Cystech Electronics Corp (6651) - Net Assets
Based on the latest financial reports, Cystech Electronics Corp (6651) has net assets worth NT$1.21 Billion TWD (≈ $38.00 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$1.56 Billion ≈ $49.12 Million USD) and total liabilities (NT$352.87 Million ≈ $11.12 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. Also explore 6651 current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.21 Billion |
| % of Total Assets | 77.37% |
| Annual Growth Rate | 20.55% |
| 5-Year Change | 137.85% |
| 10-Year Change | N/A |
| Growth Volatility | 23.38 |
Cystech Electronics Corp - Net Assets Trend (2017–2024)
This chart illustrates how Cystech Electronics Corp's net assets have evolved over time, based on quarterly financial data. Check 6651 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Cystech Electronics Corp (2017–2024)
The table below shows the annual net assets of Cystech Electronics Corp from 2017 to 2024. For live valuation and market cap data, see 6651 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.30 Billion ≈ $40.87 Million |
+13.10% |
| 2023-12-31 | NT$1.15 Billion ≈ $36.13 Million |
-0.86% |
| 2022-12-31 | NT$1.16 Billion ≈ $36.45 Million |
+19.76% |
| 2021-12-31 | NT$966.04 Million ≈ $30.44 Million |
+77.14% |
| 2020-12-31 | NT$545.35 Million ≈ $17.18 Million |
+20.64% |
| 2019-12-31 | NT$452.06 Million ≈ $14.24 Million |
+18.10% |
| 2018-12-31 | NT$382.79 Million ≈ $12.06 Million |
+9.22% |
| 2017-12-31 | NT$350.46 Million ≈ $11.04 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cystech Electronics 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 453.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$532.81 Million | 41.08% |
| Other Components | NT$764.29 Million | 58.92% |
| Total Equity | NT$1.30 Billion | 100.00% |
Cystech Electronics Corp Competitors by Market Cap
The table below lists competitors of Cystech Electronics Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OFX Group Ltd
AU:OFX
|
$129.78 Million |
|
AJ Networks Co Ltd
KO:095570
|
$129.80 Million |
|
Genic Co. Ltd
KQ:123330
|
$129.92 Million |
|
Song Hong Garment JSC
VN:MSH
|
$129.96 Million |
|
Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust
BK:TPRIME
|
$129.69 Million |
|
Xanadu Mines Ltd
AU:XAM
|
$129.69 Million |
|
Manulife Holdings Bhd
KLSE:1058
|
$129.69 Million |
|
Graphite One Inc
V:GPH
|
$129.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cystech Electronics Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,146,901,000 to 1,297,101,000, a change of 150,200,000 (13.1%).
- Net income of 283,378,000 contributed positively to equity growth.
- Dividend payments of 138,406,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$283.38 Million | +21.85% |
| Dividends Paid | NT$138.41 Million | -10.67% |
| Other Changes | NT$5.23 Million | +0.4% |
| Total Change | NT$- | 13.10% |
Book Value vs Market Value Analysis
This analysis compares Cystech Electronics 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: 3.17x
- 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 9.71x to 3.17x 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$12.25 | NT$119.00 | x |
| 2018-12-31 | NT$13.38 | NT$119.00 | x |
| 2019-12-31 | NT$14.89 | NT$119.00 | x |
| 2020-12-31 | NT$17.94 | NT$119.00 | x |
| 2021-12-31 | NT$28.10 | NT$119.00 | x |
| 2022-12-31 | NT$33.15 | NT$119.00 | x |
| 2023-12-31 | NT$33.16 | NT$119.00 | x |
| 2024-12-31 | NT$37.49 | NT$119.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cystech Electronics 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): 21.85%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.60%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.29x
- Recent ROE (21.85%) is above the historical average (21.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 19.45% | 8.96% | 1.04x | 2.08x | NT$33.13 Million |
| 2018 | 18.76% | 7.29% | 1.10x | 2.34x | NT$33.52 Million |
| 2019 | 20.65% | 9.24% | 1.15x | 1.94x | NT$48.13 Million |
| 2020 | 21.88% | 10.00% | 1.13x | 1.94x | NT$64.76 Million |
| 2021 | 26.19% | 15.55% | 1.11x | 1.52x | NT$156.42 Million |
| 2022 | 26.41% | 18.01% | 0.94x | 1.56x | NT$189.79 Million |
| 2023 | 16.42% | 14.01% | 0.69x | 1.70x | NT$73.67 Million |
| 2024 | 21.85% | 19.60% | 0.86x | 1.29x | NT$153.67 Million |
Industry Comparison
This section compares Cystech Electronics Corp's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $32,147,420,000
- Average return on equity (ROE) among peers: 6.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cystech Electronics Corp (6651) | NT$1.21 Billion | 19.45% | 0.29x | $129.72 Million |
| Syncmold Enterprise Corp (1582) | $5.98 Billion | 4.21% | 0.97x | $299.99 Million |
| Fulltech Fiber Glass (1815) | $6.59 Billion | -9.88% | 1.04x | $1.09 Billion |
| Delta Electronics Inc (2308) | $186.12 Billion | 14.40% | 0.96x | $134.21 Billion |
| Compeq Manufacturing Co Ltd (2313) | $17.08 Billion | 6.02% | 0.96x | $6.35 Billion |
| WUS Printed Circuit Co Ltd (2316) | $8.04 Billion | 6.35% | 0.63x | $811.70 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $44.25 Billion | 23.35% | 1.00x | $110.20 Billion |
| Yageo Corp (2327) | $31.87 Billion | 13.01% | 0.58x | $32.56 Billion |
| Pan-International Industrial Corp (2328) | $10.76 Billion | -2.25% | 0.50x | $672.01 Million |
| Chin-Poon Industrial Co Ltd (2355) | $6.64 Billion | 10.26% | 0.54x | $458.98 Million |
| Solomon Technology Corp (2359) | $4.14 Billion | 2.71% | 0.26x | $653.29 Million |
About Cystech Electronics Corp
Cystech Electronics Corp. designs, develops, manufactures, and supplies power devices for the computing, consumer electronics, communication, and industrial markets worldwide. The company offers MOSFET products; bipolar and digital transistors; DC to DC integrated circuits (IC); dual operational amplifier and voltage references, regulators, and CMOS regulators; transistor- AECQ.; and silicon carb… Read more