Leadtek Research Inc
Leadtek Research Inc. engages in design, manufacturing, and trading of communication devices, computers, communications, telecommunications, and peripheral equipment in Taiwan, Mainland China, and internationally. It operates through two segments: Computer Product Department and Smart Healthcare Department. The company offers virtual desktop systems, including zero and thin client series products… Read more
Leadtek Research Inc (2465) - Net Assets
Latest net assets as of September 2025: NT$580.49 Million TWD
Based on the latest financial reports, Leadtek Research Inc (2465) has net assets worth NT$580.49 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$1.53 Billion) and total liabilities (NT$945.02 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$580.49 Million |
| % of Total Assets | 38.05% |
| Annual Growth Rate | -5.41% |
| 5-Year Change | 84.39% |
| 10-Year Change | -13.81% |
| Growth Volatility | 41.59 |
Leadtek Research Inc - Net Assets Trend (2002–2024)
This chart illustrates how Leadtek Research Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Leadtek Research Inc (2002–2024)
The table below shows the annual net assets of Leadtek Research Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$584.18 Million | -42.15% |
| 2023-12-31 | NT$1.01 Billion | +98.35% |
| 2022-12-31 | NT$509.11 Million | -32.34% |
| 2021-12-31 | NT$752.41 Million | +137.49% |
| 2020-12-31 | NT$316.81 Million | +10.80% |
| 2019-12-31 | NT$285.92 Million | -5.15% |
| 2018-12-31 | NT$301.45 Million | -23.13% |
| 2017-12-31 | NT$392.16 Million | -19.14% |
| 2016-12-31 | NT$485.01 Million | -28.45% |
| 2015-12-31 | NT$677.82 Million | +11.39% |
| 2014-12-31 | NT$608.49 Million | -17.15% |
| 2013-12-31 | NT$734.46 Million | -12.14% |
| 2012-12-31 | NT$835.93 Million | -13.08% |
| 2011-12-31 | NT$961.72 Million | -3.84% |
| 2010-12-31 | NT$1.00 Billion | +8.61% |
| 2009-12-31 | NT$920.81 Million | -27.81% |
| 2008-12-31 | NT$1.28 Billion | -20.88% |
| 2007-12-31 | NT$1.61 Billion | +10.92% |
| 2006-12-31 | NT$1.45 Billion | -29.06% |
| 2005-12-31 | NT$2.05 Billion | -10.38% |
| 2004-12-31 | NT$2.29 Billion | +37.84% |
| 2003-12-31 | NT$1.66 Billion | -16.44% |
| 2002-12-31 | NT$1.99 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Leadtek Research Inc'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 445.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$839.46 Million | 143.70% |
| Other Comprehensive Income | NT$2.60 Million | 0.44% |
| Other Components | NT$187.19 Million | 32.04% |
| Total Equity | NT$584.16 Million | 100.00% |
Leadtek Research Inc Competitors by Market Cap
The table below lists competitors of Leadtek Research Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Japan Cash Machine Co. Ltd
F:JCM
|
$104.14 Million |
|
Shiyan Taixiang Industry Co. Ltd. A
SHE:301192
|
$104.16 Million |
|
SB Financial Group Inc
NASDAQ:SBFG
|
$104.23 Million |
|
Hi-Clearance
TWO:1788
|
$104.25 Million |
|
H.G. Infra Engineering Limited
NSE:HGINFRA
|
$104.11 Million |
|
Ceigall India
NSE:CEIGALL
|
$104.10 Million |
|
Wellcall Holdings Bhd
KLSE:7231
|
$104.05 Million |
|
Fiducian Group Ltd
AU:FID
|
$104.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Leadtek Research Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,011,087,000 to 584,156,000, a change of -426,931,000 (-42.2%).
- Net loss of 441,211,000 reduced equity.
- Other comprehensive income increased equity by 18,163,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-441.21 Million | -75.53% |
| Other Comprehensive Income | NT$18.16 Million | +3.11% |
| Other Changes | NT$-3.88 Million | -0.66% |
| Total Change | NT$- | -42.22% |
Book Value vs Market Value Analysis
This analysis compares Leadtek Research Inc'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: 8.33x
- 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 3.71x to 8.33x 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$15.62 | NT$58.00 | x |
| 2010-12-31 | NT$16.95 | NT$58.00 | x |
| 2011-12-31 | NT$16.27 | NT$58.00 | x |
| 2012-12-31 | NT$14.17 | NT$58.00 | x |
| 2013-12-31 | NT$12.35 | NT$58.00 | x |
| 2014-12-31 | NT$10.13 | NT$58.00 | x |
| 2015-12-31 | NT$11.17 | NT$58.00 | x |
| 2016-12-31 | NT$7.84 | NT$58.00 | x |
| 2017-12-31 | NT$6.78 | NT$58.00 | x |
| 2018-12-31 | NT$5.70 | NT$58.00 | x |
| 2019-12-31 | NT$5.30 | NT$58.00 | x |
| 2020-12-31 | NT$5.38 | NT$58.00 | x |
| 2021-12-31 | NT$12.76 | NT$58.00 | x |
| 2022-12-31 | NT$8.65 | NT$58.00 | x |
| 2023-12-31 | NT$16.02 | NT$58.00 | x |
| 2024-12-31 | NT$6.96 | NT$58.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leadtek Research Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -75.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.27%
- • Asset Turnover: 1.45x
- • Equity Multiplier: 5.08x
- Recent ROE (-75.53%) is below the historical average (-11.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.05% | 1.67% | 1.72x | 1.76x | NT$-98.28 Million |
| 2004 | 8.66% | 2.23% | 1.59x | 2.44x | NT$-30.59 Million |
| 2007 | 5.99% | 1.64% | 2.49x | 1.47x | NT$-64.65 Million |
| 2009 | -40.28% | -14.41% | 1.64x | 1.70x | NT$-462.95 Million |
| 2010 | 7.93% | 2.78% | 1.96x | 1.46x | NT$-20.70 Million |
| 2011 | -4.74% | -1.85% | 1.73x | 1.49x | NT$-141.51 Million |
| 2012 | -14.79% | -5.45% | 1.72x | 1.58x | NT$-207.24 Million |
| 2013 | -13.69% | -4.96% | 1.40x | 1.96x | NT$-172.56 Million |
| 2014 | -22.61% | -6.35% | 1.35x | 2.65x | NT$-194.88 Million |
| 2015 | 7.90% | 2.10% | 1.58x | 2.38x | NT$-13.80 Million |
| 2016 | -45.05% | -7.53% | 1.81x | 3.30x | NT$-254.38 Million |
| 2017 | -14.53% | -1.97% | 2.18x | 3.38x | NT$-98.05 Million |
| 2018 | -17.92% | -1.81% | 2.64x | 3.75x | NT$-93.75 Million |
| 2019 | -7.89% | -0.68% | 2.67x | 4.37x | NT$-55.84 Million |
| 2020 | 8.44% | 0.59% | 2.73x | 5.26x | NT$-4.96 Million |
| 2021 | 57.76% | 4.93% | 4.38x | 2.67x | NT$359.90 Million |
| 2022 | -38.36% | -3.68% | 2.62x | 3.98x | NT$-246.72 Million |
| 2023 | -15.80% | -3.74% | 1.64x | 2.58x | NT$-260.84 Million |
| 2024 | -75.53% | -10.27% | 1.45x | 5.08x | NT$-499.63 Million |
Industry Comparison
This section compares Leadtek Research Inc's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $43,365,135,900
- Average return on equity (ROE) among peers: 2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leadtek Research Inc (2465) | NT$580.49 Million | 5.05% | 1.63x | $104.11 Million |
| Solytech Enterprise Corp (1471) | $1.73 Billion | 0.00% | 1.00x | $49.10 Million |
| Lite-On Technology Corp (2301) | $74.58 Billion | 5.93% | 1.28x | $9.62 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $18.55 Million |
| Kinpo Electronics Inc (2312) | $25.86 Billion | 0.85% | 3.17x | $896.54 Million |
| CMC Magnetics Corp (2323) | $37.52 Billion | 11.36% | 0.54x | $302.78 Million |
| Compal Electronics Inc (2324) | $112.28 Billion | 7.24% | 2.09x | $3.88 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.76 Billion | 1.89% | 0.86x | $204.97 Million |
| Ritek Corp (2349) | $11.17 Billion | -23.02% | 0.88x | $261.22 Million |
| Qisda Corp (2352) | $47.28 Billion | 0.00% | 2.52x | $839.54 Million |
| Asustek Computer Inc (2357) | $109.25 Billion | 16.75% | 1.03x | $11.74 Billion |