Kaimei Electronic Corp
Kaimei Electronic Corp. manufactures and sells aluminum electrolytic capacitors and motor fans in Hong Kong, China, Taiwan, rest of the Asia Pacific region, Europe, the Americas, and internationally. Its products portfolio includes conductive polymer aluminum solid, conductive polymer hybrid, and aluminum electrolytic capacitors; and DC fans, DC blowers, AC fans, and accessories. The company also… Read more
Kaimei Electronic Corp (2375) - Net Assets
Latest net assets as of September 2025: NT$9.46 Billion TWD
Based on the latest financial reports, Kaimei Electronic Corp (2375) has net assets worth NT$9.46 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$13.75 Billion) and total liabilities (NT$4.29 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$9.46 Billion |
| % of Total Assets | 68.79% |
| Annual Growth Rate | 5.46% |
| 5-Year Change | 26.85% |
| 10-Year Change | 474.87% |
| Growth Volatility | 42.29 |
Kaimei Electronic Corp - Net Assets Trend (2002–2024)
This chart illustrates how Kaimei Electronic 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 Kaimei Electronic Corp (2002–2024)
The table below shows the annual net assets of Kaimei Electronic Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$9.69 Billion | +7.97% |
| 2023-12-31 | NT$8.98 Billion | +1.67% |
| 2022-12-31 | NT$8.83 Billion | +3.55% |
| 2021-12-31 | NT$8.53 Billion | +11.59% |
| 2020-12-31 | NT$7.64 Billion | +4.10% |
| 2019-12-31 | NT$7.34 Billion | -4.55% |
| 2018-12-31 | NT$7.69 Billion | +167.84% |
| 2017-12-31 | NT$2.87 Billion | +5.03% |
| 2016-12-31 | NT$2.73 Billion | +62.14% |
| 2015-12-31 | NT$1.69 Billion | -15.55% |
| 2014-12-31 | NT$2.00 Billion | -10.96% |
| 2013-12-31 | NT$2.24 Billion | +42.45% |
| 2012-12-31 | NT$1.57 Billion | -11.46% |
| 2011-12-31 | NT$1.78 Billion | -13.13% |
| 2010-12-31 | NT$2.05 Billion | -8.98% |
| 2009-12-31 | NT$2.25 Billion | -41.50% |
| 2008-12-31 | NT$3.84 Billion | -10.17% |
| 2007-12-31 | NT$4.28 Billion | +0.40% |
| 2006-12-31 | NT$4.26 Billion | -10.42% |
| 2005-12-31 | NT$4.76 Billion | +72.19% |
| 2004-12-31 | NT$2.76 Billion | -6.98% |
| 2003-12-31 | NT$2.97 Billion | -1.28% |
| 2002-12-31 | NT$3.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kaimei Electronic 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 2544.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.89 Billion | 40.18% |
| Common Stock | NT$1.09 Billion | 11.21% |
| Other Comprehensive Income | NT$-21.54 Million | -0.22% |
| Other Components | NT$4.73 Billion | 48.83% |
| Total Equity | NT$9.69 Billion | 100.00% |
Kaimei Electronic Corp Competitors by Market Cap
The table below lists competitors of Kaimei Electronic Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Msscorps Co Ltd
TW:6830
|
$234.76 Million |
|
LB Foster Company
NASDAQ:FSTR
|
$234.93 Million |
|
Appen Ltd
AU:APX
|
$234.95 Million |
|
PCB Bancorp
NASDAQ:PCB
|
$234.96 Million |
|
Guangzhou Improve Med Instrument
SHE:300030
|
$234.74 Million |
|
Wirtualna Polska Holding SA
WAR:WPL
|
$234.68 Million |
|
Zhang Xiaoquan Inc.
SHE:301055
|
$234.62 Million |
|
Beijing Jiuzhou Yi Gui Environmental Technology Co. Ltd.
SHG:688485
|
$234.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kaimei Electronic Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,977,683,000 to 9,693,079,000, a change of 715,396,000 (8.0%).
