Cheng Mei Materials Technology Corp (4960) - Net Assets
Based on the latest financial reports, Cheng Mei Materials Technology Corp (4960) has net assets worth NT$7.24 Billion TWD (≈ $228.15 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$12.30 Billion ≈ $387.49 Million USD) and total liabilities (NT$5.06 Billion ≈ $159.34 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 Cheng Mei Materials Technology Corp tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$7.24 Billion |
| % of Total Assets | 58.88% |
| Annual Growth Rate | 3.01% |
| 5-Year Change | -29.87% |
| 10-Year Change | -43.5% |
| Growth Volatility | 16.68 |
Cheng Mei Materials Technology Corp - Net Assets Trend (2009–2025)
This chart illustrates how Cheng Mei Materials Technology Corp's net assets have evolved over time, based on quarterly financial data. See Cheng Mei Materials Technology Corp defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cheng Mei Materials Technology Corp (2009–2025)
The table below shows the annual net assets of Cheng Mei Materials Technology Corp from 2009 to 2025. For live valuation and market cap data, see market value of Cheng Mei Materials Technology Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$7.34 Billion ≈ $231.39 Million |
-17.53% |
| 2024-12-31 | NT$8.91 Billion ≈ $280.56 Million |
-2.99% |
| 2023-12-31 | NT$9.18 Billion ≈ $289.20 Million |
-16.33% |
| 2022-12-31 | NT$10.97 Billion ≈ $345.64 Million |
+4.75% |
| 2021-12-31 | NT$10.47 Billion ≈ $329.96 Million |
+8.85% |
| 2020-12-31 | NT$9.62 Billion ≈ $303.13 Million |
-0.55% |
| 2019-12-31 | NT$9.67 Billion ≈ $304.81 Million |
-32.16% |
| 2018-12-31 | NT$14.26 Billion ≈ $449.32 Million |
+7.38% |
| 2017-12-31 | NT$13.28 Billion ≈ $418.43 Million |
+2.17% |
| 2016-12-31 | NT$13.00 Billion ≈ $409.56 Million |
+0.51% |
| 2015-12-31 | NT$12.93 Billion ≈ $407.47 Million |
-1.58% |
| 2014-12-31 | NT$13.14 Billion ≈ $414.01 Million |
+19.32% |
| 2013-12-31 | NT$11.01 Billion ≈ $346.99 Million |
+18.06% |
| 2012-12-31 | NT$9.33 Billion ≈ $293.92 Million |
+26.74% |
| 2011-12-31 | NT$7.36 Billion ≈ $231.91 Million |
+20.17% |
| 2010-12-31 | NT$6.13 Billion ≈ $192.99 Million |
+34.10% |
| 2009-12-31 | NT$4.57 Billion ≈ $143.91 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Cheng Mei Materials Technology 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 decreased by 52.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$215.93 Million | 2.94% |
| Common Stock | NT$5.72 Billion | 77.84% |
| Other Comprehensive Income | NT$1.18 Billion | 16.11% |
| Other Components | NT$228.04 Million | 3.11% |
| Total Equity | NT$7.34 Billion | 100.00% |
Cheng Mei Materials Technology Corp Competitors by Market Cap
The table below lists competitors of Cheng Mei Materials Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canadian Tire Corporation Limited
TO:CTC
|
$518.81 Million |
|
Kambi Group PLC Series B
LSE:0EAW
|
$518.97 Million |
|
Kenmec Mechanical Engineering Co Ltd
TWO:6125
|
$518.99 Million |
|
XMax Inc.
NASDAQ:XMAX
|
$518.99 Million |
|
Guangdong Shirongzhaoye Co Ltd
SHE:002016
|
$518.58 Million |
|
Zhejiang Xinzhonggang Thermal Power Co Ltd
SHG:605162
|
$518.53 Million |
|
Dongwoon Anatech Co Ltd
KQ:094170
|
$518.51 Million |
|
Bradespar S.A
SA:BRAP3
|
$518.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cheng Mei Materials Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,905,215,000 to 7,344,331,000, a change of -1,560,884,000 (-17.5%).
- Net loss of 1,462,717,000 reduced equity.
- Share repurchases of 104,620,000 reduced equity.
- New share issuances of 25,787,000 increased equity.
- Other comprehensive income increased equity by 1,612,748,000.
- Other factors decreased equity by 1,632,082,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-1.46 Billion | -19.92% |
| Share Repurchases | NT$104.62 Million | -1.42% |
| Share Issuances | NT$25.79 Million | +0.35% |
| Other Comprehensive Income | NT$1.61 Billion | +21.96% |
| Other Changes | NT$-1.63 Billion | -22.22% |
| Total Change | NT$- | -17.53% |
Book Value vs Market Value Analysis
This analysis compares Cheng Mei Materials Technology 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: 2.25x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.83x to 2.25x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$15.90 | NT$29.10 | x |
| 2010-12-31 | NT$16.06 | NT$29.10 | x |
| 2011-12-31 | NT$19.29 | NT$29.10 | x |
| 2012-12-31 | NT$22.34 | NT$29.10 | x |
| 2013-12-31 | NT$24.81 | NT$29.10 | x |
| 2014-12-31 | NT$29.65 | NT$29.10 | x |
| 2015-12-31 | NT$28.86 | NT$29.10 | x |
| 2016-12-31 | NT$24.44 | NT$29.10 | x |
| 2017-12-31 | NT$23.78 | NT$29.10 | x |
| 2018-12-31 | NT$18.67 | NT$29.10 | x |
| 2019-12-31 | NT$17.07 | NT$29.10 | x |
| 2020-12-31 | NT$17.01 | NT$29.10 | x |
| 2021-12-31 | NT$18.45 | NT$29.10 | x |
| 2022-12-31 | NT$19.23 | NT$29.10 | x |
| 2023-12-31 | NT$15.65 | NT$29.10 | x |
| 2024-12-31 | NT$15.68 | NT$29.10 | x |
| 2025-12-31 | NT$12.95 | NT$29.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cheng Mei Materials Technology 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): -19.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.92%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.77x
- Recent ROE (-19.92%) is below the historical average (4.43%), 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 | 20.46% | 8.18% | 0.81x | 3.07x | NT$477.73 Million |
| 2010 | 26.83% | 10.06% | 1.06x | 2.51x | NT$1.03 Billion |
| 2011 | 19.41% | 7.52% | 0.98x | 2.62x | NT$692.77 Million |
| 2012 | 17.44% | 7.99% | 1.14x | 1.92x | NT$687.45 Million |
| 2013 | 22.39% | 13.70% | 1.13x | 1.45x | NT$1.35 Billion |
| 2014 | 17.22% | 14.21% | 0.88x | 1.38x | NT$942.48 Million |
| 2015 | 8.25% | 8.23% | 0.72x | 1.39x | NT$-222.33 Million |
| 2016 | -13.85% | -14.30% | 0.50x | 1.92x | NT$-2.56 Billion |
| 2017 | -10.81% | -10.72% | 0.49x | 2.07x | NT$-2.36 Billion |
| 2018 | -6.20% | -5.13% | 0.47x | 2.59x | NT$-1.71 Billion |
| 2019 | -7.13% | -4.62% | 1.05x | 1.47x | NT$-1.65 Billion |
| 2020 | -0.89% | -0.90% | 0.65x | 1.51x | NT$-1.05 Billion |
| 2021 | 7.29% | 6.85% | 0.71x | 1.50x | NT$-284.13 Million |
| 2022 | 4.21% | 4.86% | 0.63x | 1.37x | NT$-634.97 Million |
| 2023 | -6.33% | -6.29% | 0.65x | 1.55x | NT$-1.50 Billion |
| 2024 | -3.00% | -2.99% | 0.62x | 1.62x | NT$-1.16 Billion |
| 2025 | -19.92% | -16.92% | 0.67x | 1.77x | NT$-2.20 Billion |
Industry Comparison
This section compares Cheng Mei Materials Technology Corp's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $94,021,037,300
- Average return on equity (ROE) among peers: 13.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cheng Mei Materials Technology Corp (4960) | NT$7.24 Billion | 20.46% | 0.70x | $518.66 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $426.35 Million |
| Fulltech Fiber Glass (1815) | $5.38 Billion | 0.00% | 1.68x | $1.61 Billion |
| Delta Electronics Inc (2308) | $129.01 Billion | 14.57% | 0.82x | $175.95 Billion |
| Compeq Manufacturing Co Ltd (2313) | $38.72 Billion | 20.67% | 1.06x | $9.74 Billion |
| WUS Printed Circuit Co Ltd (2316) | $10.22 Billion | 46.26% | 0.48x | $1.17 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $682.97 Billion | 13.86% | 2.00x | $118.11 Billion |
| Yageo Corp (2327) | $41.20 Billion | 8.21% | 0.71x | $70.52 Billion |
| Pan-International Industrial Corp (2328) | $18.48 Billion | 5.79% | 0.37x | $872.06 Million |
| Chin-Poon Industrial Co Ltd (2355) | $5.71 Billion | 0.00% | 0.33x | $725.10 Million |
| Solomon Technology Corp (2359) | $4.99 Billion | 6.38% | 0.26x | $723.48 Million |
About Cheng Mei Materials Technology Corp
Cheng Mei Materials Technology Corporation manufactures and sells optoelectronic material and components in Taiwan and Mainland China. It offers optical structure embossing adhesive and transparent adhesive for mini LEDs; optical adhesive and film application; polarizers for handheld devices, automotive and public displays, desktop LCD, and energy savings applications; and mobile device displays … Read more