EASYCARD Corporation
EASYCARD Corporation engages in the prepaid card sales and electronic payment clearing business in Taiwan and Japan. The company provides contactless smartcards for electronic transport ticket system. Its smartcards are also used as a tool for small-value payments at shops, such as convenience stores, supermarkets, and restaurants, as well as used at leisure facilities, hospitals, government agen… Read more
EASYCARD Corporation (6035) - Net Assets
Latest net assets as of June 2025: NT$1.14 Billion TWD
Based on the latest financial reports, EASYCARD Corporation (6035) has net assets worth NT$1.14 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$17.91 Billion) and total liabilities (NT$16.77 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$1.14 Billion |
| % of Total Assets | 6.36% |
| Annual Growth Rate | 3.06% |
| 5-Year Change | 20.77% |
| 10-Year Change | N/A |
| Growth Volatility | 7.85 |
EASYCARD Corporation - Net Assets Trend (2019–2024)
This chart illustrates how EASYCARD Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for EASYCARD Corporation (2019–2024)
The table below shows the annual net assets of EASYCARD Corporation from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.20 Billion | +5.59% |
| 2023-12-31 | NT$1.14 Billion | +16.07% |
| 2022-12-31 | NT$981.05 Million | +4.91% |
| 2021-12-31 | NT$935.10 Million | -6.08% |
| 2020-12-31 | NT$995.62 Million | -3.74% |
| 2019-12-31 | NT$1.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to EASYCARD Corporation'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 63.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$232.47 Million | 19.33% |
| Common Stock | NT$704.45 Million | 58.59% |
| Other Components | NT$265.49 Million | 22.08% |
| Total Equity | NT$1.20 Billion | 100.00% |
EASYCARD Corporation Competitors by Market Cap
The table below lists competitors of EASYCARD Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RevuCorporation Inc
KQ:443250
|
$19.92 Million |
|
Beyaz Filo Oto Kiralama AS
IS:BEYAZ
|
$19.92 Million |
|
HUDSON GLOBAL INC.DL-001
F:HDH1
|
$19.93 Million |
|
FREELANCE.COM EO -08
F:9B4
|
$19.93 Million |
|
Grand Hall Enterprise Co Ltd
TWO:8941
|
$19.91 Million |
|
Vyne Therapeutics Inc
NASDAQ:VYNE
|
$19.90 Million |
|
Materials Petroleum JSC
VN:COM
|
$19.90 Million |
|
Chosun Welding
KO:120030
|
$19.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EASYCARD Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,138,712,000 to 1,202,406,000, a change of 63,694,000 (5.6%).
- Net income of 232,958,000 contributed positively to equity growth.
- Dividend payments of 183,242,000 reduced retained earnings.
- New share issuances of 8,244,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$232.96 Million | +19.37% |
| Dividends Paid | NT$183.24 Million | -15.24% |
| Share Issuances | NT$8.24 Million | +0.69% |
| Other Changes | NT$5.73 Million | +0.48% |
| Total Change | NT$- | 5.59% |
Book Value vs Market Value Analysis
This analysis compares EASYCARD Corporation'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: 3.13x
- 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 3.55x to 3.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$14.78 | NT$52.50 | x |
| 2020-12-31 | NT$14.24 | NT$52.50 | x |
| 2021-12-31 | NT$13.36 | NT$52.50 | x |
| 2022-12-31 | NT$14.01 | NT$52.50 | x |
| 2023-12-31 | NT$16.24 | NT$52.50 | x |
| 2024-12-31 | NT$16.77 | NT$52.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EASYCARD Corporation 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): 19.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.86%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 14.99x
- Recent ROE (19.37%) is above the historical average (12.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 16.26% | 10.22% | 0.15x | 10.61x | NT$64.79 Million |
| 2020 | 11.24% | 7.51% | 0.13x | 11.52x | NT$12.34 Million |
| 2021 | 4.36% | 2.51% | 0.13x | 13.62x | NT$-52.72 Million |
| 2022 | 6.15% | 3.64% | 0.13x | 13.22x | NT$-37.78 Million |
| 2023 | 17.67% | 10.44% | 0.13x | 13.50x | NT$87.33 Million |
| 2024 | 19.37% | 11.86% | 0.11x | 14.99x | NT$112.72 Million |
Industry Comparison
This section compares EASYCARD Corporation's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $1,845,660,333
- Average return on equity (ROE) among peers: 8.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EASYCARD Corporation (6035) | NT$1.14 Billion | 16.26% | 14.72x | $19.91 Million |
| BaaS Innovation Co., Ltd. (3555) | $560.32 Million | 7.90% | 0.16x | $59.75 Million |
| Hyweb Technology Co Ltd (5212) | $408.46 Million | 7.99% | 0.70x | $33.00 Million |
| Egis Technology (6462) | $2.26 Billion | 26.20% | 0.60x | $245.37 Million |
| ThroughTek Co., Ltd. (6565) | $129.44 Million | -25.10% | 0.66x | $8.73 Million |
| eCloudvalley Digital Technology Co. Ltd. (6689) | $3.21 Billion | 4.79% | 0.97x | $96.30 Million |
| Acer Cyber Security Inc. (6690) | $3.14 Billion | 9.77% | 0.54x | $69.96 Million |
| 91App Inc (6741) | $3.25 Billion | 15.30% | 0.54x | $121.17 Million |
| Galaxy Software Services Corporation (6752) | $820.46 Million | 16.20% | 1.28x | $86.18 Million |
| Green World Fintech Service Co. Ltd. (6763) | $2.82 Billion | 14.06% | 1.38x | $114.92 Million |