Browave Net Assets
Browave net assets. Based on the latest financial reports, Browave (3163) has net assets worth NT$3.19 Billion TWD (≈ $100.60 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$4.30 Billion ≈ $135.40 Million USD) and total liabilities (NT$1.10 Billion ≈ $34.80 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. See 3163 net asset quality score to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.19 Billion |
| % of Total Assets | 74.3% |
| Annual Growth Rate | 9.42% |
| 5-Year Change | 69.39% |
| 10-Year Change | N/A |
| Growth Volatility | 9.55 |
Net Assets of Browave (2017–2025)
Net assets of Browave from 2017 to 2025. This chart illustrates how Browave's net assets have evolved over time, based on quarterly financial data. Also explore 3163 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Browave (2017–2025)
The table below shows the annual net assets of Browave from 2017 to 2025. For live market cap and overall valuation, see 3163 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.07 Billion ≈ $96.82 Million |
+8.32% |
| 2024-12-31 | NT$2.84 Billion ≈ $89.39 Million |
+8.38% |
| 2023-12-31 | NT$2.62 Billion ≈ $82.48 Million |
+18.44% |
| 2022-12-31 | NT$2.21 Billion ≈ $69.64 Million |
+21.83% |
| 2021-12-31 | NT$1.81 Billion ≈ $57.16 Million |
-3.28% |
| 2020-12-31 | NT$1.88 Billion ≈ $59.09 Million |
+18.65% |
| 2019-12-31 | NT$1.58 Billion ≈ $49.80 Million |
+12.42% |
| 2018-12-31 | NT$1.41 Billion ≈ $44.30 Million |
-6.00% |
| 2017-12-31 | NT$1.50 Billion ≈ $47.13 Million |
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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.
Browave Net Assets Breakdown (December 2025)
Browave net assets breakdown by equity component as of 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 |
|---|---|
|
Xianhe Co Ltd
SHG:603733
|
$1.65 Billion |
|
Xiamen Kingdomway Group Co
SHE:002626
|
$1.65 Billion |
|
Grg Metrology
SHE:002967
|
$1.65 Billion |
|
BBMG Corp Class A
SHG:601992
|
$1.65 Billion |
|
Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd
SHG:600116
|
$1.65 Billion |
|
Lotte Energy Materials Corporation
KO:020150
|
$1.64 Billion |
|
Photronics Inc
NASDAQ:PLAB
|
$1.64 Billion |
|
Bursa Malaysia Bhd
KLSE:1818
|
$1.64 Billion |
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: 17.00x
- 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 27.45x to 17.00x 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$552.00 | x |
| 2018-12-31 | NT$22.78 | NT$552.00 | x |
| 2019-12-31 | NT$23.04 | NT$552.00 | x |
| 2020-12-31 | NT$25.09 | NT$552.00 | x |
| 2021-12-31 | NT$22.64 | NT$552.00 | x |
| 2022-12-31 | NT$27.27 | NT$552.00 | x |
| 2023-12-31 | NT$32.50 | NT$552.00 | x |
| 2024-12-31 | NT$29.98 | NT$552.00 | x |
| 2025-12-31 | NT$32.47 | NT$552.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Browave utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.52%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.29x
- Recent ROE (16.31%) is above the historical average (10.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -1.56% | -1.05% | 0.98x | 1.51x | NT$-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: $5,371,096,600
- Average return on equity (ROE) among peers: -0.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Browave (3163) | NT$3.19 Billion | -1.56% | 0.35x | $1.65 Billion |
| Microelectronics Technology Inc (2314) | $2.46 Billion | -37.09% | 1.51x | $13.21 Million |
| Tecom Co Ltd (2321) | $409.37 Million | -19.23% | 5.10x | $24.54 Million |
| D-Link Corp (2332) | $17.74 Billion | 14.21% | 0.71x | $388.28 Million |
| Accton Technology Corp (2345) | $12.97 Billion | 9.21% | 0.27x | $31.26 Billion |
| Hitron Technologies Inc (2419) | $3.04 Billion | 9.52% | 0.89x | $277.38 Million |
| Abocom Systems Inc (2444) | $980.48 Million | -1.62% | 1.10x | $46.88 Million |
| Zinwell Corporation (2485) | $6.86 Billion | 13.06% | 0.38x | $384.34 Million |
| Loop Telecommunication International Inc (3025) | $750.59 Million | 1.05% | 0.56x | $96.53 Million |
| Edimax Technology Co Ltd (3047) | $3.05 Billion | 7.46% | 1.50x | $102.40 Million |
| CyberTAN Technology Inc (3062) | $5.46 Billion | 0.94% | 0.46x | $231.03 Million |
About 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 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-mainta… Read more