Leadtek Research Inc (2465) - Net Assets
Based on the latest financial reports, Leadtek Research Inc (2465) has net assets worth NT$1.20 Billion TWD (≈ $37.95 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.90 Billion ≈ $59.93 Million USD) and total liabilities (NT$697.72 Million ≈ $21.98 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 2465 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.20 Billion |
| % of Total Assets | 63.32% |
| Annual Growth Rate | -2.59% |
| 5-Year Change | 44.42% |
| 10-Year Change | 124.04% |
| Growth Volatility | 44.25 |
Leadtek Research Inc - Net Assets Trend (2002–2025)
This chart illustrates how Leadtek Research Inc's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Leadtek Research Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Leadtek Research Inc (2002–2025)
The table below shows the annual net assets of Leadtek Research Inc from 2002 to 2025. For live valuation and market cap data, see 2465 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.09 Billion ≈ $34.23 Million |
+86.00% |
| 2024-12-31 | NT$584.18 Million ≈ $18.40 Million |
-42.15% |
| 2023-12-31 | NT$1.01 Billion ≈ $31.81 Million |
+98.35% |
| 2022-12-31 | NT$509.11 Million ≈ $16.04 Million |
-32.34% |
| 2021-12-31 | NT$752.41 Million ≈ $23.71 Million |
+137.49% |
| 2020-12-31 | NT$316.81 Million ≈ $9.98 Million |
+10.80% |
| 2019-12-31 | NT$285.92 Million ≈ $9.01 Million |
-5.15% |
| 2018-12-31 | NT$301.45 Million ≈ $9.50 Million |
-23.13% |
| 2017-12-31 | NT$392.16 Million ≈ $12.36 Million |
-19.14% |
| 2016-12-31 | NT$485.01 Million ≈ $15.28 Million |
-28.45% |
| 2015-12-31 | NT$677.82 Million ≈ $21.35 Million |
+11.39% |
| 2014-12-31 | NT$608.49 Million ≈ $19.17 Million |
-17.15% |
| 2013-12-31 | NT$734.46 Million ≈ $23.14 Million |
-12.14% |
| 2012-12-31 | NT$835.93 Million ≈ $26.34 Million |
-13.08% |
| 2011-12-31 | NT$961.72 Million ≈ $30.30 Million |
-3.84% |
| 2010-12-31 | NT$1.00 Billion ≈ $31.51 Million |
+8.61% |
| 2009-12-31 | NT$920.81 Million ≈ $29.01 Million |
-27.81% |
| 2008-12-31 | NT$1.28 Billion ≈ $40.19 Million |
-20.88% |
| 2007-12-31 | NT$1.61 Billion ≈ $50.79 Million |
+10.92% |
| 2006-12-31 | NT$1.45 Billion ≈ $45.80 Million |
-29.06% |
| 2005-12-31 | NT$2.05 Billion ≈ $64.56 Million |
-10.38% |
| 2004-12-31 | NT$2.29 Billion ≈ $72.03 Million |
+37.84% |
| 2003-12-31 | NT$1.66 Billion ≈ $52.26 Million |
-16.44% |
| 2002-12-31 | NT$1.99 Billion ≈ $62.54 Million |
-- |
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 269.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$939.46 Million | 86.46% |
| Other Comprehensive Income | NT$9.10 Million | 0.84% |
| Other Components | NT$356.48 Million | 32.81% |
| Total Equity | NT$1.09 Billion | 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 |
|---|---|
|
Illumination Acquisition Corp I Class A Ordinary Shares
NASDAQ:ILLU
|
$234.12 Million |
|
Ever Ohms Technology Co. Ltd.
TW:6834
|
$234.14 Million |
|
Pizza Pizza Royalty Corp.
TO:PZA
|
$234.18 Million |
|
Digimarc Corporation
NASDAQ:DMRC
|
$234.21 Million |
|
Lanna Resources Public Company Limited
BK:LANNA
|
$234.00 Million |
|
Nam Kim Steel JSC
VN:NKG
|
$233.82 Million |
|
Beijing Bohui Science & Technology Co Ltd
SHG:688004
|
$233.80 Million |
|
H+H International A/S
CO:HH
|
$233.79 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 2024 to 2025, total equity changed from 584,156,000 to 1,086,602,000, a change of 502,446,000 (86.0%).
- Net income of 36,453,000 contributed positively to equity growth.
- New share issuances of 450,000,000 increased equity.
- Other comprehensive income increased equity by 6,499,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$36.45 Million | +3.35% |
| Share Issuances | NT$450.00 Million | +41.41% |
| Other Comprehensive Income | NT$6.50 Million | +0.6% |
| Other Changes | NT$9.49 Million | +0.87% |
| Total Change | NT$- | 86.01% |
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: 6.21x
- 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 5.06x to 6.21x 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$79.10 | x |
| 2010-12-31 | NT$16.95 | NT$79.10 | x |
| 2011-12-31 | NT$16.27 | NT$79.10 | x |
| 2012-12-31 | NT$14.17 | NT$79.10 | x |
| 2013-12-31 | NT$12.35 | NT$79.10 | x |
| 2014-12-31 | NT$10.13 | NT$79.10 | x |
| 2015-12-31 | NT$11.17 | NT$79.10 | x |
| 2016-12-31 | NT$7.84 | NT$79.10 | x |
| 2017-12-31 | NT$6.78 | NT$79.10 | x |
| 2018-12-31 | NT$5.70 | NT$79.10 | x |
| 2019-12-31 | NT$5.30 | NT$79.10 | x |
| 2020-12-31 | NT$5.38 | NT$79.10 | x |
| 2021-12-31 | NT$12.76 | NT$79.10 | x |
| 2022-12-31 | NT$8.65 | NT$79.10 | x |
| 2023-12-31 | NT$16.02 | NT$79.10 | x |
| 2024-12-31 | NT$6.96 | NT$79.10 | x |
| 2025-12-31 | NT$12.74 | NT$79.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leadtek Research Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.82%
- • Asset Turnover: 2.96x
- • Equity Multiplier: 1.38x
- Recent ROE (3.35%) is above the historical average (-10.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.05% | 1.67% | 1.72x | 1.76x | NT$-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 |
| 2025 | 3.35% | 0.82% | 2.96x | 1.38x | NT$-72.21 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: $34,396,175,000
- Average return on equity (ROE) among peers: 0.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leadtek Research Inc (2465) | NT$1.20 Billion | 5.05% | 0.58x | $234.12 Million |
| Solytech Enterprise Corp (1471) | $2.85 Billion | -4.49% | 0.49x | $50.71 Million |
| Lite-On Technology Corp (2301) | $74.14 Billion | 13.51% | 1.37x | $14.87 Billion |
| Microtek International Inc (2305) | $2.12 Billion | 12.16% | 0.47x | $193.84 Million |
| Kinpo Electronics Inc (2312) | $19.76 Billion | 0.15% | 0.97x | $1.65 Billion |
| CMC Magnetics Corp (2323) | $29.89 Billion | -11.83% | 0.40x | $374.09 Million |
| Compal Electronics Inc (2324) | $77.40 Billion | 11.31% | 1.58x | $5.13 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $10.51 Billion | 0.68% | 1.30x | $368.79 Million |
| Ritek Corp (2349) | $20.17 Billion | -10.72% | 0.53x | $289.57 Million |
| Qisda Corp (2352) | $31.37 Billion | 6.91% | 2.20x | $1.50 Billion |
| Acer Inc (2353) | $75.75 Billion | -8.72% | 2.28x | $3.56 Billion |
About Leadtek Research Inc
Leadtek Research Inc. engages in design, manufacturing, and trading of communication devices, computers, communications, telecommunications, and peripheral equipment in the United States, Hong Kong, South Korea, Taiwan, Mainland China, and internationally. It operates through two segments: Computer Product Department and Smart Healthcare Department. The company provides virtual desktop systems, i… Read more