Ledtech Electronics Corp
Ledtech Electronics Corp. research, develops, manufactures, processes, and trades in LED displays in Asia, the United Stated, Europe, and internationally. The company offers standard lamps; single, dual, three, and four-digit displays, as well as alphanumeric, and dot matrix displays; chip LED products; SMD products; chip on board and side view backlight; high power products; holder type products… Read more
Ledtech Electronics Corp (6164) - Net Assets
Latest net assets as of September 2025: NT$891.89 Million TWD
Based on the latest financial reports, Ledtech Electronics Corp (6164) has net assets worth NT$891.89 Million 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$1.50 Billion) and total liabilities (NT$605.15 Million). 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$891.89 Million |
| % of Total Assets | 59.58% |
| Annual Growth Rate | 0.24% |
| 5-Year Change | -13.61% |
| 10-Year Change | -39.94% |
| Growth Volatility | 7.91 |
Ledtech Electronics Corp - Net Assets Trend (2002–2024)
This chart illustrates how Ledtech Electronics 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 Ledtech Electronics Corp (2002–2024)
The table below shows the annual net assets of Ledtech Electronics Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$965.92 Million | -11.99% |
| 2023-12-31 | NT$1.10 Billion | -8.68% |
| 2022-12-31 | NT$1.20 Billion | +7.33% |
| 2021-12-31 | NT$1.12 Billion | +0.14% |
| 2020-12-31 | NT$1.12 Billion | +0.21% |
| 2019-12-31 | NT$1.12 Billion | -9.30% |
| 2018-12-31 | NT$1.23 Billion | -2.36% |
| 2017-12-31 | NT$1.26 Billion | -8.12% |
| 2016-12-31 | NT$1.37 Billion | -14.74% |
| 2015-12-31 | NT$1.61 Billion | -3.62% |
| 2014-12-31 | NT$1.67 Billion | +4.84% |
| 2013-12-31 | NT$1.59 Billion | +10.07% |
| 2012-12-31 | NT$1.45 Billion | -8.36% |
| 2011-12-31 | NT$1.58 Billion | +8.14% |
| 2010-12-31 | NT$1.46 Billion | +5.35% |
| 2009-12-31 | NT$1.39 Billion | +1.05% |
| 2008-12-31 | NT$1.37 Billion | +3.84% |
| 2007-12-31 | NT$1.32 Billion | +10.29% |
| 2006-12-31 | NT$1.20 Billion | +13.96% |
| 2005-12-31 | NT$1.05 Billion | +9.05% |
| 2004-12-31 | NT$963.17 Million | +5.88% |
| 2003-12-31 | NT$909.68 Million | -0.80% |
| 2002-12-31 | NT$917.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ledtech Electronics 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 59.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$44.60 Million | 4.67% |
| Common Stock | NT$800.00 Million | 83.79% |
| Other Comprehensive Income | NT$104.66 Million | 10.96% |
| Other Components | NT$5.52 Million | 0.58% |
| Total Equity | NT$954.78 Million | 100.00% |
Ledtech Electronics Corp Competitors by Market Cap
The table below lists competitors of Ledtech Electronics Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aikchol Hospital Public Company Limited
BK:AHC
|
$29.59 Million |
|
Alquiber Quality SA
MC:ALQ
|
$29.61 Million |
|
Wonik Cube Corp
KQ:014190
|
$29.61 Million |
|
Century Casinos Inc
NASDAQ:CNTY
|
$29.64 Million |
|
Latch Inc
NASDAQ:LTCH
|
$29.59 Million |
|
ESS Tech Inc
NYSE:GWH
|
$29.58 Million |
|
Dinamik Isi Makina Yalitim Malzemeleri Sanayi ve Ticaret AS
IS:DNISI
|
$29.58 Million |
|
SkyWorld Development Berhad
KLSE:5315
|
$29.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ledtech Electronics Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,086,525,000 to 954,779,000, a change of -131,746,000 (-12.1%).
- Net income of 43,753,000 contributed positively to equity growth.
- Share repurchases of 200,002,000 reduced equity.
- Other comprehensive income increased equity by 901,000.
