Higher Way Electronic Co Ltd
Higher Way Electronic Co., Ltd. engages in the sale of consumer, multimedia, and micro controller IC in Taiwan, Hong Kong, Mainland China, the United States, and internationally. It develops IC software and firmware; and provides images, audio, micro controllers, wireless transmission, sensors, apps, and algorithms, as well as design services. The company offers video products, such as multimedia… Read more
Higher Way Electronic Co Ltd (3268) - Net Assets
Latest net assets as of September 2025: NT$482.32 Million TWD
Based on the latest financial reports, Higher Way Electronic Co Ltd (3268) has net assets worth NT$482.32 Million TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.03 Billion) and total liabilities (NT$548.21 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$482.32 Million |
| % of Total Assets | 46.8% |
| Annual Growth Rate | 1.2% |
| 5-Year Change | 17.65% |
| 10-Year Change | N/A |
| Growth Volatility | 7.75 |
Higher Way Electronic Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Higher Way Electronic Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Higher Way Electronic Co Ltd (2017–2024)
The table below shows the annual net assets of Higher Way Electronic Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$542.03 Million | +9.13% |
| 2023-12-31 | NT$496.68 Million | -3.77% |
| 2022-12-31 | NT$516.13 Million | +17.23% |
| 2021-12-31 | NT$440.27 Million | -4.43% |
| 2020-12-31 | NT$460.70 Million | -3.34% |
| 2019-12-31 | NT$476.62 Million | -2.90% |
| 2018-12-31 | NT$490.83 Million | -1.54% |
| 2017-12-31 | NT$498.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Higher Way Electronic 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 decreased by 20.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$54.90 Million | 10.13% |
| Other Components | NT$487.13 Million | 89.87% |
| Total Equity | NT$542.03 Million | 100.00% |
Higher Way Electronic Co Ltd Competitors by Market Cap
The table below lists competitors of Higher Way Electronic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gielda Praw Majatkowych Vindexus S.A.
WAR:VIN
|
$12.30 Million |
|
Nanogroup SA
WAR:NNG
|
$12.30 Million |
|
Avenira Limited
PINK:MMMKF
|
$12.30 Million |
|
Qingdao Hengshun Zhongsheng
SHE:300208
|
$12.31 Million |
|
Malayan United Industries Bhd
KLSE:3891
|
$12.30 Million |
|
Genie Networks Limited
TWO:8298
|
$12.29 Million |
|
Team Precision Public Company Limited
BK:TEAM
|
$12.29 Million |
|
MUEHLHAN
HM:M4N
|
$12.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Higher Way Electronic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 496,679,000 to 542,028,000, a change of 45,349,000 (9.1%).
- Net income of 8,834,000 contributed positively to equity growth.
- Other factors increased equity by 36,515,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$8.83 Million | +1.63% |
| Other Changes | NT$36.52 Million | +6.74% |
| Total Change | NT$- | 9.13% |
Book Value vs Market Value Analysis
This analysis compares Higher Way Electronic 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: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$14.91 | NT$15.85 | x |
| 2018-12-31 | NT$14.68 | NT$15.85 | x |
| 2019-12-31 | NT$14.26 | NT$15.85 | x |
| 2020-12-31 | NT$13.78 | NT$15.85 | x |
| 2021-12-31 | NT$13.17 | NT$15.85 | x |
| 2022-12-31 | NT$15.44 | NT$15.85 | x |
| 2023-12-31 | NT$14.86 | NT$15.85 | x |
| 2024-12-31 | NT$15.61 | NT$15.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Higher Way Electronic Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.91%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.08x
- Recent ROE (1.63%) is above the historical average (0.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -11.27% | -5.74% | 1.03x | 1.91x | NT$-106.05 Million |
| 2018 | -3.56% | -2.11% | 0.87x | 1.94x | NT$-66.57 Million |
| 2019 | -3.93% | -1.99% | 0.95x | 2.08x | NT$-66.41 Million |
| 2020 | 6.52% | 2.58% | 1.40x | 1.81x | NT$-16.02 Million |
| 2021 | 7.22% | 2.14% | 1.86x | 1.81x | NT$-12.26 Million |
| 2022 | 9.93% | 4.17% | 1.32x | 1.81x | NT$-338.50K |
| 2023 | -1.32% | -0.63% | 1.12x | 1.88x | NT$-56.23 Million |
| 2024 | 1.63% | 0.91% | 0.86x | 2.08x | NT$-45.37 Million |
Industry Comparison
This section compares Higher Way Electronic Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $20,387,667,400
- Average return on equity (ROE) among peers: -0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Higher Way Electronic Co Ltd (3268) | NT$482.32 Million | -11.27% | 1.14x | $12.30 Million |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Winbond Electronics Corp (2344) | $78.11 Billion | 0.00% | 0.35x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |