Securitag Assembly Group Co Ltd (6417) - Net Assets
Based on the latest financial reports, Securitag Assembly Group Co Ltd (6417) has net assets worth NT$1.60 Billion TWD (≈ $50.35 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$2.80 Billion ≈ $88.35 Million USD) and total liabilities (NT$1.21 Billion ≈ $38.01 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 asset resilience ratio of Securitag Assembly Group Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.60 Billion |
| % of Total Assets | 56.98% |
| Annual Growth Rate | 12.51% |
| 5-Year Change | 92.54% |
| 10-Year Change | N/A |
| Growth Volatility | 17.42 |
Securitag Assembly Group Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Securitag Assembly Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 6417 asset base for the complete picture of this company's asset base.
Annual Net Assets for Securitag Assembly Group Co Ltd (2017–2024)
The table below shows the annual net assets of Securitag Assembly Group Co Ltd from 2017 to 2024. For live valuation and market cap data, see Securitag Assembly Group Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.61 Billion ≈ $50.73 Million |
+6.67% |
| 2023-12-31 | NT$1.51 Billion ≈ $47.56 Million |
+5.38% |
| 2022-12-31 | NT$1.43 Billion ≈ $45.13 Million |
+9.80% |
| 2021-12-31 | NT$1.30 Billion ≈ $41.10 Million |
+56.00% |
| 2020-12-31 | NT$836.35 Million ≈ $26.35 Million |
+7.26% |
| 2019-12-31 | NT$779.71 Million ≈ $24.57 Million |
+7.75% |
| 2018-12-31 | NT$723.60 Million ≈ $22.80 Million |
+2.54% |
| 2017-12-31 | NT$705.65 Million ≈ $22.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Securitag Assembly Group 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 grown by 296.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$730.69 Million | 45.38% |
| Other Components | NT$879.59 Million | 54.62% |
| Total Equity | NT$1.61 Billion | 100.00% |
Securitag Assembly Group Co Ltd Competitors by Market Cap
The table below lists competitors of Securitag Assembly Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shieh Yih Machinery Industry Co Ltd
TWO:4533
|
$155.24 Million |
|
Gobarto S.A.
WAR:GOB
|
$155.32 Million |
|
Train Alliance Sweden AB Series B
ST:TRAIN-B
|
$155.35 Million |
|
MKH Oil Palm (East Kalimantan) Berhad
KLSE:5319
|
$155.38 Million |
|
Zumtobel Group AG
VI:ZAG
|
$155.13 Million |
|
Baran Group Ltd
TA:BRAN
|
$155.11 Million |
|
Gesher Acquisition Corp. II
NASDAQ:GSHR
|
$155.08 Million |
|
GPT Infraprojects Limited
NSE:GPTINFRA
|
$155.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Securitag Assembly Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,509,534,000 to 1,610,283,000, a change of 100,749,000 (6.7%).
- Net income of 183,925,000 contributed positively to equity growth.
- Dividend payments of 84,548,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$183.93 Million | +11.42% |
| Dividends Paid | NT$84.55 Million | -5.25% |
| Other Changes | NT$1.37 Million | +0.09% |
| Total Change | NT$- | 6.67% |
Book Value vs Market Value Analysis
This analysis compares Securitag Assembly Group 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: 3.06x
- 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 6.03x to 3.06x 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$19.33 | NT$116.50 | x |
| 2018-12-31 | NT$19.82 | NT$116.50 | x |
| 2019-12-31 | NT$21.36 | NT$116.50 | x |
| 2020-12-31 | NT$22.87 | NT$116.50 | x |
| 2021-12-31 | NT$34.91 | NT$116.50 | x |
| 2022-12-31 | NT$33.81 | NT$116.50 | x |
| 2023-12-31 | NT$35.65 | NT$116.50 | x |
| 2024-12-31 | NT$38.09 | NT$116.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Securitag Assembly Group Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.34%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.75x
- Recent ROE (11.42%) is above the historical average (9.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.70% | 5.31% | 0.82x | 1.54x | NT$-23.29 Million |
| 2018 | 5.93% | 4.91% | 0.74x | 1.64x | NT$-29.48 Million |
| 2019 | 10.01% | 7.72% | 0.80x | 1.62x | NT$66.20K |
| 2020 | 11.47% | 9.66% | 0.75x | 1.58x | NT$12.30 Million |
| 2021 | 8.64% | 10.36% | 0.60x | 1.39x | NT$-17.76 Million |
| 2022 | 13.29% | 14.48% | 0.56x | 1.63x | NT$47.17 Million |
| 2023 | 11.25% | 11.91% | 0.53x | 1.79x | NT$18.82 Million |
| 2024 | 11.42% | 12.34% | 0.53x | 1.75x | NT$22.90 Million |
Industry Comparison
This section compares Securitag Assembly Group Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $4,352,778,700
- Average return on equity (ROE) among peers: 4.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Securitag Assembly Group Co Ltd (6417) | NT$1.60 Billion | 6.70% | 0.75x | $155.16 Million |
| Microelectronics Technology Inc (2314) | $4.24 Billion | 20.07% | 0.89x | $47.14 Million |
| Tecom Co Ltd (2321) | $549.96 Million | -11.14% | 3.07x | $12.46 Million |
| D-Link Corp (2332) | $13.20 Billion | 0.47% | 0.93x | $260.42 Million |
| Accton Technology Corp (2345) | $7.56 Billion | 8.51% | 0.87x | $40.15 Billion |
| Hitron Technologies Inc (2419) | $1.79 Billion | 3.83% | 1.28x | $306.23 Million |
| Abocom Systems Inc (2444) | $980.48 Million | -1.62% | 1.10x | $42.72 Million |
| Zinwell Corporation (2485) | $7.48 Billion | 11.28% | 0.37x | $587.53 Million |
| Loop Telecommunication International Inc (3025) | $788.88 Million | 1.56% | 0.29x | $107.43 Million |
| Edimax Technology Co Ltd (3047) | $2.36 Billion | 8.03% | 0.91x | $102.61 Million |
| CyberTAN Technology Inc (3062) | $4.58 Billion | 8.00% | 0.51x | $257.39 Million |
About Securitag Assembly Group Co Ltd
Securitag Assembly Group Co., Ltd. engages in the manufacture and sale of RFID transponders in Taiwan and internationally. Its products include labels and inlays, hard tags, keyfobs, sensor tages, and cards. The company offers its product for applications, such as industrial, healthcare, NFC, RFID/sensor, retail/branding, and security. Securitag Assembly Group Co., Ltd. was founded in 1999 and is… Read more