Kuobrothers (8477) - Net Assets
Based on the latest financial reports, Kuobrothers (8477) has net assets worth NT$343.64 Million TWD (≈ $10.83 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$448.48 Million ≈ $14.13 Million USD) and total liabilities (NT$104.84 Million ≈ $3.30 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 tangible equity quality of Kuobrothers to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$343.64 Million |
| % of Total Assets | 76.62% |
| Annual Growth Rate | 4.05% |
| 5-Year Change | -19.43% |
| 10-Year Change | -16.24% |
| Growth Volatility | 36.1 |
Kuobrothers - Net Assets Trend (2015–2025)
This chart illustrates how Kuobrothers's net assets have evolved over time, based on quarterly financial data. See Kuobrothers (8477) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kuobrothers (2015–2025)
The table below shows the annual net assets of Kuobrothers from 2015 to 2025. For live valuation and market cap data, see 8477 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$343.64 Million ≈ $10.83 Million |
-14.51% |
| 2024-12-31 | NT$401.98 Million ≈ $12.66 Million |
+72.54% |
| 2023-12-31 | NT$232.98 Million ≈ $7.34 Million |
-24.29% |
| 2022-12-31 | NT$307.74 Million ≈ $9.70 Million |
-27.85% |
| 2021-12-31 | NT$426.50 Million ≈ $13.44 Million |
-17.54% |
| 2020-12-31 | NT$517.22 Million ≈ $16.30 Million |
-3.54% |
| 2019-12-31 | NT$536.18 Million ≈ $16.89 Million |
+24.57% |
| 2018-12-31 | NT$430.42 Million ≈ $13.56 Million |
+9.49% |
| 2017-12-31 | NT$393.12 Million ≈ $12.39 Million |
-4.18% |
| 2016-12-31 | NT$410.27 Million ≈ $12.93 Million |
+77.52% |
| 2015-12-31 | NT$231.11 Million ≈ $7.28 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kuobrothers'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 744.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$641.84 Million | 186.78% |
| Total Equity | NT$343.64 Million | 100.00% |
Kuobrothers Competitors by Market Cap
The table below lists competitors of Kuobrothers ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orad-M
TA:ORAD
|
$33.97 Million |
|
DKLS Industries Bhd
KLSE:7528
|
$33.98 Million |
|
SEOJEON ELECTRIC MACHINERY Co.Ltd
KQ:189860
|
$33.98 Million |
|
Uniti SA
PA:ALUNT
|
$33.99 Million |
|
Nasus Pharma Ltd.
NYSE MKT:NSRX
|
$33.96 Million |
|
SWISS PROPERTIES INV.100
F:SR1
|
$33.96 Million |
|
Dr Peng Telecom and Media Group Co Ltd
SHG:600804
|
$33.96 Million |
|
Sterling Metals Corp
V:SAG
|
$33.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kuobrothers's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 401,975,000 to 343,638,000, a change of -58,337,000 (-14.5%).
- Net loss of 58,739,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-58.74 Million | -17.09% |
| Other Changes | NT$402.00K | +0.12% |
| Total Change | NT$- | -14.51% |
Book Value vs Market Value Analysis
This analysis compares Kuobrothers'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: 3.14x
- 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 1.07x to 3.14x 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$15.75 | NT$16.80 | x |
| 2018-12-31 | NT$16.97 | NT$16.80 | x |
| 2019-12-31 | NT$17.47 | NT$16.80 | x |
| 2020-12-31 | NT$16.43 | NT$16.80 | x |
| 2021-12-31 | NT$14.75 | NT$16.80 | x |
| 2022-12-31 | NT$9.74 | NT$16.80 | x |
| 2023-12-31 | NT$7.09 | NT$16.80 | x |
| 2024-12-31 | NT$6.26 | NT$16.80 | x |
| 2025-12-31 | NT$5.36 | NT$16.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kuobrothers 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): -17.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.16%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.31x
- Recent ROE (-17.09%) is below the historical average (-7.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 18.67% | 1.79% | 4.73x | 2.21x | NT$20.05 Million |
| 2016 | 12.62% | 1.65% | 3.91x | 1.95x | NT$10.76 Million |
| 2017 | 4.81% | 0.50% | 3.84x | 2.48x | NT$-20.37 Million |
| 2018 | 11.18% | 0.95% | 4.86x | 2.41x | NT$4.99 Million |
| 2019 | 8.75% | 0.75% | 4.50x | 2.60x | NT$-5.45 Million |
| 2020 | 2.98% | 0.27% | 4.41x | 2.50x | NT$-29.06 Million |
| 2021 | -7.19% | -0.84% | 4.01x | 2.15x | NT$-73.31 Million |
| 2022 | -38.59% | -5.05% | 3.62x | 2.11x | NT$-149.54 Million |
| 2023 | -49.82% | -8.73% | 2.49x | 2.29x | NT$-137.54 Million |
| 2024 | -31.71% | -14.52% | 1.62x | 1.35x | NT$-167.67 Million |
| 2025 | -17.09% | -14.16% | 0.92x | 1.31x | NT$-93.10 Million |
Industry Comparison
This section compares Kuobrothers's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $3,927,583,500
- Average return on equity (ROE) among peers: 23.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kuobrothers (8477) | NT$343.64 Million | 18.67% | 0.31x | $33.97 Million |
| PChome Online (8044) | $1.68 Billion | 24.25% | 1.42x | $181.20 Million |
| momo.com Inc (8454) | $6.17 Billion | 23.49% | 0.98x | $2.63 Billion |
About Kuobrothers
Xxtechec Co., Ltd. operates e-commerce online retail platforms under digital and cloud services industry. The company was formerly known as Kuobrothers Corp. and changed its name to Xxtechec Co., Ltd. in June 2025. Xxtechec Co., Ltd. was incorporated in 2012 and is based in Tainan City, Taiwan.