Cipherlab Co Ltd (6160) - Net Assets
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) tangible net worth to evaluate the tangible quality of the company's equity base.
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. See how many days can Cipherlab Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
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 |
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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 |
|---|---|
|
Biohit Oyj B
HE:BIOBV
|
$35.72 Million |
|
Shanghai Guijiu Co Ltd
SHG:600696
|
$35.73 Million |
|
Nexam Chemical Holding AB
ST:NEXAM
|
$35.74 Million |
|
Templeton Emerging Markets Investment Trust TEMIT
LSE:TEM
|
$35.76 Million |
|
Milux Corporation Bhd
KLSE:7935
|
$35.70 Million |
|
Change Financial Ltd
AU:CCA
|
$35.66 Million |
|
Excelsior Biopharma
TWO:6496
|
$35.66 Million |
|
Simonds Group Ltd
AU:SIO
|
$35.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cipherlab Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 727,412,000 to 644,893,000, a change of -82,519,000 (-11.3%).
- Net loss of 81,673,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-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: 1.76x
- 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 1.19x to 1.76x 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$16.55 | x |
| 2010-12-31 | NT$14.87 | NT$16.55 | x |
| 2011-12-31 | NT$15.75 | NT$16.55 | x |
| 2012-12-31 | NT$14.28 | NT$16.55 | x |
| 2013-12-31 | NT$14.02 | NT$16.55 | x |
| 2014-12-31 | NT$14.08 | NT$16.55 | x |
| 2015-12-31 | NT$13.64 | NT$16.55 | x |
| 2016-12-31 | NT$13.74 | NT$16.55 | x |
| 2017-12-31 | NT$11.95 | NT$16.55 | x |
| 2018-12-31 | NT$12.75 | NT$16.55 | x |
| 2019-12-31 | NT$11.90 | NT$16.55 | x |
| 2020-12-31 | NT$10.97 | NT$16.55 | x |
| 2021-12-31 | NT$11.42 | NT$16.55 | x |
| 2022-12-31 | NT$11.71 | NT$16.55 | x |
| 2023-12-31 | NT$11.10 | NT$16.55 | x |
| 2024-12-31 | NT$10.62 | NT$16.55 | x |
| 2025-12-31 | NT$9.42 | NT$16.55 | 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: $1,588,124,556
- Average return on equity (ROE) among peers: 4.43%
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 | $35.71 Million |
| Globe Industries Corp (1324) | $1.02 Billion | 4.27% | 0.35x | $24.97 Million |
| Mercuries Data Systems Ltd (2427) | $2.29 Billion | 6.53% | 1.00x | $137.55 Million |
| Huxen Corp (2433) | $1.99 Billion | 6.88% | 0.62x | $200.53 Million |
| Uniform Industrial Corp (2482) | $1.09 Billion | -7.77% | 0.21x | $41.35 Million |
| Gold Rain Enterprises (4503) | $444.39 Million | -7.47% | 0.57x | $93.26 Million |
| Castles Technology Co Ltd (5258) | $1.69 Billion | 13.22% | 1.72x | $170.03 Million |
| TECO Image Systems Co Ltd (5438) | $3.21 Billion | 2.71% | 0.19x | $67.36 Million |
| XAC Automation (5490) | $1.23 Billion | 2.66% | 0.59x | $85.40 Million |
| General Plastic Industrial Co Ltd (6128) | $1.34 Billion | 18.81% | 0.23x | $84.21 Million |
About 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