M31 Technology Corp
M31 Technology Corporation provides silicon intellectual property (IP) design services in the integrated circuit industry. The company's products include foundation IP, such as standard cells, power managing ICs, low power optimization kits, electronics, wearable devices, mobile devices, storage devices, automotive electronics, artificial intelligence, IoT, high performance kits, and electrical c… Read more
M31 Technology Corp (6643) - Net Assets
Latest net assets as of June 2025: NT$1.80 Billion TWD
Based on the latest financial reports, M31 Technology Corp (6643) has net assets worth NT$1.80 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$2.05 Billion) and total liabilities (NT$248.51 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$1.80 Billion |
| % of Total Assets | 87.89% |
| Annual Growth Rate | 23.4% |
| 5-Year Change | 27.19% |
| 10-Year Change | 725.64% |
| Growth Volatility | 35.24 |
M31 Technology Corp - Net Assets Trend (2013–2024)
This chart illustrates how M31 Technology Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for M31 Technology Corp (2013–2024)
The table below shows the annual net assets of M31 Technology Corp from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.92 Billion | -6.97% |
| 2023-12-31 | NT$2.06 Billion | +11.07% |
| 2022-12-31 | NT$1.86 Billion | +17.29% |
| 2021-12-31 | NT$1.58 Billion | +4.94% |
| 2020-12-31 | NT$1.51 Billion | +4.68% |
| 2019-12-31 | NT$1.44 Billion | +93.47% |
| 2018-12-31 | NT$745.11 Million | +28.45% |
| 2017-12-31 | NT$580.09 Million | +21.35% |
| 2016-12-31 | NT$478.05 Million | +105.64% |
| 2015-12-31 | NT$232.46 Million | +12.17% |
| 2014-12-31 | NT$207.25 Million | +9.13% |
| 2013-12-31 | NT$189.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to M31 Technology Corp'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 55688700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$516.80 Million | 26.93% |
| Other Components | NT$1.40 Billion | 73.07% |
| Total Equity | NT$1.92 Billion | 100.00% |
M31 Technology Corp Competitors by Market Cap
The table below lists competitors of M31 Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nichols plc
PINK:NJMVF
|
$406.68 Million |
|
Shen Zhen Australis Electronic Technology Co.Ltd.
SHE:300940
|
$406.83 Million |
|
Gansu Dunhuang Seed Co Ltd
SHG:600354
|
$407.03 Million |
|
Anshan Senyuan Road Bridge
SHE:300210
|
$407.11 Million |
|
Hangzhou Bio-Sincerity Pharma-Tech Co.Ltd.
SHE:301096
|
$406.55 Million |
|
Nutex Health Inc
NASDAQ:NUTX
|
$406.28 Million |
|
Lenzing Aktiengesellschaft
PINK:LNZNF
|
$406.21 Million |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
$406.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in M31 Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,063,019,000 to 1,919,304,000, a change of -143,715,000 (-7.0%).
- Net income of 126,922,000 contributed positively to equity growth.
- Dividend payments of 278,734,000 reduced retained earnings.
- Other comprehensive income decreased equity by 285,491,000.
- Other factors increased equity by 293,588,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$126.92 Million | +6.61% |
| Dividends Paid | NT$278.73 Million | -14.52% |
| Other Comprehensive Income | NT$-285.49 Million | -14.87% |
| Other Changes | NT$293.59 Million | +15.3% |
| Total Change | NT$- | -6.97% |
Book Value vs Market Value Analysis
This analysis compares M31 Technology Corp'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: 10.20x
- 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 57.19x to 10.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | NT$8.19 | NT$468.50 | x |
| 2015-12-31 | NT$9.18 | NT$468.50 | x |
| 2016-12-31 | NT$18.10 | NT$468.50 | x |
| 2017-12-31 | NT$18.41 | NT$468.50 | x |
| 2018-12-31 | NT$23.64 | NT$468.50 | x |
| 2019-12-31 | NT$42.02 | NT$468.50 | x |
| 2020-12-31 | NT$44.00 | NT$468.50 | x |
| 2021-12-31 | NT$46.20 | NT$468.50 | x |
| 2022-12-31 | NT$53.77 | NT$468.50 | x |
| 2023-12-31 | NT$59.21 | NT$468.50 | x |
| 2024-12-31 | NT$45.91 | NT$468.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently M31 Technology Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.57%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.12x
- Recent ROE (6.61%) is below the historical average (20.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 8.10% | 8.10% | 0.84x | 1.19x | NT$-3.93 Million |
| 2015 | 10.34% | 8.63% | 0.83x | 1.44x | NT$786.70K |
| 2016 | 31.45% | 30.00% | 0.76x | 1.38x | NT$102.52 Million |
| 2017 | 32.11% | 29.41% | 0.80x | 1.36x | NT$128.28 Million |
| 2018 | 37.57% | 36.66% | 0.80x | 1.29x | NT$205.40 Million |
| 2019 | 21.40% | 35.50% | 0.54x | 1.11x | NT$164.41 Million |
| 2020 | 21.35% | 32.85% | 0.56x | 1.16x | NT$171.34 Million |
| 2021 | 15.95% | 24.97% | 0.52x | 1.22x | NT$94.28 Million |
| 2022 | 20.42% | 27.88% | 0.57x | 1.27x | NT$193.51 Million |
| 2023 | 21.09% | 26.99% | 0.67x | 1.16x | NT$228.87 Million |
| 2024 | 6.61% | 8.57% | 0.69x | 1.12x | NT$-65.01 Million |
Industry Comparison
This section compares M31 Technology Corp'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 |
|---|---|---|---|---|
| M31 Technology Corp (6643) | NT$1.80 Billion | 8.10% | 0.14x | $406.59 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 |