Insyde Software Net Assets
Insyde Software net assets. Based on the latest financial reports, Insyde Software (6231) has net assets worth NT$1.17 Billion TWD (≈ $36.73 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.66 Billion ≈ $52.37 Million USD) and total liabilities (NT$496.30 Million ≈ $15.64 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. Also explore net asset momentum of Insyde Software to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.17 Billion |
| % of Total Assets | 70.14% |
| Annual Growth Rate | 7.92% |
| 5-Year Change | 36.98% |
| 10-Year Change | N/A |
| Growth Volatility | 9.84 |
Net Assets of Insyde Software (2017–2025)
Net assets of Insyde Software from 2017 to 2025. This chart illustrates how Insyde Software's net assets have evolved over time, based on quarterly financial data. See Insyde Software net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Insyde Software (2017–2025)
The table below shows the annual net assets of Insyde Software from 2017 to 2025. For live market cap and overall valuation, see Insyde Software stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.17 Billion ≈ $36.73 Million |
-0.62% |
| 2024-12-31 | NT$1.17 Billion ≈ $36.96 Million |
+29.08% |
| 2023-12-31 | NT$908.87 Million ≈ $28.63 Million |
-5.69% |
| 2022-12-31 | NT$963.73 Million ≈ $30.36 Million |
+13.23% |
| 2021-12-31 | NT$851.14 Million ≈ $26.82 Million |
+12.20% |
| 2020-12-31 | NT$758.58 Million ≈ $23.90 Million |
+9.19% |
| 2019-12-31 | NT$694.74 Million ≈ $21.89 Million |
+3.80% |
| 2018-12-31 | NT$669.28 Million ≈ $21.09 Million |
+5.62% |
| 2017-12-31 | NT$633.68 Million ≈ $19.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Insyde Software'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 89.5% over the analyzed period, indicating profitable operations and earnings retention.
Insyde Software Net Assets Breakdown (December 2025)
Insyde Software net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$365.00 Million | 31.31% |
| Other Components | NT$800.94 Million | 68.69% |
| Total Equity | NT$1.17 Billion | 100.00% |
Insyde Software Competitors by Market Cap
The table below lists competitors of Insyde Software ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chengdu Huasun Group Inc Ltd
SHE:000790
|
$322.18 Million |
|
Energy One Ltd
AU:EOL
|
$322.35 Million |
|
Itcen Co. Ltd
KQ:124500
|
$322.37 Million |
|
Ningbo Water Meter Co Ltd
SHG:603700
|
$322.45 Million |
|
Xinjiang Haoyuan Natural Gas Co Ltd
SHE:002700
|
$322.00 Million |
|
Jiangsu Skyray Instrument Co
SHE:300165
|
$321.94 Million |
|
Denny’s Corp
NASDAQ:DENN
|
$321.87 Million |
|
Shanghai Xin Nanyang Co Ltd
SHG:600661
|
$321.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Insyde Software's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,173,161,000 to 1,165,931,000, a change of -7,230,000 (-0.6%).
- Net income of 303,849,000 contributed positively to equity growth.
- Dividend payments of 296,739,000 reduced retained earnings.
- Other factors decreased equity by 14,340,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$303.85 Million | +26.06% |
| Dividends Paid | NT$296.74 Million | -25.45% |
| Other Changes | NT$-14.34 Million | -1.23% |
| Total Change | NT$- | -0.62% |
Book Value vs Market Value Analysis
This analysis compares Insyde Software'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: 8.77x
- 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 13.45x to 8.77x 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$16.65 | NT$224.00 | x |
| 2018-12-31 | NT$17.59 | NT$224.00 | x |
| 2019-12-31 | NT$18.26 | NT$224.00 | x |
| 2020-12-31 | NT$19.75 | NT$224.00 | x |
| 2021-12-31 | NT$22.06 | NT$224.00 | x |
| 2022-12-31 | NT$24.87 | NT$224.00 | x |
| 2023-12-31 | NT$23.75 | NT$224.00 | x |
| 2024-12-31 | NT$25.70 | NT$224.00 | x |
| 2025-12-31 | NT$25.54 | NT$224.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Insyde Software utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.06%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.98%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.43x
- Recent ROE (26.06%) is above the historical average (19.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 5.88% | 4.74% | 0.93x | 1.34x | NT$-26.08 Million |
| 2018 | 9.91% | 7.81% | 0.90x | 1.40x | NT$-604.80K |
| 2019 | 12.71% | 9.21% | 0.88x | 1.58x | NT$18.86 Million |
| 2020 | 20.31% | 13.63% | 0.98x | 1.52x | NT$78.25 Million |
| 2021 | 26.54% | 17.37% | 1.01x | 1.52x | NT$140.78 Million |
| 2022 | 29.44% | 20.17% | 1.03x | 1.42x | NT$187.32 Million |
| 2023 | 20.34% | 13.77% | 0.99x | 1.49x | NT$94.00 Million |
| 2024 | 28.69% | 20.84% | 0.96x | 1.44x | NT$219.22 Million |
| 2025 | 26.06% | 17.98% | 1.02x | 1.43x | NT$187.26 Million |
Industry Comparison
This section compares Insyde Software's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,374,269,143
- Average return on equity (ROE) among peers: 10.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Insyde Software (6231) | NT$1.17 Billion | 5.88% | 0.43x | $322.18 Million |
| K Way Information (5201) | $690.32 Million | -0.28% | 0.38x | $31.62 Million |
| Cyberlink Co (5203) | $4.77 Billion | 23.07% | 0.35x | $139.45 Million |
| APEX International Financial Engineering Res & Tech Co Ltd (5210) | $544.73 Million | -14.55% | 0.23x | $77.67 Million |
| Penpower Technology Ltd (5211) | $525.85 Million | 3.44% | 0.15x | $19.98 Million |
| Dimerco Data System (5403) | $1.27 Billion | 15.18% | 1.31x | $213.79 Million |
| Interactive Digital Technologies (6486) | $1.09 Billion | 22.09% | 1.48x | $130.20 Million |
| Mitake Information (8284) | $725.50 Million | 25.25% | 0.66x | $98.11 Million |
About Insyde Software
Insyde Software Corp. provides system firmware and software engineering services for companies in the mobile, desktop, server, and embedded systems industries worldwide. The company offers firmware solutions, including InsydeH2O, which delivers UEFI firmware, and Supervyse OpenBMC firmware solution. It also provides inQuire, a portal for development tools; diagnostic and validation tools; customi… Read more