Chang Wah Technology Co Ltd
Chang Wah Technology Co., Ltd. develops, manufactures, and sells LED lead frame and molding compound materials in Taiwan, Asia, and internationally. The company offers industrial plastic products and electronic components; IC-leaded and IC-non-lead lead frames; EMC and pre-mold lead frames; roughen; and oxide surface plating treatment. It also sells machinery and tools; lighting materials and equ… Read more
Chang Wah Technology Co Ltd (6548) - Net Assets
Latest net assets as of June 2025: NT$10.06 Billion TWD
Based on the latest financial reports, Chang Wah Technology Co Ltd (6548) has net assets worth NT$10.06 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$21.44 Billion) and total liabilities (NT$11.37 Billion). 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$10.06 Billion |
| % of Total Assets | 46.94% |
| Annual Growth Rate | 48.82% |
| 5-Year Change | 115.47% |
| 10-Year Change | 1605.8% |
| Growth Volatility | 121.49 |
Chang Wah Technology Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Chang Wah Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Chang Wah Technology Co Ltd (2012–2024)
The table below shows the annual net assets of Chang Wah Technology Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$11.69 Billion | +13.15% |
| 2023-12-31 | NT$10.33 Billion | +1.57% |
| 2022-12-31 | NT$10.17 Billion | +20.94% |
| 2021-12-31 | NT$8.41 Billion | +55.02% |
| 2020-12-31 | NT$5.43 Billion | +8.82% |
| 2019-12-31 | NT$4.99 Billion | -3.58% |
| 2018-12-31 | NT$5.17 Billion | +0.80% |
| 2017-12-31 | NT$5.13 Billion | +431.21% |
| 2016-12-31 | NT$965.77 Million | +40.90% |
| 2015-12-31 | NT$685.42 Million | +1.72% |
| 2014-12-31 | NT$673.86 Million | +149.04% |
| 2013-12-31 | NT$270.59 Million | +173.06% |
| 2012-12-31 | NT$99.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chang Wah Technology 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 313112023800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.13 Billion | 27.82% |
| Other Components | NT$8.12 Billion | 72.18% |
| Total Equity | NT$11.24 Billion | 100.00% |
Chang Wah Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Chang Wah Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maccura Biotechnology Co Ltd
SHE:300463
|
$576.46 Million |
|
Shaanxi Ligeance Mineral Resources Co Ltd
SHE:000697
|
$576.57 Million |
|
Intellect Design Arena Limited
NSE:INTELLECT
|
$576.73 Million |
|
SkyCity Entertainment Group Limited
PINK:SKYZF
|
$576.82 Million |
|
Phreesia Inc
NYSE:PHR
|
$576.14 Million |
|
Janux Therapeutics Inc
NASDAQ:JANX
|
$576.00 Million |
|
Antin IP SA
PA:ANTIN
|
$575.99 Million |
|
Changzhou NRB Corp
SHE:002708
|
$575.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chang Wah Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,903,911,000 to 11,244,627,000, a change of 1,340,716,000 (13.5%).
- Net income of 1,895,822,000 contributed positively to equity growth.
- Dividend payments of 1,531,787,000 reduced retained earnings.
- Share repurchases of 110,123,000 reduced equity.
- New share issuances of 1,733,000 increased equity.
- Other comprehensive income decreased equity by 2,773,543,000.
- Other factors increased equity by 3,858,614,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.90 Billion | +16.86% |
| Dividends Paid | NT$1.53 Billion | -13.62% |
| Share Repurchases | NT$110.12 Million | -0.98% |
| Share Issuances | NT$1.73 Million | +0.02% |
| Other Comprehensive Income | NT$-2.77 Billion | -24.67% |
| Other Changes | NT$3.86 Billion | +34.32% |
| Total Change | NT$- | 13.54% |
Book Value vs Market Value Analysis
This analysis compares Chang Wah Technology 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: 4.08x
- 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 125.14x to 4.08x 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$0.39 | NT$48.60 | x |
| 2013-12-31 | NT$0.77 | NT$48.60 | x |
| 2014-12-31 | NT$1.68 | NT$48.60 | x |
| 2015-12-31 | NT$1.18 | NT$48.60 | x |
| 2016-12-31 | NT$1.67 | NT$48.60 | x |
| 2017-12-31 | NT$6.80 | NT$48.60 | x |
| 2018-12-31 | NT$5.71 | NT$48.60 | x |
| 2019-12-31 | NT$5.55 | NT$48.60 | x |
| 2020-12-31 | NT$6.03 | NT$48.60 | x |
| 2021-12-31 | NT$9.23 | NT$48.60 | x |
| 2022-12-31 | NT$10.43 | NT$48.60 | x |
| 2023-12-31 | NT$10.56 | NT$48.60 | x |
| 2024-12-31 | NT$11.92 | NT$48.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chang Wah Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.86%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.82%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.92x
- Recent ROE (16.86%) is above the historical average (11.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -17.85% | -11.70% | 0.88x | 1.73x | NT$-27.59 Million |
| 2013 | 7.96% | 6.27% | 0.98x | 1.29x | NT$-5.53 Million |
| 2014 | 9.30% | 15.90% | 0.50x | 1.17x | NT$-4.74 Million |
| 2015 | 8.54% | 15.46% | 0.47x | 1.18x | NT$-10.03 Million |
| 2016 | 4.66% | 9.86% | 0.40x | 1.17x | NT$-51.58 Million |
| 2017 | 8.51% | 5.74% | 0.82x | 1.80x | NT$-75.37 Million |
| 2018 | 16.53% | 8.61% | 1.00x | 1.92x | NT$332.79 Million |
| 2019 | 12.38% | 6.52% | 0.88x | 2.15x | NT$116.86 Million |
| 2020 | 14.53% | 8.00% | 0.80x | 2.28x | NT$241.25 Million |
| 2021 | 20.69% | 13.40% | 0.86x | 1.79x | NT$885.63 Million |
| 2022 | 28.81% | 19.51% | 0.77x | 1.93x | NT$1.84 Billion |
| 2023 | 15.80% | 13.51% | 0.58x | 2.02x | NT$574.12 Million |
| 2024 | 16.86% | 15.82% | 0.56x | 1.92x | NT$771.36 Million |
Industry Comparison
This section compares Chang Wah Technology Co Ltd'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 |
|---|---|---|---|---|
| Chang Wah Technology Co Ltd (6548) | NT$10.06 Billion | -17.85% | 1.13x | $576.20 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 |