Khgears International Limited (4571) - Net Assets

Latest as of September 2025: NT$2.89 Billion TWD ≈ $91.06 Million USD

Based on the latest financial reports, Khgears International Limited (4571) has net assets worth NT$2.89 Billion TWD (≈ $91.06 Million 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$3.66 Billion ≈ $115.37 Million USD) and total liabilities (NT$771.60 Million ≈ $24.31 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 4571 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

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. See Khgears International Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see Khgears International Limited market capitalisation.

Year	Net Assets	Change
2024-12-31	NT$2.92 Billion ≈ $91.88 Million	+11.69%
2023-12-31	NT$2.61 Billion ≈ $82.26 Million	+0.27%
2022-12-31	NT$2.60 Billion ≈ $82.04 Million	+7.12%
2021-12-31	NT$2.43 Billion ≈ $76.58 Million	+35.44%
2020-12-31	NT$1.79 Billion ≈ $56.55 Million	+7.90%
2019-12-31	NT$1.66 Billion ≈ $52.40 Million	+49.82%
2018-12-31	NT$1.11 Billion ≈ $34.98 Million	+24.41%
2017-12-31	NT$892.35 Million ≈ $28.11 Million	+8.35%
2016-12-31	NT$823.57 Million ≈ $25.95 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
Pum-Tech Korea Co. Ltd KQ:251970	$278.95 Million
Grupo Ecoener S.A. MC:ENER	$278.96 Million
Stove Kraft Limited NSE:STOVEKRAFT	$278.99 Million
Compagnie d Entreprises CFE SA BR:CFEB	$279.02 Million
TOYO Co., Ltd Ordinary Shares NASDAQ:TOYO	$278.77 Million
Te Chang Construction Co Ltd TWO:5511	$278.77 Million
Ready Capital Corp NYSE:RC	$278.73 Million
Forcecon Technology Co Ltd TWO:3483	$278.64 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: 3.03x
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 8.50x to 3.03x 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$170.50	x
2017-12-31	NT$21.87	NT$170.50	x
2018-12-31	NT$26.04	NT$170.50	x
2019-12-31	NT$37.12	NT$170.50	x
2020-12-31	NT$36.80	NT$170.50	x
2021-12-31	NT$49.54	NT$170.50	x
2022-12-31	NT$48.41	NT$170.50	x
2023-12-31	NT$48.67	NT$170.50	x
2024-12-31	NT$56.19	NT$170.50	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: $5,323,823,400
Average return on equity (ROE) among peers: 7.33%

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	$278.90 Million
Basso Industry Corp (1527)	$3.61 Billion	17.17%	1.79x	$146.91 Million
Jenn Feng New Energy Co Ltd (1538)	$138.93 Million	-36.99%	0.85x	$11.91 Million
Chang Type Industrial Co Ltd (1541)	$1.01 Billion	17.02%	0.26x	$55.11 Million
Kinik Co (1560)	$3.65 Billion	12.50%	0.26x	$3.43 Billion
De Poan Pneumatic (1570)	$866.22 Million	15.53%	0.23x	$65.23 Million
Inmax Holding Co Ltd (1591)	$411.00 Million	12.11%	0.54x	$37.34 Million
Tycoons Group Enterprise Co Ltd (2022)	$5.76 Billion	-10.09%	1.26x	$81.58 Million
Hiwin Technologies Corp (2049)	$35.11 Billion	5.79%	0.46x	$3.73 Billion
Sheh Kai Precision Co Ltd (2063)	$971.27 Million	24.02%	0.93x	$37.05 Million
Sheh Fung Screws Co Ltd (2065)	$1.71 Billion	16.18%	0.72x	$66.74 Million

About Khgears International Limited

TW:4571 Taiwan Tools & Accessories

Market Cap

$278.90 Million

NT$8.85 Billion TWD

Market Cap Rank

#15171 Global

#693 in Taiwan

Share Price

NT$170.50

Change (1 day)

-0.29%

52-Week Range

NT$148.50 - NT$232.00

All Time High

NT$274.50