Welldone Co (6170) - Net Assets
Based on the latest financial reports, Welldone Co (6170) has net assets worth NT$1.97 Billion TWD (≈ $62.08 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.32 Billion ≈ $167.49 Million USD) and total liabilities (NT$3.35 Billion ≈ $105.41 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 how strategically is Welldone Co's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.97 Billion |
| % of Total Assets | 37.07% |
| Annual Growth Rate | 4.86% |
| 5-Year Change | 38.8% |
| 10-Year Change | N/A |
| Growth Volatility | 13.49 |
Welldone Co - Net Assets Trend (2017–2025)
This chart illustrates how Welldone Co's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Welldone Co market capitalisation.
Annual Net Assets for Welldone Co (2017–2025)
The table below shows the annual net assets of Welldone Co from 2017 to 2025. Also explore Welldone Co (6170) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.14 Billion ≈ $67.56 Million |
+9.38% |
| 2024-12-31 | NT$1.96 Billion ≈ $61.77 Million |
+0.47% |
| 2023-12-31 | NT$1.95 Billion ≈ $61.48 Million |
+38.58% |
| 2022-12-31 | NT$1.41 Billion ≈ $44.36 Million |
-8.86% |
| 2021-12-31 | NT$1.54 Billion ≈ $48.68 Million |
+0.97% |
| 2020-12-31 | NT$1.53 Billion ≈ $48.21 Million |
+5.96% |
| 2019-12-31 | NT$1.44 Billion ≈ $45.50 Million |
+2.00% |
| 2018-12-31 | NT$1.42 Billion ≈ $44.60 Million |
-3.52% |
| 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 Welldone Co'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 276.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$468.69 Million | 22.00% |
| Other Components | NT$1.66 Billion | 78.00% |
| Total Equity | NT$2.13 Billion | 100.00% |
Welldone Co Competitors by Market Cap
The table below lists competitors of Welldone Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nnit AS
CO:NNIT
|
$147.87 Million |
|
Eastern Communications Co Ltd B
SHG:900941
|
$147.90 Million |
|
Repro Med Systems Inc
NASDAQ:KRMD
|
$147.90 Million |
|
LONCOR GOLD INC.
F:LO5
|
$147.91 Million |
|
Areeya Property Public Company Limited
BK:A
|
$147.84 Million |
|
HMCIB SPAC 3
KQ:226340
|
$147.84 Million |
|
GEVORKYAN as
PR:GEV
|
$147.81 Million |
|
IZMO Limited
NSE:IZMO
|
$147.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Welldone Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,946,892,000 to 2,130,292,000, a change of 183,400,000 (9.4%).
- Net income of 437,168,000 contributed positively to equity growth.
- Dividend payments of 302,479,000 reduced retained earnings.
- Other factors increased equity by 48,711,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$437.17 Million | +20.52% |
| Dividends Paid | NT$302.48 Million | -14.2% |
| Other Changes | NT$48.71 Million | +2.29% |
| Total Change | NT$- | 9.42% |
Book Value vs Market Value Analysis
This analysis compares Welldone Co'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: 2.20x
- 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 3.80x to 2.20x 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$12.68 | NT$48.25 | x |
| 2018-12-31 | NT$12.42 | NT$48.25 | x |
| 2019-12-31 | NT$13.28 | NT$48.25 | x |
| 2020-12-31 | NT$13.88 | NT$48.25 | x |
| 2021-12-31 | NT$14.66 | NT$48.25 | x |
| 2022-12-31 | NT$15.61 | NT$48.25 | x |
| 2023-12-31 | NT$20.26 | NT$48.25 | x |
| 2024-12-31 | NT$20.02 | NT$48.25 | x |
| 2025-12-31 | NT$21.90 | NT$48.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Welldone Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.72%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.05x
- Recent ROE (20.52%) is above the historical average (11.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.15% | 0.06% | 1.11x | 2.44x | NT$-112.00 Million |
| 2018 | 0.20% | 0.07% | 1.26x | 2.26x | NT$-109.16 Million |
| 2019 | 7.38% | 2.22% | 1.23x | 2.69x | NT$-30.37 Million |
| 2020 | 11.42% | 3.99% | 1.16x | 2.47x | NT$17.71 Million |
| 2021 | 12.41% | 5.45% | 0.93x | 2.45x | NT$31.52 Million |
| 2022 | 17.03% | 9.64% | 0.78x | 2.27x | NT$98.24 Million |
| 2023 | 13.20% | 11.02% | 0.55x | 2.18x | NT$60.45 Million |
| 2024 | 16.96% | 11.36% | 0.65x | 2.30x | NT$135.43 Million |
| 2025 | 20.52% | 13.72% | 0.73x | 2.05x | NT$224.14 Million |
Industry Comparison
This section compares Welldone Co's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $115,369,981,250
- Average return on equity (ROE) among peers: 12.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Welldone Co (6170) | NT$1.97 Billion | 0.15% | 1.70x | $147.85 Million |
| Chunghwa Telecom Co (2412) | $389.26 Billion | 8.59% | 0.30x | $35.44 Billion |
| Far EasTone Telecommunications Co Ltd (4904) | $66.10 Billion | 13.80% | 1.66x | $12.11 Billion |
| Hwacom Systems (6163) | $2.79 Billion | 3.77% | 1.45x | $192.80 Million |
| Chief Telecom Inc (6561) | $3.33 Billion | 25.15% | 0.73x | $767.39 Million |
About Welldone Co
Welldone Company, together with its subsidiaries, engages in telecommunication, IC, and other access businesses in Taiwan. It sells prepaid mobile SIM cards, trading of internet game point cards, micro payment services, and foreign migrant worker remittance services. The company also engages in the mobile phone top-up services; international human resources business services project, including hu… Read more