Phison Electronics
Phison Electronics Corp., together with its subsidiaries, designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally. The company offers solid-state drives (SSDs) for laptops, desktops, tablet PCs, and game consoles; servers, data centers, and rack storage applications; IOT devices, machinery, air… Read more
Phison Electronics (8299) - Net Assets
Latest net assets as of September 2025: NT$50.08 Billion TWD
Based on the latest financial reports, Phison Electronics (8299) has net assets worth NT$50.08 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$73.73 Billion) and total liabilities (NT$23.65 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$50.08 Billion |
| % of Total Assets | 67.93% |
| Annual Growth Rate | 24.44% |
| 5-Year Change | 39.57% |
| 10-Year Change | 141.03% |
| Growth Volatility | 28.63 |
Phison Electronics - Net Assets Trend (2003–2024)
This chart illustrates how Phison Electronics's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Phison Electronics (2003–2024)
The table below shows the annual net assets of Phison Electronics from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$49.07 Billion | +14.67% |
| 2023-12-31 | NT$42.79 Billion | +13.70% |
| 2022-12-31 | NT$37.63 Billion | +0.87% |
| 2021-12-31 | NT$37.31 Billion | +6.12% |
| 2020-12-31 | NT$35.16 Billion | +20.44% |
| 2019-12-31 | NT$29.19 Billion | +8.46% |
| 2018-12-31 | NT$26.91 Billion | +3.28% |
| 2017-12-31 | NT$26.06 Billion | +13.31% |
| 2016-12-31 | NT$23.00 Billion | +12.98% |
| 2015-12-31 | NT$20.36 Billion | +23.24% |
| 2014-12-31 | NT$16.52 Billion | +17.80% |
| 2013-12-31 | NT$14.02 Billion | +13.86% |
| 2012-12-31 | NT$12.32 Billion | +13.99% |
| 2011-12-31 | NT$10.80 Billion | +21.61% |
| 2010-12-31 | NT$8.88 Billion | +10.71% |
| 2009-12-31 | NT$8.02 Billion | +52.45% |
| 2008-12-31 | NT$5.26 Billion | +5.35% |
| 2007-12-31 | NT$5.00 Billion | +75.50% |
| 2006-12-31 | NT$2.85 Billion | +60.89% |
| 2005-12-31 | NT$1.77 Billion | +113.65% |
| 2004-12-31 | NT$828.25 Million | +66.70% |
| 2003-12-31 | NT$496.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Phison Electronics'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 13161.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$34.28 Billion | 69.88% |
| Other Components | NT$14.77 Billion | 30.12% |
| Total Equity | NT$49.06 Billion | 100.00% |
Phison Electronics Competitors by Market Cap
The table below lists competitors of Phison Electronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanxi Xinghuacun Fen Wine Factory Co Ltd
SHG:600809
|
$8.87 Billion |
|
CGN Power
SHE:003816
|
$8.87 Billion |
|
China Resources Land Ltd
PINK:CRBJF
|
$8.88 Billion |
|
Interpublic Group of Companies Inc
NYSE:IPG
|
$8.88 Billion |
|
InterDigital Inc
NASDAQ:IDCC
|
$8.87 Billion |
|
Bank Polska Kasa Opieki S.A
OTCGREY:BKPKF
|
$8.86 Billion |
|
Shimano Inc
PINK:SHMDF
|
$8.84 Billion |
|
CATHAY PAC.AIRW.HD-20ADR5
F:CTYA
|
$8.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phison Electronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 42,788,153,000 to 49,056,697,000, a change of 6,268,544,000 (14.7%).
- Net income of 7,953,206,000 contributed positively to equity growth.
- Dividend payments of 2,660,817,000 reduced retained earnings.
- New share issuances of 1,538,643,000 increased equity.
- Other comprehensive income decreased equity by 7,110,365,000.
