Hwacom Systems
HwaCom Systems Inc. provides digital media, smart applications, cybersecurity, and information and communication technology solutions in Taiwan and internationally. The company offers network management, intelligent transportation, telecommunication digital application service, AIoT innovative application services, smart street light solutions, AI cyber security defense, and ISMS and PIMS solutio… Read more
Hwacom Systems (6163) - Net Assets
Latest net assets as of September 2025: NT$2.66 Billion TWD
Based on the latest financial reports, Hwacom Systems (6163) has net assets worth NT$2.66 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$6.19 Billion) and total liabilities (NT$3.53 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$2.66 Billion |
| % of Total Assets | 42.96% |
| Annual Growth Rate | 8.15% |
| 5-Year Change | 39.49% |
| 10-Year Change | N/A |
| Growth Volatility | 7.1 |
Hwacom Systems - Net Assets Trend (2017–2024)
This chart illustrates how Hwacom Systems's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hwacom Systems (2017–2024)
The table below shows the annual net assets of Hwacom Systems from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.54 Billion | +5.23% |
| 2023-12-31 | NT$2.41 Billion | +6.54% |
| 2022-12-31 | NT$2.26 Billion | +4.78% |
| 2021-12-31 | NT$2.16 Billion | +18.75% |
| 2020-12-31 | NT$1.82 Billion | +1.47% |
| 2019-12-31 | NT$1.79 Billion | +19.83% |
| 2018-12-31 | NT$1.50 Billion | +2.02% |
| 2017-12-31 | NT$1.47 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hwacom 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 grown by 151.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$501.19 Million | 19.74% |
| Other Components | NT$2.04 Billion | 80.26% |
| Total Equity | NT$2.54 Billion | 100.00% |
Hwacom Systems Competitors by Market Cap
The table below lists competitors of Hwacom Systems ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Holsin Engineering Consulting
SHG:603909
|
$174.71 Million |
|
Keystone Technology Co Ltd
SHG:605588
|
$174.73 Million |
|
SD Biosensor Inc
KO:137310
|
$174.83 Million |
|
Equasens S. A.
PA:EQS
|
$174.86 Million |
|
UTI Inc
KQ:179900
|
$174.63 Million |
|
Alvarium Tiedemann Holdings Inc.
NASDAQ:ALTI
|
$174.61 Million |
|
ZH.JIN.ENV.HLDG DL-00001
F:3UG
|
$174.60 Million |
|
XiAn Catering Co Ltd
SHE:000721
|
$174.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hwacom Systems's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,412,948,000 to 2,539,078,000, a change of 126,130,000 (5.2%).
- Net income of 130,580,000 contributed positively to equity growth.
- Dividend payments of 42,027,000 reduced retained earnings.
- New share issuances of 11,526,000 increased equity.
- Other factors increased equity by 26,051,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$130.58 Million | +5.14% |
| Dividends Paid | NT$42.03 Million | -1.66% |
| Share Issuances | NT$11.53 Million | +0.45% |
| Other Changes | NT$26.05 Million | +1.03% |
| Total Change | NT$- | 5.23% |
Book Value vs Market Value Analysis
This analysis compares Hwacom 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: 3.01x
- 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 3.81x to 3.01x 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$14.18 | NT$54.10 | x |
| 2018-12-31 | NT$14.47 | NT$54.10 | x |
| 2019-12-31 | NT$14.60 | NT$54.10 | x |
| 2020-12-31 | NT$15.15 | NT$54.10 | x |
| 2021-12-31 | NT$15.66 | NT$54.10 | x |
| 2022-12-31 | NT$16.30 | NT$54.10 | x |
| 2023-12-31 | NT$17.13 | NT$54.10 | x |
| 2024-12-31 | NT$18.00 | NT$54.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hwacom Systems utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.14%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.37%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 2.42x
- Recent ROE (5.14%) is below the historical average (5.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 7.97% | 2.99% | 1.04x | 2.57x | NT$-29.76 Million |
| 2018 | 6.92% | 2.39% | 1.23x | 2.37x | NT$-46.04 Million |
| 2019 | 4.63% | 1.83% | 1.04x | 2.44x | NT$-96.39 Million |
| 2020 | 0.14% | 0.06% | 0.96x | 2.56x | NT$-179.48 Million |
| 2021 | 7.94% | 2.77% | 1.12x | 2.57x | NT$-44.63 Million |
| 2022 | 6.10% | 2.27% | 1.14x | 2.35x | NT$-88.39 Million |
| 2023 | 2.39% | 1.10% | 1.01x | 2.15x | NT$-183.67 Million |
| 2024 | 5.14% | 2.37% | 0.90x | 2.42x | NT$-123.33 Million |
Industry Comparison
This section compares Hwacom Systems's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $14,154,106,667
- Average return on equity (ROE) among peers: 16.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hwacom Systems (6163) | NT$2.66 Billion | 7.97% | 1.33x | $174.66 Million |
| Far EasTone Telecommunications Co Ltd (4904) | $38.05 Billion | 20.47% | 0.60x | $6.10 Billion |
| Welldone Co (6170) | $1.54 Billion | 10.49% | 1.07x | $77.67 Million |
| Chief Telecom Inc (6561) | $2.87 Billion | 18.92% | 0.63x | $322.86 Million |