STL Technology Co Ltd (4931) - Net Assets
Based on the latest financial reports, STL Technology Co Ltd (4931) has net assets worth NT$1.23 Billion TWD (≈ $38.82 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$2.10 Billion ≈ $66.18 Million USD) and total liabilities (NT$868.38 Million ≈ $27.36 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 STL Technology Co Ltd (4931) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.23 Billion |
| % of Total Assets | 58.66% |
| Annual Growth Rate | -1.94% |
| 5-Year Change | 39.1% |
| 10-Year Change | 59.09% |
| Growth Volatility | 18.5 |
STL Technology Co Ltd - Net Assets Trend (2009–2025)
This chart illustrates how STL Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 4931 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for STL Technology Co Ltd (2009–2025)
The table below shows the annual net assets of STL Technology Co Ltd from 2009 to 2025. For live valuation and market cap data, see 4931 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.23 Billion ≈ $38.82 Million |
+4.76% |
| 2024-12-31 | NT$1.18 Billion ≈ $37.06 Million |
+9.94% |
| 2023-12-31 | NT$1.07 Billion ≈ $33.71 Million |
-2.17% |
| 2022-12-31 | NT$1.09 Billion ≈ $34.45 Million |
+23.46% |
| 2021-12-31 | NT$885.78 Million ≈ $27.91 Million |
-8.41% |
| 2020-12-31 | NT$967.16 Million ≈ $30.47 Million |
-3.08% |
| 2019-12-31 | NT$997.89 Million ≈ $31.44 Million |
+43.64% |
| 2018-12-31 | NT$694.73 Million ≈ $21.89 Million |
+13.17% |
| 2017-12-31 | NT$613.90 Million ≈ $19.34 Million |
-20.73% |
| 2016-12-31 | NT$774.46 Million ≈ $24.40 Million |
+9.38% |
| 2015-12-31 | NT$708.02 Million ≈ $22.31 Million |
+6.10% |
| 2014-12-31 | NT$667.30 Million ≈ $21.02 Million |
-17.19% |
| 2013-12-31 | NT$805.79 Million ≈ $25.39 Million |
-17.35% |
| 2012-12-31 | NT$974.97 Million ≈ $30.72 Million |
-38.12% |
| 2011-12-31 | NT$1.58 Billion ≈ $49.64 Million |
-6.21% |
| 2010-12-31 | NT$1.68 Billion ≈ $52.93 Million |
-0.39% |
| 2009-12-31 | NT$1.69 Billion ≈ $53.14 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to STL Technology 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 58.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$488.34 Million | 39.63% |
| Other Components | NT$743.78 Million | 60.37% |
| Total Equity | NT$1.23 Billion | 100.00% |
STL Technology Co Ltd Competitors by Market Cap
The table below lists competitors of STL Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Invesco Quality Municipal Income Closed Fund
NYSE:IQI
|
$530.95 Million |
|
DukSan Neolux Co.Ltd
KQ:213420
|
$531.01 Million |
|
Zhejiang Risun Intelligent Technology Co. Ltd. A
SHG:688215
|
$531.12 Million |
|
Shanghai Lianming Machinery Co Ltd
SHG:603006
|
$531.29 Million |
|
Hume Industries Berhad
KLSE:5000
|
$530.73 Million |
|
Betterware de México, S.A.P.I. de C.V.
NASDAQ:BWMX
|
$530.64 Million |
|
Beijing StarNeto Technology Co Ltd
SHE:002829
|
$530.64 Million |
|
Zhejiang Runyang New Material Technology Co. Ltd.
SHE:300920
|
$530.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in STL Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,176,183,000 to 1,232,122,000, a change of 55,939,000 (4.8%).
- Net income of 203,562,000 contributed positively to equity growth.
- Dividend payments of 131,296,000 reduced retained earnings.
