Abonmax Co Ltd
Abonmax Co., Ltd, an integrated optoelectronic display company, engages in the production and sale of electronic components and appliances, and audio-visual electronic products in Taiwan, China, and internationally. The company offers electric assisted bicycles; e-bike mid-mounted powertrain and e-scooter efficient motors; memory devices, such as flash drives, micro-SD cards, and solid-state driv… Read more
Abonmax Co Ltd (2429) - Net Assets
Latest net assets as of September 2025: NT$826.30 Million TWD
Based on the latest financial reports, Abonmax Co Ltd (2429) has net assets worth NT$826.30 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$1.61 Billion) and total liabilities (NT$781.25 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$826.30 Million |
| % of Total Assets | 51.4% |
| Annual Growth Rate | 0.56% |
| 5-Year Change | 188.7% |
| 10-Year Change | 164.74% |
| Growth Volatility | 149.57 |
Abonmax Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Abonmax 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 Abonmax Co Ltd (2002–2024)
The table below shows the annual net assets of Abonmax Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$909.05 Million | +266.66% |
| 2023-12-31 | NT$247.93 Million | -15.66% |
| 2022-12-31 | NT$293.95 Million | -7.30% |
| 2021-12-31 | NT$317.08 Million | +0.70% |
| 2020-12-31 | NT$314.87 Million | +11.80% |
| 2019-12-31 | NT$281.65 Million | -0.64% |
| 2018-12-31 | NT$283.47 Million | -3.98% |
| 2017-12-31 | NT$295.21 Million | -20.86% |
| 2016-12-31 | NT$373.03 Million | +8.64% |
| 2015-12-31 | NT$343.38 Million | -19.97% |
| 2014-12-31 | NT$429.07 Million | -18.81% |
| 2013-12-31 | NT$528.45 Million | +75.89% |
| 2012-12-31 | NT$300.44 Million | +38.29% |
| 2011-12-31 | NT$217.25 Million | -43.12% |
| 2010-12-31 | NT$381.93 Million | +371.51% |
| 2009-12-31 | NT$81.00 Million | +547.13% |
| 2008-12-31 | NT$12.52 Million | -88.19% |
| 2007-12-31 | NT$106.02 Million | -25.41% |
| 2006-12-31 | NT$142.12 Million | -63.89% |
| 2005-12-31 | NT$393.63 Million | -18.45% |
| 2004-12-31 | NT$482.65 Million | -21.49% |
| 2003-12-31 | NT$614.79 Million | -23.61% |
| 2002-12-31 | NT$804.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Abonmax 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 40209100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$855.00 Million | 95.96% |
| Other Comprehensive Income | NT$-13.08 Million | -1.47% |
| Other Components | NT$451.20 Million | 50.64% |
| Total Equity | NT$891.03 Million | 100.00% |
Abonmax Co Ltd Competitors by Market Cap
The table below lists competitors of Abonmax Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dohome Public Company Limited
BK:DOHOME
|
$93.87 Million |
|
Gamehost Inc
PINK:GHIFF
|
$93.87 Million |
|
Barton Gold Holdings Ltd
AU:BGD
|
$93.91 Million |
|
Erbosan Erciyas Boru Sanayi Ve Ticaret AS
IS:ERBOS
|
$93.92 Million |
|
S + U PLC DL 0125
F:97V
|
$93.83 Million |
|
FORTINOVA FASTIGH. B O.N.
F:733
|
$93.81 Million |
|
Vor Biopharma Inc
NASDAQ:VOR
|
$93.77 Million |
|
Calin Technology Co Ltd
TW:4976
|
$93.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Abonmax Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 233,508,000 to 891,030,000, a change of 657,522,000 (281.6%).
- Net loss of 132,831,000 reduced equity.
- New share issuances of 771,182,000 increased equity.
- Other comprehensive income decreased equity by 4,832,001.
