Viking Tech (3624) - Net Assets
Based on the latest financial reports, Viking Tech (3624) has net assets worth NT$3.49 Billion TWD (≈ $109.94 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$4.10 Billion ≈ $129.05 Million USD) and total liabilities (NT$606.74 Million ≈ $19.12 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 asset resilience ratio of Viking Tech to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.49 Billion |
| % of Total Assets | 85.19% |
| Annual Growth Rate | 5.27% |
| 5-Year Change | 16.24% |
| 10-Year Change | N/A |
| Growth Volatility | 5.33 |
Viking Tech - Net Assets Trend (2017–2025)
This chart illustrates how Viking Tech's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Viking Tech for the complete picture of this company's asset base.
Annual Net Assets for Viking Tech (2017–2025)
The table below shows the annual net assets of Viking Tech from 2017 to 2025. For live valuation and market cap data, see 3624 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.49 Billion ≈ $109.94 Million |
+2.32% |
| 2024-12-31 | NT$3.41 Billion ≈ $107.44 Million |
+3.63% |
| 2023-12-31 | NT$3.29 Billion ≈ $103.68 Million |
-1.47% |
| 2022-12-31 | NT$3.34 Billion ≈ $105.22 Million |
+11.25% |
| 2021-12-31 | NT$3.00 Billion ≈ $94.58 Million |
+14.64% |
| 2020-12-31 | NT$2.62 Billion ≈ $82.51 Million |
+3.60% |
| 2019-12-31 | NT$2.53 Billion ≈ $79.64 Million |
-0.05% |
| 2018-12-31 | NT$2.53 Billion ≈ $79.68 Million |
+9.31% |
| 2017-12-31 | NT$2.31 Billion ≈ $72.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Viking Tech'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 190.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.19 Billion | 34.38% |
| Other Components | NT$2.27 Billion | 65.62% |
| Total Equity | NT$3.47 Billion | 100.00% |
Viking Tech Competitors by Market Cap
The table below lists competitors of Viking Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Torque Metals Ltd
AU:TOR
|
$187.84 Million |
|
Real Asset Acquisition Corp.
NASDAQ:RAAQ
|
$187.85 Million |
|
Hostelworld Group PLC
IR:HSW
|
$187.92 Million |
|
Shinsegae I&C
KO:035510
|
$187.97 Million |
|
Emilia Devel
TA:EMDV
|
$187.77 Million |
|
Hoegh LNG Partners LP
OL:HLNG
|
$187.76 Million |
|
Alarko Carrier Sanayi ve Ticaret AS
IS:ALCAR
|
$187.71 Million |
|
Media Nusantara Citra Tbk PT
JK:MNCN
|
$187.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Viking Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,389,767,000 to 3,466,177,000, a change of 76,410,000 (2.3%).
- Net income of 218,179,000 contributed positively to equity growth.
- Dividend payments of 144,329,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$218.18 Million | +6.29% |
| Dividends Paid | NT$144.33 Million | -4.16% |
| Other Changes | NT$2.56 Million | +0.07% |
| Total Change | NT$- | 2.25% |
Book Value vs Market Value Analysis
This analysis compares Viking Tech'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: 1.72x
- 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 2.58x to 1.72x 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$19.69 | NT$50.80 | x |
| 2018-12-31 | NT$21.51 | NT$50.80 | x |
| 2019-12-31 | NT$21.50 | NT$50.80 | x |
| 2020-12-31 | NT$22.09 | NT$50.80 | x |
| 2021-12-31 | NT$25.28 | NT$50.80 | x |
| 2022-12-31 | NT$27.77 | NT$50.80 | x |
| 2023-12-31 | NT$27.70 | NT$50.80 | x |
| 2024-12-31 | NT$28.89 | NT$50.80 | x |
| 2025-12-31 | NT$29.54 | NT$50.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Viking Tech utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.16%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.18x
- Recent ROE (6.29%) is below the historical average (9.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.78% | 4.73% | 0.61x | 1.31x | NT$-143.74 Million |
| 2018 | 10.95% | 10.41% | 0.79x | 1.33x | NT$23.94 Million |
| 2019 | 5.70% | 6.70% | 0.69x | 1.23x | NT$-108.54 Million |
| 2020 | 6.47% | 7.95% | 0.66x | 1.23x | NT$-92.13 Million |
| 2021 | 15.87% | 15.28% | 0.78x | 1.33x | NT$175.54 Million |
| 2022 | 17.62% | 18.52% | 0.77x | 1.23x | NT$253.13 Million |
| 2023 | 8.00% | 10.25% | 0.66x | 1.18x | NT$-65.58 Million |
| 2024 | 7.14% | 9.38% | 0.65x | 1.17x | NT$-96.86 Million |
| 2025 | 6.29% | 8.16% | 0.65x | 1.18x | NT$-128.44 Million |
Industry Comparison
This section compares Viking Tech's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $180,200,345,300
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Viking Tech (3624) | NT$3.49 Billion | 3.78% | 0.17x | $187.80 Million |
| Syncmold Enterprise Corp (1582) | $184.49 Million | 15.30% | 0.73x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $6.49 Billion | 0.00% | 1.01x | $1.78 Billion |
| Delta Electronics Inc (2308) | $33.12 Billion | 20.11% | 0.96x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.84 Billion | 0.00% | 1.12x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.69 Trillion | 8.40% | 1.33x | $96.56 Billion |
| Yageo Corp (2327) | $27.35 Billion | 2.10% | 0.67x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $5.49 Billion | 6.90% | 0.48x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.10 Billion | 9.66% | 0.65x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.90 Billion | 3.31% | 0.21x | $642.50 Million |
About Viking Tech
Viking Tech Corporation designs, manufactures, and markets electronic components in Taiwan and internationally. The company offers resistors, inductors, capacitors, supercapacitors, and NTC thermistors. Its products are used in medical, automotive, industrial, communication, energy, power management, SMD inductor, and chip resistor sectors. The company was incorporated in 1997 and is headquartere… Read more