Lung Hwa Electronics Co Ltd
Lung Hwa Electronics Co., Ltd. provides maritime SAT communication network, CCTV IoT, and cyber security solutions in Taiwan and internationally. It offers maritime networking architect products; maritime antennas; and L-band iridium maritime antennas, as well as VHSAT flat portable terminals for emergency services, disaster recovery, military, security, government, and enterprise communication a… Read more
Lung Hwa Electronics Co Ltd (2424) - Net Assets
Latest net assets as of September 2025: NT$316.60 Million TWD
Based on the latest financial reports, Lung Hwa Electronics Co Ltd (2424) has net assets worth NT$316.60 Million 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$462.04 Million) and total liabilities (NT$145.44 Million). 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$316.60 Million |
| % of Total Assets | 68.52% |
| Annual Growth Rate | -4.75% |
| 5-Year Change | 139.81% |
| 10-Year Change | -38.68% |
| Growth Volatility | 27.47 |
Lung Hwa Electronics Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Lung Hwa Electronics 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 Lung Hwa Electronics Co Ltd (2002–2024)
The table below shows the annual net assets of Lung Hwa Electronics Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$309.66 Million | +6.11% |
| 2023-12-31 | NT$291.84 Million | -0.86% |
| 2022-12-31 | NT$294.38 Million | +36.39% |
| 2021-12-31 | NT$215.84 Million | +67.15% |
| 2020-12-31 | NT$129.13 Million | -47.88% |
| 2019-12-31 | NT$247.74 Million | -30.98% |
| 2018-12-31 | NT$358.96 Million | -10.60% |
| 2017-12-31 | NT$401.54 Million | -11.16% |
| 2016-12-31 | NT$451.99 Million | -10.49% |
| 2015-12-31 | NT$504.97 Million | -4.71% |
| 2014-12-31 | NT$529.95 Million | -0.56% |
| 2013-12-31 | NT$532.93 Million | +67.81% |
| 2012-12-31 | NT$317.59 Million | -9.31% |
| 2011-12-31 | NT$350.18 Million | +18.87% |
| 2010-12-31 | NT$294.60 Million | -5.79% |
| 2009-12-31 | NT$312.71 Million | -18.52% |
| 2008-12-31 | NT$383.79 Million | -11.61% |
| 2007-12-31 | NT$434.21 Million | -31.84% |
| 2006-12-31 | NT$637.03 Million | -19.36% |
| 2005-12-31 | NT$789.96 Million | -10.78% |
| 2004-12-31 | NT$885.37 Million | -7.26% |
| 2003-12-31 | NT$954.65 Million | +5.78% |
| 2002-12-31 | NT$902.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lung Hwa Electronics 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 decreased by 52174100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$576.05 Million | 198.27% |
| Other Components | NT$236.23 Million | 81.31% |
| Total Equity | NT$290.54 Million | 100.00% |
Lung Hwa Electronics Co Ltd Competitors by Market Cap
The table below lists competitors of Lung Hwa Electronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Opus One Resources Inc
V:OOR
|
$12.91 Million |
|
Vishnu Prakash R Punglia Limited
NSE:VPRPL
|
$12.92 Million |
|
Artemis Hali As
IS:ARTMS
|
$12.92 Million |
|
American Bank Inc
PINK:AMBK
|
$12.93 Million |
|
Ajiya Bhd
KLSE:7609
|
$12.91 Million |
|
GreenTree Hospitality Group Ltd
NYSE:GHG
|
$12.90 Million |
|
Aurora Spine Corporation
OTCQB:ASAPF
|
$12.90 Million |
|
Firetrade Engineering PCL
BK:FTE
|
$12.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lung Hwa Electronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 279,220,000 to 290,540,000, a change of 11,320,000 (4.1%).
- Net loss of 187,104,000 reduced equity.
- New share issuances of 145,240,000 increased equity.
- Other comprehensive income decreased equity by 25,556,000.
