Tian Zheng International Precision Machinery Co Ltd (6654) - Net Assets
Based on the latest financial reports, Tian Zheng International Precision Machinery Co Ltd (6654) has net assets worth NT$1.16 Billion TWD (≈ $36.58 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.24 Billion ≈ $70.72 Million USD) and total liabilities (NT$1.08 Billion ≈ $34.13 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 Tian Zheng International Precision Machi strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.16 Billion |
| % of Total Assets | 51.73% |
| Annual Growth Rate | 14.85% |
| 5-Year Change | -0.54% |
| 10-Year Change | N/A |
| Growth Volatility | 49.17 |
Tian Zheng International Precision Machinery Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Tian Zheng International Precision Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Tian Zheng International Precision Machi (6654) total market value.
Annual Net Assets for Tian Zheng International Precision Machinery Co Ltd (2017–2025)
The table below shows the annual net assets of Tian Zheng International Precision Machinery Co Ltd from 2017 to 2025. Also explore net asset momentum of Tian Zheng International Precision Machi to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.16 Billion ≈ $36.58 Million |
+31.16% |
| 2024-12-31 | NT$885.32 Million ≈ $27.89 Million |
-4.95% |
| 2023-12-31 | NT$931.45 Million ≈ $29.35 Million |
-8.98% |
| 2022-12-31 | NT$1.02 Billion ≈ $32.24 Million |
-12.35% |
| 2021-12-31 | NT$1.17 Billion ≈ $36.78 Million |
+27.37% |
| 2020-12-31 | NT$916.66 Million ≈ $28.88 Million |
-31.61% |
| 2019-12-31 | NT$1.34 Billion ≈ $42.23 Million |
+48.62% |
| 2018-12-31 | NT$901.89 Million ≈ $28.41 Million |
+135.08% |
| 2017-12-31 | NT$383.66 Million ≈ $12.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tian Zheng International Precision Machinery 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 128.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.17 Billion | 102.91% |
| Total Equity | NT$1.14 Billion | 100.00% |
Tian Zheng International Precision Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of Tian Zheng International Precision Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jeju Bank
KO:006220
|
$257.95 Million |
|
PharmaEngine
TWO:4162
|
$258.00 Million |
|
Brompton Split Banc Corp
TO:SBC
|
$258.11 Million |
|
North-Star International Co Ltd
TWO:8927
|
$258.12 Million |
|
Exotic Food Public Company Limited
BK:XO
|
$257.63 Million |
|
Econocom Group SA/NV
BR:ECONB
|
$257.59 Million |
|
Lippo Karawaci Tbk
JK:LPKR
|
$257.49 Million |
|
Addcn Technology Co Ltd
TWO:5287
|
$257.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tian Zheng International Precision Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 878,701,000 to 1,140,033,000, a change of 261,332,000 (29.7%).
- Net income of 238,000 contributed positively to equity growth.
- New share issuances of 225,600,000 increased equity.
- Other factors increased equity by 35,494,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$238.00K | +0.02% |
| Share Issuances | NT$225.60 Million | +19.79% |
| Other Changes | NT$35.49 Million | +3.11% |
| Total Change | NT$- | 29.74% |
Book Value vs Market Value Analysis
This analysis compares Tian Zheng International Precision Machinery 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: 7.17x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 16.31x to 7.17x 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$13.45 | NT$219.50 | x |
| 2018-12-31 | NT$27.25 | NT$219.50 | x |
| 2019-12-31 | NT$22.28 | NT$219.50 | x |
| 2020-12-31 | NT$27.55 | NT$219.50 | x |
| 2021-12-31 | NT$31.42 | NT$219.50 | x |
| 2022-12-31 | NT$30.76 | NT$219.50 | x |
| 2023-12-31 | NT$28.00 | NT$219.50 | x |
| 2024-12-31 | NT$26.42 | NT$219.50 | x |
| 2025-12-31 | NT$30.59 | NT$219.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tian Zheng International Precision Machinery 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): 0.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.07%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.97x
- Recent ROE (0.02%) is below the historical average (7.97%), 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 | 25.52% | 14.61% | 0.67x | 2.59x | NT$59.55 Million |
| 2018 | 28.47% | 21.09% | 0.83x | 1.63x | NT$166.62 Million |
| 2019 | 2.54% | 5.51% | 0.25x | 1.82x | NT$-55.01 Million |
| 2020 | 7.44% | 12.82% | 0.39x | 1.50x | NT$-23.44 Million |
| 2021 | 19.82% | 20.01% | 0.50x | 1.99x | NT$114.70 Million |
| 2022 | 2.80% | 5.12% | 0.24x | 2.31x | NT$-73.69 Million |
| 2023 | -6.31% | -14.35% | 0.18x | 2.46x | NT$-151.91 Million |
| 2024 | -8.62% | -26.33% | 0.13x | 2.60x | NT$-163.58 Million |
| 2025 | 0.02% | 0.07% | 0.16x | 1.97x | NT$-113.77 Million |
Industry Comparison
This section compares Tian Zheng International Precision Machinery 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: $10,783,994,700
- Average return on equity (ROE) among peers: 8.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tian Zheng International Precision Machinery Co Ltd (6654) | NT$1.16 Billion | 25.52% | 0.93x | $257.69 Million |
| TECO Electric & Machinery Co Ltd (1504) | $40.46 Billion | 7.33% | 0.79x | $5.33 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $7.85 Billion | 6.92% | 0.71x | $2.58 Billion |
| Anderson Industrial Corp (1528) | $2.04 Billion | 0.86% | 1.24x | $115.44 Million |
| Awea Mechantronic Co Ltd (1530) | $3.39 Billion | 6.22% | 0.76x | $84.19 Million |
| Kaulin Mfg (1531) | $4.22 Billion | 4.79% | 0.30x | $69.14 Million |
| Chiu Ting Machinery Co Ltd (1539) | $1.58 Billion | 3.98% | 0.59x | $32.13 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.36 Billion | 4.25% | 0.17x | $53.45 Million |
| Sinmag Equipment (1580) | $3.37 Billion | 18.47% | 0.35x | $159.33 Million |
| Goodway Machine Corp (1583) | $8.41 Billion | 14.92% | 0.77x | $168.72 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $8.79 Billion |
About Tian Zheng International Precision Machinery Co Ltd
Tian Zheng International Precision Machinery Co., Ltd., together with its subsidiaries, designs, processes, manufactures, assembles, and sells automated mechanical engineering, and consumer optoelectronic products in Taiwan, Mainland China, and internationally. The company offers passive component and semiconductor/diode testing and packaging machines; semiconductor SOP-8L test packaging machines… Read more