Franbo Lines (2641) - Net Assets

Latest as of December 2025: NT$8.82 Billion TWD ≈ $277.85 Million USD

Based on the latest financial reports, Franbo Lines (2641) has net assets worth NT$8.82 Billion TWD (≈ $277.85 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$15.04 Billion ≈ $473.91 Million USD) and total liabilities (NT$6.22 Billion ≈ $196.06 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 how tangible is Franbo Lines's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	NT$8.82 Billion
% of Total Assets	58.63%
Annual Growth Rate	16.41%
5-Year Change	206.47%
10-Year Change	394.62%
Growth Volatility	28.37

Franbo Lines - Net Assets Trend (2010–2025)

This chart illustrates how Franbo Lines's net assets have evolved over time, based on quarterly financial data. See Franbo Lines liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Franbo Lines (2010–2025)

The table below shows the annual net assets of Franbo Lines from 2010 to 2025. For live valuation and market cap data, see Franbo Lines market cap and net worth.

Year	Net Assets	Change
2025-12-31	NT$8.82 Billion ≈ $277.85 Million	+9.67%
2024-12-31	NT$8.04 Billion ≈ $253.35 Million	+29.64%
2023-12-31	NT$6.20 Billion ≈ $195.42 Million	+16.23%
2022-12-31	NT$5.34 Billion ≈ $168.14 Million	+85.46%
2021-12-31	NT$2.88 Billion ≈ $90.66 Million	+83.95%
2020-12-31	NT$1.56 Billion ≈ $49.28 Million	-1.89%
2019-12-31	NT$1.59 Billion ≈ $50.23 Million	+1.73%
2018-12-31	NT$1.57 Billion ≈ $49.38 Million	+13.80%
2017-12-31	NT$1.38 Billion ≈ $43.39 Million	-22.75%
2016-12-31	NT$1.78 Billion ≈ $56.17 Million	+13.67%
2015-12-31	NT$1.57 Billion ≈ $49.42 Million	+18.46%
2014-12-31	NT$1.32 Billion ≈ $41.72 Million	+25.72%
2013-12-31	NT$1.05 Billion ≈ $33.18 Million	+5.90%
2012-12-31	NT$994.59 Million ≈ $31.33 Million	-1.94%
2011-12-31	NT$1.01 Billion ≈ $31.95 Million	+12.39%
2010-12-31	NT$902.39 Million ≈ $28.43 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Franbo Lines'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 11165.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	NT$2.43 Billion	30.10%
Other Components	NT$5.64 Billion	69.90%
Total Equity	NT$8.07 Billion	100.00%

Franbo Lines Competitors by Market Cap

The table below lists competitors of Franbo Lines ranked by their market capitalization.

Company	Market Cap
Polymetals Resources Ltd AU:POL	$196.17 Million
D-Link (India) Limited NSE:DLINKINDIA	$196.21 Million
Bastide Le Confort Médical SA PA:BLC	$196.28 Million
Waldencast Acquisition Corp NASDAQ:WALD	$196.28 Million
Platinum Analytics Cayman Limited Class A Ordinary Shares NASDAQ:PLTS	$196.10 Million
Major Cineplex Group Public Company Limited BK:MAJOR-R	$196.08 Million
Suryoday Small Finance Bank Limited NSE:SURYODAY	$196.03 Million
Solid FAB ST:SFAB	$196.00 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Franbo Lines's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 7,478,681,000 to 8,069,918,000, a change of 591,237,000 (7.9%).
Net income of 646,104,000 contributed positively to equity growth.
Dividend payments of 156,271,000 reduced retained earnings.
Other factors increased equity by 101,404,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	NT$646.10 Million	+8.01%
Dividends Paid	NT$156.27 Million	-1.94%
Other Changes	NT$101.40 Million	+1.26%
Total Change	NT$-	7.91%

