Topower Co Ltd
LFA Co., Ltd. engages in the manufacture and sale of automotive components, electronic components, and power supplies in Taiwan. It offers LED headlight, truck headlight, fog light, car LED tail lamp, and truck LED headlight. The company was formerly known as Topower Co., Ltd. and changed its name to LFA Co., Ltd. in December 2024. LFA Co., Ltd. was founded in 1975 and is headquartered in Tainan … Read more
Topower Co Ltd (3226) - Net Assets
Latest net assets as of September 2025: NT$1.84 Billion TWD
Based on the latest financial reports, Topower Co Ltd (3226) has net assets worth NT$1.84 Billion 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$2.49 Billion) and total liabilities (NT$647.55 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$1.84 Billion |
| % of Total Assets | 73.99% |
| Annual Growth Rate | 10.63% |
| 5-Year Change | 45.27% |
| 10-Year Change | N/A |
| Growth Volatility | 6.26 |
Topower Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Topower Co 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 Topower Co Ltd (2017–2024)
The table below shows the annual net assets of Topower Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.90 Billion | +20.82% |
| 2023-12-31 | NT$1.57 Billion | +6.75% |
| 2022-12-31 | NT$1.47 Billion | +12.21% |
| 2021-12-31 | NT$1.31 Billion | +0.38% |
| 2020-12-31 | NT$1.31 Billion | +11.09% |
| 2019-12-31 | NT$1.18 Billion | +7.57% |
| 2018-12-31 | NT$1.09 Billion | +16.81% |
| 2017-12-31 | NT$935.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Topower Co 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 grown by 266.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.01 Billion | 53.47% |
| Other Components | NT$882.34 Million | 46.53% |
| Total Equity | NT$1.90 Billion | 100.00% |
Topower Co Ltd Competitors by Market Cap
The table below lists competitors of Topower Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BIMobject AB
ST:BIM
|
$36.29 Million |
|
EKINOPS S.A
F:E0J
|
$36.29 Million |
|
Rockwell Medical Inc
NASDAQ:RMTI
|
$36.30 Million |
|
Orient Technologies Limited
NSE:ORIENTTECH
|
$36.31 Million |
|
CENIT Aktiengesellschaft
XETRA:CSH
|
$36.28 Million |
|
Bm Technologies Inc
NYSE MKT:BMTX
|
$36.27 Million |
|
AFFLUENT MEDICAL SAS EO 1
F:0JZ
|
$36.26 Million |
|
Embark Early Education Ltd
AU:EVO
|
$36.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topower Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,569,548,000 to 1,896,254,000, a change of 326,706,000 (20.8%).
- Net income of 358,202,000 contributed positively to equity growth.
- Dividend payments of 32,215,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$358.20 Million | +18.89% |
| Dividends Paid | NT$32.22 Million | -1.7% |
| Other Changes | NT$719.00K | +0.04% |
| Total Change | NT$- | 20.82% |
Book Value vs Market Value Analysis
This analysis compares Topower Co 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: 1.67x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.39x to 1.67x 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$14.51 | NT$49.25 | x |
| 2018-12-31 | NT$16.95 | NT$49.25 | x |
| 2019-12-31 | NT$18.24 | NT$49.25 | x |
| 2020-12-31 | NT$20.24 | NT$49.25 | x |
| 2021-12-31 | NT$20.32 | NT$49.25 | x |
| 2022-12-31 | NT$22.80 | NT$49.25 | x |
| 2023-12-31 | NT$24.34 | NT$49.25 | x |
| 2024-12-31 | NT$29.43 | NT$49.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topower Co 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): 18.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.83%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.37x
- Recent ROE (18.89%) is below the historical average (20.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 15.06% | 10.15% | 1.03x | 1.44x | NT$47.30 Million |
| 2018 | 26.41% | 16.38% | 1.11x | 1.46x | NT$179.28 Million |
| 2019 | 22.95% | 13.95% | 1.16x | 1.42x | NT$152.19 Million |
| 2020 | 24.79% | 12.97% | 1.13x | 1.68x | NT$193.03 Million |
| 2021 | 17.59% | 7.90% | 1.33x | 1.67x | NT$99.47 Million |
| 2022 | 21.68% | 14.21% | 1.01x | 1.52x | NT$171.72 Million |
| 2023 | 16.58% | 12.05% | 0.91x | 1.51x | NT$103.28 Million |
| 2024 | 18.89% | 16.83% | 0.82x | 1.37x | NT$168.58 Million |
Industry Comparison
This section compares Topower Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $4,561,639,300
- Average return on equity (ROE) among peers: 5.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topower Co Ltd (3226) | NT$1.84 Billion | 15.06% | 0.35x | $36.29 Million |
| Shihlin Electric & Engineering Corp (1503) | $12.75 Billion | 6.19% | 1.12x | $1.67 Billion |
| Allis Electric Co Ltd (1514) | $2.18 Billion | 0.00% | 0.81x | $733.97 Million |
| Fortune Electric Co Ltd (1519) | $2.42 Billion | 9.14% | 1.69x | $3.52 Billion |
| Klingon Aerospace Inc (1529) | $866.34 Million | 0.60% | 0.90x | $91.79 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $1.30 Billion | 2.54% | 1.20x | $225.04 Million |
| Chieftek Precision Co Ltd (1597) | $2.39 Billion | 3.92% | 0.74x | $140.71 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $8.99 Billion | 7.30% | 0.54x | $104.41 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $7.45 Billion | 0.38% | 1.38x | $704.53 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $5.94 Billion | 13.21% | 0.25x | $213.60 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.33 Billion | 11.87% | 0.76x | $98.71 Million |