SIM Technology Group Limited
SIM Technology Group Limited, an investment holding company, designs, develops, manufactures, and sells handsets and Internet of Things (IOT) terminals in China, Hong Kong, other Asian countries, Europe, and the United States. The company operates through Handsets and IOT Terminals Business, Automotive Intelligent Products Business, and Property Management segments. It also offers electronic manu… Read more
SIM Technology Group Limited (SIMTF) - Net Assets
Latest net assets as of June 2025: $1.46 Billion USD
Based on the latest financial reports, SIM Technology Group Limited (SIMTF) has net assets worth $1.46 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.88 Billion) and total liabilities ($418.95 Million). 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 | $1.46 Billion |
| % of Total Assets | 77.76% |
| Annual Growth Rate | 9.24% |
| 5-Year Change | -33.43% |
| 10-Year Change | -28.45% |
| Growth Volatility | 69.81 |
SIM Technology Group Limited - Net Assets Trend (2004–2024)
This chart illustrates how SIM Technology Group Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SIM Technology Group Limited (2004–2024)
The table below shows the annual net assets of SIM Technology Group Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.43 Billion | -11.69% |
| 2023-12-31 | $1.62 Billion | +23.76% |
| 2022-12-31 | $1.31 Billion | -30.93% |
| 2021-12-31 | $1.89 Billion | -11.81% |
| 2020-12-31 | $2.15 Billion | +1.76% |
| 2019-12-31 | $2.11 Billion | -5.03% |
| 2018-12-31 | $2.22 Billion | -0.04% |
| 2017-12-31 | $2.22 Billion | +4.26% |
| 2016-12-31 | $2.13 Billion | +6.71% |
| 2015-12-31 | $2.00 Billion | 0.00% |
| 2014-12-31 | $2.00 Billion | +2.01% |
| 2013-12-31 | $1.96 Billion | -9.80% |
| 2012-12-31 | $2.17 Billion | +4.67% |
| 2011-12-31 | $2.07 Billion | +14.06% |
| 2010-12-31 | $1.82 Billion | +17.78% |
| 2009-12-31 | $1.54 Billion | +15.66% |
| 2008-12-31 | $1.34 Billion | +7.26% |
| 2007-12-31 | $1.25 Billion | +11.15% |
| 2006-12-31 | $1.12 Billion | +9.83% |
| 2005-12-31 | $1.02 Billion | +318.08% |
| 2004-12-31 | $243.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SIM Technology Group Limited'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 decreased by 11453600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $214.34 Million | 14.88% |
| Other Comprehensive Income | $487.97 Million | 33.89% |
| Other Components | $852.21 Million | 59.18% |
| Total Equity | $1.44 Billion | 100.00% |
SIM Technology Group Limited Competitors by Market Cap
The table below lists competitors of SIM Technology Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tamilnadu PetroProducts Limited
NSE:TNPETRO
|
$42.70 Million |
|
Harboes Bryggeri A/S
CO:HARB-B
|
$42.72 Million |
|
Battery Future Acquisition Corp
NYSE:BFAC
|
$42.72 Million |
|
Sygnity SA
WAR:SGN
|
$42.72 Million |
|
Powertip Technology Corporation
TWO:6167
|
$42.70 Million |
|
Ifishdeco PT
JK:IFSH
|
$42.70 Million |
|
Kristal Kola ve Mesrubat Sanayi Ticaret AS
IS:KRSTL
|
$42.70 Million |
|
Yamaya Corporation
F:WY2
|
$42.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SIM Technology Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,619,926,000 to 1,439,986,000, a change of -179,940,000 (-11.1%).
- Net loss of 94,780,000 reduced equity.
- Dividend payments of 85,734,000 reduced retained earnings.
- Other comprehensive income decreased equity by 8,579,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-94.78 Million | -6.58% |
| Dividends Paid | $85.73 Million | -5.95% |
| Other Comprehensive Income | $-8.58 Million | -0.6% |
| Other Changes | $9.15 Million | +0.64% |
| Total Change | $- | -11.11% |
Book Value vs Market Value Analysis
This analysis compares SIM Technology Group Limited'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: 0.07x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.33x to 0.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $0.15 | $0.05 | x |
| 2005-12-31 | $0.66 | $0.05 | x |
| 2006-12-31 | $0.62 | $0.05 | x |
| 2007-12-31 | $0.70 | $0.05 | x |
| 2008-12-31 | $0.75 | $0.05 | x |
| 2009-12-31 | $0.86 | $0.05 | x |
| 2010-12-31 | $0.94 | $0.05 | x |
| 2011-12-31 | $1.07 | $0.05 | x |
| 2012-12-31 | $1.04 | $0.05 | x |
| 2013-12-31 | $0.74 | $0.05 | x |
| 2014-12-31 | $0.75 | $0.05 | x |
| 2015-12-31 | $0.74 | $0.05 | x |
| 2016-12-31 | $0.79 | $0.05 | x |
| 2017-12-31 | $0.83 | $0.05 | x |
| 2018-12-31 | $0.85 | $0.05 | x |
| 2019-12-31 | $0.85 | $0.05 | x |
| 2020-12-31 | $0.89 | $0.05 | x |
| 2021-12-31 | $0.81 | $0.05 | x |
| 2022-12-31 | $0.59 | $0.05 | x |
| 2023-12-31 | $0.76 | $0.05 | x |
| 2024-12-31 | $0.67 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SIM Technology Group Limited 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): -6.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -22.07%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.33x
- Recent ROE (-6.58%) is below the historical average (8.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 101.62% | 12.71% | 1.69x | 4.74x | $179.62 Million |
| 2005 | 28.93% | 10.85% | 1.86x | 1.43x | $193.07 Million |
| 2006 | 33.29% | 10.91% | 1.86x | 1.64x | $260.86 Million |
| 2007 | 19.33% | 8.31% | 1.48x | 1.57x | $116.21 Million |
| 2008 | 10.77% | 4.81% | 1.55x | 1.45x | $10.28 Million |
| 2009 | 8.45% | 4.32% | 1.13x | 1.73x | $-23.72 Million |
| 2010 | 13.03% | 5.78% | 1.28x | 1.76x | $54.24 Million |
| 2011 | -1.28% | -0.76% | 0.87x | 1.93x | $-224.12 Million |
| 2012 | -4.64% | -3.30% | 0.84x | 1.66x | $-304.89 Million |
| 2013 | -12.72% | -13.94% | 0.60x | 1.52x | $-427.29 Million |
| 2014 | 1.25% | 1.02% | 0.77x | 1.61x | $-167.23 Million |
| 2015 | 3.41% | 2.02% | 0.94x | 1.79x | $-124.93 Million |
| 2016 | 3.81% | 2.84% | 0.78x | 1.72x | $-125.40 Million |
| 2017 | 5.26% | 3.43% | 0.90x | 1.71x | $-100.53 Million |
| 2018 | 11.02% | 10.29% | 0.78x | 1.38x | $22.11 Million |
| 2019 | -3.58% | -5.84% | 0.45x | 1.37x | $-284.10 Million |
| 2020 | -1.80% | -5.40% | 0.25x | 1.31x | $-251.56 Million |
| 2021 | -13.07% | -33.92% | 0.28x | 1.37x | $-433.93 Million |
| 2022 | -39.24% | -79.59% | 0.31x | 1.59x | $-637.24 Million |
| 2023 | 21.25% | 63.29% | 0.25x | 1.33x | $182.29 Million |
| 2024 | -6.58% | -22.07% | 0.22x | 1.33x | $-238.78 Million |
Industry Comparison
This section compares SIM Technology Group Limited's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,490,345,014
- Average return on equity (ROE) among peers: -191.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SIM Technology Group Limited (SIMTF) | $1.46 Billion | 101.62% | 0.29x | $42.70 Million |
| AAC Technologies Holdings Inc (AACAY) | $14.21 Billion | 28.32% | 0.71x | $4.55 Billion |
| Applied Opt (AAOI) | $115.01 Million | 3.72% | 0.60x | $2.97 Billion |
| Ability Inc (ABILF) | $5.00 Million | -5.60% | 13.35x | $544.32 |
| ADTRAN Inc (ADTN) | $378.43 Million | 20.17% | 0.27x | $785.61 Million |
| ADVA Optical Networking SE (ADVOF) | $176.06 Million | -16.73% | 0.17x | $243.68 Million |
| Airgain Inc (AIRG) | $46.22 Million | 2.47% | 0.22x | $44.70 Million |
| Aerkomm Inc (AKOM) | $24.19 Million | -98.53% | 2.63x | $805.19K |
| Akoustis Technologies, Inc. (AKTSQ) | $-57.09 Million | 0.00% | 0.00x | $135.67K |
| Amplitech Group Inc (AMPG) | $440.28K | -233.03% | 5.39x | $50.17 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $465.34K |