Waffer Technology Corp
Waffer Technology Corporation engages in the production and sale of magnesium aluminum alloy molded products in the Mainland of China, Taiwan, Vietnam, Germany, the United States, and internationally. The company's products include cosmetic and internal parts for notebooks; handheld scanners and mobile phone parts; camera, video cam, projector, and monitoring optical parts; and auto parts, as wel… Read more
Waffer Technology Corp (6235) - Net Assets
Latest net assets as of September 2025: NT$4.68 Billion TWD
Based on the latest financial reports, Waffer Technology Corp (6235) has net assets worth NT$4.68 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$9.95 Billion) and total liabilities (NT$5.27 Billion). 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$4.68 Billion |
| % of Total Assets | 47.07% |
| Annual Growth Rate | 3.86% |
| 5-Year Change | 100.07% |
| 10-Year Change | 260.92% |
| Growth Volatility | 27.51 |
Waffer Technology Corp - Net Assets Trend (2002–2024)
This chart illustrates how Waffer Technology 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 Waffer Technology Corp (2002–2024)
The table below shows the annual net assets of Waffer Technology Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.76 Billion | +20.09% |
| 2023-12-31 | NT$3.96 Billion | +19.70% |
| 2022-12-31 | NT$3.31 Billion | +33.96% |
| 2021-12-31 | NT$2.47 Billion | +3.90% |
| 2020-12-31 | NT$2.38 Billion | +37.65% |
| 2019-12-31 | NT$1.73 Billion | -25.81% |
| 2018-12-31 | NT$2.33 Billion | +6.63% |
| 2017-12-31 | NT$2.18 Billion | -11.73% |
| 2016-12-31 | NT$2.47 Billion | +87.68% |
| 2015-12-31 | NT$1.32 Billion | +5.05% |
| 2014-12-31 | NT$1.25 Billion | -10.55% |
| 2013-12-31 | NT$1.40 Billion | -3.88% |
| 2012-12-31 | NT$1.46 Billion | -14.54% |
| 2011-12-31 | NT$1.71 Billion | +19.23% |
| 2010-12-31 | NT$1.43 Billion | -16.49% |
| 2009-12-31 | NT$1.71 Billion | -34.53% |
| 2008-12-31 | NT$2.62 Billion | -39.33% |
| 2007-12-31 | NT$4.32 Billion | +1.93% |
| 2006-12-31 | NT$4.24 Billion | +11.15% |
| 2005-12-31 | NT$3.81 Billion | +13.85% |
| 2004-12-31 | NT$3.35 Billion | +15.75% |
| 2003-12-31 | NT$2.89 Billion | +39.77% |
| 2002-12-31 | NT$2.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Waffer Technology 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 529.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.61 Billion | 33.92% |
| Common Stock | NT$2.00 Billion | 42.00% |
| Other Comprehensive Income | NT$581.58 Million | 12.23% |
| Other Components | NT$563.59 Million | 11.85% |
| Total Equity | NT$4.76 Billion | 100.00% |
Waffer Technology Corp Competitors by Market Cap
The table below lists competitors of Waffer Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Zhangqiu Blower Co Ltd
SHE:002598
|
$230.45 Million |
|
Lanzhou Minbai Shareholding Group Co Ltd
SHG:600738
|
$230.53 Million |
|
Zhejiang Shengda Pharm
SHG:603079
|
$230.59 Million |
|
Broedrene A&O Johansen A/S Series B
CO:AOJ-B
|
$230.65 Million |
|
Hailir Pesticides and Chemicals Group Co Ltd
SHG:603639
|
$230.41 Million |
|
Lampsa Hellenic Hotels S.A
AT:LAMPS
|
$230.40 Million |
|
Broedrene A&O Johansen A/S Pfd.
LSE:0RNT
|
$230.39 Million |
|
Paysafe Ltd
NYSE:PSFE
|
$230.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Waffer Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,961,167,000 to 4,756,908,000, a change of 795,741,000 (20.1%).
- Net income of 593,714,000 contributed positively to equity growth.
- Dividend payments of 324,885,000 reduced retained earnings.
- New share issuances of 296,753,000 increased equity.
- Other comprehensive income increased equity by 351,296,000.
