QST International
QST International Corp. manufactures and sells automotive fasteners and metal parts worldwide. The company provides proprietary fasteners, such as screws and induction hardened bolts; and auto fasteners, including weld bolts and weld studs, screws and washer assemblies, multi-die headed pins and rivets, and special screws per print, as well as internal, external, and non-fasteners. It serves car … Read more
QST International (8349) - Net Assets
Latest net assets as of September 2025: NT$8.06 Billion TWD
Based on the latest financial reports, QST International (8349) has net assets worth NT$8.06 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$22.53 Billion) and total liabilities (NT$14.47 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$8.06 Billion |
| % of Total Assets | 35.79% |
| Annual Growth Rate | 14.64% |
| 5-Year Change | 57.98% |
| 10-Year Change | 79.72% |
| Growth Volatility | 32.15 |
QST International - Net Assets Trend (2002–2024)
This chart illustrates how QST International's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for QST International (2002–2024)
The table below shows the annual net assets of QST International from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.56 Billion | +17.63% |
| 2023-12-31 | NT$6.43 Billion | +15.59% |
| 2022-12-31 | NT$5.56 Billion | +16.10% |
| 2021-12-31 | NT$4.79 Billion | +0.07% |
| 2020-12-31 | NT$4.79 Billion | +15.49% |
| 2019-12-31 | NT$4.14 Billion | -8.20% |
| 2018-12-31 | NT$4.51 Billion | -25.85% |
| 2017-12-31 | NT$6.09 Billion | +46.28% |
| 2016-12-31 | NT$4.16 Billion | -1.07% |
| 2015-12-31 | NT$4.21 Billion | -6.65% |
| 2014-12-31 | NT$4.51 Billion | +139.92% |
| 2013-12-31 | NT$1.88 Billion | +60.56% |
| 2012-12-31 | NT$1.17 Billion | +3.27% |
| 2011-12-31 | NT$1.13 Billion | +11.07% |
| 2010-12-31 | NT$1.02 Billion | +8.61% |
| 2009-12-31 | NT$939.27 Million | -6.73% |
| 2008-12-31 | NT$1.01 Billion | +6.77% |
| 2007-12-31 | NT$943.20 Million | +22.87% |
| 2006-12-31 | NT$767.66 Million | +29.47% |
| 2005-12-31 | NT$592.94 Million | +18.18% |
| 2004-12-31 | NT$501.73 Million | +8.97% |
| 2003-12-31 | NT$460.44 Million | +23.07% |
| 2002-12-31 | NT$374.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to QST International'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 1512.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.00 Billion | 15.82% |
| Other Components | NT$5.33 Billion | 84.18% |
| Total Equity | NT$6.33 Billion | 100.00% |
QST International Competitors by Market Cap
The table below lists competitors of QST International ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Huifa Foodstuff Co
SHG:603536
|
$149.80 Million |
|
Israir Group Ltd
TA:ISRG
|
$149.84 Million |
|
Global Tax Free Co. Ltd
KQ:204620
|
$149.87 Million |
|
Admicom Oyj
HE:ADMCM
|
$149.87 Million |
|
Aarti Drugs Limited
NSE:AARTIDRUGS
|
$149.72 Million |
|
Fentura Financial Inc
OTCQX:FETM
|
$149.71 Million |
|
Focus Lightings Tech Co Ltd
SHE:300708
|
$149.67 Million |
|
Risuntek Inc
SHE:002981
|
$149.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QST International's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,491,432,000 to 6,328,522,000, a change of 837,090,000 (15.2%).
- Net income of 739,314,000 contributed positively to equity growth.
- Dividend payments of 246,608,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,550,273,000.
