Lanner Electronics (6245) - Net Assets
Based on the latest financial reports, Lanner Electronics (6245) has net assets worth NT$6.20 Billion TWD (≈ $195.19 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$9.09 Billion ≈ $286.33 Million USD) and total liabilities (NT$2.89 Billion ≈ $91.14 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 tangible net worth ratio of Lanner Electronics to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.20 Billion |
| % of Total Assets | 68.17% |
| Annual Growth Rate | 12.62% |
| 5-Year Change | 75.77% |
| 10-Year Change | 126.97% |
| Growth Volatility | 10.24 |
Lanner Electronics - Net Assets Trend (2009–2025)
This chart illustrates how Lanner Electronics's net assets have evolved over time, based on quarterly financial data. See 6245 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Lanner Electronics (2009–2025)
The table below shows the annual net assets of Lanner Electronics from 2009 to 2025. For live valuation and market cap data, see Lanner Electronics market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$6.20 Billion ≈ $195.19 Million |
+1.01% |
| 2024-12-31 | NT$6.13 Billion ≈ $193.23 Million |
+7.82% |
| 2023-12-31 | NT$5.69 Billion ≈ $179.22 Million |
+32.82% |
| 2022-12-31 | NT$4.28 Billion ≈ $134.93 Million |
+21.51% |
| 2021-12-31 | NT$3.52 Billion ≈ $111.04 Million |
-2.39% |
| 2020-12-31 | NT$3.61 Billion ≈ $113.77 Million |
+3.97% |
| 2019-12-31 | NT$3.47 Billion ≈ $109.43 Million |
+8.04% |
| 2018-12-31 | NT$3.21 Billion ≈ $101.28 Million |
+10.21% |
| 2017-12-31 | NT$2.92 Billion ≈ $91.90 Million |
+6.86% |
| 2016-12-31 | NT$2.73 Billion ≈ $86.00 Million |
+18.50% |
| 2015-12-31 | NT$2.30 Billion ≈ $72.57 Million |
+12.88% |
| 2014-12-31 | NT$2.04 Billion ≈ $64.29 Million |
+22.86% |
| 2013-12-31 | NT$1.66 Billion ≈ $52.33 Million |
+27.50% |
| 2012-12-31 | NT$1.30 Billion ≈ $41.04 Million |
+22.02% |
| 2011-12-31 | NT$1.07 Billion ≈ $33.64 Million |
+17.38% |
| 2010-12-31 | NT$909.52 Million ≈ $28.65 Million |
-1.62% |
| 2009-12-31 | NT$924.50 Million ≈ $29.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lanner Electronics'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 3417.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.46 Billion | 39.75% |
| Other Components | NT$3.73 Billion | 60.25% |
| Total Equity | NT$6.20 Billion | 100.00% |
Lanner Electronics Competitors by Market Cap
The table below lists competitors of Lanner Electronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Youdao Inc
NYSE:DAO
|
$377.39 Million |
|
WPG (Shanghai) Smart Water Public Co. Ltd
SHG:603956
|
$377.78 Million |
|
Menif Financial Services Ltd
TA:MNIF
|
$377.99 Million |
|
Shandong Shanda Oumasoft CO.LTD.
SHE:301185
|
$378.05 Million |
|
Regal Asian Investments Ltd
AU:RG8
|
$377.36 Million |
|
Viettel Construction JSC
VN:CTR
|
$377.23 Million |
|
Enity
ST:ENITY
|
$377.19 Million |
|
Oriental Union Chemical Corp
TW:1710
|
$377.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lanner Electronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,133,260,000 to 6,195,305,000, a change of 62,045,000 (1.0%).
- Net income of 642,147,000 contributed positively to equity growth.
- Dividend payments of 586,440,000 reduced retained earnings.
