Trust-Search Corp.,Ltd.
Trust-Search Corp.,Ltd. engages in the manufacture and trade of electronic components and materials, and other metal products. It offers professional phosphor bronze and copper ball products. The company also provides electronic components, including copper foil substrate, PC, telecom, consumer, communication, car electronic, and materials; and related components and products, as well as processo… Read more
Trust-Search Corp.,Ltd. (3115) - Net Assets
Latest net assets as of September 2025: NT$399.65 Million TWD
Based on the latest financial reports, Trust-Search Corp.,Ltd. (3115) has net assets worth NT$399.65 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$448.61 Million) and total liabilities (NT$48.96 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$399.65 Million |
| % of Total Assets | 89.09% |
| Annual Growth Rate | -9.8% |
| 5-Year Change | -30.52% |
| 10-Year Change | N/A |
| Growth Volatility | 3.66 |
Trust-Search Corp.,Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Trust-Search Corp.,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 Trust-Search Corp.,Ltd. (2019–2024)
The table below shows the annual net assets of Trust-Search Corp.,Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$182.44 Million | -10.05% |
| 2023-12-31 | NT$202.83 Million | -13.38% |
| 2022-12-31 | NT$234.17 Million | -5.45% |
| 2021-12-31 | NT$247.65 Million | -5.68% |
| 2020-12-31 | NT$262.57 Million | -14.06% |
| 2019-12-31 | NT$305.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trust-Search Corp.,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 decreased by 1142900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$321.98 Million | 176.49% |
| Total Equity | NT$182.44 Million | 100.00% |
Trust-Search Corp.,Ltd. Competitors by Market Cap
The table below lists competitors of Trust-Search Corp.,Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FOM Technologies A/S
CO:FOM
|
$3.45 Million |
|
InTiCa Systems SE
LSE:0J9S
|
$3.46 Million |
|
Intervacc AB (publ)
F:2E9
|
$3.46 Million |
|
Tennant Minerals Ltd
AU:TMS
|
$3.46 Million |
|
Marula Mining PLC
F:48U0
|
$3.45 Million |
|
Steel City Securities Limited
NSE:STEELCITY
|
$3.45 Million |
|
Ranplan Group
ST:RPLAN
|
$3.45 Million |
|
Bellatora Inc
PINK:ECGR
|
$3.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trust-Search Corp.,Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 202,826,000 to 182,435,000, a change of -20,391,000 (-10.1%).
- Net loss of 23,381,000 reduced equity.
- Other comprehensive income increased equity by 3,149,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-23.38 Million | -12.82% |
| Other Comprehensive Income | NT$3.15 Million | +1.73% |
| Other Changes | NT$-159.00K | -0.09% |
| Total Change | NT$- | -10.05% |
Book Value vs Market Value Analysis
This analysis compares Trust-Search Corp.,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: 2.37x
- 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 1.43x to 2.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$6.99 | NT$9.98 | x |
| 2020-12-31 | NT$6.01 | NT$9.98 | x |
| 2021-12-31 | NT$5.67 | NT$9.98 | x |
| 2022-12-31 | NT$5.36 | NT$9.98 | x |
| 2023-12-31 | NT$4.64 | NT$9.98 | x |
| 2024-12-31 | NT$4.21 | NT$9.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trust-Search Corp.,Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -599.05%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.19x
- Recent ROE (-12.82%) is below the historical average (-11.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -14.93% | -9.76% | 1.02x | 1.50x | NT$-76.17 Million |
| 2020 | -16.79% | -12.50% | 1.18x | 1.14x | NT$-70.34 Million |
| 2021 | -5.79% | -3.41% | 1.50x | 1.14x | NT$-39.11 Million |
| 2022 | -6.30% | -25.69% | 0.23x | 1.08x | NT$-38.17 Million |
| 2023 | -14.72% | -1840.69% | 0.01x | 1.05x | NT$-50.14 Million |
| 2024 | -12.82% | -599.05% | 0.02x | 1.19x | NT$-41.62 Million |
Industry Comparison
This section compares Trust-Search Corp.,Ltd.'s net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trust-Search Corp.,Ltd. (3115) | NT$399.65 Million | -14.93% | 0.12x | $3.45 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |