Shian Yih Electronic Industry Co Ltd (3531) - Net Assets
Based on the latest financial reports, Shian Yih Electronic Industry Co Ltd (3531) has net assets worth NT$1.80 Billion TWD (≈ $56.65 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$2.18 Billion ≈ $68.81 Million USD) and total liabilities (NT$386.12 Million ≈ $12.16 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 3531 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.80 Billion |
| % of Total Assets | 82.32% |
| Annual Growth Rate | 0.68% |
| 5-Year Change | 9.37% |
| 10-Year Change | 8.53% |
| Growth Volatility | 3.29 |
Shian Yih Electronic Industry Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shian Yih Electronic Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. See 3531 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shian Yih Electronic Industry Co Ltd (2008–2024)
The table below shows the annual net assets of Shian Yih Electronic Industry Co Ltd from 2008 to 2024. For live valuation and market cap data, see Shian Yih Electronic Industry Co Ltd (3531) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.92 Billion ≈ $60.35 Million |
+0.64% |
| 2023-12-31 | NT$1.90 Billion ≈ $59.97 Million |
+0.27% |
| 2022-12-31 | NT$1.90 Billion ≈ $59.81 Million |
+7.87% |
| 2021-12-31 | NT$1.76 Billion ≈ $55.45 Million |
+0.48% |
| 2020-12-31 | NT$1.75 Billion ≈ $55.19 Million |
-4.82% |
| 2019-12-31 | NT$1.84 Billion ≈ $57.98 Million |
+1.06% |
| 2018-12-31 | NT$1.82 Billion ≈ $57.37 Million |
-1.44% |
| 2017-12-31 | NT$1.85 Billion ≈ $58.21 Million |
+3.86% |
| 2016-12-31 | NT$1.78 Billion ≈ $56.05 Million |
+0.79% |
| 2015-12-31 | NT$1.77 Billion ≈ $55.61 Million |
-2.19% |
| 2014-12-31 | NT$1.80 Billion ≈ $56.86 Million |
-0.42% |
| 2013-12-31 | NT$1.81 Billion ≈ $57.09 Million |
+3.68% |
| 2012-12-31 | NT$1.75 Billion ≈ $55.07 Million |
+0.16% |
| 2011-12-31 | NT$1.75 Billion ≈ $54.98 Million |
+6.09% |
| 2010-12-31 | NT$1.64 Billion ≈ $51.82 Million |
-4.65% |
| 2009-12-31 | NT$1.73 Billion ≈ $54.35 Million |
+0.29% |
| 2008-12-31 | NT$1.72 Billion ≈ $54.19 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shian Yih Electronic Industry 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 101.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$730.17 Million | 38.50% |
| Other Components | NT$1.17 Billion | 61.50% |
| Total Equity | NT$1.90 Billion | 100.00% |
Shian Yih Electronic Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Shian Yih Electronic Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Very Good Tour Co. Ltd
KQ:094850
|
$44.54 Million |
|
TPXIMPACT HOLDINGS LS-01
F:9L7
|
$44.54 Million |
|
Plastiques du Val de Loire
PA:PVL
|
$44.58 Million |
|
Royal Road Minerals Ltd
V:RYR
|
$44.58 Million |
|
Hwacheon Machi
KO:010660
|
$44.50 Million |
|
InfoBeans Technologies Limited
NSE:INFOBEAN
|
$44.48 Million |
|
Investment and Trading of Real Estate JSC
VN:ITC
|
$44.47 Million |
|
Liberty Shoes Limited
NSE:LIBERTSHOE
|
$44.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shian Yih Electronic Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,884,496,000 to 1,896,722,000, a change of 12,226,000 (0.6%).
- Net income of 82,647,000 contributed positively to equity growth.
- Dividend payments of 103,998,000 reduced retained earnings.
