MPI Corporation
MPI Corporation, together with its subsidiaries, manufactures, processes, maintains, imports/exports, and trades in semi-conductor production process and testing equipment in Taiwan, China, Singapore, Korea, the United States, and internationally. It offers probe cards comprising cantilever, FCB, EVS, kestrel, and osprey probe cards. The company also provides point test, photoelectric measurement… Read more
MPI Corporation (6223) - Net Assets
Latest net assets as of September 2025: NT$10.90 Billion TWD
Based on the latest financial reports, MPI Corporation (6223) has net assets worth NT$10.90 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$20.76 Billion) and total liabilities (NT$9.85 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$10.90 Billion |
| % of Total Assets | 52.54% |
| Annual Growth Rate | 10.58% |
| 5-Year Change | 64.76% |
| 10-Year Change | 155.09% |
| Growth Volatility | 13.67 |
MPI Corporation - Net Assets Trend (2006–2024)
This chart illustrates how MPI Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MPI Corporation (2006–2024)
The table below shows the annual net assets of MPI Corporation from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$9.31 Billion | +22.13% |
| 2023-12-31 | NT$7.62 Billion | +10.54% |
| 2022-12-31 | NT$6.89 Billion | +13.99% |
| 2021-12-31 | NT$6.05 Billion | +7.06% |
| 2020-12-31 | NT$5.65 Billion | +28.98% |
| 2019-12-31 | NT$4.38 Billion | +6.39% |
| 2018-12-31 | NT$4.12 Billion | +8.77% |
| 2017-12-31 | NT$3.78 Billion | -4.42% |
| 2016-12-31 | NT$3.96 Billion | +8.53% |
| 2015-12-31 | NT$3.65 Billion | -2.52% |
| 2014-12-31 | NT$3.74 Billion | +21.81% |
| 2013-12-31 | NT$3.07 Billion | +1.59% |
| 2012-12-31 | NT$3.02 Billion | -2.74% |
| 2011-12-31 | NT$3.11 Billion | +3.11% |
| 2010-12-31 | NT$3.02 Billion | +52.23% |
| 2009-12-31 | NT$1.98 Billion | +2.72% |
| 2008-12-31 | NT$1.93 Billion | +2.80% |
| 2007-12-31 | NT$1.88 Billion | +23.18% |
| 2006-12-31 | NT$1.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MPI Corporation'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 736.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.50 Billion | 59.14% |
| Other Components | NT$3.80 Billion | 40.86% |
| Total Equity | NT$9.30 Billion | 100.00% |
MPI Corporation Competitors by Market Cap
The table below lists competitors of MPI Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SKF AB Series A
LSE:0NWW
|
$9.08 Billion |
|
American Homes 4 Rent
NYSE:AMH
|
$9.09 Billion |
|
On Holding Ltd
NYSE:ONON
|
$9.10 Billion |
|
Bank of Hangzhou Co Ltd
SHG:600926
|
$9.10 Billion |
|
CP ALL Public Company Limited
PINK:CVPBF
|
$9.06 Billion |
|
Texas Pacific Land Corporation
F:9WY
|
$9.06 Billion |
|
BioNTech SE
NASDAQ:BNTX
|
$9.05 Billion |
|
Mitsui O.S.K. Lines Ltd
F:MILA
|
$9.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MPI Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,614,495,000 to 9,302,730,000, a change of 1,688,235,000 (22.2%).
- Net income of 2,301,359,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 2,427,753,000.
