DrayTek Corp
DrayTek Corporation engages in the research, development, production, and sale of wired and wireless communication machinery and equipment in Taiwan, Europe, Asia, Central and South America, and internationally. The company offers VPN, load balancing, DSL modem, cellular, and fiber routers; access points; managed PoE switches; and accessories, including rack-mount brackets, USB termometers, indoo… Read more
DrayTek Corp (6216) - Net Assets
Latest net assets as of September 2025: NT$1.72 Billion TWD
Based on the latest financial reports, DrayTek Corp (6216) has net assets worth NT$1.72 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$1.90 Billion) and total liabilities (NT$172.97 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$1.72 Billion |
| % of Total Assets | 90.88% |
| Annual Growth Rate | 6.62% |
| 5-Year Change | 25.32% |
| 10-Year Change | 38.12% |
| Growth Volatility | 16.52 |
DrayTek Corp - Net Assets Trend (2002–2024)
This chart illustrates how DrayTek 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 DrayTek Corp (2002–2024)
The table below shows the annual net assets of DrayTek Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.89 Billion | +11.03% |
| 2023-12-31 | NT$1.70 Billion | +0.93% |
| 2022-12-31 | NT$1.68 Billion | +6.44% |
| 2021-12-31 | NT$1.58 Billion | +5.08% |
| 2020-12-31 | NT$1.51 Billion | -0.92% |
| 2019-12-31 | NT$1.52 Billion | +2.40% |
| 2018-12-31 | NT$1.48 Billion | +4.21% |
| 2017-12-31 | NT$1.42 Billion | +1.28% |
| 2016-12-31 | NT$1.41 Billion | +2.91% |
| 2015-12-31 | NT$1.37 Billion | +7.39% |
| 2014-12-31 | NT$1.27 Billion | +9.55% |
| 2013-12-31 | NT$1.16 Billion | +6.67% |
| 2012-12-31 | NT$1.09 Billion | -4.24% |
| 2011-12-31 | NT$1.14 Billion | +5.21% |
| 2010-12-31 | NT$1.08 Billion | -1.30% |
| 2009-12-31 | NT$1.09 Billion | +1.74% |
| 2008-12-31 | NT$1.08 Billion | -13.00% |
| 2007-12-31 | NT$1.24 Billion | +18.78% |
| 2006-12-31 | NT$1.04 Billion | +17.14% |
| 2005-12-31 | NT$889.02 Million | -7.31% |
| 2004-12-31 | NT$959.09 Million | +19.22% |
| 2003-12-31 | NT$804.44 Million | +74.71% |
| 2002-12-31 | NT$460.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to DrayTek 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 75.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$271.63 Million | 14.39% |
| Common Stock | NT$955.83 Million | 50.65% |
| Other Components | NT$659.82 Million | 34.96% |
| Total Equity | NT$1.89 Billion | 100.00% |
DrayTek Corp Competitors by Market Cap
The table below lists competitors of DrayTek Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Societe Marseillaise du Tunnel Prado Carenage S.A.
LSE:0G2C
|
$54.57 Million |
|
AS Tallink Grupp
HE:TALLINK
|
$54.57 Million |
|
51 CREDIT CARD DL-00001
F:2JY
|
$54.58 Million |
|
IMAGI INTL NEW HD-04
F:BOI7
|
$54.59 Million |
|
Hycon Technology
TWO:6457
|
$54.56 Million |
|
ZOOZ Strategy Ltd.
TA:ZOOZ
|
$54.54 Million |
|
S Hotels and Resorts Public Company Limited
BK:SHR
|
$54.52 Million |
|
AI TRANSPORTATION ACQUISITION CORP Unit
NASDAQ:AITRU
|
$54.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DrayTek Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,699,829,000 to 1,887,285,000, a change of 187,456,000 (11.0%).
- Net income of 271,627,000 contributed positively to equity growth.
- Dividend payments of 157,095,000 reduced retained earnings.
