Taiming Assurance Broker Co Ltd (5878) - Net Assets
Based on the latest financial reports, Taiming Assurance Broker Co Ltd (5878) has net assets worth NT$521.02 Million TWD (≈ $16.41 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$753.08 Million ≈ $23.73 Million USD) and total liabilities (NT$232.06 Million ≈ $7.31 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 5878 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$521.02 Million |
| % of Total Assets | 69.19% |
| Annual Growth Rate | 2.55% |
| 5-Year Change | -1.63% |
| 10-Year Change | N/A |
| Growth Volatility | 6.41 |
Taiming Assurance Broker Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Taiming Assurance Broker Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Taiming Assurance Broker Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Taiming Assurance Broker Co Ltd (2015–2024)
The table below shows the annual net assets of Taiming Assurance Broker Co Ltd from 2015 to 2024. For live valuation and market cap data, see 5878 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$543.55 Million ≈ $17.12 Million |
+0.44% |
| 2023-12-31 | NT$541.14 Million ≈ $17.05 Million |
+1.30% |
| 2022-12-31 | NT$534.18 Million ≈ $16.83 Million |
-6.12% |
| 2021-12-31 | NT$569.02 Million ≈ $17.93 Million |
+2.98% |
| 2020-12-31 | NT$552.53 Million ≈ $17.41 Million |
+3.04% |
| 2019-12-31 | NT$536.25 Million ≈ $16.89 Million |
+18.65% |
| 2018-12-31 | NT$451.96 Million ≈ $14.24 Million |
-2.58% |
| 2017-12-31 | NT$463.94 Million ≈ $14.62 Million |
+2.70% |
| 2016-12-31 | NT$451.73 Million ≈ $14.23 Million |
+4.21% |
| 2015-12-31 | NT$433.49 Million ≈ $13.66 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Taiming Assurance Broker 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 59.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$56.86 Million | 10.46% |
| Other Components | NT$486.68 Million | 89.54% |
| Total Equity | NT$543.55 Million | 100.00% |
Taiming Assurance Broker Co Ltd Competitors by Market Cap
The table below lists competitors of Taiming Assurance Broker Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Seojin Automotive Co.Ltd
KQ:122690
|
$32.17 Million |
|
Cnova NV
PA:CNV
|
$32.17 Million |
|
Banimmo SA
BR:BANI
|
$32.17 Million |
|
A2Z Infra Engineering Limited
NSE:A2ZINFRA
|
$32.19 Million |
|
Kincora Copper Ltd
V:KCC
|
$32.17 Million |
|
Maskapai Reasuransi Indonesia
JK:MREI
|
$32.16 Million |
|
Vince Holding Corp. Common Stock
NASDAQ:VNCE
|
$32.15 Million |
|
Klondike Gold Corp
V:KG
|
$32.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiming Assurance Broker Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 541,138,000 to 543,546,000, a change of 2,408,000 (0.4%).
- Net income of 55,455,000 contributed positively to equity growth.
- Dividend payments of 62,561,000 reduced retained earnings.
- Other factors increased equity by 9,514,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$55.45 Million | +10.2% |
| Dividends Paid | NT$62.56 Million | -11.51% |
| Other Changes | NT$9.51 Million | +1.75% |
| Total Change | NT$- | 0.44% |
Book Value vs Market Value Analysis
This analysis compares Taiming Assurance Broker 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: 1.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.08x to 1.88x 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$19.59 | NT$40.80 | x |
| 2018-12-31 | NT$18.84 | NT$40.80 | x |
| 2019-12-31 | NT$21.43 | NT$40.80 | x |
| 2020-12-31 | NT$22.02 | NT$40.80 | x |
| 2021-12-31 | NT$22.68 | NT$40.80 | x |
| 2022-12-31 | NT$21.31 | NT$40.80 | x |
| 2023-12-31 | NT$21.59 | NT$40.80 | x |
| 2024-12-31 | NT$21.72 | NT$40.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiming Assurance Broker 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): 10.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.55%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 1.50x
- Recent ROE (10.20%) is below the historical average (14.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 17.13% | 12.26% | 1.07x | 1.30x | NT$30.75 Million |
| 2016 | 18.99% | 11.87% | 1.19x | 1.35x | NT$40.61 Million |
| 2017 | 19.33% | 13.68% | 1.10x | 1.28x | NT$43.31 Million |
| 2018 | 16.98% | 10.52% | 1.11x | 1.45x | NT$31.17 Million |
| 2019 | 13.89% | 8.63% | 1.07x | 1.51x | NT$20.88 Million |
| 2020 | 15.72% | 9.50% | 1.14x | 1.45x | NT$31.59 Million |
| 2021 | 13.12% | 9.19% | 1.05x | 1.36x | NT$17.77 Million |
| 2022 | 12.35% | 8.94% | 0.95x | 1.45x | NT$12.53 Million |
| 2023 | 10.18% | 7.02% | 0.99x | 1.46x | NT$974.20K |
| 2024 | 10.20% | 6.55% | 1.04x | 1.50x | NT$1.10 Million |
Industry Comparison
This section compares Taiming Assurance Broker Co Ltd's net assets metrics with peer companies in the Insurance Brokers industry.
No peer company data available for comparison.
About Taiming Assurance Broker Co Ltd
Taiming Assurance Broker Co.,Ltd. engages in the life and property insurance brokerage business in Taiwan. The company offers personal life, injury, health, annuity, group, and investment insurance products. It also provides fire, automobile, liability, and other property insurance products. Taiming Assurance Broker Co.,Ltd. was incorporated in 2002 and is headquartered in Taipei, Taiwan.