PChome Online (8044) - Net Assets
Based on the latest financial reports, PChome Online (8044) has net assets worth NT$8.78 Billion TWD (≈ $276.67 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$34.23 Billion ≈ $1.08 Billion USD) and total liabilities (NT$25.45 Billion ≈ $801.84 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 asset resilience ratio of PChome Online to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$8.78 Billion |
| % of Total Assets | 25.65% |
| Annual Growth Rate | 14.33% |
| 5-Year Change | 96.1% |
| 10-Year Change | 39.83% |
| Growth Volatility | 34.88 |
PChome Online - Net Assets Trend (2006–2024)
This chart illustrates how PChome Online's net assets have evolved over time, based on quarterly financial data. Also explore 8044 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for PChome Online (2006–2024)
The table below shows the annual net assets of PChome Online from 2006 to 2024. For live valuation and market cap data, see 8044 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.01 Billion ≈ $252.31 Million |
-6.37% |
| 2023-12-31 | NT$8.55 Billion ≈ $269.48 Million |
+1.34% |
| 2022-12-31 | NT$8.44 Billion ≈ $265.91 Million |
+10.27% |
| 2021-12-31 | NT$7.65 Billion ≈ $241.15 Million |
+87.42% |
| 2020-12-31 | NT$4.08 Billion ≈ $128.67 Million |
+8.41% |
| 2019-12-31 | NT$3.77 Billion ≈ $118.68 Million |
+10.03% |
| 2018-12-31 | NT$3.42 Billion ≈ $107.86 Million |
-33.58% |
| 2017-12-31 | NT$5.15 Billion ≈ $162.39 Million |
-13.99% |
| 2016-12-31 | NT$5.99 Billion ≈ $188.80 Million |
+4.63% |
| 2015-12-31 | NT$5.73 Billion ≈ $180.44 Million |
+115.57% |
| 2014-12-31 | NT$2.66 Billion ≈ $83.70 Million |
+23.80% |
| 2013-12-31 | NT$2.15 Billion ≈ $67.61 Million |
+15.11% |
| 2012-12-31 | NT$1.86 Billion ≈ $58.74 Million |
+10.77% |
| 2011-12-31 | NT$1.68 Billion ≈ $53.03 Million |
+45.89% |
| 2010-12-31 | NT$1.15 Billion ≈ $36.35 Million |
+39.25% |
| 2009-12-31 | NT$828.49 Million ≈ $26.10 Million |
+25.60% |
| 2008-12-31 | NT$659.60 Million ≈ $20.78 Million |
+9.27% |
| 2007-12-31 | NT$603.63 Million ≈ $19.02 Million |
-16.07% |
| 2006-12-31 | NT$719.17 Million ≈ $22.66 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to PChome Online'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 38881800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$6.34 Billion | 109.89% |
| Total Equity | NT$5.77 Billion | 100.00% |
PChome Online Competitors by Market Cap
The table below lists competitors of PChome Online ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CBO Territoria S.A.
PA:CBOT
|
$145.95 Million |
|
FormPipe Software AB
ST:FPIP
|
$145.98 Million |
|
Cegedim S.A.
PA:CGM
|
$145.99 Million |
|
Phu Tai JSC
VN:PTB
|
$146.02 Million |
|
Molecular Partners AG
SW:MOLN
|
$145.86 Million |
|
Buligo Capital Ltd
TA:BLGO
|
$145.83 Million |
|
Tavia Acquisition Corp. Unit
NASDAQ:TAVIU
|
$145.77 Million |
|
Sejong Industrial
KO:033530
|
$145.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PChome Online's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,497,294,000 to 5,770,266,000, a change of -727,028,000 (-11.2%).
- Net loss of 576,325,000 reduced equity.
- Other comprehensive income decreased equity by 516,818,000.
