Vanguard International Semiconductor
Vanguard International Semiconductor Corporation, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices in Taiwan and internationally. The company offers a range of foundry process technologies, including high voltage, ultra-high voltage, bipolar CMOS DMOS, silicon on insulator, discr… Read more
Vanguard International Semiconductor (5347) - Net Assets
Latest net assets as of December 2025: NT$83.59 Billion TWD
Based on the latest financial reports, Vanguard International Semiconductor (5347) has net assets worth NT$83.59 Billion TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$200.47 Billion) and total liabilities (NT$116.88 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$83.59 Billion |
| % of Total Assets | 41.7% |
| Annual Growth Rate | 7.41% |
| 5-Year Change | 137.7% |
| 10-Year Change | 191.26% |
| Growth Volatility | 13.91 |
Vanguard International Semiconductor - Net Assets Trend (2006–2025)
This chart illustrates how Vanguard International Semiconductor's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vanguard International Semiconductor (2006–2025)
The table below shows the annual net assets of Vanguard International Semiconductor from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$83.59 Billion | +21.73% |
| 2024-12-31 | NT$68.67 Billion | +50.21% |
| 2023-12-31 | NT$45.71 Billion | +0.80% |
| 2022-12-31 | NT$45.35 Billion | +28.96% |
| 2021-12-31 | NT$35.17 Billion | +18.97% |
| 2020-12-31 | NT$29.56 Billion | +0.09% |
| 2019-12-31 | NT$29.53 Billion | +0.32% |
| 2018-12-31 | NT$29.44 Billion | +5.61% |
| 2017-12-31 | NT$27.88 Billion | -2.87% |
| 2016-12-31 | NT$28.70 Billion | +4.71% |
| 2015-12-31 | NT$27.41 Billion | -0.45% |
| 2014-12-31 | NT$27.53 Billion | +12.71% |
| 2013-12-31 | NT$24.43 Billion | +16.16% |
| 2012-12-31 | NT$21.03 Billion | +3.76% |
| 2011-12-31 | NT$20.27 Billion | -2.62% |
| 2010-12-31 | NT$20.81 Billion | +4.09% |
| 2009-12-31 | NT$20.00 Billion | -1.30% |
| 2008-12-31 | NT$20.26 Billion | -13.06% |
| 2007-12-31 | NT$23.30 Billion | +8.47% |
| 2006-12-31 | NT$21.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vanguard International Semiconductor'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 313.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$16.62 Billion | 26.01% |
| Other Components | NT$47.26 Billion | 73.99% |
| Total Equity | NT$63.88 Billion | 100.00% |
Vanguard International Semiconductor Competitors by Market Cap
The table below lists competitors of Vanguard International Semiconductor ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Abrdn PLC
PINK:SLFPF
|
$3.62 Billion |
|
Zeta Global Holdings Corp
NYSE:ZETA
|
$3.62 Billion |
|
EnLink Midstream LLC
NYSE:ENLC
|
$3.62 Billion |
|
Global-E Online Ltd
NASDAQ:GLBE
|
$3.62 Billion |
|
Apogee Therapeutics, Inc. Common Stock
NASDAQ:APGE
|
$3.62 Billion |
|
Hitachi Energy India Limited
NSE:POWERINDIA
|
$3.62 Billion |
|
Ligand Pharmaceuticals Incorporated
NASDAQ:LGND
|
$3.62 Billion |
|
Endeavour Group Limited
PINK:EDVGF
|
$3.62 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vanguard International Semiconductor's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 64,104,426,000 to 63,876,766,000, a change of -227,660,000 (-0.4%).
- Net income of 7,907,502,000 contributed positively to equity growth.
