Etrend Hightech
ETREND Hightech Corp. provides analog and mixed-signal testing services in Taiwan. The company offers wafer sort, laser trim, ICs final testing, lead scan and visual and mechanical inspection, tape and reel, and drop shipment services. It also provides test program development; probe card, load board, and DUT board design/fabrication; contactor and socket selection; handler to tester interface; d… Read more
Etrend Hightech (3567) - Net Assets
Latest net assets as of September 2025: NT$565.81 Million TWD
Based on the latest financial reports, Etrend Hightech (3567) has net assets worth NT$565.81 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$614.12 Million) and total liabilities (NT$48.30 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$565.81 Million |
| % of Total Assets | 92.13% |
| Annual Growth Rate | 1.15% |
| 5-Year Change | 9.22% |
| 10-Year Change | N/A |
| Growth Volatility | 4.09 |
Etrend Hightech - Net Assets Trend (2017–2024)
This chart illustrates how Etrend Hightech's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Etrend Hightech (2017–2024)
The table below shows the annual net assets of Etrend Hightech from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$603.43 Million | -4.32% |
| 2023-12-31 | NT$630.67 Million | +5.66% |
| 2022-12-31 | NT$596.90 Million | +1.17% |
| 2021-12-31 | NT$590.01 Million | +6.79% |
| 2020-12-31 | NT$552.50 Million | +3.98% |
| 2019-12-31 | NT$531.34 Million | -1.09% |
| 2018-12-31 | NT$537.17 Million | -3.56% |
| 2017-12-31 | NT$556.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Etrend Hightech'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 decreased by 23.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$113.37 Million | 18.79% |
| Other Components | NT$490.06 Million | 81.21% |
| Total Equity | NT$603.43 Million | 100.00% |
Etrend Hightech Competitors by Market Cap
The table below lists competitors of Etrend Hightech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Positron Corp
PINK:POSC
|
$24.12 Million |
|
Usio Inc
NASDAQ:USIO
|
$24.12 Million |
|
Chonbang
KO:000950
|
$24.13 Million |
|
Winix Inc
KQ:044340
|
$24.13 Million |
|
StoneBridge Ventures Inc.
KQ:330730
|
$24.11 Million |
|
Is Yatirim Ortakligi AS
IS:ISYAT
|
$24.11 Million |
|
NevGold Corp
OTCQX:NAUFF
|
$24.10 Million |
|
Ymc Co. Ltd
KQ:155650
|
$24.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Etrend Hightech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 630,675,000 to 603,428,000, a change of -27,247,000 (-4.3%).
- Net income of 63,352,000 contributed positively to equity growth.
- Dividend payments of 91,676,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$63.35 Million | +10.5% |
| Dividends Paid | NT$91.68 Million | -15.19% |
| Other Changes | NT$1.08 Million | +0.18% |
| Total Change | NT$- | -4.32% |
Book Value vs Market Value Analysis
This analysis compares Etrend Hightech'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: 1.44x
- 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 1.63x to 1.44x 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$15.70 | NT$25.65 | x |
| 2018-12-31 | NT$15.74 | NT$25.65 | x |
| 2019-12-31 | NT$16.21 | NT$25.65 | x |
| 2020-12-31 | NT$15.94 | NT$25.65 | x |
| 2021-12-31 | NT$17.09 | NT$25.65 | x |
| 2022-12-31 | NT$17.29 | NT$25.65 | x |
| 2023-12-31 | NT$18.34 | NT$25.65 | x |
| 2024-12-31 | NT$17.77 | NT$25.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Etrend Hightech 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): 10.50%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.14%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.07x
- Recent ROE (10.50%) is below the historical average (14.84%), 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 | 17.55% | 23.36% | 0.62x | 1.21x | NT$42.07 Million |
| 2018 | 17.30% | 22.50% | 0.66x | 1.17x | NT$39.23 Million |
| 2019 | 11.58% | 17.10% | 0.60x | 1.13x | NT$8.40 Million |
| 2020 | 14.43% | 20.62% | 0.61x | 1.16x | NT$24.50 Million |
| 2021 | 17.76% | 23.92% | 0.55x | 1.34x | NT$45.77 Million |
| 2022 | 13.43% | 21.75% | 0.53x | 1.17x | NT$20.45 Million |
| 2023 | 16.18% | 25.54% | 0.57x | 1.12x | NT$38.98 Million |
| 2024 | 10.50% | 20.14% | 0.48x | 1.07x | NT$3.01 Million |
Industry Comparison
This section compares Etrend Hightech's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $20,387,667,400
- Average return on equity (ROE) among peers: -0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Etrend Hightech (3567) | NT$565.81 Million | 17.55% | 0.09x | $24.11 Million |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Winbond Electronics Corp (2344) | $78.11 Billion | 0.00% | 0.35x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |