Shunsin Technology Holdings Ltd (6451) - Net Assets
Based on the latest financial reports, Shunsin Technology Holdings Ltd (6451) has net assets worth NT$6.92 Billion TWD (≈ $218.16 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$19.00 Billion ≈ $598.62 Million USD) and total liabilities (NT$12.08 Billion ≈ $380.46 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 Shunsin Technology Holdings Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.92 Billion |
| % of Total Assets | 36.44% |
| Annual Growth Rate | 3.91% |
| 5-Year Change | 24.74% |
| 10-Year Change | 26.16% |
| Growth Volatility | 18.63 |
Shunsin Technology Holdings Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Shunsin Technology Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shunsin Technology Holdings Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Shunsin Technology Holdings Ltd (2012–2024)
The table below shows the annual net assets of Shunsin Technology Holdings Ltd from 2012 to 2024. For live valuation and market cap data, see 6451 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.78 Billion ≈ $245.16 Million |
+7.45% |
| 2023-12-31 | NT$7.24 Billion ≈ $228.16 Million |
+8.44% |
| 2022-12-31 | NT$6.68 Billion ≈ $210.40 Million |
+2.30% |
| 2021-12-31 | NT$6.53 Billion ≈ $205.66 Million |
+4.64% |
| 2020-12-31 | NT$6.24 Billion ≈ $196.54 Million |
+10.06% |
| 2019-12-31 | NT$5.67 Billion ≈ $178.57 Million |
+0.38% |
| 2018-12-31 | NT$5.65 Billion ≈ $177.88 Million |
+4.23% |
| 2017-12-31 | NT$5.42 Billion ≈ $170.67 Million |
-9.07% |
| 2016-12-31 | NT$5.96 Billion ≈ $187.69 Million |
-3.42% |
| 2015-12-31 | NT$6.17 Billion ≈ $194.33 Million |
+42.81% |
| 2014-12-31 | NT$4.32 Billion ≈ $136.08 Million |
+34.09% |
| 2013-12-31 | NT$3.22 Billion ≈ $101.48 Million |
-34.38% |
| 2012-12-31 | NT$4.91 Billion ≈ $154.65 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shunsin Technology Holdings 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 52.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.67 Billion | 25.03% |
| Common Stock | NT$1.07 Billion | 16.12% |
| Other Comprehensive Income | NT$129.91 Million | 1.95% |
| Other Components | NT$3.79 Billion | 56.90% |
| Total Equity | NT$6.66 Billion | 100.00% |
Shunsin Technology Holdings Ltd Competitors by Market Cap
The table below lists competitors of Shunsin Technology Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AtriCure Inc
NASDAQ:ATRC
|
$1.44 Billion |
|
Arlo Technologies
NYSE:ARLO
|
$1.44 Billion |
|
New Guomai Digital Culture Co Ltd
SHG:600640
|
$1.44 Billion |
|
Kimbell Royalty Partners LP
NYSE:KRP
|
$1.44 Billion |
|
Jiangsu Zijin Rural Commercial Bank Co Ltd
SHG:601860
|
$1.44 Billion |
|
Eurocommercial Properties N.V.
AS:ECMPA
|
$1.44 Billion |
|
Dole PLC
NYSE:DOLE
|
$1.44 Billion |
|
ERAMET EO 305 ADR 1/10
F:ER70
|
$1.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shunsin Technology Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,333,910,000 to 6,664,714,000, a change of 330,804,000 (5.2%).
- Net income of 42,656,000 contributed positively to equity growth.
- Dividend payments of 261,187,000 reduced retained earnings.
- Other comprehensive income decreased equity by 329,893,001.
