Apogee Optocom Co Ltd (6426) - Net Assets
Based on the latest financial reports, Apogee Optocom Co Ltd (6426) has net assets worth NT$894.40 Million TWD (≈ $28.18 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$998.88 Million ≈ $31.47 Million USD) and total liabilities (NT$104.48 Million ≈ $3.29 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. Explore cash flow conversion of Apogee Optocom Co Ltd to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$894.40 Million |
| % of Total Assets | 89.54% |
| Annual Growth Rate | 12.88% |
| 5-Year Change | -30.41% |
| 10-Year Change | 63.02% |
| Growth Volatility | 30.52 |
Apogee Optocom Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Apogee Optocom Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Apogee Optocom Co Ltd (6426) total assets for the complete picture of this company's asset base.
Annual Net Assets for Apogee Optocom Co Ltd (2011–2024)
The table below shows the annual net assets of Apogee Optocom Co Ltd from 2011 to 2024. For live valuation and market cap data, see Apogee Optocom Co Ltd (6426) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$957.56 Million ≈ $30.17 Million |
-14.13% |
| 2023-12-31 | NT$1.12 Billion ≈ $35.13 Million |
-14.12% |
| 2022-12-31 | NT$1.30 Billion ≈ $40.91 Million |
+0.94% |
| 2021-12-31 | NT$1.29 Billion ≈ $40.53 Million |
-6.51% |
| 2020-12-31 | NT$1.38 Billion ≈ $43.35 Million |
+4.33% |
| 2019-12-31 | NT$1.32 Billion ≈ $41.55 Million |
+81.70% |
| 2018-12-31 | NT$725.82 Million ≈ $22.87 Million |
-7.24% |
| 2017-12-31 | NT$782.48 Million ≈ $24.65 Million |
+25.12% |
| 2016-12-31 | NT$625.37 Million ≈ $19.70 Million |
+6.47% |
| 2015-12-31 | NT$587.39 Million ≈ $18.51 Million |
-2.17% |
| 2014-12-31 | NT$600.40 Million ≈ $18.92 Million |
+39.83% |
| 2013-12-31 | NT$429.38 Million ≈ $13.53 Million |
+24.11% |
| 2012-12-31 | NT$345.98 Million ≈ $10.90 Million |
+74.61% |
| 2011-12-31 | NT$198.14 Million ≈ $6.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Apogee Optocom Co 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 decreased by 262.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$385.09 Million | 40.22% |
| Other Comprehensive Income | NT$41.55 Million | 4.34% |
| Other Components | NT$668.86 Million | 69.85% |
| Total Equity | NT$957.56 Million | 100.00% |
Apogee Optocom Co Ltd Competitors by Market Cap
The table below lists competitors of Apogee Optocom Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Youlchon Chem
KO:008730
|
$340.33 Million |
|
Bukwang Pharm
KO:003000
|
$340.34 Million |
|
Aurotek Corp
TW:6215
|
$340.39 Million |
|
E1 Corporation
KO:017940
|
$340.49 Million |
|
Zhejiang Zhenyuan Share Co Ltd
SHE:000705
|
$340.29 Million |
|
R Systems International Limited
NSE:RSYSTEMS
|
$340.23 Million |
|
Fujian Cement Inc
SHG:600802
|
$339.97 Million |
|
RichWave Technology Corp
TW:4968
|
$339.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Apogee Optocom Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,115,158,000 to 957,562,000, a change of -157,596,000 (-14.1%).
- Net loss of 137,943,000 reduced equity.
- Dividend payments of 19,254,000 reduced retained earnings.
- Other comprehensive income decreased equity by 54,482,000.
- Other factors increased equity by 54,083,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-137.94 Million | -14.41% |
| Dividends Paid | NT$19.25 Million | -2.01% |
| Other Comprehensive Income | NT$-54.48 Million | -5.69% |
| Other Changes | NT$54.08 Million | +5.65% |
| Total Change | NT$- | -14.13% |
Book Value vs Market Value Analysis
This analysis compares Apogee Optocom Co 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: 11.28x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 38.64x to 11.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | NT$7.26 | NT$280.50 | x |
| 2012-12-31 | NT$12.67 | NT$280.50 | x |
| 2013-12-31 | NT$14.48 | NT$280.50 | x |
| 2014-12-31 | NT$20.05 | NT$280.50 | x |
| 2015-12-31 | NT$17.97 | NT$280.50 | x |
| 2016-12-31 | NT$19.48 | NT$280.50 | x |
| 2017-12-31 | NT$24.16 | NT$280.50 | x |
| 2018-12-31 | NT$21.71 | NT$280.50 | x |
| 2019-12-31 | NT$39.15 | NT$280.50 | x |
| 2020-12-31 | NT$35.72 | NT$280.50 | x |
| 2021-12-31 | NT$33.41 | NT$280.50 | x |
| 2022-12-31 | NT$33.70 | NT$280.50 | x |
| 2023-12-31 | NT$28.96 | NT$280.50 | x |
| 2024-12-31 | NT$24.87 | NT$280.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Apogee Optocom Co 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): -14.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -41.82%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.11x
- Recent ROE (-14.41%) is below the historical average (9.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 22.66% | 12.58% | 0.88x | 2.05x | NT$25.09 Million |
| 2012 | 39.01% | 26.67% | 0.86x | 1.69x | NT$100.38 Million |
| 2013 | 14.17% | 13.38% | 0.64x | 1.66x | NT$17.19 Million |
| 2014 | 14.84% | 17.47% | 0.65x | 1.30x | NT$28.18 Million |
| 2015 | 9.95% | 11.08% | 0.71x | 1.26x | NT$-320.00K |
| 2016 | 14.30% | 17.07% | 0.68x | 1.24x | NT$26.81 Million |
| 2017 | 10.10% | 14.32% | 0.52x | 1.35x | NT$747.40K |
| 2018 | 1.61% | 2.54% | 0.48x | 1.32x | NT$-60.92 Million |
| 2019 | 7.10% | 15.18% | 0.38x | 1.22x | NT$-38.20 Million |
| 2020 | 10.02% | 19.40% | 0.46x | 1.12x | NT$276.80K |
| 2021 | 0.91% | 2.25% | 0.37x | 1.08x | NT$-116.94 Million |
| 2022 | 6.90% | 14.35% | 0.43x | 1.12x | NT$-40.28 Million |
| 2023 | -9.27% | -28.49% | 0.29x | 1.12x | NT$-214.87 Million |
| 2024 | -14.41% | -41.82% | 0.31x | 1.11x | NT$-233.70 Million |
Industry Comparison
This section compares Apogee Optocom Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $5,042,132,000
- Average return on equity (ROE) among peers: 9.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Apogee Optocom Co Ltd (6426) | NT$894.40 Million | 22.66% | 0.12x | $340.32 Million |
| Microelectronics Technology Inc (2314) | $5.15 Billion | 6.87% | 0.73x | $21.96 Million |
| Tecom Co Ltd (2321) | $4.84 Billion | 0.00% | 0.91x | $14.16 Million |
| D-Link Corp (2332) | $9.28 Billion | 10.29% | 0.90x | $293.32 Million |
| Accton Technology Corp (2345) | $12.80 Billion | 38.67% | 1.31x | $46.13 Billion |
| Hitron Technologies Inc (2419) | $2.27 Billion | 9.20% | 1.35x | $308.76 Million |
| Abocom Systems Inc (2444) | $947.34 Million | 5.62% | 0.80x | $39.36 Million |
| Zinwell Corporation (2485) | $6.61 Billion | 15.54% | 0.35x | $741.66 Million |
| Loop Telecommunication International Inc (3025) | $750.59 Million | 1.05% | 0.56x | $138.00 Million |
| Edimax Technology Co Ltd (3047) | $2.86 Billion | -2.52% | 1.58x | $104.36 Million |
| CyberTAN Technology Inc (3062) | $4.90 Billion | 7.52% | 0.52x | $301.84 Million |
About Apogee Optocom Co Ltd
Apogee Optocom Co., Ltd. operates as a communication component manufacturer in Taiwan. The company offers image, biomedicine, and aerospace, including 3D sensing, fluorescent, fiber laser, and notch filters, as well as imaging applications, such as black, and triple band filter; active and passive optical filters; and data center products. It provides optical coating services, including DBR and O… Read more