Taiwan Secom Co Ltd (9917) - Net Assets

Latest as of December 2025: NT$14.20 Billion TWD ≈ $447.35 Million USD

Based on the latest financial reports, Taiwan Secom Co Ltd (9917) has net assets worth NT$14.20 Billion TWD (≈ $447.35 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$30.86 Billion ≈ $972.33 Million USD) and total liabilities (NT$16.66 Billion ≈ $524.98 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 Taiwan Secom Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets NT$14.20 Billion
% of Total Assets 46.01%
Annual Growth Rate 3.32%
5-Year Change 18.14%
10-Year Change 42.93%
Growth Volatility 4.86

Taiwan Secom Co Ltd - Net Assets Trend (2000–2025)

This chart illustrates how Taiwan Secom Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Taiwan Secom Co Ltd to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Taiwan Secom Co Ltd (2000–2025)

The table below shows the annual net assets of Taiwan Secom Co Ltd from 2000 to 2025. For live valuation and market cap data, see Taiwan Secom Co Ltd market capitalisation.

Year Net Assets Change
2025-12-31 NT$14.20 Billion
≈ $447.35 Million		 +5.28%
2024-12-31 NT$13.49 Billion
≈ $424.90 Million		 +3.25%
2023-12-31 NT$13.06 Billion
≈ $411.53 Million		 +4.25%
2022-12-31 NT$12.53 Billion
≈ $394.75 Million		 +4.25%
2021-12-31 NT$12.02 Billion
≈ $378.65 Million		 +2.74%
2020-12-31 NT$11.70 Billion
≈ $368.57 Million		 +4.60%
2019-12-31 NT$11.18 Billion
≈ $352.36 Million		 +3.55%
2018-12-31 NT$10.80 Billion
≈ $340.28 Million		 +2.33%
2017-12-31 NT$10.55 Billion
≈ $332.52 Million		 +6.24%
2016-12-31 NT$9.93 Billion
≈ $312.98 Million		 -10.49%
2015-12-31 NT$11.10 Billion
≈ $349.68 Million		 +0.25%
2014-12-31 NT$11.07 Billion
≈ $348.80 Million		 +4.89%
2013-12-31 NT$10.55 Billion
≈ $332.53 Million		 +8.01%
2012-12-31 NT$9.77 Billion
≈ $307.87 Million		 -0.83%
2011-12-31 NT$9.85 Billion
≈ $310.46 Million		 +4.66%
2010-12-31 NT$9.42 Billion
≈ $296.64 Million		 +1.94%
2009-12-31 NT$9.24 Billion
≈ $291.01 Million		 -0.07%
2008-12-31 NT$9.24 Billion
≈ $291.23 Million		 -5.46%
2007-12-31 NT$9.78 Billion
≈ $308.05 Million		 +8.20%
2006-12-31 NT$9.04 Billion
≈ $284.70 Million		 +6.53%
2005-12-31 NT$8.48 Billion
≈ $267.24 Million		 +7.76%
2004-12-31 NT$7.87 Billion
≈ $247.99 Million		 +5.04%
2003-12-31 NT$7.49 Billion
≈ $236.08 Million		 +7.42%
2002-12-31 NT$6.98 Billion
≈ $219.77 Million		 -2.90%
2001-12-31 NT$7.18 Billion
≈ $226.34 Million		 +14.54%
2000-12-31 NT$6.27 Billion
≈ $197.62 Million		 --

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 108.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings NT$3.24 Billion 23.79%
Common Stock NT$4.51 Billion 33.09%
Other Comprehensive Income NT$5.01 Billion 36.72%
Other Components NT$872.59 Million 6.40%
Total Equity NT$13.64 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
Charter Hall Retail REIT
AU:CQR
 $1.65 Billion
Capitalonline Data Service Co Ltd
SHE:300846
 $1.65 Billion
Tongyu Heavy Industry
SHE:300185
 $1.65 Billion
Nexwise Intelligence China Limited
SHE:301248
 $1.65 Billion
Hannstar Display Corp
TW:6116
 $1.64 Billion
Grupo Televisa SAB ADR
NYSE:TV
 $1.64 Billion
Killam Apartment Real Estate Investment Trust
TO:KMP-UN
 $1.64 Billion
Bank of Chongqing Co Ltd
F:CQN
 $1.64 Billion

