Winbond Electronics Corp
Winbond Electronics Corporation engages in the design, development, manufacture, and marketing of very large scale integration integrated circuits (ICs) for various microelectronic applications in Asia, the Americas, Europe, and internationally. It operates through DRAM IC Product, Flash Memory Product, and Logic IC Product segments. The company offers Mobile Dynamic Random Access Memory (DRAM) d… Read more
Winbond Electronics Corp (2344) - Net Assets
Latest net assets as of September 2025: NT$101.39 Billion TWD
Based on the latest financial reports, Winbond Electronics Corp (2344) has net assets worth NT$101.39 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$182.60 Billion) and total liabilities (NT$81.22 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$101.39 Billion |
| % of Total Assets | 55.52% |
| Annual Growth Rate | 1.0% |
| 5-Year Change | 40.47% |
| 10-Year Change | 147.29% |
| Growth Volatility | 12.91 |
Winbond Electronics Corp - Net Assets Trend (2000–2024)
This chart illustrates how Winbond Electronics Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Winbond Electronics Corp (2000–2024)
The table below shows the annual net assets of Winbond Electronics Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$99.16 Billion | -1.29% |
| 2023-12-31 | NT$100.46 Billion | -2.21% |
| 2022-12-31 | NT$102.73 Billion | +14.11% |
| 2021-12-31 | NT$90.03 Billion | +27.54% |
| 2020-12-31 | NT$70.59 Billion | +10.55% |
| 2019-12-31 | NT$63.86 Billion | -0.05% |
| 2018-12-31 | NT$63.89 Billion | +3.67% |
| 2017-12-31 | NT$61.63 Billion | +36.28% |
| 2016-12-31 | NT$45.22 Billion | +12.77% |
| 2015-12-31 | NT$40.10 Billion | +2.03% |
| 2014-12-31 | NT$39.30 Billion | +9.51% |
| 2013-12-31 | NT$35.89 Billion | +3.55% |
| 2012-12-31 | NT$34.66 Billion | -4.85% |
| 2011-12-31 | NT$36.43 Billion | -5.55% |
| 2010-12-31 | NT$38.57 Billion | +12.06% |
| 2009-12-31 | NT$34.42 Billion | -10.03% |
| 2008-12-31 | NT$38.25 Billion | -24.80% |
| 2007-12-31 | NT$50.87 Billion | -10.69% |
| 2006-12-31 | NT$56.96 Billion | +3.13% |
| 2005-12-31 | NT$55.23 Billion | -8.37% |
| 2004-12-31 | NT$60.28 Billion | +1.58% |
| 2003-12-31 | NT$59.34 Billion | -2.78% |
| 2002-12-31 | NT$61.04 Billion | -8.57% |
| 2001-12-31 | NT$66.76 Billion | -14.53% |
| 2000-12-31 | NT$78.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Winbond Electronics Corp'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 177.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$27.99 Billion | 30.53% |
| Common Stock | NT$45.00 Billion | 49.10% |
| Other Comprehensive Income | NT$4.97 Billion | 5.42% |
| Other Components | NT$13.70 Billion | 14.95% |
| Total Equity | NT$91.65 Billion | 100.00% |
Winbond Electronics Corp Competitors by Market Cap
The table below lists competitors of Winbond Electronics Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BT Group plc
PINK:BTGOF
|
$10.27 Billion |
|
China International Travel Service Corp Ltd
SHG:601888
|
$10.27 Billion |
|
Zebra Technologies Corporation
NASDAQ:ZBRA
|
$10.28 Billion |
|
Hua Nan Financial Holdings Co Ltd
TW:2880
|
$10.28 Billion |
|
Full Truck Alliance Co. Ltd.
F:892
|
$10.24 Billion |
|
Texas Pacific Land Trust
NYSE:TPL
|
$10.23 Billion |
|
Stantec Inc
NYSE:STN
|
$10.23 Billion |
|
Diploma PLC
PINK:DPMAY
|
$10.23 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Winbond Electronics Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 92,296,817,000 to 91,651,488,000, a change of -645,329,000 (-0.7%).
- Net income of 601,001,000 contributed positively to equity growth.
- New share issuances of 6,703,392,000 increased equity.