- Net income of 494,707,000 contributed positively to equity growth.
- Dividend payments of 86,940,000 reduced retained earnings.
- Other comprehensive income increased equity by 289,588,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$494.71 Million | +5.1% |
| Dividends Paid | NT$86.94 Million | -0.9% |
| Other Comprehensive Income | NT$289.59 Million | +2.99% |
| Other Changes | NT$18.04 Million | +0.19% |
| Total Change | NT$- | 7.97% |
Book Value vs Market Value Analysis
This analysis compares Kaimei Electronic 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: 0.90x
- 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 1.32x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$61.06 | NT$80.50 | x |
| 2010-12-31 | NT$55.40 | NT$80.50 | x |
| 2011-12-31 | NT$48.13 | NT$80.50 | x |
| 2012-12-31 | NT$42.61 | NT$80.50 | x |
| 2013-12-31 | NT$42.23 | NT$80.50 | x |
| 2014-12-31 | NT$28.46 | NT$80.50 | x |
| 2015-12-31 | NT$37.80 | NT$80.50 | x |
| 2016-12-31 | NT$45.57 | NT$80.50 | x |
| 2017-12-31 | NT$37.34 | NT$80.50 | x |
| 2018-12-31 | NT$70.47 | NT$80.50 | x |
| 2019-12-31 | NT$109.28 | NT$80.50 | x |
| 2020-12-31 | NT$69.42 | NT$80.50 | x |
| 2021-12-31 | NT$78.34 | NT$80.50 | x |
| 2022-12-31 | NT$71.22 | NT$80.50 | x |
| 2023-12-31 | NT$82.41 | NT$80.50 | x |
| 2024-12-31 | NT$88.95 | NT$80.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kaimei Electronic Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.40%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.53x
- Recent ROE (5.10%) is above the historical average (2.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.33% | 4.36% | 0.55x | 1.40x | NT$-200.63 Million |
| 2003 | 3.38% | 4.68% | 0.45x | 1.60x | NT$-196.54 Million |
| 2004 | 1.98% | 2.67% | 0.44x | 1.68x | NT$-221.48 Million |
| 2009 | -66.31% | -63.57% | 0.63x | 1.65x | NT$-1.72 Billion |
| 2010 | -2.09% | -1.73% | 0.84x | 1.45x | NT$-247.46 Million |
| 2011 | -21.43% | -18.03% | 0.78x | 1.53x | NT$-558.90 Million |
| 2012 | -9.00% | -8.44% | 0.64x | 1.68x | NT$-299.12 Million |
| 2013 | 26.45% | 33.88% | 0.63x | 1.24x | NT$368.93 Million |
| 2014 | 6.15% | 7.52% | 0.63x | 1.31x | NT$-76.91 Million |
| 2015 | 2.45% | 2.78% | 0.55x | 1.59x | NT$-127.32 Million |
| 2016 | -2.57% | -1.81% | 0.64x | 2.22x | NT$-227.44 Million |
| 2017 | 12.02% | 7.88% | 0.40x | 3.85x | NT$38.75 Million |
| 2018 | 48.35% | 58.84% | 0.22x | 3.68x | NT$1.39 Billion |
| 2019 | 8.01% | 12.62% | 0.37x | 1.72x | NT$-142.21 Million |
| 2020 | 7.45% | 12.59% | 0.33x | 1.81x | NT$-192.59 Million |
| 2021 | 13.74% | 15.18% | 0.41x | 2.21x | NT$318.54 Million |
| 2022 | 6.93% | 10.43% | 0.31x | 2.14x | NT$-270.93 Million |
| 2023 | 2.96% | 5.52% | 0.34x | 1.59x | NT$-632.29 Million |
| 2024 | 5.10% | 9.40% | 0.35x | 1.53x | NT$-474.60 Million |
Industry Comparison
This section compares Kaimei Electronic Corp's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kaimei Electronic Corp (2375) | NT$9.46 Billion | 3.33% | 0.45x | $234.76 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |