Browave
Browave Corporation engages in the design, manufacture, and sale of optical fiber communication components in Taiwan and internationally. The company's products include wavelength division multiplexing (WDM) and optical splitter modules; component, such as WDM, amplifier, and optical splitter devices; optical connectors and MPO/MTP jumpers; and optical parts, including fiber arrays, polarization-… Read more
Browave (3163) - Net Assets
Latest net assets as of December 2025: NT$3.07 Billion TWD
Based on the latest financial reports, Browave (3163) has net assets worth NT$3.07 Billion TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.96 Billion) and total liabilities (NT$887.78 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$3.07 Billion |
| % of Total Assets | 77.59% |
| Annual Growth Rate | 9.42% |
| 5-Year Change | 69.39% |
| 10-Year Change | N/A |
| Growth Volatility | 9.55 |
Browave - Net Assets Trend (2017–2025)
This chart illustrates how Browave's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Browave (2017–2025)
The table below shows the annual net assets of Browave from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.07 Billion | +8.32% |
| 2024-12-31 | NT$2.84 Billion | +8.38% |
| 2023-12-31 | NT$2.62 Billion | +18.44% |
| 2022-12-31 | NT$2.21 Billion | +21.83% |
| 2021-12-31 | NT$1.81 Billion | -3.28% |
| 2020-12-31 | NT$1.88 Billion | +18.65% |
| 2019-12-31 | NT$1.58 Billion | +12.42% |
| 2018-12-31 | NT$1.41 Billion | -6.00% |
| 2017-12-31 | NT$1.50 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Browave'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 151.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.36 Billion | 44.36% |
| Other Components | NT$1.71 Billion | 55.64% |
| Total Equity | NT$3.07 Billion | 100.00% |
Browave Competitors by Market Cap
The table below lists competitors of Browave ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lotus Retail Growth Freehold and Leasehold Property Fund
BK:LPF
|
$552.62 Million |
|
Télévision Française 1 Société anonyme
PINK:TVFCF
|
$552.75 Million |
|
NEW HORIZ.HEAL. DL-00005
F:6YZ
|
$552.84 Million |
|
Silicon2 Co. Ltd.
KQ:257720
|
$552.95 Million |
|
Sionna Therapeutics, Inc. Common Stock
NASDAQ:SION
|
$552.47 Million |
|
Shenzhen Bingchuan Network Co Ltd
SHE:300533
|
$552.40 Million |
|
Chennai Petroleum Corporation Limited
NSE:CHENNPETRO
|
$552.36 Million |
|
Green Cross Corp
KO:006280
|
$552.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Browave's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,837,169,000 to 3,073,169,000, a change of 236,000,000 (8.3%).
- Net income of 501,149,000 contributed positively to equity growth.
- Dividend payments of 241,622,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$501.15 Million | +16.31% |
| Dividends Paid | NT$241.62 Million | -7.86% |
| Other Changes | NT$-23.53 Million | -0.77% |
| Total Change | NT$- | 8.32% |
Book Value vs Market Value Analysis
This analysis compares Browave'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: 23.27x
- 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 44.15x to 23.27x 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$20.11 | NT$888.00 | x |
| 2018-12-31 | NT$22.78 | NT$888.00 | x |
| 2019-12-31 | NT$23.04 | NT$888.00 | x |
| 2020-12-31 | NT$25.09 | NT$888.00 | x |
| 2021-12-31 | NT$22.64 | NT$888.00 | x |
| 2022-12-31 | NT$27.27 | NT$888.00 | x |
| 2023-12-31 | NT$32.50 | NT$888.00 | x |
| 2024-12-31 | NT$35.23 | NT$888.00 | x |
| 2025-12-31 | NT$38.16 | NT$888.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Browave utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.52%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.29x
- Recent ROE (16.31%) is above the historical average (10.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -1.56% | -1.05% | 0.98x | 1.51x | NT$-172.95 Million |
| 2018 | 5.14% | 2.97% | 1.01x | 1.71x | NT$-68.40 Million |
| 2019 | 8.90% | 5.81% | 0.90x | 1.70x | NT$-17.31 Million |
| 2020 | 12.21% | 7.43% | 1.01x | 1.62x | NT$41.52 Million |
| 2021 | 4.50% | 3.56% | 0.80x | 1.59x | NT$-99.78 Million |
| 2022 | 20.43% | 14.07% | 0.95x | 1.52x | NT$230.55 Million |
| 2023 | 16.65% | 15.68% | 0.78x | 1.36x | NT$173.99 Million |
| 2024 | 16.32% | 23.85% | 0.53x | 1.28x | NT$179.35 Million |
| 2025 | 16.31% | 22.52% | 0.56x | 1.29x | NT$193.83 Million |
Industry Comparison
This section compares Browave'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 |
|---|---|---|---|---|
| Browave (3163) | NT$3.07 Billion | -1.56% | 0.29x | $552.58 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 |