Enlight Corp
Enlight Corporation, together with its subsidiaries, provides electrical appliances in Taiwan, Mainland China, the United States, and internationally. The company offers AI business, including AI computing power rental, colocation, computing center construction, and custom AI design services. It also provides military uniforms, equipment and professional services for government procurement projec… Read more
Enlight Corp (2438) - Net Assets
Latest net assets as of September 2025: NT$583.06 Million TWD
Based on the latest financial reports, Enlight Corp (2438) has net assets worth NT$583.06 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$1.78 Billion) and total liabilities (NT$1.20 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$583.06 Million |
| % of Total Assets | 32.78% |
| Annual Growth Rate | -6.93% |
| 5-Year Change | -10.98% |
| 10-Year Change | 6.46% |
| Growth Volatility | 54.99 |
Enlight Corp - Net Assets Trend (2002–2024)
This chart illustrates how Enlight 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 Enlight Corp (2002–2024)
The table below shows the annual net assets of Enlight Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$732.96 Million | +4.89% |
| 2023-12-31 | NT$698.77 Million | -10.69% |
| 2022-12-31 | NT$782.45 Million | -5.20% |
| 2021-12-31 | NT$825.38 Million | +0.25% |
| 2020-12-31 | NT$823.32 Million | -1.19% |
| 2019-12-31 | NT$833.21 Million | -0.64% |
| 2018-12-31 | NT$838.57 Million | +0.26% |
| 2017-12-31 | NT$836.39 Million | -7.21% |
| 2016-12-31 | NT$901.37 Million | +30.92% |
| 2015-12-31 | NT$688.47 Million | +5.03% |
| 2014-12-31 | NT$655.50 Million | +227.20% |
| 2013-12-31 | NT$200.34 Million | -7.28% |
| 2012-12-31 | NT$216.06 Million | -48.83% |
| 2011-12-31 | NT$422.21 Million | +4.84% |
| 2010-12-31 | NT$402.71 Million | +36.92% |
| 2009-12-31 | NT$294.13 Million | -83.73% |
| 2008-12-31 | NT$1.81 Billion | -56.71% |
| 2007-12-31 | NT$4.18 Billion | -1.30% |
| 2006-12-31 | NT$4.23 Billion | +11.04% |
| 2005-12-31 | NT$3.81 Billion | +5.87% |
| 2004-12-31 | NT$3.60 Billion | -0.24% |
| 2003-12-31 | NT$3.61 Billion | +1.31% |
| 2002-12-31 | NT$3.56 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Enlight 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 19095400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$651.96 Million | 140.06% |
| Other Components | NT$4.48 Million | 0.96% |
| Total Equity | NT$465.48 Million | 100.00% |
Enlight Corp Competitors by Market Cap
The table below lists competitors of Enlight Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yi Shin Textile Industrial Co
TW:4440
|
$25.20 Million |
|
Eniro AB
ST:ENRO
|
$25.20 Million |
|
BIDV Insurance Corp
VN:BIC
|
$25.21 Million |
|
First Responder Technologies Inc
PINK:WPNNF
|
$25.21 Million |
|
NHOA S.A
PINK:ENGPF
|
$25.19 Million |
|
Globon Co. Ltd
KQ:019660
|
$25.19 Million |
|
Multicampus Corporation
KQ:067280
|
$25.18 Million |
|
Koss Corporation
NASDAQ:KOSS
|
$25.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Enlight Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 472,630,000 to 465,484,000, a change of -7,146,000 (-1.5%).
- Net loss of 99,522,000 reduced equity.
- New share issuances of 111,300,000 increased equity.
- Other comprehensive income increased equity by 16,787,000.
