Tekcore Co. Ltd
Tekcore Co., Ltd engages in the production and sale of LED wafers and chips in Taiwan. The company offers high brightness chips in green, blue, red, yellow, orange, and ultraviolet wavelengths; and power chips, flip chips, and standard LEDs. Tekcore Co., Ltd was founded in 2000 and is based in Nantou City, Taiwan.
Tekcore Co. Ltd (3339) - Net Assets
Latest net assets as of March 2023: NT$613.05 Million TWD
Based on the latest financial reports, Tekcore Co. Ltd (3339) has net assets worth NT$613.05 Million TWD as of March 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.04 Billion) and total liabilities (NT$429.74 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$613.05 Million |
| % of Total Assets | 58.79% |
| Annual Growth Rate | 12.39% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 35.17 |
Tekcore Co. Ltd - Net Assets Trend (2019–2022)
This chart illustrates how Tekcore 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 Tekcore Co. Ltd (2019–2022)
The table below shows the annual net assets of Tekcore Co. Ltd from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | NT$611.24 Million | -3.19% |
| 2021-12-31 | NT$631.41 Million | +66.63% |
| 2020-12-31 | NT$378.93 Million | -11.98% |
| 2019-12-31 | NT$430.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tekcore 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 53519200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.94 Million | 0.64% |
| Other Components | NT$607.30 Million | 99.36% |
| Total Equity | NT$611.24 Million | 100.00% |
Tekcore Co. Ltd Competitors by Market Cap
The table below lists competitors of Tekcore Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Big Shopping Centers Ltd
TA:BIG
|
$52.08 Million |
|
TuHURA Biosciences Inc
NASDAQ:HURA
|
$52.08 Million |
|
UNICOMMERCE ESOLUTIONS LIMITED
NSE:UNIECOM
|
$52.10 Million |
|
ADDvise Group AB A
ST:ADDV-A
|
$52.10 Million |
|
Eagle High Plantations Tbk
JK:BWPT
|
$52.04 Million |
|
Scope Fluidics SA
WAR:SCP
|
$52.03 Million |
|
E-Data Teknoloji Pazarlama AS
IS:EDATA
|
$52.02 Million |
|
Yantai North Andre Juice Company Limited
PINK:YNAJF
|
$52.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tekcore Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 631,408,000 to 611,237,000, a change of -20,171,000 (-3.2%).
- Net loss of 24,366,000 reduced equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-24.37 Million | -3.99% |
| Other Changes | NT$4.20 Million | +0.69% |
| Total Change | NT$- | -3.19% |
Book Value vs Market Value Analysis
This analysis compares Tekcore 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: 2.71x
- 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 3.34x to 2.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$9.60 | NT$32.10 | x |
| 2020-12-31 | NT$8.45 | NT$32.10 | x |
| 2021-12-31 | NT$12.41 | NT$32.10 | x |
| 2022-12-31 | NT$11.84 | NT$32.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tekcore Co. Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.02%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.70x
- Recent ROE (-3.99%) is above the historical average (-8.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -27.78% | -21.55% | 0.49x | 2.61x | NT$-162.67 Million |
| 2020 | -14.02% | -8.34% | 0.59x | 2.83x | NT$-91.01 Million |
| 2021 | 12.75% | 9.38% | 0.71x | 1.91x | NT$17.38 Million |
| 2022 | -3.99% | -4.02% | 0.58x | 1.70x | NT$-85.49 Million |
Industry Comparison
This section compares Tekcore Co. Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $18,500,922,800
- Average return on equity (ROE) among peers: -5.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tekcore Co. Ltd (3339) | NT$613.05 Million | -27.78% | 0.70x | $52.05 Million |
| Polylite Taiwan Co Ltd (1813) | $1.10 Billion | 4.57% | 0.13x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $12.85 Billion | 0.00% | 1.41x | $836.46 Million |
| Macronix International Co Ltd (2337) | $37.14 Billion | 12.15% | 0.19x | $5.52 Billion |
| Optotech Corp (2340) | $8.50 Billion | 3.62% | 0.47x | $296.33 Million |
| Mosel Vitelic Inc (2342) | $10.25 Billion | 0.00% | 1.33x | $108.73 Million |
| Winbond Electronics Corp (2344) | $55.23 Billion | 0.00% | 0.48x | $12.03 Billion |
| Silicon Integrated Systems Corp (2363) | $7.33 Billion | -3.90% | 0.02x | $629.69 Million |
| Realtek Semiconductor Corp (2379) | $5.13 Billion | 32.96% | 0.38x | $6.81 Billion |
| VIA Technologies Inc (2388) | $10.11 Billion | -48.86% | 0.88x | $395.59 Million |
| Nanya Technology Corp (2408) | $37.37 Billion | -55.53% | 2.57x | $9.48 Billion |