- Other factors increased equity by 78,740,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-187.10 Million | -64.4% |
| Share Issuances | NT$145.24 Million | +49.99% |
| Other Comprehensive Income | NT$-25.56 Million | -8.8% |
| Other Changes | NT$78.74 Million | +27.1% |
| Total Change | NT$- | 4.05% |
Book Value vs Market Value Analysis
This analysis compares Lung Hwa Electronics 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: 5.84x
- 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 1.31x to 5.84x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$23.16 | NT$30.40 | x |
| 2010-12-31 | NT$16.37 | NT$30.40 | x |
| 2011-12-31 | NT$19.45 | NT$30.40 | x |
| 2012-12-31 | NT$17.64 | NT$30.40 | x |
| 2013-12-31 | NT$29.61 | NT$30.40 | x |
| 2014-12-31 | NT$29.44 | NT$30.40 | x |
| 2015-12-31 | NT$28.05 | NT$30.40 | x |
| 2016-12-31 | NT$25.11 | NT$30.40 | x |
| 2017-12-31 | NT$22.31 | NT$30.40 | x |
| 2018-12-31 | NT$19.94 | NT$30.40 | x |
| 2019-12-31 | NT$13.78 | NT$30.40 | x |
| 2020-12-31 | NT$7.11 | NT$30.40 | x |
| 2021-12-31 | NT$8.28 | NT$30.40 | x |
| 2022-12-31 | NT$7.95 | NT$30.40 | x |
| 2023-12-31 | NT$5.68 | NT$30.40 | x |
| 2024-12-31 | NT$5.20 | NT$30.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lung Hwa Electronics Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -64.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -133.58%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.05x
- Recent ROE (-64.40%) is below the historical average (-27.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 6.59% | 3.23% | 1.18x | 1.73x | NT$-32.54 Million |
| 2009 | -21.51% | -95.33% | 0.19x | 1.20x | NT$-98.54 Million |
| 2010 | -1.08% | -1.91% | 0.46x | 1.23x | NT$-32.63 Million |
| 2011 | 16.85% | 40.79% | 0.33x | 1.26x | NT$24.00 Million |
| 2012 | -9.51% | -32.60% | 0.25x | 1.16x | NT$-61.97 Million |
| 2013 | 39.83% | 46.61% | 0.82x | 1.05x | NT$158.96 Million |
| 2014 | -1.19% | -12.24% | 0.09x | 1.05x | NT$-59.29 Million |
| 2015 | -5.31% | -600.51% | 0.01x | 1.01x | NT$-77.33 Million |
| 2016 | -10.07% | -1613.22% | 0.01x | 1.01x | NT$-90.71 Million |
| 2017 | -12.24% | -201.42% | 0.06x | 1.01x | NT$-89.31 Million |
| 2018 | -11.51% | -1540.27% | 0.01x | 1.03x | NT$-77.21 Million |
| 2019 | -45.37% | -491.63% | 0.04x | 2.45x | NT$-137.16 Million |
| 2020 | -114.86% | -828.12% | 0.03x | 4.50x | NT$-161.84 Million |
| 2021 | -107.63% | -1772.76% | 0.03x | 2.15x | NT$-253.96 Million |
| 2022 | -57.92% | -214.08% | 0.14x | 1.88x | NT$-199.40 Million |
| 2023 | -69.68% | -182.39% | 0.16x | 2.38x | NT$-222.48 Million |
| 2024 | -64.40% | -133.58% | 0.24x | 2.05x | NT$-216.16 Million |
Industry Comparison
This section compares Lung Hwa Electronics Co Ltd's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $2,363,502,333
- Average return on equity (ROE) among peers: 10.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lung Hwa Electronics Co Ltd (2424) | NT$316.60 Million | 6.59% | 0.46x | $12.91 Million |
| Merry Electronics Co Ltd (2439) | $2.17 Billion | 16.03% | 0.57x | $570.30 Million |
| Taiwan Line Tek Electronic Co Ltd (2462) | $2.55 Billion | 0.44% | 0.92x | $64.46 Million |
| Meiloon Industrial Co Ltd (2477) | $4.80 Billion | 22.79% | 0.42x | $54.24 Million |
| Hanpin Electron Co Ltd (2488) | $1.90 Billion | 9.99% | 0.94x | $79.48 Million |
| Action Electronics Co Ltd (3024) | $3.55 Billion | 18.90% | 1.15x | $69.35 Million |
| Global View Co Ltd (3040) | $1.93 Billion | 36.06% | 0.07x | $52.08 Million |
| U-Tech Media Corp (3050) | $2.71 Billion | 2.67% | 0.85x | $41.27 Million |
| Phonic Corporation (3067) | $158.28 Million | -14.71% | 0.12x | $5.31K |
| Powertech Industrial Co Ltd (3296) | $1.49 Billion | 1.74% | 0.47x | $37.37 Million |