Enlight Corp (2438) - Net Assets
Based on the latest financial reports, Enlight Corp (2438) has net assets worth NT$564.28 Million TWD (≈ $17.78 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.80 Billion ≈ $56.85 Million USD) and total liabilities (NT$1.24 Billion ≈ $39.07 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. Check Enlight Corp PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$564.28 Million |
| % of Total Assets | 31.27% |
| Annual Growth Rate | -7.7% |
| 5-Year Change | -31.63% |
| 10-Year Change | -37.4% |
| Growth Volatility | 54.08 |
Enlight Corp - Net Assets Trend (2002–2025)
This chart illustrates how Enlight Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 2438 market cap.
Annual Net Assets for Enlight Corp (2002–2025)
The table below shows the annual net assets of Enlight Corp from 2002 to 2025. Also explore Enlight Corp (2438) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$564.28 Million ≈ $17.78 Million |
-23.01% |
| 2024-12-31 | NT$732.96 Million ≈ $23.09 Million |
+4.89% |
| 2023-12-31 | NT$698.77 Million ≈ $22.01 Million |
-10.69% |
| 2022-12-31 | NT$782.45 Million ≈ $24.65 Million |
-5.20% |
| 2021-12-31 | NT$825.38 Million ≈ $26.00 Million |
+0.25% |
| 2020-12-31 | NT$823.32 Million ≈ $25.94 Million |
-1.19% |
| 2019-12-31 | NT$833.21 Million ≈ $26.25 Million |
-0.64% |
| 2018-12-31 | NT$838.57 Million ≈ $26.42 Million |
+0.26% |
| 2017-12-31 | NT$836.39 Million ≈ $26.35 Million |
-7.21% |
| 2016-12-31 | NT$901.37 Million ≈ $28.40 Million |
+30.92% |
| 2015-12-31 | NT$688.47 Million ≈ $21.69 Million |
+5.03% |
| 2014-12-31 | NT$655.50 Million ≈ $20.65 Million |
+227.20% |
| 2013-12-31 | NT$200.34 Million ≈ $6.31 Million |
-7.28% |
| 2012-12-31 | NT$216.06 Million ≈ $6.81 Million |
-48.83% |
| 2011-12-31 | NT$422.21 Million ≈ $13.30 Million |
+4.84% |
| 2010-12-31 | NT$402.71 Million ≈ $12.69 Million |
+36.92% |
| 2009-12-31 | NT$294.13 Million ≈ $9.27 Million |
-83.73% |
| 2008-12-31 | NT$1.81 Billion ≈ $56.94 Million |
-56.71% |
| 2007-12-31 | NT$4.18 Billion ≈ $131.54 Million |
-1.30% |
| 2006-12-31 | NT$4.23 Billion ≈ $133.28 Million |
+11.04% |
| 2005-12-31 | NT$3.81 Billion ≈ $120.03 Million |
+5.87% |
| 2004-12-31 | NT$3.60 Billion ≈ $113.38 Million |
-0.24% |
| 2003-12-31 | NT$3.61 Billion ≈ $113.64 Million |
+1.31% |
| 2002-12-31 | NT$3.56 Billion ≈ $112.17 Million |
-- |
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 33875900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$651.96 Million | 201.01% |
| Other Components | NT$11.14 Million | 3.43% |
| Total Equity | NT$324.33 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 |
|---|---|
|
NewFlex Technology Co. Ltd
KQ:085670
|
$41.36 Million |
|
LORDS CHLORO ALKALI ORD T (BSE)
NSE:LORDSCHLO
|
$41.37 Million |
|
Trimitra Prawara Goldland Tbk Pt
JK:ATAP
|
$41.38 Million |
|
Sinher Technology Inc
TW:4999
|
$41.40 Million |
|
Rigolleau SA
BA:RIGO
|
$41.36 Million |
|
Joong Ang Enervis Co. Ltd
KQ:000440
|
$41.34 Million |
|
Prairie Operating Co. Common Stock
NASDAQ:PROP
|
$41.34 Million |
|
Sequans Communications SA
NYSE:SQNS
|
$41.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Enlight Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 465,484,000 to 324,334,000, a change of -141,150,000 (-30.3%).
- Net loss of 147,805,000 reduced equity.
- Other factors increased equity by 6,655,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-147.81 Million | -45.57% |
| Other Changes | NT$6.66 Million | +2.05% |
| Total Change | NT$- | -30.32% |
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: 3.69x
- 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 3.48x to 3.69x 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$5.54 | NT$19.25 | x |
| 2010-12-31 | NT$21.04 | NT$19.25 | x |
| 2011-12-31 | NT$16.58 | NT$19.25 | x |
| 2012-12-31 | NT$8.59 | NT$19.25 | x |
| 2013-12-31 | NT$7.96 | NT$19.25 | x |
| 2014-12-31 | NT$9.83 | NT$19.25 | x |
| 2015-12-31 | NT$8.80 | NT$19.25 | x |
| 2016-12-31 | NT$11.75 | NT$19.25 | x |
| 2017-12-31 | NT$9.59 | NT$19.25 | x |
| 2018-12-31 | NT$9.79 | NT$19.25 | x |
| 2019-12-31 | NT$9.75 | NT$19.25 | x |
| 2020-12-31 | NT$9.78 | NT$19.25 | x |
| 2021-12-31 | NT$9.78 | NT$19.25 | x |
| 2022-12-31 | NT$9.40 | NT$19.25 | x |
| 2023-12-31 | NT$8.19 | NT$19.25 | x |
| 2024-12-31 | NT$8.02 | NT$19.25 | x |
| 2025-12-31 | NT$5.22 | NT$19.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Enlight Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -45.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.96%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 5.56x
- Recent ROE (-45.57%) is below the historical average (-23.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 2.78% | 1.15% | 0.94x | 2.58x | NT$-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 |
| 2025 | -45.57% | -32.96% | 0.25x | 5.56x | NT$-180.24 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: $4,699,463,000
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Enlight Corp (2438) | NT$564.28 Million | 2.78% | 2.20x | $41.36 Million |
| Shihlin Electric & Engineering Corp (1503) | $11.33 Billion | 7.65% | 0.88x | $3.21 Billion |
| Allis Electric Co Ltd (1514) | $2.49 Billion | 1.44% | 0.63x | $834.85 Million |
| Fortune Electric Co Ltd (1519) | $2.04 Billion | 0.00% | 1.09x | $7.73 Billion |
| Klingon Aerospace Inc (1529) | $1.76 Billion | -1.15% | 0.93x | $72.32 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $1.13 Billion | 15.15% | 0.44x | $297.32 Million |
| Chieftek Precision Co Ltd (1597) | $2.39 Billion | 3.92% | 0.74x | $380.77 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $7.92 Billion | 4.09% | 0.56x | $481.14 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $11.52 Billion | 12.23% | 1.98x | $920.08 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $4.92 Billion | 1.04% | 0.18x | $347.05 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.48 Billion | 5.62% | 0.54x | $266.43 Million |
About 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