Taiwan Secom Co Ltd
Taiwan Secom Co., Ltd. provides security services in Taiwan. It operates through five segments: Electronic Systems, Security Services, Cash Delivery Services, Logistics Services, and Catering Services. The company manufactures, processes, and sells security-related system equipment and parts. It also offers corporate and building security guarding services; in-flight catering and catering service… Read more
Taiwan Secom Co Ltd (9917) - Net Assets
Latest net assets as of September 2025: NT$13.30 Billion TWD
Based on the latest financial reports, Taiwan Secom Co Ltd (9917) has net assets worth NT$13.30 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$29.77 Billion) and total liabilities (NT$16.47 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$13.30 Billion |
| % of Total Assets | 44.67% |
| Annual Growth Rate | 3.24% |
| 5-Year Change | 15.28% |
| 10-Year Change | 21.51% |
| Growth Volatility | 4.94 |
Taiwan Secom Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Taiwan Secom 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 Taiwan Secom Co Ltd (2000–2024)
The table below shows the annual net assets of Taiwan Secom Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$13.49 Billion | +3.25% |
| 2023-12-31 | NT$13.06 Billion | +4.25% |
| 2022-12-31 | NT$12.53 Billion | +4.25% |
| 2021-12-31 | NT$12.02 Billion | +2.74% |
| 2020-12-31 | NT$11.70 Billion | +4.60% |
| 2019-12-31 | NT$11.18 Billion | +3.55% |
| 2018-12-31 | NT$10.80 Billion | +2.33% |
| 2017-12-31 | NT$10.55 Billion | +6.24% |
| 2016-12-31 | NT$9.93 Billion | -10.49% |
| 2015-12-31 | NT$11.10 Billion | +0.25% |
| 2014-12-31 | NT$11.07 Billion | +4.89% |
| 2013-12-31 | NT$10.55 Billion | +8.01% |
| 2012-12-31 | NT$9.77 Billion | -0.83% |
| 2011-12-31 | NT$9.85 Billion | +4.66% |
| 2010-12-31 | NT$9.42 Billion | +1.94% |
| 2009-12-31 | NT$9.24 Billion | -0.07% |
| 2008-12-31 | NT$9.24 Billion | -5.46% |
| 2007-12-31 | NT$9.78 Billion | +8.20% |
| 2006-12-31 | NT$9.04 Billion | +6.53% |
| 2005-12-31 | NT$8.48 Billion | +7.76% |
| 2004-12-31 | NT$7.87 Billion | +5.04% |
| 2003-12-31 | NT$7.49 Billion | +7.42% |
| 2002-12-31 | NT$6.98 Billion | -2.90% |
| 2001-12-31 | NT$7.18 Billion | +14.54% |
| 2000-12-31 | NT$6.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Secom 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 90.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.96 Billion | 22.75% |
| Common Stock | NT$4.51 Billion | 34.67% |
| Other Components | NT$5.54 Billion | 42.58% |
| Total Equity | NT$13.01 Billion | 100.00% |
Taiwan Secom Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Secom Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AbClon Inc
KQ:174900
|
$835.85 Million |
|
Jingjin Environmental Protection Co Ltd
SHG:603279
|
$836.08 Million |
|
Googol Technology Co Ltd Class A
SHE:301510
|
$836.08 Million |
|
Shanghai Shyndec Pharmaceutical Co Ltd
SHG:600420
|
$836.35 Million |
|
Paramount Resources Ltd.
PINK:PRMRF
|
$835.77 Million |
|
MUANGTHAI CAPITAL PCL-NVDR
BK:MTC-R
|
$835.64 Million |
|
Bursa Malaysia Bhd Ord
PINK:BSMAF
|
$835.52 Million |
|
Ameresco Inc
NYSE:AMRC
|
$835.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Secom Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,587,747,000 to 13,014,346,000, a change of 426,599,000 (3.4%).
- Net income of 2,845,307,000 contributed positively to equity growth.
- Dividend payments of 2,346,225,000 reduced retained earnings.
- New share issuances of 64,999,000 increased equity.
- Other comprehensive income decreased equity by 4,520,501,000.
