BaaS Innovation Co., Ltd.
BaaS Innovation Co., Ltd. provides blockchain solutions and applications. The company offers Soteria Space, a data management and access control system based on blockchain with multi-layer encryption and multiple factor authorization; Digital certificate platform, a digital graduation certificate based on blockchain and DID; Safe Exchange; and biotechnology products. It also provides BaaSid Dynam… Read more
BaaS Innovation Co., Ltd. (3555) - Net Assets
Latest net assets as of December 2025: NT$560.32 Million TWD
Based on the latest financial reports, BaaS Innovation Co., Ltd. (3555) has net assets worth NT$560.32 Million TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$647.38 Million) and total liabilities (NT$87.06 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$560.32 Million |
| % of Total Assets | 86.55% |
| Annual Growth Rate | 15.48% |
| 5-Year Change | 88.79% |
| 10-Year Change | N/A |
| Growth Volatility | 48.57 |
BaaS Innovation Co., Ltd. - Net Assets Trend (2020–2025)
This chart illustrates how BaaS Innovation 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 BaaS Innovation Co., Ltd. (2020–2025)
The table below shows the annual net assets of BaaS Innovation Co., Ltd. from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$560.32 Million | +93.85% |
| 2024-12-31 | NT$289.05 Million | +67.65% |
| 2023-12-31 | NT$172.41 Million | -5.24% |
| 2022-12-31 | NT$181.95 Million | -38.69% |
| 2021-12-31 | NT$296.79 Million | +8.76% |
| 2020-12-31 | NT$272.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BaaS Innovation 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 grown by 2467800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$626.12 Million | 113.24% |
| Total Equity | NT$552.92 Million | 100.00% |
BaaS Innovation Co., Ltd. Competitors by Market Cap
The table below lists competitors of BaaS Innovation Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CoAsia Corporation
KQ:045970
|
$59.77 Million |
|
Thien Viet Securities JSC
VN:TVS
|
$59.79 Million |
|
Hoa Tho Textile - Garment Joint Stock Corp
VN:HTG
|
$59.80 Million |
|
A-Jin Industry Co Ltd
KQ:013310
|
$59.80 Million |
|
XCHG Limited American Depositary Share
NASDAQ:XCH
|
$59.75 Million |
|
SHENZ.INV.HLDGS BA.AR.DE.
F:HHI0
|
$59.75 Million |
|
SEIKOH GIKEN Co. Ltd
MU:GIK
|
$59.74 Million |
|
DongWon Development Co.Ltd
KQ:013120
|
$59.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BaaS Innovation Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 281,531,000 to 552,922,000, a change of 271,391,000 (96.4%).
- Net income of 44,259,000 contributed positively to equity growth.
- New share issuances of 226,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$44.26 Million | +8.0% |
| Share Issuances | NT$226.00 Million | +40.87% |
| Other Changes | NT$1.13 Million | +0.2% |
| Total Change | NT$- | 96.40% |
Book Value vs Market Value Analysis
This analysis compares BaaS Innovation 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: 11.72x
- 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 decreased from 15.30x to 11.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$10.59 | NT$162.00 | x |
| 2021-12-31 | NT$11.50 | NT$162.00 | x |
| 2022-12-31 | NT$7.06 | NT$162.00 | x |
| 2023-12-31 | NT$6.35 | NT$162.00 | x |
| 2024-12-31 | NT$9.25 | NT$162.00 | x |
| 2025-12-31 | NT$13.82 | NT$162.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BaaS Innovation Co., Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.67%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.17x
- Recent ROE (8.00%) is above the historical average (-13.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -23.24% | -41.70% | 0.43x | 1.30x | NT$-90.69 Million |
| 2021 | 8.10% | 128.24% | 0.04x | 1.55x | NT$-5.64 Million |
| 2022 | -60.50% | -473.86% | 0.09x | 1.35x | NT$-128.28 Million |
| 2023 | -11.20% | -28.02% | 0.19x | 2.15x | NT$-34.69 Million |
| 2024 | -1.85% | -8.02% | 0.19x | 1.25x | NT$-33.37 Million |
| 2025 | 8.00% | 15.67% | 0.44x | 1.17x | NT$-11.03 Million |
Industry Comparison
This section compares BaaS Innovation Co., Ltd.'s net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $1,892,408,111
- Average return on equity (ROE) among peers: 8.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BaaS Innovation Co., Ltd. (3555) | NT$560.32 Million | -23.24% | 0.16x | $59.75 Million |
| Hyweb Technology Co Ltd (5212) | $408.46 Million | 7.99% | 0.70x | $33.00 Million |
| EASYCARD Corporation (6035) | $981.05 Million | 6.15% | 12.22x | $19.91 Million |
| Egis Technology (6462) | $2.26 Billion | 26.20% | 0.60x | $245.37 Million |
| ThroughTek Co., Ltd. (6565) | $129.44 Million | -25.10% | 0.66x | $8.73 Million |
| eCloudvalley Digital Technology Co. Ltd. (6689) | $3.21 Billion | 4.79% | 0.97x | $96.30 Million |
| Acer Cyber Security Inc. (6690) | $3.14 Billion | 9.77% | 0.54x | $69.96 Million |
| 91App Inc (6741) | $3.25 Billion | 15.30% | 0.54x | $121.17 Million |
| Galaxy Software Services Corporation (6752) | $820.46 Million | 16.20% | 1.28x | $86.18 Million |
| Green World Fintech Service Co. Ltd. (6763) | $2.82 Billion | 14.06% | 1.38x | $114.92 Million |