Forward Graphic Enterprise Co Ltd
Forward Graphic Enterprise Co., Ltd. engages in the manufacture and sale of printed matter, plastic products, handicrafts, and cardboard and paper products in Taiwan. The company also offers box, gift box, chocolate box, and bag products; book; notebook; catalogue/flyer; calendar; and special, DIY, and eco friendly products. In addition, it provides product design, prepress, printing equipment, a… Read more
Forward Graphic Enterprise Co Ltd (8906) - Net Assets
Latest net assets as of September 2025: NT$463.83 Million TWD
Based on the latest financial reports, Forward Graphic Enterprise Co Ltd (8906) has net assets worth NT$463.83 Million 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$2.68 Billion) and total liabilities (NT$2.22 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$463.83 Million |
| % of Total Assets | 17.29% |
| Annual Growth Rate | 4.43% |
| 5-Year Change | 29.35% |
| 10-Year Change | N/A |
| Growth Volatility | 11.23 |
Forward Graphic Enterprise Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Forward Graphic Enterprise Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Forward Graphic Enterprise Co Ltd (2017–2024)
The table below shows the annual net assets of Forward Graphic Enterprise Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$470.77 Million | -0.67% |
| 2023-12-31 | NT$473.97 Million | +32.25% |
| 2022-12-31 | NT$358.39 Million | -1.81% |
| 2021-12-31 | NT$364.99 Million | +0.28% |
| 2020-12-31 | NT$363.96 Million | +0.75% |
| 2019-12-31 | NT$361.24 Million | +3.08% |
| 2018-12-31 | NT$350.44 Million | +0.84% |
| 2017-12-31 | NT$347.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forward Graphic Enterprise 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 13453500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$509.08 Million | 108.14% |
| Total Equity | NT$470.77 Million | 100.00% |
Forward Graphic Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of Forward Graphic Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Noodles & Company
NASDAQ:NDLS
|
$25.75 Million |
|
VerticalScope Holdings Inc
TO:FORA
|
$25.75 Million |
|
CPE Technology Berhad
KLSE:5317
|
$25.76 Million |
|
LI Ming Development Construction Co Ltd
TWO:6212
|
$25.77 Million |
|
Vine Hill Capital Investment Corp. Warrant
NASDAQ:VCICW
|
$25.73 Million |
|
Iofina plc
PINK:IOFNF
|
$25.73 Million |
|
Grand River Commerce Inc
OTCQX:GNRV
|
$25.72 Million |
|
HNO International Inc
PINK:HNOI
|
$25.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forward Graphic Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 473,967,000 to 470,771,000, a change of -3,196,000 (-0.7%).
- Net loss of 9,312,000 reduced equity.
- Other factors increased equity by 6,116,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-9.31 Million | -1.98% |
| Other Changes | NT$6.12 Million | +1.3% |
| Total Change | NT$- | -0.67% |
Book Value vs Market Value Analysis
This analysis compares Forward Graphic Enterprise 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: 2.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$10.81 | NT$30.80 | x |
| 2018-12-31 | NT$10.90 | NT$30.80 | x |
| 2019-12-31 | NT$11.23 | NT$30.80 | x |
| 2020-12-31 | NT$12.02 | NT$30.80 | x |
| 2021-12-31 | NT$11.35 | NT$30.80 | x |
| 2022-12-31 | NT$11.14 | NT$30.80 | x |
| 2023-12-31 | NT$11.24 | NT$30.80 | x |
| 2024-12-31 | NT$11.17 | NT$30.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forward Graphic Enterprise Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.00%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 4.46x
- Recent ROE (-1.98%) is below the historical average (-0.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -1.98% | -3.57% | 0.41x | 1.35x | NT$-41.64 Million |
| 2018 | 0.12% | 0.24% | 0.36x | 1.46x | NT$-34.61 Million |
| 2019 | 2.80% | 5.16% | 0.27x | 2.01x | NT$-26.01 Million |
| 2020 | 0.68% | 1.33% | 0.17x | 2.98x | NT$-33.91 Million |
| 2021 | 0.88% | 1.47% | 0.19x | 3.17x | NT$-33.28 Million |
| 2022 | -1.40% | -2.19% | 0.18x | 3.49x | NT$-40.84 Million |
| 2023 | -6.26% | -13.61% | 0.15x | 3.16x | NT$-77.05 Million |
| 2024 | -1.98% | -4.00% | 0.11x | 4.46x | NT$-56.39 Million |
Industry Comparison
This section compares Forward Graphic Enterprise Co Ltd's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $2,239,779,500
- Average return on equity (ROE) among peers: 16.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forward Graphic Enterprise Co Ltd (8906) | NT$463.83 Million | -1.98% | 4.78x | $25.75 Million |
| Farglory FTZ Investment Holding Co Ltd (5607) | $3.06 Billion | 0.32% | 1.09x | $231.53 Million |
| Sporton International (6146) | $4.07 Billion | 18.22% | 0.31x | $421.54 Million |
| Trade-Van Information Services Co (6183) | $1.87 Billion | 9.08% | 0.20x | $149.27 Million |
| ChainSea Information Integration Co.,Ltd. (6898) | $400.56 Million | 33.53% | 0.61x | $52.19 Million |
| Dong Fang Offshore Co., Ltd. (7786) | $5.17 Billion | 23.75% | 0.53x | $274.56 Million |
| Bai Sha Technology Co Ltd (8401) | $1.13 Billion | 15.15% | 0.37x | $36.67 Million |
| Transart Graphics Co Ltd (8481) | $1.00 Billion | 30.15% | 0.30x | $33.02 Million |
| Choice Development Inc (9929) | $1.20 Billion | 0.00% | 2.93x | $10.77 Million |