Wafer Works
Wafer Works Corporation engages in the research, design, development, manufacturing, trading, and distribution of semiconductor materials in Taiwan, Mainland China, Asia, Europe, and Internationally. The company offers polished silicon and epitaxial wafers, as well as silicon-on-insulator and customized wafers, such as GaN epitaxial, double-sided, epitaxial, lapped, etched, ultra-thick, and ultra… Read more
Wafer Works (6182) - Net Assets
Latest net assets as of September 2025: NT$24.51 Billion TWD
Based on the latest financial reports, Wafer Works (6182) has net assets worth NT$24.51 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$35.11 Billion) and total liabilities (NT$10.61 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$24.51 Billion |
| % of Total Assets | 69.79% |
| Annual Growth Rate | 14.03% |
| 5-Year Change | 96.83% |
| 10-Year Change | 290.61% |
| Growth Volatility | 31.65 |
Wafer Works - Net Assets Trend (2002–2024)
This chart illustrates how Wafer Works's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wafer Works (2002–2024)
The table below shows the annual net assets of Wafer Works from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$25.69 Billion | +41.46% |
| 2023-12-31 | NT$18.16 Billion | -2.96% |
| 2022-12-31 | NT$18.72 Billion | +12.20% |
| 2021-12-31 | NT$16.68 Billion | +27.79% |
| 2020-12-31 | NT$13.05 Billion | +0.58% |
| 2019-12-31 | NT$12.98 Billion | +1.09% |
| 2018-12-31 | NT$12.84 Billion | +30.48% |
| 2017-12-31 | NT$9.84 Billion | +89.20% |
| 2016-12-31 | NT$5.20 Billion | -20.94% |
| 2015-12-31 | NT$6.58 Billion | -0.48% |
| 2014-12-31 | NT$6.61 Billion | -3.24% |
| 2013-12-31 | NT$6.83 Billion | -1.00% |
| 2012-12-31 | NT$6.90 Billion | -14.77% |
| 2011-12-31 | NT$8.10 Billion | -44.30% |
| 2010-12-31 | NT$14.53 Billion | +12.66% |
| 2009-12-31 | NT$12.90 Billion | +9.32% |
| 2008-12-31 | NT$11.80 Billion | +55.04% |
| 2007-12-31 | NT$7.61 Billion | +61.25% |
| 2006-12-31 | NT$4.72 Billion | +70.01% |
| 2005-12-31 | NT$2.78 Billion | +54.53% |
| 2004-12-31 | NT$1.80 Billion | +8.60% |
| 2003-12-31 | NT$1.65 Billion | +15.74% |
| 2002-12-31 | NT$1.43 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wafer Works'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 137699200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.38 Billion | 9.11% |
| Other Components | NT$13.74 Billion | 90.89% |
| Total Equity | NT$15.12 Billion | 100.00% |
Wafer Works Competitors by Market Cap
The table below lists competitors of Wafer Works ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intellian Technologies Inc
KQ:189300
|
$524.59 Million |
|
Irish Residential Properties REIT Plc
PINK:RSHPF
|
$524.65 Million |
|
Trulieve Cannabis Corp
OTCQX:TCNNF
|
$524.69 Million |
|
Opthea Ltd
NASDAQ:OPT
|
$524.82 Million |
|
VP Bank AG
SW:VPBN
|
$524.54 Million |
|
Bit Digital Inc
NASDAQ:BTBT
|
$524.35 Million |
|
Beijing SL Pharmaceutical Co Ltd
SHE:002038
|
$524.29 Million |
|
Green Dot Corporation
NYSE:GDOT
|
$524.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wafer Works's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,996,113,000 to 15,118,879,000, a change of 3,122,766,000 (26.0%).
- Net income of 4,033,000 contributed positively to equity growth.
- Dividend payments of 352,783,000 reduced retained earnings.
- New share issuances of 789,908,000 increased equity.
- Other comprehensive income decreased equity by 627,658,999.