- Other factors increased equity by 879,228,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$42.66 Million | +0.64% |
| Dividends Paid | NT$261.19 Million | -3.92% |
| Other Comprehensive Income | NT$-329.89 Million | -4.95% |
| Other Changes | NT$879.23 Million | +13.19% |
| Total Change | NT$- | 5.22% |
Book Value vs Market Value Analysis
This analysis compares Shunsin Technology Holdings 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: 6.87x
- 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 increased from 5.69x to 6.87x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | NT$75.73 | NT$431.00 | x |
| 2013-12-31 | NT$47.45 | NT$431.00 | x |
| 2014-12-31 | NT$47.30 | NT$431.00 | x |
| 2015-12-31 | NT$58.88 | NT$431.00 | x |
| 2016-12-31 | NT$56.22 | NT$431.00 | x |
| 2017-12-31 | NT$50.87 | NT$431.00 | x |
| 2018-12-31 | NT$52.75 | NT$431.00 | x |
| 2019-12-31 | NT$49.86 | NT$431.00 | x |
| 2020-12-31 | NT$53.57 | NT$431.00 | x |
| 2021-12-31 | NT$54.06 | NT$431.00 | x |
| 2022-12-31 | NT$58.32 | NT$431.00 | x |
| 2023-12-31 | NT$59.07 | NT$431.00 | x |
| 2024-12-31 | NT$62.75 | NT$431.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shunsin Technology Holdings 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): 0.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.82%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.52x
- Recent ROE (0.64%) is below the historical average (11.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 17.44% | 22.34% | 0.65x | 1.19x | NT$365.36 Million |
| 2013 | 26.38% | 22.87% | 0.76x | 1.52x | NT$527.44 Million |
| 2014 | 21.39% | 17.18% | 0.81x | 1.53x | NT$491.92 Million |
| 2015 | 17.85% | 18.62% | 0.77x | 1.25x | NT$484.08 Million |
| 2016 | 16.13% | 23.26% | 0.50x | 1.39x | NT$365.43 Million |
| 2017 | 2.06% | 3.52% | 0.36x | 1.63x | NT$-427.84 Million |
| 2018 | 5.31% | 6.68% | 0.42x | 1.91x | NT$-263.41 Million |
| 2019 | 11.30% | 11.11% | 0.50x | 2.03x | NT$73.50 Million |
| 2020 | 11.70% | 14.95% | 0.33x | 2.37x | NT$105.11 Million |
| 2021 | 6.36% | 9.44% | 0.29x | 2.36x | NT$-230.81 Million |
| 2022 | 3.30% | 3.87% | 0.33x | 2.61x | NT$-418.50 Million |
| 2023 | 6.86% | 8.33% | 0.35x | 2.33x | NT$-199.17 Million |
| 2024 | 0.64% | 0.82% | 0.31x | 2.52x | NT$-623.82 Million |
Industry Comparison
This section compares Shunsin Technology Holdings Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $202,930,058,900
- Average return on equity (ROE) among peers: 7.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shunsin Technology Holdings Ltd (6451) | NT$6.92 Billion | 17.44% | 1.74x | $1.44 Billion |
| Polylite Taiwan Co Ltd (1813) | $883.80 Million | -0.02% | 0.44x | $18.07 Million |
| United Microelectronics Corporation (2303) | $281.20 Billion | 18.22% | 0.65x | $30.66 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $4.44 Billion | -3.97% | 3.02x | $1.14 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $1.61 Trillion | 21.92% | 0.40x | $1.74 Trillion |
| Macronix International Co Ltd (2337) | $24.66 Billion | 22.38% | 0.79x | $8.99 Billion |
| Optotech Corp (2340) | $7.08 Billion | 9.72% | 0.77x | $524.91 Million |
| Mosel Vitelic Inc (2342) | $6.57 Billion | -10.87% | 0.51x | $166.75 Million |
| Winbond Electronics Corp (2344) | $60.28 Billion | 5.50% | 0.10x | $12.73 Billion |
| Silicon Integrated Systems Corp (2363) | $7.70 Billion | -2.92% | 0.01x | $843.70 Million |
| Realtek Semiconductor Corp (2379) | $22.11 Billion | 17.61% | 0.86x | $8.72 Billion |
About Shunsin Technology Holdings Ltd
ShunSin Technology Holdings Limited engages in the assembly, testing, and sale of various integrated circuits related to semiconductors in Mainland China, the United States, Taiwan, Malaysia, Singapore, Ireland, and internationally. The company's products include system in package module, including 2G/2.5G/3G/4G front end and power Amplifier (PA), multi-mode multi band power amplifier, WiFi front… Read more