Topco Technologies (3388) - Net Assets
Based on the latest financial reports, Topco Technologies (3388) has net assets worth NT$4.57 Billion TWD (≈ $144.07 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$6.41 Billion ≈ $202.10 Million USD) and total liabilities (NT$1.84 Billion ≈ $58.03 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 Topco Technologies liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.57 Billion |
| % of Total Assets | 71.29% |
| Annual Growth Rate | 6.13% |
| 5-Year Change | 16.83% |
| 10-Year Change | N/A |
| Growth Volatility | 5.38 |
Topco Technologies - Net Assets Trend (2017–2024)
This chart illustrates how Topco Technologies's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Topco Technologies for the complete picture of this company's asset base.
Annual Net Assets for Topco Technologies (2017–2024)
The table below shows the annual net assets of Topco Technologies from 2017 to 2024. For live valuation and market cap data, see Topco Technologies stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.85 Billion ≈ $152.69 Million |
+8.18% |
| 2023-12-31 | NT$4.48 Billion ≈ $141.15 Million |
-3.85% |
| 2022-12-31 | NT$4.66 Billion ≈ $146.80 Million |
+4.55% |
| 2021-12-31 | NT$4.46 Billion ≈ $140.42 Million |
+7.44% |
| 2020-12-31 | NT$4.15 Billion ≈ $130.69 Million |
+5.82% |
| 2019-12-31 | NT$3.92 Billion ≈ $123.50 Million |
+15.84% |
| 2018-12-31 | NT$3.38 Billion ≈ $106.62 Million |
+5.93% |
| 2017-12-31 | NT$3.19 Billion ≈ $100.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Topco Technologies'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 46.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.13 Billion | 45.54% |
| Other Components | NT$2.55 Billion | 54.46% |
| Total Equity | NT$4.69 Billion | 100.00% |
Topco Technologies Competitors by Market Cap
The table below lists competitors of Topco Technologies ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kina Securities Ltd
AU:KSL
|
$267.41 Million |
|
Kleannara Co Ltd
KO:004545
|
$267.51 Million |
|
Taiwan Kong King Co Ltd
TWO:3093
|
$267.53 Million |
|
North-Star International Co Ltd
TWO:8927
|
$267.54 Million |
|
Qinghaihuading Industrial Co Ltd
SHG:600243
|
$267.15 Million |
|
Metropolis Healthcare Limited
NSE:METROPOLIS
|
$267.10 Million |
|
ANTENGENE CORP. DL-0001
F:722
|
$267.00 Million |
|
Kiri Industries Limited
NSE:KIRIINDUS
|
$266.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topco Technologies's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,335,605,000 to 4,685,070,000, a change of 349,465,000 (8.1%).
- Net income of 303,207,000 contributed positively to equity growth.
- Dividend payments of 229,594,000 reduced retained earnings.
- Other factors increased equity by 275,852,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$303.21 Million | +6.47% |
| Dividends Paid | NT$229.59 Million | -4.9% |
| Other Changes | NT$275.85 Million | +5.89% |
| Total Change | NT$- | 8.06% |
Book Value vs Market Value Analysis
This analysis compares Topco Technologies'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: 1.81x
- 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 2.43x to 1.81x 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$47.06 | NT$114.50 | x |
| 2018-12-31 | NT$50.78 | NT$114.50 | x |
| 2019-12-31 | NT$51.18 | NT$114.50 | x |
| 2020-12-31 | NT$54.09 | NT$114.50 | x |
| 2021-12-31 | NT$58.19 | NT$114.50 | x |
| 2022-12-31 | NT$61.00 | NT$114.50 | x |
| 2023-12-31 | NT$58.54 | NT$114.50 | x |
| 2024-12-31 | NT$63.26 | NT$114.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topco Technologies 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): 6.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.01%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 1.45x
- Recent ROE (6.47%) is below the historical average (10.26%), 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 | 11.42% | 4.56% | 1.65x | 1.52x | NT$43.66 Million |
| 2018 | 14.24% | 5.42% | 1.73x | 1.52x | NT$137.97 Million |
| 2019 | 9.91% | 4.84% | 1.46x | 1.41x | NT$-3.28 Million |
| 2020 | 9.84% | 4.98% | 1.38x | 1.43x | NT$-6.34 Million |
| 2021 | 13.81% | 6.31% | 1.48x | 1.47x | NT$164.41 Million |
| 2022 | 10.32% | 5.36% | 1.31x | 1.47x | NT$14.65 Million |
| 2023 | 6.02% | 3.72% | 1.08x | 1.49x | NT$-172.76 Million |
| 2024 | 6.47% | 4.01% | 1.11x | 1.45x | NT$-165.30 Million |
Industry Comparison
This section compares Topco Technologies's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $54,631,660,400
- Average return on equity (ROE) among peers: 2.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topco Technologies (3388) | NT$4.57 Billion | 11.42% | 0.40x | $267.17 Million |
| Formosa Plastics Corp (1301) | $180.20 Billion | 10.94% | 0.63x | $10.33 Billion |
| Nan Ya Plastics Corp (1303) | $257.74 Billion | 1.64% | 0.75x | $22.39 Billion |
| USI Corp (1304) | $10.21 Billion | 0.00% | 0.95x | $484.79 Million |
| China General Plastics Corp (1305) | $4.59 Billion | -7.19% | 1.20x | $271.85 Million |
| Asia Polymer Corp (1308) | $9.45 Billion | 6.54% | 0.10x | $281.53 Million |
| Taita Chemical Co Ltd (1309) | $3.99 Billion | 5.21% | 1.19x | $260.54 Million |
| China Petrochemical Development Corp (1314) | $67.19 Billion | 6.39% | 0.34x | $884.79 Million |
| Ocean Plastics Co Ltd (1321) | $4.96 Billion | -2.93% | 0.96x | $211.37 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $80.00K | 0.00% | 0.25x | $42.54 Million |
| Everlight Chemical Industrial Corp (1711) | $7.98 Billion | 5.87% | 0.70x | $975.03 Million |
About Topco Technologies
Topco Technologies Corp. engages in the distribution and sale of silicone products in Taiwan and internationally. Its products include silicone oil, foaming and release agent, fiber treatment agent, defoamer, cosmetic raw material, and water-based and paint additive; and anti-fouling additive, paper release agent, flameretardant, silicone PSA and resin, coupling agent, organic silicone powder, an… Read more