Cipherlab Co Ltd (6160) - Net Assets

Latest as of December 2025: NT$645.85 Million TWD ≈ $20.35 Million USD

Based on the latest financial reports, Cipherlab Co Ltd (6160) has net assets worth NT$645.85 Million TWD (≈ $20.35 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$1.07 Billion ≈ $33.80 Million USD) and total liabilities (NT$426.98 Million ≈ $13.45 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 Cipherlab Co Ltd (6160) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	NT$645.85 Million
% of Total Assets	60.2%
Annual Growth Rate	-2.47%
5-Year Change	-17.81%
10-Year Change	-31.79%
Growth Volatility	6.29

Cipherlab Co Ltd - Net Assets Trend (2009–2025)

This chart illustrates how Cipherlab Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Cipherlab Co Ltd balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Cipherlab Co Ltd (2009–2025)

The table below shows the annual net assets of Cipherlab Co Ltd from 2009 to 2025. For live valuation and market cap data, see Cipherlab Co Ltd market capitalisation.

Year	Net Assets	Change
2025-12-31	NT$645.85 Million ≈ $20.35 Million	-11.18%
2024-12-31	NT$727.15 Million ≈ $22.91 Million	-4.27%
2023-12-31	NT$759.59 Million ≈ $23.93 Million	-5.68%
2022-12-31	NT$805.33 Million ≈ $25.37 Million	+2.48%
2021-12-31	NT$785.82 Million ≈ $24.76 Million	+4.60%
2020-12-31	NT$751.29 Million ≈ $23.67 Million	-7.85%
2019-12-31	NT$815.31 Million ≈ $25.69 Million	-7.09%
2018-12-31	NT$877.55 Million ≈ $27.65 Million	+7.10%
2017-12-31	NT$819.40 Million ≈ $25.82 Million	-13.46%
2016-12-31	NT$946.81 Million ≈ $29.83 Million	+1.08%
2015-12-31	NT$936.72 Million ≈ $29.51 Million	-2.90%
2014-12-31	NT$964.72 Million ≈ $30.39 Million	-0.41%
2013-12-31	NT$968.69 Million ≈ $30.52 Million	-1.88%
2012-12-31	NT$987.21 Million ≈ $31.10 Million	-8.97%
2011-12-31	NT$1.08 Billion ≈ $34.17 Million	+4.83%
2010-12-31	NT$1.03 Billion ≈ $32.59 Million	+7.29%
2009-12-31	NT$964.23 Million ≈ $30.38 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 168.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	NT$725.87 Million	112.56%
Total Equity	NT$644.89 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
IFCA MSC Bhd KLSE:0023	$33.88 Million
LIGHTON PA:ALTAI	$33.89 Million
Neuroone Medical Technologies Corp NASDAQ:NMTC	$33.89 Million
Chow Steel Industries Public Company Limited BK:CHOW	$33.91 Million
Gol Linhas Aéreas Inteligentes S.A NYSE:GOLLQ	$33.88 Million
POLARIS WORKS Inc KQ:123010	$33.86 Million
Inbest Prime IV Inmuebles SOCIMI S.A. MC:YINB4	$33.85 Million
Acarix A/S ST:ACARIX	$33.84 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 2024 to 2025, total equity changed from 727,412,000 to 644,893,000, a change of -82,519,000 (-11.3%).
Net loss of 81,673,000 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	NT$-81.67 Million	-12.66%
Other Changes	NT$-846.00K	-0.13%
Total Change	NT$-	-11.34%

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: 1.67x
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 1.13x to 1.67x 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$15.70	x
2010-12-31	NT$14.87	NT$15.70	x
2011-12-31	NT$15.75	NT$15.70	x
2012-12-31	NT$14.28	NT$15.70	x
2013-12-31	NT$14.02	NT$15.70	x
2014-12-31	NT$14.08	NT$15.70	x
2015-12-31	NT$13.64	NT$15.70	x
2016-12-31	NT$13.74	NT$15.70	x
2017-12-31	NT$11.95	NT$15.70	x
2018-12-31	NT$12.75	NT$15.70	x
2019-12-31	NT$11.90	NT$15.70	x
2020-12-31	NT$10.97	NT$15.70	x
2021-12-31	NT$11.42	NT$15.70	x
2022-12-31	NT$11.71	NT$15.70	x
2023-12-31	NT$11.10	NT$15.70	x
2024-12-31	NT$10.62	NT$15.70	x
2025-12-31	NT$9.42	NT$15.70	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): -12.66%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -6.85%
• Asset Turnover: 1.11x
• Equity Multiplier: 1.66x
Recent ROE (-12.66%) is below the historical average (3.44%), 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
2025	-12.66%	-6.85%	1.11x	1.66x	NT$-146.16 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: $1,983,984,556
Average return on equity (ROE) among peers: 5.05%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cipherlab Co Ltd (6160)	NT$645.85 Million	12.29%	0.66x	$33.88 Million
Globe Industries Corp (1324)	$972.29 Million	1.68%	0.28x	$24.97 Million
Mercuries Data Systems Ltd (2427)	$2.19 Billion	5.29%	1.06x	$131.62 Million
Huxen Corp (2433)	$4.91 Billion	10.75%	0.72x	$206.45 Million
Uniform Industrial Corp (2482)	$729.52 Million	-4.22%	0.56x	$41.35 Million
Gold Rain Enterprises (4503)	$683.69 Million	3.83%	0.00x	$109.55 Million
Castles Technology Co Ltd (5258)	$1.62 Billion	18.62%	0.85x	$164.50 Million
TECO Image Systems Co Ltd (5438)	$1.70 Billion	0.05%	0.40x	$67.36 Million
XAC Automation (5490)	$1.61 Billion	8.27%	0.40x	$80.27 Million
General Plastic Industrial Co Ltd (6128)	$3.43 Billion	1.21%	0.96x	$82.20 Million

About Cipherlab Co Ltd

TWO:6160 Taiwan Business Equipment & Supplies

Market Cap

$33.88 Million

NT$1.08 Billion TWD

Market Cap Rank

#23302 Global

#1469 in Taiwan

Share Price

NT$15.70

Change (1 day)

-0.95%

52-Week Range

NT$15.30 - NT$24.65

All Time High

NT$38.81