Kinik Co
Kinik Company produces and sells various abrasives, cutting tools, and reclaimed wafers in Taiwan and internationally. The company offers various conventional grinding wheels, diamond/CBN grinding wheels, DLC coatings, reclaimed wafers, porous ceramic chuck tables, CMP diamond disks, ultra precision machining tools, dicing blades, diamond rollers, wafer grinding wheels, diamond and CBN honey comb… Read more
Kinik Co (1560) - Net Assets
Latest net assets as of September 2025: NT$7.87 Billion TWD
Based on the latest financial reports, Kinik Co (1560) has net assets worth NT$7.87 Billion 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$12.56 Billion) and total liabilities (NT$4.69 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$7.87 Billion |
| % of Total Assets | 62.65% |
| Annual Growth Rate | 8.65% |
| 5-Year Change | 56.81% |
| 10-Year Change | 95.41% |
| Growth Volatility | 17.52 |
Kinik Co - Net Assets Trend (2002–2024)
This chart illustrates how Kinik Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kinik Co (2002–2024)
The table below shows the annual net assets of Kinik Co from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.43 Billion | +14.74% |
| 2023-12-31 | NT$6.47 Billion | +6.27% |
| 2022-12-31 | NT$6.09 Billion | +20.59% |
| 2021-12-31 | NT$5.05 Billion | +6.64% |
| 2020-12-31 | NT$4.74 Billion | +2.83% |
| 2019-12-31 | NT$4.61 Billion | +1.24% |
| 2018-12-31 | NT$4.55 Billion | +12.20% |
| 2017-12-31 | NT$4.05 Billion | +7.22% |
| 2016-12-31 | NT$3.78 Billion | -0.50% |
| 2015-12-31 | NT$3.80 Billion | -0.85% |
| 2014-12-31 | NT$3.83 Billion | +4.79% |
| 2013-12-31 | NT$3.66 Billion | +0.18% |
| 2012-12-31 | NT$3.65 Billion | +0.66% |
| 2011-12-31 | NT$3.63 Billion | +6.56% |
| 2010-12-31 | NT$3.40 Billion | +4.30% |
| 2009-12-31 | NT$3.26 Billion | -6.44% |
| 2008-12-31 | NT$3.49 Billion | -4.02% |
| 2007-12-31 | NT$3.63 Billion | +2.82% |
| 2006-12-31 | NT$3.53 Billion | +14.71% |
| 2005-12-31 | NT$3.08 Billion | +82.66% |
| 2004-12-31 | NT$1.69 Billion | +18.91% |
| 2003-12-31 | NT$1.42 Billion | +18.65% |
| 2002-12-31 | NT$1.20 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kinik Co'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 1209.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.89 Billion | 40.46% |
| Common Stock | NT$1.46 Billion | 20.46% |
| Other Comprehensive Income | NT$-15.58 Million | -0.22% |
| Other Components | NT$2.80 Billion | 39.30% |
| Total Equity | NT$7.13 Billion | 100.00% |
Kinik Co Competitors by Market Cap
The table below lists competitors of Kinik Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Progress Software Corporation
NASDAQ:PRGS
|
$1.40 Billion |
|
Empresas CMPC
SN:CMPC
|
$1.40 Billion |
|
Zhuhai CosMX Battery Co Ltd
SHG:688772
|
$1.40 Billion |
|
Spirent Communications plc
PINK:SPNUF
|
$1.40 Billion |
|
Shenzhen Sinexcel Electric Co Ltd
SHE:300693
|
$1.39 Billion |
|
IWG PLC
PINK:IWGFF
|
$1.39 Billion |
|
BROOKFIELD REINSURA. A LV
F:9JG0
|
$1.39 Billion |
|
Teijin Ltd
PINK:TINLY
|
$1.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kinik Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,168,368,000 to 7,134,046,000, a change of 965,678,000 (15.7%).
- Net income of 1,035,003,000 contributed positively to equity growth.
- Dividend payments of 580,082,000 reduced retained earnings.
- New share issuances of 112,711,000 increased equity.
- Other comprehensive income decreased equity by 1,038,056,000.
- Other factors increased equity by 1,436,102,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.04 Billion | +14.51% |
| Dividends Paid | NT$580.08 Million | -8.13% |
| Share Issuances | NT$112.71 Million | +1.58% |
| Other Comprehensive Income | NT$-1.04 Billion | -14.55% |
| Other Changes | NT$1.44 Billion | +20.13% |
| Total Change | NT$- | 15.66% |
Book Value vs Market Value Analysis
This analysis compares Kinik Co'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: 9.58x
- 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 17.90x to 9.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$25.22 | NT$451.50 | x |
| 2007-12-31 | NT$25.78 | NT$451.50 | x |
| 2008-12-31 | NT$24.55 | NT$451.50 | x |
| 2009-12-31 | NT$23.15 | NT$451.50 | x |
| 2010-12-31 | NT$24.01 | NT$451.50 | x |
| 2011-12-31 | NT$25.35 | NT$451.50 | x |
| 2012-12-31 | NT$25.50 | NT$451.50 | x |
| 2013-12-31 | NT$25.68 | NT$451.50 | x |
| 2014-12-31 | NT$26.85 | NT$451.50 | x |
| 2015-12-31 | NT$26.52 | NT$451.50 | x |
| 2016-12-31 | NT$26.56 | NT$451.50 | x |
| 2017-12-31 | NT$28.47 | NT$451.50 | x |
| 2018-12-31 | NT$29.68 | NT$451.50 | x |
| 2019-12-31 | NT$30.13 | NT$451.50 | x |
| 2020-12-31 | NT$31.09 | NT$451.50 | x |
| 2021-12-31 | NT$33.15 | NT$451.50 | x |
| 2022-12-31 | NT$39.41 | NT$451.50 | x |
| 2023-12-31 | NT$42.27 | NT$451.50 | x |
| 2024-12-31 | NT$47.13 | NT$451.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kinik Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.51%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.74%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.55x
- Recent ROE (14.51%) is above the historical average (13.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.23% | 4.79% | 0.43x | 2.52x | NT$-57.05 Million |
| 2003 | 17.40% | 15.22% | 0.52x | 2.19x | NT$105.02 Million |
| 2004 | 21.43% | 18.24% | 0.59x | 1.99x | NT$192.88 Million |
| 2005 | 13.19% | 18.62% | 0.38x | 1.87x | NT$98.25 Million |
| 2006 | 17.13% | 17.56% | 0.58x | 1.69x | NT$252.08 Million |
| 2007 | 12.54% | 12.40% | 0.62x | 1.62x | NT$92.28 Million |
| 2008 | 5.19% | 5.54% | 0.62x | 1.51x | NT$-167.94 Million |
| 2009 | -1.71% | -2.18% | 0.54x | 1.46x | NT$-382.20 Million |
| 2010 | 7.25% | 7.48% | 0.67x | 1.44x | NT$-93.64 Million |
| 2011 | 12.08% | 11.41% | 0.81x | 1.31x | NT$75.50 Million |
| 2012 | 12.50% | 11.83% | 0.84x | 1.26x | NT$91.20 Million |
| 2013 | 14.38% | 12.95% | 0.77x | 1.45x | NT$160.27 Million |
| 2014 | 17.05% | 15.00% | 0.82x | 1.38x | NT$270.14 Million |
| 2015 | 15.35% | 14.42% | 0.79x | 1.35x | NT$203.29 Million |
| 2016 | 14.14% | 12.95% | 0.83x | 1.32x | NT$156.57 Million |
| 2017 | 18.07% | 16.19% | 0.85x | 1.31x | NT$327.25 Million |
| 2018 | 16.38% | 13.52% | 0.77x | 1.56x | NT$270.16 Million |
| 2019 | 12.51% | 11.02% | 0.61x | 1.85x | NT$107.82 Million |
| 2020 | 11.58% | 9.94% | 0.55x | 2.14x | NT$69.93 Million |
| 2021 | 14.25% | 11.22% | 0.59x | 2.14x | NT$201.71 Million |
| 2022 | 21.65% | 18.06% | 0.72x | 1.66x | NT$671.22 Million |
| 2023 | 13.81% | 13.35% | 0.65x | 1.60x | NT$235.29 Million |
| 2024 | 14.51% | 14.74% | 0.64x | 1.55x | NT$321.60 Million |
Industry Comparison
This section compares Kinik Co's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $3,129,164,111
- Average return on equity (ROE) among peers: 6.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kinik Co (1560) | NT$7.87 Billion | 5.23% | 0.60x | $1.40 Billion |
| Basso Industry Corp (1527) | $4.69 Billion | 15.81% | 0.15x | $112.50 Million |
| Jenn Feng New Energy Co Ltd (1538) | $314.60 Million | -31.60% | 2.89x | $5.14 Million |
| Chang Type Industrial Co Ltd (1541) | $876.37 Million | -2.60% | 1.04x | $24.94 Million |
| De Poan Pneumatic (1570) | $693.89 Million | 11.00% | 0.29x | $31.32 Million |
| Inmax Holding Co Ltd (1591) | $393.55 Million | 2.06% | 0.58x | $42.14 Million |
| Tycoons Group Enterprise Co Ltd (2022) | $7.12 Billion | 4.66% | 0.86x | $64.34 Million |
| Hiwin Technologies Corp (2049) | $11.80 Billion | 17.14% | 1.34x | $1.96 Billion |
| Sheh Kai Precision Co Ltd (2063) | $566.73 Million | 22.21% | 0.62x | $22.55 Million |
| Sheh Fung Screws Co Ltd (2065) | $1.71 Billion | 16.18% | 0.72x | $39.62 Million |