Key Ware Electronics Co Ltd (5498) - Net Assets
Based on the latest financial reports, Key Ware Electronics Co Ltd (5498) has net assets worth NT$2.12 Billion TWD (≈ $66.80 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$3.88 Billion ≈ $122.09 Million USD) and total liabilities (NT$1.75 Billion ≈ $55.29 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 Key Ware Electronics Co Ltd 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$2.12 Billion |
| % of Total Assets | 54.71% |
| Annual Growth Rate | 2.22% |
| 5-Year Change | 5.5% |
| 10-Year Change | N/A |
| Growth Volatility | 6.77 |
Key Ware Electronics Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Key Ware Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Key Ware Electronics Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Key Ware Electronics Co Ltd (2016–2025)
The table below shows the annual net assets of Key Ware Electronics Co Ltd from 2016 to 2025. For live valuation and market cap data, see Key Ware Electronics Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.12 Billion ≈ $66.80 Million |
+1.09% |
| 2024-12-31 | NT$2.10 Billion ≈ $66.08 Million |
+2.84% |
| 2023-12-31 | NT$2.04 Billion ≈ $64.26 Million |
-4.02% |
| 2022-12-31 | NT$2.12 Billion ≈ $66.95 Million |
+5.74% |
| 2021-12-31 | NT$2.01 Billion ≈ $63.32 Million |
-1.55% |
| 2020-12-31 | NT$2.04 Billion ≈ $64.32 Million |
+17.17% |
| 2019-12-31 | NT$1.74 Billion ≈ $54.89 Million |
+6.00% |
| 2018-12-31 | NT$1.64 Billion ≈ $51.78 Million |
-8.16% |
| 2017-12-31 | NT$1.79 Billion ≈ $56.39 Million |
+2.81% |
| 2016-12-31 | NT$1.74 Billion ≈ $54.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Key Ware Electronics 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 grown by 27384000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$251.73 Million | 11.97% |
| Other Components | NT$1.85 Billion | 88.03% |
| Total Equity | NT$2.10 Billion | 100.00% |
Key Ware Electronics Co Ltd Competitors by Market Cap
The table below lists competitors of Key Ware Electronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Innover Technology Co Ltd
SHE:002767
|
$378.19 Million |
|
Haverty Furniture Companies Inc
NYSE:HVT
|
$378.28 Million |
|
Clenergy Xiamen Technology Co Ltd
SHG:603628
|
$378.34 Million |
|
Nanjing Huamai Tech Co Ltd
SHG:603042
|
$378.34 Million |
|
Siamgas and Petrochemicals Public Company Limited
BK:SGP-R
|
$378.08 Million |
|
Hynar Water Group Co. Ltd.
SHE:300961
|
$377.97 Million |
|
Enity
ST:ENITY
|
$377.73 Million |
|
Gopal Snacks Ltd
NSE:GOPAL
|
$377.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Key Ware Electronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,078,487,000 to 2,102,244,000, a change of 23,757,000 (1.1%).
- Net loss of 618,000 reduced equity.
- Dividend payments of 28,868,000 reduced retained earnings.
- New share issuances of 14,596,000 increased equity.
- Other factors increased equity by 38,647,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-618.00K | -0.03% |
| Dividends Paid | NT$28.87 Million | -1.37% |
| Share Issuances | NT$14.60 Million | +0.69% |
| Other Changes | NT$38.65 Million | +1.84% |
| Total Change | NT$- | 1.14% |
Book Value vs Market Value Analysis
This analysis compares Key Ware Electronics 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: 5.71x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.37x to 5.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$9.75 | NT$62.10 | x |
| 2017-12-31 | NT$9.85 | NT$62.10 | x |
| 2018-12-31 | NT$9.03 | NT$62.10 | x |
| 2019-12-31 | NT$9.56 | NT$62.10 | x |
| 2020-12-31 | NT$11.20 | NT$62.10 | x |
| 2021-12-31 | NT$11.00 | NT$62.10 | x |
| 2022-12-31 | NT$10.89 | NT$62.10 | x |
| 2023-12-31 | NT$10.52 | NT$62.10 | x |
| 2024-12-31 | NT$10.80 | NT$62.10 | x |
| 2025-12-31 | NT$10.88 | NT$62.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Key Ware Electronics Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.04%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.84x
- Recent ROE (-0.03%) is below the historical average (1.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 2.52% | 5.43% | 0.28x | 1.64x | NT$-130.21 Million |
| 2017 | 2.04% | 3.48% | 0.35x | 1.68x | NT$-140.22 Million |
| 2018 | 2.25% | 2.98% | 0.41x | 1.85x | NT$-125.25 Million |
| 2019 | 4.06% | 5.54% | 0.41x | 1.78x | NT$-101.57 Million |
| 2020 | 4.35% | 6.90% | 0.36x | 1.77x | NT$-113.49 Million |
| 2021 | 1.59% | 1.99% | 0.38x | 2.11x | NT$-165.85 Million |
| 2022 | 0.13% | 0.18% | 0.36x | 1.95x | NT$-207.00 Million |
| 2023 | 0.59% | 1.11% | 0.29x | 1.81x | NT$-190.34 Million |
| 2024 | -0.07% | -0.13% | 0.31x | 1.81x | NT$-209.33 Million |
| 2025 | -0.03% | -0.04% | 0.36x | 1.84x | NT$-210.84 Million |
Industry Comparison
This section compares Key Ware Electronics Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $5,323,823,400
- Average return on equity (ROE) among peers: 7.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Key Ware Electronics Co Ltd (5498) | NT$2.12 Billion | 2.52% | 0.83x | $378.16 Million |
| Basso Industry Corp (1527) | $3.61 Billion | 17.17% | 1.79x | $146.91 Million |
| Jenn Feng New Energy Co Ltd (1538) | $138.93 Million | -36.99% | 0.85x | $11.91 Million |
| Chang Type Industrial Co Ltd (1541) | $1.01 Billion | 17.02% | 0.26x | $55.11 Million |
| Kinik Co (1560) | $3.65 Billion | 12.50% | 0.26x | $3.43 Billion |
| De Poan Pneumatic (1570) | $866.22 Million | 15.53% | 0.23x | $65.23 Million |
| Inmax Holding Co Ltd (1591) | $411.00 Million | 12.11% | 0.54x | $37.34 Million |
| Tycoons Group Enterprise Co Ltd (2022) | $5.76 Billion | -10.09% | 1.26x | $81.58 Million |
| Hiwin Technologies Corp (2049) | $35.11 Billion | 5.79% | 0.46x | $3.73 Billion |
| Sheh Kai Precision Co Ltd (2063) | $971.27 Million | 24.02% | 0.93x | $37.05 Million |
| Sheh Fung Screws Co Ltd (2065) | $1.71 Billion | 16.18% | 0.72x | $66.74 Million |
About Key Ware Electronics Co Ltd
Key Ware Electronics Co., Ltd. designs, manufactures, and processes printed circuit board materials in Taiwan, Mainland China, and Thailand. The company offers electroplating solutions, dry films, drill bits, and copper foil substrates, as well as CCL products. It also provides machinery equipment, drilling and hand tools, and drilling subcontracting services, as well as engages in the general in… Read more