Niching Industrial
Niching Industrial Corporation manufactures, markets and sells semiconductor, flat panel display, LED, green energy, and nanotechnology products. It provides silver pastes products, including customized silver paste, pure and hybrid silver sintering paste, snap cure anisotropic conductive paste, conductive silver paste, and screen-printing silver paste; semiconductor package substrate, such as me… Read more
Niching Industrial (3444) - Net Assets
Latest net assets as of June 2025: NT$997.13 Million TWD
Based on the latest financial reports, Niching Industrial (3444) has net assets worth NT$997.13 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$1.46 Billion) and total liabilities (NT$461.72 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$997.13 Million |
| % of Total Assets | 68.35% |
| Annual Growth Rate | 9.19% |
| 5-Year Change | 45.78% |
| 10-Year Change | N/A |
| Growth Volatility | 5.76 |
Niching Industrial - Net Assets Trend (2017–2024)
This chart illustrates how Niching Industrial's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Niching Industrial (2017–2024)
The table below shows the annual net assets of Niching Industrial from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.07 Billion | -1.12% |
| 2023-12-31 | NT$1.09 Billion | +18.06% |
| 2022-12-31 | NT$920.26 Million | +14.01% |
| 2021-12-31 | NT$807.16 Million | +9.53% |
| 2020-12-31 | NT$736.91 Million | +5.96% |
| 2019-12-31 | NT$695.44 Million | +6.92% |
| 2018-12-31 | NT$650.43 Million | +12.06% |
| 2017-12-31 | NT$580.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Niching Industrial'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 61.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$223.15 Million | 20.77% |
| Other Components | NT$851.14 Million | 79.23% |
| Total Equity | NT$1.07 Billion | 100.00% |
Niching Industrial Competitors by Market Cap
The table below lists competitors of Niching Industrial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
e-therapeutics plc
PINK:ETXPF
|
$57.33 Million |
|
Marmota Ltd
AU:MEU
|
$57.34 Million |
|
TAM JAI INTERNATIONAL CO.
F:29S
|
$57.34 Million |
|
IDREAMSKY TE+H. DL-0001
F:08IA
|
$57.35 Million |
|
FELIX Gold Ltd
AU:FXG
|
$57.29 Million |
|
Guardian Metal Resources PLC
OTCQX:GMTLF
|
$57.28 Million |
|
Bulten AB
ST:BULTEN
|
$57.24 Million |
|
Invictus Energy Limited
OTCQB:IVCTF
|
$57.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Niching Industrial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,086,469,000 to 1,074,285,000, a change of -12,184,000 (-1.1%).
- Net income of 107,452,000 contributed positively to equity growth.
- Dividend payments of 101,464,000 reduced retained earnings.
- Other factors decreased equity by 18,172,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$107.45 Million | +10.0% |
| Dividends Paid | NT$101.46 Million | -9.44% |
| Other Changes | NT$-18.17 Million | -1.69% |
| Total Change | NT$- | -1.12% |
Book Value vs Market Value Analysis
This analysis compares Niching Industrial'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: 2.53x
- 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 4.07x to 2.53x 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$14.84 | NT$60.40 | x |
| 2018-12-31 | NT$16.63 | NT$60.40 | x |
| 2019-12-31 | NT$17.78 | NT$60.40 | x |
| 2020-12-31 | NT$18.21 | NT$60.40 | x |
| 2021-12-31 | NT$19.98 | NT$60.40 | x |
| 2022-12-31 | NT$23.38 | NT$60.40 | x |
| 2023-12-31 | NT$25.08 | NT$60.40 | x |
| 2024-12-31 | NT$23.87 | NT$60.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Niching Industrial utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.00%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.32%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.41x
- Recent ROE (10.00%) is below the historical average (12.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 8.23% | 5.30% | 1.05x | 1.48x | NT$-10.25 Million |
| 2018 | 9.15% | 7.13% | 0.91x | 1.40x | NT$-5.54 Million |
| 2019 | 15.07% | 13.03% | 0.71x | 1.64x | NT$35.23 Million |
| 2020 | 14.44% | 11.04% | 0.74x | 1.77x | NT$32.74 Million |
| 2021 | 16.65% | 11.03% | 0.93x | 1.63x | NT$53.71 Million |
| 2022 | 21.30% | 18.48% | 0.74x | 1.55x | NT$103.95 Million |
| 2023 | 8.61% | 9.58% | 0.68x | 1.32x | NT$-15.10 Million |
| 2024 | 10.00% | 9.32% | 0.76x | 1.41x | NT$23.50K |
Industry Comparison
This section compares Niching Industrial's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,963,876,800
- Average return on equity (ROE) among peers: 4.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Niching Industrial (3444) | NT$997.13 Million | 8.23% | 0.46x | $57.33 Million |
| Rectron Ltd (2302) | $1.74 Billion | 6.07% | 0.23x | $39.77 Million |
| Taiwan Mask Corp (2338) | $3.62 Billion | -1.02% | 0.09x | $217.60 Million |
| Lingsen Precision Industries Ltd (2369) | $5.31 Billion | -10.40% | 0.55x | $285.76 Million |
| Greatek Electronics Inc (2441) | $9.68 Billion | 16.62% | 0.10x | $727.39 Million |
| Visual Photonics Epitaxy Co Ltd (2455) | $919.04 Million | 0.00% | 0.65x | $1.13 Billion |
| Pan Jit International Inc (2481) | $7.85 Billion | 5.85% | 1.65x | $824.61 Million |
| Ampoc Far-East Co Ltd (2493) | $2.16 Billion | 18.34% | 0.50x | $265.52 Million |
| Episil-Precision Inc (3016) | $1.06 Billion | 1.57% | 0.14x | $187.04 Million |
| Zenitron Corp (3028) | $4.03 Billion | 10.78% | 1.64x | $312.17 Million |
| ALi Corp (3041) | $3.27 Billion | 0.43% | 0.15x | $98.65 Million |