Forward Science Corp.
Forward Science Corp. manufactures vacuum pumps in Taiwan. It offers vacuum equipment, as well as repair and maintenance services; precision mechanism and OEM/ODM manufacturing services; and intelligent electromechanical systems, which include central management system, prognostic and health management, artificial intelligence testing platform, and smart manufacturing. The company was founded in … Read more
Forward Science Corp. (7530) - Net Assets
Latest net assets as of June 2025: NT$379.13 Million TWD
Based on the latest financial reports, Forward Science Corp. (7530) has net assets worth NT$379.13 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$672.31 Million) and total liabilities (NT$293.18 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$379.13 Million |
| % of Total Assets | 56.39% |
| Annual Growth Rate | 12.96% |
| 5-Year Change | 54.84% |
| 10-Year Change | N/A |
| Growth Volatility | 32.22 |
Forward Science Corp. - Net Assets Trend (2018–2024)
This chart illustrates how Forward Science Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Forward Science Corp. (2018–2024)
The table below shows the annual net assets of Forward Science Corp. from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$424.75 Million | +9.40% |
| 2023-12-31 | NT$388.24 Million | -6.44% |
| 2022-12-31 | NT$414.96 Million | -14.50% |
| 2021-12-31 | NT$485.32 Million | +76.92% |
| 2020-12-31 | NT$274.31 Million | +40.83% |
| 2019-12-31 | NT$194.78 Million | -4.73% |
| 2018-12-31 | NT$204.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forward Science Corp.'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 16324900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$365.00 Million | 85.93% |
| Other Components | NT$224.25 Million | 52.80% |
| Total Equity | NT$424.75 Million | 100.00% |
Forward Science Corp. Competitors by Market Cap
The table below lists competitors of Forward Science Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MAURITIUS SECONDARY INDUSTRIES LTD
SEM:MSIL
|
$7.04K |
|
Logistics Development Group PLC
LSE:LDG
|
$7.05K |
|
BEEF3F
SA:BEEF3F
|
$7.05K |
|
RBS
WAR:RBS
|
$7.06K |
|
Morphic Ethical Equities Fund Ltd
AU:MEC
|
$7.04K |
|
L1 Group Limited
AU:L1G
|
$7.03K |
|
Intercede Group
LSE:IGP
|
$7.03K |
|
Altavoz Entertainment Inc
PINK:AVOZ
|
$7.02K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forward Science Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 388,237,000 to 424,747,000, a change of 36,510,000 (9.4%).
- Net loss of 64,262,000 reduced equity.
- New share issuances of 100,000,000 increased equity.
- Other comprehensive income increased equity by 81,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-64.26 Million | -15.13% |
| Share Issuances | NT$100.00 Million | +23.54% |
| Other Comprehensive Income | NT$82.00K | +0.02% |
| Other Changes | NT$690.00K | +0.16% |
| Total Change | NT$- | 9.40% |
Book Value vs Market Value Analysis
This analysis compares Forward Science Corp.'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: 1.86x
- 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 3.82x to 1.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | NT$6.49 | NT$24.80 | x |
| 2019-12-31 | NT$6.18 | NT$24.80 | x |
| 2020-12-31 | NT$8.71 | NT$24.80 | x |
| 2021-12-31 | NT$15.49 | NT$24.80 | x |
| 2022-12-31 | NT$13.17 | NT$24.80 | x |
| 2023-12-31 | NT$12.26 | NT$24.80 | x |
| 2024-12-31 | NT$13.33 | NT$24.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forward Science Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -15.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -30.19%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.77x
- Recent ROE (-15.13%) is below the historical average (-6.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 3.03% | 3.01% | 0.54x | 1.85x | NT$-14.26 Million |
| 2019 | -1.35% | -1.30% | 0.43x | 2.41x | NT$-22.11 Million |
| 2020 | -11.01% | -15.48% | 0.40x | 1.79x | NT$-57.66 Million |
| 2021 | 3.01% | 5.38% | 0.43x | 1.30x | NT$-34.11 Million |
| 2022 | -16.76% | -28.83% | 0.32x | 1.83x | NT$-111.04 Million |
| 2023 | -6.93% | -9.01% | 0.39x | 1.97x | NT$-65.74 Million |
| 2024 | -15.13% | -30.19% | 0.28x | 1.77x | NT$-106.74 Million |
Industry Comparison
This section compares Forward Science Corp.'s net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $13,532,689,500
- Average return on equity (ROE) among peers: 12.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forward Science Corp. (7530) | NT$379.13 Million | 3.03% | 0.77x | $7.04K |
| TECO Electric & Machinery Co Ltd (1504) | $61.70 Billion | 5.22% | 0.61x | $3.79 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $19.24 Billion | 18.82% | 1.56x | $1.96 Billion |
| Anderson Industrial Corp (1528) | $2.30 Billion | -6.77% | 1.31x | $87.63 Million |
| Awea Mechantronic Co Ltd (1530) | $3.16 Billion | 4.15% | 0.97x | $20.63 Million |
| Kaulin Mfg (1531) | $4.60 Billion | 7.11% | 0.29x | $39.04 Million |
| Chiu Ting Machinery Co Ltd (1539) | $990.48 Million | 22.54% | 1.99x | $14.13 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.20 Billion | 23.81% | 0.57x | $45.90 Million |
| Sinmag Equipment (1580) | $2.98 Billion | 20.23% | 0.34x | $131.61 Million |
| Goodway Machine Corp (1583) | $4.00 Billion | 10.09% | 1.15x | $28.04 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $3.89 Billion |