Gigasolar Materials
Giga Solar Materials Corp. engages in the research and development, manufacture, and sale of solar conductive plasma. It provides conductive pastes for photovoltaic cells, such as front and rear Ag, and rear Al pastes. The company was founded in 2003 and is based in Hsinchu City, Taiwan.
Gigasolar Materials (3691) - Net Assets
Latest net assets as of September 2025: NT$6.76 Billion TWD
Based on the latest financial reports, Gigasolar Materials (3691) has net assets worth NT$6.76 Billion 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$12.14 Billion) and total liabilities (NT$5.37 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$6.76 Billion |
| % of Total Assets | 55.72% |
| Annual Growth Rate | N/A |
| 5-Year Change | 20.06% |
| 10-Year Change | N/A |
| Growth Volatility | 14.05 |
Gigasolar Materials - Net Assets Trend (2015–2024)
This chart illustrates how Gigasolar Materials's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gigasolar Materials (2015–2024)
The table below shows the annual net assets of Gigasolar Materials from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.95 Billion | -7.03% |
| 2023-12-31 | NT$7.48 Billion | -12.34% |
| 2022-12-31 | NT$8.53 Billion | +21.70% |
| 2021-12-31 | NT$7.01 Billion | +21.07% |
| 2020-12-31 | NT$5.79 Billion | +8.05% |
| 2019-12-31 | NT$5.36 Billion | +2.67% |
| 2018-12-31 | NT$5.22 Billion | -22.11% |
| 2017-12-31 | NT$6.70 Billion | -8.72% |
| 2016-12-31 | NT$7.34 Billion | +5.63% |
| 2015-12-31 | NT$6.95 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gigasolar Materials'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 113.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$6.93 Billion | 108.00% |
| Total Equity | NT$6.41 Billion | 100.00% |
Gigasolar Materials Competitors by Market Cap
The table below lists competitors of Gigasolar Materials ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solara Active Pharma Sciences Limited
NSE:SOLARA
|
$145.55 Million |
|
SHANDONG BOAN BIOTECH.H 1
F:UJ9
|
$145.58 Million |
|
PNGJL
NSE:PNGJL
|
$145.62 Million |
|
PRIMA MARINE PCL-NVDR
BK:PRM-R
|
$145.66 Million |
|
Nordrest Holding AB (publ)
ST:NREST
|
$145.50 Million |
|
Pendrell Corp
PINK:PCOA
|
$145.50 Million |
|
Shanghai Conglin Environmental Protection Technology Co. Ltd. A
SHG:688370
|
$145.47 Million |
|
Deep Value Driller AS
OL:DVD
|
$145.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gigasolar Materials's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,639,509,000 to 6,411,904,000, a change of -227,605,000 (-3.4%).
- Net loss of 515,767,000 reduced equity.
- Other comprehensive income decreased equity by 901,010,000.
- Other factors increased equity by 1,189,172,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-515.77 Million | -8.04% |
| Other Comprehensive Income | NT$-901.01 Million | -14.05% |
| Other Changes | NT$1.19 Billion | +18.55% |
| Total Change | NT$- | -3.43% |
Book Value vs Market Value Analysis
This analysis compares Gigasolar Materials'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: 1.66x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.23x to 1.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$94.02 | NT$116.00 | x |
| 2017-12-31 | NT$88.02 | NT$116.00 | x |
| 2018-12-31 | NT$69.25 | NT$116.00 | x |
| 2019-12-31 | NT$73.37 | NT$116.00 | x |
| 2020-12-31 | NT$80.26 | NT$116.00 | x |
| 2021-12-31 | NT$87.12 | NT$116.00 | x |
| 2022-12-31 | NT$94.07 | NT$116.00 | x |
| 2023-12-31 | NT$72.26 | NT$116.00 | x |
| 2024-12-31 | NT$69.78 | NT$116.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gigasolar Materials 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): -8.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.12%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.90x
- Recent ROE (-8.04%) is below the historical average (1.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 37.15% | 15.28% | 1.02x | 2.38x | NT$1.76 Billion |
| 2016 | 23.95% | 10.86% | 0.80x | 2.75x | NT$938.27 Million |
| 2017 | -3.75% | -2.16% | 0.49x | 3.51x | NT$-767.20 Million |
| 2018 | -21.86% | -11.50% | 0.50x | 3.77x | NT$-1.39 Billion |
| 2019 | 3.99% | 2.40% | 0.64x | 2.61x | NT$-284.38 Million |
| 2020 | 3.78% | 2.27% | 0.67x | 2.49x | NT$-329.44 Million |
| 2021 | -5.86% | -4.92% | 0.62x | 1.93x | NT$-1.02 Billion |
| 2022 | -6.53% | -8.76% | 0.46x | 1.61x | NT$-1.25 Billion |
| 2023 | -12.21% | -27.40% | 0.26x | 1.73x | NT$-1.47 Billion |
| 2024 | -8.04% | -8.12% | 0.52x | 1.90x | NT$-1.16 Billion |
Industry Comparison
This section compares Gigasolar Materials's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $5,507,045,778
- Average return on equity (ROE) among peers: -4.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gigasolar Materials (3691) | NT$6.76 Billion | 37.15% | 0.79x | $145.51 Million |
| Gigastorage Corp (2406) | $7.34 Billion | -3.73% | 1.01x | $214.24 Million |
| United Renewable Energy Co Ltd (3576) | $13.11 Billion | -29.67% | 1.19x | $980.87 Million |
| Danen Technology Corp (3686) | $4.78 Billion | -6.85% | 0.63x | $38.94 Million |
| Hsinjing Holding Co Ltd (3713) | $620.93 Million | 5.41% | 1.46x | $29.24 Million |
| Hengs Technology Co., Ltd. (4582) | $1.07 Billion | 22.10% | 1.42x | $38.01 Million |
| Tainergy Tech Co Ltd (4934) | $4.47 Billion | 3.92% | 0.60x | $89.09 Million |
| Win Win Precision Technology Co., Ltd. (4949) | $1.55 Billion | -5.81% | 0.28x | $19.71K |
| Motech Industries Co Ltd (6244) | $14.23 Billion | 1.77% | 1.09x | $191.85 Million |
| TSEC Corp (6443) | $2.39 Billion | -29.28% | 1.63x | $739.29 Million |