- Other factors decreased equity by 121,137,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$593.71 Million | +12.48% |
| Dividends Paid | NT$324.88 Million | -6.83% |
| Share Issuances | NT$296.75 Million | +6.24% |
| Other Comprehensive Income | NT$351.30 Million | +7.38% |
| Other Changes | NT$-121.14 Million | -2.55% |
| Total Change | NT$- | 20.09% |
Book Value vs Market Value Analysis
This analysis compares Waffer Technology 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: 2.09x
- 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 4.16x to 2.09x 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$12.28 | NT$51.10 | x |
| 2010-12-31 | NT$9.88 | NT$51.10 | x |
| 2011-12-31 | NT$11.36 | NT$51.10 | x |
| 2012-12-31 | NT$8.82 | NT$51.10 | x |
| 2013-12-31 | NT$8.48 | NT$51.10 | x |
| 2014-12-31 | NT$7.58 | NT$51.10 | x |
| 2015-12-31 | NT$7.96 | NT$51.10 | x |
| 2016-12-31 | NT$14.65 | NT$51.10 | x |
| 2017-12-31 | NT$12.66 | NT$51.10 | x |
| 2018-12-31 | NT$13.45 | NT$51.10 | x |
| 2019-12-31 | NT$10.02 | NT$51.10 | x |
| 2020-12-31 | NT$13.59 | NT$51.10 | x |
| 2021-12-31 | NT$13.89 | NT$51.10 | x |
| 2022-12-31 | NT$18.49 | NT$51.10 | x |
| 2023-12-31 | NT$20.38 | NT$51.10 | x |
| 2024-12-31 | NT$24.41 | NT$51.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Waffer Technology 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): 12.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.18%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.02x
- Recent ROE (12.48%) is above the historical average (2.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 10.69% | 16.16% | 0.41x | 1.62x | NT$14.17 Million |
| 2003 | 18.29% | 22.76% | 0.48x | 1.68x | NT$239.71 Million |
| 2004 | 18.67% | 19.73% | 0.44x | 2.17x | NT$290.34 Million |
| 2005 | 6.40% | 7.35% | 0.51x | 1.72x | NT$-137.25 Million |
| 2006 | 2.43% | 2.70% | 0.49x | 1.82x | NT$-320.76 Million |
| 2007 | 0.27% | 0.25% | 0.54x | 2.01x | NT$-420.28 Million |
| 2009 | -63.97% | -45.93% | 0.59x | 2.34x | NT$-1.27 Billion |
| 2010 | -13.38% | -12.74% | 0.50x | 2.08x | NT$-334.82 Million |
| 2011 | -1.17% | -1.22% | 0.49x | 1.95x | NT$-190.75 Million |
| 2012 | -14.33% | -9.70% | 0.71x | 2.08x | NT$-355.01 Million |
| 2013 | -6.72% | -4.11% | 0.80x | 2.04x | NT$-234.50 Million |
| 2014 | -16.02% | -14.38% | 0.59x | 1.88x | NT$-326.44 Million |
| 2015 | 3.60% | 2.70% | 0.71x | 1.87x | NT$-84.32 Million |
| 2016 | 53.77% | 58.51% | 0.64x | 1.43x | NT$1.08 Billion |
| 2017 | 3.79% | 2.66% | 0.78x | 1.82x | NT$-135.61 Million |
| 2018 | 7.23% | 4.41% | 0.82x | 2.00x | NT$-64.57 Million |
| 2019 | -29.18% | -23.04% | 0.57x | 2.24x | NT$-676.77 Million |
| 2020 | 27.33% | 32.53% | 0.45x | 1.88x | NT$412.07 Million |
| 2021 | 6.67% | 5.83% | 0.55x | 2.08x | NT$-82.30 Million |
| 2022 | 9.76% | 7.77% | 0.68x | 1.84x | NT$-7.89 Million |
| 2023 | 20.26% | 13.90% | 0.70x | 2.09x | NT$406.44 Million |
| 2024 | 12.48% | 10.18% | 0.61x | 2.02x | NT$118.02 Million |
Industry Comparison
This section compares Waffer Technology Corp's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $3,188,127,500
- Average return on equity (ROE) among peers: 3.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Waffer Technology Corp (6235) | NT$4.68 Billion | 10.69% | 1.12x | $230.44 Million |
| Sun Rise E&T Corporation (1343) | $412.47 Million | 0.73% | 0.69x | $22.15 Million |
| Lee Chi Enterprises Co Ltd (1517) | $2.41 Billion | 6.15% | 0.28x | $48.28 Million |
| China Metal Products Co Ltd (1532) | $3.84 Billion | 19.44% | 3.50x | $161.98 Million |
| Bin Chuan Enterprise Co Ltd (1569) | $3.24 Billion | 12.17% | 1.18x | $144.71 Million |
| China Fineblanking Technology Co Ltd (1586) | $1.54 Billion | 2.80% | 1.77x | $49.06 Million |
| Yeong Guan Energy Technology Group Co Ltd (1589) | $2.60 Billion | 3.01% | 1.48x | $15.38 Million |
| Solar Applied Materials Technology (1785) | $12.99 Billion | 8.35% | 1.04x | $1.07 Billion |
| Chia Yi Steel Co Ltd (2067) | $296.62 Million | -41.63% | 5.31x | $4.93 Million |
| CX Technology Corp (2415) | $1.78 Billion | 10.39% | 1.04x | $47.22 Million |
| Catcher Technology Co Ltd (2474) | $2.77 Billion | 10.99% | 0.15x | $2.91 Billion |