GEM Services Inc (6525) - Net Assets
Based on the latest financial reports, GEM Services Inc (6525) has net assets worth NT$4.36 Billion TWD (≈ $137.37 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$6.49 Billion ≈ $204.49 Million USD) and total liabilities (NT$2.13 Billion ≈ $67.12 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 how resilient are GEM Services Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.36 Billion |
| % of Total Assets | 67.18% |
| Annual Growth Rate | 16.1% |
| 5-Year Change | 17.48% |
| 10-Year Change | 107.64% |
| Growth Volatility | 17.14 |
GEM Services Inc - Net Assets Trend (2012–2024)
This chart illustrates how GEM Services Inc's net assets have evolved over time, based on quarterly financial data. Also explore GEM Services Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for GEM Services Inc (2012–2024)
The table below shows the annual net assets of GEM Services Inc from 2012 to 2024. For live valuation and market cap data, see 6525 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.52 Billion ≈ $142.47 Million |
+8.83% |
| 2023-12-31 | NT$4.16 Billion ≈ $130.91 Million |
-4.34% |
| 2022-12-31 | NT$4.34 Billion ≈ $136.85 Million |
+5.20% |
| 2021-12-31 | NT$4.13 Billion ≈ $130.09 Million |
+7.27% |
| 2020-12-31 | NT$3.85 Billion ≈ $121.28 Million |
+6.56% |
| 2019-12-31 | NT$3.61 Billion ≈ $113.81 Million |
+3.20% |
| 2018-12-31 | NT$3.50 Billion ≈ $110.28 Million |
+15.37% |
| 2017-12-31 | NT$3.03 Billion ≈ $95.59 Million |
+5.91% |
| 2016-12-31 | NT$2.86 Billion ≈ $90.25 Million |
+31.53% |
| 2015-12-31 | NT$2.18 Billion ≈ $68.62 Million |
+34.12% |
| 2014-12-31 | NT$1.62 Billion ≈ $51.16 Million |
+52.33% |
| 2013-12-31 | NT$1.07 Billion ≈ $33.58 Million |
+41.37% |
| 2012-12-31 | NT$754.02 Million ≈ $23.76 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GEM Services 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 364447100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.83 Billion | 40.48% |
| Common Stock | NT$1.29 Billion | 28.54% |
| Other Comprehensive Income | NT$776.41 Million | 17.17% |
| Other Components | NT$624.54 Million | 13.81% |
| Total Equity | NT$4.52 Billion | 100.00% |
GEM Services Inc Competitors by Market Cap
The table below lists competitors of GEM Services Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ozak Gayrimenkul Yatirim Ortakligi AS
IS:OZKGY
|
$433.37 Million |
|
Ganso Co Ltd
SHG:603886
|
$433.38 Million |
|
Shanghai Menon Animal Nutrition Technology Co. Ltd.
SHE:301156
|
$433.45 Million |
|
ADC Therapeutics SA
NYSE:ADCT
|
$433.57 Million |
|
Jiangxi Everbright Measurement Cont
SHE:300906
|
$432.91 Million |
|
Beijing Capital International Airport Company Limited
F:BJ1
|
$432.84 Million |
|
ALTYNGOLD PLC LS -10
F:FPP0
|
$432.77 Million |
|
Smcp SAS
PA:SMCP
|
$432.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GEM Services Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,155,269,000 to 4,522,093,000, a change of 366,824,000 (8.8%).
- Net income of 664,197,000 contributed positively to equity growth.
- Dividend payments of 451,651,000 reduced retained earnings.
- Other comprehensive income increased equity by 255,775,000.
