iSTART-TEK INC.
iSTART-TEK INC. provides memory testing and repairing solutions worldwide. The company offers EZ-BIST, a tool for memory test circuit development environment; START, a memory testing and repairing circuit development environment; EZ-TEC that allow users to reconstruct the architecture of any memory testing algorithm through element reorganization; EZ-Safety for automotive electronic chips; EZ-Mon… Read more
iSTART-TEK INC. (6786) - Net Assets
Latest net assets as of June 2025: NT$147.10 Million TWD
Based on the latest financial reports, iSTART-TEK INC. (6786) has net assets worth NT$147.10 Million 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$178.75 Million) and total liabilities (NT$31.65 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$147.10 Million |
| % of Total Assets | 82.29% |
| Annual Growth Rate | 8.08% |
| 5-Year Change | -30.41% |
| 10-Year Change | N/A |
| Growth Volatility | 51.71 |
iSTART-TEK INC. - Net Assets Trend (2019–2024)
This chart illustrates how iSTART-TEK 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 iSTART-TEK INC. (2019–2024)
The table below shows the annual net assets of iSTART-TEK INC. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$185.08 Million | -29.64% |
| 2023-12-31 | NT$263.04 Million | -13.04% |
| 2022-12-31 | NT$302.50 Million | +33.41% |
| 2021-12-31 | NT$226.74 Million | -14.75% |
| 2020-12-31 | NT$265.96 Million | +111.95% |
| 2019-12-31 | NT$125.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to iSTART-TEK 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 3542800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$254.17 Million | 137.33% |
| Other Comprehensive Income | NT$9.18 Million | 4.96% |
| Other Components | NT$994.00K | 0.54% |
| Total Equity | NT$185.08 Million | 100.00% |
iSTART-TEK INC. Competitors by Market Cap
The table below lists competitors of iSTART-TEK INC. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agronomics Limited
PINK:AGNMF
|
$57.14 Million |
|
Potomac Bancshares Inc
PINK:PTBS
|
$57.14 Million |
|
An Phat Plastic and Green Environment JSC
VN:AAA
|
$57.15 Million |
|
Hiap Teck Venture Bhd
KLSE:5072
|
$57.18 Million |
|
FIT INVEST JSC
VN:FIT
|
$57.13 Million |
|
RF Acquisition Corp II Unit
NASDAQ:RFAIU
|
$57.11 Million |
|
Forward Electronics Co., Ltd.
TWO:8085
|
$57.10 Million |
|
VEEMF
PINK:VEEMF
|
$57.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in iSTART-TEK INC.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 263,042,000 to 185,082,000, a change of -77,960,000 (-29.6%).
- Net loss of 79,259,000 reduced equity.
- Other comprehensive income increased equity by 9,456,000.
- Other factors decreased equity by 8,157,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-79.26 Million | -42.82% |
| Other Comprehensive Income | NT$9.46 Million | +5.11% |
| Other Changes | NT$-8.16 Million | -4.41% |
| Total Change | NT$- | -29.64% |
Book Value vs Market Value Analysis
This analysis compares iSTART-TEK 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: 10.77x
- 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 13.49x to 10.77x 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$5.83 | NT$78.70 | x |
| 2020-12-31 | NT$13.08 | NT$78.70 | x |
| 2021-12-31 | NT$9.82 | NT$78.70 | x |
| 2022-12-31 | NT$12.58 | NT$78.70 | x |
| 2023-12-31 | NT$10.46 | NT$78.70 | x |
| 2024-12-31 | NT$7.31 | NT$78.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently iSTART-TEK INC. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -42.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -326.53%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.20x
- Recent ROE (-42.82%) is below the historical average (-21.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -22.47% | -239.11% | 0.09x | 1.06x | NT$-38.53 Million |
| 2020 | -4.05% | -26.99% | 0.14x | 1.06x | NT$-37.38 Million |
| 2021 | -18.14% | -404.87% | 0.04x | 1.07x | NT$-63.80 Million |
| 2022 | -14.53% | -181.20% | 0.08x | 1.05x | NT$-74.21 Million |
| 2023 | -25.44% | -186.30% | 0.13x | 1.08x | NT$-93.21 Million |
| 2024 | -42.82% | -326.53% | 0.11x | 1.20x | NT$-97.77 Million |
Industry Comparison
This section compares iSTART-TEK INC.'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 |
|---|---|---|---|---|
| iSTART-TEK INC. (6786) | NT$147.10 Million | -22.47% | 0.22x | $57.14 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 |