Cub Elecparts Inc (2231) - Net Assets
Based on the latest financial reports, Cub Elecparts Inc (2231) has net assets worth NT$4.44 Billion TWD (≈ $140.04 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$10.93 Billion ≈ $344.45 Million USD) and total liabilities (NT$6.49 Billion ≈ $204.41 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 Cub Elecparts Inc (2231) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.44 Billion |
| % of Total Assets | 40.66% |
| Annual Growth Rate | 13.31% |
| 5-Year Change | -4.64% |
| 10-Year Change | 37.08% |
| Growth Volatility | 16.74 |
Cub Elecparts Inc - Net Assets Trend (2005–2025)
This chart illustrates how Cub Elecparts Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Cub Elecparts Inc for the complete picture of this company's asset base.
Annual Net Assets for Cub Elecparts Inc (2005–2025)
The table below shows the annual net assets of Cub Elecparts Inc from 2005 to 2025. For live valuation and market cap data, see market cap of Cub Elecparts Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.44 Billion ≈ $140.04 Million |
-20.85% |
| 2024-12-31 | NT$5.62 Billion ≈ $176.93 Million |
+7.25% |
| 2023-12-31 | NT$5.24 Billion ≈ $164.97 Million |
+1.34% |
| 2022-12-31 | NT$5.17 Billion ≈ $162.79 Million |
+10.86% |
| 2021-12-31 | NT$4.66 Billion ≈ $146.85 Million |
+30.61% |
| 2020-12-31 | NT$3.57 Billion ≈ $112.44 Million |
-21.22% |
| 2019-12-31 | NT$4.53 Billion ≈ $142.72 Million |
+13.23% |
| 2018-12-31 | NT$4.00 Billion ≈ $126.04 Million |
+11.51% |
| 2017-12-31 | NT$3.59 Billion ≈ $113.03 Million |
+10.64% |
| 2016-12-31 | NT$3.24 Billion ≈ $102.16 Million |
+27.81% |
| 2015-12-31 | NT$2.54 Billion ≈ $79.93 Million |
+27.38% |
| 2014-12-31 | NT$1.99 Billion ≈ $62.75 Million |
+40.38% |
| 2013-12-31 | NT$1.42 Billion ≈ $44.70 Million |
+15.33% |
| 2012-12-31 | NT$1.23 Billion ≈ $38.76 Million |
+13.54% |
| 2011-12-31 | NT$1.08 Billion ≈ $34.14 Million |
-5.02% |
| 2010-12-31 | NT$1.14 Billion ≈ $35.94 Million |
+27.58% |
| 2009-12-31 | NT$894.19 Million ≈ $28.17 Million |
+28.67% |
| 2008-12-31 | NT$694.93 Million ≈ $21.89 Million |
+8.38% |
| 2007-12-31 | NT$641.19 Million ≈ $20.20 Million |
+26.14% |
| 2006-12-31 | NT$508.30 Million ≈ $16.01 Million |
+39.24% |
| 2005-12-31 | NT$365.05 Million ≈ $11.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cub Elecparts Inc'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 929.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.61 Billion | 47.75% |
| Common Stock | NT$1.36 Billion | 40.37% |
| Other Components | NT$400.09 Million | 11.88% |
| Total Equity | NT$3.37 Billion | 100.00% |
Cub Elecparts Inc Competitors by Market Cap
The table below lists competitors of Cub Elecparts Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
i3 Verticals Inc
NASDAQ:IIIV
|
$516.12 Million |
|
Rosenbauer International AG
VI:ROS
|
$516.12 Million |
|
Daqian Ecology & Landscape Co Ltd
SHG:603955
|
$516.16 Million |
|
Zevra Therapeutics Inc.
NASDAQ:ZVRA
|
$516.25 Million |
|
Standard Chartered PLC
LSE:STAN
|
$516.04 Million |
|
Tianjin Jinbin Development
SHE:000897
|
$515.91 Million |
|
Sinopec Shanghai Petrochemical Company Limited
F:SGJH
|
$515.87 Million |
|
Hunan Sundy Science and Technology Co Ltd
SHE:300515
|
$515.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cub Elecparts Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,295,590,000 to 3,367,537,000, a change of -928,053,000 (-21.6%).
- Net loss of 223,772,000 reduced equity.
- Dividend payments of 198,182,000 reduced retained earnings.
- Share repurchases of 424,869,000 reduced equity.
- Other comprehensive income increased equity by 7,490,999.
