Sercomm Corp (5388) - Net Assets
Based on the latest financial reports, Sercomm Corp (5388) has net assets worth NT$15.94 Billion TWD (≈ $502.31 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$48.33 Billion ≈ $1.52 Billion USD) and total liabilities (NT$32.39 Billion ≈ $1.02 Billion 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 Sercomm Corp liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$15.94 Billion |
| % of Total Assets | 32.99% |
| Annual Growth Rate | 12.75% |
| 5-Year Change | 93.41% |
| 10-Year Change | 116.71% |
| Growth Volatility | 11.34 |
Sercomm Corp - Net Assets Trend (2002–2025)
This chart illustrates how Sercomm Corp's net assets have evolved over time, based on quarterly financial data. Also explore Sercomm Corp assets under control for the complete picture of this company's asset base.
Annual Net Assets for Sercomm Corp (2002–2025)
The table below shows the annual net assets of Sercomm Corp from 2002 to 2025. For live valuation and market cap data, see how much is Sercomm Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$15.94 Billion ≈ $502.31 Million |
-2.30% |
| 2024-12-31 | NT$16.32 Billion ≈ $514.15 Million |
+23.48% |
| 2023-12-31 | NT$13.22 Billion ≈ $416.38 Million |
+34.84% |
| 2022-12-31 | NT$9.80 Billion ≈ $308.80 Million |
+18.90% |
| 2021-12-31 | NT$8.24 Billion ≈ $259.72 Million |
+6.78% |
| 2020-12-31 | NT$7.72 Billion ≈ $243.22 Million |
+0.57% |
| 2019-12-31 | NT$7.68 Billion ≈ $241.84 Million |
+9.50% |
| 2018-12-31 | NT$7.01 Billion ≈ $220.85 Million |
-3.00% |
| 2017-12-31 | NT$7.23 Billion ≈ $227.67 Million |
-1.78% |
| 2016-12-31 | NT$7.36 Billion ≈ $231.79 Million |
+6.05% |
| 2015-12-31 | NT$6.94 Billion ≈ $218.57 Million |
+14.50% |
| 2014-12-31 | NT$6.06 Billion ≈ $190.89 Million |
+28.16% |
| 2013-12-31 | NT$4.73 Billion ≈ $148.95 Million |
+22.78% |
| 2012-12-31 | NT$3.85 Billion ≈ $121.32 Million |
+17.66% |
| 2011-12-31 | NT$3.27 Billion ≈ $103.11 Million |
+26.01% |
| 2010-12-31 | NT$2.60 Billion ≈ $81.83 Million |
+6.62% |
| 2009-12-31 | NT$2.44 Billion ≈ $76.74 Million |
-2.78% |
| 2008-12-31 | NT$2.51 Billion ≈ $78.93 Million |
+5.20% |
| 2007-12-31 | NT$2.38 Billion ≈ $75.03 Million |
+28.57% |
| 2006-12-31 | NT$1.85 Billion ≈ $58.35 Million |
+6.91% |
| 2005-12-31 | NT$1.73 Billion ≈ $54.58 Million |
+18.21% |
| 2004-12-31 | NT$1.47 Billion ≈ $46.17 Million |
+14.10% |
| 2003-12-31 | NT$1.28 Billion ≈ $40.47 Million |
+27.20% |
| 2002-12-31 | NT$1.01 Billion ≈ $31.81 Million |
-- |
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 3110.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.88 Billion | 30.60% |
| Common Stock | NT$3.04 Billion | 19.07% |
| Other Comprehensive Income | NT$6.44 Billion | 40.34% |
| Other Components | NT$1.59 Billion | 9.98% |
| Total Equity | NT$15.96 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 |
|---|---|
|
NatureCell Co.Ltd
KQ:007390
|
$733.77 Million |
|
Stratasys Ltd
NASDAQ:SSYS
|
$733.90 Million |
|
Trilogy Metals Inc
TO:TMQ
|
$733.92 Million |
|
Astra Otoparts Tbk
JK:AUTO
|
$734.28 Million |
|
TrustCo Bank Corp NY
NASDAQ:TRST
|
$733.46 Million |
|
Chengdu KSW Technologies Co. Ltd. A
SHG:688283
|
$733.42 Million |
|
CECEP Techand Ecology&Environment Co Ltd
SHE:300197
|
$733.32 Million |
|
Quest Holdings S.A
AT:QUEST
|
$733.19 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 2024 to 2025, total equity changed from 16,328,362,000 to 15,955,664,000, a change of -372,698,000 (-2.3%).