- Other factors increased equity by 1,814,629,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.30 Billion | +24.74% |
| Other Comprehensive Income | NT$-2.43 Billion | -26.1% |
| Other Changes | NT$1.81 Billion | +19.51% |
| Total Change | NT$- | 22.17% |
Book Value vs Market Value Analysis
This analysis compares MPI Corporation'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: 35.96x
- 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 166.59x to 35.96x 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$21.31 | NT$3550.00 | x |
| 2007-12-31 | NT$25.76 | NT$3550.00 | x |
| 2008-12-31 | NT$25.50 | NT$3550.00 | x |
| 2009-12-31 | NT$27.20 | NT$3550.00 | x |
| 2010-12-31 | NT$38.25 | NT$3550.00 | x |
| 2011-12-31 | NT$38.98 | NT$3550.00 | x |
| 2012-12-31 | NT$38.99 | NT$3550.00 | x |
| 2013-12-31 | NT$39.64 | NT$3550.00 | x |
| 2014-12-31 | NT$43.98 | NT$3550.00 | x |
| 2015-12-31 | NT$42.08 | NT$3550.00 | x |
| 2016-12-31 | NT$45.44 | NT$3550.00 | x |
| 2017-12-31 | NT$47.13 | NT$3550.00 | x |
| 2018-12-31 | NT$43.67 | NT$3550.00 | x |
| 2019-12-31 | NT$46.33 | NT$3550.00 | x |
| 2020-12-31 | NT$64.28 | NT$3550.00 | x |
| 2021-12-31 | NT$64.21 | NT$3550.00 | x |
| 2022-12-31 | NT$72.27 | NT$3550.00 | x |
| 2023-12-31 | NT$80.26 | NT$3550.00 | x |
| 2024-12-31 | NT$98.72 | NT$3550.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MPI Corporation 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): 24.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.62%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.77x
- Recent ROE (24.74%) is above the historical average (14.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 25.53% | 19.47% | 0.87x | 1.50x | NT$236.37 Million |
| 2007 | 22.39% | 19.91% | 0.65x | 1.72x | NT$232.50 Million |
| 2008 | 13.40% | 11.81% | 0.71x | 1.61x | NT$65.62 Million |
| 2009 | -0.83% | -1.04% | 0.46x | 1.75x | NT$-214.53 Million |
| 2010 | 24.93% | 19.01% | 0.63x | 2.07x | NT$447.91 Million |
| 2011 | 20.50% | 15.52% | 0.85x | 1.55x | NT$324.58 Million |
| 2012 | 9.41% | 9.88% | 0.59x | 1.60x | NT$-17.72 Million |
| 2013 | 8.87% | 8.93% | 0.64x | 1.54x | NT$-34.53 Million |
| 2014 | 13.89% | 12.45% | 0.65x | 1.71x | NT$145.07 Million |
| 2015 | 8.12% | 7.35% | 0.60x | 1.83x | NT$-68.44 Million |
| 2016 | 14.27% | 11.35% | 0.68x | 1.84x | NT$168.58 Million |
| 2017 | 3.87% | 3.28% | 0.58x | 2.05x | NT$-231.03 Million |
| 2018 | 8.15% | 6.21% | 0.66x | 1.99x | NT$-76.12 Million |
| 2019 | 9.80% | 7.77% | 0.67x | 1.87x | NT$-8.70 Million |
| 2020 | 12.67% | 12.06% | 0.66x | 1.59x | NT$150.49 Million |
| 2021 | 11.49% | 10.66% | 0.66x | 1.63x | NT$90.02 Million |
| 2022 | 17.63% | 16.31% | 0.68x | 1.58x | NT$525.08 Million |
| 2023 | 17.23% | 16.10% | 0.65x | 1.63x | NT$550.45 Million |
| 2024 | 24.74% | 22.62% | 0.62x | 1.77x | NT$1.37 Billion |
Industry Comparison
This section compares MPI Corporation's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $4,492,917,500
- Average return on equity (ROE) among peers: 9.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MPI Corporation (6223) | NT$10.90 Billion | 25.53% | 0.90x | $9.08 Billion |
| Rectron Ltd (2302) | $4.12 Billion | 0.00% | 0.40x | $39.77 Million |
| Taiwan Mask Corp (2338) | $5.04 Billion | 13.49% | 0.56x | $217.60 Million |
| Lingsen Precision Industries Ltd (2369) | $5.41 Billion | 4.39% | 0.45x | $280.99 Million |
| Greatek Electronics Inc (2441) | $12.28 Billion | 13.16% | 0.16x | $727.39 Million |
| Visual Photonics Epitaxy Co Ltd (2455) | $3.13 Billion | 13.22% | 0.25x | $1.24 Billion |
| Pan Jit International Inc (2481) | $4.10 Billion | 7.99% | 1.53x | $824.61 Million |
| Ampoc Far-East Co Ltd (2493) | $1.61 Billion | 6.35% | 1.01x | $248.77 Million |
| Episil-Precision Inc (3016) | $1.12 Billion | 6.80% | 0.13x | $174.76 Million |
| Zenitron Corp (3028) | $2.03 Billion | 10.05% | 1.97x | $279.08 Million |
| ALi Corp (3041) | $6.09 Billion | 14.62% | 0.19x | $98.65 Million |