TWOWAY Communications, Inc.
TWOWAY Communications, Inc. engages in the research and development, manufacturing, and sale of indoor and outdoor RF, and optical transmission equipment in Taiwan, the United States, rest of Asia, Europe, and internationally. It offers broadband amplifiers, optical nodes, and head-end optronics for the cable television and telecommunications industries. The company also provides fiber to the hom… Read more
TWOWAY Communications, Inc. (8045) - Net Assets
Latest net assets as of September 2025: NT$1.98 Billion TWD
Based on the latest financial reports, TWOWAY Communications, Inc. (8045) has net assets worth NT$1.98 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$2.59 Billion) and total liabilities (NT$610.47 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$1.98 Billion |
| % of Total Assets | 76.43% |
| Annual Growth Rate | 26.07% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 16.64 |
TWOWAY Communications, Inc. - Net Assets Trend (2021–2024)
This chart illustrates how TWOWAY Communications, 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 TWOWAY Communications, Inc. (2021–2024)
The table below shows the annual net assets of TWOWAY Communications, Inc. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.14 Billion | +45.26% |
| 2023-12-31 | NT$1.47 Billion | +31.25% |
| 2022-12-31 | NT$1.12 Billion | +5.11% |
| 2021-12-31 | NT$1.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TWOWAY Communications, 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 152.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$265.15 Million | 12.42% |
| Other Components | NT$1.87 Billion | 87.58% |
| Total Equity | NT$2.14 Billion | 100.00% |
TWOWAY Communications, Inc. Competitors by Market Cap
The table below lists competitors of TWOWAY Communications, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sam Yung Tradi
KO:002810
|
$125.59 Million |
|
Copperbank Resources Corp
OTCQX:CPPKF
|
$125.70 Million |
|
Zhejiang Hengwei Battery Co. Ltd.
SHE:301222
|
$125.80 Million |
|
CAC Holdings Corporation
F:CB4
|
$125.82 Million |
|
Datamatics Global Services Limited
NSE:DATAMATICS
|
$125.49 Million |
|
SYNLAB AG
HM:SYAB
|
$125.49 Million |
|
Jiangshan Oupai Door Industry Co Ltd
SHG:603208
|
$125.47 Million |
|
Banvida
SN:BANVIDA
|
$125.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TWOWAY Communications, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,471,200,000 to 2,135,688,000, a change of 664,488,000 (45.2%).
- Net income of 201,666,000 contributed positively to equity growth.
- Dividend payments of 366,844,000 reduced retained earnings.
- New share issuances of 802,415,000 increased equity.
- Other factors increased equity by 27,251,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$201.67 Million | +9.44% |
| Dividends Paid | NT$366.84 Million | -17.18% |
| Share Issuances | NT$802.41 Million | +37.57% |
| Other Changes | NT$27.25 Million | +1.28% |
| Total Change | NT$- | 45.17% |
Book Value vs Market Value Analysis
This analysis compares TWOWAY Communications, 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: 3.47x
- 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 6.08x to 3.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | NT$13.08 | NT$79.50 | x |
| 2022-12-31 | NT$13.75 | NT$79.50 | x |
| 2023-12-31 | NT$18.05 | NT$79.50 | x |
| 2024-12-31 | NT$22.89 | NT$79.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TWOWAY Communications, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.62%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.32x
- Recent ROE (9.44%) is below the historical average (11.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 4.45% | 4.04% | 0.55x | 2.00x | NT$-59.18 Million |
| 2022 | 5.55% | 6.11% | 0.55x | 1.66x | NT$-49.83 Million |
| 2023 | 27.73% | 17.54% | 0.90x | 1.76x | NT$260.81 Million |
| 2024 | 9.44% | 11.62% | 0.62x | 1.32x | NT$-11.90 Million |
Industry Comparison
This section compares TWOWAY Communications, Inc.'s net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $4,087,269,200
- Average return on equity (ROE) among peers: -4.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TWOWAY Communications, Inc. (8045) | NT$1.98 Billion | 4.45% | 0.31x | $125.50 Million |
| Microelectronics Technology Inc (2314) | $2.46 Billion | -37.09% | 1.51x | $36.51 Million |
| Tecom Co Ltd (2321) | $530.15 Million | -16.22% | 4.00x | $4.22 Million |
| D-Link Corp (2332) | $13.60 Billion | 4.76% | 0.80x | $217.00 Million |
| Accton Technology Corp (2345) | $6.43 Billion | -9.64% | 0.97x | $22.08 Billion |
| Hitron Technologies Inc (2419) | $1.72 Billion | 0.29% | 1.37x | $106.12 Million |
| Abocom Systems Inc (2444) | $1.08 Billion | 1.09% | 1.04x | $38.22 Million |
| Zinwell Corporation (2485) | $6.81 Billion | 0.46% | 0.24x | $175.23 Million |
| Loop Telecommunication International Inc (3025) | $665.75 Million | 0.00% | 0.74x | $77.34 Million |
| Edimax Technology Co Ltd (3047) | $2.57 Billion | 5.51% | 0.79x | $96.92 Million |
| CyberTAN Technology Inc (3062) | $5.01 Billion | 1.39% | 0.48x | $227.43 Million |