- Net income of 1,199,024,000 contributed positively to equity growth.
- Dividend payments of 1,373,327,000 reduced retained earnings.
- Share repurchases of 302,293,000 reduced equity.
- New share issuances of 203,472,000 increased equity.
- Other comprehensive income decreased equity by 341,594,000.
- Other factors increased equity by 242,020,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.20 Billion | +7.51% |
| Dividends Paid | NT$1.37 Billion | -8.61% |
| Share Repurchases | NT$302.29 Million | -1.89% |
| Share Issuances | NT$203.47 Million | +1.28% |
| Other Comprehensive Income | NT$-341.59 Million | -2.14% |
| Other Changes | NT$242.02 Million | +1.52% |
| Total Change | NT$- | -2.28% |
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: 1.45x
- 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 6.67x to 1.45x 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$77.70 | x |
| 2007-12-31 | NT$16.49 | NT$77.70 | x |
| 2008-12-31 | NT$13.85 | NT$77.70 | x |
| 2009-12-31 | NT$14.38 | NT$77.70 | x |
| 2010-12-31 | NT$14.39 | NT$77.70 | x |
| 2011-12-31 | NT$15.62 | NT$77.70 | x |
| 2012-12-31 | NT$17.02 | NT$77.70 | x |
| 2013-12-31 | NT$19.41 | NT$77.70 | x |
| 2014-12-31 | NT$24.81 | NT$77.70 | x |
| 2015-12-31 | NT$28.26 | NT$77.70 | x |
| 2016-12-31 | NT$29.46 | NT$77.70 | x |
| 2017-12-31 | NT$28.97 | NT$77.70 | x |
| 2018-12-31 | NT$28.21 | NT$77.70 | x |
| 2019-12-31 | NT$30.56 | NT$77.70 | x |
| 2020-12-31 | NT$30.29 | NT$77.70 | x |
| 2021-12-31 | NT$31.61 | NT$77.70 | x |
| 2022-12-31 | NT$36.94 | NT$77.70 | x |
| 2023-12-31 | NT$48.80 | NT$77.70 | x |
| 2024-12-31 | NT$53.85 | NT$77.70 | x |
| 2025-12-31 | NT$53.76 | NT$77.70 | 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): 7.51%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.22%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 3.03x
- Recent ROE (7.51%) is below the historical average (16.06%), 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$638.17 Million |
| 2025 | 7.51% | 2.22% | 1.12x | 3.03x | NT$-396.54 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: $4,356,306,400
- Average return on equity (ROE) among peers: 6.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sercomm Corp (5388) | NT$15.94 Billion | 15.01% | 2.03x | $733.70 Million |
| Microelectronics Technology Inc (2314) | $5.51 Billion | 8.25% | 0.62x | $47.48 Million |
| Tecom Co Ltd (2321) | $464.67 Million | -7.92% | 2.01x | $12.32 Million |
| D-Link Corp (2332) | $14.75 Billion | 8.28% | 0.74x | $260.42 Million |
| Accton Technology Corp (2345) | $8.84 Billion | 21.36% | 0.98x | $44.11 Billion |
| Hitron Technologies Inc (2419) | $2.27 Billion | 9.20% | 1.35x | $310.28 Million |
| Abocom Systems Inc (2444) | $980.48 Million | -1.62% | 1.10x | $43.04 Million |
| Zinwell Corporation (2485) | $6.41 Billion | -5.79% | 0.34x | $645.58 Million |
| Loop Telecommunication International Inc (3025) | $809.59 Million | 6.11% | 0.25x | $109.04 Million |
| Edimax Technology Co Ltd (3047) | $497.16 Million | 8.56% | 1.78x | $101.91 Million |
| CyberTAN Technology Inc (3062) | $3.04 Billion | 18.21% | 0.70x | $266.17 Million |
About Sercomm Corp
Sercomm Corporation engages in the provision of integrated networking and telecom solutions, and equipment in North America, Europe, Latin America, South Asia, Taiwan, China, the Asia-Pacific, and Asia. The company offers mobile IOT devices, customer premises equipment, small cell and mobile module solutions. It also offers IoT solutions such as monitoring, safety and security, mobility, and home… Read more