Caswell Inc (6416) - Net Assets
Based on the latest financial reports, Caswell Inc (6416) has net assets worth NT$3.55 Billion TWD (≈ $111.96 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.47 Billion ≈ $172.41 Million USD) and total liabilities (NT$1.92 Billion ≈ $60.46 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 6416 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.55 Billion |
| % of Total Assets | 64.94% |
| Annual Growth Rate | 13.57% |
| 5-Year Change | 13.22% |
| 10-Year Change | 186.82% |
| Growth Volatility | 17.75 |
Caswell Inc - Net Assets Trend (2010–2024)
This chart illustrates how Caswell Inc's net assets have evolved over time, based on quarterly financial data. Also explore 6416 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Caswell Inc (2010–2024)
The table below shows the annual net assets of Caswell Inc from 2010 to 2024. For live valuation and market cap data, see Caswell Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.68 Billion ≈ $115.81 Million |
+2.49% |
| 2023-12-31 | NT$3.59 Billion ≈ $112.99 Million |
+1.18% |
| 2022-12-31 | NT$3.54 Billion ≈ $111.68 Million |
+9.87% |
| 2021-12-31 | NT$3.23 Billion ≈ $101.65 Million |
-0.63% |
| 2020-12-31 | NT$3.25 Billion ≈ $102.29 Million |
+18.09% |
| 2019-12-31 | NT$2.75 Billion ≈ $86.62 Million |
+10.59% |
| 2018-12-31 | NT$2.49 Billion ≈ $78.32 Million |
+73.78% |
| 2017-12-31 | NT$1.43 Billion ≈ $45.07 Million |
+2.57% |
| 2016-12-31 | NT$1.39 Billion ≈ $43.94 Million |
+8.82% |
| 2015-12-31 | NT$1.28 Billion ≈ $40.38 Million |
+14.34% |
| 2014-12-31 | NT$1.12 Billion ≈ $35.31 Million |
+17.39% |
| 2013-12-31 | NT$954.83 Million ≈ $30.08 Million |
+7.34% |
| 2012-12-31 | NT$889.52 Million ≈ $28.02 Million |
+18.14% |
| 2011-12-31 | NT$752.92 Million ≈ $23.72 Million |
+21.68% |
| 2010-12-31 | NT$618.79 Million ≈ $19.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Caswell Inc'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 612.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$961.07 Million | 27.33% |
| Other Components | NT$2.56 Billion | 72.67% |
| Total Equity | NT$3.52 Billion | 100.00% |
Caswell Inc Competitors by Market Cap
The table below lists competitors of Caswell Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank Artha Graha Internasional
JK:INPC
|
$187.23 Million |
|
D2L Inc
TO:DTOL
|
$187.25 Million |
|
Daewon Sanup Co. Ltd
KQ:005710
|
$187.26 Million |
|
J.Jill Inc
NYSE:JILL
|
$187.43 Million |
|
Ard Grup Bilisim Teknolojileri AS
IS:ARDYZ
|
$187.12 Million |
|
India Pesticides Limited
NSE:IPL
|
$187.07 Million |
|
Genova Property Group AB
ST:GPG
|
$187.05 Million |
|
Accelya Solutions India Limited
NSE:ACCELYA
|
$187.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Caswell Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,401,466,000 to 3,516,252,000, a change of 114,786,000 (3.4%).
- Net income of 330,082,000 contributed positively to equity growth.
- Dividend payments of 205,376,000 reduced retained earnings.
- Other comprehensive income decreased equity by 343,750,000.
- Other factors increased equity by 333,830,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$330.08 Million | +9.39% |
| Dividends Paid | NT$205.38 Million | -5.84% |
| Other Comprehensive Income | NT$-343.75 Million | -9.78% |
| Other Changes | NT$333.83 Million | +9.49% |
| Total Change | NT$- | 3.37% |
Book Value vs Market Value Analysis
This analysis compares Caswell Inc'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: 1.69x
- 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 6.19x to 1.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$13.09 | NT$81.00 | x |
| 2011-12-31 | NT$12.36 | NT$81.00 | x |
| 2012-12-31 | NT$14.56 | NT$81.00 | x |
| 2013-12-31 | NT$15.66 | NT$81.00 | x |
| 2014-12-31 | NT$18.36 | NT$81.00 | x |
| 2015-12-31 | NT$20.96 | NT$81.00 | x |
| 2016-12-31 | NT$22.72 | NT$81.00 | x |
| 2017-12-31 | NT$23.36 | NT$81.00 | x |
| 2018-12-31 | NT$37.28 | NT$81.00 | x |
| 2019-12-31 | NT$37.37 | NT$81.00 | x |
| 2020-12-31 | NT$42.56 | NT$81.00 | x |
| 2021-12-31 | NT$40.67 | NT$81.00 | x |
| 2022-12-31 | NT$44.46 | NT$81.00 | x |
| 2023-12-31 | NT$46.17 | NT$81.00 | x |
| 2024-12-31 | NT$47.94 | NT$81.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Caswell Inc 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): 9.39%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.76%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.61x
- Recent ROE (9.39%) is below the historical average (17.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 20.70% | 6.62% | 2.00x | 1.56x | NT$64.65 Million |
| 2011 | 15.86% | 5.87% | 2.02x | 1.34x | NT$44.12 Million |
| 2012 | 21.75% | 8.52% | 1.96x | 1.30x | NT$104.51 Million |
| 2013 | 19.34% | 8.45% | 1.73x | 1.32x | NT$89.14 Million |
| 2014 | 20.37% | 8.48% | 1.73x | 1.39x | NT$116.18 Million |
| 2015 | 28.87% | 10.30% | 1.54x | 1.82x | NT$238.63 Million |
| 2016 | 29.21% | 10.93% | 1.59x | 1.69x | NT$263.44 Million |
| 2017 | 23.95% | 8.34% | 1.55x | 1.86x | NT$195.99 Million |
| 2018 | 14.51% | 8.38% | 1.11x | 1.55x | NT$110.68 Million |
| 2019 | 11.44% | 6.52% | 1.06x | 1.65x | NT$36.44 Million |
| 2020 | 12.10% | 6.81% | 1.12x | 1.58x | NT$64.61 Million |
| 2021 | 7.20% | 4.70% | 0.94x | 1.63x | NT$-85.18 Million |
| 2022 | 12.82% | 8.60% | 0.94x | 1.59x | NT$94.34 Million |
| 2023 | 9.49% | 7.90% | 0.75x | 1.60x | NT$-17.44 Million |
| 2024 | 9.39% | 7.76% | 0.75x | 1.61x | NT$-21.54 Million |
Industry Comparison
This section compares Caswell Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $3,545,987,700
- Average return on equity (ROE) among peers: 5.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Caswell Inc (6416) | NT$3.55 Billion | 20.70% | 0.54x | $187.18 Million |
| Microelectronics Technology Inc (2314) | $5.20 Billion | 8.15% | 0.60x | $47.14 Million |
| Tecom Co Ltd (2321) | $547.52 Million | 8.67% | 4.30x | $12.46 Million |
| D-Link Corp (2332) | $8.93 Billion | -4.95% | 0.76x | $260.42 Million |
| Accton Technology Corp (2345) | $7.06 Billion | 14.25% | 0.92x | $40.15 Billion |
| Hitron Technologies Inc (2419) | $3.48 Billion | 4.27% | 1.04x | $306.23 Million |
| Abocom Systems Inc (2444) | $1.36 Billion | 7.88% | 0.70x | $42.72 Million |
| Zinwell Corporation (2485) | $2.25 Billion | 6.82% | 0.17x | $587.53 Million |
| Loop Telecommunication International Inc (3025) | $787.95 Million | -5.56% | 0.24x | $107.43 Million |
| Edimax Technology Co Ltd (3047) | $2.49 Billion | 3.33% | 1.52x | $102.61 Million |
| CyberTAN Technology Inc (3062) | $3.36 Billion | 9.59% | 1.88x | $257.39 Million |
About Caswell Inc
CASwell, Inc. operates in network security appliance industry in Taiwan, the United States, Israel, China, the United Kingdom, France, and internationally. The company engages in the manufacturing of electronic components, computers, and their peripherals, as well as wholesale of electronic materials and information services. It offers network security and management products, such as 2U, 1U, fan… Read more