Softstar Entertainment
Star Fusion Group Co., Ltd., together with its subsidiaries, develops, distributes, and sells gaming software in Taiwan. The company engages in the operation and licensing of online games. It also provides professional marketing strategies and planning, big data analysis services, and precise digital advertising placements across various media platforms; and collection tools for credit and debit … Read more
Softstar Entertainment (6111) - Net Assets
Latest net assets as of September 2025: NT$9.21 Billion TWD
Based on the latest financial reports, Softstar Entertainment (6111) has net assets worth NT$9.21 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$30.56 Billion) and total liabilities (NT$21.35 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$9.21 Billion |
| % of Total Assets | 30.14% |
| Annual Growth Rate | 35.03% |
| 5-Year Change | 362.09% |
| 10-Year Change | N/A |
| Growth Volatility | 50.1 |
Softstar Entertainment - Net Assets Trend (2017–2024)
This chart illustrates how Softstar Entertainment's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Softstar Entertainment (2017–2024)
The table below shows the annual net assets of Softstar Entertainment from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.03 Billion | +34.88% |
| 2023-12-31 | NT$2.99 Billion | -8.60% |
| 2022-12-31 | NT$3.27 Billion | +50.86% |
| 2021-12-31 | NT$2.17 Billion | +148.47% |
| 2020-12-31 | NT$872.89 Million | +8.44% |
| 2019-12-31 | NT$804.94 Million | +65.46% |
| 2018-12-31 | NT$486.49 Million | -1.26% |
| 2017-12-31 | NT$492.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Softstar Entertainment'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 1805.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$334.86 Million | 16.33% |
| Other Components | NT$1.72 Billion | 83.67% |
| Total Equity | NT$2.05 Billion | 100.00% |
Softstar Entertainment Competitors by Market Cap
The table below lists competitors of Softstar Entertainment ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MPS Limited
NSE:MPSLTD
|
$78.56 Million |
|
PATRIOT BANK DL 2
F:PN21
|
$78.57 Million |
|
KIMIA FARMA -B-
MU:HQP
|
$78.59 Million |
|
American Well Corp
NYSE:AMWL
|
$78.62 Million |
|
Frontier Lithium Inc
OTCQX:LITOF
|
$78.54 Million |
|
XBP Europe Holdings Inc
NASDAQ:XBP
|
$78.48 Million |
|
Kudelski SA
PINK:KDCXF
|
$78.41 Million |
|
Zespol Elektrowni Patnow Adamow Konin SA
WAR:ZEP
|
$78.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Softstar Entertainment's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,552,817,000 to 2,049,956,000, a change of 497,139,000 (32.0%).
- Net income of 77,639,000 contributed positively to equity growth.
- Share repurchases of 71,836,000 reduced equity.
- New share issuances of 338,000,000 increased equity.
- Other factors increased equity by 153,336,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$77.64 Million | +3.79% |
| Share Repurchases | NT$71.84 Million | -3.5% |
| Share Issuances | NT$338.00 Million | +16.49% |
| Other Changes | NT$153.34 Million | +7.48% |
| Total Change | NT$- | 32.02% |
Book Value vs Market Value Analysis
This analysis compares Softstar Entertainment'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: 2.10x
- 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 5.48x to 2.10x 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$8.03 | NT$43.95 | x |
| 2018-12-31 | NT$7.95 | NT$43.95 | x |
| 2019-12-31 | NT$12.75 | NT$43.95 | x |
| 2020-12-31 | NT$8.54 | NT$43.95 | x |
| 2021-12-31 | NT$16.30 | NT$43.95 | x |
| 2022-12-31 | NT$19.81 | NT$43.95 | x |
| 2023-12-31 | NT$15.73 | NT$43.95 | x |
| 2024-12-31 | NT$20.89 | NT$43.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Softstar Entertainment utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.52%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 3.85x
- Recent ROE (3.79%) is below the historical average (15.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.71% | 2.31% | 0.89x | 1.81x | NT$-30.91 Million |
| 2018 | 18.06% | 10.26% | 0.79x | 2.23x | NT$39.19 Million |
| 2019 | 40.51% | 57.62% | 0.46x | 1.54x | NT$245.55 Million |
| 2020 | 6.52% | 10.43% | 0.45x | 1.39x | NT$-30.37 Million |
| 2021 | 44.52% | 132.40% | 0.18x | 1.83x | NT$574.30 Million |
| 2022 | 31.25% | 27.48% | 0.42x | 2.69x | NT$420.75 Million |
| 2023 | -21.58% | -10.27% | 0.46x | 4.59x | NT$-490.41 Million |
| 2024 | 3.79% | 1.52% | 0.65x | 3.85x | NT$-127.36 Million |
Industry Comparison
This section compares Softstar Entertainment's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $2,658,299,778
- Average return on equity (ROE) among peers: 8.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Softstar Entertainment (6111) | NT$9.21 Billion | 3.71% | 2.32x | $78.55 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 |
| Soft-World International (5478) | $6.48 Billion | 6.50% | 0.74x | $163.32 Million |
| InterServ International Inc. (6169) | $336.85 Million | 1.69% | 0.33x | $8.66 Million |