Mildex Optical (4729) - Net Assets

Latest as of December 2025: NT$1.28 Billion TWD ≈ $40.46 Million USD

Based on the latest financial reports, Mildex Optical (4729) has net assets worth NT$1.28 Billion TWD (≈ $40.46 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$3.04 Billion ≈ $95.86 Million USD) and total liabilities (NT$1.76 Billion ≈ $55.40 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 4729 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	NT$1.28 Billion
% of Total Assets	42.21%
Annual Growth Rate	0.88%
5-Year Change	17.78%
10-Year Change	-37.74%
Growth Volatility	29.53

Mildex Optical - Net Assets Trend (2008–2025)

This chart illustrates how Mildex Optical's net assets have evolved over time, based on quarterly financial data. Also explore 4729 asset base for the complete picture of this company's asset base.

Annual Net Assets for Mildex Optical (2008–2025)

The table below shows the annual net assets of Mildex Optical from 2008 to 2025. For live valuation and market cap data, see Mildex Optical market capitalisation.

Year	Net Assets	Change
2025-12-31	NT$1.28 Billion ≈ $40.46 Million	-8.20%
2024-12-31	NT$1.40 Billion ≈ $44.07 Million	+6.66%
2023-12-31	NT$1.31 Billion ≈ $41.32 Million	-2.07%
2022-12-31	NT$1.34 Billion ≈ $42.19 Million	+22.83%
2021-12-31	NT$1.09 Billion ≈ $34.35 Million	-15.38%
2020-12-31	NT$1.29 Billion ≈ $40.59 Million	-14.82%
2019-12-31	NT$1.51 Billion ≈ $47.65 Million	-2.46%
2018-12-31	NT$1.55 Billion ≈ $48.86 Million	-21.71%
2017-12-31	NT$1.98 Billion ≈ $62.41 Million	-3.96%
2016-12-31	NT$2.06 Billion ≈ $64.98 Million	+18.85%
2015-12-31	NT$1.74 Billion ≈ $54.68 Million	-37.64%
2014-12-31	NT$2.78 Billion ≈ $87.67 Million	+83.86%
2013-12-31	NT$1.51 Billion ≈ $47.68 Million	-28.20%
2012-12-31	NT$2.11 Billion ≈ $66.41 Million	-18.55%
2011-12-31	NT$2.59 Billion ≈ $81.53 Million	+29.11%
2010-12-31	NT$2.00 Billion ≈ $63.15 Million	+48.04%
2009-12-31	NT$1.35 Billion ≈ $42.66 Million	+22.39%
2008-12-31	NT$1.11 Billion ≈ $34.85 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Mildex Optical'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 71.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	NT$52.16 Million	4.79%
Other Components	NT$1.04 Billion	95.21%
Total Equity	NT$1.09 Billion	100.00%

Mildex Optical Competitors by Market Cap

The table below lists competitors of Mildex Optical ranked by their market capitalization.

Company	Market Cap
Ege Seramik Sanayi ve Ticaret AS IS:EGSER	$49.18 Million
Sinil Pharmaceutical Co. Ltd KQ:012790	$49.20 Million
Aether Holdings, Inc. NASDAQ:ATHR	$49.21 Million
PetMed Express Inc NASDAQ:PETS	$49.22 Million
Bowler Metcalf Ltd JSE:BCF	$49.16 Million
Ymc Co. Ltd KQ:155650	$49.16 Million
Rigolleau SA BA:RIGO	$49.12 Million
De Nora India Limited NSE:DENORA	$49.12 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Mildex Optical's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,150,049,000 to 1,088,425,000, a change of -61,624,000 (-5.4%).
Net income of 12,871,000 contributed positively to equity growth.
Dividend payments of 38,863,000 reduced retained earnings.
Other factors decreased equity by 35,632,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	NT$12.87 Million	+1.18%
Dividends Paid	NT$38.86 Million	-3.57%
Other Changes	NT$-35.63 Million	-3.27%
Total Change	NT$-	-5.36%

Book Value vs Market Value Analysis

This analysis compares Mildex Optical'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: 1.33x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	NT$14.40	NT$19.70	x
2018-12-31	NT$10.96	NT$19.70	x
2019-12-31	NT$10.99	NT$19.70	x
2020-12-31	NT$9.82	NT$19.70	x
2021-12-31	NT$8.43	NT$19.70	x
2022-12-31	NT$13.86	NT$19.70	x
2023-12-31	NT$13.96	NT$19.70	x
2024-12-31	NT$14.80	NT$19.70	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mildex Optical 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): 1.18%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.20%
• Asset Turnover: 0.35x
• Equity Multiplier: 2.80x
Recent ROE (1.18%) is below the historical average (1.39%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	6.32%	3.38%	0.77x	2.43x	NT$-39.22 Million
2010	3.51%	2.22%	0.73x	2.17x	NT$-122.22 Million
2015	0.66%	0.18%	1.06x	3.45x	NT$-124.72 Million
2016	12.88%	7.59%	0.47x	3.62x	NT$40.77 Million
2017	20.71%	17.43%	0.40x	2.93x	NT$161.70 Million
2018	-3.74%	-4.19%	0.26x	3.42x	NT$-157.69 Million
2019	-8.26%	-9.28%	0.28x	3.21x	NT$-209.95 Million
2020	-11.33%	-12.46%	0.27x	3.31x	NT$-214.17 Million
2021	-15.03%	-11.26%	0.35x	3.85x	NT$-215.54 Million
2022	5.99%	4.72%	0.41x	3.09x	NT$-43.18 Million
2023	2.44%	2.40%	0.36x	2.86x	NT$-82.06 Million
2024	2.71%	3.15%	0.30x	2.90x	NT$-83.86 Million
2025	1.18%	1.20%	0.35x	2.80x	NT$-95.97 Million

Industry Comparison

This section compares Mildex Optical's net assets metrics with peer companies in the Electronic Components industry.

Industry Context

Industry: Electronic Components
Average net assets among peers: $192,873,822,500
Average return on equity (ROE) among peers: 9.58%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mildex Optical (4729)	NT$1.28 Billion	6.32%	1.37x	$49.17 Million
Syncmold Enterprise Corp (1582)	$5.56 Billion	16.02%	0.51x	$402.71 Million
Fulltech Fiber Glass (1815)	$2.80 Billion	0.00%	2.80x	$1.78 Billion
Delta Electronics Inc (2308)	$55.06 Billion	20.58%	0.62x	$177.18 Billion
Compeq Manufacturing Co Ltd (2313)	$32.37 Billion	15.88%	1.22x	$9.18 Billion
WUS Printed Circuit Co Ltd (2316)	$7.35 Billion	5.63%	0.71x	$643.07 Million
Hon Hai Precision Industry Co Ltd (2317)	$1.66 Trillion	8.54%	1.50x	$96.56 Billion
Yageo Corp (2327)	$136.62 Billion	12.79%	1.43x	$20.70 Billion
Pan-International Industrial Corp (2328)	$11.99 Billion	5.76%	0.72x	$809.19 Million
Chin-Poon Industrial Co Ltd (2355)	$15.85 Billion	3.13%	0.42x	$641.19 Million
Solomon Technology Corp (2359)	$4.97 Billion	7.43%	0.24x	$642.50 Million

About Mildex Optical

TWO:4729 Taiwan Electronic Components

Market Cap

$49.17 Million

NT$1.56 Billion TWD

Market Cap Rank

#21946 Global

#1357 in Taiwan

Share Price

NT$19.70

Change (1 day)

-0.76%

52-Week Range

NT$16.55 - NT$26.85

All Time High

NT$35.25