Gigastorage Corp
Gigastorage Corporation operates in the optoelectronics industry in Taiwan, Mainland China, and internationally. The company operates in Silicon Products Division, Photovoltaic Materials Division, and Solar Power Plant Division segments. The Silicon Products Division segment produces, processes, and sells solar silicon accessories and wafers; and diamond wires. The Photovoltaic Materials Division… Read more
Gigastorage Corp (2406) - Net Assets
Latest net assets as of June 2025: NT$8.19 Billion TWD
Based on the latest financial reports, Gigastorage Corp (2406) has net assets worth NT$8.19 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$15.34 Billion) and total liabilities (NT$7.15 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$8.19 Billion |
| % of Total Assets | 53.37% |
| Annual Growth Rate | 3.91% |
| 5-Year Change | 44.96% |
| 10-Year Change | -9.75% |
| Growth Volatility | 31.31 |
Gigastorage Corp - Net Assets Trend (2002–2024)
This chart illustrates how Gigastorage 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 Gigastorage Corp (2002–2024)
The table below shows the annual net assets of Gigastorage Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.49 Billion | -5.09% |
| 2023-12-31 | NT$8.95 Billion | -10.61% |
| 2022-12-31 | NT$10.01 Billion | +36.46% |
| 2021-12-31 | NT$7.34 Billion | +25.22% |
| 2020-12-31 | NT$5.86 Billion | +17.20% |
| 2019-12-31 | NT$5.00 Billion | +3.46% |
| 2018-12-31 | NT$4.83 Billion | -32.21% |
| 2017-12-31 | NT$7.13 Billion | -30.08% |
| 2016-12-31 | NT$10.19 Billion | +8.32% |
| 2015-12-31 | NT$9.41 Billion | +21.67% |
| 2014-12-31 | NT$7.73 Billion | +23.93% |
| 2013-12-31 | NT$6.24 Billion | +1.75% |
| 2012-12-31 | NT$6.13 Billion | -2.11% |
| 2011-12-31 | NT$6.27 Billion | +7.14% |
| 2010-12-31 | NT$5.85 Billion | +110.90% |
| 2009-12-31 | NT$2.77 Billion | +55.48% |
| 2008-12-31 | NT$1.78 Billion | -8.85% |
| 2007-12-31 | NT$1.96 Billion | -38.43% |
| 2006-12-31 | NT$3.18 Billion | -10.67% |
| 2005-12-31 | NT$3.56 Billion | -14.76% |
| 2004-12-31 | NT$4.17 Billion | +2.81% |
| 2003-12-31 | NT$4.06 Billion | +11.08% |
| 2002-12-31 | NT$3.65 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gigastorage 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 decreased by 135915800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$5.21 Billion | 135.26% |
| Total Equity | NT$3.85 Billion | 100.00% |
Gigastorage Corp Competitors by Market Cap
The table below lists competitors of Gigastorage Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enplas Corporation
OTCGREY:ENPSF
|
$214.33 Million |
|
Song Chuan Precision Co., Ltd.
TW:7788
|
$214.40 Million |
|
ALPEK S.A.B. de C.V
OTCGREY:ALPKF
|
$214.40 Million |
|
Lycopodium Limited
PINK:LYOPF
|
$214.50 Million |
|
Highbroad Advanced Material (Hefei) Co. Ltd. A
SHE:301321
|
$214.23 Million |
|
Ningbo Fangzheng Automobile Mould Co.Ltd.
SHE:300998
|
$214.22 Million |
|
Rongan Property Co Ltd
SHE:000517
|
$214.19 Million |
|
Inveo Yatirim Holding AS
IS:INVEO
|
$214.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gigastorage Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,923,393,000 to 3,854,131,000, a change of -69,262,000 (-1.8%).
- Net loss of 301,362,000 reduced equity.
