Taiwan Fu Hsing Industrial Co Ltd
Taiwan Fu Hsing Industrial Co.,Ltd., together with its subsidiaries, manufactures and sells door locks and related accessories, and furniture in the United States, Asia, Europe, and internationally. The company offers residential and commercial door locks, and electronic door controls; door closers and exit devices for fire doors, including fire door push bars, door pivot hinges, glass door-relat… Read more
Taiwan Fu Hsing Industrial Co Ltd (9924) - Net Assets
Latest net assets as of September 2025: NT$6.82 Billion TWD
Based on the latest financial reports, Taiwan Fu Hsing Industrial Co Ltd (9924) has net assets worth NT$6.82 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$8.85 Billion) and total liabilities (NT$2.03 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$6.82 Billion |
| % of Total Assets | 77.05% |
| Annual Growth Rate | 5.39% |
| 5-Year Change | 26.4% |
| 10-Year Change | 47.12% |
| Growth Volatility | 8.66 |
Taiwan Fu Hsing Industrial Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Taiwan Fu Hsing Industrial 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 Fu Hsing Industrial Co Ltd (2000–2024)
The table below shows the annual net assets of Taiwan Fu Hsing Industrial Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.54 Billion | +7.07% |
| 2023-12-31 | NT$7.04 Billion | +4.98% |
| 2022-12-31 | NT$6.71 Billion | +9.70% |
| 2021-12-31 | NT$6.11 Billion | +2.51% |
| 2020-12-31 | NT$5.96 Billion | +6.35% |
| 2019-12-31 | NT$5.61 Billion | +5.30% |
| 2018-12-31 | NT$5.33 Billion | +3.37% |
| 2017-12-31 | NT$5.15 Billion | -1.75% |
| 2016-12-31 | NT$5.24 Billion | +2.34% |
| 2015-12-31 | NT$5.12 Billion | +9.03% |
| 2014-12-31 | NT$4.70 Billion | +6.35% |
| 2013-12-31 | NT$4.42 Billion | +5.37% |
| 2012-12-31 | NT$4.19 Billion | +5.49% |
| 2011-12-31 | NT$3.98 Billion | +2.45% |
| 2010-12-31 | NT$3.88 Billion | +2.18% |
| 2009-12-31 | NT$3.80 Billion | +6.56% |
| 2008-12-31 | NT$3.56 Billion | -7.49% |
| 2007-12-31 | NT$3.85 Billion | -5.05% |
| 2006-12-31 | NT$4.06 Billion | -4.69% |
| 2005-12-31 | NT$4.26 Billion | +36.20% |
| 2004-12-31 | NT$3.13 Billion | +18.45% |
| 2003-12-31 | NT$2.64 Billion | +11.28% |
| 2002-12-31 | NT$2.37 Billion | -2.79% |
| 2001-12-31 | NT$2.44 Billion | +14.06% |
| 2000-12-31 | NT$2.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Fu Hsing Industrial 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 1956.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.46 Billion | 46.18% |
| Common Stock | NT$1.88 Billion | 25.17% |
| Other Comprehensive Income | NT$1.58 Billion | 21.07% |
| Other Components | NT$567.11 Million | 7.58% |
| Total Equity | NT$7.49 Billion | 100.00% |
Taiwan Fu Hsing Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Fu Hsing Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oriental Kopi Holdings Berhad
KLSE:0338
|
$162.62 Million |
|
Isik Plastik Sanayi ve Dis Ticaret Pazarlama AS
IS:ISKPL
|
$162.62 Million |
|
Analog Integrations Corporation
TWO:6291
|
$162.63 Million |
|
Y mAbs Therapeutics
NASDAQ:YMAB
|
$162.66 Million |
|
Bijou Brigitte modische Accessoires Aktiengesellschaft
XETRA:BIJ
|
$162.61 Million |
|
EBR Systems Inc
AU:EBR
|
$162.59 Million |
|
LNA Sante SA
PA:LNA
|
$162.51 Million |
|
Energy Services Of America Corp
NASDAQ:ESOA
|
$162.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Fu Hsing Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,981,112,000 to 7,485,972,000, a change of 504,860,000 (7.2%).
- Net income of 909,515,000 contributed positively to equity growth.
- Dividend payments of 565,356,000 reduced retained earnings.
- Other comprehensive income increased equity by 265,307,000.
