91App Inc
91APP, Inc., a Software-as-a-Service company, provides retail software cloud and e-commerce value-added services in Taiwan, Hong Kong, and Malaysia. It offers eCom + App Premium, a solution to improve the growth of online store performance; and OMO Essential, OMO advanced, and OMO enterprise solutions. The company also provides 360 TP Operation, a digital agency for brand management activities, s… Read more
91App Inc (6741) - Net Assets
Latest net assets as of September 2025: NT$3.00 Billion TWD
Based on the latest financial reports, 91App Inc (6741) has net assets worth NT$3.00 Billion 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$4.44 Billion) and total liabilities (NT$1.44 Billion). 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$3.00 Billion |
| % of Total Assets | 67.56% |
| Annual Growth Rate | 33.96% |
| 5-Year Change | 280.86% |
| 10-Year Change | N/A |
| Growth Volatility | 83.46 |
91App Inc - Net Assets Trend (2018–2024)
This chart illustrates how 91App Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for 91App Inc (2018–2024)
The table below shows the annual net assets of 91App Inc from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.25 Billion | +15.67% |
| 2023-12-31 | NT$2.81 Billion | +12.12% |
| 2022-12-31 | NT$2.51 Billion | +4.05% |
| 2021-12-31 | NT$2.41 Billion | +182.27% |
| 2020-12-31 | NT$854.49 Million | -40.93% |
| 2019-12-31 | NT$1.45 Billion | +157.04% |
| 2018-12-31 | NT$562.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to 91App Inc'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 154886200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.49 Billion | 45.77% |
| Other Components | NT$1.76 Billion | 54.23% |
| Total Equity | NT$3.25 Billion | 100.00% |
91App Inc Competitors by Market Cap
The table below lists competitors of 91App Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CHC Healthcare Group
TW:4164
|
$125.84 Million |
|
i-SENS Inc
KQ:099190
|
$125.86 Million |
|
Daqing Huake Co Ltd
SHE:000985
|
$125.91 Million |
|
China Aircraft Leasing Group Holdings Limited
PINK:CFRLF
|
$125.92 Million |
|
CAC Holdings Corporation
F:CB4
|
$125.82 Million |
|
Salmon Evolution Holding AS
OL:SALME
|
$125.75 Million |
|
Copperbank Resources Corp
OTCQX:CPPKF
|
$125.70 Million |
|
Berkeley Energia Ltd
AU:BKY
|
$125.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 91App Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,807,091,000 to 3,247,831,000, a change of 440,740,000 (15.7%).
- Net income of 497,810,000 contributed positively to equity growth.
- Dividend payments of 112,174,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,400,145,000.
- Other factors increased equity by 1,455,249,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$497.81 Million | +15.33% |
| Dividends Paid | NT$112.17 Million | -3.45% |
| Other Comprehensive Income | NT$-1.40 Billion | -43.11% |
| Other Changes | NT$1.46 Billion | +44.81% |
| Total Change | NT$- | 15.70% |
Book Value vs Market Value Analysis
This analysis compares 91App Inc'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: 2.26x
- 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 13.33x to 2.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | NT$4.67 | NT$62.20 | x |
| 2019-12-31 | NT$6.08 | NT$62.20 | x |
| 2020-12-31 | NT$7.87 | NT$62.20 | x |
| 2021-12-31 | NT$20.84 | NT$62.20 | x |
| 2022-12-31 | NT$20.98 | NT$62.20 | x |
| 2023-12-31 | NT$23.75 | NT$62.20 | x |
| 2024-12-31 | NT$27.51 | NT$62.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 91App Inc 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): 15.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.74%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.55x
- Recent ROE (15.33%) is below the historical average (15.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 13.12% | 13.89% | 0.33x | 2.83x | NT$17.55 Million |
| 2019 | 15.69% | 15.40% | 0.46x | 2.20x | NT$37.38 Million |
| 2020 | 24.27% | 23.56% | 0.48x | 2.14x | NT$121.23 Million |
| 2021 | 12.40% | 27.11% | 0.26x | 1.74x | NT$57.70 Million |
| 2022 | 13.50% | 26.76% | 0.32x | 1.58x | NT$87.55 Million |
| 2023 | 14.19% | 28.67% | 0.33x | 1.51x | NT$117.53 Million |
| 2024 | 15.33% | 30.74% | 0.32x | 1.55x | NT$173.03 Million |
Industry Comparison
This section compares 91App Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $1,593,061,778
- Average return on equity (ROE) among peers: 7.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 91App Inc (6741) | NT$3.00 Billion | 13.12% | 0.48x | $125.83 Million |
| BaaS Innovation Co., Ltd. (3555) | $560.32 Million | 7.90% | 0.16x | $75.43 Million |
| Hyweb Technology Co Ltd (5212) | $408.46 Million | 7.99% | 0.70x | $33.86 Million |
| EASYCARD Corporation (6035) | $981.05 Million | 6.15% | 12.22x | $20.22 Million |
| Egis Technology (6462) | $2.26 Billion | 26.20% | 0.60x | $249.01 Million |
| ThroughTek Co., Ltd. (6565) | $129.44 Million | -25.10% | 0.66x | $8.33 Million |
| eCloudvalley Digital Technology Co. Ltd. (6689) | $3.21 Billion | 4.79% | 0.97x | $105.85 Million |
| Acer Cyber Security Inc. (6690) | $3.14 Billion | 9.77% | 0.54x | $71.00 Million |
| Galaxy Software Services Corporation (6752) | $820.46 Million | 16.20% | 1.28x | $87.65 Million |
| Green World Fintech Service Co. Ltd. (6763) | $2.82 Billion | 14.06% | 1.38x | $115.84 Million |