Hycon Technology
Hycon Technology Corporation designs, produces, and sells mixed signal microcontroller units, and battery management and touch panel ICs in Taiwan and China. The company offers battery management ICs, such as single cell and multi-cell, and secondary protectors, as well as balance ICs and gas gauges; mixed signal microcontroller units, including microcontroller units, data converters, digital mul… Read more
Hycon Technology (6457) - Net Assets
Latest net assets as of September 2024: NT$849.13 Million TWD
Based on the latest financial reports, Hycon Technology (6457) has net assets worth NT$849.13 Million TWD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.11 Billion) and total liabilities (NT$255.93 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$849.13 Million |
| % of Total Assets | 76.84% |
| Annual Growth Rate | 10.88% |
| 5-Year Change | 74.5% |
| 10-Year Change | 134.7% |
| Growth Volatility | 22.58 |
Hycon Technology - Net Assets Trend (2012–2023)
This chart illustrates how Hycon Technology's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hycon Technology (2012–2023)
The table below shows the annual net assets of Hycon Technology from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$868.73 Million | -14.18% |
| 2022-12-31 | NT$1.01 Billion | -9.78% |
| 2021-12-31 | NT$1.12 Billion | +67.89% |
| 2020-12-31 | NT$668.31 Million | +34.24% |
| 2019-12-31 | NT$497.84 Million | +2.05% |
| 2018-12-31 | NT$487.82 Million | +0.04% |
| 2017-12-31 | NT$487.60 Million | +0.58% |
| 2016-12-31 | NT$484.78 Million | +0.82% |
| 2015-12-31 | NT$480.85 Million | +29.91% |
| 2014-12-31 | NT$370.14 Million | +14.92% |
| 2013-12-31 | NT$322.09 Million | +15.39% |
| 2012-12-31 | NT$279.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hycon Technology'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 389.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$318.55 Million | 43.83% |
| Other Comprehensive Income | NT$140.20 Million | 19.29% |
| Other Components | NT$341.62 Million | 47.01% |
| Total Equity | NT$726.72 Million | 100.00% |
Hycon Technology Competitors by Market Cap
The table below lists competitors of Hycon Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DrayTek Corp
TW:6216
|
$54.57 Million |
|
Societe Marseillaise du Tunnel Prado Carenage S.A.
LSE:0G2C
|
$54.57 Million |
|
AS Tallink Grupp
HE:TALLINK
|
$54.57 Million |
|
51 CREDIT CARD DL-00001
F:2JY
|
$54.58 Million |
|
ZOOZ Strategy Ltd.
TA:ZOOZ
|
$54.54 Million |
|
S Hotels and Resorts Public Company Limited
BK:SHR
|
$54.52 Million |
|
AI TRANSPORTATION ACQUISITION CORP Unit
NASDAQ:AITRU
|
$54.50 Million |
|
M Evo Global Acquisition Corp II Class A Ordinary Shares
NASDAQ:MEVO
|
$54.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hycon Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 850,348,000 to 726,720,000, a change of -123,628,000 (-14.5%).
- Net loss of 101,896,000 reduced equity.
- Dividend payments of 31,855,000 reduced retained earnings.
- Other comprehensive income decreased equity by 892,000.
- Other factors increased equity by 11,015,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-101.90 Million | -14.02% |
| Dividends Paid | NT$31.86 Million | -4.38% |
| Other Comprehensive Income | NT$-892.00K | -0.12% |
| Other Changes | NT$11.02 Million | +1.52% |
| Total Change | NT$- | -14.54% |
Book Value vs Market Value Analysis
This analysis compares Hycon Technology'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: 2.72x
- 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 5.16x to 2.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | NT$12.05 | NT$62.10 | x |
| 2013-12-31 | NT$13.49 | NT$62.10 | x |
| 2014-12-31 | NT$14.50 | NT$62.10 | x |
| 2015-12-31 | NT$17.49 | NT$62.10 | x |
| 2016-12-31 | NT$16.91 | NT$62.10 | x |
| 2017-12-31 | NT$16.58 | NT$62.10 | x |
| 2018-12-31 | NT$16.28 | NT$62.10 | x |
| 2019-12-31 | NT$16.71 | NT$62.10 | x |
| 2020-12-31 | NT$21.85 | NT$62.10 | x |
| 2021-12-31 | NT$36.70 | NT$62.10 | x |
| 2022-12-31 | NT$26.50 | NT$62.10 | x |
| 2023-12-31 | NT$22.81 | NT$62.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hycon Technology 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): -14.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.79%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.49x
- Recent ROE (-14.02%) is below the historical average (12.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 13.00% | 9.66% | 1.12x | 1.20x | NT$8.38 Million |
| 2013 | 10.08% | 7.93% | 1.03x | 1.23x | NT$257.80K |
| 2014 | 11.75% | 9.17% | 1.03x | 1.25x | NT$6.47 Million |
| 2015 | 13.51% | 11.81% | 0.89x | 1.28x | NT$16.89 Million |
| 2016 | 10.53% | 9.02% | 0.96x | 1.21x | NT$2.55 Million |
| 2017 | 9.60% | 7.60% | 1.02x | 1.24x | NT$-1.94 Million |
| 2018 | 9.24% | 7.57% | 1.00x | 1.22x | NT$-3.68 Million |
| 2019 | 11.15% | 8.36% | 1.07x | 1.24x | NT$5.71 Million |
| 2020 | 31.26% | 17.98% | 1.20x | 1.44x | NT$141.97 Million |
| 2021 | 34.25% | 27.24% | 0.97x | 1.30x | NT$271.96 Million |
| 2022 | 7.43% | 7.47% | 0.67x | 1.48x | NT$-21.88 Million |
| 2023 | -14.02% | -13.79% | 0.68x | 1.49x | NT$-174.57 Million |
Industry Comparison
This section compares Hycon Technology's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $20,387,667,400
- Average return on equity (ROE) among peers: -0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hycon Technology (6457) | NT$849.13 Million | 13.00% | 0.30x | $54.56 Million |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $10.90 Million |
| Orient Semiconductor Electronics Ltd (2329) | $5.50 Billion | -2.03% | 2.04x | $836.46 Million |
| Macronix International Co Ltd (2337) | $22.78 Billion | -28.37% | 0.97x | $5.52 Billion |
| Optotech Corp (2340) | $7.12 Billion | 4.72% | 0.60x | $279.36 Million |
| Mosel Vitelic Inc (2342) | $1.29 Billion | -1.88% | 1.06x | $98.63 Million |
| Winbond Electronics Corp (2344) | $78.11 Billion | 0.00% | 0.35x | $10.24 Billion |
| Silicon Integrated Systems Corp (2363) | $18.37 Billion | 0.00% | 0.92x | $603.45 Million |
| Realtek Semiconductor Corp (2379) | $20.64 Billion | 13.14% | 0.11x | $6.64 Billion |
| VIA Technologies Inc (2388) | $15.91 Billion | 0.00% | 0.71x | $369.19 Million |
| Nanya Technology Corp (2408) | $33.14 Billion | 0.00% | 1.31x | $9.33 Billion |