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$2.76 Billion TWD (≈ $87.11 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$8.16 Billion ≈ $257.07 Million USD) and total liabilities (NT$5.39 Billion ≈ $169.96 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 tangible net worth ratio of Airmate Cayman International Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.76 Billion |
| % of Total Assets | 33.88% |
| Annual Growth Rate | 5.15% |
| 5-Year Change | 0.29% |
| 10-Year Change | 2.16% |
| Growth Volatility | 22.09 |
Airmate Cayman International Co Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Airmate Cayman International Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Airmate Cayman International Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Airmate Cayman International Co Ltd (2009–2025)
The table below shows the annual net assets of Airmate Cayman International Co Ltd from 2009 to 2025. For live valuation and market cap data, see 1626 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.76 Billion ≈ $87.11 Million |
-6.18% |
| 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 100.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.50 Billion | 54.19% |
| Other Components | NT$1.27 Billion | 45.82% |
| Total Equity | NT$2.76 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 |
|---|---|
|
T Scientific Co.Ltd
KQ:057680
|
$47.92 Million |
|
Ewein Bhd
KLSE:7249
|
$47.92 Million |
|
Acrivon Therapeutics, Inc. Common Stock
NASDAQ:ACRV
|
$47.96 Million |
|
Yuasa Battery (Thailand) Public Company Limited
BK:YUASA
|
$47.97 Million |
|
Camus Engineering & Construction Inc
KO:013700
|
$47.90 Million |
|
Inspirisys Solutions Limited
NSE:INSPIRISYS
|
$47.87 Million |
|
Salazar Resources Limited
V:SRL
|
$47.84 Million |
|
Consus Enerji Isletmeciligi ve Hizmetleri AS
IS:CONSE
|
$47.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Airmate Cayman International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,947,079,000 to 2,764,820,000, a change of -182,259,000 (-6.2%).
- Net loss of 128,697,000 reduced equity.
- Other factors decreased equity by 53,562,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-128.70 Million | -4.65% |
| Other Changes | NT$-53.56 Million | -1.94% |
| Total Change | NT$- | -6.18% |
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: 0.55x
- 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 2.28x to 0.55x 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$10.15 | x |
| 2011-12-31 | NT$5.57 | NT$10.15 | x |
| 2012-12-31 | NT$19.18 | NT$10.15 | x |
| 2013-12-31 | NT$26.02 | NT$10.15 | x |
| 2014-12-31 | NT$22.61 | NT$10.15 | x |
| 2015-12-31 | NT$21.24 | NT$10.15 | x |
| 2016-12-31 | NT$18.78 | NT$10.15 | x |
| 2017-12-31 | NT$19.76 | NT$10.15 | x |
| 2018-12-31 | NT$19.09 | NT$10.15 | x |
| 2019-12-31 | NT$21.48 | NT$10.15 | x |
| 2020-12-31 | NT$20.50 | NT$10.15 | x |
| 2021-12-31 | NT$18.02 | NT$10.15 | x |
| 2022-12-31 | NT$18.96 | NT$10.15 | x |
| 2023-12-31 | NT$19.90 | NT$10.15 | x |
| 2024-12-31 | NT$19.44 | NT$10.15 | x |
| 2025-12-31 | NT$18.48 | NT$10.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Airmate Cayman International Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.65%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 2.95x
- Recent ROE (-4.65%) is below the historical average (3.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -4.73% | -0.60% | 1.73x | 4.55x | NT$-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$-453.92 Million |
| 2025 | -4.65% | -1.65% | 0.96x | 2.95x | NT$-405.18 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: $6,373,531,444
- Average return on equity (ROE) among peers: 8.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Airmate Cayman International Co Ltd (1626) | NT$2.76 Billion | -4.73% | 1.95x | $47.91 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $4.38 Billion | 19.63% | 0.35x | $185.02 Million |
| Sampo Corp (1604) | $8.66 Billion | 19.26% | 0.50x | $273.20 Million |
| China Electric Manufacturing Corp (1611) | $4.20 Billion | 0.22% | 0.23x | $135.23 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.23 Billion | 6.03% | 0.27x | $260.23 Million |
| Hocheng Corp (1810) | $6.51 Billion | 2.42% | 0.52x | $192.11 Million |
| King Slide Works Co Ltd (2059) | $21.29 Billion | 28.91% | 0.24x | $19.88 Billion |
| Fortune Oriental Co Ltd (2491) | $1.33 Billion | 8.77% | 0.26x | $101.67 Million |
| Ado Optronics (3516) | $1.64 Billion | 1.19% | 0.65x | $52.54 Million |
| Mosa Industrial Corp (4564) | $4.12 Billion | -10.23% | 0.61x | $117.35 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 heater, fresh air system, air purifiers, dehumidification machines, and humidifiers. It also provides precision mold treatment services. The company was founded in 1973 and is based in G… Read more