- New share issuances of 11,057,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$642.15 Million | +10.37% |
| Dividends Paid | NT$586.44 Million | -9.47% |
| Share Issuances | NT$11.06 Million | +0.18% |
| Other Changes | NT$-4.72 Million | -0.08% |
| Total Change | NT$- | 1.01% |
Book Value vs Market Value Analysis
This analysis compares Lanner Electronics'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: 1.93x
- 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 8.36x to 1.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$9.77 | NT$81.70 | x |
| 2010-12-31 | NT$9.23 | NT$81.70 | x |
| 2011-12-31 | NT$10.91 | NT$81.70 | x |
| 2012-12-31 | NT$12.94 | NT$81.70 | x |
| 2013-12-31 | NT$15.93 | NT$81.70 | x |
| 2014-12-31 | NT$17.55 | NT$81.70 | x |
| 2015-12-31 | NT$19.27 | NT$81.70 | x |
| 2016-12-31 | NT$22.31 | NT$81.70 | x |
| 2017-12-31 | NT$22.70 | NT$81.70 | x |
| 2018-12-31 | NT$24.66 | NT$81.70 | x |
| 2019-12-31 | NT$25.10 | NT$81.70 | x |
| 2020-12-31 | NT$26.48 | NT$81.70 | x |
| 2021-12-31 | NT$24.13 | NT$81.70 | x |
| 2022-12-31 | NT$28.98 | NT$81.70 | x |
| 2023-12-31 | NT$38.36 | NT$81.70 | x |
| 2024-12-31 | NT$41.95 | NT$81.70 | x |
| 2025-12-31 | NT$42.26 | NT$81.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lanner Electronics utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.37%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.93%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.47x
- Recent ROE (10.37%) is below the historical average (14.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 1.19% | 0.69% | 1.02x | 1.68x | NT$-81.47 Million |
| 2010 | 0.00% | 0.00% | 1.23x | 1.89x | NT$-88.85 Million |
| 2011 | 14.61% | 5.79% | 1.07x | 2.36x | NT$48.09 Million |
| 2012 | 19.16% | 7.51% | 1.28x | 2.00x | NT$116.80 Million |
| 2013 | 18.04% | 7.52% | 1.19x | 2.02x | NT$130.85 Million |
| 2014 | 15.20% | 6.70% | 1.21x | 1.88x | NT$103.94 Million |
| 2015 | 14.14% | 5.85% | 1.27x | 1.90x | NT$93.29 Million |
| 2016 | 14.51% | 6.22% | 1.27x | 1.84x | NT$118.48 Million |
| 2017 | 13.06% | 5.42% | 1.24x | 1.94x | NT$81.68 Million |
| 2018 | 14.44% | 5.69% | 1.24x | 2.04x | NT$130.39 Million |
| 2019 | 15.49% | 6.37% | 1.27x | 1.92x | NT$174.55 Million |
| 2020 | 17.36% | 7.94% | 1.02x | 2.13x | NT$252.61 Million |
| 2021 | 15.51% | 7.11% | 0.98x | 2.23x | NT$194.03 Million |
| 2022 | 23.43% | 10.22% | 1.08x | 2.11x | NT$575.07 Million |
| 2023 | 17.36% | 11.80% | 0.92x | 1.61x | NT$418.58 Million |
| 2024 | 14.52% | 11.96% | 0.83x | 1.47x | NT$277.48 Million |
| 2025 | 10.37% | 8.93% | 0.79x | 1.47x | NT$22.62 Million |
Industry Comparison
This section compares Lanner Electronics's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $5,429,866,600
- Average return on equity (ROE) among peers: 3.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lanner Electronics (6245) | NT$6.20 Billion | 1.19% | 0.47x | $377.37 Million |
| Microelectronics Technology Inc (2314) | $2.46 Billion | -37.09% | 1.51x | $22.25 Million |
| Tecom Co Ltd (2321) | $4.84 Billion | 0.00% | 0.91x | $12.74 Million |
| D-Link Corp (2332) | $9.00 Billion | 2.66% | 0.61x | $343.15 Million |
| Accton Technology Corp (2345) | $20.43 Billion | 39.97% | 1.25x | $43.93 Billion |
| Hitron Technologies Inc (2419) | $3.48 Billion | 6.42% | 1.06x | $300.15 Million |
| Abocom Systems Inc (2444) | $1.33 Billion | 0.00% | 1.55x | $43.84 Million |
| Zinwell Corporation (2485) | $7.16 Billion | 8.46% | 0.31x | $630.56 Million |
| Loop Telecommunication International Inc (3025) | $926.82 Million | 10.19% | 0.29x | $126.02 Million |
| Edimax Technology Co Ltd (3047) | $453.99 Million | 0.00% | 2.16x | $118.88 Million |
| CyberTAN Technology Inc (3062) | $4.22 Billion | 8.99% | 0.40x | $265.14 Million |
About Lanner Electronics
Lanner Electronics Inc., together with its subsidiaries, engages in the provision of design, engineering, and manufacturing services for network appliances and rugged industrial computers in the United States, Hong Kong, Israel, China, Taiwan, the Netherlands, Europe, and internationally. The company offers edge AI appliances, such as AI starter kits, deep learning accelerators, inference applian… Read more