Skardin Industrial (3466) - Net Assets
Based on the latest financial reports, Skardin Industrial (3466) has net assets worth NT$1.46 Billion TWD (≈ $45.96 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$1.83 Billion ≈ $57.66 Million USD) and total liabilities (NT$371.46 Million ≈ $11.70 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 how tangible is Skardin Industrial's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.46 Billion |
| % of Total Assets | 79.7% |
| Annual Growth Rate | -8.1% |
| 5-Year Change | -35.6% |
| 10-Year Change | N/A |
| Growth Volatility | 8.46 |
Skardin Industrial - Net Assets Trend (2017–2024)
This chart illustrates how Skardin Industrial's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Skardin Industrial to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Skardin Industrial (2017–2024)
The table below shows the annual net assets of Skardin Industrial from 2017 to 2024. For live valuation and market cap data, see Skardin Industrial stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$708.15 Million ≈ $22.31 Million |
-16.92% |
| 2023-12-31 | NT$852.32 Million ≈ $26.85 Million |
-17.77% |
| 2022-12-31 | NT$1.04 Billion ≈ $32.66 Million |
+1.50% |
| 2021-12-31 | NT$1.02 Billion ≈ $32.17 Million |
-7.13% |
| 2020-12-31 | NT$1.10 Billion ≈ $34.65 Million |
-15.71% |
| 2019-12-31 | NT$1.30 Billion ≈ $41.10 Million |
+3.63% |
| 2018-12-31 | NT$1.26 Billion ≈ $39.66 Million |
-1.62% |
| 2017-12-31 | NT$1.28 Billion ≈ $40.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Skardin Industrial'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 405.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.27 Billion | 179.84% |
| Total Equity | NT$708.15 Million | 100.00% |
Skardin Industrial Competitors by Market Cap
The table below lists competitors of Skardin Industrial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dye & Durham Ltd
TO:DND
|
$83.10 Million |
|
Les Docks des Pétroles d-Ambès - SA
PA:DPAM
|
$83.13 Million |
|
Aardvark Therapeutics, Inc. Common Stock
NASDAQ:AARD
|
$83.17 Million |
|
BIEN SPAREB.AS NK 34375
F:JX0
|
$83.18 Million |
|
Maan Aluminium Limited
NSE:MAANALU
|
$83.07 Million |
|
Niloerngruppen AB Series B
ST:NIL-B
|
$83.04 Million |
|
Auburn National Bancorporation Inc
NASDAQ:AUBN
|
$83.03 Million |
|
Wilmar Cahaya Indonesia Tbk
JK:CEKA
|
$82.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Skardin Industrial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 852,324,000 to 708,148,000, a change of -144,176,000 (-16.9%).
- Net loss of 157,539,000 reduced equity.
- New share issuances of 3,760,000 increased equity.
- Other factors increased equity by 9,603,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-157.54 Million | -22.25% |
| Share Issuances | NT$3.76 Million | +0.53% |
| Other Changes | NT$9.60 Million | +1.36% |
| Total Change | NT$- | -16.92% |
Book Value vs Market Value Analysis
This analysis compares Skardin Industrial'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: 3.02x
- 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 increased from 1.61x to 3.02x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$21.01 | NT$33.85 | x |
| 2018-12-31 | NT$20.67 | NT$33.85 | x |
| 2019-12-31 | NT$21.43 | NT$33.85 | x |
| 2020-12-31 | NT$18.06 | NT$33.85 | x |
| 2021-12-31 | NT$16.77 | NT$33.85 | x |
| 2022-12-31 | NT$17.02 | NT$33.85 | x |
| 2023-12-31 | NT$13.94 | NT$33.85 | x |
| 2024-12-31 | NT$11.19 | NT$33.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Skardin Industrial utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -22.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -56.52%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.85x
- Recent ROE (-22.25%) is below the historical average (-9.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -13.44% | -8.35% | 1.02x | 1.58x | NT$-299.94 Million |
| 2018 | -2.23% | -1.19% | 1.07x | 1.75x | NT$-153.98 Million |
| 2019 | 5.14% | 3.10% | 1.10x | 1.51x | NT$-63.41 Million |
| 2020 | -13.79% | -14.96% | 0.61x | 1.51x | NT$-261.58 Million |
| 2021 | -7.79% | -7.65% | 0.68x | 1.49x | NT$-181.69 Million |
| 2022 | 0.41% | 0.36% | 0.64x | 1.76x | NT$-99.43 Million |
| 2023 | -21.62% | -23.57% | 0.48x | 1.92x | NT$-269.47 Million |
| 2024 | -22.25% | -56.52% | 0.21x | 1.85x | NT$-228.35 Million |
Industry Comparison
This section compares Skardin Industrial's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $5,429,866,600
- Average return on equity (ROE) among peers: 3.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Skardin Industrial (3466) | NT$1.46 Billion | -13.44% | 0.25x | $83.07 Million |
| Microelectronics Technology Inc (2314) | $2.46 Billion | -37.09% | 1.51x | $22.25 Million |
| Tecom Co Ltd (2321) | $4.84 Billion | 0.00% | 0.91x | $12.74 Million |
| D-Link Corp (2332) | $9.00 Billion | 2.66% | 0.61x | $343.15 Million |
| Accton Technology Corp (2345) | $20.43 Billion | 39.97% | 1.25x | $43.93 Billion |
| Hitron Technologies Inc (2419) | $3.48 Billion | 6.42% | 1.06x | $300.15 Million |
| Abocom Systems Inc (2444) | $1.33 Billion | 0.00% | 1.55x | $43.84 Million |
| Zinwell Corporation (2485) | $7.16 Billion | 8.46% | 0.31x | $630.56 Million |
| Loop Telecommunication International Inc (3025) | $926.82 Million | 10.19% | 0.29x | $126.02 Million |
| Edimax Technology Co Ltd (3047) | $453.99 Million | 0.00% | 2.16x | $118.88 Million |
| CyberTAN Technology Inc (3062) | $4.22 Billion | 8.99% | 0.40x | $265.14 Million |
About Skardin Industrial
Skardin Industrial Corporation, a consumer electronics manufacturing company, manufactures, supplies, and exports set top box and broadband industry solutions in Taiwan and internationally. The company offers STB platforms, smart home products, WIFI speakers, hybrid sound base and sound bars, and software/middleware products. Skardin Industrial Corporation was incorporated in 1982 and is based in… Read more