Cincon Electronics Co Ltd (3332) - Net Assets
Based on the latest financial reports, Cincon Electronics Co Ltd (3332) has net assets worth NT$1.76 Billion TWD (≈ $55.33 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.30 Billion ≈ $72.38 Million USD) and total liabilities (NT$540.96 Million ≈ $17.04 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. Read Cincon Electronics Co Ltd (3332) total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.76 Billion |
| % of Total Assets | 76.45% |
| Annual Growth Rate | 3.73% |
| 5-Year Change | 28.99% |
| 10-Year Change | N/A |
| Growth Volatility | 6.57 |
Cincon Electronics Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Cincon Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Cincon Electronics Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Cincon Electronics Co Ltd (2017–2024)
The table below shows the annual net assets of Cincon Electronics Co Ltd from 2017 to 2024. For live valuation and market cap data, see Cincon Electronics Co Ltd (3332) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.76 Billion ≈ $55.41 Million |
+6.29% |
| 2023-12-31 | NT$1.65 Billion ≈ $52.12 Million |
+0.51% |
| 2022-12-31 | NT$1.65 Billion ≈ $51.86 Million |
+18.67% |
| 2021-12-31 | NT$1.39 Billion ≈ $43.70 Million |
+1.74% |
| 2020-12-31 | NT$1.36 Billion ≈ $42.95 Million |
+3.11% |
| 2019-12-31 | NT$1.32 Billion ≈ $41.66 Million |
-2.97% |
| 2018-12-31 | NT$1.36 Billion ≈ $42.93 Million |
+0.16% |
| 2017-12-31 | NT$1.36 Billion ≈ $42.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cincon Electronics 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 decreased by 10.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$663.32 Million | 37.72% |
| Other Components | NT$1.10 Billion | 62.28% |
| Total Equity | NT$1.76 Billion | 100.00% |
Cincon Electronics Co Ltd Competitors by Market Cap
The table below lists competitors of Cincon Electronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Secure Property Development & Investment Plc
LSE:SPDI
|
$19.65K |
|
Red Rock Resources
LSE:RRR
|
$19.68K |
|
Minoan Group
LSE:MIN
|
$19.79K |
|
Synergia Energy Ltd.
LSE:SYN
|
$19.89K |
|
Sabien Technology Group Plc
LSE:SNT
|
$19.56K |
|
Mercantile Ports & Logistics Ltd
LSE:MPL
|
$18.43K |
|
Surface Transforms Plc
LSE:SCE
|
$18.22K |
|
BloomZ Inc. Ordinary Shares
NASDAQ:BLMZ
|
$18.02K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cincon Electronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,654,455,000 to 1,758,600,000, a change of 104,145,000 (6.3%).
- Net income of 104,775,000 contributed positively to equity growth.
- Dividend payments of 76,967,000 reduced retained earnings.
- Other factors increased equity by 76,337,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$104.78 Million | +5.96% |
| Dividends Paid | NT$76.97 Million | -4.38% |
| Other Changes | NT$76.34 Million | +4.34% |
| Total Change | NT$- | 6.29% |
Book Value vs Market Value Analysis
This analysis compares Cincon Electronics 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: 1.71x
- 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 2.21x to 1.71x 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$28.28 | NT$62.60 | x |
| 2018-12-31 | NT$28.33 | NT$62.60 | x |
| 2019-12-31 | NT$27.49 | NT$62.60 | x |
| 2020-12-31 | NT$28.31 | NT$62.60 | x |
| 2021-12-31 | NT$28.78 | NT$62.60 | x |
| 2022-12-31 | NT$34.14 | NT$62.60 | x |
| 2023-12-31 | NT$34.33 | NT$62.60 | x |
| 2024-12-31 | NT$36.56 | NT$62.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cincon Electronics 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): 5.96%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.84%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.27x
- Recent ROE (5.96%) is below the historical average (9.32%), 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 | 13.61% | 15.88% | 0.70x | 1.22x | NT$49.18 Million |
| 2018 | 9.64% | 11.10% | 0.74x | 1.17x | NT$-4.96 Million |
| 2019 | 6.76% | 8.27% | 0.71x | 1.15x | NT$-42.88 Million |
| 2020 | 8.96% | 11.62% | 0.62x | 1.25x | NT$-14.12 Million |
| 2021 | 7.64% | 8.77% | 0.62x | 1.40x | NT$-32.70 Million |
| 2022 | 13.32% | 12.81% | 0.74x | 1.41x | NT$54.62 Million |
| 2023 | 8.66% | 10.26% | 0.65x | 1.29x | NT$-22.11 Million |
| 2024 | 5.96% | 7.84% | 0.60x | 1.27x | NT$-71.08 Million |
Industry Comparison
This section compares Cincon Electronics 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: $6,044,751,000
- Average return on equity (ROE) among peers: 5.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cincon Electronics Co Ltd (3332) | NT$1.76 Billion | 13.61% | 0.31x | $19.57K |
| Shihlin Electric & Engineering Corp (1503) | $27.04 Billion | 6.68% | 0.67x | $3.11 Billion |
| Allis Electric Co Ltd (1514) | $3.10 Billion | 9.53% | 0.87x | $920.17 Million |
| Fortune Electric Co Ltd (1519) | $2.22 Billion | 3.49% | 0.85x | $8.84 Billion |
| Klingon Aerospace Inc (1529) | $1.72 Billion | 2.62% | 0.74x | $106.03 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $2.16 Billion | 14.61% | 0.45x | $318.00 Million |
| Chieftek Precision Co Ltd (1597) | $1.33 Billion | 5.33% | 1.05x | $394.51 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $8.36 Billion | 5.26% | 0.53x | $437.03 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $8.10 Billion | 5.82% | 1.52x | $794.28 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $4.96 Billion | 1.46% | 0.15x | $355.01 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.46 Billion | 0.92% | 0.49x | $283.16 Million |
About Cincon Electronics Co Ltd
Cincon Electronics Co., Ltd. designs, manufactures, and sells switch mode power conversion products to the communications, computer, industrial, medical, consumer, and lighting markets in Asia, Europe, the United States, and Oceania. Its product includes single and multiple output DC-DC converters from 1W to 750W, single and multiple output AC-DC adapters from 5W to 220W, AC-DC brick power from 7… Read more