Soft-World International
Soft-World International Corporation develops, operates, and distributes games in Taiwan and China. The company offers MyCard, which provides payment and marketing services to game publishers; e-PLAY, a product sales and marketing event organization platform; and MyCard Bonus app, a supplementary service for game publishers that allows players to engage in new game trials. It also operates the So… Read more
Soft-World International (5478) - Net Assets
Latest net assets as of September 2025: NT$10.05 Billion TWD
Based on the latest financial reports, Soft-World International (5478) has net assets worth NT$10.05 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$18.20 Billion) and total liabilities (NT$8.16 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$10.05 Billion |
| % of Total Assets | 55.19% |
| Annual Growth Rate | 5.79% |
| 5-Year Change | 47.55% |
| 10-Year Change | 74.73% |
| Growth Volatility | 10.47 |
Soft-World International - Net Assets Trend (2006–2024)
This chart illustrates how Soft-World International's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Soft-World International (2006–2024)
The table below shows the annual net assets of Soft-World International from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$11.01 Billion | +34.65% |
| 2023-12-31 | NT$8.17 Billion | +2.21% |
| 2022-12-31 | NT$8.00 Billion | +4.18% |
| 2021-12-31 | NT$7.68 Billion | +2.90% |
| 2020-12-31 | NT$7.46 Billion | +5.00% |
| 2019-12-31 | NT$7.10 Billion | +5.25% |
| 2018-12-31 | NT$6.75 Billion | +5.15% |
| 2017-12-31 | NT$6.42 Billion | -0.92% |
| 2016-12-31 | NT$6.48 Billion | +2.85% |
| 2015-12-31 | NT$6.30 Billion | -0.42% |
| 2014-12-31 | NT$6.33 Billion | +8.34% |
| 2013-12-31 | NT$5.84 Billion | +1.33% |
| 2012-12-31 | NT$5.76 Billion | -4.07% |
| 2011-12-31 | NT$6.01 Billion | -11.73% |
| 2010-12-31 | NT$6.80 Billion | +8.12% |
| 2009-12-31 | NT$6.29 Billion | +19.33% |
| 2008-12-31 | NT$5.27 Billion | +4.68% |
| 2007-12-31 | NT$5.04 Billion | +25.99% |
| 2006-12-31 | NT$4.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Soft-World International'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 208.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.87 Billion | 29.26% |
| Other Components | NT$6.94 Billion | 70.74% |
| Total Equity | NT$9.80 Billion | 100.00% |
Soft-World International Competitors by Market Cap
The table below lists competitors of Soft-World International ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Tianzhen Technology Co. Ltd. A
SHE:301356
|
$163.37 Million |
|
Deceuninck
BR:DECB
|
$163.38 Million |
|
STRAITS TRADG SD 1
F:W2F
|
$163.49 Million |
|
IBASE Technology
TWO:8050
|
$163.51 Million |
|
Harbin Medisan Pharmaceutical Co Ltd
SHE:002900
|
$163.31 Million |
|
FSP Technology Inc
TW:3015
|
$163.27 Million |
|
Goodluck India Limited
NSE:GOODLUCK
|
$163.26 Million |
|
Maiquer Group Co Ltd
SHE:002719
|
$163.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Soft-World International's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,992,977,000 to 9,804,260,000, a change of 2,811,283,000 (40.2%).
- Net income of 1,139,432,000 contributed positively to equity growth.
- Dividend payments of 1,343,393,000 reduced retained earnings.
- Share repurchases of 59,782,000 reduced equity.
- New share issuances of 43,364,000 increased equity.
- Other comprehensive income decreased equity by 1,765,915,000.
