Progate Group Corporation
Progate Group Corporation engages in the design, development, manufactures, sale, and trading of integrated circuits in Taiwan. It is also involved in intellectual property rights; wholesale of electronic materials and information software; and agency and import and export trade of various related products. The company also offers ASIC design service; ASIC mass production service; IP turnkey serv… Read more
Progate Group Corporation (8227) - Net Assets
Latest net assets as of June 2024: NT$744.57 Million TWD
Based on the latest financial reports, Progate Group Corporation (8227) has net assets worth NT$744.57 Million 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$1.09 Billion) and total liabilities (NT$342.24 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$744.57 Million |
| % of Total Assets | 68.51% |
| Annual Growth Rate | 22.41% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 51.26 |
Progate Group Corporation - Net Assets Trend (2019–2023)
This chart illustrates how Progate Group 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 Progate Group Corporation (2019–2023)
The table below shows the annual net assets of Progate Group Corporation from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$798.61 Million | +14.92% |
| 2022-12-31 | NT$694.93 Million | +114.64% |
| 2021-12-31 | NT$323.76 Million | +21.90% |
| 2020-12-31 | NT$265.60 Million | -25.32% |
| 2019-12-31 | NT$355.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Progate Group 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 20436400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$165.14 Million | 20.68% |
| Common Stock | NT$373.43 Million | 46.76% |
| Other Components | NT$260.03 Million | 32.56% |
| Total Equity | NT$798.61 Million | 100.00% |
Progate Group Corporation Competitors by Market Cap
The table below lists competitors of Progate Group Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alta Equipment Group Inc
NYSE:ALTG
|
$101.18 Million |
|
Hyperfine Inc
NASDAQ:HYPR
|
$101.23 Million |
|
Duxton Water Ltd
AU:D2O
|
$101.27 Million |
|
Qingyan Environmental Technology Co. Ltd.
SHE:301288
|
$101.29 Million |
|
ECS ICT Bhd
KLSE:5162
|
$101.16 Million |
|
Zhejiang Yingfeng Technology Co Ltd
SHG:605055
|
$101.12 Million |
|
Ovid Therapeutics Inc
NASDAQ:OVID
|
$101.12 Million |
|
CSB Bancorp Inc
PINK:CSBB
|
$101.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Progate Group Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 694,926,000 to 798,605,000, a change of 103,679,000 (14.9%).
- Net income of 160,112,000 contributed positively to equity growth.
- Dividend payments of 56,014,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$160.11 Million | +20.05% |
| Dividends Paid | NT$56.01 Million | -7.01% |
| Other Changes | NT$-419.00K | -0.05% |
| Total Change | NT$- | 14.92% |
Book Value vs Market Value Analysis
This analysis compares Progate Group 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: 5.95x
- 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 14.40x to 5.95x 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$8.82 | NT$127.00 | x |
| 2020-12-31 | NT$8.00 | NT$127.00 | x |
| 2021-12-31 | NT$9.75 | NT$127.00 | x |
| 2022-12-31 | NT$20.80 | NT$127.00 | x |
| 2023-12-31 | NT$21.36 | NT$127.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Progate Group Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.49%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.36x
- Recent ROE (20.05%) is above the historical average (9.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 9.96% | 7.75% | 1.05x | 1.22x | NT$-103.70K |
| 2020 | -9.98% | -7.04% | 0.92x | 1.54x | NT$-53.07 Million |
| 2021 | 17.96% | 10.38% | 1.08x | 1.60x | NT$25.77 Million |
| 2022 | 10.54% | 7.84% | 0.96x | 1.40x | NT$3.77 Million |
| 2023 | 20.05% | 14.49% | 1.02x | 1.36x | NT$80.25 Million |
Industry Comparison
This section compares Progate Group Corporation'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 |
|---|---|---|---|---|
| Progate Group Corporation (8227) | NT$744.57 Million | 9.96% | 0.46x | $101.16 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 |