Trigold Holdings Ltd (3709) - Net Assets
Based on the latest financial reports, Trigold Holdings Ltd (3709) has net assets worth NT$3.12 Billion TWD (≈ $98.19 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$14.06 Billion ≈ $443.12 Million USD) and total liabilities (NT$10.95 Billion ≈ $344.93 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 tangible net worth ratio of Trigold Holdings Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.12 Billion |
| % of Total Assets | 22.16% |
| Annual Growth Rate | 7.44% |
| 5-Year Change | 81.03% |
| 10-Year Change | 106.39% |
| Growth Volatility | 17.32 |
Trigold Holdings Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Trigold Holdings Ltd's net assets have evolved over time, based on quarterly financial data. See 3709 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Trigold Holdings Ltd (2014–2024)
The table below shows the annual net assets of Trigold Holdings Ltd from 2014 to 2024. For live valuation and market cap data, see Trigold Holdings Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.31 Billion ≈ $72.82 Million |
+10.58% |
| 2023-12-31 | NT$2.09 Billion ≈ $65.86 Million |
-0.01% |
| 2022-12-31 | NT$2.09 Billion ≈ $65.86 Million |
+4.07% |
| 2021-12-31 | NT$2.01 Billion ≈ $63.29 Million |
+57.33% |
| 2020-12-31 | NT$1.28 Billion ≈ $40.23 Million |
+9.85% |
| 2019-12-31 | NT$1.16 Billion ≈ $36.62 Million |
+5.70% |
| 2018-12-31 | NT$1.10 Billion ≈ $34.64 Million |
-6.24% |
| 2017-12-31 | NT$1.17 Billion ≈ $36.95 Million |
+10.98% |
| 2016-12-31 | NT$1.06 Billion ≈ $33.29 Million |
-5.65% |
| 2015-12-31 | NT$1.12 Billion ≈ $35.28 Million |
-0.71% |
| 2014-12-31 | NT$1.13 Billion ≈ $35.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Trigold Holdings 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 1596.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$663.47 Million | 28.36% |
| Other Components | NT$1.68 Billion | 71.64% |
| Total Equity | NT$2.34 Billion | 100.00% |
Trigold Holdings Ltd Competitors by Market Cap
The table below lists competitors of Trigold Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Monarch Networth Capital Limited
NSE:MONARCH
|
$295.28 Million |
|
Eimskipafélag Íslands hf
IC:EIM
|
$295.34 Million |
|
LINAS AGRO GROUP EO 029
F:YG4
|
$295.40 Million |
|
Qingyan Environmental Technology Co. Ltd.
SHE:301288
|
$295.40 Million |
|
Nongshim Holdi
KO:072710
|
$295.12 Million |
|
NervGen Pharma Corp
V:NGEN
|
$295.10 Million |
|
NACCO Industries Inc
NYSE:NC
|
$295.05 Million |
|
STEICO SE
XETRA:ST5
|
$295.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trigold Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,106,559,000 to 2,339,605,000, a change of 233,046,000 (11.1%).
- Net income of 244,602,000 contributed positively to equity growth.
- Dividend payments of 80,456,000 reduced retained earnings.
- Other factors increased equity by 68,900,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$244.60 Million | +10.45% |
| Dividends Paid | NT$80.46 Million | -3.44% |
| Other Changes | NT$68.90 Million | +2.94% |
| Total Change | NT$- | 11.06% |
Book Value vs Market Value Analysis
This analysis compares Trigold Holdings 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: 3.31x
- 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 5.34x to 3.31x 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$13.96 | NT$74.60 | x |
| 2018-12-31 | NT$13.82 | NT$74.60 | x |
| 2019-12-31 | NT$14.52 | NT$74.60 | x |
| 2020-12-31 | NT$15.27 | NT$74.60 | x |
| 2021-12-31 | NT$23.25 | NT$74.60 | x |
| 2022-12-31 | NT$20.82 | NT$74.60 | x |
| 2023-12-31 | NT$20.94 | NT$74.60 | x |
| 2024-12-31 | NT$22.54 | NT$74.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trigold Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.86%
- • Asset Turnover: 1.87x
- • Equity Multiplier: 6.50x
- Recent ROE (10.45%) is above the historical average (8.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 3.40% | 0.34% | 4.14x | 2.44x | NT$-70.22 Million |
| 2015 | 2.69% | 0.23% | 4.32x | 2.68x | NT$-76.65 Million |
| 2016 | 5.54% | 0.72% | 3.20x | 2.40x | NT$-47.17 Million |
| 2017 | 2.27% | 0.73% | 1.11x | 2.80x | NT$-85.89 Million |
| 2018 | 8.45% | 0.70% | 2.41x | 5.02x | NT$-17.01 Million |
| 2019 | 12.52% | 0.80% | 2.65x | 5.92x | NT$29.13 Million |
| 2020 | 16.63% | 1.13% | 3.83x | 3.83x | NT$84.69 Million |
| 2021 | 19.58% | 2.08% | 2.88x | 3.26x | NT$191.81 Million |
| 2022 | 8.91% | 0.92% | 2.55x | 3.82x | NT$-22.87 Million |
| 2023 | 6.41% | 0.63% | 2.76x | 3.67x | NT$-75.62 Million |
| 2024 | 10.45% | 0.86% | 1.87x | 6.50x | NT$10.64 Million |
Industry Comparison
This section compares Trigold Holdings Ltd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $11,159,743,900
- Average return on equity (ROE) among peers: 11.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trigold Holdings Ltd (3709) | NT$3.12 Billion | 3.40% | 3.51x | $295.13 Million |
| China Wire & Cable Co Ltd (1603) | $2.97 Billion | 5.87% | 1.87x | $158.89 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $4.81 Billion | 5.96% | 0.12x | $254.37 Million |
| Synnex Technology International Corp (2347) | $27.80 Billion | 11.84% | 1.27x | $4.86 Billion |
| Foxconn Technology Co Ltd (2354) | $49.32 Billion | 18.34% | 1.03x | $2.56 Billion |
| Senao International Co Ltd (2450) | $6.13 Billion | 23.32% | 0.72x | $236.36 Million |
| Wah Lee Industrial Corp (3010) | $13.28 Billion | 10.66% | 1.59x | $1.06 Billion |
| Weikeng Industrial Co Ltd (3033) | $3.74 Billion | 19.19% | 2.14x | $743.69 Million |
| Edom Technology Co Ltd (3048) | $2.25 Billion | 14.51% | 1.96x | $617.18 Million |
| MetaTech AP (3224) | $599.51 Million | 0.87% | 0.30x | $93.42 Million |
| Sentronic International (3232) | $702.21 Million | 2.09% | 0.68x | $33.82 Million |
About Trigold Holdings Ltd
Trigold Holdings Limited, through its subsidiaries, engages in the agency and distribution of computer peripheral equipment and electronic components in Taiwan and China. The company engages in the B2C and O2O businesses; and operates indoor playground for kids. The company was founded in 1988 and is headquartered in Taipei, Taiwan. Trigold Holdings Limited is a subsidiary of WPG Holdings Limited.