- Other factors increased equity by 33,577,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$82.65 Million | +4.36% |
| Dividends Paid | NT$104.00 Million | -5.48% |
| Other Changes | NT$33.58 Million | +1.77% |
| Total Change | NT$- | 0.65% |
Book Value vs Market Value Analysis
This analysis compares Shian Yih Electronic Industry 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: 0.75x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$29.53 | NT$23.10 | x |
| 2018-12-31 | NT$28.97 | NT$23.10 | x |
| 2019-12-31 | NT$29.44 | NT$23.10 | x |
| 2020-12-31 | NT$28.14 | NT$23.10 | x |
| 2021-12-31 | NT$28.40 | NT$23.10 | x |
| 2022-12-31 | NT$30.67 | NT$23.10 | x |
| 2023-12-31 | NT$30.81 | NT$23.10 | x |
| 2024-12-31 | NT$31.00 | NT$23.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shian Yih Electronic Industry Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.23%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.30x
- Recent ROE (4.36%) is below the historical average (5.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 5.10% | 4.68% | 0.89x | 1.22x | NT$-84.29 Million |
| 2009 | 6.32% | 6.42% | 0.77x | 1.27x | NT$-63.50 Million |
| 2010 | 6.84% | 5.21% | 0.95x | 1.38x | NT$-52.06 Million |
| 2011 | 6.48% | 4.51% | 0.97x | 1.48x | NT$-61.50 Million |
| 2012 | 7.49% | 5.76% | 0.97x | 1.35x | NT$-43.65 Million |
| 2013 | 7.33% | 6.67% | 0.81x | 1.36x | NT$-48.33 Million |
| 2014 | 1.27% | 1.17% | 0.73x | 1.49x | NT$-157.51 Million |
| 2015 | 1.05% | 1.06% | 0.73x | 1.37x | NT$-157.91 Million |
| 2016 | 5.32% | 5.53% | 0.70x | 1.38x | NT$-83.28 Million |
| 2017 | 9.36% | 8.67% | 0.76x | 1.43x | NT$-11.56 Million |
| 2018 | 4.77% | 4.59% | 0.76x | 1.36x | NT$-92.70 Million |
| 2019 | 7.77% | 7.35% | 0.75x | 1.41x | NT$-40.22 Million |
| 2020 | 2.99% | 3.03% | 0.65x | 1.53x | NT$-120.77 Million |
| 2021 | 4.87% | 4.10% | 0.74x | 1.61x | NT$-89.12 Million |
| 2022 | 9.86% | 8.25% | 0.81x | 1.48x | NT$-2.68 Million |
| 2023 | 7.90% | 7.14% | 0.79x | 1.40x | NT$-39.62 Million |
| 2024 | 4.36% | 5.23% | 0.64x | 1.30x | NT$-107.03 Million |
Industry Comparison
This section compares Shian Yih Electronic Industry Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $92,283,078,100
- Average return on equity (ROE) among peers: -5.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shian Yih Electronic Industry Co Ltd (3531) | NT$1.80 Billion | 5.10% | 0.21x | $44.52 Million |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $17.41 Million |
| United Microelectronics Corporation (2303) | $214.10 Billion | 1.81% | 0.18x | $55.44 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $4.44 Billion | -3.97% | 3.02x | $1.13 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $578.70 Billion | 27.93% | 0.24x | $1.95 Trillion |
| Macronix International Co Ltd (2337) | $18.43 Billion | -22.72% | 1.04x | $9.43 Billion |
| Optotech Corp (2340) | $6.01 Billion | 5.81% | 0.81x | $531.12 Million |
| Mosel Vitelic Inc (2342) | $31.49 Billion | 0.00% | 1.13x | $249.14 Million |
| Winbond Electronics Corp (2344) | $34.42 Billion | -25.03% | 0.96x | $28.21 Billion |
| Silicon Integrated Systems Corp (2363) | $9.58 Billion | -65.65% | 0.06x | $957.27 Million |
| Realtek Semiconductor Corp (2379) | $24.65 Billion | 17.65% | 1.36x | $12.04 Billion |
About Shian Yih Electronic Industry Co Ltd
Shian Yih Electronic Industry Co.,Ltd, together with its subsidiaries, manufactures and sells of back light modules in Taiwan, China, Japan, the United States, and internationally. It provides small to medium size LED back light modules for automotive, tablets, and watches; light guide films; motorcycle and vehicle LED headlight modules; precision injection molds for electronic housing, mobile ph… Read more