Microcosm Technology Co Ltd
Microcosm Technology Co., Ltd., together with its subsidiaries, engages in the development, production, and innovation of FCCL and functional polyimide materials in Taiwan, Malaysia, China, and internationally. It operates through FPC Division and Others segments. The company offers display materials comprising customized colorless PI varnishes, low retardation and bending-resistant colorless PI … Read more
Microcosm Technology Co Ltd (3354) - Net Assets
Latest net assets as of June 2025: NT$791.68 Million TWD
Based on the latest financial reports, Microcosm Technology Co Ltd (3354) has net assets worth NT$791.68 Million TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$925.07 Million) and total liabilities (NT$133.39 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$791.68 Million |
| % of Total Assets | 85.58% |
| Annual Growth Rate | -4.04% |
| 5-Year Change | -21.94% |
| 10-Year Change | N/A |
| Growth Volatility | 4.27 |
Microcosm Technology Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Microcosm Technology 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 Microcosm Technology Co Ltd (2017–2024)
The table below shows the annual net assets of Microcosm Technology Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$862.60 Million | -3.57% |
| 2023-12-31 | NT$894.55 Million | -10.12% |
| 2022-12-31 | NT$995.29 Million | -3.70% |
| 2021-12-31 | NT$1.03 Billion | -6.46% |
| 2020-12-31 | NT$1.10 Billion | -7.30% |
| 2019-12-31 | NT$1.19 Billion | -0.11% |
| 2018-12-31 | NT$1.19 Billion | +3.62% |
| 2017-12-31 | NT$1.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Microcosm Technology 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 114.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$885.74 Million | 102.68% |
| Total Equity | NT$862.60 Million | 100.00% |
Microcosm Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Microcosm Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Compa Sibiu
RO:CMP
|
$19.12 Million |
|
SGA Solutions Co.Ltd
KQ:184230
|
$19.12 Million |
|
Rane Brake Lining Limited
NSE:RBL
|
$19.12 Million |
|
Kirklands Inc
NASDAQ:KIRK
|
$19.13 Million |
|
United-Guardian Inc
NASDAQ:UG
|
$19.11 Million |
|
Heungkuk Metaltech Co.Ltd
KQ:010240
|
$19.11 Million |
|
Innovative Rfk SpA
PA:MLIRF
|
$19.11 Million |
|
Waystream Holding AB (publ)
ST:WAYS
|
$19.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Microcosm Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 894,547,000 to 862,597,000, a change of -31,950,000 (-3.6%).
- Net loss of 23,550,000 reduced equity.
- Dividend payments of 14,018,000 reduced retained earnings.
- Share repurchases of 286,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-23.55 Million | -2.73% |
| Dividends Paid | NT$14.02 Million | -1.63% |
| Share Repurchases | NT$286.00K | -0.03% |
| Other Changes | NT$5.90 Million | +0.68% |
| Total Change | NT$- | -3.57% |
Book Value vs Market Value Analysis
This analysis compares Microcosm Technology 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: 2.64x
- 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 1.96x to 2.64x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$16.58 | NT$32.45 | x |
| 2018-12-31 | NT$17.17 | NT$32.45 | x |
| 2019-12-31 | NT$17.00 | NT$32.45 | x |
| 2020-12-31 | NT$15.76 | NT$32.45 | x |
| 2021-12-31 | NT$14.75 | NT$32.45 | x |
| 2022-12-31 | NT$14.20 | NT$32.45 | x |
| 2023-12-31 | NT$12.76 | NT$32.45 | x |
| 2024-12-31 | NT$12.30 | NT$32.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Microcosm Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.44%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.20x
- Recent ROE (-2.73%) is below the historical average (-1.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.69% | 5.51% | 0.36x | 1.35x | NT$-84.22 Million |
| 2018 | 6.36% | 15.33% | 0.31x | 1.32x | NT$-43.38 Million |
| 2019 | 2.96% | 8.01% | 0.27x | 1.38x | NT$-83.98 Million |
| 2020 | -4.68% | -17.86% | 0.19x | 1.39x | NT$-162.25 Million |
| 2021 | -4.99% | -25.82% | 0.14x | 1.40x | NT$-154.89 Million |
| 2022 | -2.13% | -13.64% | 0.12x | 1.32x | NT$-120.72 Million |
| 2023 | -9.36% | -76.20% | 0.09x | 1.32x | NT$-173.15 Million |
| 2024 | -2.73% | -18.44% | 0.12x | 1.20x | NT$-109.81 Million |
Industry Comparison
This section compares Microcosm Technology Co 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 |
|---|---|---|---|---|
| Microcosm Technology Co Ltd (3354) | NT$791.68 Million | 2.69% | 0.17x | $19.12 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 |