Ways Technical Ltd
Ways Technical Corp., Ltd. manufactures and process plastic daily necessities, surface treatment products, and electronic parts and components in Taiwan, China, and internationally. The company offers tooling center, plastic/metal center, surface treatment center, and assembly center services, organic photovoltaics, energy storage solutions, and miniature super-capacitors. It also manufactures, p… Read more
Ways Technical Ltd (3508) - Net Assets
Latest net assets as of September 2025: NT$460.71 Million TWD
Based on the latest financial reports, Ways Technical Ltd (3508) has net assets worth NT$460.71 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$2.54 Billion) and total liabilities (NT$2.08 Billion). 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$460.71 Million |
| % of Total Assets | 18.16% |
| Annual Growth Rate | -12.8% |
| 5-Year Change | -49.72% |
| 10-Year Change | N/A |
| Growth Volatility | 10.47 |
Ways Technical Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Ways Technical 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 Ways Technical Ltd (2017–2024)
The table below shows the annual net assets of Ways Technical Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$562.53 Million | -21.86% |
| 2023-12-31 | NT$719.86 Million | -12.77% |
| 2022-12-31 | NT$825.21 Million | -18.46% |
| 2021-12-31 | NT$1.01 Billion | -9.54% |
| 2020-12-31 | NT$1.12 Billion | -16.13% |
| 2019-12-31 | NT$1.33 Billion | -18.63% |
| 2018-12-31 | NT$1.64 Billion | +11.69% |
| 2017-12-31 | NT$1.47 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ways Technical 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 121515100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$3.06 Billion | 480.23% |
| Total Equity | NT$636.31 Million | 100.00% |
Ways Technical Ltd Competitors by Market Cap
The table below lists competitors of Ways Technical Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gurit Holding AG
SW:GURN
|
$102.25 Million |
|
EUROCELL (WI) LS -001
F:6YQ
|
$102.27 Million |
|
Smcp SAS
PA:SMCP
|
$102.30 Million |
|
Top Union Electronics
TWO:6266
|
$102.33 Million |
|
Arwana Citramulia Tbk
JK:ARNA
|
$102.24 Million |
|
Citychamp Watch & Jewellery Group Limited
PINK:CEBTF
|
$102.24 Million |
|
C0X
F:C0X
|
$102.18 Million |
|
Caisse Regionale de Credit Agricole Mutuel Loire HauteLoire
PA:CRLO
|
$102.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ways Technical Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 789,999,000 to 636,312,000, a change of -153,687,000 (-19.5%).
- Net loss of 167,249,000 reduced equity.
- Other factors increased equity by 13,562,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-167.25 Million | -26.28% |
| Other Changes | NT$13.56 Million | +2.13% |
| Total Change | NT$- | -19.45% |
Book Value vs Market Value Analysis
This analysis compares Ways Technical 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: 6.27x
- 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 2.52x to 6.27x 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$15.57 | NT$39.25 | x |
| 2018-12-31 | NT$16.70 | NT$39.25 | x |
| 2019-12-31 | NT$13.71 | NT$39.25 | x |
| 2020-12-31 | NT$12.14 | NT$39.25 | x |
| 2021-12-31 | NT$10.93 | NT$39.25 | x |
| 2022-12-31 | NT$9.07 | NT$39.25 | x |
| 2023-12-31 | NT$7.84 | NT$39.25 | x |
| 2024-12-31 | NT$6.26 | NT$39.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ways Technical Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -26.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.76%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 4.37x
- Recent ROE (-26.28%) is below the historical average (-15.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.37% | 3.85% | 0.41x | 2.13x | NT$-98.58 Million |
| 2018 | -5.39% | -7.90% | 0.37x | 1.85x | NT$-259.08 Million |
| 2019 | -23.95% | -32.72% | 0.35x | 2.10x | NT$-471.27 Million |
| 2020 | -14.08% | -17.81% | 0.29x | 2.74x | NT$-284.32 Million |
| 2021 | -8.41% | -6.82% | 0.42x | 2.95x | NT$-199.17 Million |
| 2022 | -22.50% | -16.81% | 0.42x | 3.18x | NT$-293.07 Million |
| 2023 | -24.93% | -25.58% | 0.26x | 3.68x | NT$-275.95 Million |
| 2024 | -26.28% | -25.76% | 0.23x | 4.37x | NT$-230.88 Million |
Industry Comparison
This section compares Ways Technical Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $44,934,559,200
- Average return on equity (ROE) among peers: 11.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ways Technical Ltd (3508) | NT$460.71 Million | 3.37% | 4.51x | $102.24 Million |
| Formosa Plastics Corp (1301) | $225.33 Billion | 12.22% | 0.47x | $5.82 Billion |
| Nan Ya Plastics Corp (1303) | $142.47 Billion | 14.77% | 1.15x | $13.36 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $220.86 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $9.82 Billion | 5.76% | 0.52x | $156.91 Million |
| Taita Chemical Co Ltd (1309) | $3.69 Billion | 0.65% | 0.67x | $113.99 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $42.00 Million |
| Everlight Chemical Industrial Corp (1711) | $6.07 Billion | 11.90% | 0.51x | $317.86 Million |