Thunder Tiger Corp (8033) - Net Assets
Based on the latest financial reports, Thunder Tiger Corp (8033) has net assets worth NT$2.07 Billion TWD (≈ $65.26 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$2.99 Billion ≈ $94.32 Million USD) and total liabilities (NT$922.22 Million ≈ $29.05 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 Thunder Tiger Corp (8033) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.07 Billion |
| % of Total Assets | 69.19% |
| Annual Growth Rate | 3.49% |
| 5-Year Change | 108.3% |
| 10-Year Change | 48.43% |
| Growth Volatility | 16.09 |
Thunder Tiger Corp - Net Assets Trend (2002–2024)
This chart illustrates how Thunder Tiger Corp's net assets have evolved over time, based on quarterly financial data. Also explore Thunder Tiger Corp balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Thunder Tiger Corp (2002–2024)
The table below shows the annual net assets of Thunder Tiger Corp from 2002 to 2024. For live valuation and market cap data, see Thunder Tiger Corp (8033) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.46 Billion ≈ $46.13 Million |
+9.54% |
| 2023-12-31 | NT$1.34 Billion ≈ $42.11 Million |
+33.04% |
| 2022-12-31 | NT$1.00 Billion ≈ $31.65 Million |
+3.99% |
| 2021-12-31 | NT$966.07 Million ≈ $30.44 Million |
+37.45% |
| 2020-12-31 | NT$702.86 Million ≈ $22.14 Million |
-0.68% |
| 2019-12-31 | NT$707.65 Million ≈ $22.29 Million |
-3.64% |
| 2018-12-31 | NT$734.39 Million ≈ $23.14 Million |
-4.19% |
| 2017-12-31 | NT$766.51 Million ≈ $24.15 Million |
-2.59% |
| 2016-12-31 | NT$786.87 Million ≈ $24.79 Million |
-20.23% |
| 2015-12-31 | NT$986.37 Million ≈ $31.08 Million |
+2.78% |
| 2014-12-31 | NT$959.72 Million ≈ $30.24 Million |
+17.79% |
| 2013-12-31 | NT$814.74 Million ≈ $25.67 Million |
+25.48% |
| 2012-12-31 | NT$649.31 Million ≈ $20.46 Million |
-19.05% |
| 2011-12-31 | NT$802.15 Million ≈ $25.27 Million |
-0.93% |
| 2010-12-31 | NT$809.67 Million ≈ $25.51 Million |
-25.12% |
| 2009-12-31 | NT$1.08 Billion ≈ $34.07 Million |
-8.77% |
| 2008-12-31 | NT$1.19 Billion ≈ $37.34 Million |
-4.53% |
| 2007-12-31 | NT$1.24 Billion ≈ $39.11 Million |
+5.71% |
| 2006-12-31 | NT$1.17 Billion ≈ $37.00 Million |
+3.02% |
| 2005-12-31 | NT$1.14 Billion ≈ $35.91 Million |
+22.49% |
| 2004-12-31 | NT$930.57 Million ≈ $29.32 Million |
+15.56% |
| 2003-12-31 | NT$805.29 Million ≈ $25.37 Million |
+16.96% |
| 2002-12-31 | NT$688.52 Million ≈ $21.69 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thunder Tiger Corp'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 decreased by 623.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.43 Billion | 110.71% |
| Other Comprehensive Income | NT$25.94 Million | 2.01% |
| Other Components | NT$371.10 Million | 28.81% |
| Total Equity | NT$1.29 Billion | 100.00% |
Thunder Tiger Corp Competitors by Market Cap
The table below lists competitors of Thunder Tiger Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiamen Hexing Packaging Printing Co Ltd
SHE:002228
|
$692.47 Million |
|
Cheng Mei Materials Technology Corp
TW:4960
|
$692.71 Million |
|
Ampoc Far-East Co Ltd
TW:2493
|
$692.88 Million |
|
Latham Group Inc
NASDAQ:SWIM
|
$692.94 Million |
|
Paras Defence and Space Technologies Limited
NSE:PARAS
|
$692.21 Million |
|
ShaoYang Victor Hydraulics Co.Ltd
SHE:301079
|
$691.96 Million |
|
Max Estates Limited
NSE:MAXESTATES
|
$691.68 Million |
|
Cannae Holdings Inc
NYSE:CNNE
|
$691.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thunder Tiger Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,196,619,000 to 1,288,307,000, a change of 91,688,000 (7.7%).