- Other factors increased equity by 2,894,657,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$739.31 Million | +11.68% |
| Dividends Paid | NT$246.61 Million | -3.9% |
| Other Comprehensive Income | NT$-2.55 Billion | -40.3% |
| Other Changes | NT$2.89 Billion | +45.74% |
| Total Change | NT$- | 15.24% |
Book Value vs Market Value Analysis
This analysis compares QST International'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: 1.29x
- 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 3.87x to 1.29x 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$11.18 | NT$43.25 | x |
| 2007-12-31 | NT$10.91 | NT$43.25 | x |
| 2008-12-31 | NT$11.44 | NT$43.25 | x |
| 2009-12-31 | NT$11.20 | NT$43.25 | x |
| 2010-12-31 | NT$10.71 | NT$43.25 | x |
| 2011-12-31 | NT$11.87 | NT$43.25 | x |
| 2012-12-31 | NT$12.83 | NT$43.25 | x |
| 2013-12-31 | NT$22.05 | NT$43.25 | x |
| 2014-12-31 | NT$30.45 | NT$43.25 | x |
| 2015-12-31 | NT$25.50 | NT$43.25 | x |
| 2016-12-31 | NT$21.13 | NT$43.25 | x |
| 2017-12-31 | NT$31.58 | NT$43.25 | x |
| 2018-12-31 | NT$31.03 | NT$43.25 | x |
| 2019-12-31 | NT$24.75 | NT$43.25 | x |
| 2020-12-31 | NT$29.05 | NT$43.25 | x |
| 2021-12-31 | NT$28.95 | NT$43.25 | x |
| 2022-12-31 | NT$34.23 | NT$43.25 | x |
| 2023-12-31 | NT$35.57 | NT$43.25 | x |
| 2024-12-31 | NT$33.55 | NT$43.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QST International 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): 11.68%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.63%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 3.40x
- Recent ROE (11.68%) is below the historical average (11.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 15.30% | 3.93% | 1.88x | 2.07x | NT$19.84 Million |
| 2003 | 13.68% | 3.54% | 1.61x | 2.40x | NT$16.93 Million |
| 2004 | 18.51% | 3.84% | 1.57x | 3.08x | NT$42.72 Million |
| 2005 | 19.79% | 4.44% | 1.67x | 2.66x | NT$56.80 Million |
| 2006 | 16.12% | 3.93% | 1.26x | 3.24x | NT$43.84 Million |
| 2007 | 5.25% | 1.57% | 1.16x | 2.89x | NT$-41.56 Million |
| 2008 | 4.42% | 1.27% | 1.16x | 3.02x | NT$-51.86 Million |
| 2009 | -3.84% | -1.56% | 0.90x | 2.75x | NT$-120.99 Million |
| 2010 | 9.90% | 2.76% | 1.11x | 3.24x | NT$-958.60K |
| 2011 | 12.72% | 3.47% | 1.23x | 2.99x | NT$28.50 Million |
| 2012 | 12.95% | 3.73% | 1.25x | 2.79x | NT$31.92 Million |
| 2013 | 12.71% | 5.75% | 1.00x | 2.22x | NT$48.28 Million |
| 2014 | 10.89% | 4.44% | 0.64x | 3.84x | NT$24.83 Million |
| 2015 | 18.06% | 5.09% | 0.93x | 3.83x | NT$220.40 Million |
| 2016 | 19.02% | 5.01% | 0.95x | 4.01x | NT$237.84 Million |
| 2017 | 16.01% | 6.66% | 0.85x | 2.82x | NT$258.45 Million |
| 2018 | 14.80% | 5.79% | 0.90x | 2.83x | NT$203.32 Million |
| 2019 | 6.75% | 2.53% | 0.83x | 3.20x | NT$-121.12 Million |
| 2020 | 6.63% | 3.32% | 0.70x | 2.85x | NT$-149.41 Million |
| 2021 | 8.40% | 3.69% | 0.75x | 3.04x | NT$-71.55 Million |
| 2022 | 11.19% | 5.13% | 0.69x | 3.15x | NT$62.65 Million |
| 2023 | 8.62% | 3.87% | 0.66x | 3.39x | NT$-75.60 Million |
| 2024 | 11.68% | 5.63% | 0.61x | 3.40x | NT$106.46 Million |
Industry Comparison
This section compares QST International's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $3,425,314,700
- Average return on equity (ROE) among peers: 7.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QST International (8349) | NT$8.06 Billion | 15.30% | 1.79x | $149.74 Million |
| Basso Industry Corp (1527) | $4.69 Billion | 15.81% | 0.15x | $112.50 Million |
| Jenn Feng New Energy Co Ltd (1538) | $314.60 Million | -31.60% | 2.89x | $5.14 Million |
| Chang Type Industrial Co Ltd (1541) | $876.37 Million | -2.60% | 1.04x | $24.94 Million |
| Kinik Co (1560) | $6.09 Billion | 20.48% | 0.57x | $1.40 Billion |
| De Poan Pneumatic (1570) | $693.89 Million | 11.00% | 0.29x | $31.32 Million |
| Inmax Holding Co Ltd (1591) | $393.55 Million | 2.06% | 0.58x | $42.14 Million |
| Tycoons Group Enterprise Co Ltd (2022) | $7.12 Billion | 4.66% | 0.86x | $64.34 Million |
| Hiwin Technologies Corp (2049) | $11.80 Billion | 17.14% | 1.34x | $1.96 Billion |
| Sheh Kai Precision Co Ltd (2063) | $566.73 Million | 22.21% | 0.62x | $22.55 Million |
| Sheh Fung Screws Co Ltd (2065) | $1.71 Billion | 16.18% | 0.72x | $39.62 Million |