Eslite Spectrum
Eslite Spectrum Corporation, together with its subsidiaries, operates department stores in Taiwan, Hong Kong, China, Japan, and Malaysia. It operates through Omni-Channel Development Business, Hospitality Business, Hotel Business, and Other segments. The company also provides management counseling, hotel management, logistics and warehousing, engineering, and cultural and creative industry agency… Read more
Eslite Spectrum (2926) - Net Assets
Latest net assets as of December 2025: NT$619.43 Million TWD
Based on the latest financial reports, Eslite Spectrum (2926) has net assets worth NT$619.43 Million TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$15.97 Billion) and total liabilities (NT$15.35 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$619.43 Million |
| % of Total Assets | 3.88% |
| Annual Growth Rate | -8.92% |
| 5-Year Change | -27.05% |
| 10-Year Change | -62.23% |
| Growth Volatility | 12.33 |
Eslite Spectrum - Net Assets Trend (2015–2025)
This chart illustrates how Eslite Spectrum's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Eslite Spectrum (2015–2025)
The table below shows the annual net assets of Eslite Spectrum from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$619.43 Million | +0.42% |
| 2024-12-31 | NT$616.82 Million | +9.85% |
| 2023-12-31 | NT$561.52 Million | -17.73% |
| 2022-12-31 | NT$682.51 Million | -19.62% |
| 2021-12-31 | NT$849.07 Million | -24.98% |
| 2020-12-31 | NT$1.13 Billion | -12.22% |
| 2019-12-31 | NT$1.29 Billion | -24.08% |
| 2018-12-31 | NT$1.70 Billion | +1.31% |
| 2017-12-31 | NT$1.68 Billion | +2.22% |
| 2016-12-31 | NT$1.64 Billion | +4.05% |
| 2015-12-31 | NT$1.58 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eslite Spectrum'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 decreased by 95.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$24.67 Million | 4.03% |
| Other Components | NT$588.25 Million | 95.97% |
| Total Equity | NT$612.92 Million | 100.00% |
Eslite Spectrum Competitors by Market Cap
The table below lists competitors of Eslite Spectrum ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alony Hetz Properties and Investments Ltd
TA:ALHE
|
$21.23 Million |
|
Beauty Community Public Company Limited
BK:BEAUTY
|
$21.23 Million |
|
PT Sinar Eka Selaras Tbk
JK:ERAL
|
$21.23 Million |
|
Cue Biopharma
NASDAQ:CUE
|
$21.24 Million |
|
Duluth Holdings Inc
NASDAQ:DLTH
|
$21.22 Million |
|
University Bancorp Inc
OTCQB:UNIB
|
$21.22 Million |
|
Genesystem Co. Ltd.
KQ:363250
|
$21.22 Million |
|
Zero to Seven Inc
KQ:159580
|
$21.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eslite Spectrum's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 609,531,000 to 612,919,000, a change of 3,388,000 (0.6%).
- Net income of 25,574,000 contributed positively to equity growth.
- Dividend payments of 9,478,000 reduced retained earnings.
- Other factors decreased equity by 12,708,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$25.57 Million | +4.17% |
| Dividends Paid | NT$9.48 Million | -1.55% |
| Other Changes | NT$-12.71 Million | -2.07% |
| Total Change | NT$- | 0.56% |
Book Value vs Market Value Analysis
This analysis compares Eslite Spectrum'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: 2.88x
- 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 1.05x to 2.88x 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$35.38 | NT$37.25 | x |
| 2018-12-31 | NT$35.40 | NT$37.25 | x |
| 2019-12-31 | NT$26.74 | NT$37.25 | x |
| 2020-12-31 | NT$23.51 | NT$37.25 | x |
| 2021-12-31 | NT$17.70 | NT$37.25 | x |
| 2022-12-31 | NT$14.23 | NT$37.25 | x |
| 2023-12-31 | NT$11.70 | NT$37.25 | x |
| 2024-12-31 | NT$12.86 | NT$37.25 | x |
| 2025-12-31 | NT$12.93 | NT$37.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eslite Spectrum 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): 4.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.37%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 26.06x
- Recent ROE (4.17%) is below the historical average (4.44%), 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 | 26.11% | 10.76% | 0.84x | 2.91x | NT$253.99 Million |
| 2016 | 25.65% | 9.87% | 0.88x | 2.95x | NT$256.66 Million |
| 2017 | 25.22% | 9.88% | 0.85x | 2.99x | NT$255.14 Million |
| 2018 | 20.67% | 7.70% | 0.79x | 3.38x | NT$179.03 Million |
| 2019 | 18.41% | 4.38% | 0.33x | 12.62x | NT$106.56 Million |
| 2020 | 4.94% | 1.21% | 0.31x | 13.01x | NT$-56.36 Million |
| 2021 | -27.24% | -4.88% | 0.34x | 16.45x | NT$-312.41 Million |
| 2022 | -27.92% | -3.37% | 0.41x | 20.11x | NT$-255.68 Million |
| 2023 | -23.30% | -1.94% | 0.38x | 31.44x | NT$-184.60 Million |
| 2024 | 2.10% | 0.19% | 0.42x | 26.62x | NT$-48.15 Million |
| 2025 | 4.17% | 0.37% | 0.44x | 26.06x | NT$-35.72 Million |
Industry Comparison
This section compares Eslite Spectrum's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $8,725,840,286
- Average return on equity (ROE) among peers: 10.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eslite Spectrum (2926) | NT$619.43 Million | 26.11% | 24.79x | $21.23 Million |
| First Steamship Co Ltd (2601) | $13.08 Billion | 0.05% | 1.64x | $133.86 Million |
| Far Eastern Department Stores Ltd (2903) | $35.09 Billion | 4.58% | 2.27x | $698.42 Million |
| Tonlin Department Store Co Ltd (2910) | $2.27 Billion | 7.50% | 1.35x | $16.98 Million |
| Jing-Jan Retail Business Co., Ltd. (2942) | $1.08 Billion | 10.36% | 5.38x | $10.95 Million |
| Taiwan FamilyMart Co Ltd (5903) | $4.94 Billion | 26.21% | 3.68x | $198.91 Million |
| Poya International Co Ltd (5904) | $661.81 Million | 23.41% | 1.45x | $1.03 Billion |
| Grand Ocean Retail Group Ltd (5907) | $3.96 Billion | 0.00% | 2.38x | $19.46 Million |