Hep Tech Co Ltd
HEP Tech Co., Ltd. manufactures and sells electronic lighting control gears for industrial and commercial purposes worldwide. The company offers LED drivers, including wireless control LED drivers, constant current (CC) track lights, CC dimmable and non-dimmable, and constant voltage dimmable and non-dimmable, flood lights, wireless control modules, and related accessories, as well as PSE, UL, an… Read more
Hep Tech Co Ltd (3609) - Net Assets
Latest net assets as of September 2025: NT$563.58 Million TWD
Based on the latest financial reports, Hep Tech Co Ltd (3609) has net assets worth NT$563.58 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$1.19 Billion) and total liabilities (NT$627.55 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$563.58 Million |
| % of Total Assets | 47.31% |
| Annual Growth Rate | -8.04% |
| 5-Year Change | -43.26% |
| 10-Year Change | N/A |
| Growth Volatility | 17.75 |
Hep Tech Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Hep Tech 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 Hep Tech Co Ltd (2017–2024)
The table below shows the annual net assets of Hep Tech Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$281.27 Million | -20.79% |
| 2023-12-31 | NT$355.10 Million | -36.07% |
| 2022-12-31 | NT$555.45 Million | +25.02% |
| 2021-12-31 | NT$444.29 Million | -10.38% |
| 2020-12-31 | NT$495.75 Million | +0.32% |
| 2019-12-31 | NT$494.17 Million | -3.91% |
| 2018-12-31 | NT$514.28 Million | +1.65% |
| 2017-12-31 | NT$505.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hep Tech 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 decreased by 1686.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$713.42 Million | 253.64% |
| Total Equity | NT$281.27 Million | 100.00% |
Hep Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Hep Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Deniz Gayrimenkul Yatirim Ortakligi AS
IS:DZGYO
|
$23.99 Million |
|
Korea SPAC 2
KQ:206400
|
$23.99 Million |
|
DP POLAND PLC
F:2OP
|
$24.00 Million |
|
Nava Nakorn Public Company Limited
BK:NNCL
|
$24.00 Million |
|
The Farmers Bank of Appomattox
OTCQB:FBPA
|
$23.97 Million |
|
Companhia de Gás de São Paulo - COMGÁS
SA:CGAS3
|
$23.96 Million |
|
Syntara Ltd
AU:SNT
|
$23.95 Million |
|
Cipherlab Co Ltd
TWO:6160
|
$23.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hep Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 355,104,000 to 281,275,000, a change of -73,829,000 (-20.8%).
- Net loss of 166,176,000 reduced equity.
- New share issuances of 100,103,000 increased equity.
- Other factors decreased equity by 7,756,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-166.18 Million | -59.08% |
| Share Issuances | NT$100.10 Million | +35.59% |
| Other Changes | NT$-7.76 Million | -2.76% |
| Total Change | NT$- | -20.79% |
Book Value vs Market Value Analysis
This analysis compares Hep Tech 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: 4.02x
- 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 1.77x to 4.02x 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$16.68 | NT$29.45 | x |
| 2018-12-31 | NT$16.95 | NT$29.45 | x |
| 2019-12-31 | NT$16.29 | NT$29.45 | x |
| 2020-12-31 | NT$16.22 | NT$29.45 | x |
| 2021-12-31 | NT$14.48 | NT$29.45 | x |
| 2022-12-31 | NT$17.04 | NT$29.45 | x |
| 2023-12-31 | NT$10.07 | NT$29.45 | x |
| 2024-12-31 | NT$7.32 | NT$29.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hep Tech Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -59.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -42.65%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 3.79x
- Recent ROE (-59.08%) is below the historical average (-15.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.93% | 2.12% | 0.82x | 1.68x | NT$-35.79 Million |
| 2018 | 4.26% | 3.59% | 0.75x | 1.59x | NT$-29.53 Million |
| 2019 | 0.18% | 0.16% | 0.78x | 1.48x | NT$-48.53 Million |
| 2020 | -1.19% | -1.28% | 0.73x | 1.29x | NT$-55.50 Million |
| 2021 | 0.04% | 0.02% | 0.86x | 2.13x | NT$-44.27 Million |
| 2022 | -16.21% | -11.22% | 0.65x | 2.22x | NT$-145.58 Million |
| 2023 | -56.96% | -32.33% | 0.54x | 3.25x | NT$-237.76 Million |
| 2024 | -59.08% | -42.65% | 0.37x | 3.79x | NT$-194.30 Million |
Industry Comparison
This section compares Hep Tech Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hep Tech Co Ltd (3609) | NT$563.58 Million | 2.93% | 1.11x | $23.97 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |