Tai Shing Electronics Components Corporation
Tai Shing Electronics Components Corporation, together with its subsidiaries, researches, designs, manufactures, and sells solenoids, and solenoid valve and relay products in Asia, Europe, the Americas, and internationally. The company offers linear DC solenoid products comprising open frame, permanent, and tubular solenoids; holding, rotary DC, and customized solenoids; water, air, and oil valve… Read more
Tai Shing Electronics Components Corporation (3426) - Net Assets
Latest net assets as of September 2025: NT$712.04 Million TWD
Based on the latest financial reports, Tai Shing Electronics Components Corporation (3426) has net assets worth NT$712.04 Million TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$954.54 Million) and total liabilities (NT$242.50 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$712.04 Million |
| % of Total Assets | 74.6% |
| Annual Growth Rate | 5.37% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6.21 |
Tai Shing Electronics Components Corporation - Net Assets Trend (2021–2024)
This chart illustrates how Tai Shing Electronics Components Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tai Shing Electronics Components Corporation (2021–2024)
The table below shows the annual net assets of Tai Shing Electronics Components Corporation from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$775.19 Million | +13.52% |
| 2023-12-31 | NT$682.88 Million | -1.62% |
| 2022-12-31 | NT$694.14 Million | +4.75% |
| 2021-12-31 | NT$662.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tai Shing Electronics Components Corporation'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 19.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$223.75 Million | 28.86% |
| Other Components | NT$551.44 Million | 71.14% |
| Total Equity | NT$775.19 Million | 100.00% |
Tai Shing Electronics Components Corporation Competitors by Market Cap
The table below lists competitors of Tai Shing Electronics Components Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Somero Enterprise Inc
LSE:SOM
|
$14.27K |
|
Mobotix AG
F:MBQ
|
$14.29K |
|
SYRAKUS HOLDING
BE:HZH
|
$14.29K |
|
Bich Chi Food Co
VN:BCF
|
$14.30K |
|
Samyang Optics Co. Ltd.
KO:225190
|
$14.26K |
|
WIZC3F
SA:WIZC3F
|
$14.25K |
|
CAPITAL LTD. DL-0001
F:C8D
|
$14.24K |
|
Colombo Investment Trust PLC
CM:CITN0000
|
$14.24K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tai Shing Electronics Components Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 682,883,000 to 775,189,000, a change of 92,306,000 (13.5%).
- Net income of 90,816,000 contributed positively to equity growth.
- Dividend payments of 52,800,000 reduced retained earnings.
- Other factors increased equity by 54,290,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$90.82 Million | +11.72% |
| Dividends Paid | NT$52.80 Million | -6.81% |
| Other Changes | NT$54.29 Million | +7.0% |
| Total Change | NT$- | 13.52% |
Book Value vs Market Value Analysis
This analysis compares Tai Shing Electronics Components Corporation'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: 1.61x
- 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 1.89x to 1.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | NT$25.10 | NT$47.35 | x |
| 2022-12-31 | NT$26.29 | NT$47.35 | x |
| 2023-12-31 | NT$25.87 | NT$47.35 | x |
| 2024-12-31 | NT$29.36 | NT$47.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tai Shing Electronics Components Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.72%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.62%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.42x
- Recent ROE (11.72%) is above the historical average (10.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 9.88% | 9.19% | 0.68x | 1.57x | NT$-816.10K |
| 2022 | 10.74% | 10.40% | 0.71x | 1.46x | NT$5.17 Million |
| 2023 | 9.12% | 9.80% | 0.64x | 1.45x | NT$-6.03 Million |
| 2024 | 11.72% | 11.62% | 0.71x | 1.42x | NT$13.30 Million |
Industry Comparison
This section compares Tai Shing Electronics Components Corporation'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 |
|---|---|---|---|---|
| Tai Shing Electronics Components Corporation (3426) | NT$712.04 Million | 9.88% | 0.34x | $14.27K |
| 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 |