Argosy Research (3217) - Net Assets
Based on the latest financial reports, Argosy Research (3217) has net assets worth NT$4.68 Billion TWD (≈ $147.38 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$6.15 Billion ≈ $193.71 Million USD) and total liabilities (NT$1.47 Billion ≈ $46.34 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 3217 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.68 Billion |
| % of Total Assets | 76.08% |
| Annual Growth Rate | 13.73% |
| 5-Year Change | 19.91% |
| 10-Year Change | N/A |
| Growth Volatility | 20.88 |
Argosy Research - Net Assets Trend (2017–2025)
This chart illustrates how Argosy Research's net assets have evolved over time, based on quarterly financial data. See Argosy Research defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Argosy Research (2017–2025)
The table below shows the annual net assets of Argosy Research from 2017 to 2025. For live valuation and market cap data, see 3217 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.68 Billion ≈ $147.38 Million |
+0.69% |
| 2024-12-31 | NT$4.65 Billion ≈ $146.37 Million |
+8.13% |
| 2023-12-31 | NT$4.30 Billion ≈ $135.37 Million |
+11.11% |
| 2022-12-31 | NT$3.87 Billion ≈ $121.83 Million |
-0.88% |
| 2021-12-31 | NT$3.90 Billion ≈ $122.91 Million |
+12.13% |
| 2020-12-31 | NT$3.48 Billion ≈ $109.61 Million |
+68.17% |
| 2019-12-31 | NT$2.07 Billion ≈ $65.18 Million |
+18.96% |
| 2018-12-31 | NT$1.74 Billion ≈ $54.79 Million |
+4.08% |
| 2017-12-31 | NT$1.67 Billion ≈ $52.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Argosy Research'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 292.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.68 Billion | 35.90% |
| Other Components | NT$3.00 Billion | 64.10% |
| Total Equity | NT$4.68 Billion | 100.00% |
Argosy Research Competitors by Market Cap
The table below lists competitors of Argosy Research ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Changqing Agrochemical Co Ltd
SHE:002391
|
$482.88 Million |
|
Vadilal Industries Limited
NSE:VADILALIND
|
$482.90 Million |
|
ZYF Lopsking Aluminum Co Ltd
SHE:002333
|
$482.95 Million |
|
CJ Corp 4P Pref
KO:00104K
|
$483.12 Million |
|
Beijing Jingyeda Technology Co Ltd
SHE:003005
|
$482.16 Million |
|
SNT Motiv Co Ltd
KO:064960
|
$482.14 Million |
|
Titan Machinery Inc
NASDAQ:TITN
|
$482.03 Million |
|
Jiangsu Hualv Biological Technology Co.Ltd.
SHE:300970
|
$481.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Argosy Research's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,645,763,000 to 4,677,776,000, a change of 32,013,000 (0.7%).
- Net income of 1,143,047,000 contributed positively to equity growth.
- Dividend payments of 792,917,000 reduced retained earnings.
- Other factors decreased equity by 298,611,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.14 Billion | +24.44% |
| Dividends Paid | NT$792.92 Million | -16.95% |
| Other Changes | NT$-298.61 Million | -6.38% |
| Total Change | NT$- | 0.69% |
Book Value vs Market Value Analysis
This analysis compares Argosy Research'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: 3.27x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.51x to 3.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$19.97 | NT$170.00 | x |
| 2018-12-31 | NT$20.78 | NT$170.00 | x |
| 2019-12-31 | NT$24.74 | NT$170.00 | x |
| 2020-12-31 | NT$40.95 | NT$170.00 | x |
| 2021-12-31 | NT$43.30 | NT$170.00 | x |
| 2022-12-31 | NT$43.08 | NT$170.00 | x |
| 2023-12-31 | NT$47.79 | NT$170.00 | x |
| 2024-12-31 | NT$51.56 | NT$170.00 | x |
| 2025-12-31 | NT$51.92 | NT$170.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Argosy Research 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): 24.44%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.55%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.31x
- Recent ROE (24.44%) is above the historical average (18.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 14.42% | 15.40% | 0.69x | 1.36x | NT$73.82 Million |
| 2018 | 17.02% | 16.63% | 0.75x | 1.37x | NT$121.92 Million |
| 2019 | 21.21% | 20.00% | 0.77x | 1.39x | NT$231.86 Million |
| 2020 | 17.59% | 23.54% | 0.59x | 1.26x | NT$263.92 Million |
| 2021 | 16.41% | 21.22% | 0.61x | 1.26x | NT$250.11 Million |
| 2022 | 15.79% | 23.41% | 0.54x | 1.25x | NT$223.99 Million |
| 2023 | 16.96% | 24.26% | 0.56x | 1.24x | NT$299.02 Million |
| 2024 | 21.81% | 29.17% | 0.59x | 1.27x | NT$548.76 Million |
| 2025 | 24.44% | 27.55% | 0.67x | 1.31x | NT$675.27 Million |
Industry Comparison
This section compares Argosy Research's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $94,021,037,300
- Average return on equity (ROE) among peers: 13.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Argosy Research (3217) | NT$4.68 Billion | 14.42% | 0.31x | $482.59 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $426.35 Million |
| Fulltech Fiber Glass (1815) | $5.38 Billion | 0.00% | 1.68x | $1.61 Billion |
| Delta Electronics Inc (2308) | $129.01 Billion | 14.57% | 0.82x | $175.95 Billion |
| Compeq Manufacturing Co Ltd (2313) | $38.72 Billion | 20.67% | 1.06x | $9.74 Billion |
| WUS Printed Circuit Co Ltd (2316) | $10.22 Billion | 46.26% | 0.48x | $1.17 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $682.97 Billion | 13.86% | 2.00x | $118.11 Billion |
| Yageo Corp (2327) | $41.20 Billion | 8.21% | 0.71x | $70.52 Billion |
| Pan-International Industrial Corp (2328) | $18.48 Billion | 5.79% | 0.37x | $872.06 Million |
| Chin-Poon Industrial Co Ltd (2355) | $5.71 Billion | 0.00% | 0.33x | $725.10 Million |
| Solomon Technology Corp (2359) | $4.99 Billion | 6.38% | 0.26x | $723.48 Million |
About Argosy Research
Argosy Research Inc. manufactures and sells of electronic components and connectors in Asia, the United States, and internationally. It offers LPDDR5 CAMM2; DDR SODIMM; DDR DIMM; TYPE-C; PCI EXPRESS; M.2 / NGFF; LVDS; RF; SPI Flash; and Customized Connectors. It also provides fine-pitch, high pin-count, SMT-type, and high-frequency connectors. In addition, it offers ODM and OEM development servic… Read more