Comtrend Corp (8089) - Net Assets
Based on the latest financial reports, Comtrend Corp (8089) has net assets worth NT$1.21 Billion TWD (≈ $38.10 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$1.75 Billion ≈ $55.18 Million USD) and total liabilities (NT$542.26 Million ≈ $17.08 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 8089 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.21 Billion |
| % of Total Assets | 69.04% |
| Annual Growth Rate | 14.35% |
| 5-Year Change | 2.1% |
| 10-Year Change | N/A |
| Growth Volatility | 32.25 |
Comtrend Corp - Net Assets Trend (2017–2024)
This chart illustrates how Comtrend Corp's net assets have evolved over time, based on quarterly financial data. Also explore Comtrend Corp (8089) total assets for the complete picture of this company's asset base.
Annual Net Assets for Comtrend Corp (2017–2024)
The table below shows the annual net assets of Comtrend Corp from 2017 to 2024. For live valuation and market cap data, see Comtrend Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.43 Billion ≈ $45.00 Million |
+61.51% |
| 2023-12-31 | NT$884.43 Million ≈ $27.86 Million |
-29.77% |
| 2022-12-31 | NT$1.26 Billion ≈ $39.67 Million |
-0.32% |
| 2021-12-31 | NT$1.26 Billion ≈ $39.80 Million |
-9.71% |
| 2020-12-31 | NT$1.40 Billion ≈ $44.08 Million |
+52.38% |
| 2019-12-31 | NT$918.15 Million ≈ $28.93 Million |
+12.44% |
| 2018-12-31 | NT$816.58 Million ≈ $25.73 Million |
+46.19% |
| 2017-12-31 | NT$558.58 Million ≈ $17.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Comtrend 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 412.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$486.83 Million | 34.08% |
| Other Components | NT$941.64 Million | 65.92% |
| Total Equity | NT$1.43 Billion | 100.00% |
Comtrend Corp Competitors by Market Cap
The table below lists competitors of Comtrend Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thomas Scott (India) Limited
NSE:THOMASCOTT
|
$41.76 Million |
|
Routon Electronic Co Ltd
SHG:600355
|
$41.76 Million |
|
Seoul Food
KO:004410
|
$41.78 Million |
|
Juic International
TWO:6114
|
$41.78 Million |
|
P&H Tech Co. Ltd.
KQ:239890
|
$41.68 Million |
|
Batavia Prosperindo Finance
JK:BPFI
|
$41.68 Million |
|
FOODWELL Co. Ltd
KQ:005670
|
$41.66 Million |
|
SDN Company. Ltd
KQ:099220
|
$41.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Comtrend Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 884,433,000 to 1,428,476,000, a change of 544,043,000 (61.5%).
- Net income of 486,153,000 contributed positively to equity growth.
- Other factors increased equity by 57,890,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$486.15 Million | +34.03% |
| Other Changes | NT$57.89 Million | +4.05% |
| Total Change | NT$- | 61.51% |
Book Value vs Market Value Analysis
This analysis compares Comtrend 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: 0.93x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.75x to 0.93x 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$11.49 | NT$20.05 | x |
| 2018-12-31 | NT$16.79 | NT$20.05 | x |
| 2019-12-31 | NT$18.88 | NT$20.05 | x |
| 2020-12-31 | NT$25.99 | NT$20.05 | x |
| 2021-12-31 | NT$22.13 | NT$20.05 | x |
| 2022-12-31 | NT$21.61 | NT$20.05 | x |
| 2023-12-31 | NT$15.08 | NT$20.05 | x |
| 2024-12-31 | NT$21.64 | NT$20.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Comtrend 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): 34.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.32%
- • Asset Turnover: 1.71x
- • Equity Multiplier: 1.62x
- Recent ROE (34.03%) is above the historical average (9.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 14.68% | 4.17% | 1.72x | 2.04x | NT$26.13 Million |
| 2018 | 32.79% | 7.32% | 2.05x | 2.18x | NT$186.10 Million |
| 2019 | 17.42% | 6.53% | 1.50x | 1.77x | NT$68.12 Million |
| 2020 | 14.54% | 7.78% | 1.25x | 1.50x | NT$63.57 Million |
| 2021 | -2.07% | -1.57% | 0.93x | 1.41x | NT$-152.43 Million |
| 2022 | 0.74% | 0.48% | 1.07x | 1.42x | NT$-116.66 Million |
| 2023 | -39.10% | -38.91% | 0.52x | 1.94x | NT$-434.27 Million |
| 2024 | 34.03% | 12.32% | 1.71x | 1.62x | NT$343.31 Million |
Industry Comparison
This section compares Comtrend Corp's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $3,545,987,700
- Average return on equity (ROE) among peers: 5.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Comtrend Corp (8089) | NT$1.21 Billion | 14.68% | 0.45x | $41.69 Million |
| Microelectronics Technology Inc (2314) | $5.20 Billion | 8.15% | 0.60x | $47.14 Million |
| Tecom Co Ltd (2321) | $547.52 Million | 8.67% | 4.30x | $12.46 Million |
| D-Link Corp (2332) | $8.93 Billion | -4.95% | 0.76x | $260.42 Million |
| Accton Technology Corp (2345) | $7.06 Billion | 14.25% | 0.92x | $40.15 Billion |
| Hitron Technologies Inc (2419) | $3.48 Billion | 4.27% | 1.04x | $306.23 Million |
| Abocom Systems Inc (2444) | $1.36 Billion | 7.88% | 0.70x | $42.72 Million |
| Zinwell Corporation (2485) | $2.25 Billion | 6.82% | 0.17x | $587.53 Million |
| Loop Telecommunication International Inc (3025) | $787.95 Million | -5.56% | 0.24x | $107.43 Million |
| Edimax Technology Co Ltd (3047) | $2.49 Billion | 3.33% | 1.52x | $102.61 Million |
| CyberTAN Technology Inc (3062) | $3.36 Billion | 9.59% | 1.88x | $257.39 Million |
About Comtrend Corp
Comtrend Corporation engages in the research, manufacture, marketing, and maintenance of broadband communication equipment Taiwan, the United States, Europe, and internationally. It offers cable and wireless transmission equipment, multiplexers, digital subscriber lines and loop carrier systems, synchronous optical network equipment, and synchronous cable accessories. The company also offers exte… Read more