- Other factors increased equity by 23,602,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$43.75 Million | +4.58% |
| Share Repurchases | NT$200.00 Million | -20.95% |
| Other Comprehensive Income | NT$901.00K | +0.09% |
| Other Changes | NT$23.60 Million | +2.47% |
| Total Change | NT$- | -12.13% |
Book Value vs Market Value Analysis
This analysis compares Ledtech Electronics 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: 1.31x
- 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 1.18x to 1.31x 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$11.29 | NT$13.30 | x |
| 2010-12-31 | NT$11.13 | NT$13.30 | x |
| 2011-12-31 | NT$12.32 | NT$13.30 | x |
| 2012-12-31 | NT$11.21 | NT$13.30 | x |
| 2013-12-31 | NT$13.23 | NT$13.30 | x |
| 2014-12-31 | NT$13.77 | NT$13.30 | x |
| 2015-12-31 | NT$13.21 | NT$13.30 | x |
| 2016-12-31 | NT$11.82 | NT$13.30 | x |
| 2017-12-31 | NT$12.35 | NT$13.30 | x |
| 2018-12-31 | NT$12.10 | NT$13.30 | x |
| 2019-12-31 | NT$11.01 | NT$13.30 | x |
| 2020-12-31 | NT$11.04 | NT$13.30 | x |
| 2021-12-31 | NT$11.05 | NT$13.30 | x |
| 2022-12-31 | NT$11.78 | NT$13.30 | x |
| 2023-12-31 | NT$10.88 | NT$13.30 | x |
| 2024-12-31 | NT$10.18 | NT$13.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ledtech Electronics 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): 4.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.32%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.53x
- Recent ROE (4.58%) is below the historical average (5.07%), 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 | 11.27% | 12.01% | 0.65x | 1.45x | NT$11.66 Million |
| 2003 | 3.10% | 2.67% | 0.73x | 1.59x | NT$-62.80 Million |
| 2004 | 4.77% | 4.18% | 0.75x | 1.52x | NT$-50.42 Million |
| 2005 | 6.34% | 6.12% | 0.71x | 1.46x | NT$-38.46 Million |
| 2006 | 10.54% | 11.32% | 0.70x | 1.32x | NT$6.43 Million |
| 2007 | 14.47% | 14.69% | 0.70x | 1.40x | NT$59.05 Million |
| 2008 | 8.05% | 8.26% | 0.79x | 1.23x | NT$-26.69 Million |
| 2009 | 7.61% | 7.93% | 0.70x | 1.38x | NT$-33.05 Million |
| 2010 | 8.33% | 6.87% | 0.79x | 1.53x | NT$-24.15 Million |
| 2011 | 2.98% | 2.90% | 0.71x | 1.45x | NT$-109.74 Million |
| 2012 | 2.36% | 2.03% | 0.79x | 1.48x | NT$-109.82 Million |
| 2013 | 9.97% | 8.99% | 0.76x | 1.46x | NT$-541.50K |
| 2014 | 8.02% | 7.31% | 0.70x | 1.56x | NT$-32.60 Million |
| 2015 | 3.36% | 3.19% | 0.68x | 1.54x | NT$-105.09 Million |
| 2016 | 9.50% | 8.80% | 0.65x | 1.66x | NT$-6.72 Million |
| 2017 | 3.00% | 3.01% | 0.61x | 1.62x | NT$-87.18 Million |
| 2018 | 1.77% | 1.89% | 0.55x | 1.72x | NT$-100.05 Million |
| 2019 | -5.41% | -6.55% | 0.50x | 1.66x | NT$-169.65 Million |
| 2020 | -1.51% | -2.19% | 0.44x | 1.55x | NT$-127.06 Million |
| 2021 | 0.59% | 0.68% | 0.53x | 1.63x | NT$-104.04 Million |
| 2022 | 5.20% | 6.97% | 0.51x | 1.46x | NT$-57.06 Million |
| 2023 | -2.21% | -3.34% | 0.44x | 1.49x | NT$-132.62 Million |
| 2024 | 4.58% | 5.32% | 0.56x | 1.53x | NT$-51.72 Million |
Industry Comparison
This section compares Ledtech Electronics 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: $5,443,854,100
- Average return on equity (ROE) among peers: 15.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ledtech Electronics Corp (6164) | NT$891.89 Million | 11.27% | 0.68x | $29.59 Million |
| Shihlin Electric & Engineering Corp (1503) | $12.57 Billion | 8.24% | 1.01x | $1.64 Billion |
| Allis Electric Co Ltd (1514) | $2.89 Billion | 7.47% | 0.97x | $721.68 Million |
| Fortune Electric Co Ltd (1519) | $3.07 Billion | 22.96% | 1.33x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $1.06 Billion | 4.03% | 0.77x | $95.39 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.92 Billion | 25.10% | 0.48x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.02 Billion | 8.63% | 0.64x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $9.01 Billion | 15.42% | 0.52x | $104.26 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $9.13 Billion | 9.31% | 1.76x | $714.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.82 Billion | 34.51% | 0.12x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $2.95 Billion | 17.78% | 0.52x | $96.72 Million |