Shining Victory Motor Electronic Co., Ltd.
Shining Victory Motor Electronic Co., Ltd., together with its subsidiaries, engages in the manufacturing and selling automotive LED interior lighting products in China, the United States, and Mexico. It also provides interior ambient lighting, including instrument panels, door panels, cup holders, seats, and footlights; luminous welcome pedals; sky ceiling; door handle indicator and charging port… Read more
Shining Victory Motor Electronic Co., Ltd. (2248) - Net Assets
Latest net assets as of September 2025: NT$1.49 Billion TWD
Based on the latest financial reports, Shining Victory Motor Electronic Co., Ltd. (2248) has net assets worth NT$1.49 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$2.76 Billion) and total liabilities (NT$1.28 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$1.49 Billion |
| % of Total Assets | 53.85% |
| Annual Growth Rate | 16.59% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.64 |
Shining Victory Motor Electronic Co., Ltd. - Net Assets Trend (2021–2024)
This chart illustrates how Shining Victory Motor Electronic Co., Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shining Victory Motor Electronic Co., Ltd. (2021–2024)
The table below shows the annual net assets of Shining Victory Motor Electronic Co., Ltd. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.23 Billion | +27.56% |
| 2023-12-31 | NT$967.26 Million | +10.39% |
| 2022-12-31 | NT$876.23 Million | +12.55% |
| 2021-12-31 | NT$778.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shining Victory Motor Electronic 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 grown by 328.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$493.58 Million | 40.00% |
| Other Components | NT$740.28 Million | 60.00% |
| Total Equity | NT$1.23 Billion | 100.00% |
Shining Victory Motor Electronic Co., Ltd. Competitors by Market Cap
The table below lists competitors of Shining Victory Motor Electronic Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Highlands REIT Inc
OTCGREY:HHDS
|
$23.95 Million |
|
SPSoft Inc.
KQ:443670
|
$23.95 Million |
|
TERACT EO 1
F:6O8
|
$23.95 Million |
|
Cipherlab Co Ltd
TWO:6160
|
$23.95 Million |
|
Caravelle International Group
NASDAQ:HTCO
|
$23.95 Million |
|
Matriks Bilgi Dagitim Hizmetleri AS
IS:MTRKS
|
$23.94 Million |
|
Micro-X Ltd
AU:MX1
|
$23.94 Million |
|
TPXIMPACT HOLDINGS LS-01
F:9L7
|
$23.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shining Victory Motor Electronic Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 967,260,000 to 1,233,854,000, a change of 266,594,000 (27.6%).
- Net income of 269,787,000 contributed positively to equity growth.
- Dividend payments of 39,293,000 reduced retained earnings.
- Other factors increased equity by 36,100,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$269.79 Million | +21.87% |
| Dividends Paid | NT$39.29 Million | -3.18% |
| Other Changes | NT$36.10 Million | +2.93% |
| Total Change | NT$- | 27.56% |
Book Value vs Market Value Analysis
This analysis compares Shining Victory Motor Electronic 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: 1.79x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.84x to 1.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | NT$18.53 | NT$52.70 | x |
| 2022-12-31 | NT$20.86 | NT$52.70 | x |
| 2023-12-31 | NT$23.03 | NT$52.70 | x |
| 2024-12-31 | NT$29.38 | NT$52.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shining Victory Motor Electronic 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): 21.87%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.00%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.11x
- Recent ROE (21.87%) is above the historical average (15.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 12.32% | 10.35% | 0.72x | 1.64x | NT$18.08 Million |
| 2022 | 12.69% | 8.91% | 0.68x | 2.11x | NT$23.58 Million |
| 2023 | 14.28% | 7.16% | 0.89x | 2.24x | NT$41.36 Million |
| 2024 | 21.87% | 13.00% | 0.80x | 2.11x | NT$146.40 Million |
Industry Comparison
This section compares Shining Victory Motor Electronic Co., Ltd.'s net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,045,310,500
- Average return on equity (ROE) among peers: -15.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shining Victory Motor Electronic Co., Ltd. (2248) | NT$1.49 Billion | 12.32% | 0.86x | $23.95 Million |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | 0.00% | 1.41x | $45.05 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |