Cosmo Electronics Corp
Cosmo Electronics Corporation engages in the manufacture and sale of relays and photocouplers worldwide. The company offers photo coupler, SSR-MOSFET output, reed relay, and solid state relay. Its products are used in power, security, industrial, consumer electronics, and automotive electronics product applications. The company was incorporated in 1981 and is headquartered in New Taipei City, Tai… Read more
Cosmo Electronics Corp (2466) - Net Assets
Latest net assets as of September 2025: NT$2.04 Billion TWD
Based on the latest financial reports, Cosmo Electronics Corp (2466) has net assets worth NT$2.04 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$4.27 Billion) and total liabilities (NT$2.23 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$2.04 Billion |
| % of Total Assets | 47.8% |
| Annual Growth Rate | 4.19% |
| 5-Year Change | 20.29% |
| 10-Year Change | 5.92% |
| Growth Volatility | 14.34 |
Cosmo Electronics Corp - Net Assets Trend (2002–2024)
This chart illustrates how Cosmo Electronics Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cosmo Electronics Corp (2002–2024)
The table below shows the annual net assets of Cosmo Electronics Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.97 Billion | +4.84% |
| 2023-12-31 | NT$1.88 Billion | -0.92% |
| 2022-12-31 | NT$1.90 Billion | +14.02% |
| 2021-12-31 | NT$1.67 Billion | +1.56% |
| 2020-12-31 | NT$1.64 Billion | -3.70% |
| 2019-12-31 | NT$1.70 Billion | +0.01% |
| 2018-12-31 | NT$1.70 Billion | -0.58% |
| 2017-12-31 | NT$1.71 Billion | -7.48% |
| 2016-12-31 | NT$1.85 Billion | -0.61% |
| 2015-12-31 | NT$1.86 Billion | +14.76% |
| 2014-12-31 | NT$1.62 Billion | +28.25% |
| 2013-12-31 | NT$1.27 Billion | -1.09% |
| 2012-12-31 | NT$1.28 Billion | -14.90% |
| 2011-12-31 | NT$1.50 Billion | -2.10% |
| 2010-12-31 | NT$1.54 Billion | -2.92% |
| 2009-12-31 | NT$1.58 Billion | +2.88% |
| 2008-12-31 | NT$1.54 Billion | -2.21% |
| 2007-12-31 | NT$1.57 Billion | +5.76% |
| 2006-12-31 | NT$1.49 Billion | +55.74% |
| 2005-12-31 | NT$954.91 Million | +1.74% |
| 2004-12-31 | NT$938.62 Million | +19.38% |
| 2003-12-31 | NT$786.25 Million | -1.70% |
| 2002-12-31 | NT$799.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cosmo Electronics 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 806.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$2.00 Billion | 101.23% |
| Total Equity | NT$1.97 Billion | 100.00% |
Cosmo Electronics Corp Competitors by Market Cap
The table below lists competitors of Cosmo Electronics Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KPS Corporation
KQ:256940
|
$82.07 Million |
|
United Bankers Oyj
HE:UNITED
|
$82.07 Million |
|
MORELD AS
OL:MORLD
|
$82.08 Million |
|
Malaga Financial Corporation
PINK:MLGF
|
$82.17 Million |
|
Pharmaniaga Bhd
KLSE:7081
|
$82.05 Million |
|
iClick Interactive Asia Group
NASDAQ:ICLK
|
$82.01 Million |
|
Saigon Telecommunication & Technologies Corp
VN:SGT
|
$82.01 Million |
|
Sandhar Technologies Limited
NSE:SANDHAR
|
$81.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cosmo Electronics Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,882,172,000 to 1,973,187,000, a change of 91,015,000 (4.8%).
- Net loss of 28,958,000 reduced equity.
- Other comprehensive income decreased equity by 34,698,000.
- Other factors increased equity by 154,671,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-28.96 Million | -1.47% |
| Other Comprehensive Income | NT$-34.70 Million | -1.76% |
| Other Changes | NT$154.67 Million | +7.84% |
| Total Change | NT$- | 4.84% |
Book Value vs Market Value Analysis
This analysis compares Cosmo Electronics 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: 4.10x
- 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 4.46x to 4.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$10.58 | NT$47.15 | x |
| 2010-12-31 | NT$10.28 | NT$47.15 | x |
| 2011-12-31 | NT$10.07 | NT$47.15 | x |
| 2012-12-31 | NT$8.57 | NT$47.15 | x |
| 2013-12-31 | NT$8.39 | NT$47.15 | x |
| 2014-12-31 | NT$10.90 | NT$47.15 | x |
| 2015-12-31 | NT$12.02 | NT$47.15 | x |
| 2016-12-31 | NT$10.79 | NT$47.15 | x |
| 2017-12-31 | NT$10.23 | NT$47.15 | x |
| 2018-12-31 | NT$10.17 | NT$47.15 | x |
| 2019-12-31 | NT$9.97 | NT$47.15 | x |
| 2020-12-31 | NT$9.60 | NT$47.15 | x |
| 2021-12-31 | NT$9.96 | NT$47.15 | x |
| 2022-12-31 | NT$10.40 | NT$47.15 | x |
| 2023-12-31 | NT$10.97 | NT$47.15 | x |
| 2024-12-31 | NT$11.51 | NT$47.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cosmo Electronics Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.62%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.19x
- Recent ROE (-1.47%) is below the historical average (0.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.42% | 0.50% | 0.48x | 1.75x | NT$-76.66 Million |
| 2004 | 4.52% | 4.86% | 0.71x | 1.32x | NT$-51.45 Million |
| 2005 | 4.57% | 4.83% | 0.77x | 1.23x | NT$-51.90 Million |
| 2006 | 3.87% | 5.19% | 0.48x | 1.56x | NT$-91.24 Million |
| 2007 | 9.19% | 6.87% | 0.78x | 1.72x | NT$-12.68 Million |
| 2009 | 4.30% | 2.94% | 0.73x | 2.00x | NT$-90.23 Million |
| 2010 | 3.23% | 2.08% | 0.71x | 2.19x | NT$-104.03 Million |
| 2011 | -5.99% | -5.11% | 0.53x | 2.19x | NT$-240.38 Million |
| 2012 | -13.84% | -9.42% | 0.61x | 2.41x | NT$-305.05 Million |
| 2013 | -1.74% | -1.62% | 0.45x | 2.40x | NT$-147.17 Million |
| 2014 | -7.47% | -9.45% | 0.38x | 2.09x | NT$-281.31 Million |
| 2015 | -4.25% | -6.75% | 0.35x | 1.79x | NT$-265.76 Million |
| 2016 | 0.34% | 0.30% | 0.58x | 1.96x | NT$-174.44 Million |
| 2017 | 0.09% | 0.07% | 0.54x | 2.34x | NT$-169.71 Million |
| 2018 | 0.21% | 0.13% | 0.66x | 2.33x | NT$-166.82 Million |
| 2019 | 1.62% | 1.20% | 0.55x | 2.46x | NT$-142.80 Million |
| 2020 | 0.39% | 0.51% | 0.31x | 2.48x | NT$-157.67 Million |
| 2021 | 3.30% | 4.09% | 0.34x | 2.39x | NT$-111.67 Million |
| 2022 | 5.84% | 7.97% | 0.32x | 2.30x | NT$-79.07 Million |
| 2023 | 1.60% | 2.86% | 0.24x | 2.30x | NT$-158.13 Million |
| 2024 | -1.47% | -2.62% | 0.26x | 2.19x | NT$-226.28 Million |
Industry Comparison
This section compares Cosmo Electronics Corp's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cosmo Electronics Corp (2466) | NT$2.04 Billion | 0.42% | 1.09x | $82.06 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |