ICP DAS Co Ltd
ICP Das Co., Ltd. produces and sells industrial automation products and solutions worldwide. It offers PC boards, including DAQ, communication, motion control, and watchdog boards; programmable automation controllers; panel products comprising LED message display, touch HMI devices, complex touch panel PC/PAC, and ICP DAS; and industrial Internet of Things, such as software, controller/server, IO… Read more
ICP DAS Co Ltd (3577) - Net Assets
Latest net assets as of June 2025: NT$1.31 Billion TWD
Based on the latest financial reports, ICP DAS Co Ltd (3577) has net assets worth NT$1.31 Billion 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$1.68 Billion) and total liabilities (NT$367.73 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$1.31 Billion |
| % of Total Assets | 78.07% |
| Annual Growth Rate | 5.25% |
| 5-Year Change | 34.23% |
| 10-Year Change | N/A |
| Growth Volatility | 4.9 |
ICP DAS Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how ICP DAS Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ICP DAS Co Ltd (2015–2024)
The table below shows the annual net assets of ICP DAS Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.33 Billion | +4.32% |
| 2023-12-31 | NT$1.27 Billion | +0.33% |
| 2022-12-31 | NT$1.27 Billion | +13.26% |
| 2021-12-31 | NT$1.12 Billion | +13.23% |
| 2020-12-31 | NT$989.91 Million | +0.54% |
| 2019-12-31 | NT$984.64 Million | +0.69% |
| 2018-12-31 | NT$977.84 Million | +2.60% |
| 2017-12-31 | NT$953.06 Million | +4.52% |
| 2016-12-31 | NT$911.80 Million | +8.81% |
| 2015-12-31 | NT$837.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ICP DAS 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 28.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$418.92 Million | 31.53% |
| Other Components | NT$909.81 Million | 68.47% |
| Total Equity | NT$1.33 Billion | 100.00% |
ICP DAS Co Ltd Competitors by Market Cap
The table below lists competitors of ICP DAS Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiabuxiabu Catering Management (China) Holdings Co. Ltd
PINK:XIAXF
|
$65.57 Million |
|
Bonterra Energy Corp
PINK:BNEFF
|
$65.57 Million |
|
Precia S.A.
PA:ALPM
|
$65.58 Million |
|
Ajinomoto Malaysia Bhd
KLSE:2658
|
$65.62 Million |
|
Taiwan IC Packaging
TWO:3372
|
$65.52 Million |
|
Century Enka Limited
NSE:CENTENKA
|
$65.52 Million |
|
European Residential Real Estate Investment Trust
TO:ERE-UN
|
$65.52 Million |
|
Zumtobel Group AG
OTCGREY:ZMTBY
|
$65.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ICP DAS Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,273,656,000 to 1,328,728,000, a change of 55,072,000 (4.3%).
- Net income of 103,780,000 contributed positively to equity growth.
- Dividend payments of 63,966,000 reduced retained earnings.
- Other factors increased equity by 15,258,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$103.78 Million | +7.81% |
| Dividends Paid | NT$63.97 Million | -4.81% |
| Other Changes | NT$15.26 Million | +1.15% |
| Total Change | NT$- | 4.32% |
Book Value vs Market Value Analysis
This analysis compares ICP DAS 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: 2.99x
- 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 3.44x to 2.99x 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$18.03 | NT$62.10 | x |
| 2018-12-31 | NT$18.50 | NT$62.10 | x |
| 2019-12-31 | NT$18.63 | NT$62.10 | x |
| 2020-12-31 | NT$15.42 | NT$62.10 | x |
| 2021-12-31 | NT$17.40 | NT$62.10 | x |
| 2022-12-31 | NT$19.71 | NT$62.10 | x |
| 2023-12-31 | NT$19.85 | NT$62.10 | x |
| 2024-12-31 | NT$20.77 | NT$62.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ICP DAS Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.69%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.23x
- Recent ROE (7.81%) is below the historical average (10.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 9.20% | 10.56% | 0.64x | 1.35x | NT$-6.73 Million |
| 2016 | 15.30% | 16.68% | 0.70x | 1.31x | NT$48.36 Million |
| 2017 | 9.35% | 11.90% | 0.61x | 1.28x | NT$-6.22 Million |
| 2018 | 10.13% | 12.19% | 0.60x | 1.37x | NT$1.31 Million |
| 2019 | 4.95% | 6.23% | 0.58x | 1.37x | NT$-49.76 Million |
| 2020 | 4.04% | 5.27% | 0.58x | 1.32x | NT$-59.01 Million |
| 2021 | 15.22% | 16.38% | 0.70x | 1.33x | NT$58.54 Million |
| 2022 | 18.22% | 18.91% | 0.73x | 1.32x | NT$104.39 Million |
| 2023 | 6.44% | 8.06% | 0.61x | 1.32x | NT$-45.31 Million |
| 2024 | 7.81% | 9.69% | 0.65x | 1.23x | NT$-29.09 Million |
Industry Comparison
This section compares ICP DAS Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $4,087,269,200
- Average return on equity (ROE) among peers: -4.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ICP DAS Co Ltd (3577) | NT$1.31 Billion | 9.20% | 0.28x | $65.54 Million |
| Microelectronics Technology Inc (2314) | $2.46 Billion | -37.09% | 1.51x | $36.51 Million |
| Tecom Co Ltd (2321) | $530.15 Million | -16.22% | 4.00x | $4.22 Million |
| D-Link Corp (2332) | $13.60 Billion | 4.76% | 0.80x | $217.00 Million |
| Accton Technology Corp (2345) | $6.43 Billion | -9.64% | 0.97x | $22.08 Billion |
| Hitron Technologies Inc (2419) | $1.72 Billion | 0.29% | 1.37x | $106.12 Million |
| Abocom Systems Inc (2444) | $1.08 Billion | 1.09% | 1.04x | $38.22 Million |
| Zinwell Corporation (2485) | $6.81 Billion | 0.46% | 0.24x | $175.23 Million |
| Loop Telecommunication International Inc (3025) | $665.75 Million | 0.00% | 0.74x | $77.34 Million |
| Edimax Technology Co Ltd (3047) | $2.57 Billion | 5.51% | 0.79x | $96.92 Million |
| CyberTAN Technology Inc (3062) | $5.01 Billion | 1.39% | 0.48x | $227.43 Million |