- Other factors increased equity by 4,383,019,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.85 Billion | +21.86% |
| Dividends Paid | NT$2.35 Billion | -18.03% |
| Share Issuances | NT$65.00 Million | +0.5% |
| Other Comprehensive Income | NT$-4.52 Billion | -34.73% |
| Other Changes | NT$4.38 Billion | +33.68% |
| Total Change | NT$- | 3.39% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Secom 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: 3.87x
- 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 6.39x to 3.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$17.75 | NT$113.50 | x |
| 2005-12-31 | NT$18.81 | NT$113.50 | x |
| 2006-12-31 | NT$20.15 | NT$113.50 | x |
| 2007-12-31 | NT$20.95 | NT$113.50 | x |
| 2008-12-31 | NT$20.04 | NT$113.50 | x |
| 2009-12-31 | NT$20.03 | NT$113.50 | x |
| 2010-12-31 | NT$20.50 | NT$113.50 | x |
| 2011-12-31 | NT$21.53 | NT$113.50 | x |
| 2012-12-31 | NT$21.32 | NT$113.50 | x |
| 2013-12-31 | NT$22.99 | NT$113.50 | x |
| 2014-12-31 | NT$24.07 | NT$113.50 | x |
| 2015-12-31 | NT$24.18 | NT$113.50 | x |
| 2016-12-31 | NT$21.61 | NT$113.50 | x |
| 2017-12-31 | NT$22.94 | NT$113.50 | x |
| 2018-12-31 | NT$23.39 | NT$113.50 | x |
| 2019-12-31 | NT$24.34 | NT$113.50 | x |
| 2020-12-31 | NT$25.47 | NT$113.50 | x |
| 2021-12-31 | NT$26.31 | NT$113.50 | x |
| 2022-12-31 | NT$27.28 | NT$113.50 | x |
| 2023-12-31 | NT$28.42 | NT$113.50 | x |
| 2024-12-31 | NT$29.33 | NT$113.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Secom 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): 21.86%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.93%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.17x
- Recent ROE (21.86%) is above the historical average (18.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 14.32% | 16.81% | 0.59x | 1.43x | NT$268.11 Million |
| 2001 | 25.16% | 23.76% | 0.80x | 1.32x | NT$1.06 Billion |
| 2002 | 13.02% | 15.65% | 0.59x | 1.40x | NT$210.82 Million |
| 2003 | 15.51% | 18.22% | 0.57x | 1.49x | NT$408.42 Million |
| 2004 | 15.90% | 17.82% | 0.61x | 1.46x | NT$458.57 Million |
| 2005 | 16.85% | 16.89% | 0.71x | 1.40x | NT$564.66 Million |
| 2006 | 19.27% | 19.01% | 0.71x | 1.42x | NT$818.19 Million |
| 2007 | 20.04% | 17.82% | 0.70x | 1.60x | NT$923.09 Million |
| 2008 | 14.87% | 11.04% | 0.83x | 1.63x | NT$429.45 Million |
| 2009 | 16.50% | 13.03% | 0.77x | 1.64x | NT$573.70 Million |
| 2010 | 18.85% | 15.24% | 0.77x | 1.60x | NT$799.41 Million |
| 2011 | 18.32% | 14.93% | 0.76x | 1.62x | NT$790.24 Million |
| 2012 | 19.99% | 15.59% | 0.71x | 1.81x | NT$939.57 Million |
| 2013 | 19.19% | 15.43% | 0.67x | 1.85x | NT$931.96 Million |
| 2014 | 19.17% | 15.56% | 0.66x | 1.88x | NT$972.81 Million |
| 2015 | 19.34% | 15.52% | 0.66x | 1.90x | NT$995.79 Million |
| 2016 | 6.45% | 4.56% | 0.67x | 2.12x | NT$-338.31 Million |
| 2017 | 21.79% | 16.89% | 0.62x | 2.07x | NT$1.19 Billion |
| 2018 | 19.83% | 15.28% | 0.64x | 2.02x | NT$1.01 Billion |
| 2019 | 19.89% | 15.93% | 0.60x | 2.09x | NT$1.06 Billion |
| 2020 | 21.25% | 17.43% | 0.59x | 2.06x | NT$1.26 Billion |
| 2021 | 21.77% | 17.88% | 0.60x | 2.03x | NT$1.37 Billion |
| 2022 | 21.42% | 16.79% | 0.59x | 2.15x | NT$1.37 Billion |
| 2023 | 20.59% | 15.18% | 0.64x | 2.13x | NT$1.33 Billion |
| 2024 | 21.86% | 15.93% | 0.63x | 2.17x | NT$1.54 Billion |
Industry Comparison
This section compares Taiwan Secom Co Ltd's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $1,196,341,667
- Average return on equity (ROE) among peers: 10.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Secom Co Ltd (9917) | NT$13.30 Billion | 14.32% | 1.24x | $835.80 Million |
| Everspring Industry Co Ltd (2390) | $2.46 Billion | -5.28% | 0.31x | $39.21 Million |
| Hi Sharp Electronics Co Ltd (3128) | $590.65 Million | 5.67% | 0.87x | $29.03 Million |
| Hunt Electronic Co Ltd (3297) | $568.35 Million | -2.36% | 0.41x | $22.22 Million |
| GeoVision Inc (3356) | $1.13 Billion | 47.60% | 0.08x | $92.06 Million |
| Vivotek Inc (3454) | $2.95 Billion | 6.37% | 0.81x | $103.53 Million |
| ACTi Corporation (5240) | $201.01 Million | 18.31% | 1.27x | $14.63 Million |
| EverFocus Electronics Corp (5484) | $985.19 Million | -17.83% | 0.44x | $49.77 Million |
| NUUO Inc. (6419) | $329.40 Million | 21.78% | 0.50x | $22.35 Million |
| Topview Optronics Corporation (6556) | $1.55 Billion | 16.37% | 0.37x | $27.10 Million |