Vate Technology Co Ltd (5344) - Net Assets
Based on the latest financial reports, Vate Technology Co Ltd (5344) has net assets worth NT$508.71 Million TWD (≈ $16.03 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$611.73 Million ≈ $19.27 Million USD) and total liabilities (NT$103.01 Million ≈ $3.25 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 allocation strategy of Vate Technology Co Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$508.71 Million |
| % of Total Assets | 83.16% |
| Annual Growth Rate | 3.57% |
| 5-Year Change | 8.94% |
| 10-Year Change | N/A |
| Growth Volatility | 7.12 |
Vate Technology Co Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Vate Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Vate Technology Co Ltd market capitalisation.
Annual Net Assets for Vate Technology Co Ltd (2019–2024)
The table below shows the annual net assets of Vate Technology Co Ltd from 2019 to 2024. Also explore Vate Technology Co Ltd (5344) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$533.08 Million ≈ $16.79 Million |
+5.96% |
| 2023-12-31 | NT$503.10 Million ≈ $15.85 Million |
-1.80% |
| 2022-12-31 | NT$512.33 Million ≈ $16.14 Million |
-6.82% |
| 2021-12-31 | NT$549.84 Million ≈ $17.32 Million |
+12.37% |
| 2020-12-31 | NT$489.32 Million ≈ $15.42 Million |
+9.41% |
| 2019-12-31 | NT$447.23 Million ≈ $14.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vate Technology 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 13643300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$739.47 Million | 138.72% |
| Total Equity | NT$533.08 Million | 100.00% |
Vate Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Vate Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mount Ridley Mines Ltd
AU:MRD
|
$33.19 Million |
|
GWR Group Ltd
AU:GWR
|
$33.20 Million |
|
Shenzhen Zhongheng Huafa Co Ltd Class B
SHE:200020
|
$33.20 Million |
|
Compumedics Ltd
AU:CMP
|
$33.22 Million |
|
Subur Tiasa Holdings Bhd
KLSE:6904
|
$33.15 Million |
|
Malton Bhd
KLSE:6181
|
$33.13 Million |
|
Grace Therapeutics, Inc.
NASDAQ:GRCE
|
$33.11 Million |
|
Workhorse Group Inc
NASDAQ:WKHS
|
$33.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vate Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 503,098,000 to 533,075,000, a change of 29,977,000 (6.0%).
- Net income of 43,547,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 41,430,000.
- Other factors decreased equity by 55,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$43.55 Million | +8.17% |
| Other Comprehensive Income | NT$41.43 Million | +7.77% |
| Other Changes | NT$-55.00 Million | -10.32% |
| Total Change | NT$- | 5.96% |
Book Value vs Market Value Analysis
This analysis compares Vate Technology 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: 1.97x
- 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 2.35x to 1.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$5.63 | NT$13.25 | x |
| 2020-12-31 | NT$6.16 | NT$13.25 | x |
| 2021-12-31 | NT$6.92 | NT$13.25 | x |
| 2022-12-31 | NT$6.45 | NT$13.25 | x |
| 2023-12-31 | NT$6.33 | NT$13.25 | x |
| 2024-12-31 | NT$6.71 | NT$13.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vate Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.17%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.35%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.23x
- Recent ROE (8.17%) is above the historical average (2.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -8.51% | -18.00% | 0.38x | 1.23x | NT$-82.77 Million |
| 2020 | 8.60% | 11.97% | 0.55x | 1.31x | NT$-6.84 Million |
| 2021 | 11.01% | 15.71% | 0.55x | 1.28x | NT$5.53 Million |
| 2022 | -3.54% | -6.78% | 0.42x | 1.23x | NT$-69.36 Million |
| 2023 | 1.67% | 2.82% | 0.49x | 1.21x | NT$-41.91 Million |
| 2024 | 8.17% | 12.35% | 0.54x | 1.23x | NT$-9.76 Million |
Industry Comparison
This section compares Vate Technology Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $133,131,553,800
- Average return on equity (ROE) among peers: 5.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vate Technology Co Ltd (5344) | NT$508.71 Million | -8.51% | 0.20x | $33.16 Million |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $16.53 Million |
| United Microelectronics Corporation (2303) | $361.41 Billion | 16.88% | 0.55x | $56.24 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $4.77 Billion | 0.00% | 3.01x | $883.36 Million |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $834.11 Billion | 22.06% | 0.51x | $1.94 Trillion |
| Macronix International Co Ltd (2337) | $36.41 Billion | 12.78% | 0.24x | $7.42 Billion |
| Optotech Corp (2340) | $8.50 Billion | 3.62% | 0.47x | $456.62 Million |
| Mosel Vitelic Inc (2342) | $6.57 Billion | -10.87% | 0.51x | $201.25 Million |
| Winbond Electronics Corp (2344) | $38.25 Billion | -19.25% | 0.98x | $23.96 Billion |
| Silicon Integrated Systems Corp (2363) | $18.41 Billion | 4.28% | 0.11x | $843.70 Million |
| Realtek Semiconductor Corp (2379) | $21.86 Billion | 15.52% | 1.39x | $11.63 Billion |
About Vate Technology Co Ltd
Vate Technology Co., Ltd. provides integrated circuit (IC) testing services in Taiwan. The company offers IC testing services related to the service of wafer probing and final testing; BURN IN, a test service on electrical components and final products; and LED lighting equipment. It provides chip probing tests, final tests, SLT system module tests, CMOS image sensor testing, and back-end service… Read more