- Other factors decreased equity by 101,497,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$664.20 Million | +14.69% |
| Dividends Paid | NT$451.65 Million | -9.99% |
| Other Comprehensive Income | NT$255.78 Million | +5.66% |
| Other Changes | NT$-101.50 Million | -2.24% |
| Total Change | NT$- | 8.83% |
Book Value vs Market Value Analysis
This analysis compares GEM Services 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: 3.08x
- 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 14.67x to 3.08x 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$7.26 | NT$106.50 | x |
| 2013-12-31 | NT$10.26 | NT$106.50 | x |
| 2014-12-31 | NT$15.10 | NT$106.50 | x |
| 2015-12-31 | NT$18.88 | NT$106.50 | x |
| 2016-12-31 | NT$22.63 | NT$106.50 | x |
| 2017-12-31 | NT$23.34 | NT$106.50 | x |
| 2018-12-31 | NT$26.88 | NT$106.50 | x |
| 2019-12-31 | NT$27.73 | NT$106.50 | x |
| 2020-12-31 | NT$29.49 | NT$106.50 | x |
| 2021-12-31 | NT$31.70 | NT$106.50 | x |
| 2022-12-31 | NT$33.25 | NT$106.50 | x |
| 2023-12-31 | NT$31.85 | NT$106.50 | x |
| 2024-12-31 | NT$34.61 | NT$106.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GEM Services Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.22%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.46x
- Recent ROE (14.69%) is below the historical average (18.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -1.34% | -0.42% | 1.06x | 3.00x | NT$-85.54 Million |
| 2013 | 19.73% | 9.58% | 1.04x | 1.99x | NT$103.76 Million |
| 2014 | 28.19% | 16.93% | 1.09x | 1.53x | NT$295.44 Million |
| 2015 | 24.98% | 19.92% | 0.91x | 1.38x | NT$326.29 Million |
| 2016 | 19.95% | 19.33% | 0.77x | 1.35x | NT$285.08 Million |
| 2017 | 20.67% | 20.27% | 0.78x | 1.31x | NT$323.79 Million |
| 2018 | 22.12% | 22.70% | 0.73x | 1.33x | NT$424.33 Million |
| 2019 | 18.41% | 19.20% | 0.74x | 1.30x | NT$303.74 Million |
| 2020 | 17.79% | 18.26% | 0.73x | 1.34x | NT$299.73 Million |
| 2021 | 20.78% | 18.04% | 0.71x | 1.62x | NT$445.07 Million |
| 2022 | 21.42% | 17.82% | 0.76x | 1.59x | NT$495.94 Million |
| 2023 | 13.62% | 12.81% | 0.72x | 1.48x | NT$150.57 Million |
| 2024 | 14.69% | 14.22% | 0.71x | 1.46x | NT$211.99 Million |
Industry Comparison
This section compares GEM Services Inc's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $128,941,530,120
- Average return on equity (ROE) among peers: 2.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GEM Services Inc (6525) | NT$4.36 Billion | -1.34% | 0.49x | $433.00 Million |
| Polylite Taiwan Co Ltd (1813) | $821.74 Million | 0.82% | 0.38x | $18.07 Million |
| United Microelectronics Corporation (2303) | $114.53 Billion | 9.33% | 0.32x | $36.21 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $7.60 Billion | -3.50% | 0.91x | $1.24 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $1.02 Trillion | 24.87% | 0.46x | $1.87 Trillion |
| Macronix International Co Ltd (2337) | $44.57 Billion | 0.00% | 0.63x | $8.94 Billion |
| Optotech Corp (2340) | $7.17 Billion | 6.32% | 0.69x | $514.56 Million |
| Mosel Vitelic Inc (2342) | $4.22 Billion | -38.79% | 0.66x | $217.37 Million |
| Winbond Electronics Corp (2344) | $38.57 Billion | 9.21% | 0.73x | $15.17 Billion |
| Silicon Integrated Systems Corp (2363) | $7.33 Billion | -3.90% | 0.02x | $963.76 Million |
| Realtek Semiconductor Corp (2379) | $42.24 Billion | 21.67% | 1.22x | $9.61 Billion |
About GEM Services Inc
GEM Services, Inc. provides services for power management semiconductors. It provides assembly services, including wafer probe, assembly, and test; packaging development; and electrical testing services, such as wafer probe, electrical test, data-log, and characterization testing. The company offers reliability testing services comprising reliability testing capability and failure analysis servic… Read more