- Other factors increased equity by 4,797,577,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.14 Billion | +11.62% |
| Dividends Paid | NT$1.34 Billion | -13.7% |
| Share Repurchases | NT$59.78 Million | -0.61% |
| Share Issuances | NT$43.36 Million | +0.44% |
| Other Comprehensive Income | NT$-1.77 Billion | -18.01% |
| Other Changes | NT$4.80 Billion | +48.93% |
| Total Change | NT$- | 40.20% |
Book Value vs Market Value Analysis
This analysis compares Soft-World International'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: 1.71x
- 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 4.11x to 1.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$27.28 | NT$112.00 | x |
| 2007-12-31 | NT$32.07 | NT$112.00 | x |
| 2008-12-31 | NT$33.50 | NT$112.00 | x |
| 2009-12-31 | NT$38.32 | NT$112.00 | x |
| 2010-12-31 | NT$41.17 | NT$112.00 | x |
| 2011-12-31 | NT$36.69 | NT$112.00 | x |
| 2012-12-31 | NT$36.29 | NT$112.00 | x |
| 2013-12-31 | NT$37.49 | NT$112.00 | x |
| 2014-12-31 | NT$41.64 | NT$112.00 | x |
| 2015-12-31 | NT$42.47 | NT$112.00 | x |
| 2016-12-31 | NT$44.52 | NT$112.00 | x |
| 2017-12-31 | NT$44.34 | NT$112.00 | x |
| 2018-12-31 | NT$45.26 | NT$112.00 | x |
| 2019-12-31 | NT$48.68 | NT$112.00 | x |
| 2020-12-31 | NT$51.64 | NT$112.00 | x |
| 2021-12-31 | NT$53.30 | NT$112.00 | x |
| 2022-12-31 | NT$55.61 | NT$112.00 | x |
| 2023-12-31 | NT$57.45 | NT$112.00 | x |
| 2024-12-31 | NT$65.44 | NT$112.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Soft-World International 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): 11.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.82%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.99x
- Recent ROE (11.62%) is below the historical average (12.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 10.58% | 9.28% | 0.66x | 1.72x | NT$19.08 Million |
| 2007 | 21.53% | 16.27% | 0.78x | 1.70x | NT$466.03 Million |
| 2008 | 23.41% | 13.91% | 0.91x | 1.86x | NT$571.70 Million |
| 2009 | 20.67% | 11.94% | 0.94x | 1.84x | NT$519.69 Million |
| 2010 | 22.69% | 12.75% | 0.93x | 1.91x | NT$664.11 Million |
| 2011 | 8.87% | 4.67% | 0.99x | 1.92x | NT$-52.88 Million |
| 2012 | 6.02% | 2.58% | 1.21x | 1.93x | NT$-184.18 Million |
| 2013 | 8.00% | 3.47% | 1.15x | 2.01x | NT$-95.62 Million |
| 2014 | 9.79% | 3.47% | 1.40x | 2.02x | NT$-11.30 Million |
| 2015 | 5.68% | 2.09% | 1.43x | 1.90x | NT$-235.12 Million |
| 2016 | 7.39% | 2.71% | 1.38x | 1.98x | NT$-148.75 Million |
| 2017 | 7.36% | 2.67% | 1.38x | 1.99x | NT$-149.76 Million |
| 2018 | 8.14% | 8.31% | 0.45x | 2.19x | NT$-105.70 Million |
| 2019 | 10.22% | 10.48% | 0.46x | 2.14x | NT$13.20 Million |
| 2020 | 14.94% | 12.99% | 0.53x | 2.17x | NT$312.14 Million |
| 2021 | 12.76% | 12.57% | 0.43x | 2.37x | NT$179.75 Million |
| 2022 | 12.32% | 13.72% | 0.36x | 2.48x | NT$157.37 Million |
| 2023 | 12.30% | 13.76% | 0.37x | 2.42x | NT$160.53 Million |
| 2024 | 11.62% | 16.82% | 0.35x | 1.99x | NT$159.01 Million |
Industry Comparison
This section compares Soft-World International's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $2,301,988,000
- Average return on equity (ROE) among peers: 9.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Soft-World International (5478) | NT$10.05 Billion | 10.58% | 0.81x | $163.32 Million |
| Chinese Gamer International (3083) | $1.13 Billion | -2.01% | 0.12x | $33.78 Million |
| Wayi International Digital Entertainment Co (3086) | $134.18 Million | -44.96% | 1.53x | $44.55 Million |
| International Games System Co Ltd (3293) | $8.97 Billion | 52.77% | 0.36x | $5.35 Billion |
| Userjoy Technology Co Ltd (3546) | $1.01 Billion | 13.32% | 0.22x | $94.02 Million |
| MacroWell OMG Digital Entertainment Co Ltd (3687) | $3.96 Billion | 1.32% | 1.22x | $41.14 Million |
| Cayenne Entertainment Technology Co. Ltd. (4946) | $118.92 Million | 20.59% | 1.02x | $20.54 Million |
| X-Legend Entertainment Co Ltd (4994) | $1.79 Billion | 24.25% | 0.44x | $99.66 Million |
| Softstar Entertainment (6111) | $3.27 Billion | 18.91% | 0.63x | $78.55 Million |
| InterServ International Inc. (6169) | $336.85 Million | 1.69% | 0.33x | $8.66 Million |