- Other comprehensive income decreased equity by 7,917,917,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$601.00 Million | +0.66% |
| Share Issuances | NT$6.70 Billion | +7.31% |
| Other Comprehensive Income | NT$-7.92 Billion | -8.64% |
| Other Changes | NT$-31.80 Million | -0.03% |
| Total Change | NT$- | -0.70% |
Book Value vs Market Value Analysis
This analysis compares Winbond Electronics Corp'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: 5.12x
- 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 7.89x to 5.12x 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$13.81 | NT$109.00 | x |
| 2007-12-31 | NT$13.53 | NT$109.00 | x |
| 2008-12-31 | NT$10.28 | NT$109.00 | x |
| 2009-12-31 | NT$9.16 | NT$109.00 | x |
| 2010-12-31 | NT$10.08 | NT$109.00 | x |
| 2011-12-31 | NT$9.52 | NT$109.00 | x |
| 2012-12-31 | NT$8.99 | NT$109.00 | x |
| 2013-12-31 | NT$9.33 | NT$109.00 | x |
| 2014-12-31 | NT$10.22 | NT$109.00 | x |
| 2015-12-31 | NT$10.53 | NT$109.00 | x |
| 2016-12-31 | NT$12.28 | NT$109.00 | x |
| 2017-12-31 | NT$16.67 | NT$109.00 | x |
| 2018-12-31 | NT$15.64 | NT$109.00 | x |
| 2019-12-31 | NT$15.19 | NT$109.00 | x |
| 2020-12-31 | NT$16.30 | NT$109.00 | x |
| 2021-12-31 | NT$20.49 | NT$109.00 | x |
| 2022-12-31 | NT$23.35 | NT$109.00 | x |
| 2023-12-31 | NT$23.02 | NT$109.00 | x |
| 2024-12-31 | NT$21.30 | NT$109.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Winbond Electronics Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.74%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.94x
- Recent ROE (0.66%) is below the historical average (1.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 5.50% | 10.48% | 0.48x | 1.10x | NT$-2.71 Billion |
| 2006 | 4.15% | 6.66% | 0.38x | 1.63x | NT$-3.33 Billion |
| 2007 | -11.43% | -17.67% | 0.34x | 1.88x | NT$-10.90 Billion |
| 2008 | -19.25% | -28.72% | 0.34x | 1.98x | NT$-11.19 Billion |
| 2009 | -25.44% | -32.26% | 0.40x | 1.99x | NT$-12.00 Billion |
| 2010 | 9.48% | 8.89% | 0.60x | 1.78x | NT$-193.12 Million |
| 2011 | -2.39% | -2.43% | 0.57x | 1.72x | NT$-4.38 Billion |
| 2012 | -5.53% | -5.62% | 0.59x | 1.68x | NT$-5.20 Billion |
| 2013 | 0.59% | 0.62% | 0.60x | 1.60x | NT$-3.27 Billion |
| 2014 | 8.06% | 8.10% | 0.59x | 1.70x | NT$-742.36 Million |
| 2015 | 8.46% | 8.58% | 0.61x | 1.61x | NT$-598.95 Million |
| 2016 | 6.60% | 6.88% | 0.62x | 1.55x | NT$-1.49 Billion |
| 2017 | 9.22% | 11.66% | 0.54x | 1.46x | NT$-470.65 Million |
| 2018 | 11.93% | 14.55% | 0.53x | 1.54x | NT$1.20 Billion |
| 2019 | 2.06% | 2.58% | 0.47x | 1.72x | NT$-4.85 Billion |
| 2020 | 1.99% | 2.15% | 0.48x | 1.93x | NT$-5.24 Billion |
| 2021 | 16.49% | 13.65% | 0.65x | 1.85x | NT$5.35 Billion |
| 2022 | 13.73% | 13.68% | 0.51x | 1.96x | NT$3.51 Billion |
| 2023 | -1.24% | -1.53% | 0.39x | 2.07x | NT$-10.38 Billion |
| 2024 | 0.66% | 0.74% | 0.46x | 1.94x | NT$-8.56 Billion |
Industry Comparison
This section compares Winbond Electronics Corp's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $13,974,014,111
- Average return on equity (ROE) among peers: -0.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Winbond Electronics Corp (2344) | NT$101.39 Billion | 5.50% | 0.80x | $10.24 Billion |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |