Wistron Corp (3231) - Net Assets
Based on the latest financial reports, Wistron Corp (3231) has net assets worth NT$226.90 Billion TWD (≈ $7.15 Billion 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$960.47 Billion ≈ $30.26 Billion USD) and total liabilities (NT$733.57 Billion ≈ $23.11 Billion 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 Wistron Corp (3231) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$226.90 Billion |
| % of Total Assets | 23.62% |
| Annual Growth Rate | 11.72% |
| 5-Year Change | 122.56% |
| 10-Year Change | 169.85% |
| Growth Volatility | 17.63 |
Wistron Corp - Net Assets Trend (2002–2024)
This chart illustrates how Wistron Corp's net assets have evolved over time, based on quarterly financial data. Also explore 3231 total assets for the complete picture of this company's asset base.
Annual Net Assets for Wistron Corp (2002–2024)
The table below shows the annual net assets of Wistron Corp from 2002 to 2024. For live valuation and market cap data, see how much is Wistron Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$186.79 Billion ≈ $5.88 Billion |
+45.06% |
| 2023-12-31 | NT$128.76 Billion ≈ $4.06 Billion |
+8.52% |
| 2022-12-31 | NT$118.65 Billion ≈ $3.74 Billion |
+28.29% |
| 2021-12-31 | NT$92.48 Billion ≈ $2.91 Billion |
+10.20% |
| 2020-12-31 | NT$83.93 Billion ≈ $2.64 Billion |
+0.03% |
| 2019-12-31 | NT$83.90 Billion ≈ $2.64 Billion |
+14.10% |
| 2018-12-31 | NT$73.53 Billion ≈ $2.32 Billion |
+10.71% |
| 2017-12-31 | NT$66.42 Billion ≈ $2.09 Billion |
-2.28% |
| 2016-12-31 | NT$67.97 Billion ≈ $2.14 Billion |
-1.80% |
| 2015-12-31 | NT$69.22 Billion ≈ $2.18 Billion |
-1.47% |
| 2014-12-31 | NT$70.25 Billion ≈ $2.21 Billion |
+6.12% |
| 2013-12-31 | NT$66.20 Billion ≈ $2.09 Billion |
+6.77% |
| 2012-12-31 | NT$62.00 Billion ≈ $1.95 Billion |
+0.73% |
| 2011-12-31 | NT$61.55 Billion ≈ $1.94 Billion |
+8.23% |
| 2010-12-31 | NT$56.87 Billion ≈ $1.79 Billion |
+5.29% |
| 2009-12-31 | NT$54.01 Billion ≈ $1.70 Billion |
+42.96% |
| 2008-12-31 | NT$37.78 Billion ≈ $1.19 Billion |
+11.95% |
| 2007-12-31 | NT$33.75 Billion ≈ $1.06 Billion |
+17.07% |
| 2006-12-31 | NT$28.83 Billion ≈ $908.28 Million |
+14.37% |
| 2005-12-31 | NT$25.21 Billion ≈ $794.15 Million |
+66.08% |
| 2004-12-31 | NT$15.18 Billion ≈ $478.18 Million |
-11.42% |
| 2003-12-31 | NT$17.13 Billion ≈ $539.81 Million |
+5.16% |
| 2002-12-31 | NT$16.29 Billion ≈ $513.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wistron 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 2775.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$50.58 Billion | 38.09% |
| Common Stock | NT$28.96 Billion | 21.81% |
| Other Comprehensive Income | NT$4.69 Billion | 3.53% |
| Other Components | NT$48.55 Billion | 36.56% |
| Total Equity | NT$132.79 Billion | 100.00% |
Wistron Corp Competitors by Market Cap
The table below lists competitors of Wistron Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Host Hotels & Resorts Inc
NASDAQ:HST
|
$13.73 Billion |
|
ENKA Insaat ve Sanayi AS
IS:ENKAI
|
$13.74 Billion |
|
News Corporation
AU:NWSLV
|
$13.74 Billion |
|
SCB X Public Company Limited
BK:SCB
|
$13.75 Billion |
|
SK Telecom Co Ltd
KO:017670
|
$13.73 Billion |
|
SK Telecom Co Ltd ADR
NYSE:SKM
|
$13.71 Billion |
|
Union Bank of India
NSE:UNIONBANK
|
$13.70 Billion |
|
HDFC Life Insurance Company Limited
NSE:HDFCLIFE
|
$13.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wistron Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 104,224,111,000 to 132,787,456,000, a change of 28,563,345,000 (27.4%).
- Net income of 17,445,591,000 contributed positively to equity growth.
- Dividend payments of 7,461,546,000 reduced retained earnings.
- New share issuances of 813,645,000 increased equity.
- Other comprehensive income increased equity by 6,623,598,000.
