Hiwin Mikrosystem Corp
Hiwin Mikrosystem Corporation develops and manufactures linear motion and control system in Taiwan and Israel. The company operates in three segments: Precision Motion and Control Parts, Micro and Nano-Positioning Systems, and Others. It offers stage, single-axis robot, controller and drive, position measurement system, and servo and linear actuators, as well as vacuum, linear, direct drive, torq… Read more
Hiwin Mikrosystem Corp (4576) - Net Assets
Latest net assets as of December 2025: NT$4.44 Billion TWD
Based on the latest financial reports, Hiwin Mikrosystem Corp (4576) has net assets worth NT$4.44 Billion TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$7.01 Billion) and total liabilities (NT$2.57 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$4.44 Billion |
| % of Total Assets | 63.28% |
| Annual Growth Rate | 9.14% |
| 5-Year Change | 15.11% |
| 10-Year Change | 137.44% |
| Growth Volatility | 10.97 |
Hiwin Mikrosystem Corp - Net Assets Trend (2015–2025)
This chart illustrates how Hiwin Mikrosystem 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 Hiwin Mikrosystem Corp (2015–2025)
The table below shows the annual net assets of Hiwin Mikrosystem Corp from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.44 Billion | +6.79% |
| 2024-12-31 | NT$4.15 Billion | +3.20% |
| 2023-12-31 | NT$4.02 Billion | -2.09% |
| 2022-12-31 | NT$4.11 Billion | +6.66% |
| 2021-12-31 | NT$3.85 Billion | +8.23% |
| 2020-12-31 | NT$3.56 Billion | +4.53% |
| 2019-12-31 | NT$3.41 Billion | +29.66% |
| 2018-12-31 | NT$2.63 Billion | +31.86% |
| 2017-12-31 | NT$1.99 Billion | +6.64% |
| 2016-12-31 | NT$1.87 Billion | +0.99% |
| 2015-12-31 | NT$1.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hiwin Mikrosystem 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 324.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.12 Billion | 27.26% |
| Common Stock | NT$1.20 Billion | 29.20% |
| Other Comprehensive Income | NT$209.39 Million | 5.10% |
| Other Components | NT$1.58 Billion | 38.43% |
| Total Equity | NT$4.10 Billion | 100.00% |
Hiwin Mikrosystem Corp Competitors by Market Cap
The table below lists competitors of Hiwin Mikrosystem Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Automatic Bank Services Limited
PINK:ABANF
|
$269.02 Million |
|
Qingdao Weflo Valve Co Ltd
SHE:002871
|
$269.09 Million |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
$269.10 Million |
|
Nantong Square Cold Chain Equipment Co Ltd
SHG:603339
|
$269.12 Million |
|
BETTERWARE DE MEXICO SAPI
F:BM0
|
$268.97 Million |
|
Lingyuan Iron & Steel Co Ltd
SHG:600231
|
$268.90 Million |
|
Jiangsu Beiren Robot System Co Ltd
SHG:688218
|
$268.88 Million |
|
Multiconsult ASA
LSE:0R8N
|
$268.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hiwin Mikrosystem Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,868,379,000 to 4,102,671,000, a change of 234,292,000 (6.1%).
- Net income of 241,328,000 contributed positively to equity growth.
- Dividend payments of 23,960,000 reduced retained earnings.
- Other comprehensive income increased equity by 17,747,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$241.33 Million | +5.88% |
| Dividends Paid | NT$23.96 Million | -0.58% |
| Other Comprehensive Income | NT$17.75 Million | +0.43% |
| Other Changes | NT$-823.00K | -0.02% |
| Total Change | NT$- | 6.06% |
Book Value vs Market Value Analysis
This analysis compares Hiwin Mikrosystem 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: 3.78x
- 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 5.59x to 3.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | NT$21.45 | NT$120.00 | x |
| 2016-12-31 | NT$18.97 | NT$120.00 | x |
| 2017-12-31 | NT$19.59 | NT$120.00 | x |
| 2018-12-31 | NT$24.49 | NT$120.00 | x |
| 2019-12-31 | NT$29.53 | NT$120.00 | x |
| 2020-12-31 | NT$28.70 | NT$120.00 | x |
| 2021-12-31 | NT$30.87 | NT$120.00 | x |
| 2022-12-31 | NT$32.46 | NT$120.00 | x |
| 2023-12-31 | NT$31.59 | NT$120.00 | x |
| 2024-12-31 | NT$32.28 | NT$120.00 | x |
| 2025-12-31 | NT$31.73 | NT$120.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hiwin Mikrosystem Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.89%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.71x
- Recent ROE (5.88%) is above the historical average (4.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 2.84% | 2.91% | 0.54x | 1.82x | NT$-128.72 Million |
| 2016 | 0.89% | 0.94% | 0.44x | 2.12x | NT$-164.68 Million |
| 2017 | 6.18% | 4.93% | 0.58x | 2.15x | NT$-73.24 Million |
| 2018 | 9.47% | 8.56% | 0.59x | 1.87x | NT$-13.46 Million |
| 2019 | 1.05% | 1.71% | 0.38x | 1.64x | NT$-296.00 Million |
| 2020 | 3.93% | 5.52% | 0.45x | 1.58x | NT$-208.92 Million |
| 2021 | 8.02% | 9.33% | 0.54x | 1.59x | NT$-73.33 Million |
| 2022 | 8.38% | 10.13% | 0.55x | 1.50x | NT$-62.99 Million |
| 2023 | 0.13% | 0.24% | 0.35x | 1.63x | NT$-373.47 Million |
| 2024 | 1.57% | 2.69% | 0.34x | 1.71x | NT$-326.19 Million |
| 2025 | 5.88% | 8.89% | 0.39x | 1.71x | NT$-168.94 Million |
Industry Comparison
This section compares Hiwin Mikrosystem Corp's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,443,854,100
- Average return on equity (ROE) among peers: 15.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hiwin Mikrosystem Corp (4576) | NT$4.44 Billion | 2.84% | 0.58x | $268.97 Million |
| Shihlin Electric & Engineering Corp (1503) | $12.57 Billion | 8.24% | 1.01x | $1.64 Billion |
| Allis Electric Co Ltd (1514) | $2.89 Billion | 7.47% | 0.97x | $721.68 Million |
| Fortune Electric Co Ltd (1519) | $3.07 Billion | 22.96% | 1.33x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $1.06 Billion | 4.03% | 0.77x | $95.39 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.92 Billion | 25.10% | 0.48x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.02 Billion | 8.63% | 0.64x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $9.01 Billion | 15.42% | 0.52x | $104.26 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $9.13 Billion | 9.31% | 1.76x | $714.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.82 Billion | 34.51% | 0.12x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $2.95 Billion | 17.78% | 0.52x | $96.72 Million |