Sun Max Tech Ltd
Sun Max Tech Limited, an investment holding company, manufactures, wholesales, retails, and trades cooling fans in China, Taiwan, and internationally. The company offers air purifiers, hanging neck fans, and UV sterilization bottles; and electronic cooling products, including axial and dish fans, and blowers. Sun Max Tech Limited was founded in 1998 and is based in New Taipei City, Taiwan.
Sun Max Tech Ltd (6591) - Net Assets
Latest net assets as of September 2025: NT$2.14 Billion TWD
Based on the latest financial reports, Sun Max Tech Ltd (6591) has net assets worth NT$2.14 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$3.43 Billion) and total liabilities (NT$1.29 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$2.14 Billion |
| % of Total Assets | 62.37% |
| Annual Growth Rate | 33.22% |
| 5-Year Change | 40.96% |
| 10-Year Change | 828.14% |
| Growth Volatility | 45.66 |
Sun Max Tech Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Sun Max Tech 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 Sun Max Tech Ltd (2014–2024)
The table below shows the annual net assets of Sun Max Tech Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.94 Billion | +10.04% |
| 2023-12-31 | NT$1.76 Billion | +1.29% |
| 2022-12-31 | NT$1.74 Billion | +14.03% |
| 2021-12-31 | NT$1.52 Billion | +10.90% |
| 2020-12-31 | NT$1.37 Billion | +34.27% |
| 2019-12-31 | NT$1.02 Billion | +15.41% |
| 2018-12-31 | NT$885.90 Million | -0.30% |
| 2017-12-31 | NT$888.52 Million | +73.84% |
| 2016-12-31 | NT$511.11 Million | +145.14% |
| 2015-12-31 | NT$208.49 Million | +89.76% |
| 2014-12-31 | NT$109.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sun Max Tech 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 35810.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$472.22 Million | 24.50% |
| Common Stock | NT$377.22 Million | 19.57% |
| Other Comprehensive Income | NT$192.80 Million | 10.00% |
| Other Components | NT$885.05 Million | 45.92% |
| Total Equity | NT$1.93 Billion | 100.00% |
Sun Max Tech Ltd Competitors by Market Cap
The table below lists competitors of Sun Max Tech Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jayamas Medica Industri
JK:OMED
|
$62.25 Million |
|
Alembic Limited
NSE:ALEMBICLTD
|
$62.26 Million |
|
Indústrias Romi S.A
SA:ROMI3
|
$62.27 Million |
|
Eolus Vind AB (publ)
ST:EOLU-B
|
$62.27 Million |
|
Adagene Inc
NASDAQ:ADAG
|
$62.23 Million |
|
THN Corporation
KO:019180
|
$62.21 Million |
|
ARTHA RESOURCES
F:16T
|
$62.19 Million |
|
NewFlex Technology Co. Ltd
KQ:085670
|
$62.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sun Max Tech Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,749,462,000 to 1,927,293,000, a change of 177,831,000 (10.2%).
- Net income of 119,539,000 contributed positively to equity growth.
- Dividend payments of 102,463,000 reduced retained earnings.
- Other comprehensive income increased equity by 102,238,000.
- Other factors increased equity by 58,517,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$119.54 Million | +6.2% |
| Dividends Paid | NT$102.46 Million | -5.32% |
| Other Comprehensive Income | NT$102.24 Million | +5.3% |
| Other Changes | NT$58.52 Million | +3.04% |
| Total Change | NT$- | 10.16% |
Book Value vs Market Value Analysis
This analysis compares Sun Max Tech 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: 1.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.79x to 1.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | NT$13.36 | NT$64.00 | x |
| 2015-12-31 | NT$19.37 | NT$64.00 | x |
| 2016-12-31 | NT$29.36 | NT$64.00 | x |
| 2017-12-31 | NT$42.68 | NT$64.00 | x |
| 2018-12-31 | NT$36.52 | NT$64.00 | x |
| 2019-12-31 | NT$35.05 | NT$64.00 | x |
| 2020-12-31 | NT$43.66 | NT$64.00 | x |
| 2021-12-31 | NT$42.12 | NT$64.00 | x |
| 2022-12-31 | NT$46.80 | NT$64.00 | x |
| 2023-12-31 | NT$42.70 | NT$64.00 | x |
| 2024-12-31 | NT$49.96 | NT$64.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sun Max Tech Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.47%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.55x
- Recent ROE (6.20%) is below the historical average (13.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 1.55% | 0.23% | 1.24x | 5.37x | NT$-9.29 Million |
| 2015 | 40.86% | 10.13% | 1.29x | 3.13x | NT$64.33 Million |
| 2016 | 28.81% | 12.54% | 1.17x | 1.97x | NT$96.15 Million |
| 2017 | 9.73% | 6.69% | 0.89x | 1.64x | NT$-2.43 Million |
| 2018 | 8.33% | 6.06% | 0.88x | 1.57x | NT$-14.81 Million |
| 2019 | 8.73% | 7.53% | 0.67x | 1.72x | NT$-13.00 Million |
| 2020 | 11.94% | 10.38% | 0.66x | 1.73x | NT$26.59 Million |
| 2021 | 14.46% | 11.89% | 0.73x | 1.66x | NT$67.44 Million |
| 2022 | 13.09% | 13.63% | 0.56x | 1.70x | NT$53.34 Million |
| 2023 | 6.77% | 8.57% | 0.53x | 1.50x | NT$-56.43 Million |
| 2024 | 6.20% | 9.47% | 0.42x | 1.55x | NT$-73.19 Million |
Industry Comparison
This section compares Sun Max Tech Ltd's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $43,365,135,900
- Average return on equity (ROE) among peers: 2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sun Max Tech Ltd (6591) | NT$2.14 Billion | 1.55% | 0.60x | $62.24 Million |
| Solytech Enterprise Corp (1471) | $1.73 Billion | 0.00% | 1.00x | $49.10 Million |
| Lite-On Technology Corp (2301) | $74.58 Billion | 5.93% | 1.28x | $9.62 Billion |
| Microtek International Inc (2305) | $2.23 Billion | 0.30% | 0.28x | $18.55 Million |
| Kinpo Electronics Inc (2312) | $25.86 Billion | 0.85% | 3.17x | $896.54 Million |
| CMC Magnetics Corp (2323) | $37.52 Billion | 11.36% | 0.54x | $302.78 Million |
| Compal Electronics Inc (2324) | $112.28 Billion | 7.24% | 2.09x | $3.88 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.76 Billion | 1.89% | 0.86x | $204.97 Million |
| Ritek Corp (2349) | $11.17 Billion | -23.02% | 0.88x | $261.22 Million |
| Qisda Corp (2352) | $47.28 Billion | 0.00% | 2.52x | $839.54 Million |
| Asustek Computer Inc (2357) | $109.25 Billion | 16.75% | 1.03x | $11.74 Billion |