Feng Ching Metal
Feng Ching Metal Corporation produces and sells copper wires and enameled copper wires in Taiwan, Mainland China, Vietnam, Thailand, and internationally. It provides new energy insulated, triple insulated and standard, FIW, PI film wrapping, teflon wires, as well as frameless coils. The company was founded in 1994 and is headquartered in Kaohsiung, Taiwan.
Feng Ching Metal (2061) - Net Assets
Latest net assets as of September 2025: NT$598.93 Million TWD
Based on the latest financial reports, Feng Ching Metal (2061) has net assets worth NT$598.93 Million 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$1.13 Billion) and total liabilities (NT$535.52 Million). 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$598.93 Million |
| % of Total Assets | 52.79% |
| Annual Growth Rate | 0.81% |
| 5-Year Change | 42.82% |
| 10-Year Change | N/A |
| Growth Volatility | 17.73 |
Feng Ching Metal - Net Assets Trend (2015–2024)
This chart illustrates how Feng Ching Metal's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Feng Ching Metal (2015–2024)
The table below shows the annual net assets of Feng Ching Metal from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$668.70 Million | +38.92% |
| 2023-12-31 | NT$481.34 Million | -3.82% |
| 2022-12-31 | NT$500.43 Million | -15.00% |
| 2021-12-31 | NT$588.76 Million | +25.74% |
| 2020-12-31 | NT$468.23 Million | -18.38% |
| 2019-12-31 | NT$573.69 Million | -4.06% |
| 2018-12-31 | NT$597.97 Million | -8.85% |
| 2017-12-31 | NT$656.01 Million | +4.82% |
| 2016-12-31 | NT$625.84 Million | +0.67% |
| 2015-12-31 | NT$621.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Feng Ching Metal'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 6806700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$689.74 Million | 103.15% |
| Total Equity | NT$668.70 Million | 100.00% |
Feng Ching Metal Competitors by Market Cap
The table below lists competitors of Feng Ching Metal ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Change Financial Ltd
AU:CCA
|
$18.92 Million |
|
RBW Inc.
KQ:361570
|
$18.93 Million |
|
Fairvest Ltd
JSE:FTA
|
$18.93 Million |
|
Boundless Bio, Inc. Common Stock
NASDAQ:BOLD
|
$18.93 Million |
|
HomeMaid AB
ST:HOME-B
|
$18.91 Million |
|
Dare Bioscience Inc
NASDAQ:DARE
|
$18.91 Million |
|
Brilliant Earth Group Inc
NASDAQ:BRLT
|
$18.90 Million |
|
Solitron Devices Inc
PINK:SODI
|
$18.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Feng Ching Metal's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 481,341,000 to 668,702,000, a change of 187,361,000 (38.9%).
- Net loss of 14,683,000 reduced equity.
- New share issuances of 184,455,000 increased equity.
- Other factors increased equity by 17,589,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-14.68 Million | -2.2% |
| Share Issuances | NT$184.46 Million | +27.58% |
| Other Changes | NT$17.59 Million | +2.63% |
| Total Change | NT$- | 38.92% |
Book Value vs Market Value Analysis
This analysis compares Feng Ching Metal'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: 1.49x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.24x to 1.49x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$13.98 | NT$17.35 | x |
| 2018-12-31 | NT$12.88 | NT$17.35 | x |
| 2019-12-31 | NT$12.53 | NT$17.35 | x |
| 2020-12-31 | NT$10.43 | NT$17.35 | x |
| 2021-12-31 | NT$12.79 | NT$17.35 | x |
| 2022-12-31 | NT$10.77 | NT$17.35 | x |
| 2023-12-31 | NT$10.24 | NT$17.35 | x |
| 2024-12-31 | NT$11.65 | NT$17.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Feng Ching Metal utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.23%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.82x
- Recent ROE (-2.20%) is below the historical average (-1.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -14.97% | -8.53% | 1.09x | 1.62x | NT$-155.25 Million |
| 2016 | 0.72% | 0.48% | 0.93x | 1.61x | NT$-58.07 Million |
| 2017 | 4.69% | 2.42% | 1.01x | 1.92x | NT$-34.85 Million |
| 2018 | -3.21% | -1.43% | 1.34x | 1.67x | NT$-78.98 Million |
| 2019 | -1.78% | -1.13% | 1.14x | 1.38x | NT$-67.56 Million |
| 2020 | 1.18% | 0.73% | 0.74x | 2.17x | NT$-41.32 Million |
| 2021 | 18.49% | 11.35% | 0.82x | 2.00x | NT$49.96 Million |
| 2022 | -14.50% | -7.83% | 0.80x | 2.31x | NT$-122.63 Million |
| 2023 | -5.28% | -2.86% | 0.89x | 2.07x | NT$-73.53 Million |
| 2024 | -2.20% | -1.23% | 0.98x | 1.82x | NT$-81.55 Million |
Industry Comparison
This section compares Feng Ching Metal's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,443,854,100
- Average return on equity (ROE) among peers: 15.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Feng Ching Metal (2061) | NT$598.93 Million | -14.97% | 0.89x | $18.92 Million |
| Shihlin Electric & Engineering Corp (1503) | $12.57 Billion | 8.24% | 1.01x | $1.64 Billion |
| Allis Electric Co Ltd (1514) | $2.89 Billion | 7.47% | 0.97x | $721.68 Million |
| Fortune Electric Co Ltd (1519) | $3.07 Billion | 22.96% | 1.33x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $1.06 Billion | 4.03% | 0.77x | $95.39 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.92 Billion | 25.10% | 0.48x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.02 Billion | 8.63% | 0.64x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $9.01 Billion | 15.42% | 0.52x | $104.26 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $9.13 Billion | 9.31% | 1.76x | $714.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.82 Billion | 34.51% | 0.12x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $2.95 Billion | 17.78% | 0.52x | $96.72 Million |