Hi Sharp Electronics Co Ltd (3128) - Net Assets
Based on the latest financial reports, Hi Sharp Electronics Co Ltd (3128) has net assets worth NT$805.98 Million TWD (≈ $25.39 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.79 Billion ≈ $56.48 Million USD) and total liabilities (NT$986.85 Million ≈ $31.09 Million USD). 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. Check tangible equity quality of Hi Sharp Electronics Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$805.98 Million |
| % of Total Assets | 44.96% |
| Annual Growth Rate | 4.05% |
| 5-Year Change | 36.46% |
| 10-Year Change | N/A |
| Growth Volatility | 5.51 |
Hi Sharp Electronics Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Hi Sharp Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. See Hi Sharp Electronics Co Ltd (3128) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hi Sharp Electronics Co Ltd (2017–2025)
The table below shows the annual net assets of Hi Sharp Electronics Co Ltd from 2017 to 2025. For live valuation and market cap data, see 3128 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$805.98 Million ≈ $25.39 Million |
+17.07% |
| 2024-12-31 | NT$688.48 Million ≈ $21.69 Million |
+5.75% |
| 2023-12-31 | NT$651.04 Million ≈ $20.51 Million |
+3.38% |
| 2022-12-31 | NT$629.76 Million ≈ $19.84 Million |
+6.62% |
| 2021-12-31 | NT$590.65 Million ≈ $18.61 Million |
+1.11% |
| 2020-12-31 | NT$584.19 Million ≈ $18.41 Million |
+0.97% |
| 2019-12-31 | NT$578.56 Million ≈ $18.23 Million |
-0.39% |
| 2018-12-31 | NT$580.82 Million ≈ $18.30 Million |
-1.02% |
| 2017-12-31 | NT$586.80 Million ≈ $18.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hi Sharp Electronics Co 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 116.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$99.74 Million | 12.69% |
| Other Components | NT$686.17 Million | 87.31% |
| Total Equity | NT$785.91 Million | 100.00% |
Hi Sharp Electronics Co Ltd Competitors by Market Cap
The table below lists competitors of Hi Sharp Electronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Corentec Co Ltd
KQ:104540
|
$36.00 Million |
|
Malton Bhd
KLSE:6181
|
$36.01 Million |
|
NBI Bearings Europe S.A.
MC:NBI
|
$36.01 Million |
|
Spencer's Retail Limited
NSE:SPENCERS
|
$36.02 Million |
|
Beaconsmind AG
PA:MLBMD
|
$35.99 Million |
|
Generation Bio Co
NASDAQ:GBIO
|
$35.98 Million |
|
Boer Power Holdings Limited
F:BOE
|
$35.98 Million |
|
Excelsior Biopharma
TWO:6496
|
$35.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hi Sharp Electronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 670,004,000 to 785,909,000, a change of 115,905,000 (17.3%).
- Net income of 61,546,000 contributed positively to equity growth.
- Dividend payments of 8,400,000 reduced retained earnings.
- New share issuances of 12,964,000 increased equity.
- Other factors increased equity by 49,795,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$61.55 Million | +7.83% |
| Dividends Paid | NT$8.40 Million | -1.07% |
| Share Issuances | NT$12.96 Million | +1.65% |
| Other Changes | NT$49.80 Million | +6.34% |
| Total Change | NT$- | 17.30% |
Book Value vs Market Value Analysis
This analysis compares Hi Sharp Electronics Co 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: 1.45x
- 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 1.78x to 1.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$13.58 | NT$24.15 | x |
| 2018-12-31 | NT$13.55 | NT$24.15 | x |
| 2019-12-31 | NT$13.62 | NT$24.15 | x |
| 2020-12-31 | NT$13.74 | NT$24.15 | x |
| 2021-12-31 | NT$13.87 | NT$24.15 | x |
| 2022-12-31 | NT$14.90 | NT$24.15 | x |
| 2023-12-31 | NT$13.85 | NT$24.15 | x |
| 2024-12-31 | NT$14.73 | NT$24.15 | x |
| 2025-12-31 | NT$16.61 | NT$24.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hi Sharp Electronics Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.61%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.28x
- Recent ROE (7.83%) is above the historical average (6.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 1.64% | 1.24% | 0.83x | 1.58x | NT$-47.70 Million |
| 2018 | 2.71% | 2.01% | 0.89x | 1.52x | NT$-41.50 Million |
| 2019 | 4.45% | 3.04% | 0.88x | 1.67x | NT$-31.36 Million |
| 2020 | 4.51% | 3.04% | 0.83x | 1.79x | NT$-31.28 Million |
| 2021 | 5.83% | 3.59% | 0.85x | 1.92x | NT$-23.95 Million |
| 2022 | 12.09% | 6.89% | 0.86x | 2.04x | NT$12.74 Million |
| 2023 | 5.89% | 3.81% | 0.79x | 1.95x | NT$-25.88 Million |
| 2024 | 10.47% | 6.38% | 0.67x | 2.45x | NT$3.17 Million |
| 2025 | 7.83% | 5.61% | 0.61x | 2.28x | NT$-17.04 Million |
Industry Comparison
This section compares Hi Sharp Electronics Co Ltd's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $3,595,316,000
- Average return on equity (ROE) among peers: 11.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hi Sharp Electronics Co Ltd (3128) | NT$805.98 Million | 1.64% | 1.22x | $36.00 Million |
| Everspring Industry Co Ltd (2390) | $3.91 Billion | 36.47% | 0.11x | $74.64 Million |
| Hunt Electronic Co Ltd (3297) | $704.01 Million | -3.13% | 0.24x | $35.89 Million |
| GeoVision Inc (3356) | $1.51 Billion | -11.56% | 0.66x | $150.86 Million |
| Vivotek Inc (3454) | $2.90 Billion | 8.65% | 0.64x | $271.10 Million |
| EverFocus Electronics Corp (5484) | $1.44 Billion | 13.35% | 0.39x | $99.76 Million |
| Taiwan Secom Co Ltd (9917) | $9.04 Billion | 18.82% | 0.39x | $1.64 Billion |
| Taiwan Shin Kong Security Co Ltd (9925) | $5.66 Billion | 14.44% | 0.55x | $492.66 Million |
About Hi Sharp Electronics Co Ltd
Hi Sharp Intelligence Technology Co.,Ltd. develops, manufactures, sells, and installs intelligence surveillance products in Taiwan. The company offers camera and network video recorder (NVR)/DVR compliant products; analog products, including hybrid cameras, full color series, value-plus analog cameras, and hybrid DVR; network products, such as Taiwan chipset IPCs, face detection IPCs, value-plus … Read more