- New share issuances of 60,501,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$271.63 Million | +14.39% |
| Dividends Paid | NT$157.09 Million | -8.32% |
| Share Issuances | NT$60.50 Million | +3.21% |
| Other Changes | NT$12.42 Million | +0.66% |
| Total Change | NT$- | 11.03% |
Book Value vs Market Value Analysis
This analysis compares DrayTek 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: 1.33x
- 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 1.76x to 1.33x 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$14.50 | NT$25.50 | x |
| 2010-12-31 | NT$14.24 | NT$25.50 | x |
| 2011-12-31 | NT$14.94 | NT$25.50 | x |
| 2012-12-31 | NT$14.28 | NT$25.50 | x |
| 2013-12-31 | NT$15.19 | NT$25.50 | x |
| 2014-12-31 | NT$15.94 | NT$25.50 | x |
| 2015-12-31 | NT$16.95 | NT$25.50 | x |
| 2016-12-31 | NT$17.21 | NT$25.50 | x |
| 2017-12-31 | NT$16.91 | NT$25.50 | x |
| 2018-12-31 | NT$17.61 | NT$25.50 | x |
| 2019-12-31 | NT$17.68 | NT$25.50 | x |
| 2020-12-31 | NT$17.33 | NT$25.50 | x |
| 2021-12-31 | NT$17.89 | NT$25.50 | x |
| 2022-12-31 | NT$18.26 | NT$25.50 | x |
| 2023-12-31 | NT$18.06 | NT$25.50 | x |
| 2024-12-31 | NT$19.24 | NT$25.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DrayTek 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): 14.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.05%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.12x
- Recent ROE (14.39%) is below the historical average (15.22%), 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 | 33.60% | 25.74% | 1.02x | 1.27x | NT$108.64 Million |
| 2003 | 42.73% | 31.27% | 1.01x | 1.35x | NT$263.29 Million |
| 2004 | 30.24% | 30.02% | 0.85x | 1.19x | NT$194.08 Million |
| 2005 | 12.34% | 15.86% | 0.64x | 1.21x | NT$20.76 Million |
| 2006 | 10.94% | 14.94% | 0.66x | 1.11x | NT$9.83 Million |
| 2007 | 18.52% | 22.43% | 0.77x | 1.08x | NT$105.36 Million |
| 2008 | 12.22% | 16.12% | 0.67x | 1.13x | NT$23.85 Million |
| 2009 | 11.66% | 13.20% | 0.77x | 1.15x | NT$18.12 Million |
| 2010 | 9.05% | 10.88% | 0.74x | 1.13x | NT$-10.23 Million |
| 2011 | 11.33% | 15.07% | 0.66x | 1.14x | NT$15.10 Million |
| 2012 | 10.37% | 13.94% | 0.65x | 1.14x | NT$4.03 Million |
| 2013 | 12.91% | 18.11% | 0.61x | 1.17x | NT$33.82 Million |
| 2014 | 14.58% | 17.99% | 0.69x | 1.18x | NT$58.30 Million |
| 2015 | 16.88% | 21.16% | 0.67x | 1.20x | NT$94.00 Million |
| 2016 | 17.13% | 21.09% | 0.65x | 1.24x | NT$100.32 Million |
| 2017 | 13.58% | 19.71% | 0.60x | 1.16x | NT$51.03 Million |
| 2018 | 12.65% | 19.04% | 0.58x | 1.14x | NT$39.32 Million |
| 2019 | 9.97% | 16.45% | 0.54x | 1.12x | NT$-406.70K |
| 2020 | 7.22% | 12.92% | 0.50x | 1.11x | NT$-41.87 Million |
| 2021 | 10.17% | 17.29% | 0.53x | 1.12x | NT$2.71 Million |
| 2022 | 10.44% | 19.55% | 0.48x | 1.12x | NT$7.41 Million |
| 2023 | 7.23% | 15.86% | 0.41x | 1.10x | NT$-47.01 Million |
| 2024 | 14.39% | 23.05% | 0.56x | 1.12x | NT$82.90 Million |
Industry Comparison
This section compares DrayTek 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 |
|---|---|---|---|---|
| DrayTek Corp (6216) | NT$1.72 Billion | 33.60% | 0.10x | $54.57 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 |