Bull Will Co Ltd (6259) - Net Assets
Based on the latest financial reports, Bull Will Co Ltd (6259) has net assets worth NT$385.22 Million TWD (≈ $12.14 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$482.62 Million ≈ $15.21 Million USD) and total liabilities (NT$97.40 Million ≈ $3.07 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 total assets of Bull Will Co Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$385.22 Million |
| % of Total Assets | 79.82% |
| Annual Growth Rate | 0.14% |
| 5-Year Change | 35.04% |
| 10-Year Change | 183.57% |
| Growth Volatility | 33.42 |
Bull Will Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Bull Will Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Bull Will Co Ltd (6259) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Bull Will Co Ltd (2003–2025)
The table below shows the annual net assets of Bull Will Co Ltd from 2003 to 2025. For live valuation and market cap data, see Bull Will Co Ltd (6259) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$385.22 Million ≈ $12.14 Million |
+7.91% |
| 2024-12-31 | NT$356.99 Million ≈ $11.25 Million |
+5.52% |
| 2023-12-31 | NT$338.31 Million ≈ $10.66 Million |
+4.90% |
| 2022-12-31 | NT$322.50 Million ≈ $10.16 Million |
+13.05% |
| 2021-12-31 | NT$285.26 Million ≈ $8.99 Million |
+33.24% |
| 2020-12-31 | NT$214.10 Million ≈ $6.75 Million |
+3.44% |
| 2019-12-31 | NT$206.98 Million ≈ $6.52 Million |
+77.02% |
| 2018-12-31 | NT$116.92 Million ≈ $3.68 Million |
-15.65% |
| 2017-12-31 | NT$138.61 Million ≈ $4.37 Million |
+2.03% |
| 2016-12-31 | NT$135.85 Million ≈ $4.28 Million |
-77.12% |
| 2015-12-31 | NT$593.71 Million ≈ $18.71 Million |
-3.66% |
| 2014-12-31 | NT$616.27 Million ≈ $19.42 Million |
+41.07% |
| 2013-12-31 | NT$436.86 Million ≈ $13.76 Million |
-6.75% |
| 2012-12-31 | NT$468.49 Million ≈ $14.76 Million |
-3.39% |
| 2011-12-31 | NT$484.94 Million ≈ $15.28 Million |
-0.23% |
| 2010-12-31 | NT$486.05 Million ≈ $15.31 Million |
+23.69% |
| 2009-12-31 | NT$392.94 Million ≈ $12.38 Million |
+43.66% |
| 2008-12-31 | NT$273.52 Million ≈ $8.62 Million |
-4.57% |
| 2007-12-31 | NT$286.63 Million ≈ $9.03 Million |
+75.68% |
| 2006-12-31 | NT$163.16 Million ≈ $5.14 Million |
-40.49% |
| 2005-12-31 | NT$274.16 Million ≈ $8.64 Million |
-8.55% |
| 2004-12-31 | NT$299.80 Million ≈ $9.45 Million |
-19.77% |
| 2003-12-31 | NT$373.70 Million ≈ $11.77 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Bull Will Co Ltd'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 decreased by 14.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$52.60 Million | 13.68% |
| Other Components | NT$331.93 Million | 86.32% |
| Total Equity | NT$384.53 Million | 100.00% |
Bull Will Co Ltd Competitors by Market Cap
The table below lists competitors of Bull Will Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TOP Engineering Co. Ltd
KQ:065130
|
$26.17 Million |
|
VBX Ltd
AU:VBX
|
$26.17 Million |
|
PJX Resources Inc
V:PJX
|
$26.17 Million |
|
CompuLab Ltd
TA:CLAB
|
$26.17 Million |
|
Knightscope Inc
NASDAQ:KSCP
|
$26.15 Million |
|
Metal Energy Corp
V:MERG
|
$26.15 Million |
|
NUREXONE BIOLOGIC INC.
F:J90
|
$26.15 Million |
|
Indo-National Limited
NSE:NIPPOBATRY
|
$26.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bull Will Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 350,893,000 to 384,530,000, a change of 33,637,000 (9.6%).
- Net income of 18,430,000 contributed positively to equity growth.
- Dividend payments of 2,509,000 reduced retained earnings.
- New share issuances of 12,567,000 increased equity.
