East Tender Opto
East Tender Optoelectronics Corporation manufactures optical filters and components for optics, photonics, and optical communication in Taiwan, Mainland China, South Korea and internationally. It offers LIDAR, LWDM, WDM, bio-photonics, band separator, edge, MWDM, FWDM, DWDM, TAP, transmission attenuation plates, triplexer, CWDM, and dual band pass filters, AR and mirror coating, PBS/PBC, prisms, … Read more
East Tender Opto (6588) - Net Assets
Latest net assets as of September 2025: NT$895.65 Million TWD
Based on the latest financial reports, East Tender Opto (6588) has net assets worth NT$895.65 Million TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.13 Billion) and total liabilities (NT$236.33 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$895.65 Million |
| % of Total Assets | 79.12% |
| Annual Growth Rate | 0.68% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 12.51 |
East Tender Opto - Net Assets Trend (2021–2024)
This chart illustrates how East Tender Opto's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for East Tender Opto (2021–2024)
The table below shows the annual net assets of East Tender Opto from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$836.41 Million | +18.84% |
| 2023-12-31 | NT$703.79 Million | -9.93% |
| 2022-12-31 | NT$781.38 Million | -4.67% |
| 2021-12-31 | NT$819.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to East Tender Opto'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 137.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$900.99 Million | 108.48% |
| Total Equity | NT$830.58 Million | 100.00% |
East Tender Opto Competitors by Market Cap
The table below lists competitors of East Tender Opto ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BusinessOn Communication Co. Ltd
KQ:138580
|
$69.33 Million |
|
Pacific Edge Limited
PINK:PFGTF
|
$69.34 Million |
|
Action Electronics Co Ltd
TW:3024
|
$69.35 Million |
|
SA Catana Group
PA:CATG
|
$69.35 Million |
|
Gen Ilac ve Saglik Urunleri Sanayi ve Ticaret AS
IS:GENIL
|
$69.33 Million |
|
Socovesa
SN:SOCOVESA
|
$69.32 Million |
|
S H Kelkar and Company Limited
NSE:SHK
|
$69.31 Million |
|
Treace Medical Concepts Inc
NASDAQ:TMCI
|
$69.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in East Tender Opto's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 703,793,000 to 830,583,000, a change of 126,790,000 (18.0%).
- Net loss of 143,256,000 reduced equity.
- New share issuances of 258,500,000 increased equity.
- Other factors increased equity by 11,546,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-143.26 Million | -17.25% |
| Share Issuances | NT$258.50 Million | +31.12% |
| Other Changes | NT$11.55 Million | +1.39% |
| Total Change | NT$- | 18.02% |
Book Value vs Market Value Analysis
This analysis compares East Tender Opto'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: 3.47x
- 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 2.82x to 3.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | NT$29.40 | NT$83.00 | x |
| 2022-12-31 | NT$28.02 | NT$83.00 | x |
| 2023-12-31 | NT$25.24 | NT$83.00 | x |
| 2024-12-31 | NT$23.94 | NT$83.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently East Tender Opto utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -17.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -105.49%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.27x
- Recent ROE (-17.25%) is below the historical average (-7.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 1.57% | 6.36% | 0.20x | 1.26x | NT$-69.06 Million |
| 2022 | -2.25% | -10.35% | 0.17x | 1.25x | NT$-95.76 Million |
| 2023 | -11.64% | -75.62% | 0.12x | 1.27x | NT$-152.32 Million |
| 2024 | -17.25% | -105.49% | 0.13x | 1.27x | NT$-226.31 Million |
Industry Comparison
This section compares East Tender Opto'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 |
|---|---|---|---|---|
| East Tender Opto (6588) | NT$895.65 Million | 1.57% | 0.26x | $69.33 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 |