Kingstate Electronics (3206) - Net Assets
Based on the latest financial reports, Kingstate Electronics (3206) has net assets worth NT$1.55 Billion TWD (≈ $48.92 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.10 Billion ≈ $97.58 Million USD) and total liabilities (NT$1.54 Billion ≈ $48.66 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 financial resilience of Kingstate Electronics to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.55 Billion |
| % of Total Assets | 50.13% |
| Annual Growth Rate | 10.73% |
| 5-Year Change | 69.8% |
| 10-Year Change | N/A |
| Growth Volatility | 5.0 |
Kingstate Electronics - Net Assets Trend (2017–2024)
This chart illustrates how Kingstate Electronics's net assets have evolved over time, based on quarterly financial data. Also explore 3206 total assets for the complete picture of this company's asset base.
Annual Net Assets for Kingstate Electronics (2017–2024)
The table below shows the annual net assets of Kingstate Electronics from 2017 to 2024. For live valuation and market cap data, see Kingstate Electronics market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.74 Billion ≈ $54.82 Million |
+20.96% |
| 2023-12-31 | NT$1.44 Billion ≈ $45.32 Million |
+11.08% |
| 2022-12-31 | NT$1.30 Billion ≈ $40.80 Million |
+10.64% |
| 2021-12-31 | NT$1.17 Billion ≈ $36.88 Million |
+14.21% |
| 2020-12-31 | NT$1.02 Billion ≈ $32.29 Million |
+5.92% |
| 2019-12-31 | NT$967.58 Million ≈ $30.48 Million |
+6.60% |
| 2018-12-31 | NT$907.66 Million ≈ $28.60 Million |
+6.49% |
| 2017-12-31 | NT$852.37 Million ≈ $26.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kingstate Electronics'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 157.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$562.20 Million | 35.66% |
| Other Components | NT$1.01 Billion | 64.34% |
| Total Equity | NT$1.58 Billion | 100.00% |
Kingstate Electronics Competitors by Market Cap
The table below lists competitors of Kingstate Electronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fluence Corporation Ltd
AU:FLC
|
$63.89 Million |
|
Jayant Agro Organics Limited
NSE:JAYAGROGN
|
$63.91 Million |
|
Choong Ang Vaccine Laboratory Co. Ltd
KQ:072020
|
$63.93 Million |
|
Yatra Online Inc
NASDAQ:YTRA
|
$63.94 Million |
|
Southland Holdings Inc.
NYSE MKT:SLND
|
$63.85 Million |
|
Novotek AB
ST:NTEK-B
|
$63.85 Million |
|
Datavan International
TWO:3521
|
$63.83 Million |
|
Spirax-Sarco Engineering PLC
LSE:SPX
|
$63.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kingstate Electronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,438,586,000 to 1,576,689,000, a change of 138,103,000 (9.6%).
- Net income of 241,741,000 contributed positively to equity growth.
- Dividend payments of 156,002,000 reduced retained earnings.
- Other factors increased equity by 52,364,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$241.74 Million | +15.33% |
| Dividends Paid | NT$156.00 Million | -9.89% |
| Other Changes | NT$52.36 Million | +3.32% |
| Total Change | NT$- | 9.60% |
Book Value vs Market Value Analysis
This analysis compares Kingstate Electronics'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: 1.29x
- 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 2.23x to 1.29x 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$15.42 | NT$34.40 | x |
| 2018-12-31 | NT$16.42 | NT$34.40 | x |
| 2019-12-31 | NT$17.50 | NT$34.40 | x |
| 2020-12-31 | NT$18.45 | NT$34.40 | x |
| 2021-12-31 | NT$21.20 | NT$34.40 | x |
| 2022-12-31 | NT$21.81 | NT$34.40 | x |
| 2023-12-31 | NT$24.26 | NT$34.40 | x |
| 2024-12-31 | NT$26.76 | NT$34.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kingstate Electronics utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.58%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 2.08x
- Recent ROE (15.33%) is above the historical average (14.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 8.48% | 3.06% | 1.45x | 1.91x | NT$-12.93 Million |
| 2018 | 12.81% | 4.05% | 1.45x | 2.18x | NT$25.53 Million |
| 2019 | 17.56% | 5.06% | 1.65x | 2.10x | NT$73.16 Million |
| 2020 | 15.26% | 4.61% | 1.35x | 2.45x | NT$53.90 Million |
| 2021 | 11.22% | 3.08% | 1.49x | 2.45x | NT$14.27 Million |
| 2022 | 16.38% | 5.11% | 1.47x | 2.17x | NT$82.61 Million |
| 2023 | 19.75% | 8.00% | 1.22x | 2.02x | NT$140.26 Million |
| 2024 | 15.33% | 6.58% | 1.12x | 2.08x | NT$84.07 Million |
Industry Comparison
This section compares Kingstate Electronics's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $180,200,345,300
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kingstate Electronics (3206) | NT$1.55 Billion | 8.48% | 0.99x | $63.85 Million |
| Syncmold Enterprise Corp (1582) | $184.49 Million | 15.30% | 0.73x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $6.49 Billion | 0.00% | 1.01x | $1.78 Billion |
| Delta Electronics Inc (2308) | $33.12 Billion | 20.11% | 0.96x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.84 Billion | 0.00% | 1.12x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.69 Trillion | 8.40% | 1.33x | $96.56 Billion |
| Yageo Corp (2327) | $27.35 Billion | 2.10% | 0.67x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $5.49 Billion | 6.90% | 0.48x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.10 Billion | 9.66% | 0.65x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.90 Billion | 3.31% | 0.21x | $642.50 Million |
About Kingstate Electronics
Kingstate Electronics Corp. manufactures and sells acoustic products in Taiwan and internationally. The company offers various products, including piezo buzzers, magnetic buzzers, micro speakers, dynamic receivers, Bluetooth speakers, and electret condenser microphones; and audio products, such as earphones, wired and wireless headphones, Bluetooth headphones, sports headphones, gaming headphones… Read more