- Other factors increased equity by 5,149,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$18.43 Million | +4.79% |
| Dividends Paid | NT$2.51 Million | -0.65% |
| Share Issuances | NT$12.57 Million | +3.27% |
| Other Changes | NT$5.15 Million | +1.34% |
| Total Change | NT$- | 9.59% |
Book Value vs Market Value Analysis
This analysis compares Bull Will Co Ltd'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: 2.11x
- 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 3.00x to 2.11x 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$9.91 | NT$29.70 | x |
| 2018-12-31 | NT$8.55 | NT$29.70 | x |
| 2019-12-31 | NT$13.35 | NT$29.70 | x |
| 2020-12-31 | NT$13.15 | NT$29.70 | x |
| 2021-12-31 | NT$12.22 | NT$29.70 | x |
| 2022-12-31 | NT$15.46 | NT$29.70 | x |
| 2023-12-31 | NT$15.13 | NT$29.70 | x |
| 2024-12-31 | NT$13.38 | NT$29.70 | x |
| 2025-12-31 | NT$14.10 | NT$29.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bull Will Co Ltd 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): 4.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.04%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.26x
- Recent ROE (4.79%) is above the historical average (-20.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 12.96% | 4.96% | 1.20x | 2.17x | NT$11.05 Million |
| 2009 | 2.63% | 1.66% | 0.96x | 1.65x | NT$-28.95 Million |
| 2010 | 5.21% | 2.51% | 1.22x | 1.70x | NT$-23.29 Million |
| 2015 | -22.25% | -11.45% | 1.06x | 1.83x | NT$-190.93 Million |
| 2016 | -296.00% | -97.91% | 1.27x | 2.38x | NT$-454.56 Million |
| 2017 | -36.23% | -19.41% | 1.07x | 1.74x | NT$-71.07 Million |
| 2018 | -15.86% | -8.55% | 1.14x | 1.63x | NT$-34.28 Million |
| 2019 | 35.05% | 37.07% | 0.73x | 1.29x | NT$51.84 Million |
| 2020 | 3.84% | 4.38% | 0.65x | 1.35x | NT$-13.19 Million |
| 2021 | 0.22% | 0.14% | 0.87x | 1.74x | NT$-23.94 Million |
| 2022 | 6.86% | 3.48% | 1.29x | 1.53x | NT$-9.64 Million |
| 2023 | 7.25% | 5.48% | 0.97x | 1.36x | NT$-9.01 Million |
| 2024 | 3.51% | 3.23% | 0.72x | 1.51x | NT$-22.76 Million |
| 2025 | 4.79% | 4.04% | 0.95x | 1.26x | NT$-20.02 Million |
Industry Comparison
This section compares Bull Will Co Ltd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $15,329,836,500
- Average return on equity (ROE) among peers: 5.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bull Will Co Ltd (6259) | NT$385.22 Million | 12.96% | 0.25x | $26.16 Million |
| China Wire & Cable Co Ltd (1603) | $5.13 Billion | 4.79% | 0.66x | $145.13 Million |
| Hold-Key Electric Wire & Cable Co Ltd (1618) | $3.10 Billion | 8.82% | 0.75x | $231.30 Million |
| Synnex Technology International Corp (2347) | $14.92 Billion | 9.54% | 0.71x | $4.92 Billion |
| Foxconn Technology Co Ltd (2354) | $105.16 Billion | 4.05% | 0.28x | $2.52 Billion |
| Senao International Co Ltd (2450) | $2.55 Billion | 3.12% | 1.01x | $233.92 Million |
| Wah Lee Industrial Corp (3010) | $13.28 Billion | 10.66% | 1.59x | $919.54 Million |
| Weikeng Industrial Co Ltd (3033) | $3.43 Billion | 6.25% | 1.49x | $673.74 Million |
| Edom Technology Co Ltd (3048) | $2.28 Billion | 8.84% | 2.35x | $393.18 Million |
| MetaTech AP (3224) | $2.73 Billion | -4.83% | 0.20x | $86.16 Million |
| Sentronic International (3232) | $707.13 Million | 2.11% | 1.04x | $28.39 Million |
About Bull Will Co Ltd
Bull Will Co., Ltd. processing, import, export and trading of electronic materials and parts, and sale of televisions in Taiwan. The company's products include switching power transformers, switching power transformer-LED drivers, and LLC resonant power transformers; LEDs; power inductors; EMI/EMC solution parts, including lead wire ferrite beads, AC line filters, SMD chip inductors, beads, and c… Read more