Shih Her Technologies (3551) - Net Assets
Based on the latest financial reports, Shih Her Technologies (3551) has net assets worth NT$3.88 Billion TWD (≈ $122.26 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$4.92 Billion ≈ $155.15 Million USD) and total liabilities (NT$1.04 Billion ≈ $32.89 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 3551 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.88 Billion |
| % of Total Assets | 78.8% |
| Annual Growth Rate | 5.68% |
| 5-Year Change | 28.43% |
| 10-Year Change | 42.04% |
| Growth Volatility | 5.13 |
Shih Her Technologies - Net Assets Trend (2009–2024)
This chart illustrates how Shih Her Technologies's net assets have evolved over time, based on quarterly financial data. Also explore 3551 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Shih Her Technologies (2009–2024)
The table below shows the annual net assets of Shih Her Technologies from 2009 to 2024. For live valuation and market cap data, see market cap of Shih Her Technologies.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.79 Billion ≈ $119.29 Million |
+7.97% |
| 2023-12-31 | NT$3.51 Billion ≈ $110.49 Million |
+3.01% |
| 2022-12-31 | NT$3.40 Billion ≈ $107.26 Million |
+5.11% |
| 2021-12-31 | NT$3.24 Billion ≈ $102.05 Million |
+9.87% |
| 2020-12-31 | NT$2.95 Billion ≈ $92.88 Million |
+5.79% |
| 2019-12-31 | NT$2.79 Billion ≈ $87.80 Million |
+2.82% |
| 2018-12-31 | NT$2.71 Billion ≈ $85.39 Million |
+3.26% |
| 2017-12-31 | NT$2.62 Billion ≈ $82.70 Million |
+2.60% |
| 2016-12-31 | NT$2.56 Billion ≈ $80.60 Million |
-4.03% |
| 2015-12-31 | NT$2.67 Billion ≈ $83.99 Million |
-1.78% |
| 2014-12-31 | NT$2.71 Billion ≈ $85.50 Million |
+6.79% |
| 2013-12-31 | NT$2.54 Billion ≈ $80.07 Million |
+8.30% |
| 2012-12-31 | NT$2.35 Billion ≈ $73.93 Million |
+15.37% |
| 2011-12-31 | NT$2.03 Billion ≈ $64.08 Million |
+15.08% |
| 2010-12-31 | NT$1.77 Billion ≈ $55.69 Million |
+6.85% |
| 2009-12-31 | NT$1.65 Billion ≈ $52.12 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shih Her 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 291.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.46 Billion | 64.93% |
| Other Components | NT$1.33 Billion | 35.07% |
| Total Equity | NT$3.79 Billion | 100.00% |
Shih Her Technologies Competitors by Market Cap
The table below lists competitors of Shih Her Technologies ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ponce Financial Group Inc
NASDAQ:PDLB
|
$379.33 Million |
|
MeguREIT Israel
TA:MGRT
|
$379.35 Million |
|
Beijing InterAct Technology Co Ltd
SHE:300419
|
$379.39 Million |
|
Sun Tekstil Sanayi ve Ticaret A.S.
IS:SUNTK
|
$379.48 Million |
|
Yest Ltd
KQ:122640
|
$379.28 Million |
|
NEWRON PHARMACEUT. EO-20
F:NP5
|
$379.22 Million |
|
Erajaya Swasembada Tbk
JK:ERAA
|
$379.19 Million |
|
Select Harvests Ltd
AU:SHV
|
$379.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shih Her Technologies's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,506,875,000 to 3,786,313,000, a change of 279,438,000 (8.0%).
- Net income of 373,130,000 contributed positively to equity growth.
- Dividend payments of 157,463,000 reduced retained earnings.
- Other comprehensive income decreased equity by 754,888,999.
- Other factors increased equity by 818,659,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$373.13 Million | +9.85% |
| Dividends Paid | NT$157.46 Million | -4.16% |
| Other Comprehensive Income | NT$-754.89 Million | -19.94% |
| Other Changes | NT$818.66 Million | +21.62% |
| Total Change | NT$- | 7.97% |
Book Value vs Market Value Analysis
This analysis compares Shih Her 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: 2.95x
- 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 5.79x to 2.95x 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$33.67 | NT$195.00 | x |
| 2010-12-31 | NT$30.59 | NT$195.00 | x |
| 2011-12-31 | NT$35.59 | NT$195.00 | x |
| 2012-12-31 | NT$40.09 | NT$195.00 | x |
| 2013-12-31 | NT$43.45 | NT$195.00 | x |
| 2014-12-31 | NT$46.29 | NT$195.00 | x |
| 2015-12-31 | NT$46.20 | NT$195.00 | x |
| 2016-12-31 | NT$44.86 | NT$195.00 | x |
| 2017-12-31 | NT$46.07 | NT$195.00 | x |
| 2018-12-31 | NT$47.35 | NT$195.00 | x |
| 2019-12-31 | NT$48.77 | NT$195.00 | x |
| 2020-12-31 | NT$51.42 | NT$195.00 | x |
| 2021-12-31 | NT$56.38 | NT$195.00 | x |
| 2022-12-31 | NT$59.17 | NT$195.00 | x |
| 2023-12-31 | NT$61.77 | NT$195.00 | x |
| 2024-12-31 | NT$66.07 | NT$195.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shih Her Technologies utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.49%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.29x
- Recent ROE (9.85%) is above the historical average (8.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 6.00% | 12.19% | 0.43x | 1.15x | NT$-64.65 Million |
| 2010 | 8.84% | 14.96% | 0.44x | 1.33x | NT$-20.12 Million |
| 2011 | 12.91% | 21.97% | 0.46x | 1.28x | NT$58.21 Million |
| 2012 | 8.96% | 16.64% | 0.42x | 1.27x | NT$-23.93 Million |
| 2013 | 10.56% | 18.81% | 0.44x | 1.27x | NT$13.95 Million |
| 2014 | 10.58% | 18.40% | 0.46x | 1.26x | NT$15.47 Million |
| 2015 | 6.80% | 13.24% | 0.41x | 1.25x | NT$-85.18 Million |
| 2016 | 3.71% | 7.06% | 0.38x | 1.39x | NT$-160.77 Million |
| 2017 | 5.18% | 8.94% | 0.42x | 1.39x | NT$-126.38 Million |
| 2018 | 6.54% | 9.53% | 0.49x | 1.39x | NT$-93.73 Million |
| 2019 | 7.63% | 9.87% | 0.54x | 1.43x | NT$-65.96 Million |
| 2020 | 8.55% | 12.20% | 0.50x | 1.39x | NT$-42.69 Million |
| 2021 | 12.55% | 19.03% | 0.48x | 1.37x | NT$82.73 Million |
| 2022 | 10.67% | 15.18% | 0.50x | 1.41x | NT$22.72 Million |
| 2023 | 8.95% | 13.72% | 0.48x | 1.36x | NT$-36.72 Million |
| 2024 | 9.85% | 14.49% | 0.53x | 1.29x | NT$-5.50 Million |
Industry Comparison
This section compares Shih Her Technologies's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $5,072,572,600
- Average return on equity (ROE) among peers: 9.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shih Her Technologies (3551) | NT$3.88 Billion | 6.00% | 0.27x | $379.28 Million |
| Rectron Ltd (2302) | $1.77 Billion | 6.75% | 0.22x | $97.98 Million |
| Taiwan Mask Corp (2338) | $3.62 Billion | -1.02% | 0.09x | $410.22 Million |
| SDI Corp (2351) | $6.99 Billion | 13.46% | 0.85x | $883.71 Million |
| Lingsen Precision Industries Ltd (2369) | $5.13 Billion | -3.18% | 0.49x | $348.60 Million |
| Greatek Electronics Inc (2441) | $4.55 Billion | 20.38% | 0.55x | $1.51 Billion |
| Visual Photonics Epitaxy Co Ltd (2455) | $3.46 Billion | 14.82% | 0.16x | $2.01 Billion |
| Pan Jit International Inc (2481) | $15.52 Billion | 5.92% | 0.85x | $1.22 Billion |
| Ampoc Far-East Co Ltd (2493) | $2.35 Billion | 13.12% | 0.55x | $692.88 Million |
| Episil-Precision Inc (3016) | $5.30 Billion | 12.85% | 0.45x | $815.43 Million |
| Zenitron Corp (3028) | $2.03 Billion | 10.08% | 1.88x | $510.50 Million |
About Shih Her Technologies
Shih Her Technologies Inc. provides precision clean and reborn treatment for semiconductor, photoelectricity, and solar energy's manufacturing equipment parts. The company was founded in 1977 and is headquartered in Hsinchu City, Taiwan.