Fulgent Sun International Holding Co Ltd (9802) - Net Assets
Based on the latest financial reports, Fulgent Sun International Holding Co Ltd (9802) has net assets worth NT$13.38 Billion TWD (≈ $421.45 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$20.94 Billion ≈ $659.88 Million USD) and total liabilities (NT$7.57 Billion ≈ $238.42 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 9802 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$13.38 Billion |
| % of Total Assets | 63.87% |
| Annual Growth Rate | 11.92% |
| 5-Year Change | 65.24% |
| 10-Year Change | 155.15% |
| Growth Volatility | 12.44 |
Fulgent Sun International Holding Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Fulgent Sun International Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Fulgent Sun International Holding Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Fulgent Sun International Holding Co Ltd (2009–2024)
The table below shows the annual net assets of Fulgent Sun International Holding Co Ltd from 2009 to 2024. For live valuation and market cap data, see Fulgent Sun International Holding Co Ltd (9802) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$14.07 Billion ≈ $443.31 Million |
+13.74% |
| 2023-12-31 | NT$12.37 Billion ≈ $389.77 Million |
-2.02% |
| 2022-12-31 | NT$12.63 Billion ≈ $397.81 Million |
+39.64% |
| 2021-12-31 | NT$9.04 Billion ≈ $284.89 Million |
+6.19% |
| 2020-12-31 | NT$8.52 Billion ≈ $268.28 Million |
+2.92% |
| 2019-12-31 | NT$8.27 Billion ≈ $260.67 Million |
+26.56% |
| 2018-12-31 | NT$6.54 Billion ≈ $205.97 Million |
+4.71% |
| 2017-12-31 | NT$6.24 Billion ≈ $196.71 Million |
+9.47% |
| 2016-12-31 | NT$5.70 Billion ≈ $179.70 Million |
+3.43% |
| 2015-12-31 | NT$5.51 Billion ≈ $173.74 Million |
-2.62% |
| 2014-12-31 | NT$5.66 Billion ≈ $178.43 Million |
+15.38% |
| 2013-12-31 | NT$4.91 Billion ≈ $154.64 Million |
+5.63% |
| 2012-12-31 | NT$4.65 Billion ≈ $146.40 Million |
+10.17% |
| 2011-12-31 | NT$4.22 Billion ≈ $132.89 Million |
+36.14% |
| 2010-12-31 | NT$3.10 Billion ≈ $97.62 Million |
+19.19% |
| 2009-12-31 | NT$2.60 Billion ≈ $81.90 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fulgent Sun International 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 147.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.24 Billion | 30.15% |
| Common Stock | NT$2.54 Billion | 18.05% |
| Other Components | NT$7.28 Billion | 51.80% |
| Total Equity | NT$14.05 Billion | 100.00% |
Fulgent Sun International Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Fulgent Sun International Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Verastem Inc
NASDAQ:VSTM
|
$491.00 Million |
|
Shandong Tongda Island New Materials Co Ltd
SHE:300321
|
$491.18 Million |
|
Huchems
KO:069260
|
$491.20 Million |
|
Paisalo Digital Limited
NSE:PAISALO
|
$491.22 Million |
|
WIA Gold Ltd
AU:WIA
|
$490.70 Million |
|
Shoe Carnival Inc
NASDAQ:SCVL
|
$490.61 Million |
|
FLAT GLASS GROUP H YC-25
F:72T
|
$490.59 Million |
|
LCY Technology Corp
TW:4989
|
$490.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fulgent Sun International Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,371,593,000 to 14,050,192,000, a change of 1,678,599,000 (13.6%).
- Net income of 1,376,460,000 contributed positively to equity growth.
- Dividend payments of 951,650,000 reduced retained earnings.
- New share issuances of 625,798,000 increased equity.
- Other comprehensive income decreased equity by 991,466,999.
