Higgstec (5220) - Net Assets
Based on the latest financial reports, Higgstec (5220) has net assets worth NT$740.61 Million TWD (≈ $23.33 Million USD) 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 ≈ $35.95 Million USD) and total liabilities (NT$400.56 Million ≈ $12.62 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 Higgstec liquidity resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore how large is Higgstec's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Higgstec (2017–2024)
The table below shows the annual net assets of Higgstec from 2017 to 2024. For live valuation and market cap data, see 5220 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$782.04 Million ≈ $24.64 Million |
-3.01% |
| 2023-12-31 | NT$806.32 Million ≈ $25.40 Million |
-4.03% |
| 2022-12-31 | NT$840.18 Million ≈ $26.47 Million |
+3.35% |
| 2021-12-31 | NT$812.93 Million ≈ $25.61 Million |
+2.13% |
| 2020-12-31 | NT$796.01 Million ≈ $25.08 Million |
+19.77% |
| 2019-12-31 | NT$664.61 Million ≈ $20.94 Million |
-5.69% |
| 2018-12-31 | NT$704.67 Million ≈ $22.20 Million |
+32.47% |
| 2017-12-31 | NT$531.95 Million ≈ $16.76 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 |
|---|---|
|
Brilliant Earth Group Inc
NASDAQ:BRLT
|
$25.05 Million |
|
ReWalk Robotics Ltd
NASDAQ:LFWD
|
$25.05 Million |
|
Crest Builder Holdings Bhd
KLSE:8591
|
$25.06 Million |
|
Pantera Silver Corp
V:PNTR
|
$25.08 Million |
|
ZK International Group Co Ltd
NASDAQ:ZKIN
|
$25.04 Million |
|
THE INX DIGITAL CO.INC.
F:FN4
|
$25.03 Million |
|
Dae Won Chem
KO:024890
|
$25.03 Million |
|
Lachish
TA:LHIS
|
$25.02 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: 1.02x
- 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 1.33x to 1.02x 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$20.20 | x |
| 2018-12-31 | NT$17.76 | NT$20.20 | x |
| 2019-12-31 | NT$16.75 | NT$20.20 | x |
| 2020-12-31 | NT$19.82 | NT$20.20 | x |
| 2021-12-31 | NT$20.32 | NT$20.20 | x |
| 2022-12-31 | NT$20.95 | NT$20.20 | x |
| 2023-12-31 | NT$20.23 | NT$20.20 | x |
| 2024-12-31 | NT$19.72 | NT$20.20 | 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: $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 |
|---|---|---|---|---|
| Higgstec (5220) | NT$740.61 Million | 17.71% | 0.54x | $25.05 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 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