Khgears International Limited
Khgears International Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of gears and gearboxes in Asia, the United States, and Europe. The company offers mid-mounted motors, industrial robot transmissions, quality control products, power tool gears, electric bicycles, sewing machines, precision reducers, harmonic reducer series, pneumatic tools, … Read more
Khgears International Limited (4571) - Net Assets
Latest net assets as of September 2025: NT$2.89 Billion TWD
Based on the latest financial reports, Khgears International Limited (4571) has net assets worth NT$2.89 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$3.66 Billion) and total liabilities (NT$771.60 Million). 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$2.89 Billion |
| % of Total Assets | 78.93% |
| Annual Growth Rate | 17.12% |
| 5-Year Change | 62.48% |
| 10-Year Change | N/A |
| Growth Volatility | 15.91 |
Khgears International Limited - Net Assets Trend (2016–2024)
This chart illustrates how Khgears International Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Khgears International Limited (2016–2024)
The table below shows the annual net assets of Khgears International Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.92 Billion | +11.69% |
| 2023-12-31 | NT$2.61 Billion | +0.27% |
| 2022-12-31 | NT$2.60 Billion | +7.12% |
| 2021-12-31 | NT$2.43 Billion | +35.44% |
| 2020-12-31 | NT$1.79 Billion | +7.90% |
| 2019-12-31 | NT$1.66 Billion | +49.82% |
| 2018-12-31 | NT$1.11 Billion | +24.41% |
| 2017-12-31 | NT$892.35 Million | +8.35% |
| 2016-12-31 | NT$823.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Khgears International Limited'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 1817.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.07 Billion | 36.75% |
| Common Stock | NT$530.17 Million | 18.18% |
| Other Comprehensive Income | NT$263.55 Million | 9.04% |
| Other Components | NT$1.05 Billion | 36.03% |
| Total Equity | NT$2.92 Billion | 100.00% |
Khgears International Limited Competitors by Market Cap
The table below lists competitors of Khgears International Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TNG Limited
PINK:TNGZF
|
$109.76 Million |
|
ALTEO ENERG.NYIL M.UF125
F:54O
|
$109.76 Million |
|
CanAlaska Uranium Ltd
OTCQX:CVVUF
|
$109.79 Million |
|
Ever Fortune.AI Co. Ltd.
TWO:6841
|
$109.81 Million |
|
Shenzhen Breo Technology Co. Ltd. A
SHG:688793
|
$109.75 Million |
|
Tanvex BioPharma Inc
TW:6541
|
$109.75 Million |
|
Nippon Coke & Engineering Company Limited
F:NJ2
|
$109.74 Million |
|
Parker Drilling Company
PINK:PKDC
|
$109.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Khgears International Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,611,011,000 to 2,916,217,000, a change of 305,206,000 (11.7%).
- Net income of 476,674,000 contributed positively to equity growth.
- Dividend payments of 160,326,000 reduced retained earnings.
- Share repurchases of 94,420,000 reduced equity.
- Other comprehensive income increased equity by 140,753,999.
- Other factors decreased equity by 57,475,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$476.67 Million | +16.35% |
| Dividends Paid | NT$160.33 Million | -5.5% |
| Share Repurchases | NT$94.42 Million | -3.24% |
| Other Comprehensive Income | NT$140.75 Million | +4.83% |
| Other Changes | NT$-57.48 Million | -1.97% |
| Total Change | NT$- | 11.69% |
Book Value vs Market Value Analysis
This analysis compares Khgears International Limited'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: 2.95x
- 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 8.27x to 2.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$20.07 | NT$166.00 | x |
| 2017-12-31 | NT$21.87 | NT$166.00 | x |
| 2018-12-31 | NT$26.04 | NT$166.00 | x |
| 2019-12-31 | NT$37.12 | NT$166.00 | x |
| 2020-12-31 | NT$36.80 | NT$166.00 | x |
| 2021-12-31 | NT$49.54 | NT$166.00 | x |
| 2022-12-31 | NT$48.41 | NT$166.00 | x |
| 2023-12-31 | NT$48.67 | NT$166.00 | x |
| 2024-12-31 | NT$56.19 | NT$166.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Khgears International Limited 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): 16.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.57%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.33x
- Recent ROE (16.35%) is above the historical average (15.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 15.80% | 13.06% | 0.85x | 1.42x | NT$47.73 Million |
| 2017 | 19.02% | 14.22% | 0.83x | 1.62x | NT$80.53 Million |
| 2018 | 19.40% | 13.75% | 0.91x | 1.55x | NT$104.32 Million |
| 2019 | 13.28% | 13.92% | 0.72x | 1.33x | NT$54.50 Million |
| 2020 | 15.90% | 13.82% | 0.79x | 1.46x | NT$105.92 Million |
| 2021 | 16.20% | 14.38% | 0.83x | 1.36x | NT$150.61 Million |
| 2022 | 13.48% | 14.37% | 0.67x | 1.40x | NT$90.65 Million |
| 2023 | 10.49% | 11.66% | 0.67x | 1.34x | NT$12.80 Million |
| 2024 | 16.35% | 15.57% | 0.79x | 1.33x | NT$185.05 Million |
Industry Comparison
This section compares Khgears International Limited's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $3,358,399,900
- Average return on equity (ROE) among peers: -5.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Khgears International Limited (4571) | NT$2.89 Billion | 15.80% | 0.27x | $109.75 Million |
| Basso Industry Corp (1527) | $2.55 Billion | 3.94% | 2.62x | $112.33 Million |
| Jenn Feng New Energy Co Ltd (1538) | $144.80 Million | -102.01% | 5.38x | $5.02 Million |
| Chang Type Industrial Co Ltd (1541) | $1.77 Billion | 16.92% | 1.94x | $25.59 Million |
| Kinik Co (1560) | $3.80 Billion | 15.35% | 0.35x | $1.50 Billion |
| De Poan Pneumatic (1570) | $912.19 Million | 11.85% | 0.15x | $31.57 Million |
| Inmax Holding Co Ltd (1591) | $426.92 Million | -11.57% | 0.15x | $43.37 Million |
| Tycoons Group Enterprise Co Ltd (2022) | $5.72 Billion | -25.62% | 1.15x | $64.99 Million |
| Hiwin Technologies Corp (2049) | $16.60 Billion | 16.49% | 1.26x | $1.93 Billion |
| Sheh Kai Precision Co Ltd (2063) | $628.80 Million | 9.85% | 1.04x | $22.72 Million |
| Sheh Fung Screws Co Ltd (2065) | $1.03 Billion | 13.48% | 0.89x | $39.04 Million |