- Net income of 71,759,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 18,907,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$71.76 Million | +5.57% |
| Other Comprehensive Income | NT$18.91 Million | +1.47% |
| Other Changes | NT$1.02 Million | +0.08% |
| Total Change | NT$- | 7.66% |
Book Value vs Market Value Analysis
This analysis compares Thunder Tiger Corp'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: 16.16x
- 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 increased from 12.82x to 16.16x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$11.23 | NT$144.00 | x |
| 2010-12-31 | NT$8.45 | NT$144.00 | x |
| 2011-12-31 | NT$8.37 | NT$144.00 | x |
| 2012-12-31 | NT$6.77 | NT$144.00 | x |
| 2013-12-31 | NT$7.61 | NT$144.00 | x |
| 2014-12-31 | NT$8.15 | NT$144.00 | x |
| 2015-12-31 | NT$6.86 | NT$144.00 | x |
| 2016-12-31 | NT$6.07 | NT$144.00 | x |
| 2017-12-31 | NT$5.53 | NT$144.00 | x |
| 2018-12-31 | NT$5.17 | NT$144.00 | x |
| 2019-12-31 | NT$4.86 | NT$144.00 | x |
| 2020-12-31 | NT$4.79 | NT$144.00 | x |
| 2021-12-31 | NT$6.60 | NT$144.00 | x |
| 2022-12-31 | NT$6.31 | NT$144.00 | x |
| 2023-12-31 | NT$8.21 | NT$144.00 | x |
| 2024-12-31 | NT$8.91 | NT$144.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thunder Tiger Corp 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): 5.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.76%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.04x
- Recent ROE (5.57%) is above the historical average (-1.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 12.12% | 11.08% | 0.76x | 1.43x | NT$14.62 Million |
| 2003 | 19.21% | 16.58% | 0.80x | 1.46x | NT$74.20 Million |
| 2004 | 21.05% | 16.15% | 0.89x | 1.47x | NT$102.85 Million |
| 2005 | 25.04% | 17.28% | 0.99x | 1.47x | NT$171.41 Million |
| 2006 | 18.02% | 12.30% | 1.05x | 1.40x | NT$94.18 Million |
| 2007 | 12.27% | 9.21% | 0.93x | 1.43x | NT$27.95 Million |
| 2008 | 1.01% | 0.85% | 0.73x | 1.64x | NT$-105.96 Million |
| 2009 | -4.45% | -3.58% | 0.68x | 1.83x | NT$-155.62 Million |
| 2010 | -23.34% | -16.55% | 0.66x | 2.13x | NT$-269.92 Million |
| 2011 | -10.70% | -7.60% | 0.61x | 2.31x | NT$-166.07 Million |
| 2012 | -25.74% | -15.93% | 0.61x | 2.67x | NT$-232.07 Million |
| 2013 | 2.60% | 1.85% | 0.67x | 2.10x | NT$-55.77 Million |
| 2014 | -18.19% | -13.62% | 0.64x | 2.10x | NT$-245.88 Million |
| 2015 | -21.07% | -21.40% | 0.55x | 1.79x | NT$-279.77 Million |
| 2016 | -28.08% | -28.47% | 0.65x | 1.51x | NT$-265.03 Million |
| 2017 | -13.96% | -10.66% | 0.74x | 1.77x | NT$-151.95 Million |
| 2018 | -8.23% | -5.60% | 0.80x | 1.84x | NT$-108.02 Million |
| 2019 | -8.22% | -5.69% | 0.68x | 2.11x | NT$-102.79 Million |
| 2020 | 4.33% | 2.69% | 0.71x | 2.26x | NT$-31.99 Million |
| 2021 | 2.68% | 1.87% | 0.82x | 1.74x | NT$-60.43 Million |
| 2022 | 2.86% | 2.24% | 0.65x | 1.97x | NT$-60.97 Million |
| 2023 | -2.16% | -2.63% | 0.45x | 1.82x | NT$-145.53 Million |
| 2024 | 5.57% | 5.76% | 0.47x | 2.04x | NT$-57.07 Million |
Industry Comparison
This section compares Thunder Tiger Corp's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $2,716,491,800
- Average return on equity (ROE) among peers: 5.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thunder Tiger Corp (8033) | NT$2.07 Billion | 12.12% | 0.45x | $692.45 Million |
| Trk Corp (1432) | $799.85 Million | 0.00% | 4.58x | $57.33 Million |
| Rexon Industrial Corp Ltd (1515) | $2.96 Billion | 0.00% | 1.40x | $125.21 Million |
| Sun Race Sturmey-Archer Inc (1526) | $602.98 Million | 12.05% | 1.17x | $30.91 Million |
| Chi Hua Fitness Co Ltd (1593) | $794.85 Million | 12.58% | 0.28x | $39.23 Million |
| Dyaco International Inc (1598) | $4.95 Billion | 1.45% | 1.25x | $108.99 Million |
| Johnson Health Tech Co Ltd (1736) | $2.41 Billion | 31.37% | 1.31x | $1.17 Billion |
| Topkey Corp (4536) | $5.99 Billion | 13.88% | 0.88x | $427.77 Million |
| Brogent Technologies (5263) | $2.81 Billion | 9.47% | 0.24x | $207.84 Million |
| Janfusun Fancyworld (5701) | $764.15 Million | -25.17% | 3.07x | $15.36 Million |
| Fusheng Precision Co Ltd (6670) | $5.08 Billion | 0.00% | 1.45x | $1.10 Billion |
About Thunder Tiger Corp
Thunder Tiger Corp., together with its subsidiaries, manufactures and sells remote-controlled planes, helicopters, cars, boats, engine parts, and medical devices in Taiwan, the United States, and internationally. It also designs and manufactures dental handpieces and other dental equipment. The company was formerly known as Thunder Tiger Model Company Limited and changed its name to Thunder Tiger… Read more