Top Union Electronics (6266) - Net Assets
Based on the latest financial reports, Top Union Electronics (6266) has net assets worth NT$2.35 Billion TWD (≈ $74.07 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.67 Billion ≈ $115.60 Million USD) and total liabilities (NT$1.32 Billion ≈ $41.53 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 6266 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.35 Billion |
| % of Total Assets | 64.07% |
| Annual Growth Rate | 8.31% |
| 5-Year Change | 58.84% |
| 10-Year Change | N/A |
| Growth Volatility | 10.24 |
Top Union Electronics - Net Assets Trend (2017–2024)
This chart illustrates how Top Union Electronics's net assets have evolved over time, based on quarterly financial data. Also explore 6266 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Top Union Electronics (2017–2024)
The table below shows the annual net assets of Top Union Electronics from 2017 to 2024. For live valuation and market cap data, see Top Union Electronics (6266) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.50 Billion ≈ $78.91 Million |
+8.77% |
| 2023-12-31 | NT$2.30 Billion ≈ $72.55 Million |
+6.81% |
| 2022-12-31 | NT$2.16 Billion ≈ $67.93 Million |
+32.41% |
| 2021-12-31 | NT$1.63 Billion ≈ $51.30 Million |
+3.25% |
| 2020-12-31 | NT$1.58 Billion ≈ $49.68 Million |
+0.31% |
| 2019-12-31 | NT$1.57 Billion ≈ $49.53 Million |
+0.44% |
| 2018-12-31 | NT$1.57 Billion ≈ $49.31 Million |
+9.24% |
| 2017-12-31 | NT$1.43 Billion ≈ $45.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Top Union 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 55.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$487.88 Million | 19.48% |
| Other Components | NT$2.02 Billion | 80.52% |
| Total Equity | NT$2.50 Billion | 100.00% |
Top Union Electronics Competitors by Market Cap
The table below lists competitors of Top Union Electronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Polski Holding Nieruchomości SA
WAR:PHN
|
$135.04 Million |
|
GrafTech International Ltd
NYSE:EAF
|
$135.04 Million |
|
Shanghai Prosolar Resources Development Co Ltd
SHG:600193
|
$135.07 Million |
|
Deleum Bhd
KLSE:5132
|
$135.09 Million |
|
Alligator Energy Ltd
AU:AGE
|
$135.00 Million |
|
Innate Pharma
NASDAQ:IPHA
|
$134.96 Million |
|
ISC Fresh Water Investment SOCIMI SA
MC:YISC
|
$134.95 Million |
|
HAPPY BELLY FOOD GRO.INC.
F:W3J
|
$134.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Top Union Electronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,302,784,000 to 2,504,773,000, a change of 201,989,000 (8.8%).
- Net income of 380,580,000 contributed positively to equity growth.
- Dividend payments of 203,203,000 reduced retained earnings.
- Other comprehensive income decreased equity by 265,533,000.
- Other factors increased equity by 290,145,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$380.58 Million | +15.19% |
| Dividends Paid | NT$203.20 Million | -8.11% |
| Other Comprehensive Income | NT$-265.53 Million | -10.6% |
| Other Changes | NT$290.14 Million | +11.58% |
| Total Change | NT$- | 8.77% |
Book Value vs Market Value Analysis
This analysis compares Top Union 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: 1.71x
- 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 1.99x to 1.71x 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$14.00 | NT$27.85 | x |
| 2018-12-31 | NT$15.29 | NT$27.85 | x |
| 2019-12-31 | NT$12.45 | NT$27.85 | x |
| 2020-12-31 | NT$12.93 | NT$27.85 | x |
| 2021-12-31 | NT$13.22 | NT$27.85 | x |
| 2022-12-31 | NT$17.35 | NT$27.85 | x |
| 2023-12-31 | NT$15.78 | NT$27.85 | x |
| 2024-12-31 | NT$16.30 | NT$27.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Top Union Electronics utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.19%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.64%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.43x
- Recent ROE (15.19%) is above the historical average (12.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 8.38% | 5.09% | 1.10x | 1.50x | NT$-23.14 Million |
| 2018 | 16.60% | 8.21% | 1.22x | 1.66x | NT$103.35 Million |
| 2019 | 11.06% | 5.68% | 1.28x | 1.52x | NT$16.59 Million |
| 2020 | 9.27% | 6.61% | 0.98x | 1.43x | NT$-11.46 Million |
| 2021 | 9.98% | 6.38% | 0.86x | 1.82x | NT$-289.70K |
| 2022 | 15.28% | 10.00% | 1.03x | 1.48x | NT$113.82 Million |
| 2023 | 12.89% | 8.11% | 1.10x | 1.45x | NT$66.46 Million |
| 2024 | 15.19% | 11.64% | 0.92x | 1.43x | NT$130.10 Million |
Industry Comparison
This section compares Top Union Electronics's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $5,072,572,600
- Average return on equity (ROE) among peers: 9.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Top Union Electronics (6266) | NT$2.35 Billion | 8.38% | 0.56x | $135.01 Million |
| Rectron Ltd (2302) | $1.77 Billion | 6.75% | 0.22x | $97.98 Million |
| Taiwan Mask Corp (2338) | $3.62 Billion | -1.02% | 0.09x | $410.22 Million |
| SDI Corp (2351) | $6.99 Billion | 13.46% | 0.85x | $883.71 Million |
| Lingsen Precision Industries Ltd (2369) | $5.13 Billion | -3.18% | 0.49x | $348.60 Million |
| Greatek Electronics Inc (2441) | $4.55 Billion | 20.38% | 0.55x | $1.51 Billion |
| Visual Photonics Epitaxy Co Ltd (2455) | $3.46 Billion | 14.82% | 0.16x | $2.01 Billion |
| Pan Jit International Inc (2481) | $15.52 Billion | 5.92% | 0.85x | $1.22 Billion |
| Ampoc Far-East Co Ltd (2493) | $2.35 Billion | 13.12% | 0.55x | $692.88 Million |
| Episil-Precision Inc (3016) | $5.30 Billion | 12.85% | 0.45x | $815.43 Million |
| Zenitron Corp (3028) | $2.03 Billion | 10.08% | 1.88x | $510.50 Million |
About Top Union Electronics
Top Union Electronics Corp. engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China. The company offers surface mount technology processing, DIP, testing, assembly, and reliability consulting services; and electronic product assembly processing and testing services. It also involved in investment activities; … Read more