Mirle Automation Corp (2464) - Net Assets

Latest as of September 2025: NT$4.95 Billion TWD ≈ $156.06 Million USD

Based on the latest financial reports, Mirle Automation Corp (2464) has net assets worth NT$4.95 Billion TWD (≈ $156.06 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$11.88 Billion ≈ $374.15 Million USD) and total liabilities (NT$6.92 Billion ≈ $218.09 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 2464 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	NT$4.95 Billion
% of Total Assets	41.71%
Annual Growth Rate	7.66%
5-Year Change	27.72%
10-Year Change	46.01%
Growth Volatility	12.86

Mirle Automation Corp - Net Assets Trend (2002–2024)

This chart illustrates how Mirle Automation Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Mirle Automation Corp's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Mirle Automation Corp (2002–2024)

The table below shows the annual net assets of Mirle Automation Corp from 2002 to 2024. For live valuation and market cap data, see Mirle Automation Corp market cap and net worth.

Year	Net Assets	Change
2024-12-31	NT$5.25 Billion ≈ $165.34 Million	+23.75%
2023-12-31	NT$4.24 Billion ≈ $133.61 Million	-2.38%
2022-12-31	NT$4.34 Billion ≈ $136.87 Million	+3.10%
2021-12-31	NT$4.21 Billion ≈ $132.76 Million	+2.55%
2020-12-31	NT$4.11 Billion ≈ $129.46 Million	+0.96%
2019-12-31	NT$4.07 Billion ≈ $128.23 Million	-1.08%
2018-12-31	NT$4.11 Billion ≈ $129.63 Million	+16.94%
2017-12-31	NT$3.52 Billion ≈ $110.85 Million	+0.11%
2016-12-31	NT$3.51 Billion ≈ $110.72 Million	-2.22%
2015-12-31	NT$3.59 Billion ≈ $113.24 Million	+8.03%
2014-12-31	NT$3.33 Billion ≈ $104.82 Million	+4.05%
2013-12-31	NT$3.20 Billion ≈ $100.74 Million	+2.85%
2012-12-31	NT$3.11 Billion ≈ $97.95 Million	-0.09%
2011-12-31	NT$3.11 Billion ≈ $98.04 Million	-0.61%
2010-12-31	NT$3.13 Billion ≈ $98.64 Million	+8.65%
2009-12-31	NT$2.88 Billion ≈ $90.79 Million	+3.32%
2008-12-31	NT$2.79 Billion ≈ $87.87 Million	-0.72%
2007-12-31	NT$2.81 Billion ≈ $88.50 Million	+14.18%
2006-12-31	NT$2.46 Billion ≈ $77.51 Million	+22.49%
2005-12-31	NT$2.01 Billion ≈ $63.28 Million	+55.80%
2004-12-31	NT$1.29 Billion ≈ $40.62 Million	+14.31%
2003-12-31	NT$1.13 Billion ≈ $35.53 Million	+9.10%
2002-12-31	NT$1.03 Billion ≈ $32.57 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Mirle Automation 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 grown by 400.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	NT$964.57 Million	18.61%
Common Stock	NT$2.05 Billion	39.46%
Other Comprehensive Income	NT$17.72 Million	0.34%
Other Components	NT$2.16 Billion	41.59%
Total Equity	NT$5.18 Billion	100.00%

Mirle Automation Corp Competitors by Market Cap

The table below lists competitors of Mirle Automation Corp ranked by their market capitalization.

Company	Market Cap
Amata Corporation Public Company Limited BK:AMATA	$738.40 Million
Wanma Technology Co Ltd SHE:300698	$738.85 Million
Huayi Brothers Media Corp SHE:300027	$738.92 Million
Hubei Chaozhuo Aviation Technology Co. Ltd. A SHG:688237	$739.23 Million
Heartland Express Inc NASDAQ:HTLD	$738.15 Million
Beijing Dataway Horizon Co. Ltd SHE:301169	$738.14 Million
Jiahe Foods Industry Co. Ltd. SHG:605300	$738.07 Million
Guangdong Eastone Century Technology Co Ltd SHE:300310	$737.96 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Mirle Automation Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 4,180,321,000 to 5,183,792,000, a change of 1,003,471,000 (24.0%).
Net income of 103,013,000 contributed positively to equity growth.
Dividend payments of 97,766,000 reduced retained earnings.
New share issuances of 567,000,000 increased equity.
Other comprehensive income decreased equity by 1,212,295,000.
Other factors increased equity by 1,643,519,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	NT$103.01 Million	+1.99%
Dividends Paid	NT$97.77 Million	-1.89%
Share Issuances	NT$567.00 Million	+10.94%
Other Comprehensive Income	NT$-1.21 Billion	-23.39%
Other Changes	NT$1.64 Billion	+31.7%
Total Change	NT$-	24.00%