- Other factors decreased equity by 35,711,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-99.52 Million | -21.38% |
| Share Issuances | NT$111.30 Million | +23.91% |
| Other Comprehensive Income | NT$16.79 Million | +3.61% |
| Other Changes | NT$-35.71 Million | -7.67% |
| Total Change | NT$- | -1.51% |
Book Value vs Market Value Analysis
This analysis compares Enlight 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: 2.57x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.72x to 2.57x 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$5.54 | NT$20.60 | x |
| 2010-12-31 | NT$21.04 | NT$20.60 | x |
| 2011-12-31 | NT$16.58 | NT$20.60 | x |
| 2012-12-31 | NT$8.59 | NT$20.60 | x |
| 2013-12-31 | NT$7.96 | NT$20.60 | x |
| 2014-12-31 | NT$9.83 | NT$20.60 | x |
| 2015-12-31 | NT$8.80 | NT$20.60 | x |
| 2016-12-31 | NT$11.75 | NT$20.60 | x |
| 2017-12-31 | NT$9.59 | NT$20.60 | x |
| 2018-12-31 | NT$9.79 | NT$20.60 | x |
| 2019-12-31 | NT$9.75 | NT$20.60 | x |
| 2020-12-31 | NT$9.78 | NT$20.60 | x |
| 2021-12-31 | NT$9.78 | NT$20.60 | x |
| 2022-12-31 | NT$9.40 | NT$20.60 | x |
| 2023-12-31 | NT$8.19 | NT$20.60 | x |
| 2024-12-31 | NT$8.02 | NT$20.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Enlight Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -21.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.64%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 3.53x
- Recent ROE (-21.38%) is above the historical average (-22.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 2.78% | 1.15% | 0.94x | 2.58x | NT$-260.54 Million |
| 2004 | 3.68% | 1.23% | 1.21x | 2.48x | NT$-227.57 Million |
| 2005 | 7.68% | 2.22% | 1.26x | 2.74x | NT$-88.30 Million |
| 2006 | 2.94% | 0.82% | 1.20x | 2.99x | NT$-284.26 Million |
| 2007 | 3.26% | 0.94% | 1.13x | 3.07x | NT$-270.15 Million |
| 2009 | -329.59% | -139.20% | 0.39x | 6.09x | NT$-1.15 Billion |
| 2010 | -14.70% | -32.64% | 0.12x | 3.84x | NT$-98.09 Million |
| 2011 | -13.88% | -21.87% | 0.19x | 3.43x | NT$-99.61 Million |
| 2012 | -85.41% | -700.26% | 0.09x | 1.33x | NT$-206.15 Million |
| 2013 | -6.62% | -40.54% | 0.12x | 1.34x | NT$-33.30 Million |
| 2014 | 0.67% | 0.78% | 0.36x | 2.39x | NT$-38.58 Million |
| 2015 | 1.30% | 0.89% | 0.56x | 2.59x | NT$-36.42 Million |
| 2016 | -1.10% | -1.61% | 0.38x | 1.79x | NT$-72.66 Million |
| 2017 | -13.30% | -14.89% | 0.49x | 1.82x | NT$-134.56 Million |
| 2018 | 1.52% | 2.02% | 0.44x | 1.71x | NT$-49.93 Million |
| 2019 | -9.52% | -12.95% | 0.43x | 1.69x | NT$-114.58 Million |
| 2020 | 3.76% | 5.84% | 0.40x | 1.61x | NT$-36.73 Million |
| 2021 | 3.11% | 4.86% | 0.38x | 1.67x | NT$-40.53 Million |
| 2022 | -3.95% | -10.66% | 0.25x | 1.49x | NT$-78.99 Million |
| 2023 | -12.21% | -48.95% | 0.09x | 2.89x | NT$-104.95 Million |
| 2024 | -21.38% | -25.64% | 0.24x | 3.53x | NT$-146.07 Million |
Industry Comparison
This section compares Enlight Corp's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,743,644,300
- Average return on equity (ROE) among peers: 7.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Enlight Corp (2438) | NT$583.06 Million | 2.78% | 2.05x | $25.19 Million |
| Shihlin Electric & Engineering Corp (1503) | $22.39 Billion | 5.94% | 0.65x | $1.62 Billion |
| Allis Electric Co Ltd (1514) | $2.21 Billion | 0.00% | 0.80x | $709.40 Million |
| Fortune Electric Co Ltd (1519) | $6.13 Billion | 42.03% | 1.49x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $964.63 Million | 0.00% | 1.84x | $94.41 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $1.03 Billion | 2.38% | 0.31x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.41 Billion | 3.30% | 0.70x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $8.08 Billion | 1.11% | 0.67x | $101.17 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $7.50 Billion | -7.23% | 1.37x | $713.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $5.05 Billion | 12.62% | 0.24x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.66 Billion | 11.82% | 0.46x | $96.40 Million |