- Other factors increased equity by 24,003,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-132.83 Million | -14.91% |
| Share Issuances | NT$771.18 Million | +86.55% |
| Other Comprehensive Income | NT$-4.83 Million | -0.54% |
| Other Changes | NT$24.00 Million | +2.69% |
| Total Change | NT$- | 281.58% |
Book Value vs Market Value Analysis
This analysis compares Abonmax 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: 3.52x
- 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 7.77x to 3.52x 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$6.59 | NT$51.20 | x |
| 2010-12-31 | NT$23.98 | NT$51.20 | x |
| 2011-12-31 | NT$12.68 | NT$51.20 | x |
| 2012-12-31 | NT$19.68 | NT$51.20 | x |
| 2013-12-31 | NT$28.64 | NT$51.20 | x |
| 2014-12-31 | NT$15.88 | NT$51.20 | x |
| 2015-12-31 | NT$12.71 | NT$51.20 | x |
| 2016-12-31 | NT$13.01 | NT$51.20 | x |
| 2017-12-31 | NT$10.00 | NT$51.20 | x |
| 2018-12-31 | NT$9.56 | NT$51.20 | x |
| 2019-12-31 | NT$8.18 | NT$51.20 | x |
| 2020-12-31 | NT$6.49 | NT$51.20 | x |
| 2021-12-31 | NT$6.81 | NT$51.20 | x |
| 2022-12-31 | NT$6.24 | NT$51.20 | x |
| 2023-12-31 | NT$5.38 | NT$51.20 | x |
| 2024-12-31 | NT$14.55 | NT$51.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Abonmax Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -43.13%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.43x
- Recent ROE (-14.91%) is above the historical average (-17.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 6.69% | 0.65% | 0.96x | 10.61x | NT$-2.68 Million |
| 2010 | -42.15% | -25.58% | 0.61x | 2.68x | NT$-199.18 Million |
| 2011 | -70.61% | -32.35% | 0.55x | 3.95x | NT$-175.13 Million |
| 2012 | 46.37% | 18.01% | 0.99x | 2.61x | NT$109.27 Million |
| 2013 | -17.05% | -14.19% | 0.72x | 1.66x | NT$-142.93 Million |
| 2014 | -23.26% | -12.12% | 0.93x | 2.07x | NT$-142.72 Million |
| 2015 | -24.79% | -11.37% | 1.07x | 2.04x | NT$-119.45 Million |
| 2016 | 2.27% | 0.77% | 0.86x | 3.40x | NT$-27.15 Million |
| 2017 | -30.06% | -7.66% | 1.06x | 3.69x | NT$-108.19 Million |
| 2018 | -4.67% | -1.33% | 0.97x | 3.61x | NT$-37.86 Million |
| 2019 | -50.27% | -13.53% | 1.15x | 3.24x | NT$-157.68 Million |
| 2020 | -28.66% | -7.72% | 0.93x | 4.01x | NT$-93.81 Million |
| 2021 | -3.48% | -0.96% | 1.18x | 3.06x | NT$-36.47 Million |
| 2022 | -21.12% | -10.16% | 0.68x | 3.06x | NT$-78.00 Million |
| 2023 | -10.41% | -4.74% | 1.11x | 1.98x | NT$-47.66 Million |
| 2024 | -14.91% | -43.13% | 0.24x | 1.43x | NT$-221.93 Million |
Industry Comparison
This section compares Abonmax Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $187,867,240,100
- Average return on equity (ROE) among peers: 6.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Abonmax Co Ltd (2429) | NT$826.30 Million | 6.69% | 0.95x | $93.86 Million |
| Syncmold Enterprise Corp (1582) | $4.29 Billion | 16.99% | 0.69x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.39 Billion | 0.00% | 0.90x | $1.40 Billion |
| Delta Electronics Inc (2308) | $325.39 Billion | 20.88% | 0.97x | $80.57 Billion |
| Compeq Manufacturing Co Ltd (2313) | $14.23 Billion | 2.16% | 1.01x | $6.72 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $1.48 Trillion | 6.88% | 1.48x | $76.45 Billion |
| Pan-International Industrial Corp (2328) | $18.48 Billion | 5.79% | 0.37x | $561.22 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $460.73 Million |
| Solomon Technology Corp (2359) | $5.33 Billion | 8.60% | 0.59x | $417.90 Million |
| Unitech Printed Circuit Board Corp (2367) | $8.30 Billion | -8.42% | 1.39x | $1.40 Billion |
| Gold Circuit Electronics Ltd (2368) | $7.17 Billion | 1.81% | 1.92x | $8.82 Billion |