- Other factors increased equity by 6,547,877,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$7.95 Billion | +16.21% |
| Dividends Paid | NT$2.66 Billion | -5.42% |
| Share Issuances | NT$1.54 Billion | +3.14% |
| Other Comprehensive Income | NT$-7.11 Billion | -14.49% |
| Other Changes | NT$6.55 Billion | +13.35% |
| Total Change | NT$- | 14.65% |
Book Value vs Market Value Analysis
This analysis compares Phison Electronics'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: 7.54x
- 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 76.88x to 7.54x 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$23.41 | NT$1800.00 | x |
| 2007-12-31 | NT$38.19 | NT$1800.00 | x |
| 2008-12-31 | NT$38.04 | NT$1800.00 | x |
| 2009-12-31 | NT$44.93 | NT$1800.00 | x |
| 2010-12-31 | NT$48.70 | NT$1800.00 | x |
| 2011-12-31 | NT$59.35 | NT$1800.00 | x |
| 2012-12-31 | NT$67.47 | NT$1800.00 | x |
| 2013-12-31 | NT$76.34 | NT$1800.00 | x |
| 2014-12-31 | NT$88.88 | NT$1800.00 | x |
| 2015-12-31 | NT$102.24 | NT$1800.00 | x |
| 2016-12-31 | NT$115.05 | NT$1800.00 | x |
| 2017-12-31 | NT$130.40 | NT$1800.00 | x |
| 2018-12-31 | NT$134.60 | NT$1800.00 | x |
| 2019-12-31 | NT$146.22 | NT$1800.00 | x |
| 2020-12-31 | NT$173.83 | NT$1800.00 | x |
| 2021-12-31 | NT$183.59 | NT$1800.00 | x |
| 2022-12-31 | NT$180.91 | NT$1800.00 | x |
| 2023-12-31 | NT$206.12 | NT$1800.00 | x |
| 2024-12-31 | NT$238.79 | NT$1800.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phison Electronics 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): 16.21%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.49%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.41x
- Recent ROE (16.21%) is below the historical average (23.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 50.03% | 10.06% | 2.10x | 2.36x | NT$198.88 Million |
| 2004 | 42.06% | 8.73% | 2.54x | 1.90x | NT$265.50 Million |
| 2005 | 33.35% | 9.35% | 2.20x | 1.62x | NT$413.13 Million |
| 2006 | 37.62% | 8.60% | 2.15x | 2.03x | NT$786.50 Million |
| 2007 | 27.91% | 6.88% | 2.61x | 1.55x | NT$894.89 Million |
| 2008 | 10.52% | 2.94% | 2.56x | 1.40x | NT$27.60 Million |
| 2009 | 25.71% | 8.43% | 1.84x | 1.66x | NT$1.26 Billion |
| 2010 | 17.06% | 4.77% | 2.33x | 1.54x | NT$627.30 Million |
| 2011 | 24.22% | 8.09% | 2.08x | 1.44x | NT$1.54 Billion |
| 2012 | 21.89% | 8.15% | 1.91x | 1.40x | NT$1.46 Billion |
| 2013 | 22.61% | 9.85% | 1.62x | 1.42x | NT$1.77 Billion |
| 2014 | 19.38% | 9.68% | 1.45x | 1.38x | NT$1.55 Billion |
| 2015 | 19.68% | 10.76% | 1.34x | 1.37x | NT$1.97 Billion |
| 2016 | 21.17% | 11.12% | 1.37x | 1.39x | NT$2.57 Billion |
| 2017 | 22.11% | 13.76% | 1.19x | 1.35x | NT$3.16 Billion |
| 2018 | 16.05% | 10.59% | 1.12x | 1.35x | NT$1.63 Billion |
| 2019 | 15.58% | 10.17% | 1.16x | 1.32x | NT$1.63 Billion |
| 2020 | 24.74% | 17.94% | 1.02x | 1.35x | NT$5.18 Billion |
| 2021 | 21.84% | 13.02% | 0.99x | 1.69x | NT$4.42 Billion |
| 2022 | 14.35% | 8.96% | 1.00x | 1.59x | NT$1.64 Billion |
| 2023 | 8.47% | 7.52% | 0.74x | 1.52x | NT$-654.39 Million |
| 2024 | 16.21% | 13.49% | 0.85x | 1.41x | NT$3.05 Billion |
Industry Comparison
This section compares Phison Electronics's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $20,387,667,400
- Average return on equity (ROE) among peers: -0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Phison Electronics (8299) | NT$50.08 Billion | 50.03% | 0.47x | $8.87 Billion |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Winbond Electronics Corp (2344) | $78.11 Billion | 0.00% | 0.35x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |