Easy Field (6425) - Net Assets
Based on the latest financial reports, Easy Field (6425) has net assets worth NT$1.14 Billion TWD (≈ $35.92 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.70 Billion ≈ $84.96 Million USD) and total liabilities (NT$1.56 Billion ≈ $49.05 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 6425 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.14 Billion |
| % of Total Assets | 42.27% |
| Annual Growth Rate | 3.69% |
| 5-Year Change | 24.18% |
| 10-Year Change | N/A |
| Growth Volatility | 15.68 |
Easy Field - Net Assets Trend (2016–2024)
This chart illustrates how Easy Field's net assets have evolved over time, based on quarterly financial data. Also explore how large is Easy Field's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Easy Field (2016–2024)
The table below shows the annual net assets of Easy Field from 2016 to 2024. For live valuation and market cap data, see market value of Easy Field.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.32 Billion ≈ $41.52 Million |
+41.74% |
| 2023-12-31 | NT$929.85 Million ≈ $29.30 Million |
-4.79% |
| 2022-12-31 | NT$976.68 Million ≈ $30.77 Million |
+5.17% |
| 2021-12-31 | NT$928.70 Million ≈ $29.26 Million |
-12.49% |
| 2020-12-31 | NT$1.06 Billion ≈ $33.44 Million |
+0.20% |
| 2019-12-31 | NT$1.06 Billion ≈ $33.37 Million |
-8.16% |
| 2018-12-31 | NT$1.15 Billion ≈ $36.33 Million |
+7.93% |
| 2017-12-31 | NT$1.07 Billion ≈ $33.67 Million |
+8.34% |
| 2016-12-31 | NT$986.29 Million ≈ $31.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Easy Field'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 89.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$30.27 Million | 2.39% |
| Other Components | NT$1.24 Billion | 97.61% |
| Total Equity | NT$1.27 Billion | 100.00% |
Easy Field Competitors by Market Cap
The table below lists competitors of Easy Field ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rav Bariach 08 Industries Ltd
TA:BRIH
|
$127.31 Million |
|
Business Online PCL
BK:BOL
|
$127.36 Million |
|
Pyrum Innovations AG
OL:PYRUM
|
$127.38 Million |
|
Lalin Property Public Company Limited
BK:LALIN
|
$127.43 Million |
|
Woorim Machinery Co. Ltd
KQ:101170
|
$127.28 Million |
|
Nyxoah
BR:NYXH
|
$127.27 Million |
|
Bellevue Group AG
SW:BBN
|
$127.19 Million |
|
Alpha Cognition Inc
NASDAQ:ACOG
|
$127.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Easy Field's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 842,503,000 to 1,266,546,000, a change of 424,043,000 (50.3%).
- Net income of 30,305,000 contributed positively to equity growth.
- Dividend payments of 21,801,000 reduced retained earnings.
- New share issuances of 337,850,000 increased equity.
- Other comprehensive income decreased equity by 76,750,000.
- Other factors increased equity by 154,439,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$30.30 Million | +2.39% |
| Dividends Paid | NT$21.80 Million | -1.72% |
| Share Issuances | NT$337.85 Million | +26.67% |
| Other Comprehensive Income | NT$-76.75 Million | -6.06% |
| Other Changes | NT$154.44 Million | +12.19% |
| Total Change | NT$- | 50.33% |
Book Value vs Market Value Analysis
This analysis compares Easy Field'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: 3.20x
- 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 increased from 3.09x to 3.20x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$26.95 | NT$83.30 | x |
| 2017-12-31 | NT$28.94 | NT$83.30 | x |
| 2018-12-31 | NT$30.27 | NT$83.30 | x |
| 2019-12-31 | NT$25.15 | NT$83.30 | x |
| 2020-12-31 | NT$25.04 | NT$83.30 | x |
| 2021-12-31 | NT$21.30 | NT$83.30 | x |
| 2022-12-31 | NT$21.92 | NT$83.30 | x |
| 2023-12-31 | NT$19.32 | NT$83.30 | x |
| 2024-12-31 | NT$26.06 | NT$83.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Easy Field utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.79%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.31x
- Recent ROE (2.39%) is above the historical average (-0.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.78% | 0.60% | 0.72x | 1.81x | NT$-90.90 Million |
| 2017 | 8.12% | 4.92% | 0.76x | 2.17x | NT$-20.09 Million |
| 2018 | 14.26% | 8.42% | 0.80x | 2.11x | NT$49.08 Million |
| 2019 | -13.22% | -9.76% | 0.71x | 1.90x | NT$-245.94 Million |
| 2020 | -3.98% | -3.12% | 0.53x | 2.41x | NT$-148.32 Million |
| 2021 | -11.84% | -6.11% | 0.66x | 2.96x | NT$-202.81 Million |
| 2022 | 5.11% | 3.07% | 0.64x | 2.61x | NT$-46.77 Million |
| 2023 | -8.22% | -6.32% | 0.44x | 2.95x | NT$-153.46 Million |
| 2024 | 2.39% | 1.79% | 0.58x | 2.31x | NT$-96.35 Million |
Industry Comparison
This section compares Easy Field'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 |
|---|---|---|---|---|
| Easy Field (6425) | NT$1.14 Billion | 0.78% | 1.37x | $127.30 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 Easy Field
Easy Field Corporation researches, develops, manufactures, and sells machinery and equipment in Taiwan. It serves semiconductor, optoelectronics, health care, power battery, compound semiconductor testing, and power module automatic assembly solution industries. The company was founded in 1988 and is based in Taoyuan City, Taiwan.