Galaxy Software Services Corporation
Galaxy Software Services Corporation engages in the design, development, and trading of software products in Taiwan, China, and internationally. The company provides software information consulting; and software information services. It engages in investment holding activities. Galaxy Software Services Corporation was incorporated in 1987 and is based in Taipei, Taiwan.
Galaxy Software Services Corporation (6752) - Net Assets
Latest net assets as of June 2024: NT$1.09 Billion TWD
Based on the latest financial reports, Galaxy Software Services Corporation (6752) has net assets worth NT$1.09 Billion TWD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.37 Billion) and total liabilities (NT$1.28 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$1.09 Billion |
| % of Total Assets | 46.09% |
| Annual Growth Rate | 21.8% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 15.48 |
Galaxy Software Services Corporation - Net Assets Trend (2019–2023)
This chart illustrates how Galaxy Software Services Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Galaxy Software Services Corporation (2019–2023)
The table below shows the annual net assets of Galaxy Software Services Corporation from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$1.10 Billion | +16.30% |
| 2022-12-31 | NT$941.68 Million | +14.78% |
| 2021-12-31 | NT$820.46 Million | +10.48% |
| 2020-12-31 | NT$742.62 Million | +49.25% |
| 2019-12-31 | NT$497.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Galaxy Software Services Corporation'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 244.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$468.20 Million | 43.41% |
| Common Stock | NT$327.75 Million | 30.39% |
| Other Components | NT$282.70 Million | 26.21% |
| Total Equity | NT$1.08 Billion | 100.00% |
Galaxy Software Services Corporation Competitors by Market Cap
The table below lists competitors of Galaxy Software Services Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou Goldengreen Technologies Ltd
SHE:002808
|
$86.19 Million |
|
Samhwa Paint
KO:000390
|
$86.24 Million |
|
Lifecore Biomedical Inc.
NASDAQ:LFCR
|
$86.24 Million |
|
BULLS GSYO
IS:BULGS
|
$86.25 Million |
|
Quang Viet Enterprise Co Ltd
TW:4438
|
$86.16 Million |
|
Photocure ASA
PINK:PHCUF
|
$86.14 Million |
|
Discovery Holdings Ltd
JSE:DSY
|
$86.12 Million |
|
Sanderson Design Group plc
PINK:WKGBF
|
$86.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Galaxy Software Services Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 926,138,000 to 1,078,656,000, a change of 152,518,000 (16.5%).
- Net income of 198,819,000 contributed positively to equity growth.
- Dividend payments of 78,000,000 reduced retained earnings.
- Other factors increased equity by 31,699,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$198.82 Million | +18.43% |
| Dividends Paid | NT$78.00 Million | -7.23% |
| Other Changes | NT$31.70 Million | +2.94% |
| Total Change | NT$- | 16.47% |
Book Value vs Market Value Analysis
This analysis compares Galaxy Software Services Corporation'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: 3.56x
- 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 6.52x to 3.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$18.01 | NT$117.50 | x |
| 2020-12-31 | NT$24.58 | NT$117.50 | x |
| 2021-12-31 | NT$24.69 | NT$117.50 | x |
| 2022-12-31 | NT$30.66 | NT$117.50 | x |
| 2023-12-31 | NT$33.05 | NT$117.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Galaxy Software Services Corporation 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): 18.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.50%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 2.32x
- Recent ROE (18.43%) is above the historical average (17.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 17.50% | 8.86% | 0.96x | 2.06x | NT$36.73 Million |
| 2020 | 16.25% | 10.90% | 0.82x | 1.82x | NT$45.76 Million |
| 2021 | 16.51% | 11.25% | 0.63x | 2.33x | NT$52.41 Million |
| 2022 | 18.61% | 12.07% | 0.65x | 2.37x | NT$79.70 Million |
| 2023 | 18.43% | 12.50% | 0.64x | 2.32x | NT$90.95 Million |
Industry Comparison
This section compares Galaxy Software Services Corporation's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $1,863,503,778
- Average return on equity (ROE) among peers: 7.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Galaxy Software Services Corporation (6752) | NT$1.09 Billion | 17.50% | 1.17x | $86.18 Million |
| BaaS Innovation Co., Ltd. (3555) | $560.32 Million | 7.90% | 0.16x | $59.75 Million |
| Hyweb Technology Co Ltd (5212) | $408.46 Million | 7.99% | 0.70x | $33.00 Million |
| EASYCARD Corporation (6035) | $981.05 Million | 6.15% | 12.22x | $19.91 Million |
| Egis Technology (6462) | $2.26 Billion | 26.20% | 0.60x | $245.37 Million |
| ThroughTek Co., Ltd. (6565) | $129.44 Million | -25.10% | 0.66x | $8.73 Million |
| eCloudvalley Digital Technology Co. Ltd. (6689) | $3.21 Billion | 4.79% | 0.97x | $96.30 Million |
| Acer Cyber Security Inc. (6690) | $3.14 Billion | 9.77% | 0.54x | $69.96 Million |
| 91App Inc (6741) | $3.25 Billion | 15.30% | 0.54x | $121.17 Million |
| Green World Fintech Service Co. Ltd. (6763) | $2.82 Billion | 14.06% | 1.38x | $114.92 Million |