Min Aik Precision Industrial Co Ltd
Min Aik Precision Industrial Co., Ltd., engages in processes and manufactures electroplating of aluminum and copper products, precision stamping components, and electroless nickel plating products. The company offers precision stamping components, such as voice coil motor plates, disk clamps, balance weights, insert plates, bobbins, stiffeners, top covers, pins, etc. for use in hard disk drive ap… Read more
Min Aik Precision Industrial Co Ltd (4545) - Net Assets
Latest net assets as of September 2025: NT$1.85 Billion TWD
Based on the latest financial reports, Min Aik Precision Industrial Co Ltd (4545) has net assets worth NT$1.85 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$3.08 Billion) and total liabilities (NT$1.23 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$1.85 Billion |
| % of Total Assets | 60.11% |
| Annual Growth Rate | 4.55% |
| 5-Year Change | 18.02% |
| 10-Year Change | 28.98% |
| Growth Volatility | 17.61 |
Min Aik Precision Industrial Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Min Aik Precision Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Min Aik Precision Industrial Co Ltd (2011–2024)
The table below shows the annual net assets of Min Aik Precision Industrial Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.01 Billion | +7.76% |
| 2023-12-31 | NT$1.86 Billion | -1.85% |
| 2022-12-31 | NT$1.90 Billion | +10.79% |
| 2021-12-31 | NT$1.71 Billion | +0.71% |
| 2020-12-31 | NT$1.70 Billion | -0.66% |
| 2019-12-31 | NT$1.71 Billion | -0.97% |
| 2018-12-31 | NT$1.73 Billion | -5.34% |
| 2017-12-31 | NT$1.83 Billion | -8.17% |
| 2016-12-31 | NT$1.99 Billion | +27.79% |
| 2015-12-31 | NT$1.56 Billion | +16.51% |
| 2014-12-31 | NT$1.34 Billion | +35.35% |
| 2013-12-31 | NT$987.08 Million | +29.82% |
| 2012-12-31 | NT$760.35 Million | -32.45% |
| 2011-12-31 | NT$1.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Min Aik Precision 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 46.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$291.38 Million | 14.51% |
| Common Stock | NT$770.00 Million | 38.35% |
| Other Comprehensive Income | NT$311.38 Million | 15.51% |
| Other Components | NT$634.94 Million | 31.63% |
| Total Equity | NT$2.01 Billion | 100.00% |
Min Aik Precision Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Min Aik Precision Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pakka Limited
NSE:PAKKA
|
$21.81 Million |
|
Star Comgistic Capital Co Ltd
TW:4930
|
$21.82 Million |
|
VistaGen Therapeutics Inc
NASDAQ:VTGN
|
$21.83 Million |
|
Janover Inc. Common Stock
NASDAQ:JNVR
|
$21.83 Million |
|
Southern Steel Bhd
KLSE:5665
|
$21.81 Million |
|
Super Turtle PCL
BK:TURTLE
|
$21.81 Million |
|
Partner
TA:PTNR
|
$21.80 Million |
|
Bubang Co. Ltd
KQ:014470
|
$21.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Min Aik Precision Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,863,183,000 to 2,007,701,000, a change of 144,518,000 (7.8%).
- Net income of 182,775,000 contributed positively to equity growth.
- Dividend payments of 77,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,198,000.
- Other factors increased equity by 42,941,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$182.78 Million | +9.1% |
| Dividends Paid | NT$77.00 Million | -3.84% |
| Other Comprehensive Income | NT$-4.20 Million | -0.21% |
| Other Changes | NT$42.94 Million | +2.14% |
| Total Change | NT$- | 7.76% |
Book Value vs Market Value Analysis
This analysis compares Min Aik Precision 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: 1.23x
- 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 1.43x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | NT$22.22 | NT$31.85 | x |
| 2012-12-31 | NT$14.79 | NT$31.85 | x |
| 2013-12-31 | NT$15.86 | NT$31.85 | x |
| 2014-12-31 | NT$19.56 | NT$31.85 | x |
| 2015-12-31 | NT$22.79 | NT$31.85 | x |
| 2016-12-31 | NT$25.67 | NT$31.85 | x |
| 2017-12-31 | NT$23.68 | NT$31.85 | x |
| 2018-12-31 | NT$22.46 | NT$31.85 | x |
| 2019-12-31 | NT$22.24 | NT$31.85 | x |
| 2020-12-31 | NT$22.06 | NT$31.85 | x |
| 2021-12-31 | NT$22.15 | NT$31.85 | x |
| 2022-12-31 | NT$24.47 | NT$31.85 | x |
| 2023-12-31 | NT$24.08 | NT$31.85 | x |
| 2024-12-31 | NT$25.93 | NT$31.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Min Aik Precision 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): 9.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.63%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.62x
- Recent ROE (9.10%) is below the historical average (11.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 14.82% | 5.41% | 1.07x | 2.55x | NT$36.67 Million |
| 2013 | 24.13% | 10.06% | 1.09x | 2.19x | NT$139.50 Million |
| 2014 | 36.99% | 15.84% | 1.22x | 1.92x | NT$360.59 Million |
| 2015 | 32.85% | 15.39% | 1.20x | 1.77x | NT$355.72 Million |
| 2016 | 11.44% | 8.65% | 0.89x | 1.49x | NT$28.72 Million |
| 2017 | 0.90% | 0.67% | 0.88x | 1.53x | NT$-166.16 Million |
| 2018 | -3.28% | -2.74% | 0.66x | 1.83x | NT$-229.68 Million |
| 2019 | 0.83% | 0.79% | 0.61x | 1.72x | NT$-157.08 Million |
| 2020 | 1.76% | 1.56% | 0.61x | 1.84x | NT$-140.13 Million |
| 2021 | 5.21% | 4.12% | 0.70x | 1.80x | NT$-82.11 Million |
| 2022 | 8.53% | 7.11% | 0.69x | 1.73x | NT$-28.00 Million |
| 2023 | 4.46% | 4.00% | 0.68x | 1.64x | NT$-103.25 Million |
| 2024 | 9.10% | 7.63% | 0.74x | 1.62x | NT$-18.00 Million |
Industry Comparison
This section compares Min Aik Precision Industrial Co Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $3,188,127,500
- Average return on equity (ROE) among peers: 3.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Min Aik Precision Industrial Co Ltd (4545) | NT$1.85 Billion | 14.82% | 0.66x | $21.81 Million |
| Sun Rise E&T Corporation (1343) | $412.47 Million | 0.73% | 0.69x | $22.15 Million |
| Lee Chi Enterprises Co Ltd (1517) | $2.41 Billion | 6.15% | 0.28x | $48.28 Million |
| China Metal Products Co Ltd (1532) | $3.84 Billion | 19.44% | 3.50x | $161.98 Million |
| Bin Chuan Enterprise Co Ltd (1569) | $3.24 Billion | 12.17% | 1.18x | $144.71 Million |
| China Fineblanking Technology Co Ltd (1586) | $1.54 Billion | 2.80% | 1.77x | $49.06 Million |
| Yeong Guan Energy Technology Group Co Ltd (1589) | $2.60 Billion | 3.01% | 1.48x | $15.38 Million |
| Solar Applied Materials Technology (1785) | $12.99 Billion | 8.35% | 1.04x | $1.07 Billion |
| Chia Yi Steel Co Ltd (2067) | $296.62 Million | -41.63% | 5.31x | $4.93 Million |
| CX Technology Corp (2415) | $1.78 Billion | 10.39% | 1.04x | $47.22 Million |
| Catcher Technology Co Ltd (2474) | $2.77 Billion | 10.99% | 0.15x | $2.91 Billion |