TECO Image Systems Co Ltd (5438) - Net Assets
Based on the latest financial reports, TECO Image Systems Co Ltd (5438) has net assets worth NT$2.65 Billion TWD (≈ $83.61 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.43 Billion ≈ $108.21 Million USD) and total liabilities (NT$780.96 Million ≈ $24.60 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 financial resilience of TECO Image Systems Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.65 Billion |
| % of Total Assets | 77.26% |
| Annual Growth Rate | 7.34% |
| 5-Year Change | 88.5% |
| 10-Year Change | N/A |
| Growth Volatility | 16.16 |
TECO Image Systems Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how TECO Image Systems Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore TECO Image Systems Co Ltd (5438) total assets for the complete picture of this company's asset base.
Annual Net Assets for TECO Image Systems Co Ltd (2017–2024)
The table below shows the annual net assets of TECO Image Systems Co Ltd from 2017 to 2024. For live valuation and market cap data, see how much is TECO Image Systems Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.21 Billion ≈ $101.02 Million |
+26.87% |
| 2023-12-31 | NT$2.53 Billion ≈ $79.63 Million |
+21.69% |
| 2022-12-31 | NT$2.08 Billion ≈ $65.44 Million |
-6.60% |
| 2021-12-31 | NT$2.22 Billion ≈ $70.06 Million |
+30.72% |
| 2020-12-31 | NT$1.70 Billion ≈ $53.59 Million |
-5.87% |
| 2019-12-31 | NT$1.81 Billion ≈ $56.93 Million |
+3.45% |
| 2018-12-31 | NT$1.75 Billion ≈ $55.03 Million |
-10.54% |
| 2017-12-31 | NT$1.95 Billion ≈ $61.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TECO Image Systems 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 grown by 1.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$726.74 Million | 22.66% |
| Other Components | NT$2.48 Billion | 77.34% |
| Total Equity | NT$3.21 Billion | 100.00% |
TECO Image Systems Co Ltd Competitors by Market Cap
The table below lists competitors of TECO Image Systems Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fuzetec Technology Co Ltd
TWO:6642
|
$67.40 Million |
|
Wiable Corp
KQ:065530
|
$67.43 Million |
|
Nestcon Bhd
KLSE:0235
|
$67.48 Million |
|
Take Solutions Limited
NSE:TAKE
|
$67.51 Million |
|
Helio SA
WAR:HEL
|
$67.36 Million |
|
Asefa Public Company Limited
BK:ASEFA
|
$67.34 Million |
|
Saint Jean Groupe Société anonyme
PA:SABE
|
$67.33 Million |
|
Stabilis Solutions Inc
NASDAQ:SLNG
|
$67.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TECO Image Systems Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,527,442,000 to 3,206,557,000, a change of 679,115,000 (26.9%).
- Net income of 86,896,000 contributed positively to equity growth.
- Dividend payments of 56,268,000 reduced retained earnings.
- Other factors increased equity by 648,487,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$86.90 Million | +2.71% |
| Dividends Paid | NT$56.27 Million | -1.75% |
| Other Changes | NT$648.49 Million | +20.22% |
| Total Change | NT$- | 26.87% |
Book Value vs Market Value Analysis
This analysis compares TECO Image Systems 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: 0.67x
- 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 1.10x to 0.67x 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$17.35 | NT$19.00 | x |
| 2018-12-31 | NT$15.52 | NT$19.00 | x |
| 2019-12-31 | NT$16.06 | NT$19.00 | x |
| 2020-12-31 | NT$15.12 | NT$19.00 | x |
| 2021-12-31 | NT$19.76 | NT$19.00 | x |
| 2022-12-31 | NT$18.46 | NT$19.00 | x |
| 2023-12-31 | NT$22.46 | NT$19.00 | x |
| 2024-12-31 | NT$28.49 | NT$19.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TECO Image Systems 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): 2.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.51%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.19x
- Recent ROE (2.71%) is below the historical average (3.96%), 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 | 11.31% | 9.38% | 0.83x | 1.44x | NT$25.52 Million |
| 2018 | 9.19% | 7.42% | 0.86x | 1.44x | NT$-14.20 Million |
| 2019 | 2.74% | 2.80% | 0.72x | 1.37x | NT$-131.17 Million |
| 2020 | 0.05% | 0.06% | 0.54x | 1.40x | NT$-169.31 Million |
| 2021 | 2.33% | 2.93% | 0.56x | 1.42x | NT$-170.54 Million |
| 2022 | 3.10% | 3.74% | 0.57x | 1.45x | NT$-143.32 Million |
| 2023 | 0.28% | 0.59% | 0.38x | 1.25x | NT$-245.63 Million |
| 2024 | 2.71% | 6.51% | 0.35x | 1.19x | NT$-233.76 Million |
Industry Comparison
This section compares TECO Image Systems Co Ltd's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $1,899,058,667
- Average return on equity (ROE) among peers: 5.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TECO Image Systems Co Ltd (5438) | NT$2.65 Billion | 11.31% | 0.29x | $67.36 Million |
| Globe Industries Corp (1324) | $972.29 Million | 1.68% | 0.28x | $24.97 Million |
| Mercuries Data Systems Ltd (2427) | $2.19 Billion | 5.29% | 1.06x | $131.62 Million |
| Huxen Corp (2433) | $4.91 Billion | 10.75% | 0.72x | $206.45 Million |
| Uniform Industrial Corp (2482) | $729.52 Million | -4.22% | 0.56x | $41.35 Million |
| Gold Rain Enterprises (4503) | $683.69 Million | 3.83% | 0.00x | $109.55 Million |
| Castles Technology Co Ltd (5258) | $1.62 Billion | 18.62% | 0.85x | $164.50 Million |
| XAC Automation (5490) | $1.61 Billion | 8.27% | 0.40x | $80.27 Million |
| General Plastic Industrial Co Ltd (6128) | $3.43 Billion | 1.21% | 0.96x | $82.20 Million |
| Cipherlab Co Ltd (6160) | $936.72 Million | 4.39% | 0.28x | $33.88 Million |
About TECO Image Systems Co Ltd
Teco Image Systems Co., Ltd. provides OEM and ODM services to imaging and communication products industries in the People's Republic of China, Hong Kong, Japan, Taiwan, and internationally. The company involved in the design, development, and manufacture of multi-function printing devices, plain paper facsimiles, digital copiers, and color scanners. It also provides mechanical subsystems comprisi… Read more