- Other comprehensive income increased equity by 226,839,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-301.36 Million | -7.82% |
| Other Comprehensive Income | NT$226.84 Million | +5.89% |
| Other Changes | NT$5.26 Million | +0.14% |
| Total Change | NT$- | -1.77% |
Book Value vs Market Value Analysis
This analysis compares Gigastorage 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: 3.48x
- 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 increased from 1.55x to 3.48x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$24.62 | NT$38.25 | x |
| 2007-12-31 | NT$15.24 | NT$38.25 | x |
| 2008-12-31 | NT$13.77 | NT$38.25 | x |
| 2009-12-31 | NT$18.37 | NT$38.25 | x |
| 2010-12-31 | NT$26.71 | NT$38.25 | x |
| 2011-12-31 | NT$26.33 | NT$38.25 | x |
| 2012-12-31 | NT$26.76 | NT$38.25 | x |
| 2013-12-31 | NT$25.49 | NT$38.25 | x |
| 2014-12-31 | NT$28.67 | NT$38.25 | x |
| 2015-12-31 | NT$30.71 | NT$38.25 | x |
| 2016-12-31 | NT$29.16 | NT$38.25 | x |
| 2017-12-31 | NT$16.50 | NT$38.25 | x |
| 2018-12-31 | NT$9.64 | NT$38.25 | x |
| 2019-12-31 | NT$8.06 | NT$38.25 | x |
| 2020-12-31 | NT$10.12 | NT$38.25 | x |
| 2021-12-31 | NT$9.96 | NT$38.25 | x |
| 2022-12-31 | NT$12.67 | NT$38.25 | x |
| 2023-12-31 | NT$11.18 | NT$38.25 | x |
| 2024-12-31 | NT$10.98 | NT$38.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gigastorage Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.36%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 4.14x
- Recent ROE (-7.82%) is above the historical average (-13.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 4.92% | 8.23% | 0.42x | 1.43x | NT$-206.43 Million |
| 2006 | -11.34% | -16.00% | 0.49x | 1.45x | NT$-678.10 Million |
| 2007 | -68.50% | -73.64% | 0.44x | 2.12x | NT$-1.54 Billion |
| 2008 | -8.79% | -8.16% | 0.54x | 2.00x | NT$-335.13 Million |
| 2009 | 10.61% | 12.98% | 0.45x | 1.83x | NT$16.14 Million |
| 2010 | 17.06% | 19.76% | 0.55x | 1.57x | NT$328.48 Million |
| 2011 | 2.75% | 2.58% | 0.53x | 2.00x | NT$-367.22 Million |
| 2012 | 0.34% | 0.27% | 0.59x | 2.14x | NT$-475.61 Million |
| 2013 | -15.12% | -8.29% | 0.71x | 2.58x | NT$-1.18 Billion |
| 2014 | 0.06% | 0.03% | 0.81x | 3.01x | NT$-544.28 Million |
| 2015 | 0.07% | 0.02% | 0.87x | 3.60x | NT$-595.48 Million |
| 2016 | 0.52% | 0.19% | 0.71x | 3.85x | NT$-605.84 Million |
| 2017 | -74.88% | -20.93% | 0.52x | 6.93x | NT$-2.99 Billion |
| 2018 | -69.39% | -15.23% | 0.50x | 9.09x | NT$-1.63 Billion |
| 2019 | 1.41% | 0.36% | 0.59x | 6.58x | NT$-187.51 Million |
| 2020 | -22.13% | -5.87% | 0.61x | 6.18x | NT$-814.49 Million |
| 2021 | -9.45% | -3.28% | 0.57x | 5.10x | NT$-563.11 Million |
| 2022 | -12.29% | -7.89% | 0.44x | 3.55x | NT$-963.70 Million |
| 2023 | -8.86% | -8.83% | 0.26x | 3.80x | NT$-740.06 Million |
| 2024 | -7.82% | -4.36% | 0.43x | 4.14x | NT$-686.78 Million |
Industry Comparison
This section compares Gigastorage Corp's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $5,271,906,778
- Average return on equity (ROE) among peers: -6.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gigastorage Corp (2406) | NT$8.19 Billion | 4.92% | 0.87x | $214.24 Million |
| United Renewable Energy Co Ltd (3576) | $13.11 Billion | -29.67% | 1.19x | $980.87 Million |
| Danen Technology Corp (3686) | $4.78 Billion | -6.85% | 0.63x | $38.94 Million |
| Gigasolar Materials (3691) | $5.22 Billion | -18.27% | 2.15x | $145.51 Million |
| Hsinjing Holding Co Ltd (3713) | $620.93 Million | 5.41% | 1.46x | $29.24 Million |
| Hengs Technology Co., Ltd. (4582) | $1.07 Billion | 22.10% | 1.42x | $38.01 Million |
| Tainergy Tech Co Ltd (4934) | $4.47 Billion | 3.92% | 0.60x | $89.09 Million |
| Win Win Precision Technology Co., Ltd. (4949) | $1.55 Billion | -5.81% | 0.28x | $19.71K |
| Motech Industries Co Ltd (6244) | $14.23 Billion | 1.77% | 1.09x | $191.85 Million |
| TSEC Corp (6443) | $2.39 Billion | -29.28% | 1.63x | $739.29 Million |