Hwacom Systems (6163) - Net Assets
Based on the latest financial reports, Hwacom Systems (6163) has net assets worth NT$2.79 Billion TWD (≈ $87.99 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$6.85 Billion ≈ $215.96 Million USD) and total liabilities (NT$4.06 Billion ≈ $127.97 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. Also explore balance sheet size of Hwacom Systems for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.79 Billion |
| % of Total Assets | 40.74% |
| Annual Growth Rate | 8.38% |
| 5-Year Change | 29.2% |
| 10-Year Change | N/A |
| Growth Volatility | 6.67 |
Hwacom Systems - Net Assets Trend (2017–2025)
This chart illustrates how Hwacom Systems's net assets have evolved over time, based on quarterly financial data. Check 6163 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Hwacom Systems (2017–2025)
The table below shows the annual net assets of Hwacom Systems from 2017 to 2025. For live valuation and market cap data, see 6163 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.79 Billion ≈ $87.99 Million |
+10.00% |
| 2024-12-31 | NT$2.54 Billion ≈ $79.99 Million |
+5.23% |
| 2023-12-31 | NT$2.41 Billion ≈ $76.02 Million |
+6.54% |
| 2022-12-31 | NT$2.26 Billion ≈ $71.36 Million |
+4.78% |
| 2021-12-31 | NT$2.16 Billion ≈ $68.10 Million |
+18.75% |
| 2020-12-31 | NT$1.82 Billion ≈ $57.35 Million |
+1.47% |
| 2019-12-31 | NT$1.79 Billion ≈ $56.52 Million |
+19.83% |
| 2018-12-31 | NT$1.50 Billion ≈ $47.17 Million |
+2.02% |
| 2017-12-31 | NT$1.47 Billion ≈ $46.23 Million |
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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 270.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$739.64 Million | 26.51% |
| Other Components | NT$2.05 Billion | 73.49% |
| Total Equity | NT$2.79 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 |
|---|---|
|
Tailwind 2.0 Acquisition Corp. Class A Ordinary Shares
NASDAQ:TDWD
|
$178.66 Million |
|
Pro-Hawk
TWO:8083
|
$178.76 Million |
|
Vina San Pedro
SN:VSPT
|
$178.80 Million |
|
Modiv Inc
NYSE:MDV
|
$178.81 Million |
|
SICHUAN ENG.INV.DEV.H YC1
F:84H
|
$178.59 Million |
|
ReposiTrak
NASDAQ:TRAK
|
$178.58 Million |
|
China Ecotek Corp
TW:1535
|
$178.56 Million |
|
Falcon Oil & Gas Ltd
F:FAC
|
$178.51 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 2024 to 2025, total equity changed from 2,539,078,000 to 2,790,079,000, a change of 251,001,000 (9.9%).
- Net income of 105,354,000 contributed positively to equity growth.
- Dividend payments of 63,914,000 reduced retained earnings.
- Other factors increased equity by 209,561,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$105.35 Million | +3.78% |
| Dividends Paid | NT$63.91 Million | -2.29% |
| Other Changes | NT$209.56 Million | +7.51% |
| Total Change | NT$- | 9.89% |
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: 1.96x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.71x to 1.96x 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$38.50 | x |
| 2018-12-31 | NT$14.47 | NT$38.50 | x |
| 2019-12-31 | NT$14.60 | NT$38.50 | x |
| 2020-12-31 | NT$15.15 | NT$38.50 | x |
| 2021-12-31 | NT$15.66 | NT$38.50 | x |
| 2022-12-31 | NT$16.30 | NT$38.50 | x |
| 2023-12-31 | NT$17.13 | NT$38.50 | x |
| 2024-12-31 | NT$18.00 | NT$38.50 | x |
| 2025-12-31 | NT$19.65 | NT$38.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hwacom Systems utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.73%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 2.46x
- Recent ROE (3.78%) is below the historical average (5.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 7.97% | 2.99% | 1.04x | 2.57x | NT$-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$-123.33 Million |
| 2025 | 3.78% | 1.73% | 0.89x | 2.46x | NT$-173.65 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: $111,673,808,750
- Average return on equity (ROE) among peers: 12.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hwacom Systems (6163) | NT$2.79 Billion | 7.97% | 1.45x | $178.64 Million |
| Chunghwa Telecom Co (2412) | $368.60 Billion | 12.92% | 0.23x | $34.09 Billion |
| Far EasTone Telecommunications Co Ltd (4904) | $73.53 Billion | 15.62% | 0.68x | $11.93 Billion |
| Welldone Co (6170) | $1.47 Billion | 0.12% | 0.89x | $142.18 Million |
| Chief Telecom Inc (6561) | $3.09 Billion | 22.20% | 0.78x | $801.33 Million |
About Hwacom Systems
HwaCom Systems Inc. provides digital media, smart applications, cybersecurity, and information and communication technology solutions in Taiwan and internationally. The company offers cloud computing and data center solutions; VMware cloud foundation; network management solutions; broadband integration solutionsl private 5G network and smart applications solutions; telecommunication digital value… Read more