Allied Circuit Co Ltd
Allied Circuit Co., Ltd. engages in the manufacture and sale of industrial and commercial printed circuit boards (PCBs) in Taiwan. It offers high reliability and rigid type multi-layer PCBs, and HDI products. The company's product is used in server, networking, IPC, and load board/probe PCB applications. Allied Circuit Co., Ltd. was incorporated in 1995 and is based in Taoyuan City, Taiwan.
Allied Circuit Co Ltd (8155) - Net Assets
Latest net assets as of September 2025: NT$2.83 Billion TWD
Based on the latest financial reports, Allied Circuit Co Ltd (8155) has net assets worth NT$2.83 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$5.62 Billion) and total liabilities (NT$2.79 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$2.83 Billion |
| % of Total Assets | 50.31% |
| Annual Growth Rate | 10.69% |
| 5-Year Change | 15.18% |
| 10-Year Change | 68.22% |
| Growth Volatility | 13.52 |
Allied Circuit Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Allied Circuit 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 Allied Circuit Co Ltd (2009–2024)
The table below shows the annual net assets of Allied Circuit Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.20 Billion | +3.15% |
| 2023-12-31 | NT$2.14 Billion | -5.41% |
| 2022-12-31 | NT$2.26 Billion | +15.53% |
| 2021-12-31 | NT$1.95 Billion | +2.19% |
| 2020-12-31 | NT$1.91 Billion | +22.43% |
| 2019-12-31 | NT$1.56 Billion | -3.67% |
| 2018-12-31 | NT$1.62 Billion | +6.04% |
| 2017-12-31 | NT$1.53 Billion | +11.75% |
| 2016-12-31 | NT$1.37 Billion | +4.51% |
| 2015-12-31 | NT$1.31 Billion | -3.11% |
| 2014-12-31 | NT$1.35 Billion | +39.25% |
| 2013-12-31 | NT$970.58 Million | +3.25% |
| 2012-12-31 | NT$940.02 Million | +31.59% |
| 2011-12-31 | NT$714.35 Million | +31.45% |
| 2010-12-31 | NT$543.43 Million | +13.18% |
| 2009-12-31 | NT$480.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Allied Circuit 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 8630.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$884.96 Million | 40.17% |
| Other Components | NT$1.32 Billion | 59.83% |
| Total Equity | NT$2.20 Billion | 100.00% |
Allied Circuit Co Ltd Competitors by Market Cap
The table below lists competitors of Allied Circuit Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Jiang and Associates Creative Design Co Ltd
SHE:300668
|
$216.13 Million |
|
Commercial Bancgroup, Inc. Common Stock
NASDAQ:CBK
|
$216.15 Million |
|
Bosun Tools Co Ltd
SHE:002282
|
$216.27 Million |
|
Myer Holdings Ltd
AU:MYR
|
$216.28 Million |
|
Bowlero Corp
NYSE:BOWL
|
$216.09 Million |
|
Jiang Su New Technology Co. Ltd.
SHE:301229
|
$216.05 Million |
|
GurSel Turizm Tasimacilik Ve Servis Ticaret AS
IS:GRSEL
|
$216.02 Million |
|
Beijing Yupont Electric Power Technology Co Ltd
SHG:688597
|
$215.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Allied Circuit Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,135,760,000 to 2,202,950,000, a change of 67,190,000 (3.1%).
- Net income of 236,356,000 contributed positively to equity growth.
- Dividend payments of 183,556,000 reduced retained earnings.
- Other comprehensive income decreased equity by 333,696,000.
- Other factors increased equity by 348,086,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$236.36 Million | +10.73% |
| Dividends Paid | NT$183.56 Million | -8.33% |
| Other Comprehensive Income | NT$-333.70 Million | -15.15% |
| Other Changes | NT$348.09 Million | +15.8% |
| Total Change | NT$- | 3.15% |
Book Value vs Market Value Analysis
This analysis compares Allied Circuit 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: 4.83x
- 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 13.79x to 4.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$14.94 | NT$206.00 | x |
| 2010-12-31 | NT$17.67 | NT$206.00 | x |
| 2011-12-31 | NT$20.04 | NT$206.00 | x |
| 2012-12-31 | NT$23.86 | NT$206.00 | x |
| 2013-12-31 | NT$23.23 | NT$206.00 | x |
| 2014-12-31 | NT$30.46 | NT$206.00 | x |
| 2015-12-31 | NT$25.44 | NT$206.00 | x |
| 2016-12-31 | NT$27.34 | NT$206.00 | x |
| 2017-12-31 | NT$30.60 | NT$206.00 | x |
| 2018-12-31 | NT$32.22 | NT$206.00 | x |
| 2019-12-31 | NT$31.21 | NT$206.00 | x |
| 2020-12-31 | NT$38.12 | NT$206.00 | x |
| 2021-12-31 | NT$39.07 | NT$206.00 | x |
| 2022-12-31 | NT$44.83 | NT$206.00 | x |
| 2023-12-31 | NT$42.06 | NT$206.00 | x |
| 2024-12-31 | NT$42.63 | NT$206.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Allied Circuit Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.54%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.77x
- Recent ROE (10.73%) is below the historical average (14.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 3.01% | 1.41% | 0.84x | 2.52x | NT$-33.56 Million |
| 2010 | 11.65% | 4.71% | 0.91x | 2.71x | NT$8.95 Million |
| 2011 | 12.45% | 6.11% | 0.89x | 2.28x | NT$17.49 Million |
| 2012 | 14.55% | 8.68% | 0.87x | 1.93x | NT$42.80 Million |
| 2013 | 9.58% | 6.62% | 0.86x | 1.69x | NT$-4.12 Million |
| 2014 | 9.90% | 7.48% | 0.89x | 1.48x | NT$-1.41 Million |
| 2015 | 7.08% | 6.06% | 0.84x | 1.40x | NT$-38.27 Million |
| 2016 | 11.88% | 9.34% | 0.83x | 1.53x | NT$25.77 Million |
| 2017 | 20.08% | 12.81% | 1.03x | 1.53x | NT$154.12 Million |
| 2018 | 22.58% | 14.13% | 1.05x | 1.53x | NT$204.00 Million |
| 2019 | 14.21% | 11.02% | 0.82x | 1.58x | NT$65.80 Million |
| 2020 | 27.80% | 18.24% | 0.98x | 1.56x | NT$340.49 Million |
| 2021 | 19.98% | 13.45% | 0.86x | 1.72x | NT$194.99 Million |
| 2022 | 24.61% | 16.13% | 0.96x | 1.58x | NT$329.91 Million |
| 2023 | 9.56% | 7.06% | 0.86x | 1.57x | NT$-9.46 Million |
| 2024 | 10.73% | 6.54% | 0.93x | 1.77x | NT$16.06 Million |
Industry Comparison
This section compares Allied Circuit Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Allied Circuit Co Ltd (8155) | NT$2.83 Billion | 3.01% | 0.99x | $216.10 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |