Sercomm Corp
Sercomm Corporation researches, develops, manufactures, and sells networking communication software and equipment in North America, Europe, and the Asia Pacific. The company offers mobile IOT device, FWA CPE, FWA CPE, small cell and mobile module solutions. It also offers IoT solutions such as monitoring, safety and security, mobility, and home control solutions. In addition, the company provides… Read more
Sercomm Corp (5388) - Net Assets
Latest net assets as of September 2025: NT$15.33 Billion TWD
Based on the latest financial reports, Sercomm Corp (5388) has net assets worth NT$15.33 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$47.33 Billion) and total liabilities (NT$32.01 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$15.33 Billion |
| % of Total Assets | 32.38% |
| Annual Growth Rate | 13.48% |
| 5-Year Change | 111.39% |
| 10-Year Change | 135.23% |
| Growth Volatility | 11.09 |
Sercomm Corp - Net Assets Trend (2002–2024)
This chart illustrates how Sercomm 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 Sercomm Corp (2002–2024)
The table below shows the annual net assets of Sercomm Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$16.32 Billion | +23.48% |
| 2023-12-31 | NT$13.22 Billion | +34.84% |
| 2022-12-31 | NT$9.80 Billion | +18.90% |
| 2021-12-31 | NT$8.24 Billion | +6.78% |
| 2020-12-31 | NT$7.72 Billion | +0.57% |
| 2019-12-31 | NT$7.68 Billion | +9.50% |
| 2018-12-31 | NT$7.01 Billion | -3.00% |
| 2017-12-31 | NT$7.23 Billion | -1.78% |
| 2016-12-31 | NT$7.36 Billion | +6.05% |
| 2015-12-31 | NT$6.94 Billion | +14.50% |
| 2014-12-31 | NT$6.06 Billion | +28.16% |
| 2013-12-31 | NT$4.73 Billion | +22.78% |
| 2012-12-31 | NT$3.85 Billion | +17.66% |
| 2011-12-31 | NT$3.27 Billion | +26.01% |
| 2010-12-31 | NT$2.60 Billion | +6.62% |
| 2009-12-31 | NT$2.44 Billion | -2.78% |
| 2008-12-31 | NT$2.51 Billion | +5.20% |
| 2007-12-31 | NT$2.38 Billion | +28.57% |
| 2006-12-31 | NT$1.85 Billion | +6.91% |
| 2005-12-31 | NT$1.73 Billion | +18.21% |
| 2004-12-31 | NT$1.47 Billion | +14.10% |
| 2003-12-31 | NT$1.28 Billion | +27.20% |
| 2002-12-31 | NT$1.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sercomm 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 3150.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.94 Billion | 30.28% |
| Common Stock | NT$3.00 Billion | 18.38% |
| Other Comprehensive Income | NT$6.78 Billion | 41.51% |
| Other Components | NT$1.60 Billion | 9.83% |
| Total Equity | NT$16.33 Billion | 100.00% |
Sercomm Corp Competitors by Market Cap
The table below lists competitors of Sercomm Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hoist Finance AB
ST:HOFI
|
$607.39 Million |
|
EFORT Intelligent Equipment Co Ltd
SHG:688165
|
$607.50 Million |
|
Hexaware Technologies Limited
NSE:HEXT
|
$607.58 Million |
|
Foshan Golden Milky Way Intelligent Equipment Co Ltd
SHE:300619
|
$607.64 Million |
|
Mitek Systems Inc
NASDAQ:MITK
|
$607.24 Million |
|
Unibail-Rodamco-Westfield SE
OTCGREY:UNIRF
|
$607.05 Million |
|
Air Astana Joint Stock Company
F:7YH
|
$607.05 Million |
|
Peab AB ser. B
LSE:0MHT
|
$607.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sercomm Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,227,512,000 to 16,328,362,000, a change of 3,100,850,000 (23.4%).
- Net income of 2,271,006,000 contributed positively to equity growth.
- Dividend payments of 1,472,126,000 reduced retained earnings.
- New share issuances of 222,544,000 increased equity.
- Other comprehensive income increased equity by 1,872,518,000.
