Airmate Cayman International Co Ltd (1626) - Net Assets
Based on the latest financial reports, Airmate Cayman International Co Ltd (1626) has net assets worth NT$2.70 Billion TWD (≈ $84.99 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$7.97 Billion ≈ $251.00 Million USD) and total liabilities (NT$5.27 Billion ≈ $166.01 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 financial resilience of Airmate Cayman International Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.70 Billion |
| % of Total Assets | 33.86% |
| Annual Growth Rate | 5.95% |
| 5-Year Change | -6.11% |
| 10-Year Change | 5.55% |
| Growth Volatility | 22.53 |
Airmate Cayman International Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Airmate Cayman International Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Airmate Cayman International Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Airmate Cayman International Co Ltd (2009–2024)
The table below shows the annual net assets of Airmate Cayman International Co Ltd from 2009 to 2024. For live valuation and market cap data, see 1626 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.95 Billion ≈ $92.85 Million |
-4.47% |
| 2023-12-31 | NT$3.08 Billion ≈ $97.19 Million |
-4.05% |
| 2022-12-31 | NT$3.21 Billion ≈ $101.29 Million |
+16.61% |
| 2021-12-31 | NT$2.76 Billion ≈ $86.86 Million |
-12.17% |
| 2020-12-31 | NT$3.14 Billion ≈ $98.89 Million |
+4.31% |
| 2019-12-31 | NT$3.01 Billion ≈ $94.80 Million |
+21.68% |
| 2018-12-31 | NT$2.47 Billion ≈ $77.91 Million |
-4.78% |
| 2017-12-31 | NT$2.60 Billion ≈ $81.82 Million |
-4.04% |
| 2016-12-31 | NT$2.71 Billion ≈ $85.27 Million |
-3.07% |
| 2015-12-31 | NT$2.79 Billion ≈ $87.97 Million |
-6.05% |
| 2014-12-31 | NT$2.97 Billion ≈ $93.63 Million |
-11.33% |
| 2013-12-31 | NT$3.35 Billion ≈ $105.59 Million |
+51.00% |
| 2012-12-31 | NT$2.22 Billion ≈ $69.93 Million |
+64.94% |
| 2011-12-31 | NT$1.35 Billion ≈ $42.40 Million |
+21.81% |
| 2010-12-31 | NT$1.10 Billion ≈ $34.80 Million |
-10.75% |
| 2009-12-31 | NT$1.24 Billion ≈ $39.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Airmate Cayman International 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 decreased by 83.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$15.14 Million | 0.51% |
| Common Stock | NT$1.50 Billion | 50.84% |
| Other Components | NT$1.43 Billion | 48.65% |
| Total Equity | NT$2.95 Billion | 100.00% |
Airmate Cayman International Co Ltd Competitors by Market Cap
The table below lists competitors of Airmate Cayman International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Instil Bio Inc.
NASDAQ:TIL
|
$53.58 Million |
|
Hwail Pharmaceutical Co.Ltd
KQ:061250
|
$53.61 Million |
|
Metair
JSE:MTA
|
$53.64 Million |
|
Kronos Bio Inc
NASDAQ:KRON
|
$53.65 Million |
|
Botnia Gold AB (publ)
ST:BOTX
|
$53.57 Million |
|
Kingston Resources Ltd
AU:KSN
|
$53.56 Million |
|
Wiener Privatbank SE
VI:WPB
|
$53.55 Million |
|
Solytech Enterprise Corp
TW:1471
|
$53.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Airmate Cayman International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,084,853,000 to 2,947,079,000, a change of -137,774,000 (-4.5%).
- Net loss of 159,210,000 reduced equity.
- Dividend payments of 45,847,000 reduced retained earnings.
- Share repurchases of 49,026,000 reduced equity.
- Other comprehensive income decreased equity by 52,156,000.
