Gallant Precision Machining Co Ltd (5443) - Net Assets
Based on the latest financial reports, Gallant Precision Machining Co Ltd (5443) has net assets worth NT$9.89 Billion TWD (≈ $311.70 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$16.78 Billion ≈ $528.62 Million USD) and total liabilities (NT$6.89 Billion ≈ $216.92 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. Also explore Gallant Precision Machining Co Ltd asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$9.89 Billion |
| % of Total Assets | 58.97% |
| Annual Growth Rate | 18.52% |
| 5-Year Change | 240.18% |
| 10-Year Change | N/A |
| Growth Volatility | 31.42 |
Gallant Precision Machining Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Gallant Precision Machining Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Gallant Precision Machining Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Gallant Precision Machining Co Ltd (2017–2025)
The table below shows the annual net assets of Gallant Precision Machining Co Ltd from 2017 to 2025. For live valuation and market cap data, see market cap of Gallant Precision Machining Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$9.89 Billion ≈ $311.70 Million |
+31.66% |
| 2024-12-31 | NT$7.51 Billion ≈ $236.75 Million |
+100.13% |
| 2023-12-31 | NT$3.75 Billion ≈ $118.30 Million |
+15.83% |
| 2022-12-31 | NT$3.24 Billion ≈ $102.13 Million |
+11.47% |
| 2021-12-31 | NT$2.91 Billion ≈ $91.63 Million |
+8.85% |
| 2020-12-31 | NT$2.67 Billion ≈ $84.18 Million |
-5.26% |
| 2019-12-31 | NT$2.82 Billion ≈ $88.86 Million |
-1.40% |
| 2018-12-31 | NT$2.86 Billion ≈ $90.12 Million |
+12.59% |
| 2017-12-31 | NT$2.54 Billion ≈ $80.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gallant Precision Machining 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 8.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$404.44 Million | 4.60% |
| Other Components | NT$8.39 Billion | 95.40% |
| Total Equity | NT$8.80 Billion | 100.00% |
Gallant Precision Machining Co Ltd Competitors by Market Cap
The table below lists competitors of Gallant Precision Machining Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JPP Holding Company Limited
TW:5284
|
$602.40 Million |
|
TMK
KLSE:5330
|
$602.56 Million |
|
Carriage Services Inc
NYSE:CSV
|
$602.57 Million |
|
Jiangxi Chen Guang New Materials Co Ltd
SHG:605399
|
$602.59 Million |
|
Flytech Technology Co Ltd
TW:6206
|
$601.72 Million |
|
Shenzhen SDG Service Co. Ltd.
SHE:300917
|
$601.68 Million |
|
China Oil HBP Science & Technology Co Ltd
SHE:002554
|
$601.11 Million |
|
CorMedix Inc
NASDAQ:CRMD
|
$600.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gallant Precision Machining Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,759,877,000 to 8,797,707,000, a change of 2,037,830,000 (30.1%).
- Net income of 416,948,000 contributed positively to equity growth.
- Dividend payments of 495,789,000 reduced retained earnings.
- New share issuances of 73,184,000 increased equity.
- Other factors increased equity by 2,043,487,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$416.95 Million | +4.74% |
| Dividends Paid | NT$495.79 Million | -5.64% |
| Share Issuances | NT$73.18 Million | +0.83% |
| Other Changes | NT$2.04 Billion | +23.23% |
| Total Change | NT$- | 30.15% |
Book Value vs Market Value Analysis
This analysis compares Gallant Precision Machining 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: 2.17x
- 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 8.82x to 2.17x 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$13.43 | NT$118.50 | x |
| 2018-12-31 | NT$14.64 | NT$118.50 | x |
| 2019-12-31 | NT$14.45 | NT$118.50 | x |
| 2020-12-31 | NT$13.67 | NT$118.50 | x |
| 2021-12-31 | NT$15.23 | NT$118.50 | x |
| 2022-12-31 | NT$16.10 | NT$118.50 | x |
| 2023-12-31 | NT$19.29 | NT$118.50 | x |
| 2024-12-31 | NT$42.07 | NT$118.50 | x |
| 2025-12-31 | NT$54.62 | NT$118.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gallant Precision Machining Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.93%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.91x
- Recent ROE (4.74%) is below the historical average (9.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.03% | 4.14% | 0.78x | 2.81x | NT$-21.55 Million |
| 2018 | 15.31% | 7.59% | 0.75x | 2.70x | NT$128.34 Million |
| 2019 | 10.44% | 5.88% | 0.66x | 2.70x | NT$10.49 Million |
| 2020 | 6.74% | 4.32% | 0.57x | 2.75x | NT$-72.21 Million |
| 2021 | 10.08% | 5.11% | 0.71x | 2.78x | NT$1.90 Million |
| 2022 | 14.77% | 8.24% | 0.60x | 2.99x | NT$125.95 Million |
| 2023 | 6.42% | 6.59% | 0.36x | 2.74x | NT$-113.57 Million |
| 2024 | 4.39% | 6.69% | 0.33x | 1.99x | NT$-379.24 Million |
| 2025 | 4.74% | 8.93% | 0.28x | 1.91x | NT$-462.82 Million |
Industry Comparison
This section compares Gallant Precision Machining Co Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $4,352,592,600
- Average return on equity (ROE) among peers: 8.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gallant Precision Machining Co Ltd (5443) | NT$9.89 Billion | 9.03% | 0.70x | $602.20 Million |
| Rectron Ltd (2302) | $1.78 Billion | 2.22% | 0.22x | $273.50 Million |
| Taiwan Mask Corp (2338) | $4.63 Billion | 5.00% | 0.21x | $441.64 Million |
| SDI Corp (2351) | $7.12 Billion | 10.44% | 0.71x | $1.31 Billion |
| Lingsen Precision Industries Ltd (2369) | $6.47 Billion | 12.19% | 0.30x | $509.63 Million |
| Greatek Electronics Inc (2441) | $6.12 Billion | 22.53% | 0.28x | $2.60 Billion |
| Visual Photonics Epitaxy Co Ltd (2455) | $2.67 Billion | 12.69% | 0.30x | $1.97 Billion |
| Pan Jit International Inc (2481) | $3.40 Billion | 0.16% | 1.84x | $2.74 Billion |
| Ampoc Far-East Co Ltd (2493) | $1.86 Billion | 6.16% | 0.48x | $1.59 Billion |
| Episil-Precision Inc (3016) | $5.06 Billion | 5.23% | 0.47x | $1.17 Billion |
| Zenitron Corp (3028) | $4.41 Billion | 5.23% | 2.23x | $598.70 Million |
About Gallant Precision Machining Co Ltd
Gallant Precision Machining Co., Ltd. manufactures and sells flat panel display manufacturing and testing equipment, semiconductor packaging equipment, automation equipment, and related products in Taiwan, China, and internationally. It offers semiconductor and flat panel display products, such as AOI, grinding, polisher, wet process, and prober, as well as lamination flat panel products; printed… Read more