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 2024 to 2025, total equity changed from 13,014,346,000 to 13,636,561,000, a change of 622,215,000 (4.8%).
  • Net income of 3,007,399,000 contributed positively to equity growth.
  • Dividend payments of 2,346,225,000 reduced retained earnings.
  • New share issuances of 24,112,000 increased equity.
  • Other comprehensive income increased equity by 5,007,508,000.
  • Other factors decreased equity by 5,070,579,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income NT$3.01 Billion +22.05%
Dividends Paid NT$2.35 Billion -17.21%
Share Issuances NT$24.11 Million +0.18%
Other Comprehensive Income NT$5.01 Billion +36.72%
Other Changes NT$-5.07 Billion -37.18%
Total Change NT$- 4.78%

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: 3.89x
  • 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 6.62x to 3.89x 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$117.50 x
2005-12-31 NT$18.81 NT$117.50 x
2006-12-31 NT$20.15 NT$117.50 x
2007-12-31 NT$20.95 NT$117.50 x
2008-12-31 NT$20.04 NT$117.50 x
2009-12-31 NT$20.03 NT$117.50 x
2010-12-31 NT$20.50 NT$117.50 x
2011-12-31 NT$21.53 NT$117.50 x
2012-12-31 NT$21.32 NT$117.50 x
2013-12-31 NT$22.99 NT$117.50 x
2014-12-31 NT$24.07 NT$117.50 x
2015-12-31 NT$24.18 NT$117.50 x
2016-12-31 NT$21.61 NT$117.50 x
2017-12-31 NT$22.94 NT$117.50 x
2018-12-31 NT$23.39 NT$117.50 x
2019-12-31 NT$24.34 NT$117.50 x
2020-12-31 NT$25.47 NT$117.50 x
2021-12-31 NT$26.31 NT$117.50 x
2022-12-31 NT$27.28 NT$117.50 x
2023-12-31 NT$28.42 NT$117.50 x
2024-12-31 NT$29.33 NT$117.50 x
2025-12-31 NT$30.17 NT$117.50 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): 22.05%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 15.84%
  • • Asset Turnover: 0.62x
  • • Equity Multiplier: 2.26x
  • Recent ROE (22.05%) is above the historical average (18.58%), 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
2025 22.05% 15.84% 0.62x 2.26x NT$1.64 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: $2,388,753,143
  • Average return on equity (ROE) among peers: 9.13%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Taiwan Secom Co Ltd (9917) NT$14.20 Billion 14.32% 1.17x $1.64 Billion
Everspring Industry Co Ltd (2390) $3.91 Billion 36.47% 0.11x $74.64 Million
Hi Sharp Electronics Co Ltd (3128) $590.65 Million 5.67% 0.87x $36.00 Million
Hunt Electronic Co Ltd (3297) $704.01 Million -3.13% 0.24x $35.89 Million
GeoVision Inc (3356) $1.51 Billion -11.56% 0.66x $150.86 Million
Vivotek Inc (3454) $2.90 Billion 8.65% 0.64x $271.10 Million
EverFocus Electronics Corp (5484) $1.44 Billion 13.35% 0.39x $99.76 Million
Taiwan Shin Kong Security Co Ltd (9925) $5.66 Billion 14.44% 0.55x $492.66 Million

About Taiwan Secom Co Ltd

TW:9917 Taiwan Security & Protection Services
Market Cap
$1.64 Billion
NT$52.18 Billion TWD
Market Cap Rank
#7006 Global
#219 in Taiwan
Share Price
NT$117.50
Change (1 day)
-0.42%
52-Week Range
NT$104.00 - NT$122.00
All Time High
NT$148.50
Categories
Companies in Taiwan Security & Protection Services
About

Taiwan Secom Co., Ltd. provides security services in Taiwan. 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 services; and air cargo transporting, building management, aviation, telecom network, car parking lot, light controlling system, information securit… Read more