Highlight Tech (6208) - Net Assets
Based on the latest financial reports, Highlight Tech (6208) has net assets worth NT$3.16 Billion TWD (≈ $99.71 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$6.97 Billion ≈ $219.70 Million USD) and total liabilities (NT$3.81 Billion ≈ $119.98 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 6208 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.16 Billion |
| % of Total Assets | 45.39% |
| Annual Growth Rate | 10.85% |
| 5-Year Change | 32.1% |
| 10-Year Change | N/A |
| Growth Volatility | 8.79 |
Highlight Tech - Net Assets Trend (2017–2025)
This chart illustrates how Highlight Tech's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 6208 market cap overview.
Annual Net Assets for Highlight Tech (2017–2025)
The table below shows the annual net assets of Highlight Tech from 2017 to 2025. Also explore Highlight Tech equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.97 Billion ≈ $125.01 Million |
+0.85% |
| 2024-12-31 | NT$3.93 Billion ≈ $123.95 Million |
+10.28% |
| 2023-12-31 | NT$3.57 Billion ≈ $112.39 Million |
+6.29% |
| 2022-12-31 | NT$3.36 Billion ≈ $105.75 Million |
+11.75% |
| 2021-12-31 | NT$3.00 Billion ≈ $94.63 Million |
+11.10% |
| 2020-12-31 | NT$2.70 Billion ≈ $85.18 Million |
+31.58% |
| 2019-12-31 | NT$2.05 Billion ≈ $64.73 Million |
+3.35% |
| 2018-12-31 | NT$1.99 Billion ≈ $62.63 Million |
+14.23% |
| 2017-12-31 | NT$1.74 Billion ≈ $54.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Highlight Tech'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 159.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.40 Billion | 45.08% |
| Other Components | NT$1.70 Billion | 54.92% |
| Total Equity | NT$3.10 Billion | 100.00% |
Highlight Tech Competitors by Market Cap
The table below lists competitors of Highlight Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aprogen Pharmaceuticals Inc
KO:003060
|
$219.05 Million |
|
Young Fast Optoelectronics Co Ltd
TW:3622
|
$219.07 Million |
|
CyberTAN Technology Inc
TW:3062
|
$219.14 Million |
|
Zentalis Pharmaceuticals Llc
NASDAQ:ZNTL
|
$219.25 Million |
|
Rani Zim Shopping Centers
TA:RANI
|
$218.99 Million |
|
EMS Limited
NSE:EMSLIMITED
|
$218.90 Million |
|
Montana Technologies Corporation
NASDAQ:AIRJ
|
$218.85 Million |
|
SIGA Technologies Inc
NASDAQ:SIGA
|
$218.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Highlight Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,088,025,000 to 3,102,044,000, a change of 14,019,000 (0.5%).
- Net income of 238,237,000 contributed positively to equity growth.
- Dividend payments of 243,421,000 reduced retained earnings.
- Share repurchases of 43,569,000 reduced equity.
- New share issuances of 29,577,000 increased equity.
- Other factors increased equity by 33,195,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$238.24 Million | +7.68% |
| Dividends Paid | NT$243.42 Million | -7.85% |
| Share Repurchases | NT$43.57 Million | -1.4% |
| Share Issuances | NT$29.58 Million | +0.95% |
| Other Changes | NT$33.20 Million | +1.07% |
| Total Change | NT$- | 0.45% |
Book Value vs Market Value Analysis
This analysis compares Highlight Tech'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: 2.24x
- 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 4.21x to 2.24x 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$17.47 | NT$73.60 | x |
| 2018-12-31 | NT$18.10 | NT$73.60 | x |
| 2019-12-31 | NT$18.68 | NT$73.60 | x |
| 2020-12-31 | NT$21.51 | NT$73.60 | x |
| 2021-12-31 | NT$21.82 | NT$73.60 | x |
| 2022-12-31 | NT$23.99 | NT$73.60 | x |
| 2023-12-31 | NT$24.37 | NT$73.60 | x |
| 2024-12-31 | NT$32.66 | NT$73.60 | x |
| 2025-12-31 | NT$32.84 | NT$73.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Highlight Tech 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): 7.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.35%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.52x
- Recent ROE (7.68%) is below the historical average (12.09%), 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 | 10.39% | 10.69% | 0.71x | 1.36x | NT$6.73 Million |
| 2018 | 11.56% | 9.32% | 0.76x | 1.64x | NT$28.17 Million |
| 2019 | 12.26% | 9.62% | 0.76x | 1.67x | NT$41.99 Million |
| 2020 | 12.18% | 11.47% | 0.51x | 2.07x | NT$52.62 Million |
| 2021 | 14.86% | 11.74% | 0.57x | 2.22x | NT$126.99 Million |
| 2022 | 17.21% | 12.67% | 0.58x | 2.36x | NT$207.30 Million |
| 2023 | 12.24% | 8.49% | 0.58x | 2.49x | NT$65.23 Million |
| 2024 | 10.47% | 8.22% | 0.49x | 2.58x | NT$14.52 Million |
| 2025 | 7.68% | 6.35% | 0.48x | 2.52x | NT$-71.97 Million |
Industry Comparison
This section compares Highlight Tech's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $7,651,207,200
- Average return on equity (ROE) among peers: 10.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Highlight Tech (6208) | NT$3.16 Billion | 10.39% | 1.20x | $219.04 Million |
| TECO Electric & Machinery Co Ltd (1504) | $32.83 Billion | 5.57% | 0.93x | $5.24 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $6.33 Billion | 15.11% | 1.20x | $2.57 Billion |
| Anderson Industrial Corp (1528) | $2.12 Billion | 4.26% | 0.94x | $145.27 Million |
| Awea Mechantronic Co Ltd (1530) | $2.80 Billion | 9.81% | 1.44x | $81.06 Million |
| Kaulin Mfg (1531) | $2.50 Billion | 14.50% | 0.60x | $67.41 Million |
| Chiu Ting Machinery Co Ltd (1539) | $1.60 Billion | 0.85% | 0.35x | $32.03 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.44 Billion | 8.02% | 0.15x | $52.51 Million |
| Sinmag Equipment (1580) | $3.37 Billion | 18.47% | 0.35x | $150.32 Million |
| Goodway Machine Corp (1583) | $5.33 Billion | 11.67% | 1.48x | $159.58 Million |
| Airtac International Group (1590) | $18.19 Billion | 14.99% | 1.20x | $7.84 Billion |
About Highlight Tech
Highlight Tech Corp. designs, manufactures, sells, retails, wholesales, repairs, and maintains electronic components in Taiwan, Japan, and China. It offers cylindrical, box, D shape, spherical, polygon, bell jar, large, and aluminum vacuum chambers, as well as vacuum modules and systems; vacuum chamber kits; ultra-high vacuum chambers; and vacuum poppet, aluminum alloy angle, vacuum gate, vacuum … Read more