- Other factors decreased equity by 104,606,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$909.51 Million | +12.15% |
| Dividends Paid | NT$565.36 Million | -7.55% |
| Other Comprehensive Income | NT$265.31 Million | +3.54% |
| Other Changes | NT$-104.61 Million | -1.4% |
| Total Change | NT$- | 7.23% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Fu Hsing Industrial 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: 1.17x
- 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 2.19x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$20.75 | NT$45.50 | x |
| 2007-12-31 | NT$19.90 | NT$45.50 | x |
| 2008-12-31 | NT$18.51 | NT$45.50 | x |
| 2009-12-31 | NT$20.08 | NT$45.50 | x |
| 2010-12-31 | NT$20.39 | NT$45.50 | x |
| 2011-12-31 | NT$20.84 | NT$45.50 | x |
| 2012-12-31 | NT$21.97 | NT$45.50 | x |
| 2013-12-31 | NT$23.17 | NT$45.50 | x |
| 2014-12-31 | NT$24.25 | NT$45.50 | x |
| 2015-12-31 | NT$26.29 | NT$45.50 | x |
| 2016-12-31 | NT$26.90 | NT$45.50 | x |
| 2017-12-31 | NT$26.17 | NT$45.50 | x |
| 2018-12-31 | NT$26.85 | NT$45.50 | x |
| 2019-12-31 | NT$28.24 | NT$45.50 | x |
| 2020-12-31 | NT$30.18 | NT$45.50 | x |
| 2021-12-31 | NT$31.38 | NT$45.50 | x |
| 2022-12-31 | NT$34.32 | NT$45.50 | x |
| 2023-12-31 | NT$36.33 | NT$45.50 | x |
| 2024-12-31 | NT$38.96 | NT$45.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Fu Hsing Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.15%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.31%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.29x
- Recent ROE (12.15%) is below the historical average (12.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 7.43% | 6.33% | 0.84x | 1.40x | NT$-54.99 Million |
| 2001 | 21.93% | 19.13% | 0.88x | 1.30x | NT$290.94 Million |
| 2002 | 12.74% | 11.57% | 0.82x | 1.35x | NT$64.87 Million |
| 2003 | 16.28% | 13.70% | 0.80x | 1.48x | NT$165.56 Million |
| 2004 | 16.54% | 11.49% | 1.04x | 1.39x | NT$202.14 Million |
| 2005 | 31.03% | 26.79% | 0.87x | 1.33x | NT$888.47 Million |
| 2006 | 13.06% | 8.10% | 1.16x | 1.40x | NT$123.27 Million |
| 2007 | 5.17% | 3.70% | 1.06x | 1.31x | NT$-184.47 Million |
| 2008 | 1.79% | 1.59% | 0.85x | 1.32x | NT$-291.39 Million |
| 2009 | 9.41% | 8.94% | 0.82x | 1.29x | NT$-22.16 Million |
| 2010 | 9.00% | 7.80% | 0.89x | 1.29x | NT$-38.74 Million |
| 2011 | 8.07% | 7.37% | 0.86x | 1.27x | NT$-76.21 Million |
| 2012 | 9.29% | 7.71% | 0.90x | 1.34x | NT$-29.70 Million |
| 2013 | 13.26% | 9.87% | 0.95x | 1.41x | NT$142.68 Million |
| 2014 | 11.06% | 7.18% | 1.03x | 1.50x | NT$48.74 Million |
| 2015 | 15.91% | 9.97% | 1.09x | 1.47x | NT$295.86 Million |
| 2016 | 15.97% | 9.76% | 1.11x | 1.48x | NT$306.47 Million |
| 2017 | 10.92% | 6.87% | 1.07x | 1.49x | NT$46.54 Million |
| 2018 | 13.34% | 8.35% | 1.05x | 1.52x | NT$173.72 Million |
| 2019 | 15.12% | 9.51% | 1.04x | 1.53x | NT$279.67 Million |
| 2020 | 14.10% | 9.12% | 1.00x | 1.54x | NT$239.69 Million |
| 2021 | 11.03% | 6.89% | 1.10x | 1.46x | NT$62.13 Million |
| 2022 | 13.69% | 9.55% | 1.04x | 1.39x | NT$245.26 Million |
| 2023 | 13.57% | 10.44% | 0.94x | 1.38x | NT$249.16 Million |
| 2024 | 12.15% | 11.31% | 0.83x | 1.29x | NT$160.92 Million |
Industry Comparison
This section compares Taiwan Fu Hsing Industrial Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $2,949,099,500
- Average return on equity (ROE) among peers: 7.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Fu Hsing Industrial Co Ltd (9924) | NT$6.82 Billion | 7.43% | 0.30x | $162.62 Million |
| Champion Building Materials Co Ltd (1806) | $5.93 Billion | -7.17% | 0.67x | $47.43 Million |
| China Glaze Co Ltd (1809) | $1.96 Billion | 0.00% | 0.71x | $96.43 Million |
| Sunspring Metal Corp (2062) | $3.01 Billion | 19.66% | 0.75x | $66.69 Million |
| Buima Group (5543) | $695.36 Million | -9.06% | 0.56x | $13.79 Million |
| M.J. International Co Ltd (8466) | $2.62 Billion | 21.72% | 0.43x | $21.66 Million |
| CKM Building Material (8930) | $1.46 Billion | 13.38% | 0.40x | $43.99 Million |
| Kuo Toong International Co Ltd (8936) | $822.59 Million | 13.36% | 0.82x | $367.26 Million |
| Globe Union Industrial Corp (9934) | $7.08 Billion | 11.32% | 1.35x | $99.14 Million |