7751
Horng Terng Automation Co., Ltd. engages in the research and development, manufacturing, and sales of semiconductor automation equipment. The company offers vision inspection, electrical test, dispenser, glue dispenser, glue printing, and dark collapse detection machines; and product exchange machines, loading machines, and automatic connection equipment. It also provides open and short testing s… Read more
7751 (7751) - Net Assets
Latest net assets as of September 2025: NT$2.30 Billion TWD
Based on the latest financial reports, 7751 (7751) has net assets worth NT$2.30 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.53 Billion) and total liabilities (NT$1.23 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$2.30 Billion |
| % of Total Assets | 65.28% |
| Annual Growth Rate | 11.64% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.76 |
7751 - Net Assets Trend (2021–2024)
This chart illustrates how 7751's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for 7751 (2021–2024)
The table below shows the annual net assets of 7751 from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.20 Billion | +14.22% |
| 2023-12-31 | NT$1.05 Billion | +5.09% |
| 2022-12-31 | NT$1.00 Billion | +15.94% |
| 2021-12-31 | NT$864.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to 7751'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 15.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$698.40 Million | 58.17% |
| Common Stock | NT$244.12 Million | 20.33% |
| Other Components | NT$258.08 Million | 21.50% |
| Total Equity | NT$1.20 Billion | 100.00% |
7751 Competitors by Market Cap
The table below lists competitors of 7751 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Heritage Insurance Hldgs Inc
NYSE:HRTG
|
$620.92 Million |
|
Pantoro Limited
F:RKN
|
$621.06 Million |
|
Diös Fastigheter AB (publ)
F:D1F
|
$621.21 Million |
|
Jiangyin Haida Rubber and Plastic Co Ltd Class A
SHE:300320
|
$621.28 Million |
|
GS Engineering & Construction
KO:006360
|
$620.85 Million |
|
Centrotec SE
HM:CEV
|
$620.50 Million |
|
SEAZEN GROUP LTD. HD-001
F:6FLA
|
$620.31 Million |
|
Phathom Pharmaceuticals Inc
NASDAQ:PHAT
|
$620.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 7751's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,050,697,000 to 1,200,598,000, a change of 149,901,000 (14.3%).
- Net income of 293,544,000 contributed positively to equity growth.
- Dividend payments of 146,470,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$293.54 Million | +24.45% |
| Dividends Paid | NT$146.47 Million | -12.2% |
| Other Changes | NT$2.83 Million | +0.24% |
| Total Change | NT$- | 14.27% |
Book Value vs Market Value Analysis
This analysis compares 7751'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: 27.08x
- 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 29.37x to 27.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | NT$45.11 | NT$1325.00 | x |
| 2022-12-31 | NT$43.44 | NT$1325.00 | x |
| 2023-12-31 | NT$42.78 | NT$1325.00 | x |
| 2024-12-31 | NT$48.93 | NT$1325.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 7751 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): 24.45%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.64%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.79x
- Recent ROE (24.45%) is below the historical average (27.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 30.48% | 22.13% | 0.63x | 2.18x | NT$176.41 Million |
| 2022 | 39.00% | 30.63% | 0.70x | 1.82x | NT$289.81 Million |
| 2023 | 15.27% | 18.11% | 0.51x | 1.65x | NT$55.38 Million |
| 2024 | 24.45% | 25.64% | 0.53x | 1.79x | NT$173.48 Million |
Industry Comparison
This section compares 7751's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,963,876,800
- Average return on equity (ROE) among peers: 4.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 7751 (7751) | NT$2.30 Billion | 30.48% | 0.53x | $620.89 Million |
| Rectron Ltd (2302) | $1.74 Billion | 6.07% | 0.23x | $39.77 Million |
| Taiwan Mask Corp (2338) | $3.62 Billion | -1.02% | 0.09x | $217.60 Million |
| Lingsen Precision Industries Ltd (2369) | $5.31 Billion | -10.40% | 0.55x | $285.76 Million |
| Greatek Electronics Inc (2441) | $9.68 Billion | 16.62% | 0.10x | $727.39 Million |
| Visual Photonics Epitaxy Co Ltd (2455) | $919.04 Million | 0.00% | 0.65x | $1.13 Billion |
| Pan Jit International Inc (2481) | $7.85 Billion | 5.85% | 1.65x | $824.61 Million |
| Ampoc Far-East Co Ltd (2493) | $2.16 Billion | 18.34% | 0.50x | $265.52 Million |
| Episil-Precision Inc (3016) | $1.06 Billion | 1.57% | 0.14x | $187.04 Million |
| Zenitron Corp (3028) | $4.03 Billion | 10.78% | 1.64x | $312.17 Million |
| ALi Corp (3041) | $3.27 Billion | 0.43% | 0.15x | $98.65 Million |