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 (≈ $65.07 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.07 Billion ≈ $96.60 Million USD) and total liabilities (NT$1.00 Billion ≈ $31.53 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 tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.07 Billion |
| % of Total Assets | 67.36% |
| Annual Growth Rate | 4.89% |
| 5-Year Change | 113.8% |
| 10-Year Change | 162.49% |
| Growth Volatility | 17.4 |
Thunder Tiger Corp - Net Assets Trend (2002–2025)
This chart illustrates how Thunder Tiger Corp's net assets have evolved over time, based on quarterly financial data. See Thunder Tiger Corp defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Thunder Tiger Corp (2002–2025)
The table below shows the annual net assets of Thunder Tiger Corp from 2002 to 2025. For live valuation and market cap data, see Thunder Tiger Corp (8033) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.07 Billion ≈ $65.07 Million |
+41.08% |
| 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 540.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.53 Billion | 81.05% |
| Other Comprehensive Income | NT$807.06 Million | 42.86% |
| Total Equity | NT$1.88 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 |
|---|---|
|
Guangzhou Haoyang Electronic Co Ltd
SHE:300833
|
$620.44 Million |
|
SENCO GOLD LTD
NSE:SENCO
|
$620.50 Million |
|
Zhejiang Jianye Chemical Co Ltd
SHG:603948
|
$620.59 Million |
|
Kimball Electronics
NASDAQ:KE
|
$620.61 Million |
|
Hyundai Bioscience Co. Ltd
KQ:048410
|
$620.25 Million |
|
Jiangxi Chen Guang New Materials Co Ltd
SHG:605399
|
$619.95 Million |
|
Latham Group Inc
NASDAQ:SWIM
|
$619.93 Million |
|
Guangdong Piano Customized Furniture Co Ltd
SHE:002853
|
$619.91 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 2024 to 2025, total equity changed from 1,288,307,000 to 1,883,069,000, a change of 594,762,000 (46.2%).
- Net income of 87,643,000 contributed positively to equity growth.
- New share issuances of 495,361,000 increased equity.
- Other comprehensive income increased equity by 781,116,001.
- Other factors decreased equity by 769,358,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$87.64 Million | +4.65% |
| Share Issuances | NT$495.36 Million | +26.31% |
| Other Comprehensive Income | NT$781.12 Million | +41.48% |
| Other Changes | NT$-769.36 Million | -40.86% |
| Total Change | NT$- | 46.17% |
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: 9.30x
- 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 11.48x to 9.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$11.23 | NT$129.00 | x |
| 2010-12-31 | NT$8.45 | NT$129.00 | x |
| 2011-12-31 | NT$8.37 | NT$129.00 | x |
| 2012-12-31 | NT$6.77 | NT$129.00 | x |
| 2013-12-31 | NT$7.61 | NT$129.00 | x |
| 2014-12-31 | NT$8.15 | NT$129.00 | x |
| 2015-12-31 | NT$6.86 | NT$129.00 | x |
| 2016-12-31 | NT$6.07 | NT$129.00 | x |
| 2017-12-31 | NT$5.53 | NT$129.00 | x |
| 2018-12-31 | NT$5.17 | NT$129.00 | x |
| 2019-12-31 | NT$4.86 | NT$129.00 | x |
| 2020-12-31 | NT$4.79 | NT$129.00 | x |
| 2021-12-31 | NT$6.60 | NT$129.00 | x |
| 2022-12-31 | NT$6.31 | NT$129.00 | x |
| 2023-12-31 | NT$8.21 | NT$129.00 | x |
| 2024-12-31 | NT$8.91 | NT$129.00 | x |
| 2025-12-31 | NT$13.87 | NT$129.00 | 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): 4.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.15%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.63x
- Recent ROE (4.65%) is above the historical average (-1.36%), 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 |
| 2025 | 4.65% | 6.15% | 0.46x | 1.63x | NT$-100.66 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: $4,743,584,200
- Average return on equity (ROE) among peers: 10.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thunder Tiger Corp (8033) | NT$2.07 Billion | 12.12% | 0.48x | $620.32 Million |
| Trk Corp (1432) | $1.44 Billion | 0.00% | 2.82x | $58.69 Million |
| Rexon Industrial Corp Ltd (1515) | $2.44 Billion | 5.24% | 1.33x | $134.93 Million |
| Sun Race Sturmey-Archer Inc (1526) | $759.53 Million | 17.86% | 1.85x | $27.69 Million |
| Chi Hua Fitness Co Ltd (1593) | $805.60 Million | 14.19% | 0.31x | $39.80 Million |
| Dyaco International Inc (1598) | $2.23 Billion | 13.50% | 1.40x | $110.04 Million |
| Johnson Health Tech Co Ltd (1736) | $9.65 Billion | 7.36% | 2.77x | $1.12 Billion |
| Topkey Corp (4536) | $5.43 Billion | 15.94% | 0.82x | $474.98 Million |
| Brogent Technologies (5263) | $2.81 Billion | 9.47% | 0.24x | $227.71 Million |
| Janfusun Fancyworld (5701) | $3.17 Billion | 0.49% | 0.85x | $22.57 Million |
| Fusheng Precision Co Ltd (6670) | $18.70 Billion | 16.69% | 0.62x | $1.26 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