Hiwin Mikrosystem Corp (4576) - Net Assets
Based on the latest financial reports, Hiwin Mikrosystem Corp (4576) has net assets worth NT$4.50 Billion TWD (≈ $141.62 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$7.17 Billion ≈ $225.98 Million USD) and total liabilities (NT$2.68 Billion ≈ $84.36 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 how tangible is Hiwin Mikrosystem Corp's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.50 Billion |
| % of Total Assets | 62.67% |
| 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. See operational self-sufficiency of Hiwin Mikrosystem Corp to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see Hiwin Mikrosystem Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.44 Billion ≈ $139.75 Million |
+6.79% |
| 2024-12-31 | NT$4.15 Billion ≈ $130.86 Million |
+3.20% |
| 2023-12-31 | NT$4.02 Billion ≈ $126.80 Million |
-2.09% |
| 2022-12-31 | NT$4.11 Billion ≈ $129.51 Million |
+6.66% |
| 2021-12-31 | NT$3.85 Billion ≈ $121.41 Million |
+8.23% |
| 2020-12-31 | NT$3.56 Billion ≈ $112.18 Million |
+4.53% |
| 2019-12-31 | NT$3.41 Billion ≈ $107.32 Million |
+29.66% |
| 2018-12-31 | NT$2.63 Billion ≈ $82.77 Million |
+31.86% |
| 2017-12-31 | NT$1.99 Billion ≈ $62.77 Million |
+6.64% |
| 2016-12-31 | NT$1.87 Billion ≈ $58.86 Million |
+0.99% |
| 2015-12-31 | NT$1.85 Billion ≈ $58.28 Million |
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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 |
|---|---|
|
Sinosteel Luonai Materials Technology Co. Ltd. A
SHG:688119
|
$758.91 Million |
|
S.J.S. Enterprises Limited
NSE:SJS
|
$759.02 Million |
|
Beijing Utour International Travel Service Co Ltd
SHE:002707
|
$759.28 Million |
|
Dilip Buildcon Limited
NSE:DBL
|
$759.37 Million |
|
China CYTS Tours Holding Co Ltd
SHG:600138
|
$758.39 Million |
|
Kuros Biosciences AG
SW:KURN
|
$758.37 Million |
|
Navient Corp
NASDAQ:NAVI
|
$757.86 Million |
|
AB SKF (publ)
ST:SKF-A
|
$757.79 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: 6.34x
- 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 9.37x to 6.34x 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$201.00 | x |
| 2016-12-31 | NT$18.97 | NT$201.00 | x |
| 2017-12-31 | NT$19.59 | NT$201.00 | x |
| 2018-12-31 | NT$24.49 | NT$201.00 | x |
| 2019-12-31 | NT$29.53 | NT$201.00 | x |
| 2020-12-31 | NT$28.70 | NT$201.00 | x |
| 2021-12-31 | NT$30.87 | NT$201.00 | x |
| 2022-12-31 | NT$32.46 | NT$201.00 | x |
| 2023-12-31 | NT$31.59 | NT$201.00 | x |
| 2024-12-31 | NT$32.28 | NT$201.00 | x |
| 2025-12-31 | NT$31.73 | NT$201.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hiwin Mikrosystem Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.89%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.71x
- Recent ROE (5.88%) is above the historical average (4.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 2.84% | 2.91% | 0.54x | 1.82x | NT$-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: $5,696,516,500
- Average return on equity (ROE) among peers: 43.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hiwin Mikrosystem Corp (4576) | NT$4.50 Billion | 2.84% | 0.60x | $758.66 Million |
| Shihlin Electric & Engineering Corp (1503) | $19.41 Billion | 5.67% | 0.54x | $3.88 Billion |
| Allis Electric Co Ltd (1514) | $2.63 Billion | 2.65% | 0.72x | $1.01 Billion |
| Fortune Electric Co Ltd (1519) | $3.22 Billion | 13.15% | 0.79x | $7.99 Billion |
| Klingon Aerospace Inc (1529) | $1.60 Billion | 0.00% | 0.51x | $111.90 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.79 Billion | 16.37% | 0.39x | $329.64 Million |
| Chieftek Precision Co Ltd (1597) | $622.18 Million | 14.16% | 0.83x | $404.14 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $10.61 Billion | 0.00% | 0.24x | $464.43 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $6.42 Billion | 371.65% | 0.77x | $939.81 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.60 Billion | 9.91% | 0.14x | $378.91 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.07 Billion | 0.00% | 1.07x | $278.20 Million |
About 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