Meiloon Industrial Co Ltd (2477) - Net Assets
Based on the latest financial reports, Meiloon Industrial Co Ltd (2477) has net assets worth NT$4.42 Billion TWD (≈ $139.27 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$8.54 Billion ≈ $269.18 Million USD) and total liabilities (NT$4.12 Billion ≈ $129.91 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 how tangible is Meiloon Industrial Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.42 Billion |
| % of Total Assets | 51.74% |
| Annual Growth Rate | 2.38% |
| 5-Year Change | -2.05% |
| 10-Year Change | 23.66% |
| Growth Volatility | 14.93 |
Meiloon Industrial Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Meiloon Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. See Meiloon Industrial Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Meiloon Industrial Co Ltd (2002–2025)
The table below shows the annual net assets of Meiloon Industrial Co Ltd from 2002 to 2025. For live valuation and market cap data, see Meiloon Industrial Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.53 Billion ≈ $142.78 Million |
-3.93% |
| 2024-12-31 | NT$4.72 Billion ≈ $148.62 Million |
+10.00% |
| 2023-12-31 | NT$4.29 Billion ≈ $135.10 Million |
-2.17% |
| 2022-12-31 | NT$4.38 Billion ≈ $138.10 Million |
-5.26% |
| 2021-12-31 | NT$4.63 Billion ≈ $145.77 Million |
+38.23% |
| 2020-12-31 | NT$3.35 Billion ≈ $105.46 Million |
-5.77% |
| 2019-12-31 | NT$3.55 Billion ≈ $111.92 Million |
+5.33% |
| 2018-12-31 | NT$3.37 Billion ≈ $106.26 Million |
-2.69% |
| 2017-12-31 | NT$3.47 Billion ≈ $109.20 Million |
-5.42% |
| 2016-12-31 | NT$3.66 Billion ≈ $115.46 Million |
-0.64% |
| 2015-12-31 | NT$3.69 Billion ≈ $116.20 Million |
+1.03% |
| 2014-12-31 | NT$3.65 Billion ≈ $115.02 Million |
-23.98% |
| 2013-12-31 | NT$4.80 Billion ≈ $151.31 Million |
+47.31% |
| 2012-12-31 | NT$3.26 Billion ≈ $102.72 Million |
-4.25% |
| 2011-12-31 | NT$3.41 Billion ≈ $107.28 Million |
-9.01% |
| 2010-12-31 | NT$3.74 Billion ≈ $117.89 Million |
+0.35% |
| 2009-12-31 | NT$3.73 Billion ≈ $117.49 Million |
-2.73% |
| 2008-12-31 | NT$3.83 Billion ≈ $120.79 Million |
-7.54% |
| 2007-12-31 | NT$4.15 Billion ≈ $130.64 Million |
+2.58% |
| 2006-12-31 | NT$4.04 Billion ≈ $127.36 Million |
+3.57% |
| 2005-12-31 | NT$3.90 Billion ≈ $122.97 Million |
+9.04% |
| 2004-12-31 | NT$3.58 Billion ≈ $112.77 Million |
+11.52% |
| 2003-12-31 | NT$3.21 Billion ≈ $101.12 Million |
+21.61% |
| 2002-12-31 | NT$2.64 Billion ≈ $83.15 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Meiloon Industrial Co Ltd'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 94.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.72 Billion | 40.96% |
| Common Stock | NT$1.59 Billion | 37.78% |
| Other Comprehensive Income | NT$888.15 Million | 21.16% |
| Other Components | NT$3.94 Million | 0.09% |
| Total Equity | NT$4.20 Billion | 100.00% |
Meiloon Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Meiloon Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Affluent Medical SAS
PA:AFME
|
$110.43 Million |
|
FCR Immobilien AG
XETRA:FC9
|
$110.55 Million |
|
Celxpert Energy
TWO:3323
|
$110.55 Million |
|
Synergy Innovation Co. Ltd
KQ:048870
|
$110.70 Million |
|
Lee Ku Ind
KO:025820
|
$110.37 Million |
|
Lotus Resources Ltd
AU:LOT
|
$110.36 Million |
|
AS HARJU ELEKTER EO 063
F:HD8
|
$110.33 Million |
|
Clarus Corp
NASDAQ:CLAR
|
$110.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Meiloon Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,373,034,000 to 4,196,971,999, a change of -176,062,001 (-4.0%).
- Net income of 266,688,000 contributed positively to equity growth.
- Dividend payments of 206,145,000 reduced retained earnings.
- Other comprehensive income increased equity by 888,146,000.
- Other factors decreased equity by 1,124,751,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$266.69 Million | +6.35% |
| Dividends Paid | NT$206.15 Million | -4.91% |
| Other Comprehensive Income | NT$888.15 Million | +21.16% |
| Other Changes | NT$-1.12 Billion | -26.8% |
| Total Change | NT$- | -4.03% |
Book Value vs Market Value Analysis
This analysis compares Meiloon Industrial Co Ltd'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: 0.80x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.37x to 0.80x 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$16.09 | NT$22.10 | x |
| 2005-12-31 | NT$17.45 | NT$22.10 | x |
| 2006-12-31 | NT$18.16 | NT$22.10 | x |
| 2007-12-31 | NT$20.72 | NT$22.10 | x |
| 2008-12-31 | NT$19.06 | NT$22.10 | x |
| 2009-12-31 | NT$18.53 | NT$22.10 | x |
| 2010-12-31 | NT$18.51 | NT$22.10 | x |
| 2011-12-31 | NT$15.48 | NT$22.10 | x |
| 2012-12-31 | NT$15.10 | NT$22.10 | x |
| 2013-12-31 | NT$21.58 | NT$22.10 | x |
| 2014-12-31 | NT$17.43 | NT$22.10 | x |
| 2015-12-31 | NT$17.43 | NT$22.10 | x |
| 2016-12-31 | NT$17.32 | NT$22.10 | x |
| 2017-12-31 | NT$17.73 | NT$22.10 | x |
| 2018-12-31 | NT$19.34 | NT$22.10 | x |
| 2019-12-31 | NT$20.39 | NT$22.10 | x |
| 2020-12-31 | NT$19.20 | NT$22.10 | x |
| 2021-12-31 | NT$27.06 | NT$22.10 | x |
| 2022-12-31 | NT$21.82 | NT$22.10 | x |
| 2023-12-31 | NT$24.89 | NT$22.10 | x |
| 2024-12-31 | NT$27.54 | NT$22.10 | x |
| 2025-12-31 | NT$27.73 | NT$22.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Meiloon Industrial Co Ltd 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): 6.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.67%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.98x
- Recent ROE (6.35%) is below the historical average (9.52%), 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 | 24.21% | 13.82% | 1.11x | 1.57x | NT$374.91 Million |
| 2003 | 26.14% | 17.95% | 0.88x | 1.66x | NT$518.08 Million |
| 2004 | 13.49% | 8.32% | 0.89x | 1.83x | NT$108.70 Million |
| 2005 | 8.23% | 4.93% | 0.92x | 1.81x | NT$-59.89 Million |
| 2006 | 7.65% | 4.59% | 0.96x | 1.74x | NT$-82.49 Million |
| 2007 | 16.14% | 8.86% | 1.17x | 1.56x | NT$246.01 Million |
| 2008 | -0.89% | -0.64% | 0.87x | 1.58x | NT$-401.28 Million |
| 2009 | 0.98% | 0.92% | 0.72x | 1.47x | NT$-323.40 Million |
| 2010 | 7.41% | 5.55% | 0.89x | 1.51x | NT$-92.68 Million |
| 2011 | -9.44% | -6.46% | 0.91x | 1.61x | NT$-632.65 Million |
| 2012 | 5.53% | 3.23% | 1.02x | 1.69x | NT$-139.06 Million |
| 2013 | 26.38% | 16.89% | 0.95x | 1.64x | NT$679.61 Million |
| 2014 | -5.42% | -4.81% | 0.65x | 1.73x | NT$-513.55 Million |
| 2015 | 8.68% | 6.92% | 0.74x | 1.70x | NT$-44.11 Million |
| 2016 | 10.70% | 9.62% | 0.67x | 1.65x | NT$23.17 Million |
| 2017 | 11.25% | 9.85% | 0.64x | 1.77x | NT$39.38 Million |
| 2018 | 5.56% | 4.96% | 0.61x | 1.83x | NT$-136.58 Million |
| 2019 | 12.94% | 10.85% | 0.61x | 1.95x | NT$95.37 Million |
| 2020 | 6.00% | 6.00% | 0.31x | 3.20x | NT$-121.99 Million |
| 2021 | 37.92% | 43.53% | 0.42x | 2.09x | NT$1.21 Billion |
| 2022 | 2.30% | 2.67% | 0.43x | 1.99x | NT$-311.97 Million |
| 2023 | 0.95% | 1.60% | 0.30x | 1.96x | NT$-357.45 Million |
| 2024 | 5.44% | 9.01% | 0.32x | 1.90x | NT$-199.36 Million |
| 2025 | 6.35% | 10.67% | 0.30x | 1.98x | NT$-153.01 Million |
Industry Comparison
This section compares Meiloon Industrial Co Ltd's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $6,947,847,222
- Average return on equity (ROE) among peers: 4.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Meiloon Industrial Co Ltd (2477) | NT$4.42 Billion | 24.21% | 0.93x | $110.41 Million |
| Lung Hwa Electronics Co Ltd (2424) | $789.96 Million | 0.00% | 0.57x | $19.79 Million |
| Merry Electronics Co Ltd (2439) | $13.00 Billion | 19.61% | 0.98x | $742.32 Million |
| Taiwan Line Tek Electronic Co Ltd (2462) | $798.53 Million | 14.29% | 0.77x | $119.48 Million |
| Hanpin Electron Co Ltd (2488) | $1.67 Billion | 6.42% | 0.40x | $136.10 Million |
| Amtran Technology Co Ltd (2489) | $13.54 Billion | 5.85% | 0.59x | $934.01 Million |
| HTC Corp (2498) | $25.56 Billion | -13.35% | 0.82x | $1.24 Billion |
| Action Electronics Co Ltd (3024) | $3.04 Billion | 6.05% | 0.53x | $109.15 Million |
| Global View Co Ltd (3040) | $1.35 Billion | 0.00% | 0.60x | $72.12 Million |
| U-Tech Media Corp (3050) | $2.79 Billion | 0.00% | 0.42x | $63.23 Million |
About Meiloon Industrial Co Ltd
Meiloon Industrial Co., Ltd. designs and manufactures speakers in Taiwan, Europe, the United States, Asia, and internationally. It offers home theater systems, subwoofers, sound bars and ATV; HUB speaker; wireless and portable speakers; in-wall and in-celling speakers; car and marine speakers; out door speakers; education speakers; and studio monitor speakers, as well as line arrays. The company … Read more