Dafeng TV Ltd (6184) - Net Assets
Based on the latest financial reports, Dafeng TV Ltd (6184) has net assets worth NT$5.25 Billion TWD (≈ $165.45 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$8.65 Billion ≈ $272.45 Million USD) and total liabilities (NT$3.40 Billion ≈ $107.00 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 Dafeng TV Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$5.25 Billion |
| % of Total Assets | 60.73% |
| Annual Growth Rate | 9.66% |
| 5-Year Change | 8.79% |
| 10-Year Change | -5.83% |
| Growth Volatility | 20.39 |
Dafeng TV Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Dafeng TV Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 6184 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Dafeng TV Ltd (2002–2024)
The table below shows the annual net assets of Dafeng TV Ltd from 2002 to 2024. For live valuation and market cap data, see 6184 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.64 Billion ≈ $146.10 Million |
+3.30% |
| 2023-12-31 | NT$4.49 Billion ≈ $141.44 Million |
+1.73% |
| 2022-12-31 | NT$4.41 Billion ≈ $139.04 Million |
+1.70% |
| 2021-12-31 | NT$4.34 Billion ≈ $136.72 Million |
+1.80% |
| 2020-12-31 | NT$4.26 Billion ≈ $134.30 Million |
+1.32% |
| 2019-12-31 | NT$4.21 Billion ≈ $132.55 Million |
+2.72% |
| 2018-12-31 | NT$4.10 Billion ≈ $129.04 Million |
-16.45% |
| 2017-12-31 | NT$4.90 Billion ≈ $154.44 Million |
+6.40% |
| 2016-12-31 | NT$4.61 Billion ≈ $145.15 Million |
-6.45% |
| 2015-12-31 | NT$4.92 Billion ≈ $155.15 Million |
+0.21% |
| 2014-12-31 | NT$4.91 Billion ≈ $154.82 Million |
+52.21% |
| 2013-12-31 | NT$3.23 Billion ≈ $101.72 Million |
+41.71% |
| 2012-12-31 | NT$2.28 Billion ≈ $71.78 Million |
+45.02% |
| 2011-12-31 | NT$1.57 Billion ≈ $49.50 Million |
+9.30% |
| 2010-12-31 | NT$1.44 Billion ≈ $45.28 Million |
+7.12% |
| 2009-12-31 | NT$1.34 Billion ≈ $42.28 Million |
+7.77% |
| 2008-12-31 | NT$1.25 Billion ≈ $39.23 Million |
-2.33% |
| 2007-12-31 | NT$1.27 Billion ≈ $40.16 Million |
+6.53% |
| 2006-12-31 | NT$1.20 Billion ≈ $37.70 Million |
+5.99% |
| 2005-12-31 | NT$1.13 Billion ≈ $35.57 Million |
+2.04% |
| 2004-12-31 | NT$1.11 Billion ≈ $34.86 Million |
+68.70% |
| 2003-12-31 | NT$655.86 Million ≈ $20.66 Million |
+7.56% |
| 2002-12-31 | NT$609.75 Million ≈ $19.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dafeng TV 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 275.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$535.76 Million | 11.55% |
| Common Stock | NT$1.58 Billion | 34.12% |
| Other Comprehensive Income | NT$703.36 Million | 15.17% |
| Other Components | NT$1.82 Billion | 39.16% |
| Total Equity | NT$4.64 Billion | 100.00% |
Dafeng TV Ltd Competitors by Market Cap
The table below lists competitors of Dafeng TV Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Boilermech Holdings Bhd
KLSE:0168
|
$224.49 Million |
|
Sidus Space Inc
NASDAQ:SIDU
|
$224.50 Million |
|
Kalyani Investment Company Limited
NSE:KICL
|
$224.51 Million |
|
LongDa Construction & Development Corp
TW:5519
|
$224.79 Million |
|
Deutsche Real Estate AG
F:DRE2
|
$224.35 Million |
|
Kimteks Poliuretan Sanayi ve Ticaret AS
IS:KMPUR
|
$224.33 Million |
|
Taigen Biopharmaceuticals Holdings Ltd
TWO:4157
|
$224.27 Million |
|
Zwack Unicum Likoripari es Kereskedelmi Nyrt.
BUD:ZWACK
|
$224.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dafeng TV Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,489,487,000 to 4,637,424,000, a change of 147,937,000 (3.3%).
- Net income of 531,900,000 contributed positively to equity growth.
- Dividend payments of 439,002,000 reduced retained earnings.
- Share repurchases of 5,932,000 reduced equity.
- Other comprehensive income increased equity by 110,419,000.
