Forcecon Technology Co Ltd (3483) - Net Assets
Based on the latest financial reports, Forcecon Technology Co Ltd (3483) has net assets worth NT$4.77 Billion TWD (≈ $150.38 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$9.97 Billion ≈ $314.14 Million USD) and total liabilities (NT$5.20 Billion ≈ $163.75 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 Forcecon Technology Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.77 Billion |
| % of Total Assets | 47.87% |
| Annual Growth Rate | 7.36% |
| 5-Year Change | 80.56% |
| 10-Year Change | 153.58% |
| Growth Volatility | 10.1 |
Forcecon Technology Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Forcecon Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Forcecon Technology Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Forcecon Technology Co Ltd (2009–2024)
The table below shows the annual net assets of Forcecon Technology Co Ltd from 2009 to 2024. For live valuation and market cap data, see Forcecon Technology Co Ltd (3483) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.90 Billion ≈ $154.24 Million |
+20.01% |
| 2023-12-31 | NT$4.08 Billion ≈ $128.52 Million |
+15.99% |
| 2022-12-31 | NT$3.52 Billion ≈ $110.80 Million |
+9.78% |
| 2021-12-31 | NT$3.20 Billion ≈ $100.93 Million |
+18.15% |
| 2020-12-31 | NT$2.71 Billion ≈ $85.42 Million |
+32.94% |
| 2019-12-31 | NT$2.04 Billion ≈ $64.26 Million |
+8.09% |
| 2018-12-31 | NT$1.89 Billion ≈ $59.45 Million |
-1.59% |
| 2017-12-31 | NT$1.92 Billion ≈ $60.41 Million |
-2.68% |
| 2016-12-31 | NT$1.97 Billion ≈ $62.08 Million |
+2.06% |
| 2015-12-31 | NT$1.93 Billion ≈ $60.82 Million |
-4.60% |
| 2014-12-31 | NT$2.02 Billion ≈ $63.76 Million |
+1.97% |
| 2013-12-31 | NT$1.98 Billion ≈ $62.53 Million |
-3.45% |
| 2012-12-31 | NT$2.06 Billion ≈ $64.76 Million |
+3.77% |
| 2011-12-31 | NT$1.98 Billion ≈ $62.41 Million |
+6.43% |
| 2010-12-31 | NT$1.86 Billion ≈ $58.64 Million |
+10.32% |
| 2009-12-31 | NT$1.69 Billion ≈ $53.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Forcecon Technology Co Ltd'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 271.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.28 Billion | 26.12% |
| Other Components | NT$3.62 Billion | 73.88% |
| Total Equity | NT$4.90 Billion | 100.00% |
Forcecon Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Forcecon Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Liaoning Kelong Fine ChemicalInc
SHE:300405
|
$286.71 Million |
|
Cellectis SA
NASDAQ:CLLS
|
$286.73 Million |
|
CompX International Inc
NYSE MKT:CIX
|
$286.76 Million |
|
Incap Oyj
HE:ICP1V
|
$286.82 Million |
|
Lionheart Holdings Unit
NASDAQ:CUBWU
|
$286.67 Million |
|
Resolute Holdings Management, Inc.
NASDAQ:RHLD
|
$286.64 Million |
|
SAMYANG NC Chem
KQ:482630
|
$286.58 Million |
|
Cartesian Growth Corporation III Class A Ordinary Shares
NASDAQ:CGCT
|
$286.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forcecon Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,079,339,000 to 4,895,673,000, a change of 816,334,000 (20.0%).
- Net income of 696,523,000 contributed positively to equity growth.
- Dividend payments of 432,574,000 reduced retained earnings.
- New share issuances of 387,550,000 increased equity.
- Other comprehensive income decreased equity by 796,805,000.
- Other factors increased equity by 961,640,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$696.52 Million | +14.23% |
| Dividends Paid | NT$432.57 Million | -8.84% |
| Share Issuances | NT$387.55 Million | +7.92% |
| Other Comprehensive Income | NT$-796.80 Million | -16.28% |
| Other Changes | NT$961.64 Million | +19.64% |
| Total Change | NT$- | 20.01% |
Book Value vs Market Value Analysis
This analysis compares Forcecon Technology Co Ltd'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: 1.87x
- 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 3.25x to 1.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$28.52 | NT$92.80 | x |
| 2010-12-31 | NT$30.46 | NT$92.80 | x |
| 2011-12-31 | NT$28.97 | NT$92.80 | x |
| 2012-12-31 | NT$29.79 | NT$92.80 | x |
| 2013-12-31 | NT$29.10 | NT$92.80 | x |
| 2014-12-31 | NT$29.72 | NT$92.80 | x |
| 2015-12-31 | NT$28.66 | NT$92.80 | x |
| 2016-12-31 | NT$29.48 | NT$92.80 | x |
| 2017-12-31 | NT$28.39 | NT$92.80 | x |
| 2018-12-31 | NT$28.22 | NT$92.80 | x |
| 2019-12-31 | NT$30.58 | NT$92.80 | x |
| 2020-12-31 | NT$36.56 | NT$92.80 | x |
| 2021-12-31 | NT$41.59 | NT$92.80 | x |
| 2022-12-31 | NT$41.70 | NT$92.80 | x |
| 2023-12-31 | NT$49.09 | NT$92.80 | x |
| 2024-12-31 | NT$49.69 | NT$92.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forcecon Technology Co Ltd 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): 14.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.74%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 2.03x
- Recent ROE (14.23%) is above the historical average (6.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 13.33% | 6.30% | 1.04x | 2.03x | NT$55.49 Million |
| 2010 | 0.25% | 0.14% | 0.96x | 1.93x | NT$-178.71 Million |
| 2011 | 1.13% | 0.65% | 0.88x | 1.97x | NT$-173.19 Million |
| 2012 | 6.86% | 3.80% | 1.03x | 1.76x | NT$-63.42 Million |
| 2013 | -3.28% | -2.22% | 0.83x | 1.77x | NT$-259.53 Million |
| 2014 | 0.32% | 0.21% | 0.81x | 1.88x | NT$-193.38 Million |
| 2015 | -1.85% | -1.29% | 0.77x | 1.87x | NT$-227.42 Million |
| 2016 | 6.42% | 3.57% | 0.89x | 2.02x | NT$-70.40 Million |
| 2017 | 0.31% | 0.15% | 0.97x | 2.11x | NT$-185.27 Million |
| 2018 | 2.25% | 0.97% | 1.06x | 2.19x | NT$-146.23 Million |
| 2019 | 8.59% | 3.63% | 1.08x | 2.20x | NT$-28.83 Million |
| 2020 | 10.89% | 5.04% | 0.91x | 2.37x | NT$24.26 Million |
| 2021 | 12.49% | 5.12% | 0.99x | 2.45x | NT$79.68 Million |
| 2022 | 14.18% | 6.72% | 1.01x | 2.08x | NT$147.00 Million |
| 2023 | 15.60% | 7.63% | 0.95x | 2.14x | NT$228.54 Million |
| 2024 | 14.23% | 7.74% | 0.90x | 2.03x | NT$206.96 Million |
Industry Comparison
This section compares Forcecon Technology Co Ltd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $14,846,299,500
- Average return on equity (ROE) among peers: 8.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forcecon Technology Co Ltd (3483) | NT$4.77 Billion | 13.33% | 1.09x | $286.67 Million |
| China Wire & Cable Co Ltd (1603) | $3.47 Billion | 1.69% | 1.20x | $159.64 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $7.31 Billion | 7.65% | 0.10x | $233.73 Million |
| Synnex Technology International Corp (2347) | $65.89 Billion | 26.21% | 2.06x | $4.34 Billion |
| Foxconn Technology Co Ltd (2354) | $49.32 Billion | 18.34% | 1.03x | $2.31 Billion |
| Senao International Co Ltd (2450) | $5.75 Billion | 13.96% | 0.78x | $240.84 Million |
| Wah Lee Industrial Corp (3010) | $7.24 Billion | 11.18% | 1.07x | $1.08 Billion |
| Weikeng Industrial Co Ltd (3033) | $5.82 Billion | 10.73% | 3.40x | $540.95 Million |
| Edom Technology Co Ltd (3048) | $2.10 Billion | 2.91% | 1.93x | $324.32 Million |
| MetaTech AP (3224) | $1.07 Billion | -5.38% | 0.22x | $124.56 Million |
| Sentronic International (3232) | $488.54 Million | 2.26% | 0.71x | $31.40 Million |
About Forcecon Technology Co Ltd
Forcecon Technology Co., Ltd. engages in the research, development, production, and sale of thermal management products in Taiwan and internationally. The company offers axial and blower fans; cold plate liquid cooling products; heat pipes; immersion cooling systems; slim vapor chambers; thermal modules; and vapor chambers. Its products are used in automotive, battery charging and storage, consum… Read more