Tan De Tech Co., Ltd
Tan De Tech Co., Ltd develops and sells automotive LED headlights for various car manufacturers. It also offers taillights, direction lights, fog lights, daytime running lights, and other vehicle exterior lighting fixtures. The company was founded in 2013 and is based in Douliu, Taiwan.
Tan De Tech Co., Ltd (6867) - Net Assets
Latest net assets as of June 2025: NT$350.82 Million TWD
Based on the latest financial reports, Tan De Tech Co., Ltd (6867) has net assets worth NT$350.82 Million 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$450.87 Million) and total liabilities (NT$100.06 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$350.82 Million |
| % of Total Assets | 77.81% |
| Annual Growth Rate | 15.82% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 36.9 |
Tan De Tech Co., Ltd - Net Assets Trend (2020–2024)
This chart illustrates how Tan De Tech Co., Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tan De Tech Co., Ltd (2020–2024)
The table below shows the annual net assets of Tan De Tech Co., Ltd from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$504.61 Million | -3.48% |
| 2023-12-31 | NT$522.79 Million | +1.69% |
| 2022-12-31 | NT$514.12 Million | +84.34% |
| 2021-12-31 | NT$278.89 Million | -0.53% |
| 2020-12-31 | NT$280.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tan De Tech 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 grown by 61.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$28.31 Million | 5.61% |
| Common Stock | NT$350.00 Million | 69.36% |
| Other Components | NT$126.30 Million | 25.03% |
| Total Equity | NT$504.61 Million | 100.00% |
Tan De Tech Co., Ltd Competitors by Market Cap
The table below lists competitors of Tan De Tech Co., Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GoLogiq Inc
PINK:GOLQ
|
$6.31K |
|
First Imrooz Modaraba
KAR:FIMM
|
$6.32K |
|
GAMMA CIVIC LTD
SEM:GCL
|
$6.32K |
|
PCCW Ltd
MU:TH3B
|
$6.33K |
|
CN RAILWAY CONS -H-
MU:4FF
|
$6.31K |
|
CHINA COM CONST -H-
MU:CYY
|
$6.31K |
|
SIVOTA PLC LS -01
F:8ZB
|
$6.30K |
|
Andrea Electronic Cp
PINK:ANDR
|
$6.30K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tan De Tech Co., Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 522,795,000 to 504,606,000, a change of -18,189,000 (-3.5%).
- Net income of 28,310,000 contributed positively to equity growth.
- Dividend payments of 46,499,000 reduced retained earnings.
- Other comprehensive income decreased equity by 21,129,000.
- Other factors increased equity by 21,129,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$28.31 Million | +5.61% |
| Dividends Paid | NT$46.50 Million | -9.21% |
| Other Comprehensive Income | NT$-21.13 Million | -4.19% |
| Other Changes | NT$21.13 Million | +4.19% |
| Total Change | NT$- | -3.48% |
Book Value vs Market Value Analysis
This analysis compares Tan De Tech 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: 1.50x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.92x to 1.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$11.20 | NT$21.55 | x |
| 2021-12-31 | NT$11.14 | NT$21.55 | x |
| 2022-12-31 | NT$16.13 | NT$21.55 | x |
| 2023-12-31 | NT$14.87 | NT$21.55 | x |
| 2024-12-31 | NT$14.40 | NT$21.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tan De Tech Co., Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.51%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.17x
- Recent ROE (5.61%) is below the historical average (7.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 6.23% | 5.56% | 0.55x | 2.05x | NT$-10.56 Million |
| 2021 | 5.00% | 4.18% | 0.65x | 1.84x | NT$-13.96 Million |
| 2022 | 9.29% | 10.26% | 0.61x | 1.49x | NT$-3.65 Million |
| 2023 | 9.88% | 9.53% | 0.75x | 1.38x | NT$-613.50K |
| 2024 | 5.61% | 6.51% | 0.74x | 1.17x | NT$-22.15 Million |
Industry Comparison
This section compares Tan De Tech Co., Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,045,310,500
- Average return on equity (ROE) among peers: -15.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tan De Tech Co., Ltd (6867) | NT$350.82 Million | 6.23% | 0.29x | $6.31K |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | 0.00% | 1.41x | $45.05 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |