Formosa Electronic Industries (8171) - Net Assets
Based on the latest financial reports, Formosa Electronic Industries (8171) has net assets worth NT$2.49 Billion TWD (≈ $78.54 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$3.39 Billion ≈ $106.67 Million USD) and total liabilities (NT$892.84 Million ≈ $28.13 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 financial resilience of Formosa Electronic Industries to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.49 Billion |
| % of Total Assets | 73.63% |
| Annual Growth Rate | 13.51% |
| 5-Year Change | 183.11% |
| 10-Year Change | 135.93% |
| Growth Volatility | 38.04 |
Formosa Electronic Industries - Net Assets Trend (2009–2024)
This chart illustrates how Formosa Electronic Industries's net assets have evolved over time, based on quarterly financial data. Also explore 8171 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Formosa Electronic Industries (2009–2024)
The table below shows the annual net assets of Formosa Electronic Industries from 2009 to 2024. For live valuation and market cap data, see market value of Formosa Electronic Industries.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.58 Billion ≈ $49.86 Million |
-0.58% |
| 2023-12-31 | NT$1.59 Billion ≈ $50.15 Million |
+23.87% |
| 2022-12-31 | NT$1.29 Billion ≈ $40.49 Million |
+46.46% |
| 2021-12-31 | NT$877.44 Million ≈ $27.64 Million |
+56.96% |
| 2020-12-31 | NT$559.02 Million ≈ $17.61 Million |
-12.10% |
| 2019-12-31 | NT$635.97 Million ≈ $20.04 Million |
+58.71% |
| 2018-12-31 | NT$400.71 Million ≈ $12.62 Million |
-14.56% |
| 2017-12-31 | NT$469.01 Million ≈ $14.78 Million |
-16.41% |
| 2016-12-31 | NT$561.07 Million ≈ $17.68 Million |
-16.36% |
| 2015-12-31 | NT$670.81 Million ≈ $21.13 Million |
-15.28% |
| 2014-12-31 | NT$791.78 Million ≈ $24.95 Million |
+19.27% |
| 2013-12-31 | NT$663.87 Million ≈ $20.92 Million |
-7.65% |
| 2012-12-31 | NT$718.86 Million ≈ $22.65 Million |
-9.26% |
| 2011-12-31 | NT$792.26 Million ≈ $24.96 Million |
+57.57% |
| 2010-12-31 | NT$502.79 Million ≈ $15.84 Million |
+112.60% |
| 2009-12-31 | NT$236.49 Million ≈ $7.45 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Formosa Electronic Industries'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 458.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.69 Billion | 106.93% |
| Total Equity | NT$1.58 Billion | 100.00% |
Formosa Electronic Industries Competitors by Market Cap
The table below lists competitors of Formosa Electronic Industries ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canterbury Park Holding Corporation
NASDAQ:CPHC
|
$80.67 Million |
|
Ratchaphruek Hospital Public Company Limited
BK:RPH
|
$80.68 Million |
|
Magadh Sugar & Energy Limited
NSE:MAGADSUGAR
|
$80.70 Million |
|
Adyton Resources Corp
V:ADY
|
$80.71 Million |
|
Jia Wei Lifestyle Inc
TW:3557
|
$80.62 Million |
|
Asahimas Flat Glass Tbk
JK:AMFG
|
$80.62 Million |
|
Future Vision II Acquisition Corporation Ordinary shares
NASDAQ:FVN
|
$80.57 Million |
|
Columbus Acquisition Corp Ordinary Shares
NASDAQ:COLA
|
$80.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formosa Electronic Industries's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,588,403,000 to 1,581,769,000, a change of -6,634,000 (-0.4%).
- Net loss of 98,417,000 reduced equity.
- New share issuances of 3,277,000 increased equity.
- Other comprehensive income decreased equity by 31,692,999.
- Other factors increased equity by 120,198,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-98.42 Million | -6.22% |
| Share Issuances | NT$3.28 Million | +0.21% |
| Other Comprehensive Income | NT$-31.69 Million | -2.0% |
| Other Changes | NT$120.20 Million | +7.6% |
| Total Change | NT$- | -0.42% |
Book Value vs Market Value Analysis
This analysis compares Formosa Electronic Industries'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: 1.11x
- 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 2.02x to 1.11x 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$11.36 | NT$22.95 | x |
| 2010-12-31 | NT$19.96 | NT$22.95 | x |
| 2011-12-31 | NT$20.60 | NT$22.95 | x |
| 2012-12-31 | NT$16.05 | NT$22.95 | x |
| 2013-12-31 | NT$14.97 | NT$22.95 | x |
| 2014-12-31 | NT$14.52 | NT$22.95 | x |
| 2015-12-31 | NT$11.92 | NT$22.95 | x |
| 2016-12-31 | NT$10.07 | NT$22.95 | x |
| 2017-12-31 | NT$8.46 | NT$22.95 | x |
| 2018-12-31 | NT$7.23 | NT$22.95 | x |
| 2019-12-31 | NT$11.42 | NT$22.95 | x |
| 2020-12-31 | NT$10.09 | NT$22.95 | x |
| 2021-12-31 | NT$14.92 | NT$22.95 | x |
| 2022-12-31 | NT$18.09 | NT$22.95 | x |
| 2023-12-31 | NT$21.98 | NT$22.95 | x |
| 2024-12-31 | NT$20.72 | NT$22.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formosa Electronic Industries utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.32%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.53x
- Recent ROE (-6.22%) is below the historical average (-2.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 1.17% | 0.26% | 1.31x | 3.42x | NT$-20.89 Million |
| 2010 | 14.41% | 3.34% | 1.91x | 2.26x | NT$22.17 Million |
| 2011 | 7.10% | 2.56% | 1.60x | 1.73x | NT$-23.01 Million |
| 2012 | -2.74% | -1.03% | 1.36x | 1.96x | NT$-91.61 Million |
| 2013 | -7.17% | -3.84% | 0.90x | 2.08x | NT$-114.01 Million |
| 2014 | -3.80% | -0.93% | 1.58x | 2.60x | NT$-109.26 Million |
| 2015 | -17.31% | -5.23% | 1.44x | 2.29x | NT$-183.18 Million |
| 2016 | -17.54% | -5.86% | 1.15x | 2.61x | NT$-154.54 Million |
| 2017 | -19.13% | -10.38% | 1.09x | 1.69x | NT$-136.61 Million |
| 2018 | -17.02% | -16.75% | 0.59x | 1.72x | NT$-108.26 Million |
| 2019 | 38.40% | 148.67% | 0.18x | 1.46x | NT$180.61 Million |
| 2020 | -12.47% | -28.19% | 0.26x | 1.72x | NT$-125.61 Million |
| 2021 | -7.77% | -7.53% | 0.56x | 1.85x | NT$-155.92 Million |
| 2022 | 10.53% | 9.13% | 0.64x | 1.81x | NT$6.78 Million |
| 2023 | -2.29% | -3.97% | 0.38x | 1.53x | NT$-195.17 Million |
| 2024 | -6.22% | -10.32% | 0.40x | 1.53x | NT$-256.59 Million |
Industry Comparison
This section compares Formosa Electronic Industries's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $180,200,345,300
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formosa Electronic Industries (8171) | NT$2.49 Billion | 1.17% | 0.36x | $80.63 Million |
| Syncmold Enterprise Corp (1582) | $184.49 Million | 15.30% | 0.73x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $6.49 Billion | 0.00% | 1.01x | $1.78 Billion |
| Delta Electronics Inc (2308) | $33.12 Billion | 20.11% | 0.96x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.84 Billion | 0.00% | 1.12x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.69 Trillion | 8.40% | 1.33x | $96.56 Billion |
| Yageo Corp (2327) | $27.35 Billion | 2.10% | 0.67x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $5.49 Billion | 6.90% | 0.48x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.10 Billion | 9.66% | 0.65x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.90 Billion | 3.31% | 0.21x | $642.50 Million |
About Formosa Electronic Industries
Formosa Electronic Industries Inc. manufactures and sells single-string battery modules, mobile power supplies, wireless charging devices, green energy battery modules, and distributed energy storage systems. The company provides renewable energy sites, system integration, engineering construction, and import and export of related products. It also offers energy storage systems, energy storage eq… Read more