OFCO Industrial
OFCO Industrial Corporation engages in the manufacture and sale of fastener products in Taiwan. Its products include screws, bolts, bolts, and structural applications. OFCO Industrial Corporation was formerly known as Oriental Fastener Industry LTD. and changed its name to OFCO Industrial Corporation in January 2004. The company was founded in 1984 and is based in Kaohsiung, Taiwan.
OFCO Industrial (5011) - Net Assets
Latest net assets as of September 2025: NT$2.30 Billion TWD
Based on the latest financial reports, OFCO Industrial (5011) has net assets worth NT$2.30 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.79 Billion) and total liabilities (NT$3.49 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$2.30 Billion |
| % of Total Assets | 39.69% |
| Annual Growth Rate | 25.76% |
| 5-Year Change | 294.39% |
| 10-Year Change | N/A |
| Growth Volatility | 90.48 |
OFCO Industrial - Net Assets Trend (2017–2024)
This chart illustrates how OFCO Industrial's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for OFCO Industrial (2017–2024)
The table below shows the annual net assets of OFCO Industrial from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.60 Billion | -0.47% |
| 2023-12-31 | NT$2.61 Billion | -0.04% |
| 2022-12-31 | NT$2.62 Billion | +28.27% |
| 2021-12-31 | NT$2.04 Billion | +209.06% |
| 2020-12-31 | NT$659.73 Million | -56.93% |
| 2019-12-31 | NT$1.53 Billion | +166.02% |
| 2018-12-31 | NT$575.85 Million | +10.10% |
| 2017-12-31 | NT$523.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to OFCO Industrial'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 585.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$35.69 Million | 1.62% |
| Other Components | NT$2.17 Billion | 98.38% |
| Total Equity | NT$2.21 Billion | 100.00% |
OFCO Industrial Competitors by Market Cap
The table below lists competitors of OFCO Industrial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Luxury Real Estate Investment Fund
BK:LUXF
|
$33.80 Million |
|
Vection Technologies Ltd
AU:VR1
|
$33.82 Million |
|
Hansol Csn
KO:009180
|
$33.82 Million |
|
Stronghold Digital Mining Inc
NASDAQ:SDIG
|
$33.83 Million |
|
Metro Performance Glass Ltd
AU:MPP
|
$33.80 Million |
|
Sunny Elec
KO:004770
|
$33.79 Million |
|
Land and Houses Freehold and Leasehold Property Fund
BK:LHPF
|
$33.78 Million |
|
Chinese Gamer International
TWO:3083
|
$33.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in OFCO Industrial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,319,413,000 to 2,208,235,000, a change of -111,178,000 (-4.8%).
- Net loss of 36,012,000 reduced equity.
- Dividend payments of 100,510,000 reduced retained earnings.
- New share issuances of 5,960,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-36.01 Million | -1.63% |
| Dividends Paid | NT$100.51 Million | -4.55% |
| Share Issuances | NT$5.96 Million | +0.27% |
| Other Changes | NT$19.38 Million | +0.88% |
| Total Change | NT$- | -4.79% |
Book Value vs Market Value Analysis
This analysis compares OFCO Industrial'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: 0.65x
- 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.
- The price-to-book ratio has decreased from 1.17x to 0.65x 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$12.19 | NT$14.30 | x |
| 2018-12-31 | NT$13.42 | NT$14.30 | x |
| 2019-12-31 | NT$11.85 | NT$14.30 | x |
| 2020-12-31 | NT$16.03 | NT$14.30 | x |
| 2021-12-31 | NT$24.94 | NT$14.30 | x |
| 2022-12-31 | NT$23.65 | NT$14.30 | x |
| 2023-12-31 | NT$20.40 | NT$14.30 | x |
| 2024-12-31 | NT$21.94 | NT$14.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently OFCO Industrial utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.87%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.57x
- Recent ROE (-1.63%) is below the historical average (1.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -9.18% | -5.38% | 0.82x | 2.09x | NT$-100.30 Million |
| 2018 | 9.39% | 4.39% | 0.83x | 2.57x | NT$-3.49 Million |
| 2019 | -5.88% | -2.61% | 0.72x | 3.15x | NT$-80.77 Million |
| 2020 | -10.31% | -3.72% | 0.86x | 3.22x | NT$-133.63 Million |
| 2021 | 6.93% | 3.45% | 1.03x | 1.94x | NT$-57.59 Million |
| 2022 | 12.17% | 5.90% | 1.16x | 1.79x | NT$50.73 Million |
| 2023 | 6.50% | 3.49% | 0.83x | 2.24x | NT$-81.10 Million |
| 2024 | -1.63% | -0.87% | 0.73x | 2.57x | NT$-256.84 Million |
Industry Comparison
This section compares OFCO Industrial's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $3,425,314,700
- Average return on equity (ROE) among peers: 7.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| OFCO Industrial (5011) | NT$2.30 Billion | -9.18% | 1.52x | $33.80 Million |
| Basso Industry Corp (1527) | $4.69 Billion | 15.81% | 0.15x | $112.50 Million |
| Jenn Feng New Energy Co Ltd (1538) | $314.60 Million | -31.60% | 2.89x | $5.14 Million |
| Chang Type Industrial Co Ltd (1541) | $876.37 Million | -2.60% | 1.04x | $24.94 Million |
| Kinik Co (1560) | $6.09 Billion | 20.48% | 0.57x | $1.40 Billion |
| De Poan Pneumatic (1570) | $693.89 Million | 11.00% | 0.29x | $31.32 Million |
| Inmax Holding Co Ltd (1591) | $393.55 Million | 2.06% | 0.58x | $42.14 Million |
| Tycoons Group Enterprise Co Ltd (2022) | $7.12 Billion | 4.66% | 0.86x | $64.34 Million |
| Hiwin Technologies Corp (2049) | $11.80 Billion | 17.14% | 1.34x | $1.96 Billion |
| Sheh Kai Precision Co Ltd (2063) | $566.73 Million | 22.21% | 0.62x | $22.55 Million |
| Sheh Fung Screws Co Ltd (2065) | $1.71 Billion | 16.18% | 0.72x | $39.62 Million |