Axis Corporation (6292) - Net Assets
Based on the latest financial reports, Axis Corporation (6292) has net assets worth NT$1.00 Billion TWD (≈ $31.61 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$1.55 Billion ≈ $48.97 Million USD) and total liabilities (NT$551.14 Million ≈ $17.36 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 Axis Corporation asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.00 Billion |
| % of Total Assets | 64.54% |
| Annual Growth Rate | 3.16% |
| 5-Year Change | 32.19% |
| 10-Year Change | N/A |
| Growth Volatility | 6.57 |
Axis Corporation - Net Assets Trend (2016–2024)
This chart illustrates how Axis Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Axis Corporation assets under control for the complete picture of this company's asset base.
Annual Net Assets for Axis Corporation (2016–2024)
The table below shows the annual net assets of Axis Corporation from 2016 to 2024. For live valuation and market cap data, see market value of Axis Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.25 Billion ≈ $39.36 Million |
+1.18% |
| 2023-12-31 | NT$1.23 Billion ≈ $38.90 Million |
+10.14% |
| 2022-12-31 | NT$1.12 Billion ≈ $35.32 Million |
+3.87% |
| 2021-12-31 | NT$1.08 Billion ≈ $34.00 Million |
+14.20% |
| 2020-12-31 | NT$945.01 Million ≈ $29.77 Million |
-3.85% |
| 2019-12-31 | NT$982.88 Million ≈ $30.97 Million |
+8.57% |
| 2018-12-31 | NT$905.33 Million ≈ $28.52 Million |
-2.77% |
| 2017-12-31 | NT$931.16 Million ≈ $29.34 Million |
-4.39% |
| 2016-12-31 | NT$973.89 Million ≈ $30.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Axis Corporation'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 70.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$388.29 Million | 31.08% |
| Other Components | NT$860.92 Million | 68.92% |
| Total Equity | NT$1.25 Billion | 100.00% |
Axis Corporation Competitors by Market Cap
The table below lists competitors of Axis Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
M2I Corporation
KQ:347890
|
$66.23 Million |
|
International Media Acquisition Corp
NASDAQ:IMAQ
|
$66.25 Million |
|
Pancontinental Energy NL
AU:PCL
|
$66.29 Million |
|
Formet Celik Kapi Sanayi ve Ticaret AS
IS:FORMT
|
$66.29 Million |
|
Austral Gold Ltd
AU:AGD
|
$66.18 Million |
|
Gagasan Nadi Cergas Berhad
KLSE:0206
|
$66.17 Million |
|
Lowell Resources Fund
AU:LRT
|
$66.16 Million |
|
Anadolu Isuzu Otomotiv Sanayi ve Ticaret AS
IS:ASUZU
|
$66.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Axis Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,234,583,000 to 1,249,204,000, a change of 14,621,000 (1.2%).
- Net income of 180,523,000 contributed positively to equity growth.
- Dividend payments of 195,723,000 reduced retained earnings.
- Other comprehensive income decreased equity by 292,656,000.
- Other factors increased equity by 322,477,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$180.52 Million | +14.45% |
| Dividends Paid | NT$195.72 Million | -15.67% |
| Other Comprehensive Income | NT$-292.66 Million | -23.43% |
| Other Changes | NT$322.48 Million | +25.81% |
| Total Change | NT$- | 1.18% |
Book Value vs Market Value Analysis
This analysis compares Axis Corporation'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: 1.68x
- 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 2.18x to 1.68x 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$20.68 | NT$45.10 | x |
| 2017-12-31 | NT$19.80 | NT$45.10 | x |
| 2018-12-31 | NT$19.23 | NT$45.10 | x |
| 2019-12-31 | NT$20.82 | NT$45.10 | x |
| 2020-12-31 | NT$19.92 | NT$45.10 | x |
| 2021-12-31 | NT$22.80 | NT$45.10 | x |
| 2022-12-31 | NT$23.77 | NT$45.10 | x |
| 2023-12-31 | NT$26.23 | NT$45.10 | x |
| 2024-12-31 | NT$26.81 | NT$45.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Axis Corporation 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): 14.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.43%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.44x
- Recent ROE (14.45%) is below the historical average (16.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 16.13% | 10.81% | 0.88x | 1.69x | NT$59.67 Million |
| 2017 | 12.98% | 8.62% | 0.86x | 1.74x | NT$27.73 Million |
| 2018 | 9.94% | 6.77% | 0.84x | 1.74x | NT$-538.10K |
| 2019 | 20.41% | 19.87% | 0.61x | 1.67x | NT$102.27 Million |
| 2020 | 15.32% | 14.26% | 0.63x | 1.70x | NT$50.23 Million |
| 2021 | 21.63% | 19.26% | 0.62x | 1.83x | NT$125.51 Million |
| 2022 | 16.38% | 11.40% | 0.73x | 1.98x | NT$71.50 Million |
| 2023 | 20.84% | 18.93% | 0.53x | 2.06x | NT$133.88 Million |
| 2024 | 14.45% | 17.43% | 0.57x | 1.44x | NT$55.60 Million |
Industry Comparison
This section compares Axis Corporation's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $6,044,751,000
- Average return on equity (ROE) among peers: 5.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Axis Corporation (6292) | NT$1.00 Billion | 16.13% | 0.55x | $66.21 Million |
| Shihlin Electric & Engineering Corp (1503) | $27.04 Billion | 6.68% | 0.67x | $3.11 Billion |
| Allis Electric Co Ltd (1514) | $3.10 Billion | 9.53% | 0.87x | $920.17 Million |
| Fortune Electric Co Ltd (1519) | $2.22 Billion | 3.49% | 0.85x | $8.84 Billion |
| Klingon Aerospace Inc (1529) | $1.72 Billion | 2.62% | 0.74x | $106.03 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $2.16 Billion | 14.61% | 0.45x | $318.00 Million |
| Chieftek Precision Co Ltd (1597) | $1.33 Billion | 5.33% | 1.05x | $394.51 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $8.36 Billion | 5.26% | 0.53x | $437.03 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $8.10 Billion | 5.82% | 1.52x | $794.28 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $4.96 Billion | 1.46% | 0.15x | $355.01 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.46 Billion | 0.92% | 0.49x | $283.16 Million |
About Axis Corporation
Axis Corporation engages in the manufacture, process, trade, and import and export of appliances and related peripheral parts in Taiwan. It provides power supplies, transformers, and electronic stabilizers. The company also offers plate type transformers and coils; toroidal coil; low and high frequency transformers and coils; sealed infusion products; and various inductors and coils. Its products… Read more