Systex Corp (6214) - Net Assets
Based on the latest financial reports, Systex Corp (6214) has net assets worth NT$19.07 Billion TWD (≈ $600.91 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$38.07 Billion ≈ $1.20 Billion USD) and total liabilities (NT$19.00 Billion ≈ $598.53 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 financial resilience of Systex Corp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$19.07 Billion |
| % of Total Assets | 50.1% |
| Annual Growth Rate | 10.53% |
| 5-Year Change | 38.1% |
| 10-Year Change | 49.49% |
| Growth Volatility | 78.57 |
Systex Corp - Net Assets Trend (2002–2025)
This chart illustrates how Systex Corp's net assets have evolved over time, based on quarterly financial data. Also explore Systex Corp total assets for the complete picture of this company's asset base.
Annual Net Assets for Systex Corp (2002–2025)
The table below shows the annual net assets of Systex Corp from 2002 to 2025. For live valuation and market cap data, see market cap of Systex Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$19.07 Billion ≈ $600.91 Million |
+4.06% |
| 2024-12-31 | NT$18.33 Billion ≈ $577.49 Million |
+24.08% |
| 2023-12-31 | NT$14.77 Billion ≈ $465.42 Million |
+1.13% |
| 2022-12-31 | NT$14.61 Billion ≈ $460.23 Million |
+5.77% |
| 2021-12-31 | NT$13.81 Billion ≈ $435.13 Million |
+1.18% |
| 2020-12-31 | NT$13.65 Billion ≈ $430.03 Million |
+1.24% |
| 2019-12-31 | NT$13.48 Billion ≈ $424.76 Million |
+2.18% |
| 2018-12-31 | NT$13.19 Billion ≈ $415.71 Million |
+7.08% |
| 2017-12-31 | NT$12.32 Billion ≈ $388.22 Million |
-3.43% |
| 2016-12-31 | NT$12.76 Billion ≈ $401.98 Million |
-3.03% |
| 2015-12-31 | NT$13.16 Billion ≈ $414.54 Million |
-2.60% |
| 2014-12-31 | NT$13.51 Billion ≈ $425.62 Million |
+3.09% |
| 2013-12-31 | NT$13.10 Billion ≈ $412.84 Million |
+2.65% |
| 2012-12-31 | NT$12.77 Billion ≈ $402.20 Million |
-3.18% |
| 2011-12-31 | NT$13.19 Billion ≈ $415.42 Million |
-4.45% |
| 2010-12-31 | NT$13.80 Billion ≈ $434.75 Million |
+2.26% |
| 2009-12-31 | NT$13.49 Billion ≈ $425.14 Million |
+10.55% |
| 2008-12-31 | NT$12.21 Billion ≈ $384.58 Million |
-22.55% |
| 2007-12-31 | NT$15.76 Billion ≈ $496.58 Million |
+386.34% |
| 2006-12-31 | NT$3.24 Billion ≈ $102.10 Million |
+16.56% |
| 2005-12-31 | NT$2.78 Billion ≈ $87.60 Million |
+10.82% |
| 2004-12-31 | NT$2.51 Billion ≈ $79.05 Million |
+20.65% |
| 2003-12-31 | NT$2.08 Billion ≈ $65.52 Million |
+8.98% |
| 2002-12-31 | NT$1.91 Billion ≈ $60.12 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Systex 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 925.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.24 Billion | 28.71% |
| Common Stock | NT$2.72 Billion | 14.93% |
| Other Comprehensive Income | NT$1.82 Billion | 9.97% |
| Other Components | NT$8.46 Billion | 46.39% |
| Total Equity | NT$18.24 Billion | 100.00% |
Systex Corp Competitors by Market Cap
The table below lists competitors of Systex Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou Kingswood Printing Ink Co Ltd
SHE:300192
|
$948.35 Million |
|
AMAG Austria Metall AG
VI:AMAG
|
$948.60 Million |
|
Panca Anugrah Wisesa Tbk PT
JK:MGLV
|
$948.76 Million |
|
Beijing Join-Cheer Software Co Ltd
SHE:002279
|
$948.78 Million |
|
Zhejiang Mtcn Technology Co Ltd
SHE:003026
|
$948.18 Million |
|
Guangdong Hotata Technology Group Co Ltd Class A
SHG:603848
|
$948.04 Million |
|
TAG Colonia-Immobilien AG
HM:KBU
|
$947.61 Million |
|
Guangdong Meiyan Jixiang Hydropower Co Ltd
SHG:600868
|
$947.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Systex Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,730,382,000 to 18,238,401,000, a change of 508,019,000 (2.9%).
- Net income of 2,149,197,000 contributed positively to equity growth.
- Dividend payments of 1,415,654,000 reduced retained earnings.
- New share issuances of 64,875,000 increased equity.
- Other comprehensive income increased equity by 2,033,934,999.
