Syscom Computer Engineering Co
Syscom Computer Engineering Co., together with its subsidiaries, provides information technology services in Taiwan, China, the United States, and Southeast Asia. The company leases and sells computer systems; designs computer software; and offers services for the integration of computer information systems, and maintenance of computer hardware and software. It also develops, manufactures, and se… Read more
Syscom Computer Engineering Co (2453) - Net Assets
Latest net assets as of September 2025: NT$2.14 Billion TWD
Based on the latest financial reports, Syscom Computer Engineering Co (2453) has net assets worth NT$2.14 Billion 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$4.90 Billion) and total liabilities (NT$2.76 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$2.14 Billion |
| % of Total Assets | 43.66% |
| Annual Growth Rate | 1.62% |
| 5-Year Change | 15.28% |
| 10-Year Change | 25.26% |
| Growth Volatility | 2.12 |
Syscom Computer Engineering Co - Net Assets Trend (2002–2024)
This chart illustrates how Syscom Computer Engineering Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Syscom Computer Engineering Co (2002–2024)
The table below shows the annual net assets of Syscom Computer Engineering Co from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.18 Billion | +3.16% |
| 2023-12-31 | NT$2.12 Billion | +3.04% |
| 2022-12-31 | NT$2.05 Billion | +4.05% |
| 2021-12-31 | NT$1.97 Billion | +4.23% |
| 2020-12-31 | NT$1.89 Billion | +4.40% |
| 2019-12-31 | NT$1.81 Billion | +3.33% |
| 2018-12-31 | NT$1.76 Billion | -0.24% |
| 2017-12-31 | NT$1.76 Billion | +1.22% |
| 2016-12-31 | NT$1.74 Billion | -0.26% |
| 2015-12-31 | NT$1.74 Billion | -0.82% |
| 2014-12-31 | NT$1.76 Billion | +2.53% |
| 2013-12-31 | NT$1.71 Billion | +3.51% |
| 2012-12-31 | NT$1.66 Billion | +0.07% |
| 2011-12-31 | NT$1.66 Billion | +5.19% |
| 2010-12-31 | NT$1.57 Billion | +0.42% |
| 2009-12-31 | NT$1.57 Billion | +2.21% |
| 2008-12-31 | NT$1.53 Billion | +2.04% |
| 2007-12-31 | NT$1.50 Billion | +1.45% |
| 2006-12-31 | NT$1.48 Billion | -2.62% |
| 2005-12-31 | NT$1.52 Billion | -2.20% |
| 2004-12-31 | NT$1.56 Billion | -0.35% |
| 2003-12-31 | NT$1.56 Billion | +1.70% |
| 2002-12-31 | NT$1.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Syscom Computer Engineering Co'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 76510100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$765.10 Million | 35.21% |
| Common Stock | NT$1.00 Billion | 46.02% |
| Other Components | NT$407.64 Million | 18.76% |
| Total Equity | NT$2.17 Billion | 100.00% |
Syscom Computer Engineering Co Competitors by Market Cap
The table below lists competitors of Syscom Computer Engineering Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orthocell Ltd
AU:OCC
|
$99.69 Million |
|
Zhuhai Sailong Pharmaceutical Co Ltd
SHE:002898
|
$99.73 Million |
|
Shandong Molong Petroleum Machinery Company Limited
PINK:SHANY
|
$99.73 Million |
|
K.P. Energy Limited
NSE:KPEL
|
$99.75 Million |
|
MicroPort CardioFlow Medtech Corporation
PINK:MROPF
|
$99.66 Million |
|
X-Legend Entertainment Co Ltd
TW:4994
|
$99.66 Million |
|
icad inc
NASDAQ:ICAD
|
$99.64 Million |
|
Asia Paper
KO:002310
|
$99.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Syscom Computer Engineering Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,114,207,000 to 2,172,743,000, a change of 58,536,000 (2.8%).
- Net income of 306,397,000 contributed positively to equity growth.
- Dividend payments of 240,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 361,627,000.
