Skytech Inc.
Skytech Inc. engages in the semiconductor and related technology industries. The company provides thin film process, etching process, diffusion process, grinding process, measurement process, yellow light process, and automation equipment. The company's products include PVD and ALD machines; bonder and de-bonder machines; powder ALD machines; descum/plasma polish machines; single wafer load lock … Read more
Skytech Inc. (6937) - Net Assets
Latest net assets as of September 2025: NT$3.41 Billion TWD
Based on the latest financial reports, Skytech Inc. (6937) has net assets worth NT$3.41 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$4.27 Billion) and total liabilities (NT$859.38 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$3.41 Billion |
| % of Total Assets | 79.85% |
| Annual Growth Rate | 62.38% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 37.97 |
Skytech Inc. - Net Assets Trend (2020–2024)
This chart illustrates how Skytech Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Skytech Inc. (2020–2024)
The table below shows the annual net assets of Skytech Inc. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.41 Billion | +9.25% |
| 2023-12-31 | NT$3.13 Billion | +68.99% |
| 2022-12-31 | NT$1.85 Billion | +74.59% |
| 2021-12-31 | NT$1.06 Billion | +115.68% |
| 2020-12-31 | NT$491.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Skytech 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 2306.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$971.44 Million | 28.45% |
| Common Stock | NT$674.77 Million | 19.76% |
| Other Components | NT$1.77 Billion | 51.79% |
| Total Equity | NT$3.41 Billion | 100.00% |
Skytech Inc. Competitors by Market Cap
The table below lists competitors of Skytech Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Golden Friends
TWO:4506
|
$246.40 Million |
|
TomTom N.V
PINK:TMOAF
|
$246.41 Million |
|
HansBiomed Corporation
KQ:042520
|
$246.58 Million |
|
MOIL Limited
NSE:MOIL
|
$246.60 Million |
|
FD Technologies Plc
PINK:FDRVF
|
$246.20 Million |
|
Hsin Kuang Steel Co Ltd
TW:2031
|
$246.16 Million |
|
MEGA P&C Advanced Materials (Shanghai) Company Limited
SHG:603062
|
$246.14 Million |
|
Guangdong Senssun Weighing Apparatus Group Ltd
SHE:002870
|
$246.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Skytech Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,125,418,000 to 3,414,640,000, a change of 289,222,000 (9.3%).
- Net income of 406,803,000 contributed positively to equity growth.
- Dividend payments of 134,955,000 reduced retained earnings.
- Other comprehensive income decreased equity by 13,995,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$406.80 Million | +11.91% |
| Dividends Paid | NT$134.96 Million | -3.95% |
| Other Comprehensive Income | NT$-13.99 Million | -0.41% |
| Other Changes | NT$31.37 Million | +0.92% |
| Total Change | NT$- | 9.25% |
Book Value vs Market Value Analysis
This analysis compares Skytech 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: 5.53x
- 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 20.52x to 5.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$13.64 | NT$280.00 | x |
| 2021-12-31 | NT$21.99 | NT$280.00 | x |
| 2022-12-31 | NT$32.91 | NT$280.00 | x |
| 2023-12-31 | NT$51.09 | NT$280.00 | x |
| 2024-12-31 | NT$50.67 | NT$280.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Skytech Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.91%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.72%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 1.24x
- Recent ROE (11.91%) is above the historical average (11.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 1.91% | 0.91% | 0.41x | 5.19x | NT$-38.41 Million |
| 2021 | 16.74% | 10.71% | 0.76x | 2.07x | NT$71.45 Million |
| 2022 | 17.13% | 17.45% | 0.61x | 1.61x | NT$131.91 Million |
| 2023 | 9.81% | 15.39% | 0.48x | 1.33x | NT$-5.88 Million |
| 2024 | 11.91% | 15.72% | 0.61x | 1.24x | NT$65.34 Million |
Industry Comparison
This section compares Skytech Inc.'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 |
|---|---|---|---|---|
| Skytech Inc. (6937) | NT$3.41 Billion | 1.91% | 0.25x | $246.22 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 |