MiTAC Holdings Corp
MiTAC Holdings Corporation, together with its subsidiaries, designs, develops, manufactures, and distributes computers and ancillary equipment, and communication related products in Taiwan, Europe, the United States, and internationally. The company offers cloud computing and artificial intelligence products, such as AI Server, HPC server, storage server, cloud computing solution, and open comput… Read more
MiTAC Holdings Corp (3706) - Net Assets
Latest net assets as of September 2025: NT$69.40 Billion TWD
Based on the latest financial reports, MiTAC Holdings Corp (3706) has net assets worth NT$69.40 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$113.53 Billion) and total liabilities (NT$44.14 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$69.40 Billion |
| % of Total Assets | 61.12% |
| Annual Growth Rate | 4.43% |
| 5-Year Change | 41.45% |
| 10-Year Change | 80.26% |
| Growth Volatility | 8.23 |
MiTAC Holdings Corp - Net Assets Trend (2006–2024)
This chart illustrates how MiTAC Holdings 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 MiTAC Holdings Corp (2006–2024)
The table below shows the annual net assets of MiTAC Holdings Corp from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$60.49 Billion | -1.53% |
| 2023-12-31 | NT$61.43 Billion | +1.21% |
| 2022-12-31 | NT$60.69 Billion | +15.37% |
| 2021-12-31 | NT$52.61 Billion | +23.02% |
| 2020-12-31 | NT$42.76 Billion | +8.11% |
| 2019-12-31 | NT$39.55 Billion | +4.63% |
| 2018-12-31 | NT$37.80 Billion | +8.79% |
| 2017-12-31 | NT$34.75 Billion | +0.67% |
| 2016-12-31 | NT$34.52 Billion | +2.87% |
| 2015-12-31 | NT$33.55 Billion | +4.36% |
| 2014-12-31 | NT$32.15 Billion | +5.23% |
| 2013-12-31 | NT$30.55 Billion | +2.57% |
| 2012-12-31 | NT$29.79 Billion | -1.07% |
| 2011-12-31 | NT$30.11 Billion | +1.96% |
| 2010-12-31 | NT$29.53 Billion | -6.56% |
| 2009-12-31 | NT$31.60 Billion | +1.54% |
| 2008-12-31 | NT$31.13 Billion | -8.35% |
| 2007-12-31 | NT$33.96 Billion | +22.54% |
| 2006-12-31 | NT$27.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MiTAC Holdings 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 96.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$21.63 Billion | 36.01% |
| Common Stock | NT$12.07 Billion | 20.08% |
| Other Comprehensive Income | NT$3.94 Billion | 6.55% |
| Other Components | NT$22.44 Billion | 37.35% |
| Total Equity | NT$60.07 Billion | 100.00% |
MiTAC Holdings Corp Competitors by Market Cap
The table below lists competitors of MiTAC Holdings Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ascentage Pharma Group International
NASDAQ:AAPG
|
$2.25 Billion |
|
Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd
SHG:600863
|
$2.25 Billion |
|
TISCO Financial Group Public Company Limited
BK:TISCO
|
$2.25 Billion |
|
Lineage, Inc. Common Stock
NASDAQ:LINE
|
$2.25 Billion |
|
Zai Lab Ltd
NASDAQ:ZLAB
|
$2.24 Billion |
|
COFCO Tunhe Sugar Co Ltd
SHG:600737
|
$2.24 Billion |
|
TRIPLE FLAG PREC.MET.
F:3Y0
|
$2.24 Billion |
|
Smart REIT
PINK:CWYUF
|
$2.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MiTAC Holdings Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 61,324,949,000 to 60,073,098,000, a change of -1,251,851,000 (-2.0%).
- Net income of 3,958,649,000 contributed positively to equity growth.
- Dividend payments of 1,580,469,000 reduced retained earnings.
- New share issuances of 52,251,000 increased equity.
- Other comprehensive income increased equity by 626,447,000.
