Cipherlab Co Ltd
Cipherlab Co.,Ltd. designs, manufactures, markets, and sells automatic identification and data capture products under the CipherLab brand name in Taiwan, Mainland China, and the United States. The company offers windows/android and proprietary mobile computers; general purpose, business durable, and pocket sized barcode scanners; HF and UHF radio frequency identification readers; and software sol… Read more
Cipherlab Co Ltd (6160) - Net Assets
Latest net assets as of September 2025: NT$687.30 Million TWD
Based on the latest financial reports, Cipherlab Co Ltd (6160) has net assets worth NT$687.30 Million 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$1.13 Billion) and total liabilities (NT$446.33 Million). 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$687.30 Million |
| % of Total Assets | 60.63% |
| Annual Growth Rate | -1.86% |
| 5-Year Change | -3.21% |
| 10-Year Change | -22.37% |
| Growth Volatility | 6.05 |
Cipherlab Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Cipherlab Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cipherlab Co Ltd (2009–2024)
The table below shows the annual net assets of Cipherlab Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$727.15 Million | -4.27% |
| 2023-12-31 | NT$759.59 Million | -5.68% |
| 2022-12-31 | NT$805.33 Million | +2.48% |
| 2021-12-31 | NT$785.82 Million | +4.60% |
| 2020-12-31 | NT$751.29 Million | -7.85% |
| 2019-12-31 | NT$815.31 Million | -7.09% |
| 2018-12-31 | NT$877.55 Million | +7.10% |
| 2017-12-31 | NT$819.40 Million | -13.46% |
| 2016-12-31 | NT$946.81 Million | +1.08% |
| 2015-12-31 | NT$936.72 Million | -2.90% |
| 2014-12-31 | NT$964.72 Million | -0.41% |
| 2013-12-31 | NT$968.69 Million | -1.88% |
| 2012-12-31 | NT$987.21 Million | -8.97% |
| 2011-12-31 | NT$1.08 Billion | +4.83% |
| 2010-12-31 | NT$1.03 Billion | +7.29% |
| 2009-12-31 | NT$964.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cipherlab 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 decreased by 131.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$765.02 Million | 105.17% |
| Total Equity | NT$727.41 Million | 100.00% |
Cipherlab Co Ltd Competitors by Market Cap
The table below lists competitors of Cipherlab Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Syntara Ltd
AU:SNT
|
$23.95 Million |
|
Companhia de Gás de São Paulo - COMGÁS
SA:CGAS3
|
$23.96 Million |
|
The Farmers Bank of Appomattox
OTCQB:FBPA
|
$23.97 Million |
|
Hep Tech Co Ltd
TWO:3609
|
$23.97 Million |
|
TERACT EO 1
F:6O8
|
$23.95 Million |
|
SPSoft Inc.
KQ:443670
|
$23.95 Million |
|
Highlands REIT Inc
OTCGREY:HHDS
|
$23.95 Million |
|
Shining Victory Motor Electronic Co., Ltd.
TW:2248
|
$23.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cipherlab Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 759,911,000 to 727,412,000, a change of -32,499,000 (-4.3%).
- Net loss of 39,103,000 reduced equity.
- Other comprehensive income decreased equity by 78,304,000.
- Other factors increased equity by 84,908,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-39.10 Million | -5.38% |
| Other Comprehensive Income | NT$-78.30 Million | -10.76% |
| Other Changes | NT$84.91 Million | +11.67% |
| Total Change | NT$- | -4.28% |
Book Value vs Market Value Analysis
This analysis compares Cipherlab 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: 1.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.16x to 1.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$13.93 | NT$16.15 | x |
| 2010-12-31 | NT$14.87 | NT$16.15 | x |
| 2011-12-31 | NT$15.75 | NT$16.15 | x |
| 2012-12-31 | NT$14.28 | NT$16.15 | x |
| 2013-12-31 | NT$14.02 | NT$16.15 | x |
| 2014-12-31 | NT$14.08 | NT$16.15 | x |
| 2015-12-31 | NT$13.64 | NT$16.15 | x |
| 2016-12-31 | NT$13.74 | NT$16.15 | x |
| 2017-12-31 | NT$11.95 | NT$16.15 | x |
| 2018-12-31 | NT$12.75 | NT$16.15 | x |
| 2019-12-31 | NT$11.90 | NT$16.15 | x |
| 2020-12-31 | NT$10.97 | NT$16.15 | x |
| 2021-12-31 | NT$11.42 | NT$16.15 | x |
| 2022-12-31 | NT$11.71 | NT$16.15 | x |
| 2023-12-31 | NT$11.10 | NT$16.15 | x |
| 2024-12-31 | NT$10.62 | NT$16.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cipherlab 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): -5.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.02%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 1.64x
- Recent ROE (-5.38%) is below the historical average (4.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 12.29% | 9.99% | 0.95x | 1.30x | NT$22.04 Million |
| 2010 | 18.20% | 13.78% | 1.08x | 1.23x | NT$84.88 Million |
| 2011 | 17.24% | 12.00% | 1.05x | 1.37x | NT$78.53 Million |
| 2012 | 8.22% | 5.28% | 1.18x | 1.32x | NT$-17.57 Million |
| 2013 | 5.36% | 3.61% | 1.14x | 1.30x | NT$-44.70 Million |
| 2014 | 3.98% | 2.83% | 1.09x | 1.29x | NT$-58.04 Million |
| 2015 | 4.39% | 3.64% | 0.94x | 1.28x | NT$-52.55 Million |
| 2016 | 8.62% | 6.26% | 1.07x | 1.29x | NT$-13.03 Million |
| 2017 | -6.79% | -4.48% | 1.06x | 1.44x | NT$-137.49 Million |
| 2018 | 6.45% | 3.61% | 1.17x | 1.53x | NT$-31.18 Million |
| 2019 | -1.18% | -0.75% | 1.11x | 1.42x | NT$-91.08 Million |
| 2020 | -8.27% | -6.02% | 0.91x | 1.50x | NT$-137.21 Million |
| 2021 | 4.52% | 2.50% | 1.08x | 1.68x | NT$-43.02 Million |
| 2022 | 4.00% | 2.56% | 0.92x | 1.70x | NT$-48.31 Million |
| 2023 | -0.57% | -0.32% | 1.13x | 1.59x | NT$-80.36 Million |
| 2024 | -5.38% | -3.02% | 1.08x | 1.64x | NT$-111.84 Million |
Industry Comparison
This section compares Cipherlab Co Ltd's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $1,778,248,778
- Average return on equity (ROE) among peers: 10.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cipherlab Co Ltd (6160) | NT$687.30 Million | 12.29% | 0.65x | $23.95 Million |
| Mercuries Data Systems Ltd (2427) | $3.13 Billion | 9.02% | 1.47x | $72.68 Million |
| Huxen Corp (2433) | $4.91 Billion | 10.75% | 0.72x | $43.43 Million |
| Uniform Industrial Corp (2482) | $685.71 Million | 9.80% | 0.27x | $24.47 Million |
| Gold Rain Enterprises (4503) | $496.42 Million | 7.34% | 0.23x | $51.90 Million |
| Castles Technology Co Ltd (5258) | $1.62 Billion | 18.62% | 0.85x | $117.50 Million |
| TECO Image Systems Co Ltd (5438) | $1.81 Billion | 2.74% | 0.37x | $17.26 Million |
| XAC Automation (5490) | $1.70 Billion | 18.72% | 0.28x | $63.18 Million |
| General Plastic Industrial Co Ltd (6128) | $1.18 Billion | 16.12% | 0.87x | $45.92 Million |
| Taiwan Name Plate Co. Ltd. (6593) | $473.95 Million | 3.51% | 0.88x | $25.65 Million |