GrandTech C.G. Systems (6123) - Net Assets
Based on the latest financial reports, GrandTech C.G. Systems (6123) has net assets worth NT$2.23 Billion TWD (≈ $70.12 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 ≈ $122.32 Million USD) and total liabilities (NT$1.66 Billion ≈ $52.20 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 GrandTech C.G. Systems (6123) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.23 Billion |
| % of Total Assets | 57.32% |
| Annual Growth Rate | 7.03% |
| 5-Year Change | 69.22% |
| 10-Year Change | N/A |
| Growth Volatility | 12.68 |
GrandTech C.G. Systems - Net Assets Trend (2017–2025)
This chart illustrates how GrandTech C.G. Systems's net assets have evolved over time, based on quarterly financial data. See 6123 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for GrandTech C.G. Systems (2017–2025)
The table below shows the annual net assets of GrandTech C.G. Systems from 2017 to 2025. For live valuation and market cap data, see 6123 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.23 Billion ≈ $70.12 Million |
+13.40% |
| 2024-12-31 | NT$1.96 Billion ≈ $61.83 Million |
+16.81% |
| 2023-12-31 | NT$1.68 Billion ≈ $52.93 Million |
-5.34% |
| 2022-12-31 | NT$1.77 Billion ≈ $55.92 Million |
+34.96% |
| 2021-12-31 | NT$1.32 Billion ≈ $41.44 Million |
+3.52% |
| 2020-12-31 | NT$1.27 Billion ≈ $40.02 Million |
+4.44% |
| 2019-12-31 | NT$1.22 Billion ≈ $38.32 Million |
-3.11% |
| 2018-12-31 | NT$1.26 Billion ≈ $39.55 Million |
-2.88% |
| 2017-12-31 | NT$1.29 Billion ≈ $40.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GrandTech C.G. Systems'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 decreased by 65.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$99.83 Million | 6.29% |
| Other Components | NT$1.49 Billion | 93.71% |
| Total Equity | NT$1.59 Billion | 100.00% |
GrandTech C.G. Systems Competitors by Market Cap
The table below lists competitors of GrandTech C.G. Systems ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Renergen Ltd
AU:RLT
|
$82.34 Million |
|
Interlink Telecom Public Company Limited
BK:ITEL
|
$82.35 Million |
|
TIAN GE INT.HLDGS DL-0001
F:04T
|
$82.36 Million |
|
KidariStudio Inc
KO:020120
|
$82.38 Million |
|
Helix BioPharma Corp.
TO:HBP
|
$82.32 Million |
|
R. Stahl AG NA O.N.
F:RSL2
|
$82.29 Million |
|
Micropolis Holding Company
NYSE:MCRP
|
$82.28 Million |
|
Bluemount Holdings Limited Class B Ordinary Shares
NASDAQ:BMHL
|
$82.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GrandTech C.G. Systems's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,574,803,000 to 1,586,279,000, a change of 11,476,000 (0.7%).
- Net income of 168,269,000 contributed positively to equity growth.
- Dividend payments of 251,462,000 reduced retained earnings.
- Share repurchases of 86,401,000 reduced equity.
- Other factors increased equity by 181,070,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$168.27 Million | +10.61% |
| Dividends Paid | NT$251.46 Million | -15.85% |
| Share Repurchases | NT$86.40 Million | -5.45% |
| Other Changes | NT$181.07 Million | +11.41% |
| Total Change | NT$- | 0.73% |
Book Value vs Market Value Analysis
This analysis compares GrandTech C.G. Systems'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: 1.65x
- 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 2.28x to 1.65x 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$18.98 | NT$43.20 | x |
| 2018-12-31 | NT$19.33 | NT$43.20 | x |
| 2019-12-31 | NT$17.60 | NT$43.20 | x |
| 2020-12-31 | NT$17.69 | NT$43.20 | x |
| 2021-12-31 | NT$18.05 | NT$43.20 | x |
| 2022-12-31 | NT$24.51 | NT$43.20 | x |
| 2023-12-31 | NT$22.13 | NT$43.20 | x |
| 2024-12-31 | NT$25.36 | NT$43.20 | x |
| 2025-12-31 | NT$26.22 | NT$43.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GrandTech C.G. Systems 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): 10.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.33%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 2.45x
- Recent ROE (10.61%) is below the historical average (18.98%), 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 | 15.33% | 4.07% | 1.91x | 1.97x | NT$59.85 Million |
| 2018 | 19.08% | 3.89% | 2.29x | 2.14x | NT$96.79 Million |
| 2019 | 20.75% | 4.02% | 2.07x | 2.49x | NT$109.59 Million |
| 2020 | 23.74% | 4.81% | 1.90x | 2.60x | NT$140.66 Million |
| 2021 | 26.84% | 5.67% | 1.78x | 2.66x | NT$175.65 Million |
| 2022 | 22.29% | 6.06% | 1.65x | 2.23x | NT$176.57 Million |
| 2023 | 17.82% | 4.70% | 1.61x | 2.36x | NT$107.56 Million |
| 2024 | 14.38% | 4.09% | 1.48x | 2.38x | NT$68.95 Million |
| 2025 | 10.61% | 3.33% | 1.30x | 2.45x | NT$9.64 Million |
Industry Comparison
This section compares GrandTech C.G. Systems's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $11,159,743,900
- Average return on equity (ROE) among peers: 11.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GrandTech C.G. Systems (6123) | NT$2.23 Billion | 15.33% | 0.74x | $82.33 Million |
| China Wire & Cable Co Ltd (1603) | $2.97 Billion | 5.87% | 1.87x | $158.89 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $4.81 Billion | 5.96% | 0.12x | $254.37 Million |
| Synnex Technology International Corp (2347) | $27.80 Billion | 11.84% | 1.27x | $4.86 Billion |
| Foxconn Technology Co Ltd (2354) | $49.32 Billion | 18.34% | 1.03x | $2.56 Billion |
| Senao International Co Ltd (2450) | $6.13 Billion | 23.32% | 0.72x | $236.36 Million |
| Wah Lee Industrial Corp (3010) | $13.28 Billion | 10.66% | 1.59x | $1.06 Billion |
| Weikeng Industrial Co Ltd (3033) | $3.74 Billion | 19.19% | 2.14x | $743.69 Million |
| Edom Technology Co Ltd (3048) | $2.25 Billion | 14.51% | 1.96x | $617.18 Million |
| MetaTech AP (3224) | $599.51 Million | 0.87% | 0.30x | $93.42 Million |
| Sentronic International (3232) | $702.21 Million | 2.09% | 0.68x | $33.82 Million |
About GrandTech C.G. Systems
GrandTech C.G. Systems Inc. provides marketing services for graphics, imaging, and multimedia design software in Taiwan. The company distributes 2D and 3D professional software products; digital printing equipment and solutions; and IT software and hardware products for enterprises, as well as IT product integration and cloud services. It also operates in Hong Kong, China, Singapore, Malaysia, In… Read more