- Other factors increased equity by 366,115,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-576.33 Million | -9.99% |
| Other Comprehensive Income | NT$-516.82 Million | -8.96% |
| Other Changes | NT$366.12 Million | +6.34% |
| Total Change | NT$- | -11.19% |
Book Value vs Market Value Analysis
This analysis compares PChome Online'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: 0.56x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.80x to 0.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$5.95 | NT$22.65 | x |
| 2007-12-31 | NT$4.63 | NT$22.65 | x |
| 2008-12-31 | NT$5.58 | NT$22.65 | x |
| 2009-12-31 | NT$6.66 | NT$22.65 | x |
| 2010-12-31 | NT$10.28 | NT$22.65 | x |
| 2011-12-31 | NT$13.76 | NT$22.65 | x |
| 2012-12-31 | NT$13.27 | NT$22.65 | x |
| 2013-12-31 | NT$15.67 | NT$22.65 | x |
| 2014-12-31 | NT$19.12 | NT$22.65 | x |
| 2015-12-31 | NT$44.40 | NT$22.65 | x |
| 2016-12-31 | NT$43.96 | NT$22.65 | x |
| 2017-12-31 | NT$39.63 | NT$22.65 | x |
| 2018-12-31 | NT$24.68 | NT$22.65 | x |
| 2019-12-31 | NT$25.57 | NT$22.65 | x |
| 2020-12-31 | NT$25.27 | NT$22.65 | x |
| 2021-12-31 | NT$47.75 | NT$22.65 | x |
| 2022-12-31 | NT$49.75 | NT$22.65 | x |
| 2023-12-31 | NT$49.36 | NT$22.65 | x |
| 2024-12-31 | NT$40.43 | NT$22.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PChome Online utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.53%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 4.58x
- Recent ROE (-9.99%) is below the historical average (6.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -31.75% | -3.19% | 3.36x | 2.97x | NT$-261.20 Million |
| 2007 | -28.32% | -2.01% | 4.07x | 3.46x | NT$-186.60 Million |
| 2008 | 17.90% | 1.40% | 3.32x | 3.85x | NT$46.95 Million |
| 2009 | 18.09% | 1.50% | 3.76x | 3.20x | NT$56.61 Million |
| 2010 | 36.40% | 3.32% | 3.39x | 3.24x | NT$258.57 Million |
| 2011 | 31.01% | 2.99% | 3.36x | 3.09x | NT$276.50 Million |
| 2012 | 26.44% | 2.62% | 3.48x | 2.90x | NT$243.52 Million |
| 2013 | 29.14% | 3.11% | 3.09x | 3.03x | NT$332.84 Million |
| 2014 | 32.05% | 3.42% | 3.10x | 3.03x | NT$467.35 Million |
| 2015 | 15.55% | 3.40% | 2.30x | 1.99x | NT$277.54 Million |
| 2016 | 14.62% | 2.98% | 2.44x | 2.01x | NT$242.04 Million |
| 2017 | 0.77% | 0.12% | 2.53x | 2.46x | NT$-435.21 Million |
| 2018 | -33.90% | -2.88% | 3.10x | 3.80x | NT$-1.29 Billion |
| 2019 | 5.34% | 0.42% | 2.55x | 5.01x | NT$-141.84 Million |
| 2020 | 7.52% | 0.58% | 2.66x | 4.90x | NT$-83.17 Million |
| 2021 | 0.98% | 0.13% | 1.99x | 3.86x | NT$-570.43 Million |
| 2022 | 0.68% | 0.09% | 1.73x | 4.17x | NT$-594.20 Million |
| 2023 | -10.16% | -1.61% | 1.50x | 4.23x | NT$-1.31 Billion |
| 2024 | -9.99% | -1.53% | 1.42x | 4.58x | NT$-1.15 Billion |
Industry Comparison
This section compares PChome Online's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $5,219,889,500
- Average return on equity (ROE) among peers: 20.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PChome Online (8044) | NT$8.78 Billion | -31.75% | 2.90x | $145.87 Million |
| momo.com Inc (8454) | $9.90 Billion | 34.68% | 1.66x | $1.42 Billion |
| Kuobrothers (8477) | $536.18 Million | 7.11% | 1.11x | $27.39 Million |
About PChome Online
PChome Online Inc., together with its subsidiaries, provides e-commerce, fintech, and web portal services in Taiwan. It operates through E-Commerce-Sales, Market Place, Fintech, and Other segments. The company operates PChome 24h Shopping, a B2C online shopping platform; Ruten, a C2C auction site; PChome Store, a B2B2C online business startup platform; PChome Travel, a travel e-commerce platform;… Read more