Leo Systems (5410) - Net Assets
Based on the latest financial reports, Leo Systems (5410) has net assets worth NT$1.56 Billion TWD (≈ $49.06 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$4.01 Billion ≈ $126.46 Million USD) and total liabilities (NT$2.46 Billion ≈ $77.40 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 Leo Systems tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.56 Billion |
| % of Total Assets | 38.79% |
| Annual Growth Rate | 4.06% |
| 5-Year Change | 18.66% |
| 10-Year Change | N/A |
| Growth Volatility | 3.98 |
Leo Systems - Net Assets Trend (2017–2025)
This chart illustrates how Leo Systems's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Leo Systems to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Leo Systems (2017–2025)
The table below shows the annual net assets of Leo Systems from 2017 to 2025. For live valuation and market cap data, see Leo Systems market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.56 Billion ≈ $49.06 Million |
+7.38% |
| 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 grown by 23.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$302.14 Million | 19.41% |
| Other Components | NT$1.25 Billion | 80.59% |
| Total Equity | NT$1.56 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 |
|---|---|
|
Hercules Metals Corp.
V:BIG
|
$134.05 Million |
|
Bitcoin Group SE
XETRA:ADE
|
$134.10 Million |
|
C&C International Corp.
KQ:352480
|
$134.14 Million |
|
Lastminute.com NV
SW:LMN
|
$134.19 Million |
|
Century Land Joint Stock Company
VN:CRE
|
$133.89 Million |
|
Seoyon Co Ltd
KO:007860
|
$133.87 Million |
|
AMPACS Corp.
TW:6743
|
$133.84 Million |
|
Merit Turizm Yatirim ve Isletme AS
IS:MERIT
|
$133.82 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 2024 to 2025, total equity changed from 1,449,407,000 to 1,556,943,000, a change of 107,536,000 (7.4%).
- Net income of 214,913,000 contributed positively to equity growth.
- Dividend payments of 136,949,000 reduced retained earnings.
- New share issuances of 17,689,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$214.91 Million | +13.8% |
| Dividends Paid | NT$136.95 Million | -8.8% |
| Share Issuances | NT$17.69 Million | +1.14% |
| Other Changes | NT$11.88 Million | +0.76% |
| Total Change | NT$- | 7.42% |
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: 2.73x
- 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 3.62x to 2.73x 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$46.20 | x |
| 2018-12-31 | NT$12.97 | NT$46.20 | x |
| 2019-12-31 | NT$13.25 | NT$46.20 | x |
| 2020-12-31 | NT$13.64 | NT$46.20 | x |
| 2021-12-31 | NT$14.75 | NT$46.20 | x |
| 2022-12-31 | NT$15.92 | NT$46.20 | x |
| 2023-12-31 | NT$15.65 | NT$46.20 | x |
| 2024-12-31 | NT$15.88 | NT$46.20 | x |
| 2025-12-31 | NT$16.91 | NT$46.20 | 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): 13.80%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.90%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 2.58x
- Recent ROE (13.80%) is above the historical average (13.67%), indicating improving 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 |
| 2025 | 13.80% | 4.90% | 1.09x | 2.58x | NT$59.22 Million |
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: $34,396,175,000
- Average return on equity (ROE) among peers: 0.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leo Systems (5410) | NT$1.56 Billion | 10.99% | 1.58x | $133.99 Million |
| Solytech Enterprise Corp (1471) | $2.85 Billion | -4.49% | 0.49x | $50.71 Million |
| Lite-On Technology Corp (2301) | $74.14 Billion | 13.51% | 1.37x | $14.87 Billion |
| Microtek International Inc (2305) | $2.12 Billion | 12.16% | 0.47x | $193.84 Million |
| Kinpo Electronics Inc (2312) | $19.76 Billion | 0.15% | 0.97x | $1.65 Billion |
| CMC Magnetics Corp (2323) | $29.89 Billion | -11.83% | 0.40x | $374.09 Million |
| Compal Electronics Inc (2324) | $77.40 Billion | 11.31% | 1.58x | $5.13 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $10.51 Billion | 0.68% | 1.30x | $368.79 Million |
| Ritek Corp (2349) | $20.17 Billion | -10.72% | 0.53x | $289.57 Million |
| Qisda Corp (2352) | $31.37 Billion | 6.91% | 2.20x | $1.50 Billion |
| Acer Inc (2353) | $75.75 Billion | -8.72% | 2.28x | $3.56 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