Book Value vs Market Value Analysis

This analysis compares Mirle Automation 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: 4.32x
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 8.66x to 4.32x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	NT$13.11	NT$113.50	x
2007-12-31	NT$14.50	NT$113.50	x
2008-12-31	NT$14.08	NT$113.50	x
2009-12-31	NT$14.30	NT$113.50	x
2010-12-31	NT$15.48	NT$113.50	x
2011-12-31	NT$16.01	NT$113.50	x
2012-12-31	NT$15.88	NT$113.50	x
2013-12-31	NT$16.34	NT$113.50	x
2014-12-31	NT$17.00	NT$113.50	x
2015-12-31	NT$18.36	NT$113.50	x
2016-12-31	NT$17.96	NT$113.50	x
2017-12-31	NT$17.98	NT$113.50	x
2018-12-31	NT$21.01	NT$113.50	x
2019-12-31	NT$20.79	NT$113.50	x
2020-12-31	NT$20.94	NT$113.50	x
2021-12-31	NT$21.46	NT$113.50	x
2022-12-31	NT$22.09	NT$113.50	x
2023-12-31	NT$21.37	NT$113.50	x
2024-12-31	NT$26.25	NT$113.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mirle Automation 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): 1.99%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.37%
• Asset Turnover: 0.60x
• Equity Multiplier: 2.42x
Recent ROE (1.99%) is below the historical average (14.63%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	17.18%	8.50%	1.06x	1.90x	NT$74.23 Million
2003	13.58%	6.24%	0.92x	2.36x	NT$40.41 Million
2004	18.87%	6.74%	1.12x	2.50x	NT$114.31 Million
2005	22.21%	10.42%	1.22x	1.75x	NT$244.84 Million
2006	25.59%	12.39%	1.17x	1.76x	NT$382.79 Million
2007	25.60%	14.19%	1.06x	1.69x	NT$437.21 Million
2008	17.54%	10.08%	1.03x	1.69x	NT$209.74 Million
2009	12.44%	9.45%	0.73x	1.80x	NT$67.20 Million
2010	18.26%	8.79%	1.07x	1.94x	NT$248.53 Million
2011	11.61%	5.41%	1.09x	1.96x	NT$50.11 Million
2012	6.50%	3.47%	0.94x	2.00x	NT$-108.90 Million
2013	10.87%	5.27%	1.14x	1.81x	NT$27.86 Million
2014	11.45%	5.55%	1.07x	1.93x	NT$48.26 Million
2015	15.88%	6.86%	1.05x	2.20x	NT$211.17 Million
2016	13.93%	5.52%	0.93x	2.73x	NT$138.00 Million
2017	11.97%	3.40%	1.11x	3.16x	NT$69.15 Million
2018	23.18%	6.62%	1.16x	3.02x	NT$542.38 Million
2019	16.75%	5.45%	1.09x	2.82x	NT$274.67 Million
2020	12.52%	5.76%	0.79x	2.73x	NT$103.45 Million
2021	12.57%	5.35%	0.84x	2.80x	NT$107.86 Million
2022	11.90%	4.78%	0.82x	3.03x	NT$82.36 Million
2023	4.19%	1.99%	0.73x	2.88x	NT$-243.06 Million
2024	1.99%	1.37%	0.60x	2.42x	NT$-415.37 Million

Industry Comparison

This section compares Mirle Automation Corp's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $12,916,814,200
Average return on equity (ROE) among peers: 12.63%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mirle Automation Corp (2464)	NT$4.95 Billion	17.18%	1.40x	$738.24 Million
TECO Electric & Machinery Co Ltd (1504)	$86.44 Billion	6.74%	0.47x	$4.61 Billion
Chung-Hsin Electric & Machinery Mfg Corp (1513)	$7.69 Billion	7.44%	0.72x	$2.31 Billion
Anderson Industrial Corp (1528)	$2.50 Billion	-0.60%	1.23x	$173.61 Million
Awea Mechantronic Co Ltd (1530)	$880.43 Million	29.97%	1.25x	$78.83 Million
Kaulin Mfg (1531)	$3.65 Billion	4.70%	0.34x	$74.30 Million
Chiu Ting Machinery Co Ltd (1539)	$696.87 Million	12.97%	1.46x	$33.26 Million
Roundtop Machinery Industries Co Ltd (1540)	$1.20 Billion	23.81%	0.57x	$56.42 Million
Sinmag Equipment (1580)	$2.98 Billion	20.23%	0.34x	$191.20 Million
Goodway Machine Corp (1583)	$6.02 Billion	4.46%	1.17x	$160.62 Million
Airtac International Group (1590)	$17.11 Billion	16.60%	1.05x	$9.17 Billion

About Mirle Automation Corp

TW:2464 Taiwan Specialty Industrial Machinery

Market Cap

$738.24 Million

NT$23.43 Billion TWD

Market Cap Rank

#10557 Global

#341 in Taiwan

Share Price

NT$113.50

Change (1 day)

-0.87%

52-Week Range

NT$53.30 - NT$114.50

All Time High

NT$114.50