Altek Corp (3059) - Net Assets
Based on the latest financial reports, Altek Corp (3059) has net assets worth NT$10.19 Billion TWD (≈ $321.09 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$16.51 Billion ≈ $520.23 Million USD) and total liabilities (NT$6.32 Billion ≈ $199.14 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 3059 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$10.19 Billion |
| % of Total Assets | 61.72% |
| Annual Growth Rate | 6.62% |
| 5-Year Change | 17.06% |
| 10-Year Change | 9.7% |
| Growth Volatility | 14.56 |
Altek Corp - Net Assets Trend (2002–2024)
This chart illustrates how Altek Corp's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Altek Corp for the complete picture of this company's asset base.
Annual Net Assets for Altek Corp (2002–2024)
The table below shows the annual net assets of Altek Corp from 2002 to 2024. For live valuation and market cap data, see Altek Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$10.56 Billion ≈ $332.80 Million |
+15.79% |
| 2023-12-31 | NT$9.12 Billion ≈ $287.42 Million |
-0.81% |
| 2022-12-31 | NT$9.20 Billion ≈ $289.75 Million |
-2.08% |
| 2021-12-31 | NT$9.39 Billion ≈ $295.91 Million |
+4.08% |
| 2020-12-31 | NT$9.02 Billion ≈ $284.30 Million |
-2.09% |
| 2019-12-31 | NT$9.22 Billion ≈ $290.38 Million |
-4.60% |
| 2018-12-31 | NT$9.66 Billion ≈ $304.39 Million |
+1.86% |
| 2017-12-31 | NT$9.49 Billion ≈ $298.84 Million |
+5.01% |
| 2016-12-31 | NT$9.03 Billion ≈ $284.59 Million |
-6.19% |
| 2015-12-31 | NT$9.63 Billion ≈ $303.36 Million |
-0.53% |
| 2014-12-31 | NT$9.68 Billion ≈ $304.98 Million |
-2.22% |
| 2013-12-31 | NT$9.90 Billion ≈ $311.90 Million |
-2.65% |
| 2012-12-31 | NT$10.17 Billion ≈ $320.40 Million |
-6.02% |
| 2011-12-31 | NT$10.82 Billion ≈ $340.93 Million |
-0.68% |
| 2010-12-31 | NT$10.90 Billion ≈ $343.26 Million |
-3.80% |
| 2009-12-31 | NT$11.33 Billion ≈ $356.83 Million |
+18.31% |
| 2008-12-31 | NT$9.57 Billion ≈ $301.62 Million |
+12.78% |
| 2007-12-31 | NT$8.49 Billion ≈ $267.45 Million |
+23.68% |
| 2006-12-31 | NT$6.86 Billion ≈ $216.24 Million |
+46.65% |
| 2005-12-31 | NT$4.68 Billion ≈ $147.45 Million |
+41.43% |
| 2004-12-31 | NT$3.31 Billion ≈ $104.26 Million |
+4.92% |
| 2003-12-31 | NT$3.15 Billion ≈ $99.37 Million |
+22.46% |
| 2002-12-31 | NT$2.58 Billion ≈ $81.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Altek 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 306.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.58 Billion | 25.55% |
| Common Stock | NT$3.06 Billion | 30.28% |
| Other Comprehensive Income | NT$1.99 Billion | 19.68% |
| Other Components | NT$2.47 Billion | 24.48% |
| Total Equity | NT$10.10 Billion | 100.00% |
Altek Corp Competitors by Market Cap
The table below lists competitors of Altek Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Jiaoda Signal Technology
SHE:300851
|
$390.28 Million |
|
Mercurity Fintech Holding Inc ADR
NASDAQ:MFH
|
$390.29 Million |
|
Shin Poong Pharm.Co.Ltd.
KO:019170
|
$390.33 Million |
|
ASTON MART.LA.UADR LS-001
F:A5S0
|
$390.66 Million |
|
Shenyang Huitian Thermal Power Co Ltd
SHE:000692
|
$389.85 Million |
|
Gravity Co. Ltd
F:GD8A
|
$389.69 Million |
|
Hunan Investment Group Co Ltd
SHE:000548
|
$389.36 Million |
|
Blend Labs Inc
NYSE:BLND
|
$389.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altek Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,756,981,000 to 10,097,958,000, a change of 1,340,977,000 (15.3%).
- Net income of 318,005,000 contributed positively to equity growth.
- Dividend payments of 193,697,000 reduced retained earnings.
- New share issuances of 719,154,000 increased equity.
- Other comprehensive income increased equity by 611,997,000.
- Other factors decreased equity by 114,482,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$318.00 Million | +3.15% |
| Dividends Paid | NT$193.70 Million | -1.92% |
| Share Issuances | NT$719.15 Million | +7.12% |
| Other Comprehensive Income | NT$612.00 Million | +6.06% |
| Other Changes | NT$-114.48 Million | -1.13% |
| Total Change | NT$- | 15.31% |
Book Value vs Market Value Analysis
This analysis compares Altek 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: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.62x to 1.12x 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$24.86 | NT$40.30 | x |
| 2007-12-31 | NT$29.37 | NT$40.30 | x |
| 2008-12-31 | NT$32.19 | NT$40.30 | x |
| 2009-12-31 | NT$41.66 | NT$40.30 | x |
| 2010-12-31 | NT$39.92 | NT$40.30 | x |
| 2011-12-31 | NT$39.92 | NT$40.30 | x |
| 2012-12-31 | NT$38.35 | NT$40.30 | x |
| 2013-12-31 | NT$26.30 | NT$40.30 | x |
| 2014-12-31 | NT$27.87 | NT$40.30 | x |
| 2015-12-31 | NT$35.27 | NT$40.30 | x |
| 2016-12-31 | NT$33.27 | NT$40.30 | x |
| 2017-12-31 | NT$32.94 | NT$40.30 | x |
| 2018-12-31 | NT$32.88 | NT$40.30 | x |
| 2019-12-31 | NT$31.44 | NT$40.30 | x |
| 2020-12-31 | NT$30.80 | NT$40.30 | x |
| 2021-12-31 | NT$31.77 | NT$40.30 | x |
| 2022-12-31 | NT$31.94 | NT$40.30 | x |
| 2023-12-31 | NT$31.36 | NT$40.30 | x |
| 2024-12-31 | NT$36.03 | NT$40.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altek 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): 3.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.42%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.67x
- Recent ROE (3.15%) is below the historical average (9.54%), 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 | 23.44% | 8.39% | 1.49x | 1.88x | NT$346.16 Million |
| 2003 | 23.37% | 6.02% | 1.62x | 2.40x | NT$421.78 Million |
| 2004 | 13.14% | 5.02% | 1.44x | 1.81x | NT$103.87 Million |
| 2005 | 31.06% | 8.39% | 1.77x | 2.09x | NT$975.02 Million |
| 2006 | 30.73% | 10.01% | 1.53x | 2.01x | NT$1.41 Billion |
| 2007 | 20.94% | 7.18% | 1.20x | 2.43x | NT$908.17 Million |
| 2008 | 19.20% | 6.54% | 1.54x | 1.90x | NT$880.19 Million |
| 2009 | 19.47% | 8.70% | 1.21x | 1.85x | NT$1.07 Billion |
| 2010 | 12.19% | 4.28% | 1.57x | 1.81x | NT$238.16 Million |
| 2011 | 1.77% | 0.69% | 1.47x | 1.76x | NT$-890.30 Million |
| 2012 | 2.76% | 1.14% | 1.50x | 1.61x | NT$-735.85 Million |
| 2013 | -3.36% | -1.73% | 1.22x | 1.59x | NT$-1.32 Billion |
| 2014 | 2.85% | 1.78% | 0.97x | 1.64x | NT$-692.03 Million |
| 2015 | 2.87% | 2.19% | 0.81x | 1.62x | NT$-678.83 Million |
| 2016 | 0.60% | 0.46% | 0.76x | 1.71x | NT$-837.27 Million |
| 2017 | 0.15% | 0.13% | 0.70x | 1.70x | NT$-872.16 Million |
| 2018 | 1.45% | 1.17% | 0.69x | 1.81x | NT$-768.06 Million |
| 2019 | -0.04% | -0.06% | 0.44x | 1.63x | NT$-868.21 Million |
| 2020 | 1.89% | 2.63% | 0.41x | 1.74x | NT$-686.41 Million |
| 2021 | 2.61% | 2.47% | 0.56x | 1.90x | NT$-635.42 Million |
| 2022 | 5.15% | 3.26% | 0.86x | 1.83x | NT$-429.56 Million |
| 2023 | 4.01% | 3.86% | 0.57x | 1.81x | NT$-524.71 Million |
| 2024 | 3.15% | 4.42% | 0.43x | 1.67x | NT$-691.79 Million |
Industry Comparison
This section compares Altek Corp's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $3,115,136,111
- Average return on equity (ROE) among peers: 10.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altek Corp (3059) | NT$10.19 Billion | 23.44% | 0.62x | $389.97 Million |
| Chroma ATE Inc (2360) | $6.48 Billion | 23.72% | 0.53x | $28.29 Billion |
| Good Will Instrument Co Ltd (2423) | $2.43 Billion | 11.91% | 0.44x | $262.76 Million |
| Test Research Inc (3030) | $8.28 Billion | 22.18% | 0.22x | $2.55 Billion |
| RoyalTek Co Ltd (3306) | $1.51 Billion | 1.18% | 0.18x | $73.98 Million |
| Globalsat Worldcom (3499) | $620.88 Million | 1.30% | 0.65x | $26.84 Million |
| Materials Analysis Technology (3587) | $2.72 Billion | 9.04% | 0.57x | $700.15 Million |
| FineTek Co Ltd (4549) | $1.70 Billion | 19.06% | 0.33x | $178.69 Million |
| Sysgration Ltd (5309) | $3.29 Billion | 3.53% | 0.55x | $383.52 Million |
| Kingwaytek Technology Co Ltd (6516) | $996.40 Million | 4.62% | 0.13x | $106.96 Million |
About Altek Corp
Altek Corporation, together with its subsidiaries, engages in the development, manufacture, and sale of automobile cameras, and medical and digital image technology application products. The company manufactures, produces, and sells digital still cameras and related accessories, digital camera parts, electronic product components, photo electron devices, and optical instruments; buys and sells el… Read more