- Other factors increased equity by 3,309,266,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.03 Million | +0.03% |
| Dividends Paid | NT$352.78 Million | -2.33% |
| Share Issuances | NT$789.91 Million | +5.22% |
| Other Comprehensive Income | NT$-627.66 Million | -4.15% |
| Other Changes | NT$3.31 Billion | +21.89% |
| Total Change | NT$- | 26.03% |
Book Value vs Market Value Analysis
This analysis compares Wafer Works'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: 1.21x
- 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 2.04x to 1.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$15.69 | NT$31.95 | x |
| 2007-12-31 | NT$18.22 | NT$31.95 | x |
| 2008-12-31 | NT$23.00 | NT$31.95 | x |
| 2009-12-31 | NT$25.95 | NT$31.95 | x |
| 2010-12-31 | NT$25.88 | NT$31.95 | x |
| 2011-12-31 | NT$24.39 | NT$31.95 | x |
| 2012-12-31 | NT$20.61 | NT$31.95 | x |
| 2013-12-31 | NT$19.50 | NT$31.95 | x |
| 2014-12-31 | NT$17.26 | NT$31.95 | x |
| 2015-12-31 | NT$15.38 | NT$31.95 | x |
| 2016-12-31 | NT$10.83 | NT$31.95 | x |
| 2017-12-31 | NT$13.79 | NT$31.95 | x |
| 2018-12-31 | NT$18.44 | NT$31.95 | x |
| 2019-12-31 | NT$17.94 | NT$31.95 | x |
| 2020-12-31 | NT$17.60 | NT$31.95 | x |
| 2021-12-31 | NT$21.93 | NT$31.95 | x |
| 2022-12-31 | NT$23.48 | NT$31.95 | x |
| 2023-12-31 | NT$21.91 | NT$31.95 | x |
| 2024-12-31 | NT$26.37 | NT$31.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wafer Works 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): 0.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.05%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 2.28x
- Recent ROE (0.03%) is below the historical average (6.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 13.94% | 13.30% | 0.63x | 1.67x | NT$65.18 Million |
| 2004 | 15.05% | 12.47% | 0.59x | 2.05x | NT$90.77 Million |
| 2005 | 13.35% | 10.56% | 0.61x | 2.06x | NT$75.97 Million |
| 2006 | 20.79% | 17.45% | 0.67x | 1.78x | NT$429.77 Million |
| 2007 | 26.02% | 15.21% | 0.71x | 2.40x | NT$817.77 Million |
| 2008 | 16.30% | 9.57% | 0.57x | 2.96x | NT$418.49 Million |
| 2009 | -3.42% | -3.89% | 0.30x | 2.90x | NT$-970.07 Million |
| 2010 | 8.71% | 4.53% | 0.57x | 3.37x | NT$-99.59 Million |
| 2011 | 1.15% | 1.27% | 0.36x | 2.51x | NT$-639.29 Million |
| 2012 | -10.84% | -14.46% | 0.26x | 2.87x | NT$-1.28 Billion |
| 2013 | -6.81% | -7.82% | 0.31x | 2.77x | NT$-1.05 Billion |
| 2014 | -12.23% | -12.91% | 0.36x | 2.66x | NT$-1.35 Billion |
| 2015 | 0.46% | 0.51% | 0.34x | 2.60x | NT$-571.28 Million |
| 2016 | -32.21% | -27.55% | 0.42x | 2.81x | NT$-1.95 Billion |
| 2017 | 4.50% | 4.72% | 0.40x | 2.40x | NT$-367.50 Million |
| 2018 | 20.31% | 20.74% | 0.47x | 2.07x | NT$969.17 Million |
| 2019 | 13.28% | 16.05% | 0.34x | 2.40x | NT$304.10 Million |
| 2020 | 5.71% | 6.99% | 0.32x | 2.59x | NT$-389.83 Million |
| 2021 | 13.45% | 14.91% | 0.38x | 2.39x | NT$395.47 Million |
| 2022 | 23.28% | 23.69% | 0.44x | 2.23x | NT$1.71 Billion |
| 2023 | 9.24% | 11.03% | 0.38x | 2.20x | NT$-91.34 Million |
| 2024 | 0.03% | 0.05% | 0.25x | 2.28x | NT$-1.51 Billion |
Industry Comparison
This section compares Wafer Works's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,963,876,800
- Average return on equity (ROE) among peers: 4.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wafer Works (6182) | NT$24.51 Billion | 13.94% | 0.43x | $524.54 Million |
| Rectron Ltd (2302) | $1.74 Billion | 6.07% | 0.23x | $39.77 Million |
| Taiwan Mask Corp (2338) | $3.62 Billion | -1.02% | 0.09x | $217.60 Million |
| Lingsen Precision Industries Ltd (2369) | $5.31 Billion | -10.40% | 0.55x | $285.76 Million |
| Greatek Electronics Inc (2441) | $9.68 Billion | 16.62% | 0.10x | $727.39 Million |
| Visual Photonics Epitaxy Co Ltd (2455) | $919.04 Million | 0.00% | 0.65x | $1.13 Billion |
| Pan Jit International Inc (2481) | $7.85 Billion | 5.85% | 1.65x | $824.61 Million |
| Ampoc Far-East Co Ltd (2493) | $2.16 Billion | 18.34% | 0.50x | $265.52 Million |
| Episil-Precision Inc (3016) | $1.06 Billion | 1.57% | 0.14x | $187.04 Million |
| Zenitron Corp (3028) | $4.03 Billion | 10.78% | 1.64x | $312.17 Million |
| ALi Corp (3041) | $3.27 Billion | 0.43% | 0.15x | $98.65 Million |