IBASE Technology (8050) - Net Assets
Based on the latest financial reports, IBASE Technology (8050) has net assets worth NT$7.76 Billion TWD (≈ $244.48 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$12.14 Billion ≈ $382.37 Million USD) and total liabilities (NT$4.38 Billion ≈ $137.89 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. Check 8050 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$7.76 Billion |
| % of Total Assets | 63.94% |
| Annual Growth Rate | 14.38% |
| 5-Year Change | 46.27% |
| 10-Year Change | N/A |
| Growth Volatility | 22.0 |
IBASE Technology - Net Assets Trend (2017–2024)
This chart illustrates how IBASE Technology's net assets have evolved over time, based on quarterly financial data. Also explore 8050 total assets for the complete picture of this company's asset base.
Annual Net Assets for IBASE Technology (2017–2024)
The table below shows the annual net assets of IBASE Technology from 2017 to 2024. For live valuation and market cap data, see IBASE Technology market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.60 Billion ≈ $271.07 Million |
-0.29% |
| 2023-12-31 | NT$8.63 Billion ≈ $271.85 Million |
+16.47% |
| 2022-12-31 | NT$7.41 Billion ≈ $233.40 Million |
+27.37% |
| 2021-12-31 | NT$5.82 Billion ≈ $183.24 Million |
-1.13% |
| 2020-12-31 | NT$5.88 Billion ≈ $185.33 Million |
+10.16% |
| 2019-12-31 | NT$5.34 Billion ≈ $168.23 Million |
-3.05% |
| 2018-12-31 | NT$5.51 Billion ≈ $173.53 Million |
+64.00% |
| 2017-12-31 | NT$3.36 Billion ≈ $105.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to IBASE Technology'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 9.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.85 Billion | 24.09% |
| Other Components | NT$5.82 Billion | 75.91% |
| Total Equity | NT$7.66 Billion | 100.00% |
IBASE Technology Competitors by Market Cap
The table below lists competitors of IBASE Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Healthco Healthcare and Wellness REIT
AU:HCW
|
$260.82 Million |
|
Brinova Fastigheter AB (publ)
ST:BRIN-B
|
$260.83 Million |
|
Bera Holding AS
IS:BERA
|
$260.90 Million |
|
TQM CORPORATION
BK:TQM-R
|
$260.95 Million |
|
Compañía Industrial El Volcán S.A
SN:VOLCAN
|
$260.65 Million |
|
Taita Chemical Co Ltd
TW:1309
|
$260.54 Million |
|
Able C&C
KO:078520
|
$260.54 Million |
|
Aten International Co Ltd
TW:6277
|
$260.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IBASE Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,608,827,000 to 7,662,975,000, a change of 54,148,000 (0.7%).
- Net income of 588,282,000 contributed positively to equity growth.
- Dividend payments of 629,824,000 reduced retained earnings.
- New share issuances of 25,711,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$588.28 Million | +7.68% |
| Dividends Paid | NT$629.82 Million | -8.22% |
| Share Issuances | NT$25.71 Million | +0.34% |
| Other Changes | NT$69.98 Million | +0.91% |
| Total Change | NT$- | 0.71% |
Book Value vs Market Value Analysis
This analysis compares IBASE Technology'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: 1.07x
- 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 1.69x to 1.07x 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$24.61 | NT$41.55 | x |
| 2018-12-31 | NT$29.30 | NT$41.55 | x |
| 2019-12-31 | NT$28.68 | NT$41.55 | x |
| 2020-12-31 | NT$29.40 | NT$41.55 | x |
| 2021-12-31 | NT$28.13 | NT$41.55 | x |
| 2022-12-31 | NT$35.94 | NT$41.55 | x |
| 2023-12-31 | NT$38.58 | NT$41.55 | x |
| 2024-12-31 | NT$38.69 | NT$41.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IBASE Technology 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): 7.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.36%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.74x
- Recent ROE (7.68%) is below the historical average (8.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 10.47% | 6.83% | 0.95x | 1.62x | NT$13.76 Million |
| 2018 | 6.01% | 7.82% | 0.54x | 1.42x | NT$-203.77 Million |
| 2019 | 5.12% | 6.65% | 0.49x | 1.56x | NT$-243.26 Million |
| 2020 | 1.75% | 2.05% | 0.43x | 1.98x | NT$-416.93 Million |
| 2021 | 6.46% | 5.48% | 0.54x | 2.18x | NT$-171.01 Million |
| 2022 | 17.08% | 16.75% | 0.55x | 1.87x | NT$470.41 Million |
| 2023 | 9.41% | 11.94% | 0.44x | 1.78x | NT$-44.99 Million |
| 2024 | 7.68% | 11.36% | 0.39x | 1.74x | NT$-178.02 Million |
Industry Comparison
This section compares IBASE Technology's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $37,332,807,700
- Average return on equity (ROE) among peers: -1.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IBASE Technology (8050) | NT$7.76 Billion | 10.47% | 0.56x | $260.73 Million |
| Solytech Enterprise Corp (1471) | $1.00 Billion | -31.82% | 0.68x | $53.55 Million |
| Lite-On Technology Corp (2301) | $79.28 Billion | 11.88% | 1.66x | $11.87 Billion |
| Microtek International Inc (2305) | $2.23 Billion | -0.87% | 0.17x | $100.28 Million |
| Kinpo Electronics Inc (2312) | $14.67 Billion | 10.08% | 0.70x | $1.31 Billion |
| CMC Magnetics Corp (2323) | $33.57 Billion | -1.91% | 0.45x | $348.35 Million |
| Compal Electronics Inc (2324) | $115.99 Billion | 8.07% | 3.03x | $3.98 Billion |
| Elitegroup Computer Systems Co Ltd (2331) | $11.02 Billion | 0.42% | 1.12x | $360.88 Million |
| Ritek Corp (2349) | $9.39 Billion | -2.63% | 0.94x | $272.09 Million |
| Qisda Corp (2352) | $31.13 Billion | -5.81% | 2.57x | $975.88 Million |
| Acer Inc (2353) | $75.03 Billion | -3.88% | 2.02x | $2.61 Billion |
About IBASE Technology
IBASE Technology Inc. designs, manufactures, packages, tests, and sells industrial PCs in Taiwan and internationally. The company offers x86- and RISC-based industrial motherboards, single board computers, embedded fanless systems, edge computers, panel PCs, digital signage players, and network appliances for applications in the AIoT, industrial automation, smart retail, intelligent transportatio… Read more