Anpec Electronics
Anpec Electronics Corporation engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally. The company provides power management; battery management; PMIC; linear regulators, such as single output LDO, DDR termination, and daul output LDO regulators, as well as LDO regulator controllers; and switching regulators, including boost … Read more
Anpec Electronics (6138) - Net Assets
Latest net assets as of September 2025: NT$4.59 Billion TWD
Based on the latest financial reports, Anpec Electronics (6138) has net assets worth NT$4.59 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$6.32 Billion) and total liabilities (NT$1.74 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$4.59 Billion |
| % of Total Assets | 72.55% |
| Annual Growth Rate | 5.13% |
| 5-Year Change | 61.0% |
| 10-Year Change | 127.68% |
| Growth Volatility | 9.27 |
Anpec Electronics - Net Assets Trend (2009–2024)
This chart illustrates how Anpec Electronics's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Anpec Electronics (2009–2024)
The table below shows the annual net assets of Anpec Electronics from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.52 Billion | +11.55% |
| 2023-12-31 | NT$4.06 Billion | -1.32% |
| 2022-12-31 | NT$4.11 Billion | +14.07% |
| 2021-12-31 | NT$3.60 Billion | +28.22% |
| 2020-12-31 | NT$2.81 Billion | +9.96% |
| 2019-12-31 | NT$2.56 Billion | +8.32% |
| 2018-12-31 | NT$2.36 Billion | -6.65% |
| 2017-12-31 | NT$2.53 Billion | +16.52% |
| 2016-12-31 | NT$2.17 Billion | +9.16% |
| 2015-12-31 | NT$1.99 Billion | -0.06% |
| 2014-12-31 | NT$1.99 Billion | -3.11% |
| 2013-12-31 | NT$2.05 Billion | +1.51% |
| 2012-12-31 | NT$2.02 Billion | -2.95% |
| 2011-12-31 | NT$2.08 Billion | -4.68% |
| 2010-12-31 | NT$2.19 Billion | +2.32% |
| 2009-12-31 | NT$2.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Anpec Electronics'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 330.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.39 Billion | 38.80% |
| Other Components | NT$2.20 Billion | 61.20% |
| Total Equity | NT$3.59 Billion | 100.00% |
Anpec Electronics Competitors by Market Cap
The table below lists competitors of Anpec Electronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiangyu Medical Co. Ltd. A
SHG:688626
|
$453.41 Million |
|
Probe Gold Inc.
TO:PRB
|
$453.44 Million |
|
Sinopec Kantons Holdings Limited
F:SAK
|
$453.50 Million |
|
EverQuote Inc Class A
NASDAQ:EVER
|
$453.53 Million |
|
Tangel Publishing
SHE:300148
|
$453.23 Million |
|
Bengang Steel Plates Co Ltd
SHE:000761
|
$452.44 Million |
|
Mochida Pharmaceutical Co. Ltd
F:MFY
|
$452.38 Million |
|
New Pacific Metals Corp
NYSE MKT:NEWP
|
$452.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Anpec Electronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,206,222,000 to 3,590,691,000, a change of 384,469,000 (12.0%).
- Net income of 720,093,000 contributed positively to equity growth.
- Dividend payments of 439,793,000 reduced retained earnings.
- Other comprehensive income decreased equity by 702,758,999.
- Other factors increased equity by 806,927,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$720.09 Million | +20.05% |
| Dividends Paid | NT$439.79 Million | -12.25% |
| Other Comprehensive Income | NT$-702.76 Million | -19.57% |
| Other Changes | NT$806.93 Million | +22.47% |
| Total Change | NT$- | 11.99% |
Book Value vs Market Value Analysis
This analysis compares Anpec Electronics'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: 4.66x
- 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 10.07x to 4.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$22.50 | NT$226.50 | x |
| 2010-12-31 | NT$22.47 | NT$226.50 | x |
| 2011-12-31 | NT$21.83 | NT$226.50 | x |
| 2012-12-31 | NT$21.34 | NT$226.50 | x |
| 2013-12-31 | NT$20.65 | NT$226.50 | x |
| 2014-12-31 | NT$21.18 | NT$226.50 | x |
| 2015-12-31 | NT$24.68 | NT$226.50 | x |
| 2016-12-31 | NT$26.03 | NT$226.50 | x |
| 2017-12-31 | NT$21.15 | NT$226.50 | x |
| 2018-12-31 | NT$21.20 | NT$226.50 | x |
| 2019-12-31 | NT$29.15 | NT$226.50 | x |
| 2020-12-31 | NT$31.57 | NT$226.50 | x |
| 2021-12-31 | NT$39.87 | NT$226.50 | x |
| 2022-12-31 | NT$44.13 | NT$226.50 | x |
| 2023-12-31 | NT$43.41 | NT$226.50 | x |
| 2024-12-31 | NT$48.65 | NT$226.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Anpec Electronics utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.83%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 1.69x
- Recent ROE (20.05%) is above the historical average (14.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 7.15% | 4.94% | 1.03x | 1.40x | NT$-58.51 Million |
| 2010 | 7.05% | 4.10% | 1.29x | 1.33x | NT$-61.65 Million |
| 2011 | 6.65% | 3.86% | 1.22x | 1.42x | NT$-66.53 Million |
| 2012 | 5.54% | 3.30% | 1.24x | 1.35x | NT$-85.02 Million |
| 2013 | 5.47% | 3.36% | 1.16x | 1.40x | NT$-84.68 Million |
| 2014 | 13.23% | 6.75% | 1.32x | 1.48x | NT$57.46 Million |
| 2015 | 8.46% | 4.79% | 1.17x | 1.50x | NT$-27.08 Million |
| 2016 | 10.81% | 5.41% | 1.20x | 1.67x | NT$15.17 Million |
| 2017 | 13.14% | 6.71% | 1.20x | 1.63x | NT$67.69 Million |
| 2018 | 20.32% | 8.11% | 1.38x | 1.82x | NT$199.66 Million |
| 2019 | 16.43% | 7.59% | 1.19x | 1.82x | NT$135.03 Million |
| 2020 | 19.92% | 8.47% | 1.34x | 1.76x | NT$227.36 Million |
| 2021 | 31.80% | 13.74% | 1.19x | 1.95x | NT$636.94 Million |
| 2022 | 29.14% | 15.10% | 1.05x | 1.83x | NT$632.87 Million |
| 2023 | 15.93% | 9.43% | 0.90x | 1.87x | NT$190.17 Million |
| 2024 | 20.05% | 11.83% | 1.00x | 1.69x | NT$361.02 Million |
Industry Comparison
This section compares Anpec Electronics's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $20,387,667,400
- Average return on equity (ROE) among peers: -0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Anpec Electronics (6138) | NT$4.59 Billion | 7.15% | 0.38x | $453.31 Million |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Winbond Electronics Corp (2344) | $78.11 Billion | 0.00% | 0.35x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |