HY Electronic Cayman Ltd
HY Electronic (Cayman) Limited engages in research and development, manufacture, and sale of rectifier diodes, bridge rectifiers, solar diodes, and wafers in China, Asia, Europe, and internationally. The company provides standard rectifiers, fast, ultra, and superfast recovery diodes, schottky rectifiers, low VF schottky barrier diodes, high voltage glass passivated rectifiers, PV solar cell prot… Read more
HY Electronic Cayman Ltd (6573) - Net Assets
Latest net assets as of September 2025: NT$732.10 Million TWD
Based on the latest financial reports, HY Electronic Cayman Ltd (6573) has net assets worth NT$732.10 Million 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$1.65 Billion) and total liabilities (NT$915.91 Million). 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$732.10 Million |
| % of Total Assets | 44.42% |
| Annual Growth Rate | -0.57% |
| 5-Year Change | -53.64% |
| 10-Year Change | -16.85% |
| Growth Volatility | 20.44 |
HY Electronic Cayman Ltd - Net Assets Trend (2014–2024)
This chart illustrates how HY Electronic Cayman 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 HY Electronic Cayman Ltd (2014–2024)
The table below shows the annual net assets of HY Electronic Cayman Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$632.21 Million | -9.72% |
| 2023-12-31 | NT$700.25 Million | -26.66% |
| 2022-12-31 | NT$954.84 Million | -18.90% |
| 2021-12-31 | NT$1.18 Billion | -13.67% |
| 2020-12-31 | NT$1.36 Billion | -0.86% |
| 2019-12-31 | NT$1.38 Billion | -12.69% |
| 2018-12-31 | NT$1.58 Billion | +16.95% |
| 2017-12-31 | NT$1.35 Billion | +36.25% |
| 2016-12-31 | NT$988.64 Million | +30.03% |
| 2015-12-31 | NT$760.34 Million | +13.53% |
| 2014-12-31 | NT$669.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HY Electronic Cayman 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 293.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$804.99 Million | 146.52% |
| Other Comprehensive Income | NT$-25.71 Million | -4.68% |
| Total Equity | NT$549.40 Million | 100.00% |
HY Electronic Cayman Ltd Competitors by Market Cap
The table below lists competitors of HY Electronic Cayman Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CleanTech Lithium Plc
OTCQX:CTLHF
|
$19.80 Million |
|
GMM Grammy Public Company Limited
BK:GRAMMY
|
$19.80 Million |
|
Herald Holdings Limited
STU:HH3
|
$19.80 Million |
|
Sýn hf
IC:SYN
|
$19.81 Million |
|
KOC METALURJI
IS:KOCMT
|
$19.79 Million |
|
Berjaya Food Bhd
KLSE:5196
|
$19.79 Million |
|
Warimpex Finanz- und Beteiligungs AG
VI:WXF
|
$19.79 Million |
|
Poujoulat S.A.
PA:ALPJT
|
$19.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HY Electronic Cayman Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 687,724,000 to 549,401,000, a change of -138,323,000 (-20.1%).
- Net loss of 155,877,000 reduced equity.
- Other comprehensive income decreased equity by 38,493,999.
- Other factors increased equity by 56,047,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-155.88 Million | -28.37% |
| Other Comprehensive Income | NT$-38.49 Million | -7.01% |
| Other Changes | NT$56.05 Million | +10.2% |
| Total Change | NT$- | -20.11% |
Book Value vs Market Value Analysis
This analysis compares HY Electronic Cayman 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: 2.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.09x to 2.05x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | NT$12.87 | NT$14.00 | x |
| 2015-12-31 | NT$14.61 | NT$14.00 | x |
| 2016-12-31 | NT$18.24 | NT$14.00 | x |
| 2017-12-31 | NT$22.15 | NT$14.00 | x |
| 2018-12-31 | NT$21.26 | NT$14.00 | x |
| 2019-12-31 | NT$18.17 | NT$14.00 | x |
| 2020-12-31 | NT$17.55 | NT$14.00 | x |
| 2021-12-31 | NT$14.03 | NT$14.00 | x |
| 2022-12-31 | NT$11.62 | NT$14.00 | x |
| 2023-12-31 | NT$8.54 | NT$14.00 | x |
| 2024-12-31 | NT$6.82 | NT$14.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HY Electronic Cayman Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -28.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.20%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 3.24x
- Recent ROE (-28.37%) is below the historical average (-6.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 7.02% | 2.77% | 0.92x | 2.75x | NT$-19.95 Million |
| 2015 | 13.42% | 5.74% | 0.88x | 2.65x | NT$26.04 Million |
| 2016 | 16.40% | 8.34% | 0.90x | 2.18x | NT$63.30 Million |
| 2017 | 13.20% | 8.50% | 0.77x | 2.02x | NT$43.07 Million |
| 2018 | 2.48% | 1.72% | 0.59x | 2.46x | NT$-107.07 Million |
| 2019 | -9.98% | -7.10% | 0.55x | 2.57x | NT$-249.81 Million |
| 2020 | -14.48% | -11.56% | 0.53x | 2.35x | NT$-315.68 Million |
| 2021 | -13.78% | -7.42% | 0.73x | 2.56x | NT$-268.48 Million |
| 2022 | -22.24% | -17.05% | 0.54x | 2.43x | NT$-301.65 Million |
| 2023 | -34.05% | -19.88% | 0.57x | 2.98x | NT$-302.91 Million |
| 2024 | -28.37% | -16.20% | 0.54x | 3.24x | NT$-210.82 Million |
Industry Comparison
This section compares HY Electronic Cayman 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 |
|---|---|---|---|---|
| HY Electronic Cayman Ltd (6573) | NT$732.10 Million | 7.02% | 1.25x | $19.79 Million |
| 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 |