- Other factors increased equity by 1,619,457,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.38 Billion | +9.8% |
| Dividends Paid | NT$951.65 Million | -6.77% |
| Share Issuances | NT$625.80 Million | +4.45% |
| Other Comprehensive Income | NT$-991.47 Million | -7.06% |
| Other Changes | NT$1.62 Billion | +11.53% |
| Total Change | NT$- | 13.57% |
Book Value vs Market Value Analysis
This analysis compares Fulgent Sun International 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: 1.06x
- 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 2.41x to 1.06x 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$32.21 | NT$77.50 | x |
| 2010-12-31 | NT$46.77 | NT$77.50 | x |
| 2011-12-31 | NT$43.11 | NT$77.50 | x |
| 2012-12-31 | NT$42.29 | NT$77.50 | x |
| 2013-12-31 | NT$39.29 | NT$77.50 | x |
| 2014-12-31 | NT$42.82 | NT$77.50 | x |
| 2015-12-31 | NT$40.54 | NT$77.50 | x |
| 2016-12-31 | NT$37.80 | NT$77.50 | x |
| 2017-12-31 | NT$41.62 | NT$77.50 | x |
| 2018-12-31 | NT$41.22 | NT$77.50 | x |
| 2019-12-31 | NT$46.09 | NT$77.50 | x |
| 2020-12-31 | NT$47.10 | NT$77.50 | x |
| 2021-12-31 | NT$47.39 | NT$77.50 | x |
| 2022-12-31 | NT$66.28 | NT$77.50 | x |
| 2023-12-31 | NT$64.92 | NT$77.50 | x |
| 2024-12-31 | NT$73.30 | NT$77.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fulgent Sun International 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): 9.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.42%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.55x
- Recent ROE (9.80%) is below the historical average (12.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 26.31% | 14.19% | 1.25x | 1.48x | NT$423.92 Million |
| 2010 | 20.39% | 10.66% | 1.13x | 1.70x | NT$322.08 Million |
| 2011 | 11.15% | 6.46% | 1.03x | 1.67x | NT$48.29 Million |
| 2012 | 6.16% | 4.84% | 0.89x | 1.43x | NT$-177.55 Million |
| 2013 | 5.45% | 3.84% | 0.91x | 1.56x | NT$-222.46 Million |
| 2014 | 6.94% | 4.54% | 0.99x | 1.55x | NT$-170.58 Million |
| 2015 | 2.11% | 1.28% | 1.02x | 1.62x | NT$-432.22 Million |
| 2016 | 12.39% | 7.73% | 1.00x | 1.60x | NT$135.49 Million |
| 2017 | 12.95% | 7.73% | 1.10x | 1.52x | NT$183.13 Million |
| 2018 | 11.43% | 7.38% | 0.91x | 1.71x | NT$93.07 Million |
| 2019 | 15.54% | 9.96% | 0.99x | 1.58x | NT$456.27 Million |
| 2020 | 10.59% | 7.91% | 0.79x | 1.69x | NT$50.22 Million |
| 2021 | 13.13% | 7.62% | 0.88x | 1.95x | NT$282.68 Million |
| 2022 | 26.89% | 14.04% | 1.06x | 1.81x | NT$2.13 Billion |
| 2023 | 12.10% | 8.86% | 0.90x | 1.51x | NT$259.82 Million |
| 2024 | 9.80% | 9.42% | 0.67x | 1.55x | NT$-28.56 Million |
Industry Comparison
This section compares Fulgent Sun International Holding Co Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $26,985,926,000
- Average return on equity (ROE) among peers: 12.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fulgent Sun International Holding Co Ltd (9802) | NT$13.38 Billion | 26.31% | 0.57x | $490.76 Million |
| Victory New Materials Ltd Co (1340) | $6.59 Billion | 12.68% | 0.06x | $27.80 Million |
| Hsinli Chemical Industrial (4303) | $2.17 Billion | 37.61% | 0.52x | $160.65 Million |
| Sports Gear Co. Ltd (6768) | $10.96 Billion | 12.86% | 0.45x | $492.35 Million |
| Paiho Shih Holdings Corp (8404) | $4.53 Billion | 8.31% | 0.45x | $222.27 Million |
| Shui-Mu International Co Ltd (8443) | $1.57 Billion | -3.72% | 0.47x | $24.94 Million |
| Pou Chen Corp (9904) | $152.20 Billion | 7.04% | 1.00x | $2.39 Billion |
| Feng Tay Enterprises Co Ltd (9910) | $10.89 Billion | 9.60% | 0.31x | $2.18 Billion |
About Fulgent Sun International Holding Co Ltd
Fulgent Sun International (Holding) Co., Ltd., together with its subsidiaries, produces and sells sports and leisure outdoor footwear in Taiwan, rest of Asia, America, Europe, Africa, and Australia. The company offers sneakers, running shoes, tennis shoes, high-top sneakers, snowshoes, sports sandals, casual shoes, outdoor shoes, waterproof shoes, and GORE-TEX shoes. It also engages in import and… Read more