- Other factors decreased equity by 2,324,333,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.15 Billion | +11.78% |
| Dividends Paid | NT$1.42 Billion | -7.76% |
| Share Issuances | NT$64.88 Million | +0.36% |
| Other Comprehensive Income | NT$2.03 Billion | +11.15% |
| Other Changes | NT$-2.32 Billion | -12.74% |
| Total Change | NT$- | 2.87% |
Book Value vs Market Value Analysis
This analysis compares Systex 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: 1.94x
- 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 2.24x to 1.94x 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$53.65 | NT$120.00 | x |
| 2010-12-31 | NT$54.85 | NT$120.00 | x |
| 2011-12-31 | NT$53.88 | NT$120.00 | x |
| 2012-12-31 | NT$53.10 | NT$120.00 | x |
| 2013-12-31 | NT$54.37 | NT$120.00 | x |
| 2014-12-31 | NT$55.08 | NT$120.00 | x |
| 2015-12-31 | NT$53.15 | NT$120.00 | x |
| 2016-12-31 | NT$47.25 | NT$120.00 | x |
| 2017-12-31 | NT$49.88 | NT$120.00 | x |
| 2018-12-31 | NT$53.24 | NT$120.00 | x |
| 2019-12-31 | NT$53.96 | NT$120.00 | x |
| 2020-12-31 | NT$54.30 | NT$120.00 | x |
| 2021-12-31 | NT$54.33 | NT$120.00 | x |
| 2022-12-31 | NT$56.60 | NT$120.00 | x |
| 2023-12-31 | NT$57.36 | NT$120.00 | x |
| 2024-12-31 | NT$69.21 | NT$120.00 | x |
| 2025-12-31 | NT$61.98 | NT$120.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Systex 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): 11.78%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.89%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 2.09x
- Recent ROE (11.78%) is above the historical average (9.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 22.48% | 37.34% | 0.46x | 1.30x | NT$238.11 Million |
| 2003 | 16.80% | 25.22% | 0.55x | 1.21x | NT$141.51 Million |
| 2004 | 13.06% | 13.60% | 0.71x | 1.35x | NT$76.89 Million |
| 2005 | 11.40% | 8.93% | 0.92x | 1.38x | NT$38.97 Million |
| 2006 | 9.45% | 7.60% | 0.94x | 1.33x | NT$-17.96 Million |
| 2007 | 6.58% | 8.32% | 0.60x | 1.32x | NT$-498.86 Million |
| 2009 | 10.76% | 11.19% | 0.77x | 1.25x | NT$99.31 Million |
| 2010 | 7.84% | 8.14% | 0.74x | 1.30x | NT$-286.78 Million |
| 2011 | 1.14% | 1.07% | 0.77x | 1.38x | NT$-1.13 Billion |
| 2012 | 2.39% | 2.05% | 0.84x | 1.39x | NT$-949.61 Million |
| 2013 | 6.42% | 5.30% | 0.85x | 1.42x | NT$-463.49 Million |
| 2014 | 5.54% | 4.71% | 0.85x | 1.38x | NT$-598.45 Million |
| 2015 | 4.31% | 3.46% | 0.87x | 1.42x | NT$-745.89 Million |
| 2016 | 8.71% | 6.84% | 0.85x | 1.50x | NT$-164.55 Million |
| 2017 | 9.60% | 6.98% | 0.87x | 1.58x | NT$-49.29 Million |
| 2018 | 8.01% | 5.39% | 0.98x | 1.52x | NT$-261.16 Million |
| 2019 | 13.50% | 8.20% | 1.02x | 1.61x | NT$468.78 Million |
| 2020 | 12.33% | 7.02% | 1.08x | 1.63x | NT$315.43 Million |
| 2021 | 8.99% | 4.11% | 1.11x | 1.97x | NT$-136.42 Million |
| 2022 | 7.76% | 3.29% | 1.11x | 2.13x | NT$-315.59 Million |
| 2023 | 10.47% | 4.25% | 1.15x | 2.14x | NT$67.02 Million |
| 2024 | 11.04% | 5.03% | 1.12x | 1.96x | NT$184.39 Million |
| 2025 | 11.78% | 4.89% | 1.15x | 2.09x | NT$325.36 Million |
Industry Comparison
This section compares Systex Corp's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $2,406,606,556
- Average return on equity (ROE) among peers: 10.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Systex Corp (6214) | NT$19.07 Billion | 22.48% | 1.00x | $948.31 Million |
| Kwong Fong Industries Corp (1416) | $6.16 Billion | 0.00% | 0.85x | $66.57 Million |
| Syscom Computer Engineering Co (2453) | $2.18 Billion | 14.03% | 1.23x | $168.55 Million |
| Fortune Information Systems Corp (2468) | $1.08 Billion | 2.87% | 0.50x | $73.84 Million |
| Ares International Corp (2471) | $747.21 Million | 8.23% | 0.48x | $78.31 Million |
| Jetwell Computer Co Ltd (3147) | $1.27 Billion | 22.59% | 1.36x | $236.74 Million |
| Wistron Information Technology & Services (4953) | $3.82 Billion | 11.90% | 0.48x | $268.31 Million |
| Sysage Technology Co Ltd (6112) | $4.55 Billion | 12.08% | 0.79x | $271.20 Million |
| Genesis Technology (6221) | $869.80 Million | 14.81% | 1.88x | $138.10 Million |
| Tatung System Technologies (8099) | $975.61 Million | 11.92% | 1.02x | $202.41 Million |
About Systex Corp
Systex Corporation provides various IT services for enterprise and government clients in Taiwan and Asia. It operates through Financial Business Integration, Consumer Market Integration, Digital Ecosystem Integration, Commercial Software Service Integration, China Group, and Investment Department segments. The Financial Business Integration segment provides financial technologies and develops sma… Read more