WinWay Technology Co. Ltd
WinWay Technology Co., Ltd. designs, processes, and sells optoelectronic product test fixtures, integrated circuit test interfaces, and fixtures and their components in Taiwan, the Americas, China, Asia, Europe, and Canada. Its products include test sockets, HyperSocket, coaxial sockets, burn-in sockets, PoP sockets, and CRS sockets; heatsink and manual lid; vertical and WLCSP probe cards; i-Bump… Read more
WinWay Technology Co. Ltd (6515) - Net Assets
Latest net assets as of September 2025: NT$5.90 Billion TWD
Based on the latest financial reports, WinWay Technology Co. Ltd (6515) has net assets worth NT$5.90 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$7.89 Billion) and total liabilities (NT$1.98 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$5.90 Billion |
| % of Total Assets | 74.84% |
| Annual Growth Rate | 22.96% |
| 5-Year Change | 212.71% |
| 10-Year Change | 554.46% |
| Growth Volatility | 26.47 |
WinWay Technology Co. Ltd - Net Assets Trend (2012–2024)
This chart illustrates how WinWay Technology Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for WinWay Technology Co. Ltd (2012–2024)
The table below shows the annual net assets of WinWay Technology Co. Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.54 Billion | +58.76% |
| 2023-12-31 | NT$3.49 Billion | -5.58% |
| 2022-12-31 | NT$3.70 Billion | +26.13% |
| 2021-12-31 | NT$2.93 Billion | +65.38% |
| 2020-12-31 | NT$1.77 Billion | +13.05% |
| 2019-12-31 | NT$1.57 Billion | +57.38% |
| 2018-12-31 | NT$995.72 Million | +12.97% |
| 2017-12-31 | NT$881.39 Million | -11.45% |
| 2016-12-31 | NT$995.41 Million | +17.59% |
| 2014-12-31 | NT$846.48 Million | +60.45% |
| 2013-12-31 | NT$527.55 Million | +13.71% |
| 2012-12-31 | NT$463.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to WinWay Technology 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 grown by 1289.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.15 Billion | 38.86% |
| Common Stock | NT$358.24 Million | 6.47% |
| Other Components | NT$3.03 Billion | 54.68% |
| Total Equity | NT$5.54 Billion | 100.00% |
WinWay Technology Co. Ltd Competitors by Market Cap
The table below lists competitors of WinWay Technology Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sydbank A/S
CO:SYDB
|
$3.76 Billion |
|
National Health Investors Inc
NYSE:NHI
|
$3.76 Billion |
|
Omv Petrom S.A
RO:SNP
|
$3.76 Billion |
|
Lynas Rare Earths Ltd
PINK:LYSCF
|
$3.76 Billion |
|
Adani Energy Solutions Limited
NSE:ADANIENSOL
|
$3.76 Billion |
|
Westlake Chemical Corporation
NYSE:WLK
|
$3.76 Billion |
|
Anji Microelectronics Tech Co Ltd
SHG:688019
|
$3.75 Billion |
|
iRhythm Technologies Inc
NASDAQ:IRTC
|
$3.75 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WinWay Technology Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,489,434,000 to 5,539,904,000, a change of 2,050,470,000 (58.8%).
- Net income of 1,185,837,000 contributed positively to equity growth.
- Dividend payments of 377,978,000 reduced retained earnings.
- Other comprehensive income decreased equity by 433,409,000.
- Other factors increased equity by 1,676,020,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.19 Billion | +21.41% |
| Dividends Paid | NT$377.98 Million | -6.82% |
| Other Comprehensive Income | NT$-433.41 Million | -7.82% |
| Other Changes | NT$1.68 Billion | +30.25% |
| Total Change | NT$- | 58.76% |
Book Value vs Market Value Analysis
This analysis compares WinWay Technology 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: 42.42x
- 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 363.10x to 42.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | NT$18.23 | NT$6620.00 | x |
| 2013-12-31 | NT$27.46 | NT$6620.00 | x |
| 2014-12-31 | NT$39.55 | NT$6620.00 | x |
| 2016-12-31 | NT$35.28 | NT$6620.00 | x |
| 2017-12-31 | NT$30.42 | NT$6620.00 | x |
| 2018-12-31 | NT$34.13 | NT$6620.00 | x |
| 2019-12-31 | NT$51.40 | NT$6620.00 | x |
| 2020-12-31 | NT$56.58 | NT$6620.00 | x |
| 2021-12-31 | NT$85.63 | NT$6620.00 | x |
| 2022-12-31 | NT$106.59 | NT$6620.00 | x |
| 2023-12-31 | NT$100.41 | NT$6620.00 | x |
| 2024-12-31 | NT$156.05 | NT$6620.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WinWay Technology 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): 21.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.45%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.37x
- Recent ROE (21.41%) is below the historical average (24.09%), 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 | 36.73% | 15.73% | 1.05x | 2.22x | NT$85.23 Million |
| 2013 | 23.79% | 15.73% | 1.01x | 1.50x | NT$72.68 Million |
| 2014 | 15.36% | 13.47% | 0.78x | 1.46x | NT$45.38 Million |
| 2016 | 26.05% | 15.91% | 1.15x | 1.42x | NT$159.76 Million |
| 2017 | 15.92% | 11.30% | 1.04x | 1.36x | NT$52.20 Million |
| 2018 | 24.64% | 14.55% | 1.13x | 1.50x | NT$145.78 Million |
| 2019 | 35.55% | 19.86% | 1.21x | 1.48x | NT$400.33 Million |
| 2020 | 29.97% | 18.25% | 1.21x | 1.36x | NT$353.81 Million |
| 2021 | 16.61% | 16.85% | 0.73x | 1.34x | NT$193.64 Million |
| 2022 | 29.77% | 21.48% | 0.90x | 1.54x | NT$730.68 Million |
| 2023 | 13.30% | 12.60% | 0.76x | 1.40x | NT$115.09 Million |
| 2024 | 21.41% | 20.45% | 0.76x | 1.37x | NT$631.85 Million |
Industry Comparison
This section compares WinWay Technology Co. Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $20,387,667,400
- Average return on equity (ROE) among peers: -0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WinWay Technology Co. Ltd (6515) | NT$5.90 Billion | 36.73% | 0.34x | $3.76 Billion |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Winbond Electronics Corp (2344) | $78.11 Billion | 0.00% | 0.35x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |