Soft-World International (5478) - Net Assets
Based on the latest financial reports, Soft-World International (5478) has net assets worth NT$10.20 Billion TWD (≈ $321.21 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$19.68 Billion ≈ $620.14 Million USD) and total liabilities (NT$9.49 Billion ≈ $298.93 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 Soft-World International tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$10.20 Billion |
| % of Total Assets | 51.8% |
| Annual Growth Rate | 5.05% |
| 5-Year Change | 32.82% |
| 10-Year Change | 57.37% |
| Growth Volatility | 10.64 |
Soft-World International - Net Assets Trend (2006–2025)
This chart illustrates how Soft-World International's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Soft-World International to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Soft-World International (2006–2025)
The table below shows the annual net assets of Soft-World International from 2006 to 2025. For live valuation and market cap data, see Soft-World International market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$10.20 Billion ≈ $321.21 Million |
-7.36% |
| 2024-12-31 | NT$11.01 Billion ≈ $346.75 Million |
+34.65% |
| 2023-12-31 | NT$8.17 Billion ≈ $257.52 Million |
+2.21% |
| 2022-12-31 | NT$8.00 Billion ≈ $251.94 Million |
+4.18% |
| 2021-12-31 | NT$7.68 Billion ≈ $241.83 Million |
+2.90% |
| 2020-12-31 | NT$7.46 Billion ≈ $235.01 Million |
+5.00% |
| 2019-12-31 | NT$7.10 Billion ≈ $223.83 Million |
+5.25% |
| 2018-12-31 | NT$6.75 Billion ≈ $212.65 Million |
+5.15% |
| 2017-12-31 | NT$6.42 Billion ≈ $202.23 Million |
-0.92% |
| 2016-12-31 | NT$6.48 Billion ≈ $204.11 Million |
+2.85% |
| 2015-12-31 | NT$6.30 Billion ≈ $198.45 Million |
-0.42% |
| 2014-12-31 | NT$6.33 Billion ≈ $199.28 Million |
+8.34% |
| 2013-12-31 | NT$5.84 Billion ≈ $183.95 Million |
+1.33% |
| 2012-12-31 | NT$5.76 Billion ≈ $181.53 Million |
-4.07% |
| 2011-12-31 | NT$6.01 Billion ≈ $189.24 Million |
-11.73% |
| 2010-12-31 | NT$6.80 Billion ≈ $214.37 Million |
+8.12% |
| 2009-12-31 | NT$6.29 Billion ≈ $198.28 Million |
+19.33% |
| 2008-12-31 | NT$5.27 Billion ≈ $166.15 Million |
+4.68% |
| 2007-12-31 | NT$5.04 Billion ≈ $158.72 Million |
+25.99% |
| 2006-12-31 | NT$4.00 Billion ≈ $125.98 Million |
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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 198.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.77 Billion | 31.04% |
| Other Components | NT$6.16 Billion | 68.96% |
| Total Equity | NT$8.93 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 Aishida Electric Co Ltd
SHE:002403
|
$500.46 Million |
|
Amex Exploration Inc
V:AMX
|
$500.62 Million |
|
GREENLIGHT CAP.RE A DL-01
F:G8L
|
$500.81 Million |
|
Kaufman Et Broad
PA:KOF
|
$501.24 Million |
|
Yinchuan Xinhua Commercial Group Co Ltd
SHG:600785
|
$500.21 Million |
|
Just Dial Limited
NSE:JUSTDIAL
|
$500.17 Million |
|
Jiang Su Wujin Stainless Steel Pipe Group Co Ltd
SHG:603878
|
$500.06 Million |
|
Posiflex Technology Inc
TW:8114
|
$499.97 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 2024 to 2025, total equity changed from 9,804,260,000 to 8,930,152,000, a change of -874,108,000 (-8.9%).
- Net income of 1,188,199,000 contributed positively to equity growth.
- Dividend payments of 1,123,710,000 reduced retained earnings.
- Other factors decreased equity by 938,597,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.19 Billion | +13.31% |
| Dividends Paid | NT$1.12 Billion | -12.58% |
| Other Changes | NT$-938.60 Million | -10.51% |
| Total Change | NT$- | -8.92% |
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: 1.78x
- 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 3.89x to 1.78x 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$106.00 | x |
| 2007-12-31 | NT$32.07 | NT$106.00 | x |
| 2008-12-31 | NT$33.50 | NT$106.00 | x |
| 2009-12-31 | NT$38.32 | NT$106.00 | x |
| 2010-12-31 | NT$41.17 | NT$106.00 | x |
| 2011-12-31 | NT$36.69 | NT$106.00 | x |
| 2012-12-31 | NT$36.29 | NT$106.00 | x |
| 2013-12-31 | NT$37.49 | NT$106.00 | x |
| 2014-12-31 | NT$41.64 | NT$106.00 | x |
| 2015-12-31 | NT$42.47 | NT$106.00 | x |
| 2016-12-31 | NT$44.52 | NT$106.00 | x |
| 2017-12-31 | NT$44.34 | NT$106.00 | x |
| 2018-12-31 | NT$45.26 | NT$106.00 | x |
| 2019-12-31 | NT$48.68 | NT$106.00 | x |
| 2020-12-31 | NT$51.64 | NT$106.00 | x |
| 2021-12-31 | NT$53.30 | NT$106.00 | x |
| 2022-12-31 | NT$55.61 | NT$106.00 | x |
| 2023-12-31 | NT$57.45 | NT$106.00 | x |
| 2024-12-31 | NT$65.44 | NT$106.00 | x |
| 2025-12-31 | NT$59.60 | NT$106.00 | 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): 13.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.23%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 2.20x
- Recent ROE (13.31%) is above the historical average (12.38%), indicating improving 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 |
| 2025 | 13.31% | 18.23% | 0.33x | 2.20x | NT$295.18 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: $1,755,255,111
- Average return on equity (ROE) among peers: 10.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Soft-World International (5478) | NT$10.20 Billion | 10.58% | 0.93x | $500.36 Million |
| Chinese Gamer International (3083) | $1.35 Billion | 0.05% | 0.08x | $80.11 Million |
| Wayi International Digital Entertainment Co (3086) | $315.84 Million | 29.43% | 0.23x | $31.36 Million |
| International Games System Co Ltd (3293) | $3.37 Billion | 26.45% | 0.29x | $6.85 Billion |
| Userjoy Technology Co Ltd (3546) | $1.51 Billion | 21.39% | 0.27x | $159.41 Million |
| MacroWell OMG Digital Entertainment Co Ltd (3687) | $1.39 Billion | -9.43% | 1.02x | $72.73 Million |
| X-Legend Entertainment Co Ltd (4994) | $1.22 Billion | 25.94% | 0.33x | $194.50 Million |
| Softstar Entertainment (6111) | $4.03 Billion | 1.92% | 0.96x | $136.20 Million |
| Gamania Digital Entertainment Co Ltd (6180) | $2.46 Billion | 3.00% | 0.91x | $270.80 Million |
| Fun Yours Technology Co Ltd (6482) | $137.36 Million | 0.00% | 0.20x | $26.43 Million |
About 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.It also operates the Soft-World Music Multimedia Center that has one larg… Read more