Launch Technologies Co Ltd
Launch Technologies Co., Ltd. manufactures and sells golf balls in Taiwan, rest of Asia, the United States, and internationally. The company provides one- and two-layer solid golf balls, three-layer double-center golf balls, multi-layer structure golf balls, high-end game balls, and other products. Launch Technologies Co., Ltd. was founded in 2006 and is headquartered in Pingtung, Taiwan. Launch … Read more
Launch Technologies Co Ltd (8420) - Net Assets
Latest net assets as of September 2024: NT$896.05 Million TWD
Based on the latest financial reports, Launch Technologies Co Ltd (8420) has net assets worth NT$896.05 Million TWD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.67 Billion) and total liabilities (NT$769.88 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$896.05 Million |
| % of Total Assets | 53.79% |
| Annual Growth Rate | 3.01% |
| 5-Year Change | -26.6% |
| 10-Year Change | 2.27% |
| Growth Volatility | 23.21 |
Launch Technologies Co Ltd - Net Assets Trend (2011–2023)
This chart illustrates how Launch Technologies Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Launch Technologies Co Ltd (2011–2023)
The table below shows the annual net assets of Launch Technologies Co Ltd from 2011 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | NT$673.64 Million | -58.59% |
| 2022-12-31 | NT$1.63 Billion | +44.87% |
| 2021-12-31 | NT$1.12 Billion | +21.15% |
| 2020-12-31 | NT$927.00 Million | +1.00% |
| 2019-12-31 | NT$917.82 Million | +10.63% |
| 2018-12-31 | NT$829.61 Million | +7.13% |
| 2017-12-31 | NT$774.38 Million | -6.23% |
| 2016-12-31 | NT$825.80 Million | +6.37% |
| 2015-12-31 | NT$776.34 Million | +17.86% |
| 2014-12-31 | NT$658.72 Million | +17.93% |
| 2013-12-31 | NT$558.58 Million | +14.49% |
| 2012-12-31 | NT$487.89 Million | +3.44% |
| 2011-12-31 | NT$471.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Launch Technologies Co Ltd'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 decreased by 39360500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$552.20 Million | 81.97% |
| Other Components | NT$515.05 Million | 76.46% |
| Total Equity | NT$673.64 Million | 100.00% |
Launch Technologies Co Ltd Competitors by Market Cap
The table below lists competitors of Launch Technologies Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lytix Biopharma AS
OL:LYTIX
|
$32.31 Million |
|
Bitech Technologies Corporation
OTCQB:BTTC
|
$32.32 Million |
|
Samyang Packaging
KO:272550
|
$32.33 Million |
|
Daejung Chemicals & Metals Co.Ltd
KQ:120240
|
$32.33 Million |
|
reAlpha Tech Corp. Common Stock
NASDAQ:AIRE
|
$32.30 Million |
|
FGV Holdings Bhd
KLSE:5222
|
$32.29 Million |
|
Vertoz Advertising Limited
NSE:VERTOZ
|
$32.29 Million |
|
ONDINE BIOMEDICAL INC.CDI
F:VF5
|
$32.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Launch Technologies Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,626,912,000 to 673,641,000, a change of -953,271,000 (-58.6%).
- Net loss of 930,148,000 reduced equity.
- Dividend payments of 311,169,000 reduced retained earnings.
- Other factors increased equity by 288,046,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-930.15 Million | -138.08% |
| Dividends Paid | NT$311.17 Million | -46.19% |
| Other Changes | NT$288.05 Million | +42.76% |
| Total Change | NT$- | -58.59% |
Book Value vs Market Value Analysis
This analysis compares Launch Technologies Co Ltd'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: 3.22x
- 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 increased from 2.67x to 3.22x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$15.19 | NT$40.60 | x |
| 2018-12-31 | NT$16.27 | NT$40.60 | x |
| 2019-12-31 | NT$18.00 | NT$40.60 | x |
| 2020-12-31 | NT$18.09 | NT$40.60 | x |
| 2021-12-31 | NT$21.76 | NT$40.60 | x |
| 2022-12-31 | NT$30.50 | NT$40.60 | x |
| 2023-12-31 | NT$12.60 | NT$40.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Launch Technologies Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -138.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -33.08%
- • Asset Turnover: 1.40x
- • Equity Multiplier: 2.97x
- Recent ROE (-138.08%) is below the historical average (0.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 3.20% | 1.38% | 1.01x | 2.30x | NT$-33.18 Million |
| 2013 | 12.39% | 5.66% | 1.17x | 1.87x | NT$13.35 Million |
| 2014 | 3.53% | 2.12% | 1.17x | 1.43x | NT$-42.60 Million |
| 2015 | 16.16% | 9.85% | 1.35x | 1.22x | NT$47.80 Million |
| 2016 | 13.34% | 8.06% | 1.33x | 1.24x | NT$27.62 Million |
| 2017 | 1.26% | 0.66% | 1.45x | 1.31x | NT$-67.67 Million |
| 2018 | 9.73% | 5.11% | 1.26x | 1.51x | NT$-2.23 Million |
| 2019 | 14.06% | 7.12% | 1.15x | 1.72x | NT$37.22 Million |
| 2020 | 8.14% | 4.76% | 0.83x | 2.05x | NT$-17.23 Million |
| 2021 | 21.09% | 9.08% | 1.19x | 1.95x | NT$124.53 Million |
| 2022 | 36.19% | 16.36% | 1.11x | 1.99x | NT$426.04 Million |
| 2023 | -138.08% | -33.08% | 1.40x | 2.97x | NT$-997.51 Million |
Industry Comparison
This section compares Launch Technologies Co Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $2,711,263,600
- Average return on equity (ROE) among peers: -0.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Launch Technologies Co Ltd (8420) | NT$896.05 Million | 3.20% | 0.86x | $32.31 Million |
| Trk Corp (1432) | $469.66 Million | -24.18% | 3.77x | $34.47 Million |
| Rexon Industrial Corp Ltd (1515) | $2.33 Billion | 4.56% | 1.33x | $101.55 Million |
| Sun Race Sturmey-Archer Inc (1526) | $654.76 Million | 0.00% | 1.33x | $22.79 Million |
| Chi Hua Fitness Co Ltd (1593) | $876.47 Million | 13.62% | 0.20x | $29.76 Million |
| Dyaco International Inc (1598) | $4.06 Billion | -2.33% | 1.94x | $63.34 Million |
| Johnson Health Tech Co Ltd (1736) | $9.38 Billion | 1.06% | 2.76x | $347.60 Million |
| World Fitness Services Ltd (2762) | $2.90 Billion | 1.10% | 5.19x | $22.31K |
| Topkey Corp (4536) | $2.93 Billion | 17.26% | 1.06x | $305.91 Million |
| Brogent Technologies (5263) | $2.90 Billion | 8.87% | 0.45x | $129.86 Million |
| Janfusun Fancyworld (5701) | $609.74 Million | -22.48% | 3.77x | $9.21 Million |