Fine Blanking & Tool Co Ltd (4535) - Net Assets
Based on the latest financial reports, Fine Blanking & Tool Co Ltd (4535) has net assets worth NT$2.73 Billion TWD (≈ $86.00 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$3.06 Billion ≈ $96.28 Million USD) and total liabilities (NT$326.44 Million ≈ $10.28 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 4535 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.73 Billion |
| % of Total Assets | 89.32% |
| Annual Growth Rate | 1.79% |
| 5-Year Change | 18.52% |
| 10-Year Change | N/A |
| Growth Volatility | 3.46 |
Fine Blanking & Tool Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Fine Blanking & Tool Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 4535 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Fine Blanking & Tool Co Ltd (2017–2024)
The table below shows the annual net assets of Fine Blanking & Tool Co Ltd from 2017 to 2024. For live valuation and market cap data, see Fine Blanking & Tool Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.89 Billion ≈ $91.09 Million |
+3.88% |
| 2023-12-31 | NT$2.78 Billion ≈ $87.69 Million |
+0.59% |
| 2022-12-31 | NT$2.77 Billion ≈ $87.17 Million |
+6.78% |
| 2021-12-31 | NT$2.59 Billion ≈ $81.64 Million |
+6.23% |
| 2020-12-31 | NT$2.44 Billion ≈ $76.86 Million |
-0.73% |
| 2019-12-31 | NT$2.46 Billion ≈ $77.42 Million |
-1.80% |
| 2018-12-31 | NT$2.50 Billion ≈ $78.83 Million |
-1.98% |
| 2017-12-31 | NT$2.55 Billion ≈ $80.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fine Blanking & Tool 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 decreased by 21.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.11 Billion | 43.81% |
| Other Components | NT$1.43 Billion | 56.19% |
| Total Equity | NT$2.54 Billion | 100.00% |
Fine Blanking & Tool Co Ltd Competitors by Market Cap
The table below lists competitors of Fine Blanking & Tool Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ariadne Australia Ltd
AU:ARA
|
$66.00 Million |
|
Rayence Co. Ltd
KQ:228850
|
$66.01 Million |
|
eMedia Holdings Limited
JSE:EMN
|
$66.08 Million |
|
Insung Information Co. Ltd
KQ:033230
|
$66.08 Million |
|
Trivago NV
NASDAQ:TRVG
|
$65.90 Million |
|
Shanghai Phoenix Enterprise Group Co Ltd B
SHG:900916
|
$65.89 Million |
|
Sigong Tech Co. Ltd
KQ:020710
|
$65.89 Million |
|
LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG
XETRA:ECK
|
$65.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fine Blanking & Tool Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,455,865,000 to 2,541,183,000, a change of 85,318,000 (3.5%).
- Net income of 185,076,000 contributed positively to equity growth.
- Dividend payments of 207,167,000 reduced retained earnings.
- Other factors increased equity by 107,409,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$185.08 Million | +7.28% |
| Dividends Paid | NT$207.17 Million | -8.15% |
| Other Changes | NT$107.41 Million | +4.23% |
| Total Change | NT$- | 3.47% |
Book Value vs Market Value Analysis
This analysis compares Fine Blanking & Tool 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: 0.82x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$30.33 | NT$27.65 | x |
| 2018-12-31 | NT$29.44 | NT$27.65 | x |
| 2019-12-31 | NT$28.78 | NT$27.65 | x |
| 2020-12-31 | NT$28.99 | NT$27.65 | x |
| 2021-12-31 | NT$30.61 | NT$27.65 | x |
| 2022-12-31 | NT$32.26 | NT$27.65 | x |
| 2023-12-31 | NT$32.46 | NT$27.65 | x |
| 2024-12-31 | NT$33.59 | NT$27.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fine Blanking & Tool Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.28%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.36%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.32x
- Recent ROE (7.28%) is above the historical average (6.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.84% | 7.15% | 1.01x | 1.37x | NT$-3.71 Million |
| 2018 | 4.36% | 3.37% | 0.99x | 1.30x | NT$-125.58 Million |
| 2019 | 2.54% | 2.36% | 0.82x | 1.30x | NT$-162.38 Million |
| 2020 | 4.70% | 4.88% | 0.73x | 1.32x | NT$-116.26 Million |
| 2021 | 7.82% | 6.55% | 0.89x | 1.34x | NT$-50.41 Million |
| 2022 | 8.74% | 6.79% | 0.95x | 1.36x | NT$-30.69 Million |
| 2023 | 7.39% | 6.34% | 0.87x | 1.33x | NT$-64.16 Million |
| 2024 | 7.28% | 6.36% | 0.87x | 1.32x | NT$-69.04 Million |
Industry Comparison
This section compares Fine Blanking & Tool Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,652,066,900
- Average return on equity (ROE) among peers: -0.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fine Blanking & Tool Co Ltd (4535) | NT$2.73 Billion | 9.84% | 0.12x | $65.91 Million |
| Tong Yang Industry Co Ltd (1319) | $22.36 Billion | 3.67% | 0.59x | $1.39 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.63 Billion | 11.82% | 0.50x | $33.99 Million |
| Hiroca Holdings Ltd (1338) | $6.66 Billion | 6.02% | 0.52x | $41.60 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.82 Billion | 10.71% | 0.45x | $95.75 Million |
| Right Way Industrial Co Ltd (1506) | $1.35 Billion | 2.60% | 1.04x | $102.21 Million |
| Jui Li Enterprise Co Ltd (1512) | $184.74 Million | -69.38% | 11.01x | $23.14 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.73 Billion | 4.76% | 0.96x | $59.68 Million |
| TYC Brother Industrial Co Ltd (1522) | $3.16 Billion | 2.70% | 1.35x | $304.19 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.53 Billion | 13.32% | 1.15x | $146.61 Million |
| Kian Shen Corp (1525) | $3.11 Billion | 10.29% | 0.23x | $146.38 Million |
About Fine Blanking & Tool Co Ltd
Fine Blanking & Tool Co., Ltd manufactures and trades automobiles, motorcycle parts, and various molds in Taiwan. Its primary products include precision stamping products, motorcycles and bicycles disc brakes, car seat recliners, car hand brake parts, car safety shackles, and automobile and motorcycle seats. It also provides tubes, seat belt reels, tongues, recliner, tappet and shims, frames for … Read more