Aspeed Technology (5274) - Net Assets
Based on the latest financial reports, Aspeed Technology (5274) has net assets worth NT$6.37 Billion TWD (≈ $200.61 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$9.35 Billion ≈ $294.68 Million USD) and total liabilities (NT$2.99 Billion ≈ $94.07 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 asset resilience ratio of Aspeed Technology to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.37 Billion |
| % of Total Assets | 68.08% |
| Annual Growth Rate | 24.8% |
| 5-Year Change | 87.74% |
| 10-Year Change | 434.4% |
| Growth Volatility | 23.54 |
Aspeed Technology - Net Assets Trend (2010–2024)
This chart illustrates how Aspeed Technology's net assets have evolved over time, based on quarterly financial data. Also explore Aspeed Technology total assets for the complete picture of this company's asset base.
Annual Net Assets for Aspeed Technology (2010–2024)
The table below shows the annual net assets of Aspeed Technology from 2010 to 2024. For live valuation and market cap data, see 5274 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.64 Billion ≈ $177.67 Million |
+47.08% |
| 2023-12-31 | NT$3.83 Billion ≈ $120.80 Million |
-14.56% |
| 2022-12-31 | NT$4.49 Billion ≈ $141.39 Million |
+26.55% |
| 2021-12-31 | NT$3.55 Billion ≈ $111.72 Million |
+18.06% |
| 2020-12-31 | NT$3.00 Billion ≈ $94.63 Million |
+14.06% |
| 2019-12-31 | NT$2.63 Billion ≈ $82.97 Million |
+13.07% |
| 2018-12-31 | NT$2.33 Billion ≈ $73.37 Million |
+12.08% |
| 2017-12-31 | NT$2.08 Billion ≈ $65.47 Million |
+9.30% |
| 2016-12-31 | NT$1.90 Billion ≈ $59.90 Million |
+80.16% |
| 2015-12-31 | NT$1.06 Billion ≈ $33.25 Million |
+22.61% |
| 2014-12-31 | NT$860.67 Million ≈ $27.12 Million |
+21.86% |
| 2013-12-31 | NT$706.30 Million ≈ $22.25 Million |
+66.08% |
| 2012-12-31 | NT$425.27 Million ≈ $13.40 Million |
+19.17% |
| 2011-12-31 | NT$356.85 Million ≈ $11.24 Million |
+40.70% |
| 2010-12-31 | NT$253.62 Million ≈ $7.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Aspeed Technology'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 3743.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.85 Billion | 50.56% |
| Other Components | NT$2.79 Billion | 49.44% |
| Total Equity | NT$5.64 Billion | 100.00% |
Aspeed Technology Competitors by Market Cap
The table below lists competitors of Aspeed Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
New China Life Insurance Co Ltd
SHG:601336
|
$19.65 Billion |
|
Liberty Media Corporation Series C Liberty Formula One Common Stock
NASDAQ:FWONK
|
$19.67 Billion |
|
Ast Spacemobile Inc
NASDAQ:ASTS
|
$19.68 Billion |
|
Bouygues SA
PA:EN
|
$19.69 Billion |
|
Packaging Corp of America
NYSE:PKG
|
$19.62 Billion |
|
Brown & Brown Inc
NYSE:BRO
|
$19.62 Billion |
|
Estee Lauder Companies Inc
NYSE:EL
|
$19.60 Billion |
|
Helvetia Holding AG
SW:HELN
|
$19.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aspeed Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,834,195,000 to 5,639,225,000, a change of 1,805,030,000 (47.1%).
- Net income of 2,571,308,000 contributed positively to equity growth.
- Dividend payments of 756,414,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,645,791,000.
- Other factors increased equity by 1,635,927,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.57 Billion | +45.6% |
| Dividends Paid | NT$756.41 Million | -13.41% |
| Other Comprehensive Income | NT$-1.65 Billion | -29.18% |
| Other Changes | NT$1.64 Billion | +29.01% |
| Total Change | NT$- | 47.08% |
Book Value vs Market Value Analysis
This analysis compares Aspeed Technology'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: 110.49x
- 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 decreased from 1620.33x to 110.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$10.17 | NT$16475.00 | x |
| 2011-12-31 | NT$11.84 | NT$16475.00 | x |
| 2012-12-31 | NT$12.61 | NT$16475.00 | x |
| 2013-12-31 | NT$20.88 | NT$16475.00 | x |
| 2014-12-31 | NT$24.73 | NT$16475.00 | x |
| 2015-12-31 | NT$30.22 | NT$16475.00 | x |
| 2016-12-31 | NT$54.22 | NT$16475.00 | x |
| 2017-12-31 | NT$55.58 | NT$16475.00 | x |
| 2018-12-31 | NT$62.05 | NT$16475.00 | x |
| 2019-12-31 | NT$69.92 | NT$16475.00 | x |
| 2020-12-31 | NT$79.51 | NT$16475.00 | x |
| 2021-12-31 | NT$93.72 | NT$16475.00 | x |
| 2022-12-31 | NT$117.97 | NT$16475.00 | x |
| 2023-12-31 | NT$101.28 | NT$16475.00 | x |
| 2024-12-31 | NT$149.10 | NT$16475.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aspeed Technology 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): 45.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.81%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.37x
- Recent ROE (45.60%) is above the historical average (31.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 29.25% | 26.07% | 0.98x | 1.14x | NT$48.82 Million |
| 2011 | 25.24% | 26.63% | 0.83x | 1.14x | NT$54.39 Million |
| 2012 | 31.90% | 28.01% | 0.94x | 1.21x | NT$93.14 Million |
| 2013 | 24.21% | 28.94% | 0.72x | 1.17x | NT$100.37 Million |
| 2014 | 32.61% | 32.80% | 0.82x | 1.21x | NT$194.63 Million |
| 2015 | 32.21% | 34.25% | 0.82x | 1.14x | NT$234.38 Million |
| 2016 | 23.46% | 33.14% | 0.51x | 1.38x | NT$255.80 Million |
| 2017 | 25.57% | 28.05% | 0.71x | 1.28x | NT$323.57 Million |
| 2018 | 29.45% | 31.85% | 0.76x | 1.22x | NT$453.03 Million |
| 2019 | 31.56% | 33.46% | 0.73x | 1.30x | NT$567.85 Million |
| 2020 | 33.45% | 32.79% | 0.83x | 1.24x | NT$704.32 Million |
| 2021 | 37.02% | 36.09% | 0.80x | 1.28x | NT$958.30 Million |
| 2022 | 46.92% | 40.41% | 0.88x | 1.32x | NT$1.66 Billion |
| 2023 | 26.26% | 32.16% | 0.69x | 1.19x | NT$623.39 Million |
| 2024 | 45.60% | 39.81% | 0.84x | 1.37x | NT$2.01 Billion |
Industry Comparison
This section compares Aspeed Technology's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $202,930,058,900
- Average return on equity (ROE) among peers: 7.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aspeed Technology (5274) | NT$6.37 Billion | 29.25% | 0.47x | $19.62 Billion |
| Polylite Taiwan Co Ltd (1813) | $883.80 Million | -0.02% | 0.44x | $18.07 Million |
| United Microelectronics Corporation (2303) | $281.20 Billion | 18.22% | 0.65x | $30.66 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $4.44 Billion | -3.97% | 3.02x | $1.14 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $1.61 Trillion | 21.92% | 0.40x | $1.74 Trillion |
| Macronix International Co Ltd (2337) | $24.66 Billion | 22.38% | 0.79x | $8.99 Billion |
| Optotech Corp (2340) | $7.08 Billion | 9.72% | 0.77x | $524.91 Million |
| Mosel Vitelic Inc (2342) | $6.57 Billion | -10.87% | 0.51x | $166.75 Million |
| Winbond Electronics Corp (2344) | $60.28 Billion | 5.50% | 0.10x | $12.73 Billion |
| Silicon Integrated Systems Corp (2363) | $7.70 Billion | -2.92% | 0.01x | $843.70 Million |
| Realtek Semiconductor Corp (2379) | $22.11 Billion | 17.61% | 0.86x | $8.72 Billion |
About Aspeed Technology
ASPEED Technology Inc. operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally. The company is involved in the design and sales of multimedia IC, computer peripheral IC, and advanced image processing IC. It also offers 2D VGA, BMC, and KVM over IP for server design and manufacturing firms; analog signal amplification and transmission, … Read more