- Other factors decreased equity by 4,308,729,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.96 Billion | +6.59% |
| Dividends Paid | NT$1.58 Billion | -2.63% |
| Share Issuances | NT$52.25 Million | +0.09% |
| Other Comprehensive Income | NT$626.45 Million | +1.04% |
| Other Changes | NT$-4.31 Billion | -7.17% |
| Total Change | NT$- | -2.04% |
Book Value vs Market Value Analysis
This analysis compares MiTAC Holdings 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: 1.83x
- 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 7.48x to 1.83x 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$11.06 | NT$82.70 | x |
| 2007-12-31 | NT$12.88 | NT$82.70 | x |
| 2008-12-31 | NT$11.69 | NT$82.70 | x |
| 2009-12-31 | NT$12.23 | NT$82.70 | x |
| 2010-12-31 | NT$11.60 | NT$82.70 | x |
| 2011-12-31 | NT$11.81 | NT$82.70 | x |
| 2012-12-31 | NT$11.91 | NT$82.70 | x |
| 2013-12-31 | NT$24.00 | NT$82.70 | x |
| 2014-12-31 | NT$25.42 | NT$82.70 | x |
| 2015-12-31 | NT$26.08 | NT$82.70 | x |
| 2016-12-31 | NT$26.63 | NT$82.70 | x |
| 2017-12-31 | NT$26.63 | NT$82.70 | x |
| 2018-12-31 | NT$28.95 | NT$82.70 | x |
| 2019-12-31 | NT$30.20 | NT$82.70 | x |
| 2020-12-31 | NT$32.53 | NT$82.70 | x |
| 2021-12-31 | NT$39.97 | NT$82.70 | x |
| 2022-12-31 | NT$46.03 | NT$82.70 | x |
| 2023-12-31 | NT$46.38 | NT$82.70 | x |
| 2024-12-31 | NT$45.26 | NT$82.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MiTAC Holdings 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): 6.59%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.45%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.91x
- Recent ROE (6.59%) is below the historical average (7.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 19.42% | 6.50% | 1.43x | 2.09x | NT$2.61 Billion |
| 2007 | 16.63% | 6.88% | 1.32x | 1.83x | NT$2.25 Billion |
| 2008 | 1.48% | 0.71% | 1.23x | 1.69x | NT$-2.65 Billion |
| 2009 | 0.91% | 0.46% | 1.18x | 1.70x | NT$-2.87 Billion |
| 2010 | -2.79% | -1.47% | 1.08x | 1.75x | NT$-3.78 Billion |
| 2011 | 0.84% | 0.55% | 0.90x | 1.71x | NT$-2.76 Billion |
| 2012 | 1.98% | 1.33% | 1.03x | 1.46x | NT$-2.39 Billion |
| 2013 | 1.87% | 4.80% | 0.27x | 1.44x | NT$-2.48 Billion |
| 2014 | 2.37% | 1.81% | 0.87x | 1.50x | NT$-2.45 Billion |
| 2015 | 5.23% | 3.50% | 1.11x | 1.35x | NT$-1.60 Billion |
| 2016 | 7.88% | 5.62% | 0.97x | 1.45x | NT$-733.07 Million |
| 2017 | 7.43% | 5.29% | 1.03x | 1.36x | NT$-893.85 Million |
| 2018 | 8.72% | 10.72% | 0.64x | 1.27x | NT$-484.08 Million |
| 2019 | 7.14% | 7.86% | 0.65x | 1.40x | NT$-1.13 Billion |
| 2020 | 6.83% | 7.09% | 0.72x | 1.34x | NT$-1.35 Billion |
| 2021 | 22.76% | 28.35% | 0.55x | 1.45x | NT$6.71 Billion |
| 2022 | 15.33% | 19.43% | 0.56x | 1.41x | NT$3.23 Billion |
| 2023 | 2.91% | 5.02% | 0.40x | 1.45x | NT$-4.35 Billion |
| 2024 | 6.59% | 6.45% | 0.53x | 1.91x | NT$-2.05 Billion |
Industry Comparison
This section compares MiTAC Holdings Corp's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $43,365,135,900
- Average return on equity (ROE) among peers: 2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MiTAC Holdings Corp (3706) | NT$69.40 Billion | 19.42% | 0.64x | $2.25 Billion |
| Solytech Enterprise Corp (1471) | $1.73 Billion | 0.00% | 1.00x | $49.10 Million |
| Lite-On Technology Corp (2301) | $74.58 Billion | 5.93% | 1.28x | $9.62 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $18.55 Million |
| Kinpo Electronics Inc (2312) | $25.86 Billion | 0.85% | 3.17x | $896.54 Million |
| CMC Magnetics Corp (2323) | $37.52 Billion | 11.36% | 0.54x | $302.78 Million |
| Compal Electronics Inc (2324) | $112.28 Billion | 7.24% | 2.09x | $3.88 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.76 Billion | 1.89% | 0.86x | $204.97 Million |
| Ritek Corp (2349) | $11.17 Billion | -23.02% | 0.88x | $261.22 Million |
| Qisda Corp (2352) | $47.28 Billion | 0.00% | 2.52x | $839.54 Million |
| Asustek Computer Inc (2357) | $109.25 Billion | 16.75% | 1.03x | $11.74 Billion |