Book Value vs Market Value Analysis

This analysis compares Franbo Lines'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: 0.76x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 1.27x to 0.76x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2010-12-31	NT$14.80	NT$18.85	x
2011-12-31	NT$12.12	NT$18.85	x
2012-12-31	NT$11.89	NT$18.85	x
2013-12-31	NT$12.66	NT$18.85	x
2014-12-31	NT$15.46	NT$18.85	x
2015-12-31	NT$15.27	NT$18.85	x
2016-12-31	NT$15.03	NT$18.85	x
2017-12-31	NT$9.12	NT$18.85	x
2018-12-31	NT$9.79	NT$18.85	x
2019-12-31	NT$9.75	NT$18.85	x
2020-12-31	NT$9.56	NT$18.85	x
2021-12-31	NT$16.41	NT$18.85	x
2022-12-31	NT$24.08	NT$18.85	x
2023-12-31	NT$21.73	NT$18.85	x
2024-12-31	NT$24.05	NT$18.85	x
2025-12-31	NT$24.68	NT$18.85	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Franbo Lines 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): 8.01%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 27.29%
• Asset Turnover: 0.16x
• Equity Multiplier: 1.86x
Recent ROE (8.01%) is above the historical average (4.14%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2010	1.66%	5.00%	0.16x	2.11x	NT$-75.29 Million
2011	7.67%	12.37%	0.24x	2.59x	NT$-23.64 Million
2012	3.60%	5.54%	0.28x	2.32x	NT$-63.70 Million
2013	4.68%	7.37%	0.27x	2.32x	NT$-56.06 Million
2014	4.00%	7.51%	0.22x	2.46x	NT$-79.49 Million
2015	3.60%	7.79%	0.17x	2.69x	NT$-100.39 Million
2016	0.00%	0.01%	0.17x	2.72x	NT$-178.25 Million
2017	-35.71%	-66.44%	0.17x	3.09x	NT$-629.54 Million
2018	5.86%	11.55%	0.18x	2.80x	NT$-64.86 Million
2019	5.05%	10.24%	0.18x	2.73x	NT$-78.85 Million
2020	6.08%	12.73%	0.16x	2.95x	NT$-61.25 Million
2021	13.04%	30.61%	0.21x	1.99x	NT$87.50 Million
2022	23.98%	87.25%	0.18x	1.50x	NT$746.23 Million
2023	6.84%	31.73%	0.15x	1.44x	NT$-195.88 Million
2024	7.82%	35.35%	0.14x	1.64x	NT$-162.97 Million
2025	8.01%	27.29%	0.16x	1.86x	NT$-160.89 Million

Industry Comparison

This section compares Franbo Lines's net assets metrics with peer companies in the Marine Shipping industry.

Industry Context

Industry: Marine Shipping
Average net assets among peers: $24,359,996,483
Average return on equity (ROE) among peers: 6.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Franbo Lines (2641)	NT$8.82 Billion	1.66%	0.71x	$196.17 Million
Evergreen Marine Corp Taiwan Ltd (2603)	$67.71 Billion	0.94%	0.97x	$13.23 Billion
Sincere Navigation Corp (2605)	$18.26 Billion	8.21%	0.22x	$598.44 Million
U-Ming Marine Transport Corp (2606)	$26.85 Billion	10.16%	0.75x	$1.66 Billion
Yang Ming Marine Transport Corp (2609)	$47.46 Billion	1.15%	1.37x	$5.68 Billion
Tze Shin International Co Ltd (2611)	$2.83 Billion	1.82%	0.53x	$83.66 Million
China Container Terminal Corp (2613)	$2.53 Billion	3.18%	1.22x	$94.50 Million
Wan Hai Lines Ltd (2615)	$36.35 Billion	9.83%	1.41x	$7.11 Billion
Taiwan Navigation Co Ltd (2617)	$15.71 Billion	12.83%	0.57x	$396.38 Million
Wisdom Marine Lines Co Ltd (2637)	$1.54 Billion	8.17%	0.69x	$1.82 Billion

About Franbo Lines

TWO:2641 Taiwan Marine Shipping

Market Cap

$196.17 Million

NT$6.23 Billion TWD

Market Cap Rank

#16716 Global

#826 in Taiwan

Share Price

NT$18.85

Change (1 day)

+0.27%

52-Week Range

NT$16.90 - NT$22.60

All Time High

NT$35.96