- Other factors increased equity by 11,142,057,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$17.45 Billion | +13.14% |
| Dividends Paid | NT$7.46 Billion | -5.62% |
| Share Issuances | NT$813.64 Million | +0.61% |
| Other Comprehensive Income | NT$6.62 Billion | +4.99% |
| Other Changes | NT$11.14 Billion | +8.39% |
| Total Change | NT$- | 27.41% |
Book Value vs Market Value Analysis
This analysis compares Wistron 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: 3.00x
- 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 10.31x to 3.00x 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$13.29 | NT$137.00 | x |
| 2007-12-31 | NT$14.61 | NT$137.00 | x |
| 2008-12-31 | NT$18.61 | NT$137.00 | x |
| 2009-12-31 | NT$20.43 | NT$137.00 | x |
| 2010-12-31 | NT$21.32 | NT$137.00 | x |
| 2011-12-31 | NT$22.87 | NT$137.00 | x |
| 2012-12-31 | NT$21.56 | NT$137.00 | x |
| 2013-12-31 | NT$22.63 | NT$137.00 | x |
| 2014-12-31 | NT$25.52 | NT$137.00 | x |
| 2015-12-31 | NT$24.91 | NT$137.00 | x |
| 2016-12-31 | NT$25.01 | NT$137.00 | x |
| 2017-12-31 | NT$23.66 | NT$137.00 | x |
| 2018-12-31 | NT$22.83 | NT$137.00 | x |
| 2019-12-31 | NT$25.69 | NT$137.00 | x |
| 2020-12-31 | NT$24.97 | NT$137.00 | x |
| 2021-12-31 | NT$27.12 | NT$137.00 | x |
| 2022-12-31 | NT$33.13 | NT$137.00 | x |
| 2023-12-31 | NT$36.13 | NT$137.00 | x |
| 2024-12-31 | NT$45.59 | NT$137.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wistron 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): 13.14%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.66%
- • Asset Turnover: 1.78x
- • Equity Multiplier: 4.44x
- Recent ROE (13.14%) is above the historical average (12.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 10.74% | 2.12% | 2.13x | 2.38x | NT$117.59 Million |
| 2003 | 9.46% | 2.01% | 1.88x | 2.51x | NT$-91.14 Million |
| 2005 | 12.71% | 1.93% | 2.53x | 2.60x | NT$677.70 Million |
| 2006 | 18.54% | 2.41% | 3.00x | 2.56x | NT$2.45 Billion |
| 2007 | 20.18% | 2.30% | 2.64x | 3.32x | NT$3.33 Billion |
| 2008 | 18.65% | 1.55% | 3.19x | 3.78x | NT$3.19 Billion |
| 2009 | 17.21% | 1.67% | 3.04x | 3.39x | NT$3.83 Billion |
| 2010 | 21.15% | 1.96% | 2.83x | 3.83x | NT$6.34 Billion |
| 2011 | 14.73% | 1.38% | 2.59x | 4.13x | NT$2.91 Billion |
| 2012 | 10.75% | 1.01% | 2.41x | 4.40x | NT$467.18 Million |
| 2013 | 8.69% | 0.92% | 2.31x | 4.09x | NT$-867.35 Million |
| 2014 | 5.11% | 0.60% | 1.98x | 4.28x | NT$-3.43 Billion |
| 2015 | 1.94% | 0.21% | 2.15x | 4.23x | NT$-5.54 Billion |
| 2016 | 4.40% | 0.45% | 2.33x | 4.20x | NT$-3.76 Billion |
| 2017 | 5.97% | 0.46% | 2.56x | 5.02x | NT$-2.63 Billion |
| 2018 | 7.12% | 0.55% | 2.62x | 4.92x | NT$-1.99 Billion |
| 2019 | 13.15% | 1.11% | 2.55x | 4.65x | NT$2.33 Billion |
| 2020 | 18.04% | 1.53% | 1.97x | 5.99x | NT$5.75 Billion |
| 2021 | 18.90% | 1.71% | 1.73x | 6.38x | NT$6.94 Billion |
| 2022 | 19.73% | 1.93% | 2.27x | 4.49x | NT$9.38 Billion |
| 2023 | 11.01% | 1.32% | 1.92x | 4.34x | NT$1.05 Billion |
| 2024 | 13.14% | 1.66% | 1.78x | 4.44x | NT$4.17 Billion |
Industry Comparison
This section compares Wistron Corp's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $37,332,807,700
- Average return on equity (ROE) among peers: -1.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wistron Corp (3231) | NT$226.90 Billion | 10.74% | 3.23x | $13.73 Billion |
| Solytech Enterprise Corp (1471) | $1.00 Billion | -31.82% | 0.68x | $53.55 Million |
| Lite-On Technology Corp (2301) | $79.28 Billion | 11.88% | 1.66x | $11.87 Billion |
| Microtek International Inc (2305) | $2.23 Billion | -0.87% | 0.17x | $100.28 Million |
| Kinpo Electronics Inc (2312) | $14.67 Billion | 10.08% | 0.70x | $1.31 Billion |
| CMC Magnetics Corp (2323) | $33.57 Billion | -1.91% | 0.45x | $348.35 Million |
| Compal Electronics Inc (2324) | $115.99 Billion | 8.07% | 3.03x | $3.98 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.02 Billion | 0.42% | 1.12x | $360.88 Million |
| Ritek Corp (2349) | $9.39 Billion | -2.63% | 0.94x | $272.09 Million |
| Qisda Corp (2352) | $31.13 Billion | -5.81% | 2.57x | $975.88 Million |
| Acer Inc (2353) | $75.03 Billion | -3.88% | 2.02x | $2.61 Billion |
About Wistron Corp
Wistron Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of information technology products in the United States, Europe, China, and internationally. The company is involved in research, development, and testing of products and semi-furnished products, and its peripheral equipment, parts and components, including desktop and notebook computers, motherboard… Read more