Sunonwealth Electric Machine Industry Co Ltd (2421) - Net Assets
Based on the latest financial reports, Sunonwealth Electric Machine Industry Co Ltd (2421) has net assets worth NT$11.32 Billion TWD (≈ $356.76 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$19.42 Billion ≈ $611.84 Million USD) and total liabilities (NT$8.10 Billion ≈ $255.08 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. Also explore total assets of Sunonwealth Electric Machine Industry Co for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$11.32 Billion |
| % of Total Assets | 58.31% |
| Annual Growth Rate | 5.73% |
| 5-Year Change | 103.52% |
| 10-Year Change | 118.52% |
| Growth Volatility | 9.5 |
Sunonwealth Electric Machine Industry Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Sunonwealth Electric Machine Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Check how tangible is Sunonwealth Electric Machine Industry Co's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Sunonwealth Electric Machine Industry Co Ltd (2002–2025)
The table below shows the annual net assets of Sunonwealth Electric Machine Industry Co Ltd from 2002 to 2025. For live valuation and market cap data, see Sunonwealth Electric Machine Industry Co (2421) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$8.89 Billion ≈ $279.99 Million |
+12.21% |
| 2024-12-31 | NT$7.92 Billion ≈ $249.53 Million |
+9.72% |
| 2023-12-31 | NT$7.22 Billion ≈ $227.43 Million |
+38.76% |
| 2022-12-31 | NT$5.20 Billion ≈ $163.91 Million |
+19.14% |
| 2021-12-31 | NT$4.37 Billion ≈ $137.58 Million |
-4.95% |
| 2020-12-31 | NT$4.59 Billion ≈ $144.74 Million |
+8.64% |
| 2019-12-31 | NT$4.23 Billion ≈ $133.23 Million |
+2.16% |
| 2018-12-31 | NT$4.14 Billion ≈ $130.41 Million |
-0.83% |
| 2017-12-31 | NT$4.17 Billion ≈ $131.51 Million |
+2.63% |
| 2016-12-31 | NT$4.07 Billion ≈ $128.13 Million |
+1.49% |
| 2015-12-31 | NT$4.01 Billion ≈ $126.25 Million |
+1.20% |
| 2014-12-31 | NT$3.96 Billion ≈ $124.75 Million |
+6.71% |
| 2013-12-31 | NT$3.71 Billion ≈ $116.91 Million |
+4.38% |
| 2012-12-31 | NT$3.56 Billion ≈ $112.00 Million |
-10.47% |
| 2011-12-31 | NT$3.97 Billion ≈ $125.11 Million |
+1.24% |
| 2010-12-31 | NT$3.92 Billion ≈ $123.57 Million |
+7.24% |
| 2009-12-31 | NT$3.66 Billion ≈ $115.23 Million |
+3.32% |
| 2008-12-31 | NT$3.54 Billion ≈ $111.53 Million |
+3.76% |
| 2007-12-31 | NT$3.41 Billion ≈ $107.49 Million |
+14.97% |
| 2006-12-31 | NT$2.97 Billion ≈ $93.50 Million |
+14.44% |
| 2005-12-31 | NT$2.59 Billion ≈ $81.70 Million |
+5.02% |
| 2004-12-31 | NT$2.47 Billion ≈ $77.79 Million |
-0.33% |
| 2003-12-31 | NT$2.48 Billion ≈ $78.05 Million |
+0.39% |
| 2002-12-31 | NT$2.47 Billion ≈ $77.75 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Sunonwealth Electric Machine Industry 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 2925.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.56 Billion | 40.05% |
| Common Stock | NT$2.73 Billion | 30.77% |
| Other Comprehensive Income | NT$2.65 Billion | 29.81% |
| Total Equity | NT$8.89 Billion | 100.00% |
Sunonwealth Electric Machine Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Sunonwealth Electric Machine Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hotel Shilla
KO:008770
|
$1.19 Billion |
|
Akasha Wira International Tbk
JK:ADES
|
$1.19 Billion |
|
Bangkok Airways Public Company Limited
BK:BA
|
$1.19 Billion |
|
Abacus Storage King
AU:ASK
|
$1.19 Billion |
|
Kumho Tire
KO:073240
|
$1.19 Billion |
|
Mainstreet Equity Corp.
TO:MEQ
|
$1.19 Billion |
|
Elemental Royalties Corp
V:ELE
|
$1.19 Billion |
|
Afry AB
ST:AFRY
|
$1.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunonwealth Electric Machine Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,920,262,000 to 8,887,087,000, a change of 966,825,000 (12.2%).
- Net income of 2,165,699,000 contributed positively to equity growth.
- Dividend payments of 1,011,742,000 reduced retained earnings.
- Share repurchases of 77,943,000 reduced equity.
- Other comprehensive income increased equity by 2,785,537,000.
