Forward Graphic Enterprise Co Ltd (8906) - Net Assets
Based on the latest financial reports, Forward Graphic Enterprise Co Ltd (8906) has net assets worth NT$471.47 Million TWD (≈ $14.85 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.99 Billion ≈ $94.19 Million USD) and total liabilities (NT$2.52 Billion ≈ $79.33 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 asset resilience ratio of Forward Graphic Enterprise Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$471.47 Million |
| % of Total Assets | 15.77% |
| Annual Growth Rate | 3.89% |
| 5-Year Change | 29.17% |
| 10-Year Change | N/A |
| Growth Volatility | 10.62 |
Forward Graphic Enterprise Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Forward Graphic Enterprise Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 8906 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Forward Graphic Enterprise Co Ltd (2017–2025)
The table below shows the annual net assets of Forward Graphic Enterprise Co Ltd from 2017 to 2025. For live valuation and market cap data, see 8906 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$471.47 Million ≈ $14.85 Million |
+0.15% |
| 2024-12-31 | NT$470.77 Million ≈ $14.83 Million |
-0.67% |
| 2023-12-31 | NT$473.97 Million ≈ $14.93 Million |
+32.25% |
| 2022-12-31 | NT$358.39 Million ≈ $11.29 Million |
-1.81% |
| 2021-12-31 | NT$364.99 Million ≈ $11.50 Million |
+0.28% |
| 2020-12-31 | NT$363.96 Million ≈ $11.47 Million |
+0.75% |
| 2019-12-31 | NT$361.24 Million ≈ $11.38 Million |
+3.08% |
| 2018-12-31 | NT$350.44 Million ≈ $11.04 Million |
+0.84% |
| 2017-12-31 | NT$347.51 Million ≈ $10.95 Million |
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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 14020900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$504.10 Million | 106.92% |
| Total Equity | NT$471.47 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 |
|---|---|
|
Shankara Building Products Limited
NSE:SHANKARA
|
$31.88 Million |
|
Natural Health Trends Corp
F:NAH
|
$31.89 Million |
|
Pivotree Inc
V:PVT
|
$31.89 Million |
|
Avrasya Gayrimenkul Yatirim Ortakligi AS
IS:AVGYO
|
$31.89 Million |
|
SBF AG
F:CY1K
|
$31.84 Million |
|
Yayla Enerji Uretim Turizm ve
IS:YAYLA
|
$31.84 Million |
|
Alpha Trust Andromeda Investment Trust S.A
AT:ANDRO
|
$31.83 Million |
|
GREEN360 Technologies Ltd
AU:GT3
|
$31.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forward Graphic Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 470,771,000 to 471,468,000, a change of 697,000 (0.1%).
- Net loss of 32,758,000 reduced equity.
- Dividend payments of 4,216,000 reduced retained earnings.
- Other factors increased equity by 37,671,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-32.76 Million | -6.95% |
| Dividends Paid | NT$4.22 Million | -0.89% |
| Other Changes | NT$37.67 Million | +7.99% |
| Total Change | NT$- | 0.15% |
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: 2.15x
- 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$24.00 | x |
| 2018-12-31 | NT$10.90 | NT$24.00 | x |
| 2019-12-31 | NT$11.23 | NT$24.00 | x |
| 2020-12-31 | NT$12.02 | NT$24.00 | x |
| 2021-12-31 | NT$11.35 | NT$24.00 | x |
| 2022-12-31 | NT$11.14 | NT$24.00 | x |
| 2023-12-31 | NT$11.24 | NT$24.00 | x |
| 2024-12-31 | NT$11.17 | NT$24.00 | x |
| 2025-12-31 | NT$11.18 | NT$24.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forward Graphic Enterprise Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.25%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 6.34x
- Recent ROE (-6.95%) is below the historical average (-1.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -1.98% | -3.57% | 0.41x | 1.35x | NT$-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$-56.39 Million |
| 2025 | -6.95% | -16.25% | 0.07x | 6.34x | NT$-79.90 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: $2,270,049,667
- Average return on equity (ROE) among peers: 10.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forward Graphic Enterprise Co Ltd (8906) | NT$471.47 Million | -1.98% | 5.34x | $31.88 Million |
| Farglory FTZ Investment Holding Co Ltd (5607) | $4.38 Billion | 6.14% | 0.58x | $542.86 Million |
| Sporton International (6146) | $3.73 Billion | 18.77% | 0.27x | $709.27 Million |
| Trade-Van Information Services Co (6183) | $2.22 Billion | 5.11% | 0.12x | $435.72 Million |
| Bai Sha Technology Co Ltd (8401) | $1.00 Billion | 10.87% | 0.39x | $54.44 Million |
| Transart Graphics Co Ltd (8481) | $1.08 Billion | 23.05% | 0.26x | $85.82 Million |
| Choice Development Inc (9929) | $1.20 Billion | 0.00% | 2.93x | $35.74 Million |
About 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