Horng Tong Enterprise Co., Ltd.
Horng Tong Enterprise Co., Ltd. engages in the research and development, design, manufacture, and sale of electronic connectors in Taiwan. It offers connectors for mother boards, notebooks, and networks/antennas/RJs; and photoelectric products, such as AMOLED materials and cameras; car electronics, including DVRs and AVMs, car chargers, wireless chargers, AVN and ADAS products, dash cam-mirrors, … Read more
Horng Tong Enterprise Co., Ltd. (5271) - Net Assets
Latest net assets as of June 2025: NT$366.78 Million TWD
Based on the latest financial reports, Horng Tong Enterprise Co., Ltd. (5271) has net assets worth NT$366.78 Million 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$1.03 Billion) and total liabilities (NT$667.68 Million). 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$366.78 Million |
| % of Total Assets | 35.46% |
| Annual Growth Rate | 2.4% |
| 5-Year Change | -9.53% |
| 10-Year Change | N/A |
| Growth Volatility | 15.05 |
Horng Tong Enterprise Co., Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Horng Tong Enterprise 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 Horng Tong Enterprise Co., Ltd. (2019–2024)
The table below shows the annual net assets of Horng Tong Enterprise Co., Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$400.83 Million | +13.20% |
| 2023-12-31 | NT$354.10 Million | +6.21% |
| 2022-12-31 | NT$333.41 Million | -8.82% |
| 2021-12-31 | NT$365.65 Million | -17.47% |
| 2020-12-31 | NT$443.07 Million | +24.47% |
| 2019-12-31 | NT$355.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Horng Tong Enterprise 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 4062.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$634.72 Million | 156.95% |
| Total Equity | NT$404.42 Million | 100.00% |
Horng Tong Enterprise Co., Ltd. Competitors by Market Cap
The table below lists competitors of Horng Tong Enterprise Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LIVEWIRE GROUP DL-0001
F:P9N
|
$15.97 Million |
|
QC Copper and Gold Inc
OTCQB:QCCUF
|
$15.97 Million |
|
Hidropar Hareket Kontrol Teknolojileri Merkezi Sanayi ve Ticaret A.S.
IS:HKTM
|
$15.97 Million |
|
Gome Telecom Equipment Co Ltd
SHG:600898
|
$15.98 Million |
|
Actia Group
PA:ALATI
|
$15.96 Million |
|
Chemcon Speciality Chemicals Limited
NSE:CHEMCON
|
$15.95 Million |
|
KB Autosys Co. Ltd
KQ:024120
|
$15.95 Million |
|
Formula
TA:FORTY
|
$15.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Horng Tong Enterprise Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 357,562,000 to 404,415,000, a change of 46,853,000 (13.1%).
- Net loss of 76,024,000 reduced equity.
- New share issuances of 126,000,000 increased equity.
- Other comprehensive income increased equity by 28,926,000.
- Other factors decreased equity by 32,049,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-76.02 Million | -18.8% |
| Share Issuances | NT$126.00 Million | +31.16% |
| Other Comprehensive Income | NT$28.93 Million | +7.15% |
| Other Changes | NT$-32.05 Million | -7.92% |
| Total Change | NT$- | 13.10% |
Book Value vs Market Value Analysis
This analysis compares Horng Tong Enterprise 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: 2.09x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.51x to 2.09x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$9.49 | NT$14.35 | x |
| 2020-12-31 | NT$9.56 | NT$14.35 | x |
| 2021-12-31 | NT$7.45 | NT$14.35 | x |
| 2022-12-31 | NT$6.98 | NT$14.35 | x |
| 2023-12-31 | NT$8.80 | NT$14.35 | x |
| 2024-12-31 | NT$6.87 | NT$14.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Horng Tong Enterprise Co., Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -18.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.71%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.71x
- Recent ROE (-18.80%) is below the historical average (-11.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 1.48% | 0.74% | 0.81x | 2.48x | NT$-30.61 Million |
| 2020 | 0.74% | 0.43% | 0.69x | 2.52x | NT$-41.34 Million |
| 2021 | -20.80% | -11.69% | 0.66x | 2.69x | NT$-113.68 Million |
| 2022 | -16.89% | -11.28% | 0.54x | 2.79x | NT$-90.61 Million |
| 2023 | -15.52% | -9.65% | 0.51x | 3.17x | NT$-91.26 Million |
| 2024 | -18.80% | -12.71% | 0.55x | 2.71x | NT$-116.47 Million |
Industry Comparison
This section compares Horng Tong Enterprise Co., Ltd.'s net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $43,365,135,900
- Average return on equity (ROE) among peers: 2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Horng Tong Enterprise Co., Ltd. (5271) | NT$366.78 Million | 1.48% | 1.82x | $15.96 Million |
| Solytech Enterprise Corp (1471) | $1.73 Billion | 0.00% | 1.00x | $49.10 Million |
| Lite-On Technology Corp (2301) | $74.58 Billion | 5.93% | 1.28x | $9.62 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $18.55 Million |
| Kinpo Electronics Inc (2312) | $25.86 Billion | 0.85% | 3.17x | $896.54 Million |
| CMC Magnetics Corp (2323) | $37.52 Billion | 11.36% | 0.54x | $302.78 Million |
| Compal Electronics Inc (2324) | $112.28 Billion | 7.24% | 2.09x | $3.88 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.76 Billion | 1.89% | 0.86x | $204.97 Million |
| Ritek Corp (2349) | $11.17 Billion | -23.02% | 0.88x | $261.22 Million |
| Qisda Corp (2352) | $47.28 Billion | 0.00% | 2.52x | $839.54 Million |
| Asustek Computer Inc (2357) | $109.25 Billion | 16.75% | 1.03x | $11.74 Billion |