TCI Co Ltd (8436) - Net Assets
Based on the latest financial reports, TCI Co Ltd (8436) has net assets worth NT$8.63 Billion TWD (≈ $271.93 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$13.56 Billion ≈ $427.11 Million USD) and total liabilities (NT$4.93 Billion ≈ $155.18 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 8436 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$8.63 Billion |
| % of Total Assets | 63.67% |
| Annual Growth Rate | 30.97% |
| 5-Year Change | 25.04% |
| 10-Year Change | 320.83% |
| Growth Volatility | 36.29 |
TCI Co Ltd - Net Assets Trend (2010–2024)
This chart illustrates how TCI Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 8436 total assets for the complete picture of this company's asset base.
Annual Net Assets for TCI Co Ltd (2010–2024)
The table below shows the annual net assets of TCI Co Ltd from 2010 to 2024. For live valuation and market cap data, see how much is TCI Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$9.49 Billion ≈ $298.93 Million |
-3.95% |
| 2023-12-31 | NT$9.88 Billion ≈ $311.21 Million |
-2.00% |
| 2022-12-31 | NT$10.08 Billion ≈ $317.54 Million |
+9.06% |
| 2021-12-31 | NT$9.24 Billion ≈ $291.17 Million |
+21.79% |
| 2020-12-31 | NT$7.59 Billion ≈ $239.08 Million |
+5.28% |
| 2019-12-31 | NT$7.21 Billion ≈ $227.08 Million |
+24.93% |
| 2018-12-31 | NT$5.77 Billion ≈ $181.76 Million |
+68.77% |
| 2017-12-31 | NT$3.42 Billion ≈ $107.69 Million |
+22.88% |
| 2016-12-31 | NT$2.78 Billion ≈ $87.64 Million |
+23.38% |
| 2015-12-31 | NT$2.25 Billion ≈ $71.03 Million |
+31.81% |
| 2014-12-31 | NT$1.71 Billion ≈ $53.89 Million |
+40.61% |
| 2013-12-31 | NT$1.22 Billion ≈ $38.32 Million |
+90.62% |
| 2012-12-31 | NT$638.13 Million ≈ $20.10 Million |
+27.61% |
| 2011-12-31 | NT$500.05 Million ≈ $15.75 Million |
+130.46% |
| 2010-12-31 | NT$216.98 Million ≈ $6.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TCI 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 5034.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.32 Billion | 41.07% |
| Other Components | NT$4.77 Billion | 58.93% |
| Total Equity | NT$8.10 Billion | 100.00% |
TCI Co Ltd Competitors by Market Cap
The table below lists competitors of TCI Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cafe24 Corp
KQ:042000
|
$423.56 Million |
|
Stitch Fix
NASDAQ:SFIX
|
$423.57 Million |
|
Chongqing YuXin Pingrui Electronic Co. Ltd.
SHE:301107
|
$423.68 Million |
|
TWC Enterprises Ltd
TO:TWC
|
$423.83 Million |
|
Sunlour Pigment CO.LTD.
SHE:301036
|
$423.34 Million |
|
Nanjing Chervon Auto Precision Technology Co Ltd
SHG:603982
|
$423.16 Million |
|
Mattr Corp
TO:MATR
|
$423.03 Million |
|
Invivyd Inc.
NASDAQ:IVVD
|
$422.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TCI Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,223,057,000 to 8,096,098,000, a change of -126,959,000 (-1.5%).
- Net income of 851,499,000 contributed positively to equity growth.
- Dividend payments of 824,102,000 reduced retained earnings.
- Share repurchases of 623,438,000 reduced equity.
- Other comprehensive income decreased equity by 3,781,573,000.
