Senao Networks (3558) - Net Assets
Based on the latest financial reports, Senao Networks (3558) has net assets worth NT$6.28 Billion TWD (≈ $197.84 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$14.49 Billion ≈ $456.42 Million USD) and total liabilities (NT$8.21 Billion ≈ $258.58 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 Senao Networks (3558) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.28 Billion |
| % of Total Assets | 43.35% |
| Annual Growth Rate | 17.89% |
| 5-Year Change | 91.12% |
| 10-Year Change | 150.16% |
| Growth Volatility | 27.94 |
Senao Networks - Net Assets Trend (2006–2025)
This chart illustrates how Senao Networks's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Senao Networks (3558) total market value.
Annual Net Assets for Senao Networks (2006–2025)
The table below shows the annual net assets of Senao Networks from 2006 to 2025. Also explore net asset growth rate of Senao Networks to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$6.46 Billion ≈ $203.62 Million |
+1.82% |
| 2024-12-31 | NT$6.35 Billion ≈ $199.98 Million |
+30.46% |
| 2023-12-31 | NT$4.87 Billion ≈ $153.28 Million |
+9.47% |
| 2022-12-31 | NT$4.44 Billion ≈ $140.02 Million |
+31.42% |
| 2021-12-31 | NT$3.38 Billion ≈ $106.54 Million |
+9.00% |
| 2020-12-31 | NT$3.10 Billion ≈ $97.74 Million |
+4.43% |
| 2019-12-31 | NT$2.97 Billion ≈ $93.60 Million |
+4.36% |
| 2018-12-31 | NT$2.85 Billion ≈ $89.68 Million |
+7.84% |
| 2017-12-31 | NT$2.64 Billion ≈ $83.16 Million |
+2.17% |
| 2016-12-31 | NT$2.58 Billion ≈ $81.40 Million |
+0.73% |
| 2015-12-31 | NT$2.56 Billion ≈ $80.81 Million |
+16.31% |
| 2014-12-31 | NT$2.21 Billion ≈ $69.48 Million |
+18.38% |
| 2013-12-31 | NT$1.86 Billion ≈ $58.69 Million |
+80.66% |
| 2012-12-31 | NT$1.03 Billion ≈ $32.49 Million |
+21.77% |
| 2011-12-31 | NT$846.86 Million ≈ $26.68 Million |
+13.12% |
| 2010-12-31 | NT$748.61 Million ≈ $23.59 Million |
+6.53% |
| 2009-12-31 | NT$702.73 Million ≈ $22.14 Million |
+18.05% |
| 2008-12-31 | NT$595.27 Million ≈ $18.75 Million |
-0.57% |
| 2007-12-31 | NT$598.69 Million ≈ $18.86 Million |
+111.37% |
| 2006-12-31 | NT$283.24 Million ≈ $8.92 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Senao Networks'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 8108.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.91 Billion | 47.75% |
| Other Components | NT$3.19 Billion | 52.25% |
| Total Equity | NT$6.10 Billion | 100.00% |
Senao Networks Competitors by Market Cap
The table below lists competitors of Senao Networks ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Advanced Information Technology Public Company Limited
BK:AIT
|
$228.91 Million |
|
NervGen Pharma Corp.
NASDAQ:NGEN
|
$229.02 Million |
|
Hawthorn Bancshares Inc
NASDAQ:HWBK
|
$229.07 Million |
|
Guangdong Modern High Tech Fiber Co
SHE:300876
|
$229.09 Million |
|
LightWave Acquisition Corp.
NASDAQ:LWAC
|
$228.78 Million |
|
Sern Kou Resources Bhd
KLSE:7180
|
$228.72 Million |
|
AC IMMUNE SA SF-02
F:IMR
|
$228.68 Million |
|
Healius Ltd
AU:HLS
|
$228.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Senao Networks's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,027,032,000 to 6,103,518,000, a change of 76,486,000 (1.3%).
- Net income of 307,052,000 contributed positively to equity growth.
- Dividend payments of 177,183,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$307.05 Million | +5.03% |
| Dividends Paid | NT$177.18 Million | -2.9% |
| Other Changes | NT$-53.38 Million | -0.87% |
| Total Change | NT$- | 1.27% |
Book Value vs Market Value Analysis
This analysis compares Senao Networks'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: 1.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.60x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$16.19 | NT$123.00 | x |
| 2007-12-31 | NT$18.01 | NT$123.00 | x |
| 2008-12-31 | NT$16.83 | NT$123.00 | x |
| 2009-12-31 | NT$17.46 | NT$123.00 | x |
| 2010-12-31 | NT$17.93 | NT$123.00 | x |
| 2011-12-31 | NT$20.19 | NT$123.00 | x |
| 2012-12-31 | NT$24.15 | NT$123.00 | x |
| 2013-12-31 | NT$42.98 | NT$123.00 | x |
| 2014-12-31 | NT$44.62 | NT$123.00 | x |
| 2015-12-31 | NT$51.88 | NT$123.00 | x |
| 2016-12-31 | NT$50.09 | NT$123.00 | x |
| 2017-12-31 | NT$51.47 | NT$123.00 | x |
| 2018-12-31 | NT$54.96 | NT$123.00 | x |
| 2019-12-31 | NT$55.06 | NT$123.00 | x |
| 2020-12-31 | NT$57.25 | NT$123.00 | x |
| 2021-12-31 | NT$62.33 | NT$123.00 | x |
| 2022-12-31 | NT$80.41 | NT$123.00 | x |
| 2023-12-31 | NT$90.51 | NT$123.00 | x |
| 2024-12-31 | NT$102.05 | NT$123.00 | x |
| 2025-12-31 | NT$103.34 | NT$123.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Senao Networks 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): 5.03%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.04%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 2.19x
- Recent ROE (5.03%) is below the historical average (18.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 12.53% | 8.66% | 0.58x | 2.50x | NT$7.18 Million |
| 2007 | 21.60% | 8.08% | 1.59x | 1.68x | NT$69.47 Million |
| 2008 | 13.23% | 3.96% | 1.79x | 1.87x | NT$19.24 Million |
| 2009 | 14.63% | 4.01% | 1.60x | 2.28x | NT$32.56 Million |
| 2010 | 17.45% | 3.78% | 1.95x | 2.37x | NT$55.78 Million |
| 2011 | 20.45% | 4.45% | 1.82x | 2.53x | NT$88.47 Million |
| 2012 | 28.70% | 6.07% | 1.94x | 2.44x | NT$192.83 Million |
| 2013 | 22.65% | 8.47% | 1.36x | 1.97x | NT$235.62 Million |
| 2014 | 27.74% | 9.89% | 1.38x | 2.03x | NT$391.24 Million |
| 2015 | 31.66% | 10.71% | 1.55x | 1.91x | NT$555.46 Million |
| 2016 | 22.58% | 8.44% | 1.27x | 2.10x | NT$312.17 Million |
| 2017 | 18.37% | 5.53% | 1.30x | 2.56x | NT$213.16 Million |
| 2018 | 17.10% | 5.40% | 1.63x | 1.95x | NT$193.21 Million |
| 2019 | 15.04% | 5.35% | 1.30x | 2.17x | NT$142.26 Million |
| 2020 | 12.83% | 4.85% | 1.15x | 2.30x | NT$82.93 Million |
| 2021 | 14.09% | 4.89% | 1.19x | 2.43x | NT$130.38 Million |
| 2022 | 25.78% | 6.52% | 1.18x | 3.35x | NT$651.79 Million |
| 2023 | 17.89% | 4.99% | 1.38x | 2.60x | NT$365.46 Million |
| 2024 | 3.99% | 2.00% | 0.93x | 2.13x | NT$-362.43 Million |
| 2025 | 5.03% | 2.04% | 1.12x | 2.19x | NT$-303.30 Million |
Industry Comparison
This section compares Senao Networks's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $5,341,304,700
- Average return on equity (ROE) among peers: 4.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Senao Networks (3558) | NT$6.28 Billion | 12.53% | 1.31x | $228.87 Million |
| Microelectronics Technology Inc (2314) | $4.24 Billion | 20.07% | 0.89x | $14.85 Million |
| Tecom Co Ltd (2321) | $479.00 Million | -7.24% | 2.97x | $26.06 Million |
| D-Link Corp (2332) | $13.20 Billion | 0.47% | 0.93x | $364.77 Million |
| Accton Technology Corp (2345) | $14.48 Billion | 34.86% | 1.15x | $31.70 Billion |
| Hitron Technologies Inc (2419) | $3.48 Billion | 4.27% | 1.04x | $282.44 Million |
| Abocom Systems Inc (2444) | $1.04 Billion | -33.26% | 1.90x | $39.04 Million |
| Zinwell Corporation (2485) | $6.86 Billion | 13.06% | 0.38x | $393.85 Million |
| Loop Telecommunication International Inc (3025) | $692.58 Million | -1.98% | 0.69x | $91.52 Million |
| Edimax Technology Co Ltd (3047) | $3.36 Billion | 7.52% | 1.27x | $97.42 Million |
| CyberTAN Technology Inc (3062) | $5.58 Billion | 2.99% | 0.39x | $219.14 Million |
About Senao Networks
Senao Networks, Inc., together with its subsidiaries, engages in the research, design, manufacture, and sale of wireless communication products in Taiwan. It offers enterprise wireless products, including indoor access points, outdoor PTP/PTMP, and 5G/LTE edge computing gateway; data center switches, enterprise and SMB ethernet switches, and network appliances; and outdoor fixed dome and motorize… Read more