ThinTech Materials Technology Co Ltd
ThinTech Materials Technology Co., Ltd. designs, manufactures, and sells alloys and optoelectronics materials in Taiwan and internationally. The company offers sputtering targets for flat panel display planar, optical data storage, decorative and functional coating, passive component, optical element, semi-conductive, flat panel display rotary, and nickel alloy c-hook for coil wire pickling; and … Read more
ThinTech Materials Technology Co Ltd (3663) - Net Assets
Latest net assets as of June 2025: NT$2.15 Billion TWD
Based on the latest financial reports, ThinTech Materials Technology Co Ltd (3663) has net assets worth NT$2.15 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$3.99 Billion) and total liabilities (NT$1.83 Billion). 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$2.15 Billion |
| % of Total Assets | 54.02% |
| Annual Growth Rate | 11.31% |
| 5-Year Change | 103.03% |
| 10-Year Change | N/A |
| Growth Volatility | 33.7 |
ThinTech Materials Technology Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how ThinTech Materials Technology 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 ThinTech Materials Technology Co Ltd (2017–2024)
The table below shows the annual net assets of ThinTech Materials Technology Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.36 Billion | +97.19% |
| 2023-12-31 | NT$1.20 Billion | +0.12% |
| 2022-12-31 | NT$1.19 Billion | +1.95% |
| 2021-12-31 | NT$1.17 Billion | +0.87% |
| 2020-12-31 | NT$1.16 Billion | -2.10% |
| 2019-12-31 | NT$1.19 Billion | +7.55% |
| 2018-12-31 | NT$1.10 Billion | -0.93% |
| 2017-12-31 | NT$1.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ThinTech Materials Technology 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 104.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$66.37 Million | 3.61% |
| Other Components | NT$1.77 Billion | 96.39% |
| Total Equity | NT$1.84 Billion | 100.00% |
ThinTech Materials Technology Co Ltd Competitors by Market Cap
The table below lists competitors of ThinTech Materials Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ABOV Semiconductor Co. Ltd
KQ:102120
|
$100.94 Million |
|
Hamilton Beach Brands Holding Co Class A
NYSE:HBB
|
$100.94 Million |
|
Siward Crystal Technology Co Ltd
TW:2484
|
$100.94 Million |
|
HIL Limited
NSE:HIL
|
$100.98 Million |
|
Viking Tech
TWO:3624
|
$100.87 Million |
|
Ashiana Housing Limited
NSE:ASHIANA
|
$100.86 Million |
|
Biomm S.A
SA:BIOM3
|
$100.83 Million |
|
Huayang Intelligent Co Ltd
SHE:301502
|
$100.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ThinTech Materials Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,195,654,000 to 1,837,192,000, a change of 641,538,000 (53.7%).
- Net income of 49,785,000 contributed positively to equity growth.
- Dividend payments of 44,101,000 reduced retained earnings.
- Other factors increased equity by 635,854,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$49.78 Million | +2.71% |
| Dividends Paid | NT$44.10 Million | -2.4% |
| Other Changes | NT$635.85 Million | +34.61% |
| Total Change | NT$- | 53.66% |
Book Value vs Market Value Analysis
This analysis compares ThinTech Materials Technology 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: 4.34x
- 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 4.90x to 4.34x 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$15.10 | NT$74.00 | x |
| 2018-12-31 | NT$15.01 | NT$74.00 | x |
| 2019-12-31 | NT$16.14 | NT$74.00 | x |
| 2020-12-31 | NT$15.80 | NT$74.00 | x |
| 2021-12-31 | NT$15.94 | NT$74.00 | x |
| 2022-12-31 | NT$16.25 | NT$74.00 | x |
| 2023-12-31 | NT$16.27 | NT$74.00 | x |
| 2024-12-31 | NT$17.05 | NT$74.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ThinTech Materials Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.95%
- • Asset Turnover: 1.23x
- • Equity Multiplier: 2.33x
- Recent ROE (2.71%) is below the historical average (4.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.42% | 1.03% | 2.07x | 1.14x | NT$-84.08 Million |
| 2018 | 3.94% | 1.83% | 1.49x | 1.44x | NT$-66.82 Million |
| 2019 | 10.03% | 5.55% | 1.26x | 1.43x | NT$302.40K |
| 2020 | 4.08% | 1.97% | 1.36x | 1.52x | NT$-68.80 Million |
| 2021 | 6.00% | 2.34% | 1.78x | 1.44x | NT$-46.82 Million |
| 2022 | 6.87% | 3.24% | 1.38x | 1.53x | NT$-37.42 Million |
| 2023 | 3.31% | 0.67% | 3.23x | 1.53x | NT$-80.00 Million |
| 2024 | 2.71% | 0.95% | 1.23x | 2.33x | NT$-133.93 Million |
Industry Comparison
This section compares ThinTech Materials Technology Co Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $3,188,127,500
- Average return on equity (ROE) among peers: 3.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ThinTech Materials Technology Co Ltd (3663) | NT$2.15 Billion | 2.42% | 0.85x | $100.90 Million |
| Sun Rise E&T Corporation (1343) | $412.47 Million | 0.73% | 0.69x | $22.15 Million |
| Lee Chi Enterprises Co Ltd (1517) | $2.41 Billion | 6.15% | 0.28x | $48.28 Million |
| China Metal Products Co Ltd (1532) | $3.84 Billion | 19.44% | 3.50x | $161.98 Million |
| Bin Chuan Enterprise Co Ltd (1569) | $3.24 Billion | 12.17% | 1.18x | $144.71 Million |
| China Fineblanking Technology Co Ltd (1586) | $1.54 Billion | 2.80% | 1.77x | $49.06 Million |
| Yeong Guan Energy Technology Group Co Ltd (1589) | $2.60 Billion | 3.01% | 1.48x | $15.38 Million |
| Solar Applied Materials Technology (1785) | $12.99 Billion | 8.35% | 1.04x | $1.07 Billion |
| Chia Yi Steel Co Ltd (2067) | $296.62 Million | -41.63% | 5.31x | $4.93 Million |
| CX Technology Corp (2415) | $1.78 Billion | 10.39% | 1.04x | $47.22 Million |
| Catcher Technology Co Ltd (2474) | $2.77 Billion | 10.99% | 0.15x | $2.91 Billion |