- Other factors increased equity by 4,250,655,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$851.50 Million | +10.52% |
| Dividends Paid | NT$824.10 Million | -10.18% |
| Share Repurchases | NT$623.44 Million | -7.7% |
| Other Comprehensive Income | NT$-3.78 Billion | -46.71% |
| Other Changes | NT$4.25 Billion | +52.5% |
| Total Change | NT$- | -1.54% |
Book Value vs Market Value Analysis
This analysis compares TCI 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: 1.74x
- 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 37.99x to 1.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$3.21 | NT$122.00 | x |
| 2011-12-31 | NT$6.79 | NT$122.00 | x |
| 2012-12-31 | NT$7.58 | NT$122.00 | x |
| 2013-12-31 | NT$13.87 | NT$122.00 | x |
| 2014-12-31 | NT$17.62 | NT$122.00 | x |
| 2015-12-31 | NT$20.95 | NT$122.00 | x |
| 2016-12-31 | NT$24.16 | NT$122.00 | x |
| 2017-12-31 | NT$29.25 | NT$122.00 | x |
| 2018-12-31 | NT$48.09 | NT$122.00 | x |
| 2019-12-31 | NT$58.75 | NT$122.00 | x |
| 2020-12-31 | NT$62.65 | NT$122.00 | x |
| 2021-12-31 | NT$68.73 | NT$122.00 | x |
| 2022-12-31 | NT$68.54 | NT$122.00 | x |
| 2023-12-31 | NT$70.45 | NT$122.00 | x |
| 2024-12-31 | NT$70.28 | NT$122.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TCI 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): 10.52%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.76%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.69x
- Recent ROE (10.52%) is below the historical average (18.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 28.97% | 6.93% | 1.73x | 2.42x | NT$40.48 Million |
| 2011 | 18.62% | 9.68% | 0.87x | 2.21x | NT$43.08 Million |
| 2012 | 21.32% | 11.77% | 0.94x | 1.93x | NT$72.08 Million |
| 2013 | 11.83% | 10.24% | 0.82x | 1.41x | NT$22.26 Million |
| 2014 | 9.28% | 10.88% | 0.58x | 1.47x | NT$-12.36 Million |
| 2015 | 11.05% | 11.99% | 0.65x | 1.42x | NT$23.57 Million |
| 2016 | 18.69% | 16.60% | 0.80x | 1.41x | NT$240.07 Million |
| 2017 | 21.03% | 17.49% | 0.84x | 1.43x | NT$373.62 Million |
| 2018 | 31.36% | 22.16% | 0.79x | 1.80x | NT$1.22 Billion |
| 2019 | 28.26% | 21.08% | 0.88x | 1.52x | NT$1.30 Billion |
| 2020 | 24.52% | 22.36% | 0.69x | 1.60x | NT$1.09 Billion |
| 2021 | 19.04% | 18.02% | 0.58x | 1.81x | NT$734.12 Million |
| 2022 | 8.80% | 9.60% | 0.49x | 1.86x | NT$-97.36 Million |
| 2023 | 10.90% | 11.18% | 0.57x | 1.71x | NT$73.95 Million |
| 2024 | 10.52% | 11.76% | 0.53x | 1.69x | NT$41.89 Million |
Industry Comparison
This section compares TCI Co Ltd's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $2,502,275,100
- Average return on equity (ROE) among peers: 13.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TCI Co Ltd (8436) | NT$8.63 Billion | 28.97% | 0.57x | $423.51 Million |
| Farcent Enterprise Co Ltd (1730) | $654.29 Million | 5.96% | 0.33x | $105.19 Million |
| Mao Bao Inc (1732) | $431.96 Million | 0.00% | 0.23x | $35.44 Million |
| Taiyen Biotech Co Ltd (1737) | $6.02 Billion | 5.88% | 0.20x | $198.80 Million |
| Sanitar Co Ltd (1817) | $1.30 Billion | 12.73% | 0.26x | $87.43 Million |
| Shihlin Paper Corp (1903) | $3.96 Billion | -4.27% | 0.79x | $403.90 Million |
| Jia Wei Lifestyle Inc (3557) | $2.28 Billion | 25.59% | 1.23x | $78.23 Million |
| Chlitina Holding Ltd (4137) | $4.38 Billion | 32.68% | 0.86x | $279.39 Million |
| Jourdeness Group Ltd (4190) | $1.86 Billion | 28.31% | 2.22x | $46.26 Million |
| Kuangli Photoelectric Technology Co Ltd (6431) | $1.26 Billion | 5.83% | 0.13x | $64.44 Million |
| Nan Liu Enterprise Co Ltd (6504) | $2.87 Billion | 18.84% | 1.35x | $91.03 Million |
About TCI Co Ltd
TCI Co., Ltd., an original design manufacturer company, engages in the manufacturing, wholesale, and retail of health foods and cosmetics products in Taiwan, Mainland China, the United States, and internationally. The company offers liquid and solid supplements; immunity products; functional probiotics; basic nutrition; detox slimming; body health; sports nutrition supplement products; laundry de… Read more