Higgstec
Higgstec Inc. engages in the research and development, design, manufacture, sale, and service of various touch solutions. The company offers projected capacitive touch solutions; standard and custom 5-wire resistive touch panel and screen solutions; and PCAP BrickTouch series, including COF, sensors, FPC, cover glass, and controllers. Its products and solutions are used in various applications, s… Read more
Higgstec (5220) - Net Assets
Latest net assets as of September 2025: NT$740.61 Million TWD
Based on the latest financial reports, Higgstec (5220) has net assets worth NT$740.61 Million 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$1.14 Billion) and total liabilities (NT$400.56 Million). 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$740.61 Million |
| % of Total Assets | 64.9% |
| Annual Growth Rate | 5.66% |
| 5-Year Change | -1.76% |
| 10-Year Change | N/A |
| Growth Volatility | 13.25 |
Higgstec - Net Assets Trend (2017–2024)
This chart illustrates how Higgstec's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Higgstec (2017–2024)
The table below shows the annual net assets of Higgstec from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$782.04 Million | -3.01% |
| 2023-12-31 | NT$806.32 Million | -4.03% |
| 2022-12-31 | NT$840.18 Million | +3.35% |
| 2021-12-31 | NT$812.93 Million | +2.13% |
| 2020-12-31 | NT$796.01 Million | +19.77% |
| 2019-12-31 | NT$664.61 Million | -5.69% |
| 2018-12-31 | NT$704.67 Million | +32.47% |
| 2017-12-31 | NT$531.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Higgstec'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 30.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$233.11 Million | 29.81% |
| Other Components | NT$548.93 Million | 70.19% |
| Total Equity | NT$782.04 Million | 100.00% |
Higgstec Competitors by Market Cap
The table below lists competitors of Higgstec ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IokCompany Co. Ltd
KQ:078860
|
$16.16 Million |
|
Black Dragon Gold Corp
AU:BDG
|
$16.17 Million |
|
T-Flex Techvest PCB Co., Ltd.
TWO:3276
|
$16.17 Million |
|
Medicamen Biotech Limited
NSE:MEDICAMEQ
|
$16.18 Million |
|
Hotel Fitra International Tbk PT
JK:FITT
|
$16.15 Million |
|
FAT Brands Inc
NASDAQ:FATBW
|
$16.14 Million |
|
Baird Medical Investment Holdings Limited
NASDAQ:BDMD
|
$16.14 Million |
|
NSE S.A. EO 155
F:7YM
|
$16.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Higgstec's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 806,317,000 to 782,039,000, a change of -24,278,000 (-3.0%).
- Net income of 11,143,000 contributed positively to equity growth.
- Dividend payments of 35,700,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$11.14 Million | +1.42% |
| Dividends Paid | NT$35.70 Million | -4.56% |
| Other Changes | NT$279.00K | +0.04% |
| Total Change | NT$- | -3.01% |
Book Value vs Market Value Analysis
This analysis compares Higgstec'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: 1.01x
- 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 1.31x to 1.01x 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$15.20 | NT$19.95 | x |
| 2018-12-31 | NT$17.76 | NT$19.95 | x |
| 2019-12-31 | NT$16.75 | NT$19.95 | x |
| 2020-12-31 | NT$19.82 | NT$19.95 | x |
| 2021-12-31 | NT$20.32 | NT$19.95 | x |
| 2022-12-31 | NT$20.95 | NT$19.95 | x |
| 2023-12-31 | NT$20.23 | NT$19.95 | x |
| 2024-12-31 | NT$19.72 | NT$19.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Higgstec 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): 1.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.63%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.57x
- Recent ROE (1.42%) is below the historical average (13.80%), 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 | 17.71% | 7.56% | 1.43x | 1.64x | NT$41.01 Million |
| 2018 | 20.85% | 11.82% | 1.26x | 1.40x | NT$76.45 Million |
| 2019 | 11.91% | 7.59% | 1.13x | 1.39x | NT$12.71 Million |
| 2020 | 23.48% | 15.83% | 0.89x | 1.67x | NT$107.29 Million |
| 2021 | 16.72% | 13.49% | 0.68x | 1.83x | NT$54.62 Million |
| 2022 | 13.62% | 11.73% | 0.68x | 1.71x | NT$30.41 Million |
| 2023 | 4.67% | 4.80% | 0.58x | 1.68x | NT$-42.99 Million |
| 2024 | 1.42% | 1.63% | 0.56x | 1.57x | NT$-67.06 Million |
Industry Comparison
This section compares Higgstec'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 |
|---|---|---|---|---|
| Higgstec (5220) | NT$740.61 Million | 17.71% | 0.54x | $16.16 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 |