Galaxy Far East (6227) - Net Assets
Based on the latest financial reports, Galaxy Far East (6227) has net assets worth NT$2.81 Billion TWD (≈ $88.39 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$8.59 Billion ≈ $270.75 Million USD) and total liabilities (NT$5.79 Billion ≈ $182.35 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 Galaxy Far East tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.81 Billion |
| % of Total Assets | 32.65% |
| Annual Growth Rate | 8.42% |
| 5-Year Change | 58.73% |
| 10-Year Change | N/A |
| Growth Volatility | 6.95 |
Galaxy Far East - Net Assets Trend (2016–2024)
This chart illustrates how Galaxy Far East's net assets have evolved over time, based on quarterly financial data. See Galaxy Far East defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Galaxy Far East (2016–2024)
The table below shows the annual net assets of Galaxy Far East from 2016 to 2024. For live valuation and market cap data, see how much is Galaxy Far East worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.76 Billion ≈ $86.82 Million |
+15.29% |
| 2023-12-31 | NT$2.39 Billion ≈ $75.30 Million |
-0.35% |
| 2022-12-31 | NT$2.40 Billion ≈ $75.56 Million |
+17.78% |
| 2021-12-31 | NT$2.04 Billion ≈ $64.15 Million |
+17.30% |
| 2020-12-31 | NT$1.74 Billion ≈ $54.69 Million |
+6.52% |
| 2019-12-31 | NT$1.63 Billion ≈ $51.35 Million |
+0.30% |
| 2018-12-31 | NT$1.62 Billion ≈ $51.19 Million |
+9.05% |
| 2017-12-31 | NT$1.49 Billion ≈ $46.95 Million |
+3.28% |
| 2016-12-31 | NT$1.44 Billion ≈ $45.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Galaxy Far East'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 332.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.36 Billion | 50.01% |
| Other Components | NT$1.36 Billion | 49.99% |
| Total Equity | NT$2.72 Billion | 100.00% |
Galaxy Far East Competitors by Market Cap
The table below lists competitors of Galaxy Far East ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TigerElec Co. Ltd
KQ:219130
|
$297.40 Million |
|
Shanghai Lisheng Racing Co Ltd
SHE:002858
|
$297.43 Million |
|
Bintang Oto Global Tbk PT
JK:BOGA
|
$297.53 Million |
|
Zhubo Design
SHE:300564
|
$297.67 Million |
|
Dalmia Bharat Sugar and Industries Limited
NSE:DALMIASUG
|
$297.26 Million |
|
Fabryka Farb i Lakierów ŚNIEŻKA SA
WAR:SKA
|
$297.25 Million |
|
Shandong Teamgene Technology Co. Ltd. A
SHG:603151
|
$297.25 Million |
|
Shanghai Kaichuang Marine International Co Ltd
SHG:600097
|
$297.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Galaxy Far East's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,390,063,000 to 2,717,101,000, a change of 327,038,000 (13.7%).
- Net income of 490,002,000 contributed positively to equity growth.
- Dividend payments of 190,279,000 reduced retained earnings.
- Other comprehensive income decreased equity by 489,582,999.
- Other factors increased equity by 516,897,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$490.00 Million | +18.03% |
| Dividends Paid | NT$190.28 Million | -7.0% |
| Other Comprehensive Income | NT$-489.58 Million | -18.02% |
| Other Changes | NT$516.90 Million | +19.02% |
| Total Change | NT$- | 13.68% |
Book Value vs Market Value Analysis
This analysis compares Galaxy Far East'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: 3.47x
- 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 6.61x to 3.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$18.76 | NT$124.00 | x |
| 2017-12-31 | NT$19.31 | NT$124.00 | x |
| 2018-12-31 | NT$20.84 | NT$124.00 | x |
| 2019-12-31 | NT$21.06 | NT$124.00 | x |
| 2020-12-31 | NT$22.39 | NT$124.00 | x |
| 2021-12-31 | NT$26.12 | NT$124.00 | x |
| 2022-12-31 | NT$30.43 | NT$124.00 | x |
| 2023-12-31 | NT$30.66 | NT$124.00 | x |
| 2024-12-31 | NT$35.70 | NT$124.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Galaxy Far East utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.98%
- • Asset Turnover: 1.88x
- • Equity Multiplier: 2.41x
- Recent ROE (18.03%) is above the historical average (14.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 9.32% | 1.67% | 1.91x | 2.92x | NT$-9.85 Million |
| 2017 | 10.55% | 2.52% | 1.87x | 2.23x | NT$8.23 Million |
| 2018 | 12.77% | 2.42% | 1.64x | 3.21x | NT$45.00 Million |
| 2019 | 7.86% | 1.49% | 1.98x | 2.67x | NT$-34.88 Million |
| 2020 | 11.45% | 1.94% | 1.78x | 3.31x | NT$25.17 Million |
| 2021 | 20.79% | 2.96% | 2.24x | 3.13x | NT$219.69 Million |
| 2022 | 24.12% | 3.86% | 1.59x | 3.93x | NT$338.64 Million |
| 2023 | 13.32% | 2.38% | 1.96x | 2.85x | NT$79.42 Million |
| 2024 | 18.03% | 3.98% | 1.88x | 2.41x | NT$218.29 Million |
Industry Comparison
This section compares Galaxy Far East's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $11,159,743,900
- Average return on equity (ROE) among peers: 11.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Galaxy Far East (6227) | NT$2.81 Billion | 9.32% | 2.06x | $297.34 Million |
| China Wire & Cable Co Ltd (1603) | $2.97 Billion | 5.87% | 1.87x | $158.89 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $4.81 Billion | 5.96% | 0.12x | $254.37 Million |
| Synnex Technology International Corp (2347) | $27.80 Billion | 11.84% | 1.27x | $4.86 Billion |
| Foxconn Technology Co Ltd (2354) | $49.32 Billion | 18.34% | 1.03x | $2.56 Billion |
| Senao International Co Ltd (2450) | $6.13 Billion | 23.32% | 0.72x | $236.36 Million |
| Wah Lee Industrial Corp (3010) | $13.28 Billion | 10.66% | 1.59x | $1.06 Billion |
| Weikeng Industrial Co Ltd (3033) | $3.74 Billion | 19.19% | 2.14x | $743.69 Million |
| Edom Technology Co Ltd (3048) | $2.25 Billion | 14.51% | 1.96x | $617.18 Million |
| MetaTech AP (3224) | $599.51 Million | 0.87% | 0.30x | $93.42 Million |
| Sentronic International (3232) | $702.21 Million | 2.09% | 0.68x | $33.82 Million |
About Galaxy Far East
Macnica Galaxy Inc., together with its subisidaries, engages in the agency trading and technical service of semiconductor electronic components in Taiwan, rest of Asia, and internationally. The company distributes semiconductors, AI, IoT, CAE simulation software, AI-powered commercial service robots, and industrial-grade robotic arms. It also exports and imports electronic and electrical componen… Read more