K Way Information (5201) - Net Assets
Based on the latest financial reports, K Way Information (5201) has net assets worth NT$690.32 Million TWD (≈ $21.75 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$954.80 Million ≈ $30.08 Million USD) and total liabilities (NT$264.47 Million ≈ $8.33 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 5201 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$690.32 Million |
| % of Total Assets | 72.3% |
| Annual Growth Rate | 9.0% |
| 5-Year Change | 75.12% |
| 10-Year Change | N/A |
| Growth Volatility | 19.59 |
K Way Information - Net Assets Trend (2017–2025)
This chart illustrates how K Way Information's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of K Way Information to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for K Way Information (2017–2025)
The table below shows the annual net assets of K Way Information from 2017 to 2025. For live valuation and market cap data, see market value of K Way Information.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$690.32 Million ≈ $21.75 Million |
+52.32% |
| 2024-12-31 | NT$453.21 Million ≈ $14.28 Million |
+7.12% |
| 2023-12-31 | NT$423.09 Million ≈ $13.33 Million |
+16.82% |
| 2022-12-31 | NT$362.17 Million ≈ $11.41 Million |
-8.12% |
| 2021-12-31 | NT$394.19 Million ≈ $12.42 Million |
-7.65% |
| 2020-12-31 | NT$426.83 Million ≈ $13.45 Million |
+25.22% |
| 2019-12-31 | NT$340.87 Million ≈ $10.74 Million |
-8.76% |
| 2018-12-31 | NT$373.59 Million ≈ $11.77 Million |
+7.83% |
| 2017-12-31 | NT$346.45 Million ≈ $10.91 Million |
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Equity Component Analysis
This analysis shows how different components contribute to K Way Information'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 478.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$134.43 Million | 19.57% |
| Other Components | NT$552.46 Million | 80.43% |
| Total Equity | NT$686.89 Million | 100.00% |
K Way Information Competitors by Market Cap
The table below lists competitors of K Way Information ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sentronic International
TWO:3232
|
$33.82 Million |
|
Urbanfund Corp
V:UFC
|
$33.83 Million |
|
Mobileleader Co.Ltd
KQ:100030
|
$33.84 Million |
|
Cowealth Medical Holding Co Ltd
TWO:4745
|
$33.84 Million |
|
Dynamic Precision Industry
TWO:8928
|
$33.81 Million |
|
Baird Medical Investment Holdings Limited
NASDAQ:BDMD
|
$33.80 Million |
|
Lite Strategy, Inc.
NASDAQ:LITS
|
$33.80 Million |
|
Daewon Co. Ltd
KQ:007680
|
$33.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in K Way Information's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 448,506,000 to 686,895,000, a change of 238,389,000 (53.2%).
- Net loss of 1,908,000 reduced equity.
- Dividend payments of 41,411,000 reduced retained earnings.
- New share issuances of 256,000,000 increased equity.
- Other factors increased equity by 25,708,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-1.91 Million | -0.28% |
| Dividends Paid | NT$41.41 Million | -6.03% |
| Share Issuances | NT$256.00 Million | +37.27% |
| Other Changes | NT$25.71 Million | +3.74% |
| Total Change | NT$- | 53.15% |
Book Value vs Market Value Analysis
This analysis compares K Way Information'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: 1.56x
- 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 2.46x to 1.56x 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$11.29 | NT$27.75 | x |
| 2018-12-31 | NT$12.18 | NT$27.75 | x |
| 2019-12-31 | NT$11.11 | NT$27.75 | x |
| 2020-12-31 | NT$13.91 | NT$27.75 | x |
| 2021-12-31 | NT$12.85 | NT$27.75 | x |
| 2022-12-31 | NT$11.81 | NT$27.75 | x |
| 2023-12-31 | NT$12.89 | NT$27.75 | x |
| 2024-12-31 | NT$13.66 | NT$27.75 | x |
| 2025-12-31 | NT$17.76 | NT$27.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently K Way Information utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.63%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.39x
- Recent ROE (-0.28%) is below the historical average (10.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 1.83% | 3.06% | 0.48x | 1.24x | NT$-28.30 Million |
| 2018 | 11.10% | 16.50% | 0.53x | 1.27x | NT$4.12 Million |
| 2019 | 12.04% | 20.43% | 0.42x | 1.41x | NT$6.96 Million |
| 2020 | 22.29% | 30.70% | 0.53x | 1.36x | NT$52.46 Million |
| 2021 | 12.17% | 21.31% | 0.42x | 1.35x | NT$8.56 Million |
| 2022 | 4.76% | 7.58% | 0.50x | 1.26x | NT$-18.98 Million |
| 2023 | 17.70% | 32.93% | 0.40x | 1.35x | NT$32.56 Million |
| 2024 | 15.36% | 25.47% | 0.42x | 1.42x | NT$24.03 Million |
| 2025 | -0.28% | -0.63% | 0.32x | 1.39x | NT$-70.60 Million |
Industry Comparison
This section compares K Way Information's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,366,177,714
- Average return on equity (ROE) among peers: 11.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| K Way Information (5201) | NT$690.32 Million | 1.83% | 0.38x | $33.81 Million |
| Cyberlink Co (5203) | $4.77 Billion | 23.07% | 0.35x | $170.89 Million |
| APEX International Financial Engineering Res & Tech Co Ltd (5210) | $544.73 Million | -14.55% | 0.23x | $76.77 Million |
| Penpower Technology Ltd (5211) | $525.85 Million | 3.44% | 0.15x | $19.17 Million |
| Dimerco Data System (5403) | $1.27 Billion | 15.18% | 1.31x | $233.74 Million |
| Insyde Software (6231) | $633.68 Million | 5.88% | 0.34x | $387.62 Million |
| Interactive Digital Technologies (6486) | $1.09 Billion | 22.09% | 1.48x | $131.80 Million |
| Mitake Information (8284) | $725.50 Million | 25.25% | 0.66x | $93.15 Million |
About K Way Information
K WAY Information Corporation provides software services in Taiwan. The company offers securities and futures business solutions, such as trading systems, settlement and clearing management systems, order management systems, gateway systems, online trading systems, mobile trading systems, single machines, and quote service systems. It also provides high-frequency trading solution; and program tra… Read more