Tricorntech Corporation
TricornTech Corporation manufactures and sells gas detection and pollution prevention equipment in Taiwan. It offers volatile organic compounds (VOC) analyzers for semiconductors, VOC analyzers, mobile sampling cart, and multi-channel smart integrated systems; environment-specific VOC analyzers; and special analyzers for soil and groundwater contamination application. The company was founded in 2… Read more
Tricorntech Corporation (6909) - Net Assets
Latest net assets as of September 2025: NT$1.01 Billion TWD
Based on the latest financial reports, Tricorntech Corporation (6909) has net assets worth NT$1.01 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$1.16 Billion) and total liabilities (NT$153.37 Million). 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$1.01 Billion |
| % of Total Assets | 86.81% |
| Annual Growth Rate | 19.94% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.53 |
Tricorntech Corporation - Net Assets Trend (2021–2024)
This chart illustrates how Tricorntech Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tricorntech Corporation (2021–2024)
The table below shows the annual net assets of Tricorntech Corporation from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$843.56 Million | +6.69% |
| 2023-12-31 | NT$790.68 Million | +14.89% |
| 2022-12-31 | NT$688.17 Million | +40.78% |
| 2021-12-31 | NT$488.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tricorntech Corporation'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 64302100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$160.82 Million | 19.06% |
| Other Components | NT$682.74 Million | 80.94% |
| Total Equity | NT$843.56 Million | 100.00% |
Tricorntech Corporation Competitors by Market Cap
The table below lists competitors of Tricorntech Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Turk Tuborg Bira ve Malt Sanayi AS
IS:TBORG
|
$68.59 Million |
|
Harrisons Holdings (Malaysia)
KLSE:5008
|
$68.65 Million |
|
BAUER Aktiengesellschaft
PINK:BRAGF
|
$68.65 Million |
|
Ultralife Corporation
NASDAQ:ULBI
|
$68.68 Million |
|
Riber S.A
PA:ALRIB
|
$68.56 Million |
|
Exclusive Networks SA
PINK:EXNWF
|
$68.53 Million |
|
Adel Kalemcilik Ticaret ve Sanayi AS
IS:ADEL
|
$68.53 Million |
|
Hyloris Developmentsen Sa
BR:HYL
|
$68.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tricorntech Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 790,676,000 to 843,562,000, a change of 52,886,000 (6.7%).
- Net income of 93,316,000 contributed positively to equity growth.
- Dividend payments of 48,188,000 reduced retained earnings.
- New share issuances of 3,739,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$93.32 Million | +11.06% |
| Dividends Paid | NT$48.19 Million | -5.71% |
| Share Issuances | NT$3.74 Million | +0.44% |
| Other Changes | NT$4.02 Million | +0.48% |
| Total Change | NT$- | 6.69% |
Book Value vs Market Value Analysis
This analysis compares Tricorntech Corporation'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: 3.24x
- 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 5.50x to 3.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | NT$8.15 | NT$44.80 | x |
| 2022-12-31 | NT$11.47 | NT$44.80 | x |
| 2023-12-31 | NT$13.13 | NT$44.80 | x |
| 2024-12-31 | NT$13.81 | NT$44.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tricorntech Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.81%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.19x
- Recent ROE (11.06%) is above the historical average (10.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 3.64% | 6.14% | 0.50x | 1.19x | NT$-31.11 Million |
| 2022 | 16.69% | 29.10% | 0.47x | 1.21x | NT$46.03 Million |
| 2023 | 11.78% | 22.90% | 0.45x | 1.15x | NT$14.05 Million |
| 2024 | 11.06% | 18.81% | 0.49x | 1.19x | NT$8.96 Million |
Industry Comparison
This section compares Tricorntech Corporation's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $13,532,689,500
- Average return on equity (ROE) among peers: 12.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tricorntech Corporation (6909) | NT$1.01 Billion | 3.64% | 0.15x | $68.58 Million |
| TECO Electric & Machinery Co Ltd (1504) | $61.70 Billion | 5.22% | 0.61x | $3.79 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $19.24 Billion | 18.82% | 1.56x | $1.96 Billion |
| Anderson Industrial Corp (1528) | $2.30 Billion | -6.77% | 1.31x | $87.63 Million |
| Awea Mechantronic Co Ltd (1530) | $3.16 Billion | 4.15% | 0.97x | $20.63 Million |
| Kaulin Mfg (1531) | $4.60 Billion | 7.11% | 0.29x | $39.04 Million |
| Chiu Ting Machinery Co Ltd (1539) | $990.48 Million | 22.54% | 1.99x | $14.13 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.20 Billion | 23.81% | 0.57x | $45.90 Million |
| Sinmag Equipment (1580) | $2.98 Billion | 20.23% | 0.34x | $131.61 Million |
| Goodway Machine Corp (1583) | $4.00 Billion | 10.09% | 1.15x | $28.04 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $3.89 Billion |