Etron Technology
Etron Technology, Inc. design, production, and sells of various integrated circuits in Taiwan, Asia, and internationally. The company offers commercial DRAMs (dynamic random access memory) for high bandwidth and low-power consumption products, including computer peripheral, communication, and consumer products; industrial DRAMs that are used in surveillances, point of sale systems, smart meters, … Read more
Etron Technology (5351) - Net Assets
Latest net assets as of September 2025: NT$3.73 Billion TWD
Based on the latest financial reports, Etron Technology (5351) has net assets worth NT$3.73 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$6.83 Billion) and total liabilities (NT$3.11 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$3.73 Billion |
| % of Total Assets | 54.55% |
| Annual Growth Rate | -2.41% |
| 5-Year Change | 46.72% |
| 10-Year Change | -6.86% |
| Growth Volatility | 19.26 |
Etron Technology - Net Assets Trend (2009–2024)
This chart illustrates how Etron Technology's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Etron Technology (2009–2024)
The table below shows the annual net assets of Etron Technology from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.28 Billion | +25.09% |
| 2023-12-31 | NT$3.42 Billion | -20.10% |
| 2022-12-31 | NT$4.28 Billion | +0.91% |
| 2021-12-31 | NT$4.24 Billion | +45.47% |
| 2020-12-31 | NT$2.92 Billion | +25.08% |
| 2019-12-31 | NT$2.33 Billion | -17.71% |
| 2018-12-31 | NT$2.83 Billion | -20.55% |
| 2017-12-31 | NT$3.57 Billion | -13.57% |
| 2016-12-31 | NT$4.13 Billion | -10.19% |
| 2015-12-31 | NT$4.60 Billion | -5.44% |
| 2014-12-31 | NT$4.86 Billion | +5.59% |
| 2013-12-31 | NT$4.60 Billion | +3.72% |
| 2012-12-31 | NT$4.44 Billion | -14.11% |
| 2011-12-31 | NT$5.17 Billion | -22.05% |
| 2010-12-31 | NT$6.63 Billion | +7.41% |
| 2009-12-31 | NT$6.17 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Etron Technology'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 900.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$4.76 Billion | 114.32% |
| Total Equity | NT$4.17 Billion | 100.00% |
Etron Technology Competitors by Market Cap
The table below lists competitors of Etron Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lisi S.A
PINK:LSIIF
|
$571.14 Million |
|
KEDE Numerical Control Co Ltd
SHG:688305
|
$571.15 Million |
|
Ability Enterprise Co Ltd
TW:2374
|
$571.16 Million |
|
Mama's Creations Inc.
NASDAQ:MAMA
|
$571.24 Million |
|
Data#3 Limited
PINK:DTATF
|
$570.87 Million |
|
Huafu Top Dyed Melange Yarn Co Ltd
SHE:002042
|
$570.82 Million |
|
Aba Chemicals Corp
SHE:300261
|
$570.80 Million |
|
CTS International Logistics Corp Ltd
SHG:603128
|
$570.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Etron Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,360,487,000 to 4,165,579,000, a change of 805,092,000 (24.0%).
- Net loss of 540,640,000 reduced equity.
- New share issuances of 1,358,502,000 increased equity.
- Other comprehensive income decreased equity by 368,291,000.
- Other factors increased equity by 355,521,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-540.64 Million | -12.98% |
| Share Issuances | NT$1.36 Billion | +32.61% |
| Other Comprehensive Income | NT$-368.29 Million | -8.84% |
| Other Changes | NT$355.52 Million | +8.53% |
| Total Change | NT$- | 23.96% |
Book Value vs Market Value Analysis
This analysis compares Etron Technology'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: 4.99x
- 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 increased from 2.49x to 4.99x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$25.62 | NT$63.80 | x |
| 2010-12-31 | NT$26.15 | NT$63.80 | x |
| 2011-12-31 | NT$20.33 | NT$63.80 | x |
| 2012-12-31 | NT$18.28 | NT$63.80 | x |
| 2013-12-31 | NT$18.85 | NT$63.80 | x |
| 2014-12-31 | NT$19.88 | NT$63.80 | x |
| 2015-12-31 | NT$18.84 | NT$63.80 | x |
| 2016-12-31 | NT$16.95 | NT$63.80 | x |
| 2017-12-31 | NT$14.58 | NT$63.80 | x |
| 2018-12-31 | NT$11.56 | NT$63.80 | x |
| 2019-12-31 | NT$9.60 | NT$63.80 | x |
| 2020-12-31 | NT$12.11 | NT$63.80 | x |
| 2021-12-31 | NT$14.35 | NT$63.80 | x |
| 2022-12-31 | NT$14.44 | NT$63.80 | x |
| 2023-12-31 | NT$11.64 | NT$63.80 | x |
| 2024-12-31 | NT$12.79 | NT$63.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Etron Technology utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.57%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.62x
- Recent ROE (-12.98%) is below the historical average (-7.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 1.34% | 1.05% | 0.73x | 1.75x | NT$-510.32 Million |
| 2010 | 3.14% | 2.40% | 0.91x | 1.44x | NT$-437.83 Million |
| 2011 | -17.77% | -14.75% | 0.74x | 1.63x | NT$-1.38 Billion |
| 2012 | -11.43% | -7.74% | 0.84x | 1.75x | NT$-916.55 Million |
| 2013 | 0.25% | 0.17% | 0.87x | 1.74x | NT$-433.10 Million |
| 2014 | 2.73% | 1.69% | 0.91x | 1.78x | NT$-341.65 Million |
| 2015 | -3.15% | -1.88% | 0.90x | 1.86x | NT$-583.98 Million |
| 2016 | -10.20% | -6.30% | 0.80x | 2.03x | NT$-808.07 Million |
| 2017 | -15.86% | -8.87% | 0.82x | 2.19x | NT$-891.58 Million |
| 2018 | -23.79% | -13.44% | 0.70x | 2.54x | NT$-924.08 Million |
| 2019 | -23.21% | -14.50% | 0.59x | 2.70x | NT$-763.94 Million |
| 2020 | -9.32% | -7.56% | 0.57x | 2.14x | NT$-556.57 Million |
| 2021 | 25.39% | 17.10% | 0.85x | 1.74x | NT$637.11 Million |
| 2022 | 1.77% | 1.58% | 0.57x | 1.97x | NT$-344.03 Million |
| 2023 | -26.57% | -33.54% | 0.39x | 2.03x | NT$-1.23 Billion |
| 2024 | -12.98% | -15.57% | 0.52x | 1.62x | NT$-957.20 Million |
Industry Comparison
This section compares Etron Technology's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,963,876,800
- Average return on equity (ROE) among peers: 4.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Etron Technology (5351) | NT$3.73 Billion | 1.34% | 0.83x | $570.99 Million |
| Rectron Ltd (2302) | $1.74 Billion | 6.07% | 0.23x | $39.77 Million |
| Taiwan Mask Corp (2338) | $3.62 Billion | -1.02% | 0.09x | $217.60 Million |
| Lingsen Precision Industries Ltd (2369) | $5.31 Billion | -10.40% | 0.55x | $285.76 Million |
| Greatek Electronics Inc (2441) | $9.68 Billion | 16.62% | 0.10x | $727.39 Million |
| Visual Photonics Epitaxy Co Ltd (2455) | $919.04 Million | 0.00% | 0.65x | $1.13 Billion |
| Pan Jit International Inc (2481) | $7.85 Billion | 5.85% | 1.65x | $824.61 Million |
| Ampoc Far-East Co Ltd (2493) | $2.16 Billion | 18.34% | 0.50x | $265.52 Million |
| Episil-Precision Inc (3016) | $1.06 Billion | 1.57% | 0.14x | $187.04 Million |
| Zenitron Corp (3028) | $4.03 Billion | 10.78% | 1.64x | $312.17 Million |
| ALi Corp (3041) | $3.27 Billion | 0.43% | 0.15x | $98.65 Million |