Min Aik Precision Industrial Co Ltd (4545) - Net Assets
Based on the latest financial reports, Min Aik Precision Industrial Co Ltd (4545) has net assets worth NT$1.93 Billion TWD (≈ $60.93 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$3.19 Billion ≈ $100.53 Million USD) and total liabilities (NT$1.26 Billion ≈ $39.60 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 Min Aik Precision Industrial Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.93 Billion |
| % of Total Assets | 60.61% |
| Annual Growth Rate | 3.81% |
| 5-Year Change | 10.95% |
| 10-Year Change | -4.44% |
| Growth Volatility | 17.22 |
Min Aik Precision Industrial Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Min Aik Precision Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Min Aik Precision Industrial Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Min Aik Precision Industrial Co Ltd (2011–2025)
The table below shows the annual net assets of Min Aik Precision Industrial Co Ltd from 2011 to 2025. For live valuation and market cap data, see Min Aik Precision Industrial Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.90 Billion ≈ $59.89 Million |
-5.32% |
| 2024-12-31 | NT$2.01 Billion ≈ $63.25 Million |
+7.76% |
| 2023-12-31 | NT$1.86 Billion ≈ $58.70 Million |
-1.85% |
| 2022-12-31 | NT$1.90 Billion ≈ $59.80 Million |
+10.79% |
| 2021-12-31 | NT$1.71 Billion ≈ $53.98 Million |
+0.71% |
| 2020-12-31 | NT$1.70 Billion ≈ $53.60 Million |
-0.66% |
| 2019-12-31 | NT$1.71 Billion ≈ $53.95 Million |
-0.97% |
| 2018-12-31 | NT$1.73 Billion ≈ $54.48 Million |
-5.34% |
| 2017-12-31 | NT$1.83 Billion ≈ $57.55 Million |
-8.17% |
| 2016-12-31 | NT$1.99 Billion ≈ $62.67 Million |
+27.79% |
| 2015-12-31 | NT$1.56 Billion ≈ $49.04 Million |
+16.51% |
| 2014-12-31 | NT$1.34 Billion ≈ $42.09 Million |
+35.35% |
| 2013-12-31 | NT$987.08 Million ≈ $31.10 Million |
+29.82% |
| 2012-12-31 | NT$760.35 Million ≈ $23.96 Million |
-32.45% |
| 2011-12-31 | NT$1.13 Billion ≈ $35.46 Million |
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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 decreased by 0.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$198.09 Million | 10.42% |
| Common Stock | NT$770.00 Million | 40.51% |
| Other Comprehensive Income | NT$340.24 Million | 17.90% |
| Other Components | NT$592.50 Million | 31.17% |
| Total Equity | NT$1.90 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 |
|---|---|
|
CeoTronics AG
F:CEK
|
$90.01 Million |
|
Qualicorp Consultoria e Corretora de Seguros S.A
SA:QUAL3
|
$90.03 Million |
|
SYNergy ScienTech Corp
TW:6558
|
$90.12 Million |
|
VenHub Global, Inc.
NASDAQ:VHUB
|
$90.16 Million |
|
Ko Ja Cayman Co Ltd
TW:5215
|
$90.00 Million |
|
Gongin Precision Industrial Co Ltd
TWO:3178
|
$89.99 Million |
|
Big River Industries Ltd
AU:BRI
|
$89.97 Million |
|
AUGUSTA GOLD DL-0001
F:7RZ
|
$89.95 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 2024 to 2025, total equity changed from 2,007,701,000 to 1,900,823,000, a change of -106,878,000 (-5.3%).
- Net income of 13,105,000 contributed positively to equity growth.
- Dividend payments of 127,050,000 reduced retained earnings.
- Other comprehensive income increased equity by 28,856,000.
- Other factors decreased equity by 21,789,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$13.11 Million | +0.69% |
| Dividends Paid | NT$127.05 Million | -6.68% |
| Other Comprehensive Income | NT$28.86 Million | +1.52% |
| Other Changes | NT$-21.79 Million | -1.15% |
| Total Change | NT$- | -5.32% |
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: 1.50x
- 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 1.67x to 1.50x 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$37.10 | x |
| 2012-12-31 | NT$14.79 | NT$37.10 | x |
| 2013-12-31 | NT$15.86 | NT$37.10 | x |
| 2014-12-31 | NT$19.56 | NT$37.10 | x |
| 2015-12-31 | NT$22.79 | NT$37.10 | x |
| 2016-12-31 | NT$25.67 | NT$37.10 | x |
| 2017-12-31 | NT$23.68 | NT$37.10 | x |
| 2018-12-31 | NT$22.46 | NT$37.10 | x |
| 2019-12-31 | NT$22.24 | NT$37.10 | x |
| 2020-12-31 | NT$22.06 | NT$37.10 | x |
| 2021-12-31 | NT$22.15 | NT$37.10 | x |
| 2022-12-31 | NT$24.47 | NT$37.10 | x |
| 2023-12-31 | NT$24.08 | NT$37.10 | x |
| 2024-12-31 | NT$25.93 | NT$37.10 | x |
| 2025-12-31 | NT$24.65 | NT$37.10 | 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): 0.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.55%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.64x
- Recent ROE (0.69%) is below the historical average (10.60%), 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$-18.00 Million |
| 2025 | 0.69% | 0.55% | 0.76x | 1.64x | NT$-176.98 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: $4,367,038,800
- Average return on equity (ROE) among peers: 11.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Min Aik Precision Industrial Co Ltd (4545) | NT$1.93 Billion | 14.82% | 0.65x | $90.00 Million |
| Lee Chi Enterprises Co Ltd (1517) | $3.41 Billion | 7.67% | 0.58x | $73.47 Million |
| China Metal Products Co Ltd (1532) | $3.84 Billion | 19.44% | 3.50x | $315.41 Million |
| Bin Chuan Enterprise Co Ltd (1569) | $3.24 Billion | 12.17% | 1.18x | $220.64 Million |
| China Fineblanking Technology Co Ltd (1586) | $1.44 Billion | 7.11% | 1.16x | $68.30 Million |
| Yeong Guan Energy Technology Group Co Ltd (1589) | $10.08 Billion | 10.00% | 0.49x | $26.73 Million |
| Solar Applied Materials Technology (1785) | $14.29 Billion | 13.32% | 1.19x | $2.69 Billion |
| Chia Yi Steel Co Ltd (2067) | $507.75 Million | -2.14% | 2.62x | $9.27 Million |
| CX Technology Corp (2415) | $1.13 Billion | 6.55% | 1.17x | $85.63 Million |
| Catcher Technology Co Ltd (2474) | $3.97 Billion | 24.73% | 0.75x | $3.49 Billion |
| Univacco Technology (3303) | $1.76 Billion | 11.89% | 0.69x | $177.70 Million |
About Min Aik Precision Industrial Co Ltd
Min Aik Precision Industrial Co., Ltd., together with its subsidiaries, engages in the electroplating processing and manufacturing of aluminum and copper products in Taiwan, Malaysia, Singapore, China, Thailand, Ireland, and internationally. It offers voice coil motor, disk clam, balance weight, insert plate, bobbin, stiffener, top cover, and pin; general steel stiffener, laminated sheet, tape an… Read more