Taiwan IC Packaging (3372) - Net Assets
Based on the latest financial reports, Taiwan IC Packaging (3372) has net assets worth NT$1.58 Billion TWD (≈ $49.65 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.88 Billion ≈ $59.08 Million USD) and total liabilities (NT$299.21 Million ≈ $9.43 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 Taiwan IC Packaging (3372) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.58 Billion |
| % of Total Assets | 84.04% |
| Annual Growth Rate | -7.58% |
| 5-Year Change | -2.27% |
| 10-Year Change | N/A |
| Growth Volatility | 14.57 |
Taiwan IC Packaging - Net Assets Trend (2016–2024)
This chart illustrates how Taiwan IC Packaging's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Taiwan IC Packaging to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Taiwan IC Packaging (2016–2024)
The table below shows the annual net assets of Taiwan IC Packaging from 2016 to 2024. For live valuation and market cap data, see Taiwan IC Packaging market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.71 Billion ≈ $54.00 Million |
-8.80% |
| 2023-12-31 | NT$1.88 Billion ≈ $59.21 Million |
-11.64% |
| 2022-12-31 | NT$2.13 Billion ≈ $67.02 Million |
-1.97% |
| 2021-12-31 | NT$2.17 Billion ≈ $68.36 Million |
+23.71% |
| 2020-12-31 | NT$1.75 Billion ≈ $55.26 Million |
-0.54% |
| 2019-12-31 | NT$1.76 Billion ≈ $55.56 Million |
-2.79% |
| 2018-12-31 | NT$1.81 Billion ≈ $57.15 Million |
-23.71% |
| 2017-12-31 | NT$2.38 Billion ≈ $74.92 Million |
-26.19% |
| 2016-12-31 | NT$3.22 Billion ≈ $101.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Taiwan IC Packaging'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 76713500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.89 Billion | 110.30% |
| Total Equity | NT$1.71 Billion | 100.00% |
Taiwan IC Packaging Competitors by Market Cap
The table below lists competitors of Taiwan IC Packaging ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ubiquoss Holdings Inc
KQ:078070
|
$109.94 Million |
|
Purit Co. Ltd.
KQ:445180
|
$109.97 Million |
|
PepGen Ltd
NASDAQ:PEPG
|
$109.98 Million |
|
Lassila &Tikanoja Oyj
HE:LAT1V
|
$109.99 Million |
|
Lee Ku Ind
KO:025820
|
$109.91 Million |
|
Milestone Pharmaceuticals Inc
NASDAQ:MIST
|
$109.87 Million |
|
Genovate Biotechnology Co Ltd
TWO:4130
|
$109.86 Million |
|
Sat Industries Limited
NSE:SATINDLTD
|
$109.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan IC Packaging's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,879,499,000 to 1,714,117,000, a change of -165,382,000 (-8.8%).
- Net loss of 185,384,000 reduced equity.
- Other comprehensive income decreased equity by 54,096,000.
- Other factors increased equity by 74,098,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-185.38 Million | -10.82% |
| Other Comprehensive Income | NT$-54.10 Million | -3.16% |
| Other Changes | NT$74.10 Million | +4.32% |
| Total Change | NT$- | -8.80% |
Book Value vs Market Value Analysis
This analysis compares Taiwan IC Packaging'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: 2.04x
- 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 1.07x to 2.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$18.67 | NT$19.90 | x |
| 2017-12-31 | NT$13.89 | NT$19.90 | x |
| 2018-12-31 | NT$10.56 | NT$19.90 | x |
| 2019-12-31 | NT$10.25 | NT$19.90 | x |
| 2020-12-31 | NT$10.19 | NT$19.90 | x |
| 2021-12-31 | NT$12.60 | NT$19.90 | x |
| 2022-12-31 | NT$12.30 | NT$19.90 | x |
| 2023-12-31 | NT$10.86 | NT$19.90 | x |
| 2024-12-31 | NT$9.78 | NT$19.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan IC Packaging utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.50%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.16x
- Recent ROE (-10.82%) is below the historical average (-8.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -8.50% | -15.72% | 0.48x | 1.14x | NT$-595.96 Million |
| 2017 | -36.08% | -60.88% | 0.51x | 1.15x | NT$-1.10 Billion |
| 2018 | -31.31% | -44.71% | 0.62x | 1.14x | NT$-749.47 Million |
| 2019 | -2.69% | -4.02% | 0.57x | 1.19x | NT$-223.77 Million |
| 2020 | -0.63% | -0.91% | 0.56x | 1.24x | NT$-186.44 Million |
| 2021 | 18.97% | 21.16% | 0.74x | 1.21x | NT$194.66 Million |
| 2022 | 3.96% | 6.88% | 0.52x | 1.11x | NT$-128.58 Million |
| 2023 | -9.42% | -20.54% | 0.41x | 1.13x | NT$-364.94 Million |
| 2024 | -10.82% | -20.50% | 0.46x | 1.16x | NT$-356.80 Million |
Industry Comparison
This section compares Taiwan IC Packaging's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $53,011,067,100
- Average return on equity (ROE) among peers: 5.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan IC Packaging (3372) | NT$1.58 Billion | -8.50% | 0.19x | $109.92 Million |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $17.48 Million |
| United Microelectronics Corporation (2303) | $206.54 Billion | 3.42% | 0.77x | $55.84 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $11.57 Billion | 10.62% | 0.69x | $1.12 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $160.12 Billion | 14.70% | 0.47x | $1.96 Trillion |
| Macronix International Co Ltd (2337) | $28.73 Billion | -21.95% | 0.88x | $9.72 Billion |
| Optotech Corp (2340) | $7.91 Billion | 10.80% | 0.37x | $539.39 Million |
| Mosel Vitelic Inc (2342) | $2.46 Billion | 3.69% | 0.37x | $238.47 Million |
| Winbond Electronics Corp (2344) | $63.86 Billion | 1.97% | 0.64x | $27.93 Billion |
| Silicon Integrated Systems Corp (2363) | $23.26 Billion | 0.85% | 0.00x | $957.27 Million |
| Realtek Semiconductor Corp (2379) | $24.65 Billion | 17.65% | 1.36x | $10.96 Billion |
About Taiwan IC Packaging
Taiwan IC Packaging Corporation develops optical and ultrathin IC package technologies in China, South Korea, the United States, and internationally. The company offers thin small outline, small outline, quad flat, SSOP/TSSOP, quad flat no lead/dual flat no lead, thin PKG, TQFP, LQFP, thermal enhanced, and image sensor packages. It also provides substrate-based package products, such as LGA, VLGA… Read more