- Other factors increased equity by 168,465,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-159.21 Million | -5.4% |
| Dividends Paid | NT$45.85 Million | -1.56% |
| Share Repurchases | NT$49.03 Million | -1.66% |
| Other Comprehensive Income | NT$-52.16 Million | -1.77% |
| Other Changes | NT$168.47 Million | +5.72% |
| Total Change | NT$- | -4.47% |
Book Value vs Market Value Analysis
This analysis compares Airmate Cayman International 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: 0.58x
- 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 2.55x to 0.58x 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$4.46 | NT$11.35 | x |
| 2011-12-31 | NT$5.57 | NT$11.35 | x |
| 2012-12-31 | NT$19.18 | NT$11.35 | x |
| 2013-12-31 | NT$26.02 | NT$11.35 | x |
| 2014-12-31 | NT$22.61 | NT$11.35 | x |
| 2015-12-31 | NT$21.24 | NT$11.35 | x |
| 2016-12-31 | NT$18.78 | NT$11.35 | x |
| 2017-12-31 | NT$19.76 | NT$11.35 | x |
| 2018-12-31 | NT$19.09 | NT$11.35 | x |
| 2019-12-31 | NT$21.48 | NT$11.35 | x |
| 2020-12-31 | NT$20.50 | NT$11.35 | x |
| 2021-12-31 | NT$18.02 | NT$11.35 | x |
| 2022-12-31 | NT$18.96 | NT$11.35 | x |
| 2023-12-31 | NT$19.90 | NT$11.35 | x |
| 2024-12-31 | NT$19.44 | NT$11.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Airmate Cayman International Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.96%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 3.07x
- Recent ROE (-5.40%) is below the historical average (3.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -4.73% | -0.60% | 1.73x | 4.55x | NT$-158.57 Million |
| 2011 | 15.18% | 1.96% | 1.80x | 4.32x | NT$69.76 Million |
| 2012 | 22.35% | 4.28% | 1.70x | 3.06x | NT$274.10 Million |
| 2013 | 18.25% | 4.71% | 1.62x | 2.40x | NT$276.49 Million |
| 2014 | -11.18% | -2.74% | 1.28x | 3.18x | NT$-629.47 Million |
| 2015 | -3.37% | -0.86% | 1.33x | 2.94x | NT$-373.26 Million |
| 2016 | 10.50% | 2.56% | 1.43x | 2.86x | NT$13.42 Million |
| 2017 | 0.17% | 0.04% | 1.28x | 3.03x | NT$-254.01 Million |
| 2018 | -0.59% | -0.14% | 1.27x | 3.40x | NT$-260.84 Million |
| 2019 | 8.41% | 2.48% | 1.14x | 2.97x | NT$-47.46 Million |
| 2020 | 4.98% | 1.70% | 1.00x | 2.95x | NT$-157.65 Million |
| 2021 | -11.14% | -3.02% | 1.02x | 3.61x | NT$-582.92 Million |
| 2022 | 14.72% | 5.13% | 1.04x | 2.74x | NT$151.71 Million |
| 2023 | 0.86% | 0.32% | 1.04x | 2.63x | NT$-281.91 Million |
| 2024 | -5.40% | -1.96% | 0.90x | 3.07x | NT$-453.92 Million |
Industry Comparison
This section compares Airmate Cayman International Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $5,337,510,778
- Average return on equity (ROE) among peers: 7.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Airmate Cayman International Co Ltd (1626) | NT$2.70 Billion | -4.73% | 1.95x | $53.57 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $9.08 Billion | 4.99% | 0.45x | $187.46 Million |
| Sampo Corp (1604) | $7.71 Billion | 48.31% | 0.80x | $262.45 Million |
| China Electric Manufacturing Corp (1611) | $4.21 Billion | 1.84% | 0.28x | $121.51 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.23 Billion | 6.03% | 0.27x | $259.82 Million |
| Hocheng Corp (1810) | $6.88 Billion | 0.00% | 1.01x | $165.48 Million |
| King Slide Works Co Ltd (2059) | $8.66 Billion | 18.15% | 0.15x | $11.74 Billion |
| Fortune Oriental Co Ltd (2491) | $672.94 Million | -3.87% | 2.20x | $39.27 Million |
| Ado Optronics (3516) | $1.64 Billion | 1.19% | 0.65x | $38.28 Million |
| Mosa Industrial Corp (4564) | $3.96 Billion | -8.92% | 0.81x | $133.48 Million |
About Airmate Cayman International Co Ltd
Airmate (Cayman) International Co Limited, together with its subsidiaries, manufactures and sells household appliances in China, Japan, South Korea, and internationally. The company offers electric fans, electric heaters, and other products. It also provides precision mold treatment services. The company was founded in 1973 and is based in George Town, the Cayman Islands.