TacBright Optronics Corporation
TacBright Optronics Corporation engages in the research, development, manufacturing, and sales of triacetate cellulose (TAC) films. Its products are used for protective film in liquid crystal displays (LCDs), as well as for sunglasses, photographic equipment filters, anti-glare goggles, car navigation, other polarizing microscopes, and special medical glasses. The company serves LCD polarizer man… Read more
TacBright Optronics Corporation (6434) - Net Assets
Latest net assets as of June 2025: NT$2.11 Billion TWD
Based on the latest financial reports, TacBright Optronics Corporation (6434) has net assets worth NT$2.11 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.16 Billion) and total liabilities (NT$1.05 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$2.11 Billion |
| % of Total Assets | 66.81% |
| Annual Growth Rate | -1.94% |
| 5-Year Change | -10.03% |
| 10-Year Change | N/A |
| Growth Volatility | 3.91 |
TacBright Optronics Corporation - Net Assets Trend (2019–2024)
This chart illustrates how TacBright Optronics Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TacBright Optronics Corporation (2019–2024)
The table below shows the annual net assets of TacBright Optronics Corporation from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.15 Billion | -4.11% |
| 2023-12-31 | NT$2.24 Billion | -8.13% |
| 2022-12-31 | NT$2.44 Billion | -0.93% |
| 2021-12-31 | NT$2.46 Billion | +3.08% |
| 2020-12-31 | NT$2.39 Billion | +0.75% |
| 2019-12-31 | NT$2.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TacBright Optronics Corporation'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 22206700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$4.64 Billion | 215.57% |
| Other Comprehensive Income | NT$-2.07 Million | -0.10% |
| Total Equity | NT$2.15 Billion | 100.00% |
TacBright Optronics Corporation Competitors by Market Cap
The table below lists competitors of TacBright Optronics Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eva Live Inc. Common Stock
OTCQB:GOAI
|
$17.01 Million |
|
GRODNO S.A. ZY-10
F:WO7
|
$17.01 Million |
|
GO Element Co. Ltd.
KQ:311320
|
$17.02 Million |
|
Favelle Favco Bhd
KLSE:7229
|
$17.02 Million |
|
LISATA THERAP.INC.DL-001
F:8NE
|
$17.00 Million |
|
Leading Edge Materials Corp
OTCQB:LEMIF
|
$17.00 Million |
|
Lam Son Sugar JSC
VN:LSS
|
$16.99 Million |
|
Sungmoon Elect
KO:014910
|
$16.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TacBright Optronics Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,242,792,000 to 2,150,581,000, a change of -92,211,000 (-4.1%).
- Net loss of 92,246,000 reduced equity.
- Other comprehensive income increased equity by 35,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-92.25 Million | -4.29% |
| Other Comprehensive Income | NT$35.00K | +0.0% |
| Total Change | NT$- | -4.11% |
Book Value vs Market Value Analysis
This analysis compares TacBright Optronics Corporation'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: 1.25x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.14x to 1.25x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$5.12 | NT$5.81 | x |
| 2020-12-31 | NT$5.16 | NT$5.81 | x |
| 2021-12-31 | NT$5.31 | NT$5.81 | x |
| 2022-12-31 | NT$5.27 | NT$5.81 | x |
| 2023-12-31 | NT$4.84 | NT$5.81 | x |
| 2024-12-31 | NT$4.64 | NT$5.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TacBright Optronics Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.11%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.56x
- Recent ROE (-4.29%) is below the historical average (-1.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 1.79% | 2.76% | 0.31x | 2.09x | NT$-194.67 Million |
| 2020 | 0.75% | 1.12% | 0.33x | 2.00x | NT$-221.21 Million |
| 2021 | 2.99% | 4.10% | 0.41x | 1.80x | NT$-172.82 Million |
| 2022 | -0.94% | -1.95% | 0.29x | 1.66x | NT$-266.95 Million |
| 2023 | -8.85% | -16.90% | 0.32x | 1.62x | NT$-422.68 Million |
| 2024 | -4.29% | -7.11% | 0.39x | 1.56x | NT$-307.30 Million |
Industry Comparison
This section compares TacBright Optronics Corporation's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $44,934,559,200
- Average return on equity (ROE) among peers: 11.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TacBright Optronics Corporation (6434) | NT$2.11 Billion | 1.79% | 0.50x | $17.00 Million |
| Formosa Plastics Corp (1301) | $225.33 Billion | 12.22% | 0.47x | $5.82 Billion |
| Nan Ya Plastics Corp (1303) | $142.47 Billion | 14.77% | 1.15x | $13.36 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $220.86 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $9.82 Billion | 5.76% | 0.52x | $156.91 Million |
| Taita Chemical Co Ltd (1309) | $3.69 Billion | 0.65% | 0.67x | $113.99 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $42.00 Million |
| Everlight Chemical Industrial Corp (1711) | $6.07 Billion | 11.90% | 0.51x | $317.86 Million |