- Other factors increased equity by 206,908,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.27 Billion | +13.91% |
| Dividends Paid | NT$1.47 Billion | -9.02% |
| Share Issuances | NT$222.54 Million | +1.36% |
| Other Comprehensive Income | NT$1.87 Billion | +11.47% |
| Other Changes | NT$206.91 Million | +1.27% |
| Total Change | NT$- | 23.44% |
Book Value vs Market Value Analysis
This analysis compares Sercomm 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: 1.49x
- 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 6.88x to 1.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$11.65 | NT$80.20 | x |
| 2007-12-31 | NT$16.49 | NT$80.20 | x |
| 2008-12-31 | NT$13.85 | NT$80.20 | x |
| 2009-12-31 | NT$14.38 | NT$80.20 | x |
| 2010-12-31 | NT$14.39 | NT$80.20 | x |
| 2011-12-31 | NT$15.62 | NT$80.20 | x |
| 2012-12-31 | NT$17.02 | NT$80.20 | x |
| 2013-12-31 | NT$19.41 | NT$80.20 | x |
| 2014-12-31 | NT$24.81 | NT$80.20 | x |
| 2015-12-31 | NT$28.26 | NT$80.20 | x |
| 2016-12-31 | NT$29.46 | NT$80.20 | x |
| 2017-12-31 | NT$28.97 | NT$80.20 | x |
| 2018-12-31 | NT$28.21 | NT$80.20 | x |
| 2019-12-31 | NT$30.56 | NT$80.20 | x |
| 2020-12-31 | NT$30.29 | NT$80.20 | x |
| 2021-12-31 | NT$31.61 | NT$80.20 | x |
| 2022-12-31 | NT$36.94 | NT$80.20 | x |
| 2023-12-31 | NT$48.80 | NT$80.20 | x |
| 2024-12-31 | NT$53.85 | NT$80.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sercomm 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): 13.91%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.00%
- • Asset Turnover: 1.35x
- • Equity Multiplier: 2.57x
- Recent ROE (13.91%) is below the historical average (16.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 15.01% | 8.04% | 1.24x | 1.51x | NT$50.63 Million |
| 2003 | 18.04% | 6.10% | 1.33x | 2.22x | NT$103.32 Million |
| 2004 | 24.05% | 7.03% | 1.86x | 1.84x | NT$205.93 Million |
| 2005 | 18.87% | 5.75% | 1.57x | 2.09x | NT$153.24 Million |
| 2006 | 19.21% | 3.89% | 1.82x | 2.71x | NT$170.28 Million |
| 2007 | 22.68% | 5.26% | 1.96x | 2.20x | NT$301.54 Million |
| 2008 | 13.14% | 3.86% | 1.54x | 2.21x | NT$78.58 Million |
| 2009 | 8.44% | 2.90% | 1.22x | 2.39x | NT$-38.10 Million |
| 2010 | 12.11% | 3.64% | 1.08x | 3.07x | NT$54.73 Million |
| 2011 | 17.82% | 4.40% | 1.10x | 3.68x | NT$255.78 Million |
| 2012 | 19.60% | 3.92% | 1.49x | 3.35x | NT$369.77 Million |
| 2013 | 17.87% | 4.43% | 1.42x | 2.83x | NT$372.16 Million |
| 2014 | 15.68% | 4.09% | 1.29x | 2.97x | NT$344.02 Million |
| 2015 | 18.80% | 3.73% | 1.55x | 3.25x | NT$610.60 Million |
| 2016 | 19.86% | 3.98% | 1.54x | 3.23x | NT$725.76 Million |
| 2017 | 18.09% | 3.40% | 1.56x | 3.42x | NT$586.73 Million |
| 2018 | 11.52% | 2.42% | 1.43x | 3.33x | NT$106.56 Million |
| 2019 | 13.46% | 3.25% | 1.21x | 3.41x | NT$265.48 Million |
| 2020 | 11.74% | 2.51% | 1.18x | 3.96x | NT$134.80 Million |
| 2021 | 10.44% | 1.96% | 1.28x | 4.17x | NT$36.41 Million |
| 2022 | 19.56% | 2.97% | 1.46x | 4.51x | NT$937.90 Million |
| 2023 | 18.04% | 3.81% | 1.31x | 3.61x | NT$1.06 Billion |
| 2024 | 13.91% | 4.00% | 1.35x | 2.57x | NT$638.17 Million |
Industry Comparison
This section compares Sercomm Corp's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $4,087,269,200
- Average return on equity (ROE) among peers: -4.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sercomm Corp (5388) | NT$15.33 Billion | 15.01% | 2.09x | $607.32 Million |
| Microelectronics Technology Inc (2314) | $2.46 Billion | -37.09% | 1.51x | $36.51 Million |
| Tecom Co Ltd (2321) | $530.15 Million | -16.22% | 4.00x | $4.22 Million |
| D-Link Corp (2332) | $13.60 Billion | 4.76% | 0.80x | $217.00 Million |
| Accton Technology Corp (2345) | $6.43 Billion | -9.64% | 0.97x | $22.08 Billion |
| Hitron Technologies Inc (2419) | $1.72 Billion | 0.29% | 1.37x | $106.12 Million |
| Abocom Systems Inc (2444) | $1.08 Billion | 1.09% | 1.04x | $38.22 Million |
| Zinwell Corporation (2485) | $6.81 Billion | 0.46% | 0.24x | $175.23 Million |
| Loop Telecommunication International Inc (3025) | $665.75 Million | 0.00% | 0.74x | $77.34 Million |
| Edimax Technology Co Ltd (3047) | $2.57 Billion | 5.51% | 0.79x | $96.92 Million |
| CyberTAN Technology Inc (3062) | $5.01 Billion | 1.39% | 0.48x | $227.43 Million |