Kuang Hong Arts Management (6596) - Net Assets
Based on the latest financial reports, Kuang Hong Arts Management (6596) has net assets worth NT$1.61 Billion TWD (≈ $50.82 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.58 Billion ≈ $81.37 Million USD) and total liabilities (NT$969.97 Million ≈ $30.56 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 tangible net worth ratio of Kuang Hong Arts Management to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.61 Billion |
| % of Total Assets | 62.45% |
| Annual Growth Rate | 15.02% |
| 5-Year Change | 59.58% |
| 10-Year Change | N/A |
| Growth Volatility | 26.67 |
Kuang Hong Arts Management - Net Assets Trend (2017–2024)
This chart illustrates how Kuang Hong Arts Management's net assets have evolved over time, based on quarterly financial data. See 6596 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kuang Hong Arts Management (2017–2024)
The table below shows the annual net assets of Kuang Hong Arts Management from 2017 to 2024. For live valuation and market cap data, see Kuang Hong Arts Management stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.22 Billion ≈ $38.31 Million |
+45.91% |
| 2023-12-31 | NT$833.41 Million ≈ $26.26 Million |
+54.50% |
| 2022-12-31 | NT$539.42 Million ≈ $16.99 Million |
+0.29% |
| 2021-12-31 | NT$537.86 Million ≈ $16.95 Million |
-29.42% |
| 2020-12-31 | NT$762.02 Million ≈ $24.01 Million |
+7.62% |
| 2019-12-31 | NT$708.10 Million ≈ $22.31 Million |
+32.05% |
| 2018-12-31 | NT$536.21 Million ≈ $16.89 Million |
+17.47% |
| 2017-12-31 | NT$456.46 Million ≈ $14.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kuang Hong Arts Management'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 147.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$239.96 Million | 19.73% |
| Other Components | NT$976.11 Million | 80.27% |
| Total Equity | NT$1.22 Billion | 100.00% |
Kuang Hong Arts Management Competitors by Market Cap
The table below lists competitors of Kuang Hong Arts Management ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BHMINESLTD FPO [BHM]
AU:BHM
|
$110.26 Million |
|
Pang Rim Spinn
KO:003610
|
$110.29 Million |
|
Clarus Corp
NASDAQ:CLAR
|
$110.33 Million |
|
AS HARJU ELEKTER EO 063
F:HD8
|
$110.33 Million |
|
GSD Holding AS
IS:GSDHO
|
$110.26 Million |
|
An Phat Plastic and Green Environment JSC
VN:AAA
|
$110.25 Million |
|
Poh Kong Holdings Bhd
KLSE:5080
|
$110.24 Million |
|
Global Mediacom Tbk
JK:BMTR
|
$110.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kuang Hong Arts Management's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 833,415,000 to 1,216,062,000, a change of 382,647,000 (45.9%).
- Net income of 208,529,000 contributed positively to equity growth.
- Dividend payments of 174,900,000 reduced retained earnings.
- New share issuances of 348,661,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$208.53 Million | +17.15% |
| Dividends Paid | NT$174.90 Million | -14.38% |
| Share Issuances | NT$348.66 Million | +28.67% |
| Other Changes | NT$357.00K | +0.03% |
| Total Change | NT$- | 45.91% |
Book Value vs Market Value Analysis
This analysis compares Kuang Hong Arts Management'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: 2.88x
- 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 5.13x to 2.88x 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$17.95 | NT$92.10 | x |
| 2018-12-31 | NT$19.16 | NT$92.10 | x |
| 2019-12-31 | NT$25.30 | NT$92.10 | x |
| 2020-12-31 | NT$26.01 | NT$92.10 | x |
| 2021-12-31 | NT$17.65 | NT$92.10 | x |
| 2022-12-31 | NT$17.98 | NT$92.10 | x |
| 2023-12-31 | NT$27.50 | NT$92.10 | x |
| 2024-12-31 | NT$32.00 | NT$92.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kuang Hong Arts Management 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): 17.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.06%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.65x
- Recent ROE (17.15%) is above the historical average (11.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 18.73% | 9.81% | 1.20x | 1.59x | NT$39.87 Million |
| 2018 | 5.85% | 2.71% | 0.98x | 2.20x | NT$-22.23 Million |
| 2019 | 31.58% | 13.87% | 1.53x | 1.49x | NT$152.79 Million |
| 2020 | 11.39% | 8.91% | 0.86x | 1.49x | NT$10.56 Million |
| 2021 | -15.93% | -28.36% | 0.32x | 1.74x | NT$-139.45 Million |
| 2022 | 0.29% | 0.12% | 1.57x | 1.52x | NT$-52.36 Million |
| 2023 | 21.55% | 13.36% | 0.87x | 1.86x | NT$96.23 Million |
| 2024 | 17.15% | 12.06% | 0.86x | 1.65x | NT$86.92 Million |
Industry Comparison
This section compares Kuang Hong Arts Management's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $2,128,951,333
- Average return on equity (ROE) among peers: 6.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kuang Hong Arts Management (6596) | NT$1.61 Billion | 18.73% | 0.60x | $110.26 Million |
| Deltamac Taiwan Co Ltd (6144) | $386.44 Million | 0.63% | 0.21x | $17.67 Million |
| Dafeng TV Ltd (6184) | $5.93 Billion | 6.94% | 0.55x | $210.28 Million |
| Taiwan Optical Platform Co Ltd (6464) | $3.42 Billion | 27.97% | 1.52x | $315.66 Million |
| B’IN Live Co Ltd (6625) | $576.33 Million | -16.12% | 0.78x | $141.18 Million |
| HIM International Music (8446) | $1.33 Billion | 40.72% | 0.96x | $144.87 Million |
| Pili International Multimedia Co Ltd (8450) | $1.14 Billion | -20.75% | 0.59x | $24.57 Million |
About Kuang Hong Arts Management
Kuang Hong Arts Management Incorporation organizes and co-organizes various music and dance activities in Taiwan. It also produces and promotes live concerts, exhibitions, drama, theatre, and sport activities. The company was formerly known as Yucai International Marketing Co., Ltd. and changed its name to Kuang Hong Arts Management Incorporation in July 2014. Kuang Hong Arts Management Incorpora… Read more