- Other factors increased equity by 353,766,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$306.40 Million | +14.1% |
| Dividends Paid | NT$240.00 Million | -11.05% |
| Other Comprehensive Income | NT$-361.63 Million | -16.64% |
| Other Changes | NT$353.77 Million | +16.28% |
| Total Change | NT$- | 2.77% |
Book Value vs Market Value Analysis
This analysis compares Syscom Computer Engineering Co'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 3.60x 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 |
|---|---|---|---|
| 2004-12-31 | NT$15.45 | NT$55.70 | x |
| 2005-12-31 | NT$15.10 | NT$55.70 | x |
| 2006-12-31 | NT$14.67 | NT$55.70 | x |
| 2007-12-31 | NT$14.89 | NT$55.70 | x |
| 2008-12-31 | NT$15.18 | NT$55.70 | x |
| 2009-12-31 | NT$15.48 | NT$55.70 | x |
| 2010-12-31 | NT$15.53 | NT$55.70 | x |
| 2011-12-31 | NT$16.33 | NT$55.70 | x |
| 2012-12-31 | NT$16.33 | NT$55.70 | x |
| 2013-12-31 | NT$16.88 | NT$55.70 | x |
| 2014-12-31 | NT$17.30 | NT$55.70 | x |
| 2015-12-31 | NT$17.14 | NT$55.70 | x |
| 2016-12-31 | NT$17.14 | NT$55.70 | x |
| 2017-12-31 | NT$17.35 | NT$55.70 | x |
| 2018-12-31 | NT$17.28 | NT$55.70 | x |
| 2019-12-31 | NT$17.92 | NT$55.70 | x |
| 2020-12-31 | NT$18.74 | NT$55.70 | x |
| 2021-12-31 | NT$19.57 | NT$55.70 | x |
| 2022-12-31 | NT$20.41 | NT$55.70 | x |
| 2023-12-31 | NT$21.10 | NT$55.70 | x |
| 2024-12-31 | NT$21.68 | NT$55.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Syscom Computer Engineering Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.10%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.42%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 2.25x
- Recent ROE (14.10%) is above the historical average (5.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 1.88% | 1.17% | 1.10x | 1.46x | NT$-126.76 Million |
| 2004 | 1.65% | 1.05% | 1.08x | 1.47x | NT$-129.08 Million |
| 2005 | -1.16% | -0.74% | 1.02x | 1.54x | NT$-168.59 Million |
| 2006 | -3.85% | -2.76% | 0.90x | 1.56x | NT$-203.36 Million |
| 2007 | 1.20% | 0.70% | 1.12x | 1.53x | NT$-131.16 Million |
| 2008 | 1.53% | 0.82% | 1.11x | 1.68x | NT$-128.68 Million |
| 2009 | 2.35% | 1.15% | 1.16x | 1.76x | NT$-118.49 Million |
| 2010 | 3.78% | 1.52% | 1.51x | 1.64x | NT$-96.68 Million |
| 2011 | 3.93% | 1.52% | 1.42x | 1.81x | NT$-99.29 Million |
| 2012 | 4.46% | 1.38% | 1.64x | 1.97x | NT$-90.53 Million |
| 2013 | 5.61% | 1.95% | 1.46x | 1.98x | NT$-74.20 Million |
| 2014 | 5.61% | 2.10% | 1.33x | 2.01x | NT$-76.00 Million |
| 2015 | 3.81% | 1.68% | 1.18x | 1.93x | NT$-106.42 Million |
| 2016 | 3.87% | 1.70% | 1.20x | 1.89x | NT$-105.40 Million |
| 2017 | 5.23% | 1.90% | 1.33x | 2.08x | NT$-82.91 Million |
| 2018 | 3.63% | 1.33% | 1.42x | 1.93x | NT$-110.35 Million |
| 2019 | 7.18% | 2.18% | 1.37x | 2.40x | NT$-50.60 Million |
| 2020 | 9.03% | 2.95% | 1.34x | 2.28x | NT$-18.33 Million |
| 2021 | 10.99% | 3.68% | 1.39x | 2.16x | NT$19.41 Million |
| 2022 | 12.23% | 4.21% | 1.34x | 2.16x | NT$45.75 Million |
| 2023 | 13.16% | 4.36% | 1.32x | 2.29x | NT$66.87 Million |
| 2024 | 14.10% | 4.42% | 1.42x | 2.25x | NT$89.12 Million |
Industry Comparison
This section compares Syscom Computer Engineering Co's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $3,221,990,556
- Average return on equity (ROE) among peers: 11.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Syscom Computer Engineering Co (2453) | NT$2.14 Billion | 1.88% | 1.29x | $99.66 Million |
| Kwong Fong Industries Corp (1416) | $5.18 Billion | 4.34% | 0.46x | $51.52 Million |
| Fortune Information Systems Corp (2468) | $1.20 Billion | 5.30% | 0.80x | $42.41 Million |
| Jetwell Computer Co Ltd (3147) | $1.27 Billion | 22.59% | 1.36x | $118.85 Million |
| Wistron Information Technology & Services (4953) | $2.80 Billion | 19.80% | 0.63x | $177.78 Million |
| Sysage Technology Co Ltd (6112) | $2.24 Billion | 12.66% | 1.60x | $121.74 Million |
| Systex Corp (6214) | $13.81 Billion | 8.79% | 0.92x | $521.95 Million |
| Genesis Technology (6221) | $740.28 Million | 9.23% | 1.57x | $62.73 Million |
| International Integrated Systems, Inc. (6614) | $1.21 Billion | 10.21% | 2.16x | $34.40 Million |
| Information Technology Total Services Co. Ltd (6697) | $547.69 Million | 13.23% | 0.55x | $15.23 Million |