Taiwan Thick-Film Ind
Taiwan Thick-Film Ind. Corp manufactures and sells transformers, backlight modules, light emitting diode (LED) light bars, and light guide plates in Taiwan. The company offers back light modules, such automotive and industrial control, tablet series, NB series, and monitors; LCM assemblies; LED light bars for consumer electronics, industrial control, medical, military, automotive, and other produ… Read more
Taiwan Thick-Film Ind (6246) - Net Assets
Latest net assets as of September 2025: NT$357.72 Million TWD
Based on the latest financial reports, Taiwan Thick-Film Ind (6246) has net assets worth NT$357.72 Million 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$1.19 Billion) and total liabilities (NT$828.96 Million). 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$357.72 Million |
| % of Total Assets | 30.14% |
| Annual Growth Rate | 2.89% |
| 5-Year Change | 21.95% |
| 10-Year Change | N/A |
| Growth Volatility | 14.33 |
Taiwan Thick-Film Ind - Net Assets Trend (2016–2024)
This chart illustrates how Taiwan Thick-Film Ind's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Taiwan Thick-Film Ind (2016–2024)
The table below shows the annual net assets of Taiwan Thick-Film Ind from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$388.42 Million | -6.80% |
| 2023-12-31 | NT$416.78 Million | -5.76% |
| 2022-12-31 | NT$442.23 Million | +8.14% |
| 2021-12-31 | NT$408.94 Million | +28.39% |
| 2020-12-31 | NT$318.52 Million | +3.81% |
| 2019-12-31 | NT$306.84 Million | -20.02% |
| 2018-12-31 | NT$383.66 Million | +3.79% |
| 2017-12-31 | NT$369.64 Million | +19.53% |
| 2016-12-31 | NT$309.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Thick-Film Ind'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 147.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$432.99 Million | 111.47% |
| Total Equity | NT$388.42 Million | 100.00% |
Taiwan Thick-Film Ind Competitors by Market Cap
The table below lists competitors of Taiwan Thick-Film Ind ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gauzy Ltd. Ordinary Shares
NASDAQ:GAUZ
|
$8.41 Million |
|
Gia Lai Electricity JSC
VN:GEG
|
$8.41 Million |
|
Willowglen MSC Bhd
KLSE:0008
|
$8.41 Million |
|
BYON Co. Ltd
KQ:032980
|
$8.41 Million |
|
BioMark Diagnostics Inc
PINK:BMKDF
|
$8.41 Million |
|
Havila Shipping ASA
OL:HAVI
|
$8.40 Million |
|
Promimic AB
ST:PRO
|
$8.40 Million |
|
Shengfeng Development Limited Class A Ordinary Shares
NASDAQ:SFWL
|
$8.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Thick-Film Ind's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 416,781,000 to 388,424,000, a change of -28,357,000 (-6.8%).
- Net loss of 50,013,000 reduced equity.
- Other comprehensive income decreased equity by 11,390,000.
- Other factors increased equity by 33,046,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-50.01 Million | -12.88% |
| Other Comprehensive Income | NT$-11.39 Million | -2.93% |
| Other Changes | NT$33.05 Million | +8.51% |
| Total Change | NT$- | -6.80% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Thick-Film Ind'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: 1.63x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$10.91 | NT$16.70 | x |
| 2017-12-31 | NT$12.32 | NT$16.70 | x |
| 2018-12-31 | NT$12.23 | NT$16.70 | x |
| 2019-12-31 | NT$9.78 | NT$16.70 | x |
| 2020-12-31 | NT$9.72 | NT$16.70 | x |
| 2021-12-31 | NT$11.36 | NT$16.70 | x |
| 2022-12-31 | NT$11.68 | NT$16.70 | x |
| 2023-12-31 | NT$11.01 | NT$16.70 | x |
| 2024-12-31 | NT$10.26 | NT$16.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Thick-Film Ind 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): -12.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.33%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 3.34x
- Recent ROE (-12.88%) is below the historical average (5.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 55.72% | 19.33% | 1.03x | 2.80x | NT$141.38 Million |
| 2017 | 6.94% | 2.49% | 1.08x | 2.57x | NT$-11.30 Million |
| 2018 | 5.07% | 1.86% | 1.17x | 2.33x | NT$-18.91 Million |
| 2019 | -21.21% | -7.89% | 1.01x | 2.66x | NT$-95.77 Million |
| 2020 | 4.12% | 0.89% | 1.20x | 3.83x | NT$-18.72 Million |
| 2021 | 7.86% | 1.68% | 1.50x | 3.13x | NT$-8.75 Million |
| 2022 | 4.85% | 1.11% | 1.40x | 3.14x | NT$-22.77 Million |
| 2023 | -3.47% | -0.88% | 1.31x | 3.00x | NT$-56.14 Million |
| 2024 | -12.88% | -3.33% | 1.16x | 3.34x | NT$-88.86 Million |
Industry Comparison
This section compares Taiwan Thick-Film Ind's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Thick-Film Ind (6246) | NT$357.72 Million | 55.72% | 2.32x | $8.41 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |