Taiwan Benefit Co (3379) - Net Assets
Based on the latest financial reports, Taiwan Benefit Co (3379) has net assets worth NT$573.94 Million TWD (≈ $18.08 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$1.73 Billion ≈ $54.46 Million USD) and total liabilities (NT$1.15 Billion ≈ $36.38 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 Benefit Co liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$573.94 Million |
| % of Total Assets | 33.2% |
| Annual Growth Rate | 1.53% |
| 5-Year Change | 33.22% |
| 10-Year Change | N/A |
| Growth Volatility | 12.63 |
Taiwan Benefit Co - Net Assets Trend (2017–2024)
This chart illustrates how Taiwan Benefit Co's net assets have evolved over time, based on quarterly financial data. Also explore Taiwan Benefit Co balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Taiwan Benefit Co (2017–2024)
The table below shows the annual net assets of Taiwan Benefit Co from 2017 to 2024. For live valuation and market cap data, see Taiwan Benefit Co (3379) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$623.29 Million ≈ $19.64 Million |
+3.73% |
| 2023-12-31 | NT$600.90 Million ≈ $18.93 Million |
+29.73% |
| 2022-12-31 | NT$463.19 Million ≈ $14.59 Million |
-1.78% |
| 2021-12-31 | NT$471.58 Million ≈ $14.86 Million |
+0.79% |
| 2020-12-31 | NT$467.88 Million ≈ $14.74 Million |
+4.66% |
| 2019-12-31 | NT$447.03 Million ≈ $14.08 Million |
-10.48% |
| 2018-12-31 | NT$499.38 Million ≈ $15.73 Million |
-10.90% |
| 2017-12-31 | NT$560.48 Million ≈ $17.66 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Taiwan Benefit Co'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 54.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$53.93 Million | 8.65% |
| Other Components | NT$569.36 Million | 91.35% |
| Total Equity | NT$623.29 Million | 100.00% |
Taiwan Benefit Co Competitors by Market Cap
The table below lists competitors of Taiwan Benefit Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Plutus Financial Group Limited Ordinary Shares
NASDAQ:PLUT
|
$46.51 Million |
|
Boreo Oyj
HE:BOREO
|
$46.51 Million |
|
NexLiving Communities Inc
V:NXLV
|
$46.54 Million |
|
Charnic Capital Tbk PT
JK:NICK
|
$46.55 Million |
|
IGM Biosciences Inc
NASDAQ:IGMS
|
$46.47 Million |
|
Interlink Electronics Inc
NASDAQ:LINK
|
$46.46 Million |
|
Hexza Corporation Bhd
KLSE:3298
|
$46.46 Million |
|
Taiwan Wax Co Ltd
TWO:1742
|
$46.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Benefit Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 600,896,000 to 623,288,000, a change of 22,392,000 (3.7%).
- Net income of 41,470,000 contributed positively to equity growth.
- Dividend payments of 7,608,000 reduced retained earnings.
- Other factors decreased equity by 11,470,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$41.47 Million | +6.65% |
| Dividends Paid | NT$7.61 Million | -1.22% |
| Other Changes | NT$-11.47 Million | -1.84% |
| Total Change | NT$- | 3.73% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Benefit Co'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: 2.37x
- 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 2.63x to 2.37x 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$14.73 | NT$38.80 | x |
| 2018-12-31 | NT$13.13 | NT$38.80 | x |
| 2019-12-31 | NT$11.75 | NT$38.80 | x |
| 2020-12-31 | NT$12.30 | NT$38.80 | x |
| 2021-12-31 | NT$12.40 | NT$38.80 | x |
| 2022-12-31 | NT$12.18 | NT$38.80 | x |
| 2023-12-31 | NT$15.80 | NT$38.80 | x |
| 2024-12-31 | NT$16.38 | NT$38.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Benefit Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.82%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 2.58x
- Recent ROE (6.65%) is above the historical average (-2.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -2.68% | -2.42% | 0.72x | 1.53x | NT$-71.09 Million |
| 2018 | -7.83% | -7.48% | 0.59x | 1.78x | NT$-89.06 Million |
| 2019 | -13.71% | -12.01% | 0.51x | 2.25x | NT$-106.01 Million |
| 2020 | 3.81% | 3.51% | 0.47x | 2.29x | NT$-28.98 Million |
| 2021 | 2.17% | 1.43% | 0.75x | 2.02x | NT$-36.95 Million |
| 2022 | -4.51% | -3.59% | 0.62x | 2.03x | NT$-67.19 Million |
| 2023 | -0.76% | -0.76% | 0.47x | 2.13x | NT$-64.65 Million |
| 2024 | 6.65% | 3.82% | 0.68x | 2.58x | NT$-20.86 Million |
Industry Comparison
This section compares Taiwan Benefit Co's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $12,916,814,200
- Average return on equity (ROE) among peers: 12.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Benefit Co (3379) | NT$573.94 Million | -2.68% | 2.01x | $46.50 Million |
| TECO Electric & Machinery Co Ltd (1504) | $86.44 Billion | 6.74% | 0.47x | $4.61 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $7.69 Billion | 7.44% | 0.72x | $2.31 Billion |
| Anderson Industrial Corp (1528) | $2.50 Billion | -0.60% | 1.23x | $173.61 Million |
| Awea Mechantronic Co Ltd (1530) | $880.43 Million | 29.97% | 1.25x | $78.83 Million |
| Kaulin Mfg (1531) | $3.65 Billion | 4.70% | 0.34x | $74.30 Million |
| Chiu Ting Machinery Co Ltd (1539) | $696.87 Million | 12.97% | 1.46x | $33.26 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.20 Billion | 23.81% | 0.57x | $56.42 Million |
| Sinmag Equipment (1580) | $2.98 Billion | 20.23% | 0.34x | $191.20 Million |
| Goodway Machine Corp (1583) | $6.02 Billion | 4.46% | 1.17x | $160.62 Million |
| Airtac International Group (1590) | $17.11 Billion | 16.60% | 1.05x | $9.17 Billion |
About Taiwan Benefit Co
Taiwan Benefit Company engages in the equipment manufacturing, production system engineering, and agency businesses in Taiwan, Europe, the United States, and Japan. The company offers a range of food and beverage processing facilities, and packaging machineries comprising rinser/filler/capper monobloc, tunnel cooler/warmer, wrapping around packer, palletizers/depalletizers, conveyor introduction,… Read more