AIC Inc (3693) - Net Assets
Based on the latest financial reports, AIC Inc (3693) has net assets worth NT$5.35 Billion TWD (≈ $168.45 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$7.86 Billion ≈ $247.77 Million USD) and total liabilities (NT$2.52 Billion ≈ $79.32 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 allocation strategy of AIC Inc to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$5.35 Billion |
| % of Total Assets | 67.99% |
| Annual Growth Rate | 10.95% |
| 5-Year Change | 211.37% |
| 10-Year Change | 192.53% |
| Growth Volatility | 25.47 |
AIC Inc - Net Assets Trend (2015–2025)
This chart illustrates how AIC Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 3693 market cap overview.
Annual Net Assets for AIC Inc (2015–2025)
The table below shows the annual net assets of AIC Inc from 2015 to 2025. Also explore 3693 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$5.28 Billion ≈ $166.19 Million |
+4.57% |
| 2024-12-31 | NT$5.04 Billion ≈ $158.93 Million |
+79.02% |
| 2023-12-31 | NT$2.82 Billion ≈ $88.78 Million |
+32.64% |
| 2022-12-31 | NT$2.12 Billion ≈ $66.93 Million |
+25.40% |
| 2021-12-31 | NT$1.69 Billion ≈ $53.37 Million |
+5.19% |
| 2020-12-31 | NT$1.61 Billion ≈ $50.74 Million |
+4.78% |
| 2019-12-31 | NT$1.54 Billion ≈ $48.43 Million |
+0.97% |
| 2018-12-31 | NT$1.52 Billion ≈ $47.96 Million |
-0.42% |
| 2017-12-31 | NT$1.53 Billion ≈ $48.17 Million |
-15.21% |
| 2016-12-31 | NT$1.80 Billion ≈ $56.81 Million |
-3.37% |
| 2015-12-31 | NT$1.87 Billion ≈ $58.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to AIC Inc'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 142.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.37 Billion | 45.54% |
| Other Components | NT$2.84 Billion | 54.46% |
| Total Equity | NT$5.21 Billion | 100.00% |
AIC Inc Competitors by Market Cap
The table below lists competitors of AIC Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Xinpeng Industry Co Ltd
SHE:002328
|
$922.67 Million |
|
Shinyoung HappyTomorrow No.5 Special Purpose Acquisition Company
KQ:323280
|
$923.00 Million |
|
Suzhou Shihua New Material Technology Co Ltd
SHG:688093
|
$923.15 Million |
|
Aksa Akrilik Kimya Sanayi AS
IS:AKSA
|
$923.22 Million |
|
Eastman Kodak Co
NYSE:KODK
|
$922.22 Million |
|
Shandong Xinhua Pharmaceutical Co Ltd
SHE:000756
|
$921.67 Million |
|
Hainan Shennong Technology Co Ltd
SHE:300189
|
$921.54 Million |
|
HJ ShipBuilding & Construction Co Ltd
KO:097230
|
$920.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AIC Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,044,601,000 to 5,210,869,000, a change of 166,268,000 (3.3%).
- Net income of 666,179,000 contributed positively to equity growth.
- Dividend payments of 472,898,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$666.18 Million | +12.78% |
| Dividends Paid | NT$472.90 Million | -9.08% |
| Other Changes | NT$-27.01 Million | -0.52% |
| Total Change | NT$- | 3.30% |
Book Value vs Market Value Analysis
This analysis compares AIC Inc'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: 5.62x
- 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 17.15x to 5.62x 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$39.70 | NT$681.00 | x |
| 2018-12-31 | NT$39.55 | NT$681.00 | x |
| 2019-12-31 | NT$39.94 | NT$681.00 | x |
| 2020-12-31 | NT$41.78 | NT$681.00 | x |
| 2021-12-31 | NT$43.77 | NT$681.00 | x |
| 2022-12-31 | NT$54.34 | NT$681.00 | x |
| 2023-12-31 | NT$72.43 | NT$681.00 | x |
| 2024-12-31 | NT$117.34 | NT$681.00 | x |
| 2025-12-31 | NT$121.21 | NT$681.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AIC Inc 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): 12.78%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.86%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 1.49x
- Recent ROE (12.78%) is above the historical average (10.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 18.20% | 6.77% | 1.66x | 1.62x | NT$152.99 Million |
| 2016 | 7.36% | 3.90% | 1.14x | 1.65x | NT$-47.64 Million |
| 2017 | -9.28% | -5.42% | 0.96x | 1.79x | NT$-294.81 Million |
| 2018 | -0.53% | -0.28% | 1.05x | 1.79x | NT$-160.34 Million |
| 2019 | 1.60% | 0.65% | 1.39x | 1.77x | NT$-129.11 Million |
| 2020 | 5.11% | 2.75% | 1.03x | 1.80x | NT$-78.68 Million |
| 2021 | 6.99% | 3.43% | 1.09x | 1.86x | NT$-50.98 Million |
| 2022 | 21.44% | 8.27% | 1.08x | 2.41x | NT$242.94 Million |
| 2023 | 32.92% | 10.55% | 1.28x | 2.45x | NT$645.97 Million |
| 2024 | 21.54% | 12.73% | 1.06x | 1.59x | NT$582.15 Million |
| 2025 | 12.78% | 8.86% | 0.97x | 1.49x | NT$145.09 Million |
Industry Comparison
This section compares AIC Inc's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $37,429,533,200
- Average return on equity (ROE) among peers: 6.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AIC Inc (3693) | NT$5.35 Billion | 18.20% | 0.47x | $922.38 Million |
| Solytech Enterprise Corp (1471) | $2.65 Billion | 1.18% | 0.39x | $44.07 Million |
| Lite-On Technology Corp (2301) | $81.99 Billion | 17.26% | 1.44x | $19.81 Billion |
| Microtek International Inc (2305) | $1.49 Billion | 0.00% | 0.37x | $315.52 Million |
| Kinpo Electronics Inc (2312) | $16.70 Billion | 10.67% | 1.43x | $1.47 Billion |
| CMC Magnetics Corp (2323) | $19.32 Billion | 0.57% | 0.28x | $362.08 Million |
| Compal Electronics Inc (2324) | $85.94 Billion | 18.52% | 1.48x | $5.01 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.47 Billion | 4.85% | 1.74x | $330.15 Million |
| Ritek Corp (2349) | $42.96 Billion | 0.06% | 0.67x | $222.92 Million |
| Qisda Corp (2352) | $47.28 Billion | 0.00% | 2.52x | $1.45 Billion |
| Acer Inc (2353) | $64.49 Billion | 11.27% | 0.82x | $3.03 Billion |
About AIC Inc
AIC Inc. provides OEM/ODM, commercial off-the-shelf, and server and storage solutions in Taiwan and internationally. The company offers intel and AMD server boards; rackmount, multi-node, GPU, and edge servers; storage servers, just a bunch of disks, JBOX products, high availability servers, and just a bunch of NVMe flash products; industrial PC and server chassis products; accessories, such as c… Read more