Top Bright Holding Co Ltd (8499) - Net Assets
Based on the latest financial reports, Top Bright Holding Co Ltd (8499) has net assets worth NT$12.03 Billion TWD (≈ $379.01 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$15.95 Billion ≈ $502.49 Million USD) and total liabilities (NT$3.92 Billion ≈ $123.47 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 Top Bright Holding Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$12.03 Billion |
| % of Total Assets | 75.43% |
| Annual Growth Rate | 22.18% |
| 5-Year Change | 234.36% |
| 10-Year Change | 1203.34% |
| Growth Volatility | 60.5 |
Top Bright Holding Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Top Bright Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Top Bright Holding Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Top Bright Holding Co Ltd (2014–2025)
The table below shows the annual net assets of Top Bright Holding Co Ltd from 2014 to 2025. For live valuation and market cap data, see Top Bright Holding Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$12.03 Billion ≈ $379.01 Million |
+6.41% |
| 2024-12-31 | NT$11.31 Billion ≈ $356.19 Million |
+7.42% |
| 2023-12-31 | NT$10.52 Billion ≈ $331.58 Million |
-0.95% |
| 2022-12-31 | NT$10.63 Billion ≈ $334.77 Million |
+195.33% |
| 2021-12-31 | NT$3.60 Billion ≈ $113.35 Million |
+11.21% |
| 2020-12-31 | NT$3.24 Billion ≈ $101.92 Million |
+73.18% |
| 2019-12-31 | NT$1.87 Billion ≈ $58.86 Million |
+6.01% |
| 2018-12-31 | NT$1.76 Billion ≈ $55.52 Million |
+5.46% |
| 2017-12-31 | NT$1.67 Billion ≈ $52.65 Million |
+81.05% |
| 2016-12-31 | NT$923.01 Million ≈ $29.08 Million |
-38.52% |
| 2015-12-31 | NT$1.50 Billion ≈ $47.30 Million |
+13.07% |
| 2014-12-31 | NT$1.33 Billion ≈ $41.83 Million |
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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 242.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.91 Billion | 23.22% |
| Common Stock | NT$411.66 Million | 5.02% |
| Other Components | NT$5.89 Billion | 71.76% |
| Total Equity | NT$8.20 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 |
|---|---|
|
MegaStudyEdu Co. Ltd
KQ:215200
|
$332.74 Million |
|
Rapid7 Inc
NASDAQ:RPD
|
$332.76 Million |
|
ANGLO ASIAN MINING
F:A4A
|
$332.85 Million |
|
Grupo Traxión S.A.B. de C.V
MX:TRAXIONA
|
$332.85 Million |
|
US Century Bank
NASDAQ:USCB
|
$332.65 Million |
|
Guangzheng Group Co Ltd
SHE:002524
|
$332.55 Million |
|
Home Center Holdings Co.Ltd
KQ:060560
|
$332.49 Million |
|
Aldebaran Resources Inc
V:ALDE
|
$332.39 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 2024 to 2025, total equity changed from 8,182,841,000 to 8,203,248,000, a change of 20,407,000 (0.2%).
- Net income of 418,018,000 contributed positively to equity growth.
- Dividend payments of 331,884,000 reduced retained earnings.
- Share repurchases of 53,391,000 reduced equity.
- New share issuances of 182,156,000 increased equity.
- Other comprehensive income decreased equity by 108,430,000.
- Other factors decreased equity by 86,062,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$418.02 Million | +5.1% |
| Dividends Paid | NT$331.88 Million | -4.05% |
| Share Repurchases | NT$53.39 Million | -0.65% |
| Share Issuances | NT$182.16 Million | +2.22% |
| Other Comprehensive Income | NT$-108.43 Million | -1.32% |
| Other Changes | NT$-86.06 Million | -1.05% |
| Total Change | NT$- | 0.25% |
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: 2.03x
- 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 5.24x to 2.03x 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$256.50 | x |
| 2015-12-31 | NT$32.65 | NT$256.50 | x |
| 2016-12-31 | NT$20.19 | NT$256.50 | x |
| 2017-12-31 | NT$35.57 | NT$256.50 | x |
| 2018-12-31 | NT$33.75 | NT$256.50 | x |
| 2019-12-31 | NT$44.23 | NT$256.50 | x |
| 2020-12-31 | NT$69.11 | NT$256.50 | x |
| 2021-12-31 | NT$75.66 | NT$256.50 | x |
| 2022-12-31 | NT$169.90 | NT$256.50 | x |
| 2023-12-31 | NT$158.63 | NT$256.50 | x |
| 2024-12-31 | NT$196.90 | NT$256.50 | x |
| 2025-12-31 | NT$126.48 | NT$256.50 | 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): 5.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.35%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.94x
- Recent ROE (5.10%) is below the historical average (18.13%), 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$-356.06 Million |
| 2025 | 5.10% | 14.35% | 0.18x | 1.94x | NT$-402.31 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: $180,200,345,300
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Top Bright Holding Co Ltd (8499) | NT$12.03 Billion | 25.67% | 0.33x | $332.67 Million |
| Syncmold Enterprise Corp (1582) | $184.49 Million | 15.30% | 0.73x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $6.49 Billion | 0.00% | 1.01x | $1.78 Billion |
| Delta Electronics Inc (2308) | $33.12 Billion | 20.11% | 0.96x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.84 Billion | 0.00% | 1.12x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.69 Trillion | 8.40% | 1.33x | $96.56 Billion |
| Yageo Corp (2327) | $27.35 Billion | 2.10% | 0.67x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $5.49 Billion | 6.90% | 0.48x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.10 Billion | 9.66% | 0.65x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.90 Billion | 3.31% | 0.21x | $642.50 Million |
About 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