances | NT$660.00 Million | +15.9% |
| Other Comprehensive Income | NT$111.47 Million | +2.69% |
| Other Changes | NT$73.67 Million | +1.78% |
| Total Change | NT$- | 14.56% |
Book Value vs Market Value Analysis
This analysis compares Fittech 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: 2.98x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 12.17x to 2.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | NT$13.72 | NT$167.00 | x |
| 2016-12-31 | NT$19.87 | NT$167.00 | x |
| 2017-12-31 | NT$18.04 | NT$167.00 | x |
| 2018-12-31 | NT$30.99 | NT$167.00 | x |
| 2019-12-31 | NT$37.08 | NT$167.00 | x |
| 2020-12-31 | NT$35.24 | NT$167.00 | x |
| 2021-12-31 | NT$53.41 | NT$167.00 | x |
| 2022-12-31 | NT$54.97 | NT$167.00 | x |
| 2023-12-31 | NT$48.70 | NT$167.00 | x |
| 2024-12-31 | NT$56.09 | NT$167.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fittech Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -34.23%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.81x
- Recent ROE (-7.65%) is below the historical average (15.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 3.78% | 2.78% | 0.77x | 1.76x | NT$-19.99 Million |
| 2016 | 44.06% | 14.25% | 1.16x | 2.67x | NT$188.69 Million |
| 2017 | 34.85% | 9.66% | 1.51x | 2.39x | NT$233.46 Million |
| 2018 | 16.36% | 9.42% | 0.62x | 2.78x | NT$115.32 Million |
| 2019 | 13.67% | 8.51% | 0.92x | 1.75x | NT$85.00 Million |
| 2020 | 14.02% | 10.85% | 0.64x | 2.03x | NT$98.33 Million |
| 2021 | 24.85% | 17.49% | 0.66x | 2.15x | NT$597.34 Million |
| 2022 | 22.07% | 20.88% | 0.65x | 1.62x | NT$508.91 Million |
| 2023 | -10.41% | -28.28% | 0.21x | 1.78x | NT$-739.46 Million |
| 2024 | -7.65% | -34.23% | 0.12x | 1.81x | NT$-732.61 Million |
Industry Comparison
This section compares Fittech Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $8,475,870,800
- Average return on equity (ROE) among peers: 8.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fittech Co Ltd (6706) | NT$3.83 Billion | 3.78% | 0.88x | $413.28 Million |
| TECO Electric & Machinery Co Ltd (1504) | $38.74 Billion | 7.18% | 0.82x | $5.07 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $13.37 Billion | 18.21% | 2.12x | $2.68 Billion |
| Anderson Industrial Corp (1528) | $1.60 Billion | 1.06% | 1.03x | $152.81 Million |
| Awea Mechantronic Co Ltd (1530) | $3.13 Billion | 10.64% | 1.48x | $91.05 Million |
| Kaulin Mfg (1531) | $3.64 Billion | 0.82% | 0.20x | $74.30 Million |
| Chiu Ting Machinery Co Ltd (1539) | $793.16 Million | 0.00% | 1.10x | $32.44 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.29 Billion | -0.28% | 0.18x | $59.38 Million |
| Sinmag Equipment (1580) | $3.37 Billion | 18.47% | 0.35x | $192.75 Million |
| Goodway Machine Corp (1583) | $8.41 Billion | 14.92% | 0.77x | $174.40 Million |
| Airtac International Group (1590) | $10.41 Billion | 13.14% | 1.06x | $8.32 Billion |
About Fittech Co Ltd
Fittech Co., Ltd. provides automatic equipment and system integration services in Taiwan, China, Asia, and internationally. The company offers LED/MiniLED test solutions, including LED chip and wafer, auto LED wafer, LED flip chip/wafer, auto flip-chip, auto LED chip probing and testing systems, auto production LED mapping sorters, high accuracy automatic chip counters, and automatic detaching ta… Read more