Top Bright Holding Co Ltd
Top Bright Holding Co., Ltd. engages in the research, development, manufacture, and sale of weighing instruments and electronic materials in China, Asia, Europe, and the Americas. It operates through Electronic Materials Department and Weighing Instruments Department segments. The company offers price forklift scales, medical scales, smart weighing systems, smart cash register scale, smart barcod… Read more
Top Bright Holding Co Ltd (8499) - Net Assets
Latest net assets as of September 2025: NT$11.29 Billion TWD
Based on the latest financial reports, Top Bright Holding Co Ltd (8499) has net assets worth NT$11.29 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$15.28 Billion) and total liabilities (NT$3.99 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$11.29 Billion |
| % of Total Assets | 73.9% |
| Annual Growth Rate | 23.88% |
| 5-Year Change | 249.46% |
| 10-Year Change | 653.03% |
| Growth Volatility | 62.85 |
Top Bright Holding Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Top Bright Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Top Bright Holding Co Ltd (2014–2024)
The table below shows the annual net assets of Top Bright Holding Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$11.31 Billion | +7.42% |
| 2023-12-31 | NT$10.52 Billion | -0.95% |
| 2022-12-31 | NT$10.63 Billion | +195.33% |
| 2021-12-31 | NT$3.60 Billion | +11.21% |
| 2020-12-31 | NT$3.24 Billion | +73.18% |
| 2019-12-31 | NT$1.87 Billion | +6.01% |
| 2018-12-31 | NT$1.76 Billion | +5.46% |
| 2017-12-31 | NT$1.67 Billion | +81.05% |
| 2016-12-31 | NT$923.01 Million | -38.52% |
| 2015-12-31 | NT$1.50 Billion | +13.07% |
| 2014-12-31 | NT$1.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Top Bright Holding 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 358.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.55 Billion | 31.16% |
| Common Stock | NT$414.86 Million | 5.07% |
| Other Comprehensive Income | NT$108.43 Million | 1.33% |
| Other Components | NT$5.11 Billion | 62.44% |
| Total Equity | NT$8.18 Billion | 100.00% |
Top Bright Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Top Bright Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bastide Le Confort Médical SA
PA:BLC
|
$83.14 Million |
|
YUEXIU SERVICES GROUP LTD
F:5R9
|
$83.15 Million |
|
KBS Real Estate Investment Trust III Inc
PINK:KBSR
|
$83.17 Million |
|
IMAX China Holding Inc
PINK:IMXCF
|
$83.18 Million |
|
Charlton Aria Acquisition Corporation Class A Ordinary Shares
NASDAQ:CHAR
|
$83.10 Million |
|
Leifheit Aktiengesellschaft
F:LEI
|
$83.09 Million |
|
Allianz Ayudhya Capital Public Company Limited
BK:AYUD
|
$83.09 Million |
|
Fairwood Holdings Limited
PINK:FRWDF
|
$83.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Top Bright Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,523,252,000 to 8,182,841,000, a change of 659,589,000 (8.8%).
- Net income of 462,229,000 contributed positively to equity growth.
- Dividend payments of 165,942,000 reduced retained earnings.
- Share repurchases of 80,409,000 reduced equity.
- Other comprehensive income decreased equity by 206,422,000.
- Other factors increased equity by 650,133,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$462.23 Million | +5.65% |
| Dividends Paid | NT$165.94 Million | -2.03% |
| Share Repurchases | NT$80.41 Million | -0.98% |
| Other Comprehensive Income | NT$-206.42 Million | -2.52% |
| Other Changes | NT$650.13 Million | +7.95% |
| Total Change | NT$- | 8.77% |
Book Value vs Market Value Analysis
This analysis compares Top Bright Holding 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: 1.41x
- 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 5.67x to 1.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | NT$48.96 | NT$277.50 | x |
| 2015-12-31 | NT$32.65 | NT$277.50 | x |
| 2016-12-31 | NT$20.19 | NT$277.50 | x |
| 2017-12-31 | NT$35.57 | NT$277.50 | x |
| 2018-12-31 | NT$33.75 | NT$277.50 | x |
| 2019-12-31 | NT$44.23 | NT$277.50 | x |
| 2020-12-31 | NT$69.11 | NT$277.50 | x |
| 2021-12-31 | NT$75.66 | NT$277.50 | x |
| 2022-12-31 | NT$169.90 | NT$277.50 | x |
| 2023-12-31 | NT$158.63 | NT$277.50 | x |
| 2024-12-31 | NT$196.90 | NT$277.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Top Bright Holding 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): 5.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.67%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.49x
- Recent ROE (5.65%) is below the historical average (19.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 25.67% | 21.73% | 0.81x | 1.46x | NT$191.86 Million |
| 2015 | 22.41% | 22.56% | 0.72x | 1.38x | NT$182.39 Million |
| 2016 | 33.57% | 21.24% | 1.05x | 1.51x | NT$214.64 Million |
| 2017 | 19.74% | 22.35% | 0.69x | 1.28x | NT$162.04 Million |
| 2018 | 23.46% | 24.83% | 0.70x | 1.34x | NT$234.65 Million |
| 2019 | 22.57% | 22.51% | 0.63x | 1.60x | NT$232.62 Million |
| 2020 | 20.87% | 26.95% | 0.52x | 1.49x | NT$331.32 Million |
| 2021 | 21.88% | 27.57% | 0.53x | 1.51x | NT$398.16 Million |
| 2022 | 10.97% | 35.36% | 0.20x | 1.57x | NT$72.16 Million |
| 2023 | 5.64% | 22.96% | 0.16x | 1.49x | NT$-327.85 Million |
| 2024 | 5.65% | 22.67% | 0.17x | 1.49x | NT$-356.06 Million |
Industry Comparison
This section compares Top Bright Holding Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $187,867,240,100
- Average return on equity (ROE) among peers: 6.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Top Bright Holding Co Ltd (8499) | NT$11.29 Billion | 25.67% | 0.35x | $83.10 Million |
| Syncmold Enterprise Corp (1582) | $4.29 Billion | 16.99% | 0.69x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.39 Billion | 0.00% | 0.90x | $1.40 Billion |
| Delta Electronics Inc (2308) | $325.39 Billion | 20.88% | 0.97x | $80.57 Billion |
| Compeq Manufacturing Co Ltd (2313) | $14.23 Billion | 2.16% | 1.01x | $6.72 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $1.48 Trillion | 6.88% | 1.48x | $76.45 Billion |
| Pan-International Industrial Corp (2328) | $18.48 Billion | 5.79% | 0.37x | $561.22 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $460.73 Million |
| Solomon Technology Corp (2359) | $5.33 Billion | 8.60% | 0.59x | $417.90 Million |
| Unitech Printed Circuit Board Corp (2367) | $8.30 Billion | -8.42% | 1.39x | $1.40 Billion |
| Gold Circuit Electronics Ltd (2368) | $7.17 Billion | 1.81% | 1.92x | $8.82 Billion |