- Other factors decreased equity by 49,448,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$531.90 Million | +11.47% |
| Dividends Paid | NT$439.00 Million | -9.47% |
| Share Repurchases | NT$5.93 Million | -0.13% |
| Other Comprehensive Income | NT$110.42 Million | +2.38% |
| Other Changes | NT$-49.45 Million | -1.07% |
| Total Change | NT$- | 3.30% |
Book Value vs Market Value Analysis
This analysis compares Dafeng TV 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: 1.74x
- 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 3.35x to 1.74x 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$13.98 | NT$46.80 | x |
| 2010-12-31 | NT$14.99 | NT$46.80 | x |
| 2011-12-31 | NT$16.37 | NT$46.80 | x |
| 2012-12-31 | NT$17.84 | NT$46.80 | x |
| 2013-12-31 | NT$16.64 | NT$46.80 | x |
| 2014-12-31 | NT$32.62 | NT$46.80 | x |
| 2015-12-31 | NT$24.34 | NT$46.80 | x |
| 2016-12-31 | NT$26.55 | NT$46.80 | x |
| 2017-12-31 | NT$22.25 | NT$46.80 | x |
| 2018-12-31 | NT$21.26 | NT$46.80 | x |
| 2019-12-31 | NT$28.35 | NT$46.80 | x |
| 2020-12-31 | NT$28.73 | NT$46.80 | x |
| 2021-12-31 | NT$29.25 | NT$46.80 | x |
| 2022-12-31 | NT$29.74 | NT$46.80 | x |
| 2023-12-31 | NT$30.26 | NT$46.80 | x |
| 2024-12-31 | NT$26.97 | NT$46.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dafeng TV 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): 11.47%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.10%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.57x
- Recent ROE (11.47%) is below the historical average (14.28%), 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 | 21.73% | 27.78% | 0.63x | 1.23x | NT$71.52 Million |
| 2003 | 25.71% | 33.41% | 0.61x | 1.27x | NT$103.03 Million |
| 2004 | 17.79% | 36.64% | 0.44x | 1.11x | NT$86.22 Million |
| 2005 | 19.16% | 37.68% | 0.46x | 1.11x | NT$103.47 Million |
| 2006 | 20.05% | 41.26% | 0.43x | 1.12x | NT$120.28 Million |
| 2007 | 19.49% | 39.11% | 0.45x | 1.10x | NT$120.93 Million |
| 2008 | 15.38% | 30.27% | 0.44x | 1.15x | NT$67.00 Million |
| 2009 | 19.54% | 40.80% | 0.42x | 1.15x | NT$128.05 Million |
| 2010 | 20.74% | 45.91% | 0.39x | 1.15x | NT$154.36 Million |
| 2011 | 18.20% | 44.65% | 0.36x | 1.12x | NT$128.77 Million |
| 2012 | 18.32% | 42.93% | 0.28x | 1.50x | NT$142.28 Million |
| 2013 | 14.46% | 31.28% | 0.16x | 2.95x | NT$79.25 Million |
| 2014 | 7.97% | 35.05% | 0.11x | 2.09x | NT$-83.43 Million |
| 2015 | 7.32% | 18.28% | 0.20x | 2.02x | NT$-111.74 Million |
| 2016 | -4.71% | -11.28% | 0.18x | 2.31x | NT$-579.36 Million |
| 2017 | 8.31% | 18.73% | 0.21x | 2.15x | NT$-71.47 Million |
| 2018 | 8.60% | 17.83% | 0.19x | 2.58x | NT$-57.52 Million |
| 2019 | 11.94% | 25.03% | 0.25x | 1.90x | NT$81.58 Million |
| 2020 | 11.76% | 25.00% | 0.27x | 1.76x | NT$74.98 Million |
| 2021 | 11.99% | 25.94% | 0.26x | 1.75x | NT$86.47 Million |
| 2022 | 11.69% | 25.62% | 0.26x | 1.77x | NT$74.44 Million |
| 2023 | 11.62% | 25.21% | 0.30x | 1.51x | NT$72.60 Million |
| 2024 | 11.47% | 25.10% | 0.29x | 1.57x | NT$68.16 Million |
Industry Comparison
This section compares Dafeng TV Ltd's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $1,869,179,000
- Average return on equity (ROE) among peers: 8.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dafeng TV Ltd (6184) | NT$5.25 Billion | 21.73% | 0.65x | $224.43 Million |
| Deltamac Taiwan Co Ltd (6144) | $313.73 Million | -7.00% | 0.15x | $18.51 Million |
| Taiwan Optical Platform Co Ltd (6464) | $6.55 Billion | 10.64% | 2.04x | $308.76 Million |
| Kuang Hong Arts Management (6596) | $708.10 Million | 31.58% | 0.49x | $119.72 Million |
| B’IN Live Co Ltd (6625) | $646.79 Million | -20.39% | 0.70x | $133.70 Million |
| HIM International Music (8446) | $1.33 Billion | 35.90% | 0.85x | $140.70 Million |
| Pili International Multimedia Co Ltd (8450) | $1.66 Billion | 0.25% | 0.28x | $26.67 Million |
About Dafeng TV Ltd
Dafeng TV Ltd., together with its subsidiaries, engages in cable television system and broadband business in Taiwan. The company leases videos, broadband, channels, and circuits. It is also involved in the cable installation engineering, management consulting, and general advertising activities. The company was formerly known as Dah Fung CATV Co. Ltd. and changed its name to Dafeng TV Ltd. in Dec… Read more