- Other factors decreased equity by 2,894,726,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.17 Billion | +24.37% |
| Dividends Paid | NT$1.01 Billion | -11.38% |
| Share Repurchases | NT$77.94 Million | -0.88% |
| Other Comprehensive Income | NT$2.79 Billion | +31.34% |
| Other Changes | NT$-2.89 Billion | -32.57% |
| Total Change | NT$- | 12.21% |
Book Value vs Market Value Analysis
This analysis compares Sunonwealth Electric Machine Industry 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: 4.08x
- 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 11.41x to 4.08x 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$11.57 | NT$132.00 | x |
| 2007-12-31 | NT$12.65 | NT$132.00 | x |
| 2008-12-31 | NT$13.20 | NT$132.00 | x |
| 2009-12-31 | NT$13.99 | NT$132.00 | x |
| 2010-12-31 | NT$15.05 | NT$132.00 | x |
| 2011-12-31 | NT$15.23 | NT$132.00 | x |
| 2012-12-31 | NT$13.88 | NT$132.00 | x |
| 2013-12-31 | NT$14.66 | NT$132.00 | x |
| 2014-12-31 | NT$15.64 | NT$132.00 | x |
| 2015-12-31 | NT$15.87 | NT$132.00 | x |
| 2016-12-31 | NT$16.11 | NT$132.00 | x |
| 2017-12-31 | NT$16.47 | NT$132.00 | x |
| 2018-12-31 | NT$16.46 | NT$132.00 | x |
| 2019-12-31 | NT$16.83 | NT$132.00 | x |
| 2020-12-31 | NT$18.28 | NT$132.00 | x |
| 2021-12-31 | NT$17.38 | NT$132.00 | x |
| 2022-12-31 | NT$20.67 | NT$132.00 | x |
| 2023-12-31 | NT$27.39 | NT$132.00 | x |
| 2024-12-31 | NT$28.92 | NT$132.00 | x |
| 2025-12-31 | NT$32.34 | NT$132.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunonwealth Electric Machine Industry Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.60%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.96x
- Recent ROE (24.37%) is above the historical average (11.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.63% | 3.45% | 0.88x | 1.52x | NT$-132.48 Million |
| 2003 | 2.60% | 1.80% | 0.92x | 1.56x | NT$-183.33 Million |
| 2004 | 5.12% | 2.83% | 1.03x | 1.75x | NT$-120.58 Million |
| 2005 | 4.00% | 1.95% | 0.99x | 2.08x | NT$-150.42 Million |
| 2006 | 9.87% | 4.46% | 1.13x | 1.95x | NT$-3.82 Million |
| 2007 | 7.77% | 3.73% | 1.07x | 1.94x | NT$-72.96 Million |
| 2008 | 4.60% | 2.13% | 1.14x | 1.90x | NT$-184.24 Million |
| 2009 | 7.66% | 4.22% | 1.07x | 1.70x | NT$-84.58 Million |
| 2010 | 15.73% | 7.67% | 1.25x | 1.64x | NT$222.34 Million |
| 2011 | 11.00% | 5.61% | 1.12x | 1.75x | NT$39.17 Million |
| 2012 | 6.08% | 2.78% | 1.23x | 1.77x | NT$-138.18 Million |
| 2013 | 8.33% | 3.71% | 1.22x | 1.84x | NT$-61.55 Million |
| 2014 | 9.67% | 3.98% | 1.30x | 1.87x | NT$-13.11 Million |
| 2015 | 11.12% | 4.37% | 1.34x | 1.89x | NT$44.64 Million |
| 2016 | 14.18% | 5.35% | 1.27x | 2.08x | NT$168.65 Million |
| 2017 | 15.88% | 6.01% | 1.24x | 2.13x | NT$243.44 Million |
| 2018 | 14.62% | 5.06% | 1.33x | 2.17x | NT$191.18 Million |
| 2019 | 16.10% | 5.84% | 1.24x | 2.23x | NT$257.92 Million |
| 2020 | 18.54% | 6.66% | 1.23x | 2.27x | NT$392.24 Million |
| 2021 | 9.83% | 3.17% | 1.18x | 2.64x | NT$-7.43 Million |
| 2022 | 20.93% | 7.74% | 1.15x | 2.34x | NT$568.85 Million |
| 2023 | 18.48% | 10.33% | 1.02x | 1.75x | NT$612.06 Million |
| 2024 | 18.84% | 10.20% | 0.98x | 1.89x | NT$700.07 Million |
| 2025 | 24.37% | 11.60% | 1.07x | 1.96x | NT$1.28 Billion |
Industry Comparison
This section compares Sunonwealth Electric Machine Industry Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $6,742,262,300
- Average return on equity (ROE) among peers: 10.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunonwealth Electric Machine Industry Co Ltd (2421) | NT$11.32 Billion | 4.63% | 0.71x | $1.19 Billion |
| TECO Electric & Machinery Co Ltd (1504) | $38.21 Billion | 7.09% | 0.79x | $5.03 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $6.98 Billion | 12.10% | 0.99x | $2.53 Billion |
| Anderson Industrial Corp (1528) | $2.12 Billion | 4.26% | 0.94x | $120.26 Million |
| Awea Mechantronic Co Ltd (1530) | $2.93 Billion | 6.01% | 1.60x | $91.34 Million |
| Kaulin Mfg (1531) | $4.28 Billion | 2.34% | 0.28x | $74.87 Million |
| Chiu Ting Machinery Co Ltd (1539) | $696.87 Million | 12.97% | 1.46x | $32.95 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.37 Billion | 3.35% | 0.19x | $59.24 Million |
| Sinmag Equipment (1580) | $2.04 Billion | 26.12% | 0.62x | $177.21 Million |
| Goodway Machine Corp (1583) | $3.27 Billion | 6.42% | 1.28x | $170.10 Million |
| Airtac International Group (1590) | $5.51 Billion | 24.49% | 0.55x | $8.83 Billion |
About Sunonwealth Electric Machine Industry Co Ltd
Sunonwealth Electric Machine Industry Co., Ltd., together with its subsidiaries, researches, manufactures and sells precision motors and cooling fans worldwide. The company engages in general investment, real estate, sells garden fans. Sunonwealth Electric Machine Industry Co., Ltd. is headquartered in Kaohsiung City, Taiwan