- Other factors decreased equity by 88,720,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-223.77 Million | -6.64% |
| Dividends Paid | NT$198.18 Million | -5.89% |
| Share Repurchases | NT$424.87 Million | -12.62% |
| Other Comprehensive Income | NT$7.49 Million | +0.22% |
| Other Changes | NT$-88.72 Million | -2.63% |
| Total Change | NT$- | -21.60% |
Book Value vs Market Value Analysis
This analysis compares Cub Elecparts Inc'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: 4.91x
- 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 39.73x to 4.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | NT$3.03 | NT$120.50 | x |
| 2006-12-31 | NT$4.22 | NT$120.50 | x |
| 2007-12-31 | NT$5.21 | NT$120.50 | x |
| 2008-12-31 | NT$5.60 | NT$120.50 | x |
| 2009-12-31 | NT$8.24 | NT$120.50 | x |
| 2010-12-31 | NT$8.38 | NT$120.50 | x |
| 2011-12-31 | NT$7.78 | NT$120.50 | x |
| 2012-12-31 | NT$8.86 | NT$120.50 | x |
| 2013-12-31 | NT$10.10 | NT$120.50 | x |
| 2014-12-31 | NT$13.88 | NT$120.50 | x |
| 2015-12-31 | NT$17.70 | NT$120.50 | x |
| 2016-12-31 | NT$19.83 | NT$120.50 | x |
| 2017-12-31 | NT$21.26 | NT$120.50 | x |
| 2018-12-31 | NT$24.40 | NT$120.50 | x |
| 2019-12-31 | NT$28.41 | NT$120.50 | x |
| 2020-12-31 | NT$21.95 | NT$120.50 | x |
| 2021-12-31 | NT$25.02 | NT$120.50 | x |
| 2022-12-31 | NT$29.81 | NT$120.50 | x |
| 2023-12-31 | NT$28.00 | NT$120.50 | x |
| 2024-12-31 | NT$28.46 | NT$120.50 | x |
| 2025-12-31 | NT$24.53 | NT$120.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cub Elecparts Inc 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): -6.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.12%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 3.25x
- Recent ROE (-6.64%) is below the historical average (23.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 41.41% | 22.38% | 0.87x | 2.12x | NT$114.66 Million |
| 2006 | 29.27% | 21.89% | 0.71x | 1.89x | NT$97.96 Million |
| 2007 | 21.64% | 17.32% | 0.69x | 1.81x | NT$74.66 Million |
| 2008 | 19.10% | 15.72% | 0.68x | 1.79x | NT$63.25 Million |
| 2009 | 23.89% | 21.39% | 0.73x | 1.52x | NT$124.17 Million |
| 2010 | 26.31% | 24.17% | 0.86x | 1.26x | NT$186.01 Million |
| 2011 | 12.47% | 12.06% | 0.74x | 1.40x | NT$25.97 Million |
| 2012 | 20.78% | 18.60% | 0.88x | 1.26x | NT$129.12 Million |
| 2013 | 26.24% | 24.27% | 0.75x | 1.44x | NT$225.20 Million |
| 2014 | 38.03% | 34.58% | 0.88x | 1.25x | NT$549.28 Million |
| 2015 | 44.72% | 39.70% | 0.84x | 1.33x | NT$869.78 Million |
| 2016 | 38.91% | 32.66% | 0.53x | 2.24x | NT$829.08 Million |
| 2017 | 32.93% | 28.74% | 0.54x | 2.13x | NT$704.53 Million |
| 2018 | 30.77% | 27.04% | 0.60x | 1.90x | NT$734.35 Million |
| 2019 | 23.77% | 23.88% | 0.57x | 1.75x | NT$566.37 Million |
| 2020 | 8.00% | 7.32% | 0.44x | 2.46x | NT$-61.14 Million |
| 2021 | 14.63% | 12.64% | 0.43x | 2.71x | NT$163.35 Million |
| 2022 | 15.38% | 15.91% | 0.41x | 2.37x | NT$220.18 Million |
| 2023 | 10.54% | 10.09% | 0.43x | 2.44x | NT$22.78 Million |
| 2024 | 11.06% | 10.17% | 0.40x | 2.75x | NT$45.32 Million |
| 2025 | -6.64% | -6.12% | 0.33x | 3.25x | NT$-560.53 Million |
Industry Comparison
This section compares Cub Elecparts Inc's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $5,598,530,700
- Average return on equity (ROE) among peers: 7.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cub Elecparts Inc (2231) | NT$4.44 Billion | 41.41% | 1.46x | $516.05 Million |
| Tong Yang Industry Co Ltd (1319) | $25.91 Billion | 11.65% | 0.35x | $1.39 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.63 Billion | 11.82% | 0.50x | $33.99 Million |
| Hiroca Holdings Ltd (1338) | $6.63 Billion | 11.43% | 0.41x | $41.60 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $1.56 Billion | 10.81% | 0.72x | $95.75 Million |
| Right Way Industrial Co Ltd (1506) | $1.12 Billion | 0.13% | 1.31x | $102.21 Million |
| Jui Li Enterprise Co Ltd (1512) | $1.84 Billion | -12.89% | 2.17x | $23.14 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.90 Billion | 18.96% | 0.91x | $59.68 Million |
| TYC Brother Industrial Co Ltd (1522) | $9.17 Billion | 10.17% | 1.84x | $304.19 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $146.61 Million |
| Kian Shen Corp (1525) | $4.11 Billion | 7.06% | 0.23x | $146.38 Million |
About Cub Elecparts Inc
Cub Elecparts Inc. manufactures and supplies automobile electrical and electronic parts in Taiwan, China, the United States, Germany, and internationally. It offers advanced driver assistance systems; aftermarket service parts, including sensors and other parts; switches, such as ignition, turn signal, power window, and head light switch; OEM products; and tire pressure monitoring sensors. The co… Read more