Single Well Industrial (3490) - Net Assets
Based on the latest financial reports, Single Well Industrial (3490) has net assets worth NT$1.26 Billion TWD (≈ $39.85 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.87 Billion ≈ $58.92 Million USD) and total liabilities (NT$605.23 Million ≈ $19.07 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 Single Well Industrial asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.26 Billion |
| % of Total Assets | 67.64% |
| Annual Growth Rate | -0.59% |
| 5-Year Change | 8.88% |
| 10-Year Change | N/A |
| Growth Volatility | 11.84 |
Single Well Industrial - Net Assets Trend (2017–2024)
This chart illustrates how Single Well Industrial's net assets have evolved over time, based on quarterly financial data. Also explore Single Well Industrial balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Single Well Industrial (2017–2024)
The table below shows the annual net assets of Single Well Industrial from 2017 to 2024. For live valuation and market cap data, see 3490 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.31 Billion ≈ $41.30 Million |
+2.84% |
| 2023-12-31 | NT$1.27 Billion ≈ $40.16 Million |
-1.75% |
| 2022-12-31 | NT$1.30 Billion ≈ $40.88 Million |
+0.70% |
| 2021-12-31 | NT$1.29 Billion ≈ $40.59 Million |
+7.02% |
| 2020-12-31 | NT$1.20 Billion ≈ $37.93 Million |
-21.31% |
| 2019-12-31 | NT$1.53 Billion ≈ $48.20 Million |
+20.44% |
| 2018-12-31 | NT$1.27 Billion ≈ $40.02 Million |
-7.01% |
| 2017-12-31 | NT$1.37 Billion ≈ $43.04 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Single Well 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 64.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$218.26 Million | 16.65% |
| Other Components | NT$1.09 Billion | 83.35% |
| Total Equity | NT$1.31 Billion | 100.00% |
Single Well Industrial Competitors by Market Cap
The table below lists competitors of Single Well Industrial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prinsiri Public Company Limited
BK:PRIN
|
$52.86 Million |
|
Citizens Holding Company
NASDAQ:CIZN
|
$52.86 Million |
|
Asia Hotel Public Company Limited
BK:ASIA
|
$52.86 Million |
|
Sunshine Metals Ltd
AU:SHN
|
$52.89 Million |
|
Assems Inc.
KQ:136410
|
$52.84 Million |
|
Precipitate Gold Corp
V:PRG
|
$52.81 Million |
|
VHM Ltd
AU:VHM
|
$52.75 Million |
|
Mr Bricolage
PA:ALMRB
|
$52.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Single Well Industrial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,274,657,000 to 1,310,810,000, a change of 36,153,000 (2.8%).
- Net income of 91,114,000 contributed positively to equity growth.
- Dividend payments of 66,007,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$91.11 Million | +6.95% |
| Dividends Paid | NT$66.01 Million | -5.04% |
| Other Changes | NT$11.05 Million | +0.84% |
| Total Change | NT$- | 2.84% |
Book Value vs Market Value Analysis
This analysis compares Single Well 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: 1.28x
- 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$24.00 | NT$30.50 | x |
| 2018-12-31 | NT$22.77 | NT$30.50 | x |
| 2019-12-31 | NT$20.60 | NT$30.50 | x |
| 2020-12-31 | NT$20.96 | NT$30.50 | x |
| 2021-12-31 | NT$22.60 | NT$30.50 | x |
| 2022-12-31 | NT$22.93 | NT$30.50 | x |
| 2023-12-31 | NT$23.17 | NT$30.50 | x |
| 2024-12-31 | NT$23.83 | NT$30.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Single Well Industrial utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.95%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.58%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.35x
- Recent ROE (6.95%) is above the historical average (3.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -2.33% | -7.65% | 0.23x | 1.32x | NT$-168.73 Million |
| 2018 | -3.49% | -9.37% | 0.30x | 1.22x | NT$-171.36 Million |
| 2019 | -2.17% | -7.72% | 0.22x | 1.30x | NT$-142.90 Million |
| 2020 | 4.72% | 12.63% | 0.28x | 1.33x | NT$-63.52 Million |
| 2021 | 9.67% | 23.73% | 0.31x | 1.30x | NT$-4.21 Million |
| 2022 | 9.19% | 22.44% | 0.33x | 1.26x | NT$-10.45 Million |
| 2023 | 4.06% | 15.02% | 0.23x | 1.18x | NT$-75.66 Million |
| 2024 | 6.95% | 32.58% | 0.16x | 1.35x | NT$-39.97 Million |
Industry Comparison
This section compares Single Well Industrial's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $5,072,572,600
- Average return on equity (ROE) among peers: 9.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Single Well Industrial (3490) | NT$1.26 Billion | -2.33% | 0.48x | $52.86 Million |
| Rectron Ltd (2302) | $1.77 Billion | 6.75% | 0.22x | $97.98 Million |
| Taiwan Mask Corp (2338) | $3.62 Billion | -1.02% | 0.09x | $410.22 Million |
| SDI Corp (2351) | $6.99 Billion | 13.46% | 0.85x | $883.71 Million |
| Lingsen Precision Industries Ltd (2369) | $5.13 Billion | -3.18% | 0.49x | $348.60 Million |
| Greatek Electronics Inc (2441) | $4.55 Billion | 20.38% | 0.55x | $1.51 Billion |
| Visual Photonics Epitaxy Co Ltd (2455) | $3.46 Billion | 14.82% | 0.16x | $2.01 Billion |
| Pan Jit International Inc (2481) | $15.52 Billion | 5.92% | 0.85x | $1.22 Billion |
| Ampoc Far-East Co Ltd (2493) | $2.35 Billion | 13.12% | 0.55x | $692.88 Million |
| Episil-Precision Inc (3016) | $5.30 Billion | 12.85% | 0.45x | $815.43 Million |
| Zenitron Corp (3028) | $2.03 Billion | 10.08% | 1.88x | $510.50 Million |
About Single Well Industrial
Single Well Industrial Corporation, together with its subsidiaries, designs, manufactures, processes, and sells packaging molds, automation equipment, and solar energy products in Taiwan, the United States, and Asia. The company offers IC, TO/DO, chip resistance products, DIODE, SOT/SOD, LED, and EMC LED molds; and automated machineries, including automatic dispenser, auto loader, molding presses… Read more