Leo Systems (5410) - Net Assets
Based on the latest financial reports, Leo Systems (5410) has net assets worth NT$1.49 Billion TWD (≈ $46.83 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$3.76 Billion ≈ $118.44 Million USD) and total liabilities (NT$2.27 Billion ≈ $71.61 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 financial resilience of Leo Systems to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.49 Billion |
| % of Total Assets | 39.54% |
| Annual Growth Rate | 3.59% |
| 5-Year Change | 20.81% |
| 10-Year Change | N/A |
| Growth Volatility | 4.04 |
Leo Systems - Net Assets Trend (2017–2024)
This chart illustrates how Leo Systems's net assets have evolved over time, based on quarterly financial data. Also explore 5410 total assets for the complete picture of this company's asset base.
Annual Net Assets for Leo Systems (2017–2024)
The table below shows the annual net assets of Leo Systems from 2017 to 2024. For live valuation and market cap data, see Leo Systems market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.45 Billion ≈ $45.69 Million |
+0.72% |
| 2023-12-31 | NT$1.44 Billion ≈ $45.36 Million |
+0.22% |
| 2022-12-31 | NT$1.44 Billion ≈ $45.26 Million |
+9.47% |
| 2021-12-31 | NT$1.31 Billion ≈ $41.35 Million |
+9.33% |
| 2020-12-31 | NT$1.20 Billion ≈ $37.82 Million |
+3.60% |
| 2019-12-31 | NT$1.16 Billion ≈ $36.50 Million |
+3.96% |
| 2018-12-31 | NT$1.11 Billion ≈ $35.11 Million |
-1.62% |
| 2017-12-31 | NT$1.13 Billion ≈ $35.69 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Leo Systems'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 2.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$239.41 Million | 16.52% |
| Other Components | NT$1.21 Billion | 83.48% |
| Total Equity | NT$1.45 Billion | 100.00% |
Leo Systems Competitors by Market Cap
The table below lists competitors of Leo Systems ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
myNEWS Holdings Bhd
KLSE:5275
|
$95.14 Million |
|
Viatron Technologies Inc
KQ:141000
|
$95.15 Million |
|
Ester Industries Limited
NSE:ESTER
|
$95.17 Million |
|
Buriram Sugar Public Company Limited
BK:BRR
|
$95.17 Million |
|
WINS Co. Ltd
KQ:136540
|
$95.13 Million |
|
BMT Co. Ltd
KQ:086670
|
$95.10 Million |
|
Super Dragon Technology Co Ltd
TW:9955
|
$95.09 Million |
|
Interpark Co. Ltd
KQ:035080
|
$95.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Leo Systems's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,438,664,000 to 1,449,407,000, a change of 10,743,000 (0.7%).
- Net income of 145,623,000 contributed positively to equity growth.
- Dividend payments of 187,717,000 reduced retained earnings.
- New share issuances of 40,490,000 increased equity.
- Other comprehensive income decreased equity by 5,403,000.
- Other factors increased equity by 17,750,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$145.62 Million | +10.05% |
| Dividends Paid | NT$187.72 Million | -12.95% |
| Share Issuances | NT$40.49 Million | +2.79% |
| Other Comprehensive Income | NT$-5.40 Million | -0.37% |
| Other Changes | NT$17.75 Million | +1.22% |
| Total Change | NT$- | 0.75% |
Book Value vs Market Value Analysis
This analysis compares Leo Systems'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: 2.07x
- 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 2.57x to 2.07x 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$12.75 | NT$32.80 | x |
| 2018-12-31 | NT$12.97 | NT$32.80 | x |
| 2019-12-31 | NT$13.25 | NT$32.80 | x |
| 2020-12-31 | NT$13.64 | NT$32.80 | x |
| 2021-12-31 | NT$14.75 | NT$32.80 | x |
| 2022-12-31 | NT$15.92 | NT$32.80 | x |
| 2023-12-31 | NT$15.65 | NT$32.80 | x |
| 2024-12-31 | NT$15.88 | NT$32.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leo Systems 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): 10.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.74%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 2.61x
- Recent ROE (10.05%) is below the historical average (13.65%), 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 | 10.99% | 4.26% | 1.32x | 1.96x | NT$10.80 Million |
| 2018 | 12.21% | 4.21% | 1.52x | 1.91x | NT$24.59 Million |
| 2019 | 14.39% | 4.83% | 1.48x | 2.01x | NT$50.83 Million |
| 2020 | 14.41% | 4.87% | 1.34x | 2.20x | NT$52.88 Million |
| 2021 | 14.21% | 5.19% | 1.41x | 1.93x | NT$55.26 Million |
| 2022 | 19.88% | 4.29% | 1.40x | 3.31x | NT$141.80 Million |
| 2023 | 13.10% | 5.45% | 1.18x | 2.04x | NT$44.58 Million |
| 2024 | 10.05% | 3.74% | 1.03x | 2.61x | NT$682.30K |
Industry Comparison
This section compares Leo Systems's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $37,332,807,700
- Average return on equity (ROE) among peers: -1.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leo Systems (5410) | NT$1.49 Billion | 10.99% | 1.53x | $95.13 Million |
| Solytech Enterprise Corp (1471) | $1.00 Billion | -31.82% | 0.68x | $53.55 Million |
| Lite-On Technology Corp (2301) | $79.28 Billion | 11.88% | 1.66x | $11.87 Billion |
| Microtek International Inc (2305) | $2.23 Billion | -0.87% | 0.17x | $100.28 Million |
| Kinpo Electronics Inc (2312) | $14.67 Billion | 10.08% | 0.70x | $1.31 Billion |
| CMC Magnetics Corp (2323) | $33.57 Billion | -1.91% | 0.45x | $348.35 Million |
| Compal Electronics Inc (2324) | $115.99 Billion | 8.07% | 3.03x | $3.98 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.02 Billion | 0.42% | 1.12x | $360.88 Million |
| Ritek Corp (2349) | $9.39 Billion | -2.63% | 0.94x | $272.09 Million |
| Qisda Corp (2352) | $31.13 Billion | -5.81% | 2.57x | $975.88 Million |
| Acer Inc (2353) | $75.03 Billion | -3.88% | 2.02x | $2.61 Billion |
About Leo Systems
Leo Systems, Inc. engages in planning, designing, and sale of information software and hardware maintenance services in Taiwan. The company provides technology applications, such as AI, 5G, and AIoT applications; digital transformation services comprising system integration, cloud-based office tools, information security, access control and security management, information product sales, and main… Read more