- Dividend payments of 8,399,910,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$7.91 Billion | +12.38% |
| Dividends Paid | NT$8.40 Billion | -13.15% |
| Other Changes | NT$264.75 Million | +0.41% |
| Total Change | NT$- | -0.36% |
Book Value vs Market Value Analysis
This analysis compares Vanguard International Semiconductor'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: 3.33x
- 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 8.97x to 3.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$12.72 | NT$114.00 | x |
| 2007-12-31 | NT$13.39 | NT$114.00 | x |
| 2008-12-31 | NT$11.67 | NT$114.00 | x |
| 2009-12-31 | NT$11.88 | NT$114.00 | x |
| 2010-12-31 | NT$12.33 | NT$114.00 | x |
| 2011-12-31 | NT$12.20 | NT$114.00 | x |
| 2012-12-31 | NT$13.34 | NT$114.00 | x |
| 2013-12-31 | NT$15.17 | NT$114.00 | x |
| 2014-12-31 | NT$16.70 | NT$114.00 | x |
| 2015-12-31 | NT$16.49 | NT$114.00 | x |
| 2016-12-31 | NT$17.34 | NT$114.00 | x |
| 2017-12-31 | NT$16.88 | NT$114.00 | x |
| 2018-12-31 | NT$17.74 | NT$114.00 | x |
| 2019-12-31 | NT$17.84 | NT$114.00 | x |
| 2020-12-31 | NT$17.86 | NT$114.00 | x |
| 2021-12-31 | NT$21.24 | NT$114.00 | x |
| 2022-12-31 | NT$26.93 | NT$114.00 | x |
| 2023-12-31 | NT$27.45 | NT$114.00 | x |
| 2024-12-31 | NT$34.86 | NT$114.00 | x |
| 2025-12-31 | NT$34.21 | NT$114.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vanguard International Semiconductor 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): 12.38%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.27%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 3.14x
- Recent ROE (12.38%) is below the historical average (16.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 14.05% | 23.27% | 0.53x | 1.13x | NT$870.43 Million |
| 2007 | 18.54% | 27.05% | 0.59x | 1.16x | NT$1.99 Billion |
| 2008 | 5.14% | 6.46% | 0.70x | 1.14x | NT$-984.06 Million |
| 2009 | 0.45% | 0.71% | 0.56x | 1.12x | NT$-1.91 Billion |
| 2010 | 9.38% | 12.18% | 0.66x | 1.16x | NT$-129.03 Million |
| 2011 | 4.35% | 5.81% | 0.67x | 1.13x | NT$-1.14 Billion |
| 2012 | 11.08% | 13.57% | 0.69x | 1.18x | NT$226.64 Million |
| 2013 | 17.89% | 20.68% | 0.73x | 1.18x | NT$1.93 Billion |
| 2014 | 19.76% | 22.73% | 0.71x | 1.23x | NT$2.69 Billion |
| 2015 | 15.17% | 17.83% | 0.72x | 1.18x | NT$1.42 Billion |
| 2016 | 19.30% | 21.44% | 0.74x | 1.22x | NT$2.67 Billion |
| 2017 | 16.16% | 18.09% | 0.73x | 1.23x | NT$1.72 Billion |
| 2018 | 20.95% | 21.32% | 0.77x | 1.28x | NT$3.22 Billion |
| 2019 | 19.84% | 20.72% | 0.66x | 1.45x | NT$2.91 Billion |
| 2020 | 21.33% | 19.03% | 0.76x | 1.48x | NT$3.35 Billion |
| 2021 | 33.61% | 26.89% | 0.67x | 1.86x | NT$8.30 Billion |
| 2022 | 33.69% | 29.56% | 0.51x | 2.23x | NT$10.75 Billion |
| 2023 | 16.12% | 19.26% | 0.37x | 2.24x | NT$2.80 Billion |
| 2024 | 10.99% | 15.99% | 0.30x | 2.32x | NT$635.98 Million |
| 2025 | 12.38% | 16.27% | 0.24x | 3.14x | NT$1.52 Billion |
Industry Comparison
This section compares Vanguard International Semiconductor's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $20,387,667,400
- Average return on equity (ROE) among peers: -0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vanguard International Semiconductor (5347) | NT$83.59 Billion | 14.05% | 1.40x | $3.62 Billion |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Winbond Electronics Corp (2344) | $78.11 Billion | 0.00% | 0.35x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |