Ways Technical Ltd (3508) - Net Assets
Based on the latest financial reports, Ways Technical Ltd (3508) has net assets worth NT$421.66 Million TWD (≈ $13.28 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.63 Billion ≈ $82.99 Million USD) and total liabilities (NT$2.21 Billion ≈ $69.70 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 Ways Technical Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$421.66 Million |
| % of Total Assets | 16.01% |
| Annual Growth Rate | -14.44% |
| 5-Year Change | -58.34% |
| 10-Year Change | N/A |
| Growth Volatility | 10.67 |
Ways Technical Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Ways Technical Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Ways Technical Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Ways Technical Ltd (2017–2025)
The table below shows the annual net assets of Ways Technical Ltd from 2017 to 2025. For live valuation and market cap data, see Ways Technical Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$421.66 Million ≈ $13.28 Million |
-25.04% |
| 2024-12-31 | NT$562.53 Million ≈ $17.72 Million |
-21.86% |
| 2023-12-31 | NT$719.86 Million ≈ $22.68 Million |
-12.77% |
| 2022-12-31 | NT$825.21 Million ≈ $26.00 Million |
-18.46% |
| 2021-12-31 | NT$1.01 Billion ≈ $31.89 Million |
-9.54% |
| 2020-12-31 | NT$1.12 Billion ≈ $35.25 Million |
-16.13% |
| 2019-12-31 | NT$1.33 Billion ≈ $42.03 Million |
-18.63% |
| 2018-12-31 | NT$1.64 Billion ≈ $51.65 Million |
+11.69% |
| 2017-12-31 | NT$1.47 Billion ≈ $46.24 Million |
-- |
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 136953300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$3.08 Billion | 613.01% |
| Total Equity | NT$501.70 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 |
|---|---|
|
Edisun Power Europe AG
SW:ESUN
|
$74.32 Million |
|
Perak Transit Bhd
KLSE:0186
|
$74.33 Million |
|
Fintech Ecosystem Development Corp
NASDAQ:FEXD
|
$74.36 Million |
|
Shang Gong Group Co Ltd B
SHG:900924
|
$74.40 Million |
|
Kaulin Mfg
TW:1531
|
$74.30 Million |
|
Chinese Gamer International
TWO:3083
|
$74.25 Million |
|
CORERO NETWORK SEC.LS-01
F:NYA1
|
$74.25 Million |
|
DrayTek Corp
TW:6216
|
$74.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ways Technical Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 636,312,000 to 501,703,000, a change of -134,609,000 (-21.2%).
- Net loss of 155,656,000 reduced equity.
- New share issuances of 31,102,000 increased equity.
- Other factors decreased equity by 10,055,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-155.66 Million | -31.03% |
| Share Issuances | NT$31.10 Million | +6.2% |
| Other Changes | NT$-10.05 Million | -2.0% |
| Total Change | NT$- | -21.15% |
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: 4.70x
- 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 1.47x to 4.70x 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$22.85 | x |
| 2018-12-31 | NT$16.70 | NT$22.85 | x |
| 2019-12-31 | NT$13.71 | NT$22.85 | x |
| 2020-12-31 | NT$12.14 | NT$22.85 | x |
| 2021-12-31 | NT$10.93 | NT$22.85 | x |
| 2022-12-31 | NT$9.07 | NT$22.85 | x |
| 2023-12-31 | NT$7.84 | NT$22.85 | x |
| 2024-12-31 | NT$6.26 | NT$22.85 | x |
| 2025-12-31 | NT$4.86 | NT$22.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ways Technical Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -31.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.80%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 5.25x
- Recent ROE (-31.03%) is below the historical average (-17.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.37% | 3.85% | 0.41x | 2.13x | NT$-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$-230.88 Million |
| 2025 | -31.03% | -18.80% | 0.31x | 5.25x | NT$-205.83 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: $57,109,694,600
- Average return on equity (ROE) among peers: 4.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ways Technical Ltd (3508) | NT$421.66 Million | 3.37% | 5.25x | $74.32 Million |
| Formosa Plastics Corp (1301) | $96.92 Billion | 10.21% | 0.85x | $10.33 Billion |
| Nan Ya Plastics Corp (1303) | $367.22 Billion | 14.85% | 0.48x | $22.39 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $484.79 Million |
| China General Plastics Corp (1305) | $8.24 Billion | -11.92% | 1.12x | $271.85 Million |
| Asia Polymer Corp (1308) | $5.06 Billion | 6.70% | 0.14x | $281.53 Million |
| Taita Chemical Co Ltd (1309) | $3.29 Billion | 16.28% | 1.75x | $260.54 Million |
| China Petrochemical Development Corp (1314) | $51.06 Billion | -3.66% | 0.50x | $884.79 Million |
| Ocean Plastics Co Ltd (1321) | $2.58 Billion | -10.23% | 0.69x | $211.37 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $80.00K | 0.00% | 0.25x | $42.54 Million |
| Everlight Chemical Industrial Corp (1711) | $7.32 Billion | 8.03% | 0.59x | $975.03 Million |
About Ways Technical Ltd
Ways Technical Corp., Ltd. manufactures and process plastic daily necessities, surface treatment products, and electronic 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, processes, … Read more