Sirtec International Co Ltd (5356) - Net Assets
Based on the latest financial reports, Sirtec International Co Ltd (5356) has net assets worth NT$4.27 Billion TWD (≈ $134.51 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$5.52 Billion ≈ $173.78 Million USD) and total liabilities (NT$1.25 Billion ≈ $39.26 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 Sirtec International Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.27 Billion |
| % of Total Assets | 77.41% |
| Annual Growth Rate | -1.52% |
| 5-Year Change | -1.09% |
| 10-Year Change | N/A |
| Growth Volatility | 3.93 |
Sirtec International Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Sirtec International Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Sirtec International Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Sirtec International Co Ltd (2016–2024)
The table below shows the annual net assets of Sirtec International Co Ltd from 2016 to 2024. For live valuation and market cap data, see how much is Sirtec International Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.66 Billion ≈ $146.69 Million |
+0.35% |
| 2023-12-31 | NT$4.64 Billion ≈ $146.18 Million |
+7.10% |
| 2022-12-31 | NT$4.33 Billion ≈ $136.50 Million |
-1.79% |
| 2021-12-31 | NT$4.41 Billion ≈ $138.99 Million |
-6.28% |
| 2020-12-31 | NT$4.71 Billion ≈ $148.31 Million |
+0.36% |
| 2019-12-31 | NT$4.69 Billion ≈ $147.77 Million |
-2.21% |
| 2018-12-31 | NT$4.80 Billion ≈ $151.11 Million |
-5.14% |
| 2017-12-31 | NT$5.06 Billion ≈ $159.30 Million |
-3.96% |
| 2016-12-31 | NT$5.26 Billion ≈ $165.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sirtec International 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 decreased by 38.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.21 Billion | 47.38% |
| Other Components | NT$2.45 Billion | 52.62% |
| Total Equity | NT$4.66 Billion | 100.00% |
Sirtec International Co Ltd Competitors by Market Cap
The table below lists competitors of Sirtec International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Banco Santander Río S.A
BA:BRIO
|
$87.20 Million |
|
Hasen-Immobilien AG
STU:ABHA
|
$87.20 Million |
|
Coya Therapeutics, Inc. Common Stock
NASDAQ:COYA
|
$87.25 Million |
|
Nusa Raya Cipta Tbk
JK:NRCA
|
$87.27 Million |
|
FitLife Brands, Inc. Common Stock
NASDAQ:FTLF
|
$87.15 Million |
|
Rimbunan Sawit Bhd
KLSE:5113
|
$87.14 Million |
|
Guru Organic Energy Corp
TO:GURU
|
$87.11 Million |
|
iCapital.biz Berhad
KLSE:5108
|
$87.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sirtec International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,593,692,000 to 4,656,031,000, a change of 62,339,000 (1.4%).
- Net income of 222,569,000 contributed positively to equity growth.
- Dividend payments of 236,992,000 reduced retained earnings.
- Other factors increased equity by 76,762,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$222.57 Million | +4.78% |
| Dividends Paid | NT$236.99 Million | -5.09% |
| Other Changes | NT$76.76 Million | +1.65% |
| Total Change | NT$- | 1.36% |
Book Value vs Market Value Analysis
This analysis compares Sirtec International 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: 0.59x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$49.07 | NT$26.85 | x |
| 2018-12-31 | NT$45.49 | NT$26.85 | x |
| 2019-12-31 | NT$44.40 | NT$26.85 | x |
| 2020-12-31 | NT$44.54 | NT$26.85 | x |
| 2021-12-31 | NT$41.70 | NT$26.85 | x |
| 2022-12-31 | NT$40.95 | NT$26.85 | x |
| 2023-12-31 | NT$44.54 | NT$26.85 | x |
| 2024-12-31 | NT$45.19 | NT$26.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sirtec International 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): 4.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.74%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.32x
- Recent ROE (4.78%) is below the historical average (5.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.71% | 5.73% | 1.30x | 1.44x | NT$37.30 Million |
| 2017 | 9.26% | 4.98% | 1.35x | 1.37x | NT$-37.25 Million |
| 2018 | 3.67% | 2.49% | 1.06x | 1.39x | NT$-296.49 Million |
| 2019 | 5.00% | 4.45% | 0.81x | 1.39x | NT$-228.62 Million |
| 2020 | 5.40% | 6.89% | 0.62x | 1.26x | NT$-211.29 Million |
| 2021 | -0.68% | -0.76% | 0.66x | 1.36x | NT$-458.74 Million |
| 2022 | -1.46% | -1.66% | 0.63x | 1.41x | NT$-483.30 Million |
| 2023 | 12.29% | 17.00% | 0.54x | 1.33x | NT$105.30 Million |
| 2024 | 4.78% | 5.74% | 0.63x | 1.32x | NT$-243.03 Million |
Industry Comparison
This section compares Sirtec International Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $180,200,345,300
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sirtec International Co Ltd (5356) | NT$4.27 Billion | 10.71% | 0.29x | $87.16 Million |
| Syncmold Enterprise Corp (1582) | $184.49 Million | 15.30% | 0.73x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $6.49 Billion | 0.00% | 1.01x | $1.78 Billion |
| Delta Electronics Inc (2308) | $33.12 Billion | 20.11% | 0.96x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $15.84 Billion | 0.00% | 1.12x | $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) | $1.69 Trillion | 8.40% | 1.33x | $96.56 Billion |
| Yageo Corp (2327) | $27.35 Billion | 2.10% | 0.67x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $5.49 Billion | 6.90% | 0.48x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.10 Billion | 9.66% | 0.65x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.90 Billion | 3.31% | 0.21x | $642.50 Million |
About Sirtec International Co Ltd
Sirtec International Co.,Ltd., together with its subsidiaries, designs, manufactures, and sells electronic product assemblies, and plastic injection and molding products in Taiwan and China. The company offers communication products, including GPS receivers, broadband routers, and VO IPhones; computer peripheral products, such as laser toner cartridges, POS machines, and platform NAS; consumer pr… Read more