Fu Chun Shin Machinery Manufacture Co Ltd (6603) - Net Assets
Based on the latest financial reports, Fu Chun Shin Machinery Manufacture Co Ltd (6603) has net assets worth NT$2.54 Billion TWD (≈ $80.09 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$8.26 Billion ≈ $260.37 Million USD) and total liabilities (NT$5.72 Billion ≈ $180.28 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 6603 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.54 Billion |
| % of Total Assets | 30.76% |
| Annual Growth Rate | 2.69% |
| 5-Year Change | 20.57% |
| 10-Year Change | N/A |
| Growth Volatility | 4.89 |
Fu Chun Shin Machinery Manufacture Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Fu Chun Shin Machinery Manufacture Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Fu Chun Shin Machinery Manufacture Co Lt balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Fu Chun Shin Machinery Manufacture Co Ltd (2017–2024)
The table below shows the annual net assets of Fu Chun Shin Machinery Manufacture Co Ltd from 2017 to 2024. For live valuation and market cap data, see Fu Chun Shin Machinery Manufacture Co Lt market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.62 Billion ≈ $82.54 Million |
+10.01% |
| 2023-12-31 | NT$2.38 Billion ≈ $75.03 Million |
-2.89% |
| 2022-12-31 | NT$2.45 Billion ≈ $77.26 Million |
+7.82% |
| 2021-12-31 | NT$2.27 Billion ≈ $71.66 Million |
+4.68% |
| 2020-12-31 | NT$2.17 Billion ≈ $68.46 Million |
+1.31% |
| 2019-12-31 | NT$2.14 Billion ≈ $67.57 Million |
-4.42% |
| 2018-12-31 | NT$2.24 Billion ≈ $70.70 Million |
+3.14% |
| 2017-12-31 | NT$2.18 Billion ≈ $68.55 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Fu Chun Shin Machinery Manufacture 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 38.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$438.73 Million | 17.96% |
| Other Components | NT$2.00 Billion | 82.04% |
| Total Equity | NT$2.44 Billion | 100.00% |
Fu Chun Shin Machinery Manufacture Co Ltd Competitors by Market Cap
The table below lists competitors of Fu Chun Shin Machinery Manufacture Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FDC International Hotels Corp
TW:2748
|
$132.14 Million |
|
Samhaellsbyggnadsbolaget i Norden AB Series D
ST:SBB-D
|
$132.15 Million |
|
Hsin Kao Gas Co Ltd
TW:9931
|
$132.16 Million |
|
MIRC Electronics Limited
NSE:MIRCELECTR
|
$132.19 Million |
|
IKIO Lighting Limited
NSE:IKIO
|
$132.01 Million |
|
Dala Energi AB
ST:DE
|
$132.00 Million |
|
DASAN Networks Inc
KQ:039560
|
$131.97 Million |
|
Chenghe Acquisition III Co. Class A Ordinary Share
NASDAQ:CHEC
|
$131.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fu Chun Shin Machinery Manufacture Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,217,443,000 to 2,442,818,000, a change of 225,375,000 (10.2%).
- Net income of 78,765,000 contributed positively to equity growth.
- Dividend payments of 23,548,000 reduced retained earnings.
- Share repurchases of 49,969,000 reduced equity.
- New share issuances of 19,957,000 increased equity.
- Other factors increased equity by 200,170,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$78.77 Million | +3.22% |
| Dividends Paid | NT$23.55 Million | -0.96% |
| Share Repurchases | NT$49.97 Million | -2.05% |
| Share Issuances | NT$19.96 Million | +0.82% |
| Other Changes | NT$200.17 Million | +8.19% |
| Total Change | NT$- | 10.16% |
Book Value vs Market Value Analysis
This analysis compares Fu Chun Shin Machinery Manufacture 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: 1.70x
- 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 |
|---|---|---|---|
| 2017-12-31 | NT$15.58 | NT$25.30 | x |
| 2018-12-31 | NT$14.42 | NT$25.30 | x |
| 2019-12-31 | NT$13.52 | NT$25.30 | x |
| 2020-12-31 | NT$13.01 | NT$25.30 | x |
| 2021-12-31 | NT$13.65 | NT$25.30 | x |
| 2022-12-31 | NT$13.65 | NT$25.30 | x |
| 2023-12-31 | NT$14.10 | NT$25.30 | x |
| 2024-12-31 | NT$14.92 | NT$25.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fu Chun Shin Machinery Manufacture Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.74%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 3.16x
- Recent ROE (3.22%) is below the historical average (3.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 8.06% | 4.87% | 0.71x | 2.32x | NT$-39.60 Million |
| 2018 | 4.83% | 2.89% | 0.66x | 2.55x | NT$-106.96 Million |
| 2019 | 0.74% | 0.44% | 0.60x | 2.80x | NT$-181.42 Million |
| 2020 | 0.59% | 0.39% | 0.51x | 3.03x | NT$-188.06 Million |
| 2021 | 5.56% | 2.72% | 0.65x | 3.13x | NT$-93.89 Million |
| 2022 | 6.99% | 3.46% | 0.66x | 3.07x | NT$-68.64 Million |
| 2023 | 0.93% | 0.53% | 0.53x | 3.29x | NT$-201.15 Million |
| 2024 | 3.22% | 1.74% | 0.59x | 3.16x | NT$-165.52 Million |
Industry Comparison
This section compares Fu Chun Shin Machinery Manufacture Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $12,042,481,900
- Average return on equity (ROE) among peers: 8.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fu Chun Shin Machinery Manufacture Co Ltd (6603) | NT$2.54 Billion | 8.06% | 2.25x | $132.06 Million |
| TECO Electric & Machinery Co Ltd (1504) | $55.72 Billion | 6.25% | 0.66x | $4.61 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $8.16 Billion | 6.73% | 0.83x | $2.31 Billion |
| Anderson Industrial Corp (1528) | $1.76 Billion | 8.23% | 1.17x | $173.61 Million |
| Awea Mechantronic Co Ltd (1530) | $3.39 Billion | 6.22% | 0.76x | $78.83 Million |
| Kaulin Mfg (1531) | $3.74 Billion | 4.98% | 0.23x | $74.30 Million |
| Chiu Ting Machinery Co Ltd (1539) | $669.23 Million | -8.44% | 1.29x | $33.26 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.37 Billion | 3.35% | 0.19x | $56.42 Million |
| Sinmag Equipment (1580) | $2.04 Billion | 26.12% | 0.62x | $191.20 Million |
| Goodway Machine Corp (1583) | $8.41 Billion | 14.92% | 0.77x | $160.62 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $9.17 Billion |
About Fu Chun Shin Machinery Manufacture Co Ltd
Fu Chun Shin Machinery Manufacture Co., Ltd. engages in the manufacturing, processing, trading, and repair of plastic injection machine and molds, electric wires and cables, and plastic products in Taiwan, Mainland China, and internationally. The company provides various single injection products, such as all-electric, hydraulic, outward toggle, high-speed thin-wall, high-speed, two-platen, servo… Read more