Asia Electronic Material Co Ltd
Asia Electronic Material Co., Ltd. manufactures and sells various electronic products and materials in Taiwan. The company offers adhesive and non-adhesive flexible copper clad laminates, coverlays, stiffeners, bonding sheets, and polyimide composite films. Its products are used in various applications, including battery boards, mobile phones, digital camera, LCM/LCD, and others. The company was … Read more
Asia Electronic Material Co Ltd (4939) - Net Assets
Latest net assets as of September 2025: NT$1.29 Billion TWD
Based on the latest financial reports, Asia Electronic Material Co Ltd (4939) has net assets worth NT$1.29 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$2.52 Billion) and total liabilities (NT$1.23 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$1.29 Billion |
| % of Total Assets | 51.33% |
| Annual Growth Rate | 2.26% |
| 5-Year Change | -1.53% |
| 10-Year Change | N/A |
| Growth Volatility | 7.34 |
Asia Electronic Material Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Asia Electronic Material 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 Asia Electronic Material Co Ltd (2017–2024)
The table below shows the annual net assets of Asia Electronic Material Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.55 Billion | +2.01% |
| 2023-12-31 | NT$1.52 Billion | -1.65% |
| 2022-12-31 | NT$1.54 Billion | -4.16% |
| 2021-12-31 | NT$1.61 Billion | +2.42% |
| 2020-12-31 | NT$1.57 Billion | +11.87% |
| 2019-12-31 | NT$1.41 Billion | -7.03% |
| 2018-12-31 | NT$1.51 Billion | +14.18% |
| 2017-12-31 | NT$1.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia Electronic Material 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 11.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$194.57 Million | 12.56% |
| Other Components | NT$1.35 Billion | 87.44% |
| Total Equity | NT$1.55 Billion | 100.00% |
Asia Electronic Material Co Ltd Competitors by Market Cap
The table below lists competitors of Asia Electronic Material Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ALPHA
KLSE:0303
|
$70.68 Million |
|
U-Best Polymer Industry Co Ltd
TWO:4714
|
$70.69 Million |
|
MEDIANA Co.Ltd
KQ:041920
|
$70.69 Million |
|
SHEPHERD NEAME P. CONS.
F:43Y
|
$70.70 Million |
|
Grupo TMM SAB
PINK:GTMAY
|
$70.66 Million |
|
Fonet Bilgi Teknolojileri AS
IS:FONET
|
$70.63 Million |
|
7730
TW:7730
|
$70.62 Million |
|
VROYF
PINK:VROYF
|
$70.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Electronic Material Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,518,175,000 to 1,548,636,000, a change of 30,461,000 (2.0%).
- Net income of 19,084,000 contributed positively to equity growth.
- Dividend payments of 49,100,000 reduced retained earnings.
- Other factors increased equity by 60,477,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$19.08 Million | +1.23% |
| Dividends Paid | NT$49.10 Million | -3.17% |
| Other Changes | NT$60.48 Million | +3.91% |
| Total Change | NT$- | 2.01% |
Book Value vs Market Value Analysis
This analysis compares Asia Electronic Material 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: 2.14x
- 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 2.51x to 2.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$13.49 | NT$33.80 | x |
| 2018-12-31 | NT$15.40 | NT$33.80 | x |
| 2019-12-31 | NT$14.32 | NT$33.80 | x |
| 2020-12-31 | NT$15.83 | NT$33.80 | x |
| 2021-12-31 | NT$16.21 | NT$33.80 | x |
| 2022-12-31 | NT$15.72 | NT$33.80 | x |
| 2023-12-31 | NT$15.46 | NT$33.80 | x |
| 2024-12-31 | NT$15.77 | NT$33.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Electronic Material Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.24%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.79x
- Recent ROE (1.23%) is below the historical average (5.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 8.96% | 7.41% | 0.75x | 1.62x | NT$-13.71 Million |
| 2018 | 7.39% | 5.72% | 0.74x | 1.75x | NT$-39.50 Million |
| 2019 | 2.53% | 1.89% | 0.71x | 1.88x | NT$-104.99 Million |
| 2020 | 10.07% | 9.09% | 0.61x | 1.83x | NT$1.14 Million |
| 2021 | 10.75% | 8.84% | 0.64x | 1.89x | NT$12.01 Million |
| 2022 | 2.23% | 2.09% | 0.57x | 1.86x | NT$-119.96 Million |
| 2023 | 2.39% | 2.35% | 0.59x | 1.74x | NT$-115.50 Million |
| 2024 | 1.23% | 1.24% | 0.56x | 1.79x | NT$-135.78 Million |
Industry Comparison
This section compares Asia Electronic Material 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 |
|---|---|---|---|---|
| Asia Electronic Material Co Ltd (4939) | NT$1.29 Billion | 8.96% | 0.95x | $70.67 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 |