Rafael Microelectronics (6568) - Net Assets

Latest as of December 2025: NT$1.55 Billion TWD ≈ $48.74 Million USD

Based on the latest financial reports, Rafael Microelectronics (6568) has net assets worth NT$1.55 Billion TWD (≈ $48.74 Million USD) 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 ≈ $56.56 Million USD) and total liabilities (NT$248.28 Million ≈ $7.82 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 6568 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Rafael Microelectronics for the complete picture of this company's asset base.

Annual Net Assets for Rafael Microelectronics (2012–2025)

The table below shows the annual net assets of Rafael Microelectronics from 2012 to 2025. For live valuation and market cap data, see 6568 market cap overview.

Year	Net Assets	Change
2025-12-31	NT$1.55 Billion ≈ $48.74 Million	+5.50%
2024-12-31	NT$1.47 Billion ≈ $46.20 Million	+4.51%
2023-12-31	NT$1.40 Billion ≈ $44.21 Million	-5.85%
2022-12-31	NT$1.49 Billion ≈ $46.95 Million	-0.06%
2021-12-31	NT$1.49 Billion ≈ $46.98 Million	+4.06%
2020-12-31	NT$1.43 Billion ≈ $45.15 Million	+2.27%
2019-12-31	NT$1.40 Billion ≈ $44.14 Million	+9.26%
2018-12-31	NT$1.28 Billion ≈ $40.40 Million	+8.28%
2017-12-31	NT$1.18 Billion ≈ $37.31 Million	+10.79%
2016-12-31	NT$1.07 Billion ≈ $33.68 Million	+86.77%
2015-12-31	NT$572.35 Million ≈ $18.03 Million	+34.19%
2014-12-31	NT$426.54 Million ≈ $13.44 Million	+46.08%
2013-12-31	NT$291.99 Million ≈ $9.20 Million	+174.70%
2012-12-31	NT$106.30 Million ≈ $3.35 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
Korea Real Estate Investment & Trust Co Ltd KO:034830	$233.17 Million
Peña Verde S.A.B MX:PV	$233.18 Million
Eaton Vance California MBF NYSE MKT:EVM	$233.41 Million
Banque Cantonale Du Jura SA SW:BCJ	$233.49 Million
Gansu Mogao Industrial Development Co Ltd SHG:600543	$233.07 Million
GDI Property Group AU:GDI	$232.99 Million
Mandala Multifinance Tbk JK:MFIN	$232.92 Million
BINEX Co. Ltd KQ:053030	$232.91 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: 4.78x
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 5.01x to 4.78x 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$240.00	x
2018-12-31	NT$51.92	NT$240.00	x
2019-12-31	NT$46.37	NT$240.00	x
2020-12-31	NT$47.95	NT$240.00	x
2021-12-31	NT$49.26	NT$240.00	x
2022-12-31	NT$48.72	NT$240.00	x
2023-12-31	NT$46.00	NT$240.00	x
2024-12-31	NT$47.54	NT$240.00	x
2025-12-31	NT$50.18	NT$240.00	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: $249,380,890,400
Average return on equity (ROE) among peers: 7.79%

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	$233.11 Million
Polylite Taiwan Co Ltd (1813)	$883.80 Million	-0.02%	0.44x	$18.07 Million
United Microelectronics Corporation (2303)	$214.04 Billion	4.50%	0.84x	$30.66 Billion
Orient Semiconductor Electronics Ltd (2329)	$4.77 Billion	0.00%	3.01x	$1.14 Billion
Taiwan Semiconductor Manufacturing Co. Ltd. (2330)	$2.15 Trillion	27.53%	0.73x	$1.74 Trillion
Macronix International Co Ltd (2337)	$32.49 Billion	9.27%	0.87x	$8.99 Billion
Optotech Corp (2340)	$7.17 Billion	6.32%	0.69x	$524.91 Million
Mosel Vitelic Inc (2342)	$2.34 Billion	10.49%	0.67x	$166.75 Million
Winbond Electronics Corp (2344)	$40.10 Billion	8.21%	0.56x	$12.73 Billion
Silicon Integrated Systems Corp (2363)	$17.51 Billion	-1.71%	0.00x	$843.70 Million
Realtek Semiconductor Corp (2379)	$22.82 Billion	13.32%	1.43x	$8.72 Billion

About Rafael Microelectronics

TWO:6568 Taiwan Semiconductors

Market Cap

$233.11 Million

NT$7.40 Billion TWD

Market Cap Rank

#15955 Global

#733 in Taiwan

Share Price

NT$240.00

Change (1 day)

-2.83%

52-Week Range

NT$95.30 - NT$274.00

All Time High

NT$68411.37