Cubtek Inc.
Cubtek Inc. researches and develops, designs, manufactures, and sells automotive safety parts and systems in Taiwan, China, and internationally. It offers ADAS systems for commercial and passenger vehicles. It also provides radar products, including steering assist, long and short range, blind spot and reversing dual channel, in cabin monitoring, 4D imaging, and front blind spot radars. In additi… Read more
Cubtek Inc. (2252) - Net Assets
Latest net assets as of June 2025: NT$733.53 Million TWD
Based on the latest financial reports, Cubtek Inc. (2252) has net assets worth NT$733.53 Million TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.04 Billion) and total liabilities (NT$308.84 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$733.53 Million |
| % of Total Assets | 70.37% |
| Annual Growth Rate | 14.07% |
| 5-Year Change | 115.74% |
| 10-Year Change | N/A |
| Growth Volatility | 62.21 |
Cubtek Inc. - Net Assets Trend (2019–2024)
This chart illustrates how Cubtek 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 Cubtek Inc. (2019–2024)
The table below shows the annual net assets of Cubtek Inc. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$884.68 Million | +58.47% |
| 2023-12-31 | NT$558.26 Million | -15.16% |
| 2022-12-31 | NT$658.01 Million | -31.80% |
| 2021-12-31 | NT$964.79 Million | +135.27% |
| 2020-12-31 | NT$410.07 Million | -10.46% |
| 2019-12-31 | NT$457.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cubtek 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 decreased by 36708200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.07 Billion | 120.52% |
| Other Comprehensive Income | NT$4.10 Million | 0.46% |
| Other Components | NT$604.64 Million | 68.35% |
| Total Equity | NT$884.68 Million | 100.00% |
Cubtek Inc. Competitors by Market Cap
The table below lists competitors of Cubtek Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IMAGIS Co. Ltd
KQ:115610
|
$10.46 Million |
|
BALAXI PHARMACEUTICALS LIMITED
NSE:BALAXI
|
$10.46 Million |
|
DistIT AB (publ)
ST:DIST
|
$10.46 Million |
|
C2C Gold Corp
OTCQB:CTCGF
|
$10.47 Million |
|
Western Bulk Chartering AS
PINK:WSSTF
|
$10.46 Million |
|
Hemostemix Inc
OTCQB:HMTXF
|
$10.45 Million |
|
Bittnet Systems SA
RO:BNET
|
$10.44 Million |
|
Republic Power Group Limited Class A Ordinary Shares
NASDAQ:RPGL
|
$10.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cubtek Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 558,264,000 to 884,678,000, a change of 326,414,000 (58.5%).
- Net income of 34,647,000 contributed positively to equity growth.
- New share issuances of 297,000,000 increased equity.
- Other comprehensive income decreased equity by 189,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$34.65 Million | +3.92% |
| Share Issuances | NT$297.00 Million | +33.57% |
| Other Comprehensive Income | NT$-189.00K | -0.02% |
| Other Changes | NT$-5.04 Million | -0.57% |
| Total Change | NT$- | 58.47% |
Book Value vs Market Value Analysis
This analysis compares Cubtek 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: 1.51x
- 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 1.97x to 1.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$7.09 | NT$13.95 | x |
| 2020-12-31 | NT$6.38 | NT$13.95 | x |
| 2021-12-31 | NT$11.20 | NT$13.95 | x |
| 2022-12-31 | NT$7.30 | NT$13.95 | x |
| 2023-12-31 | NT$5.88 | NT$13.95 | x |
| 2024-12-31 | NT$9.26 | NT$13.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cubtek Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.44%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.52x
- Recent ROE (3.92%) is above the historical average (-23.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -36.71% | -145.92% | 0.16x | 1.54x | NT$-213.91 Million |
| 2020 | -12.26% | -8.80% | 0.47x | 2.95x | NT$-91.28 Million |
| 2021 | 1.51% | 1.62% | 0.61x | 1.51x | NT$-81.94 Million |
| 2022 | -47.60% | -95.56% | 0.28x | 1.78x | NT$-379.02 Million |
| 2023 | -50.98% | -46.42% | 0.59x | 1.86x | NT$-340.42 Million |
| 2024 | 3.92% | 6.44% | 0.40x | 1.52x | NT$-53.82 Million |
Industry Comparison
This section compares Cubtek Inc.'s net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,045,310,500
- Average return on equity (ROE) among peers: -15.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cubtek Inc. (2252) | NT$733.53 Million | -36.71% | 0.42x | $10.46 Million |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | 0.00% | 1.41x | $45.05 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |