Apex International Co Ltd
Apex International Co., Ltd. manufactures, processes, trades, and sells printed circuit boards in Singapore, Thailand, Vietnam, Korea, and internationally. The company provides single-sided, double-sided, and multi-layer printed circuit boards used in hard disks, satellite communications equipment, and multimedia equipment for automobiles. It also offers printed circuit boards for use in home app… Read more
Apex International Co Ltd (4927) - Net Assets
Latest net assets as of September 2025: NT$6.48 Billion TWD
Based on the latest financial reports, Apex International Co Ltd (4927) has net assets worth NT$6.48 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$18.85 Billion) and total liabilities (NT$12.38 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$6.48 Billion |
| % of Total Assets | 34.35% |
| Annual Growth Rate | 13.43% |
| 5-Year Change | -11.42% |
| 10-Year Change | 65.23% |
| Growth Volatility | 20.86 |
Apex International Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Apex International Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Apex International Co Ltd (2009–2024)
The table below shows the annual net assets of Apex International Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.79 Billion | -2.15% |
| 2023-12-31 | NT$6.93 Billion | -13.65% |
| 2022-12-31 | NT$8.03 Billion | +8.10% |
| 2021-12-31 | NT$7.43 Billion | -3.02% |
| 2020-12-31 | NT$7.66 Billion | +2.89% |
| 2019-12-31 | NT$7.45 Billion | +23.91% |
| 2018-12-31 | NT$6.01 Billion | +36.46% |
| 2017-12-31 | NT$4.40 Billion | +10.39% |
| 2016-12-31 | NT$3.99 Billion | -2.87% |
| 2015-12-31 | NT$4.11 Billion | -0.12% |
| 2014-12-31 | NT$4.11 Billion | +57.17% |
| 2013-12-31 | NT$2.62 Billion | +4.75% |
| 2012-12-31 | NT$2.50 Billion | +17.03% |
| 2011-12-31 | NT$2.13 Billion | +35.76% |
| 2010-12-31 | NT$1.57 Billion | +53.30% |
| 2009-12-31 | NT$1.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Apex International 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 grown by 11113.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.33 Billion | 19.67% |
| Common Stock | NT$2.20 Billion | 32.54% |
| Other Comprehensive Income | NT$-69.18 Million | -1.02% |
| Other Components | NT$3.30 Billion | 48.82% |
| Total Equity | NT$6.76 Billion | 100.00% |
Apex International Co Ltd Competitors by Market Cap
The table below lists competitors of Apex International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aubay Société Anonyme
PA:AUB
|
$303.01 Million |
|
MHP SE GDR S/2
F:MPQ
|
$303.01 Million |
|
Elior SCA
PA:ELIOR
|
$303.03 Million |
|
Well Lead Med Co Ltd
SHG:603309
|
$303.04 Million |
|
Avio S.p.A.
LSE:0R9S
|
$302.86 Million |
|
CMC Magnetics Corp
TW:2323
|
$302.78 Million |
|
Wuhan DDMC Culture Co Ltd
SHG:600136
|
$302.75 Million |
|
Obrascón Huarte Lain S.A
PINK:OBSJF
|
$302.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Apex International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,904,038,000 to 6,759,419,000, a change of -144,619,000 (-2.1%).
- Net loss of 1,790,603,000 reduced equity.
- New share issuances of 1,195,275,000 increased equity.
- Other comprehensive income increased equity by 424,917,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-1.79 Billion | -26.49% |
| Share Issuances | NT$1.20 Billion | +17.68% |
| Other Comprehensive Income | NT$424.92 Million | +6.29% |
| Other Changes | NT$25.79 Million | +0.38% |
| Total Change | NT$- | -2.09% |
Book Value vs Market Value Analysis
This analysis compares Apex International 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: 1.43x
- 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 4.40x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$11.27 | NT$49.55 | x |
| 2010-12-31 | NT$17.29 | NT$49.55 | x |
| 2011-12-31 | NT$23.09 | NT$49.55 | x |
| 2012-12-31 | NT$24.58 | NT$49.55 | x |
| 2013-12-31 | NT$22.73 | NT$49.55 | x |
| 2014-12-31 | NT$30.16 | NT$49.55 | x |
| 2015-12-31 | NT$28.12 | NT$49.55 | x |
| 2016-12-31 | NT$27.80 | NT$49.55 | x |
| 2017-12-31 | NT$33.28 | NT$49.55 | x |
| 2018-12-31 | NT$34.97 | NT$49.55 | x |
| 2019-12-31 | NT$39.03 | NT$49.55 | x |
| 2020-12-31 | NT$40.14 | NT$49.55 | x |
| 2021-12-31 | NT$38.94 | NT$49.55 | x |
| 2022-12-31 | NT$42.11 | NT$49.55 | x |
| 2023-12-31 | NT$35.01 | NT$49.55 | x |
| 2024-12-31 | NT$34.76 | NT$49.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Apex International Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -26.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.37%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 2.88x
- Recent ROE (-26.49%) is below the historical average (9.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 1.17% | 4.15% | 0.08x | 3.48x | NT$-89.89 Million |
| 2010 | 21.68% | 7.67% | 1.11x | 2.56x | NT$182.25 Million |
| 2011 | 20.65% | 8.65% | 0.99x | 2.42x | NT$225.85 Million |
| 2012 | 22.96% | 9.92% | 0.91x | 2.55x | NT$321.49 Million |
| 2013 | 13.49% | 5.53% | 0.80x | 3.06x | NT$90.80 Million |
| 2014 | 10.44% | 5.80% | 0.75x | 2.40x | NT$18.14 Million |
| 2015 | 13.01% | 6.16% | 0.82x | 2.59x | NT$123.05 Million |
| 2016 | 6.89% | 3.18% | 0.79x | 2.75x | NT$-123.46 Million |
| 2017 | 1.78% | 0.75% | 0.93x | 2.56x | NT$-359.95 Million |
| 2018 | 13.87% | 7.42% | 0.92x | 2.03x | NT$231.30 Million |
| 2019 | 11.16% | 7.96% | 0.88x | 1.59x | NT$85.80 Million |
| 2020 | 15.72% | 10.13% | 0.77x | 2.00x | NT$436.15 Million |
| 2021 | 18.63% | 9.31% | 0.75x | 2.68x | NT$638.25 Million |
| 2022 | 10.93% | 5.87% | 0.74x | 2.50x | NT$74.66 Million |
| 2023 | -11.54% | -6.31% | 0.70x | 2.62x | NT$-1.49 Billion |
| 2024 | -26.49% | -14.37% | 0.64x | 2.88x | NT$-2.47 Billion |
Industry Comparison
This section compares Apex International Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Apex International Co Ltd (4927) | NT$6.48 Billion | 1.17% | 1.91x | $302.89 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |