Rafael Microelectronics
Rafael Microelectronics, Inc. engages in the research, design, manufacture, and sale of radio frequency (RF) integrated circuits, integrated RF systems, and related products in Taiwan, China, Europe, the United States, and Asia. It offers IoT connectivity; satellite communication products; set-top box receivers; TV receivers; and optical networking products. The company was incorporated in 2006 a… Read more
Rafael Microelectronics (6568) - Net Assets
Latest net assets as of December 2025: NT$1.55 Billion TWD
Based on the latest financial reports, Rafael Microelectronics (6568) has net assets worth NT$1.55 Billion TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.80 Billion) and total liabilities (NT$248.28 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$1.55 Billion |
| % of Total Assets | 86.17% |
| Annual Growth Rate | 22.88% |
| 5-Year Change | 3.74% |
| 10-Year Change | 44.72% |
| Growth Volatility | 48.5 |
Rafael Microelectronics - Net Assets Trend (2012–2025)
This chart illustrates how Rafael Microelectronics's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rafael Microelectronics (2012–2025)
The table below shows the annual net assets of Rafael Microelectronics from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.55 Billion | +5.50% |
| 2024-12-31 | NT$1.47 Billion | +4.51% |
| 2023-12-31 | NT$1.40 Billion | -5.85% |
| 2022-12-31 | NT$1.49 Billion | -0.06% |
| 2021-12-31 | NT$1.49 Billion | +4.06% |
| 2020-12-31 | NT$1.43 Billion | +2.27% |
| 2019-12-31 | NT$1.40 Billion | +9.26% |
| 2018-12-31 | NT$1.28 Billion | +8.28% |
| 2017-12-31 | NT$1.18 Billion | +10.79% |
| 2016-12-31 | NT$1.07 Billion | +86.77% |
| 2015-12-31 | NT$572.35 Million | +34.19% |
| 2014-12-31 | NT$426.54 Million | +46.08% |
| 2013-12-31 | NT$291.99 Million | +174.70% |
| 2012-12-31 | NT$106.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rafael Microelectronics'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 67447700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$674.48 Million | 43.60% |
| Other Components | NT$872.53 Million | 56.40% |
| Total Equity | NT$1.55 Billion | 100.00% |
Rafael Microelectronics Competitors by Market Cap
The table below lists competitors of Rafael Microelectronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hi-Tech Pipes Limited
NSE:HITECH
|
$95.99 Million |
|
MM Forgings Limited
NSE:MMFL
|
$96.02 Million |
|
Thaitheparos Public Company Limited
BK:SAUCE
|
$96.04 Million |
|
Borealis Mining Company Limited
V:BOGO
|
$96.07 Million |
|
Afyon Cimento Sanayi TAS
IS:AFYON
|
$95.95 Million |
|
Asia Tech Image
TWO:4974
|
$95.86 Million |
|
NUVERRA ENVIR SOL
F:3H5
|
$95.85 Million |
|
Sunfun Info Co. Ltd.
TWO:5278
|
$95.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rafael Microelectronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,466,413,000 to 1,547,008,000, a change of 80,595,000 (5.5%).
- Net income of 122,007,000 contributed positively to equity growth.
- Dividend payments of 62,024,000 reduced retained earnings.
- Other factors increased equity by 20,612,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$122.01 Million | +7.89% |
| Dividends Paid | NT$62.02 Million | -4.01% |
| Other Changes | NT$20.61 Million | +1.33% |
| Total Change | NT$- | 5.50% |
Book Value vs Market Value Analysis
This analysis compares Rafael Microelectronics'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: 3.95x
- 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 4.13x to 3.95x 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$47.95 | NT$198.00 | x |
| 2018-12-31 | NT$51.92 | NT$198.00 | x |
| 2019-12-31 | NT$46.37 | NT$198.00 | x |
| 2020-12-31 | NT$47.95 | NT$198.00 | x |
| 2021-12-31 | NT$49.26 | NT$198.00 | x |
| 2022-12-31 | NT$48.72 | NT$198.00 | x |
| 2023-12-31 | NT$46.00 | NT$198.00 | x |
| 2024-12-31 | NT$47.54 | NT$198.00 | x |
| 2025-12-31 | NT$50.18 | NT$198.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rafael Microelectronics 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): 7.89%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.73%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.16x
- Recent ROE (7.89%) is below the historical average (13.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 26.78% | 19.70% | 0.90x | 1.50x | NT$96.02 Million |
| 2016 | 22.22% | 21.15% | 0.84x | 1.25x | NT$130.62 Million |
| 2017 | 20.13% | 21.46% | 0.77x | 1.21x | NT$119.95 Million |
| 2018 | 17.05% | 19.56% | 0.73x | 1.20x | NT$90.45 Million |
| 2019 | 15.61% | 19.38% | 0.67x | 1.20x | NT$78.57 Million |
| 2020 | 12.70% | 17.12% | 0.63x | 1.18x | NT$38.67 Million |
| 2021 | 11.16% | 16.14% | 0.59x | 1.17x | NT$17.34 Million |
| 2022 | 8.16% | 9.33% | 0.69x | 1.26x | NT$-27.39 Million |
| 2023 | 2.98% | 4.19% | 0.62x | 1.14x | NT$-98.53 Million |
| 2024 | 7.99% | 10.99% | 0.64x | 1.14x | NT$-29.54 Million |
| 2025 | 7.89% | 10.73% | 0.63x | 1.16x | NT$-32.69 Million |
Industry Comparison
This section compares Rafael Microelectronics'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 |
|---|---|---|---|---|
| Rafael Microelectronics (6568) | NT$1.55 Billion | 26.78% | 0.16x | $95.97 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 |