Co-Tech Development
Co-Tech Development Corporation, together with its subsidiaries, engages in the production and sale of copper foil for printed circuit board industry in Taiwan and China. It is also involved in investment activities. The company was formerly known as Co-Tech Copper Foil Corporation and changed its name to Co-Tech Development Corporation in June 2014. Co-Tech Development Corporation was founded in… Read more
Co-Tech Development (8358) - Net Assets
Latest net assets as of June 2025: NT$6.55 Billion TWD
Based on the latest financial reports, Co-Tech Development (8358) has net assets worth NT$6.55 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$8.47 Billion) and total liabilities (NT$1.91 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$6.55 Billion |
| % of Total Assets | 77.41% |
| Annual Growth Rate | 7.61% |
| 5-Year Change | 26.65% |
| 10-Year Change | 305.69% |
| Growth Volatility | 37.59 |
Co-Tech Development - Net Assets Trend (2009–2024)
This chart illustrates how Co-Tech Development's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Co-Tech Development (2009–2024)
The table below shows the annual net assets of Co-Tech Development from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.53 Billion | +9.15% |
| 2023-12-31 | NT$5.98 Billion | -1.66% |
| 2022-12-31 | NT$6.08 Billion | -1.37% |
| 2021-12-31 | NT$6.17 Billion | +19.64% |
| 2020-12-31 | NT$5.16 Billion | +0.63% |
| 2019-12-31 | NT$5.12 Billion | -3.26% |
| 2018-12-31 | NT$5.30 Billion | -0.53% |
| 2017-12-31 | NT$5.33 Billion | +141.40% |
| 2016-12-31 | NT$2.21 Billion | +37.03% |
| 2015-12-31 | NT$1.61 Billion | -13.45% |
| 2014-12-31 | NT$1.86 Billion | -10.75% |
| 2013-12-31 | NT$2.08 Billion | -7.06% |
| 2012-12-31 | NT$2.24 Billion | -4.72% |
| 2011-12-31 | NT$2.35 Billion | -15.97% |
| 2010-12-31 | NT$2.80 Billion | +28.92% |
| 2009-12-31 | NT$2.17 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Co-Tech Development'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 913.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.81 Billion | 27.65% |
| Other Components | NT$4.73 Billion | 72.35% |
| Total Equity | NT$6.53 Billion | 100.00% |
Co-Tech Development Competitors by Market Cap
The table below lists competitors of Co-Tech Development ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ISA ENERGIA BRASIL
SA:ISAE3
|
$1.53 Billion |
|
Landis+Gyr Group AG
OTCGREY:LGYRF
|
$1.53 Billion |
|
Zhongrun Resources Investment
SHE:000506
|
$1.53 Billion |
|
Stellar Bancorp, Inc.
NYSE:STEL
|
$1.53 Billion |
|
Innoviva Inc
NASDAQ:INVA
|
$1.53 Billion |
|
CSPC Innovation Pharmaceutical Co Ltd Class A
SHE:300765
|
$1.53 Billion |
|
XiaMen HongXin Electron-tech Co Ltd
SHE:300657
|
$1.53 Billion |
|
Veris Residential Inc
NYSE:VRE
|
$1.53 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Co-Tech Development's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,983,493,000 to 6,530,743,000, a change of 547,250,000 (9.1%).
- Net income of 921,809,000 contributed positively to equity growth.
- Dividend payments of 378,882,000 reduced retained earnings.
- Other comprehensive income decreased equity by 585,117,000.
- Other factors increased equity by 589,440,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$921.81 Million | +14.11% |
| Dividends Paid | NT$378.88 Million | -5.8% |
| Other Comprehensive Income | NT$-585.12 Million | -8.96% |
| Other Changes | NT$589.44 Million | +9.03% |
| Total Change | NT$- | 9.15% |
Book Value vs Market Value Analysis
This analysis compares Co-Tech Development'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: 9.34x
- 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 23.03x to 9.34x 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$10.49 | NT$241.50 | x |
| 2010-12-31 | NT$13.25 | NT$241.50 | x |
| 2011-12-31 | NT$10.80 | NT$241.50 | x |
| 2012-12-31 | NT$10.34 | NT$241.50 | x |
| 2013-12-31 | NT$9.61 | NT$241.50 | x |
| 2014-12-31 | NT$8.22 | NT$241.50 | x |
| 2015-12-31 | NT$7.24 | NT$241.50 | x |
| 2016-12-31 | NT$10.20 | NT$241.50 | x |
| 2017-12-31 | NT$23.84 | NT$241.50 | x |
| 2018-12-31 | NT$20.91 | NT$241.50 | x |
| 2019-12-31 | NT$20.27 | NT$241.50 | x |
| 2020-12-31 | NT$20.40 | NT$241.50 | x |
| 2021-12-31 | NT$24.39 | NT$241.50 | x |
| 2022-12-31 | NT$24.05 | NT$241.50 | x |
| 2023-12-31 | NT$23.67 | NT$241.50 | x |
| 2024-12-31 | NT$25.86 | NT$241.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Co-Tech Development utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.11%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.51%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.34x
- Recent ROE (14.11%) is above the historical average (7.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 8.45% | 5.37% | 0.67x | 2.35x | NT$-33.64 Million |
| 2010 | 17.49% | 8.46% | 1.07x | 1.93x | NT$209.73 Million |
| 2011 | -6.22% | -3.08% | 0.87x | 2.33x | NT$-381.78 Million |
| 2012 | -4.39% | -2.08% | 0.88x | 2.39x | NT$-322.81 Million |
| 2013 | -6.47% | -3.34% | 0.82x | 2.37x | NT$-343.29 Million |
| 2014 | -16.75% | -7.58% | 0.77x | 2.88x | NT$-477.03 Million |
| 2015 | -12.84% | -4.72% | 0.86x | 3.16x | NT$-358.47 Million |
| 2016 | 29.07% | 11.91% | 0.94x | 2.59x | NT$421.74 Million |
| 2017 | 21.01% | 16.87% | 0.85x | 1.47x | NT$585.22 Million |
| 2018 | 14.00% | 11.88% | 0.89x | 1.32x | NT$211.85 Million |
| 2019 | 7.74% | 7.60% | 0.76x | 1.34x | NT$-115.72 Million |
| 2020 | 10.50% | 8.97% | 0.90x | 1.31x | NT$25.95 Million |
| 2021 | 24.69% | 17.09% | 1.07x | 1.36x | NT$906.30 Million |
| 2022 | 15.90% | 13.06% | 0.97x | 1.25x | NT$358.74 Million |
| 2023 | 8.91% | 8.64% | 0.78x | 1.32x | NT$-65.44 Million |
| 2024 | 14.11% | 13.51% | 0.78x | 1.34x | NT$268.73 Million |
Industry Comparison
This section compares Co-Tech Development'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 |
|---|---|---|---|---|
| Co-Tech Development (8358) | NT$6.55 Billion | 8.45% | 0.29x | $1.53 Billion |
| 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 |