- Other factors decreased equity by 16,327,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$203.56 Million | +16.52% |
| Dividends Paid | NT$131.30 Million | -10.66% |
| Other Changes | NT$-16.33 Million | -1.33% |
| Total Change | NT$- | 4.76% |
Book Value vs Market Value Analysis
This analysis compares STL Technology 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: 13.68x
- 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 9.56x to 13.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$26.89 | NT$257.00 | x |
| 2010-12-31 | NT$24.35 | NT$257.00 | x |
| 2011-12-31 | NT$22.88 | NT$257.00 | x |
| 2012-12-31 | NT$14.15 | NT$257.00 | x |
| 2013-12-31 | NT$11.70 | NT$257.00 | x |
| 2014-12-31 | NT$12.28 | NT$257.00 | x |
| 2015-12-31 | NT$13.11 | NT$257.00 | x |
| 2016-12-31 | NT$11.19 | NT$257.00 | x |
| 2017-12-31 | NT$8.88 | NT$257.00 | x |
| 2018-12-31 | NT$12.58 | NT$257.00 | x |
| 2019-12-31 | NT$17.01 | NT$257.00 | x |
| 2020-12-31 | NT$15.06 | NT$257.00 | x |
| 2021-12-31 | NT$14.02 | NT$257.00 | x |
| 2022-12-31 | NT$16.89 | NT$257.00 | x |
| 2023-12-31 | NT$16.56 | NT$257.00 | x |
| 2024-12-31 | NT$17.92 | NT$257.00 | x |
| 2025-12-31 | NT$18.79 | NT$257.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently STL Technology 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): 16.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.30%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 1.70x
- Recent ROE (16.52%) is above the historical average (0.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 12.44% | 2.61% | 1.88x | 2.53x | NT$41.11 Million |
| 2010 | 3.19% | 0.73% | 2.03x | 2.15x | NT$-114.35 Million |
| 2011 | -10.41% | -3.46% | 1.65x | 1.82x | NT$-321.62 Million |
| 2012 | -60.68% | -23.80% | 1.65x | 1.55x | NT$-689.14 Million |
| 2013 | -22.97% | -12.54% | 1.51x | 1.21x | NT$-265.64 Million |
| 2014 | -21.12% | -12.35% | 1.29x | 1.32x | NT$-207.27 Million |
| 2015 | 6.78% | 2.97% | 1.57x | 1.46x | NT$-22.77 Million |
| 2016 | 7.49% | 3.27% | 1.48x | 1.55x | NT$-19.44 Million |
| 2017 | 4.89% | 1.72% | 1.49x | 1.91x | NT$-31.35 Million |
| 2018 | 12.45% | 4.89% | 1.56x | 1.63x | NT$16.99 Million |
| 2019 | 14.29% | 7.15% | 1.43x | 1.40x | NT$42.79 Million |
| 2020 | 6.54% | 3.89% | 1.20x | 1.41x | NT$-33.47 Million |
| 2021 | -4.48% | -2.65% | 1.08x | 1.56x | NT$-128.25 Million |
| 2022 | 17.34% | 6.90% | 1.46x | 1.72x | NT$80.32 Million |
| 2023 | 9.96% | 6.23% | 1.24x | 1.29x | NT$-465.60K |
| 2024 | 13.73% | 8.09% | 1.17x | 1.46x | NT$43.88 Million |
| 2025 | 16.52% | 8.30% | 1.17x | 1.70x | NT$80.35 Million |
Industry Comparison
This section compares STL Technology Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $4,743,161,500
- Average return on equity (ROE) among peers: 10.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| STL Technology Co Ltd (4931) | NT$1.23 Billion | 12.44% | 0.70x | $530.88 Million |
| Shihlin Electric & Engineering Corp (1503) | $12.57 Billion | 8.24% | 1.01x | $4.00 Billion |
| Allis Electric Co Ltd (1514) | $2.46 Billion | 4.52% | 0.76x | $1.03 Billion |
| Fortune Electric Co Ltd (1519) | $2.42 Billion | 9.14% | 1.69x | $8.04 Billion |
| Klingon Aerospace Inc (1529) | $1.65 Billion | 6.81% | 0.55x | $109.94 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.63 Billion | 24.85% | 0.45x | $327.05 Million |
| Chieftek Precision Co Ltd (1597) | $1.94 Billion | 24.42% | 0.68x | $422.01 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $8.36 Billion | 5.26% | 0.53x | $454.41 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $7.91 Billion | 1.27% | 0.84x | $905.28 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $5.30 Billion | 9.77% | 0.16x | $374.93 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.20 Billion | 13.01% | 0.87x | $279.75 Million |
About STL Technology Co Ltd
STL Technology Co., Ltd. provides lithium-ion management solutions in Taiwan. It manufactures and sells lithium-ion battery modules for power tools, energy storage systems, and light electronic vehicles. The company was founded in 2004 and is headquartered in Kaohsiung, Taiwan.