P-Two Industries
P-Two Industries Inc. manufactures and sells TVs, panels, notebook computers, and automotive-related components and connectors in Taiwan. The company offers floating BTB, FFC with impedance control, floating board to board, EasyLock FFC/FPC connector, FFC/FPC connector, power WTB, USB type C, WTB, FFC, SATA connector, and LVDS socket connector products. The company serves automotive, computer and… Read more
P-Two Industries (6158) - Net Assets
Latest net assets as of September 2025: NT$1.06 Billion TWD
Based on the latest financial reports, P-Two Industries (6158) has net assets worth NT$1.06 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$2.36 Billion) and total liabilities (NT$1.30 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$1.06 Billion |
| % of Total Assets | 44.74% |
| Annual Growth Rate | -9.31% |
| 5-Year Change | 37.45% |
| 10-Year Change | N/A |
| Growth Volatility | 25.72 |
P-Two Industries - Net Assets Trend (2017–2024)
This chart illustrates how P-Two Industries's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for P-Two Industries (2017–2024)
The table below shows the annual net assets of P-Two Industries from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.23 Billion | +12.16% |
| 2023-12-31 | NT$1.10 Billion | +0.11% |
| 2022-12-31 | NT$1.10 Billion | +10.85% |
| 2021-12-31 | NT$989.40 Million | +10.43% |
| 2020-12-31 | NT$895.95 Million | +10.91% |
| 2019-12-31 | NT$807.85 Million | -64.81% |
| 2018-12-31 | NT$2.30 Billion | -5.91% |
| 2017-12-31 | NT$2.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to P-Two Industries'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 73.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$185.35 Million | 15.05% |
| Other Components | NT$1.05 Billion | 84.95% |
| Total Equity | NT$1.23 Billion | 100.00% |
P-Two Industries Competitors by Market Cap
The table below lists competitors of P-Two Industries ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Target Global Acquisition I Corp
PINK:TGAA
|
$20.61 Million |
|
TGAAF
PINK:TGAAF
|
$20.61 Million |
|
4DS Memory Limited
PINK:FRDSF
|
$20.61 Million |
|
ONCOARENDI THERAP ZY-01
F:1B1
|
$20.62 Million |
|
VistaGen Therapeutics Inc
NASDAQ:VTGN
|
$20.60 Million |
|
Hank Payments Corp.
PINK:HNKPF
|
$20.60 Million |
|
iMBC Co.Ltd
KQ:052220
|
$20.60 Million |
|
Yong Shun Chemical Co Ltd
TWO:4711
|
$20.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in P-Two Industries's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,097,927,000 to 1,231,488,000, a change of 133,561,000 (12.2%).
- Net income of 68,511,000 contributed positively to equity growth.
- Dividend payments of 55,030,000 reduced retained earnings.
- Other factors increased equity by 120,080,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$68.51 Million | +5.56% |
| Dividends Paid | NT$55.03 Million | -4.47% |
| Other Changes | NT$120.08 Million | +9.75% |
| Total Change | NT$- | 12.16% |
Book Value vs Market Value Analysis
This analysis compares P-Two Industries'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: 0.82x
- 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 increased from 0.41x to 0.82x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$44.77 | NT$18.40 | x |
| 2018-12-31 | NT$44.87 | NT$18.40 | x |
| 2019-12-31 | NT$15.34 | NT$18.40 | x |
| 2020-12-31 | NT$16.93 | NT$18.40 | x |
| 2021-12-31 | NT$18.49 | NT$18.40 | x |
| 2022-12-31 | NT$20.29 | NT$18.40 | x |
| 2023-12-31 | NT$20.22 | NT$18.40 | x |
| 2024-12-31 | NT$22.40 | NT$18.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently P-Two Industries utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.57%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.91x
- Recent ROE (5.56%) is below the historical average (9.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.99% | 4.44% | 0.46x | 1.46x | NT$-171.09 Million |
| 2018 | 16.82% | 22.32% | 0.53x | 1.43x | NT$156.69 Million |
| 2019 | 4.20% | 2.16% | 0.78x | 2.49x | NT$-46.83 Million |
| 2020 | 15.18% | 6.69% | 0.87x | 2.61x | NT$46.39 Million |
| 2021 | 16.37% | 7.37% | 0.94x | 2.37x | NT$63.05 Million |
| 2022 | 5.82% | 3.26% | 0.92x | 1.94x | NT$-45.85 Million |
| 2023 | 6.99% | 4.37% | 0.79x | 2.01x | NT$-33.06 Million |
| 2024 | 5.56% | 3.57% | 0.82x | 1.91x | NT$-54.64 Million |
Industry Comparison
This section compares P-Two Industries's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $187,867,240,100
- Average return on equity (ROE) among peers: 6.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| P-Two Industries (6158) | NT$1.06 Billion | 2.99% | 1.24x | $20.61 Million |
| Syncmold Enterprise Corp (1582) | $4.29 Billion | 16.99% | 0.69x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.39 Billion | 0.00% | 0.90x | $1.40 Billion |
| Delta Electronics Inc (2308) | $325.39 Billion | 20.88% | 0.97x | $80.57 Billion |
| Compeq Manufacturing Co Ltd (2313) | $14.23 Billion | 2.16% | 1.01x | $6.72 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $1.48 Trillion | 6.88% | 1.48x | $76.45 Billion |
| Pan-International Industrial Corp (2328) | $18.48 Billion | 5.79% | 0.37x | $561.22 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $460.73 Million |
| Solomon Technology Corp (2359) | $5.33 Billion | 8.60% | 0.59x | $417.90 Million |
| Unitech Printed Circuit Board Corp (2367) | $8.30 Billion | -8.42% | 1.39x | $1.40 Billion |
| Gold Circuit Electronics Ltd (2368) | $7.17 Billion | 1.81% | 1.92x | $8.82 Billion |