ICP DAS Co Ltd (3577) - Net Assets

Latest as of June 2025: NT$1.31 Billion TWD ≈ $41.24 Million USD

Based on the latest financial reports, ICP DAS Co Ltd (3577) has net assets worth NT$1.31 Billion TWD (≈ $41.24 Million USD) 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 ≈ $52.83 Million USD) and total liabilities (NT$367.73 Million ≈ $11.59 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 3577 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.

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. For live market cap and overall valuation, see market value of ICP DAS Co Ltd.

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. Also explore 3577 year-over-year net asset growth to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2024-12-31 NT$1.33 Billion
≈ $41.86 Million		 +4.32%
2023-12-31 NT$1.27 Billion
≈ $40.13 Million		 +0.33%
2022-12-31 NT$1.27 Billion
≈ $40.00 Million		 +13.26%
2021-12-31 NT$1.12 Billion
≈ $35.31 Million		 +13.23%
2020-12-31 NT$989.91 Million
≈ $31.19 Million		 +0.54%
2019-12-31 NT$984.64 Million
≈ $31.02 Million		 +0.69%
2018-12-31 NT$977.84 Million
≈ $30.81 Million		 +2.60%
2017-12-31 NT$953.06 Million
≈ $30.03 Million		 +4.52%
2016-12-31 NT$911.80 Million
≈ $28.73 Million		 +8.81%
2015-12-31 NT$837.98 Million
≈ $26.40 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
Omaxe Limited
NSE:OMAXE
 $238.86 Million
Shanghai Jin Jiang International Hotels Development Co Ltd B
SHG:900934
 $238.99 Million
Acadian Timber Corp
TO:ADN
 $239.11 Million
Webzen Inc
KQ:069080
 $239.15 Million
Niagen Bioscience, Inc.
NASDAQ:NAGE
 $238.62 Million
First Savings Financial Group Inc
NASDAQ:FSFG
 $238.37 Million
Sichuan Dowell Science and Technology Inc
SHE:300535
 $238.35 Million
Activate Energy Acquisition Corp. Class A Ordinary Share
NASDAQ:AEAQ
 $238.34 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: 5.70x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 6.57x to 5.70x 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$118.50 x
2018-12-31 NT$18.50 NT$118.50 x
2019-12-31 NT$18.63 NT$118.50 x
2020-12-31 NT$15.42 NT$118.50 x
2021-12-31 NT$17.40 NT$118.50 x
2022-12-31 NT$19.71 NT$118.50 x
2023-12-31 NT$19.85 NT$118.50 x
2024-12-31 NT$20.77 NT$118.50 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: $5,341,304,700
  • Average return on equity (ROE) among peers: 4.08%

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 $238.81 Million
Microelectronics Technology Inc (2314) $4.24 Billion 20.07% 0.89x $14.85 Million
Tecom Co Ltd (2321) $479.00 Million -7.24% 2.97x $26.06 Million
D-Link Corp (2332) $13.20 Billion 0.47% 0.93x $364.77 Million
Accton Technology Corp (2345) $14.48 Billion 34.86% 1.15x $31.70 Billion
Hitron Technologies Inc (2419) $3.48 Billion 4.27% 1.04x $282.44 Million
Abocom Systems Inc (2444) $1.04 Billion -33.26% 1.90x $39.04 Million
Zinwell Corporation (2485) $6.86 Billion 13.06% 0.38x $393.85 Million
Loop Telecommunication International Inc (3025) $692.58 Million -1.98% 0.69x $91.52 Million
Edimax Technology Co Ltd (3047) $3.36 Billion 7.52% 1.27x $97.42 Million
CyberTAN Technology Inc (3062) $5.58 Billion 2.99% 0.39x $219.14 Million

About ICP DAS Co Ltd

TWO:3577 Taiwan Communication Equipment
Market Cap
$238.81 Million
NT$7.58 Billion TWD
Market Cap Rank
#15953 Global
#727 in Taiwan
Share Price
NT$118.50
Change (1 day)
+4.87%
52-Week Range
NT$57.30 - NT$161.00
All Time High
NT$1499.65
Categories
Companies in Taiwan Communication Equipment Technology AI & Machine Learning
About

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