Kuobrothers (8477) - Net Assets
Based on the latest financial reports, Kuobrothers (8477) has net assets worth NT$362.46 Million TWD (≈ $11.42 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$470.11 Million ≈ $14.81 Million USD) and total liabilities (NT$107.65 Million ≈ $3.39 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 8477 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$362.46 Million |
| % of Total Assets | 77.1% |
| Annual Growth Rate | 6.34% |
| 5-Year Change | -22.28% |
| 10-Year Change | N/A |
| Growth Volatility | 37.12 |
Kuobrothers - Net Assets Trend (2015–2024)
This chart illustrates how Kuobrothers's net assets have evolved over time, based on quarterly financial data. Also explore how large is Kuobrothers's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Kuobrothers (2015–2024)
The table below shows the annual net assets of Kuobrothers from 2015 to 2024. For live valuation and market cap data, see 8477 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 617.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$641.44 Million | 159.57% |
| Total Equity | NT$401.98 Million | 100.00% |
Kuobrothers Competitors by Market Cap
The table below lists competitors of Kuobrothers ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hudson Acquisition I Corp. Common Stock
NASDAQ:HUDA
|
$27.39 Million |
|
Beam Global
NASDAQ:BEEM
|
$27.40 Million |
|
White Cliff Minerals Ltd
AU:WCN
|
$27.41 Million |
|
Ihlas Gazetecilik AS
IS:IHGZT
|
$27.41 Million |
|
AVOD Kurutulmus Gida ve Tarim Urunleri Sanayi Ticaret AS
IS:AVOD
|
$27.39 Million |
|
Trident Digital Tech Holdings Ltd American Depository Shares
NASDAQ:TDTH
|
$27.39 Million |
|
CryoCell International Inc
NYSE MKT:CCEL
|
$27.39 Million |
|
Bflysoft Co. Ltd.
KQ:148780
|
$27.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kuobrothers's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 229,926,000 to 401,975,000, a change of 172,049,000 (74.8%).
- Net loss of 127,470,000 reduced equity.
- New share issuances of 300,000,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-127.47 Million | -31.71% |
| Share Issuances | NT$300.00 Million | +74.63% |
| Other Changes | NT$-481.00K | -0.12% |
| Total Change | NT$- | 74.83% |
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: 2.16x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.86x to 2.16x 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$13.55 | x |
| 2018-12-31 | NT$16.97 | NT$13.55 | x |
| 2019-12-31 | NT$17.47 | NT$13.55 | x |
| 2020-12-31 | NT$16.43 | NT$13.55 | x |
| 2021-12-31 | NT$14.75 | NT$13.55 | x |
| 2022-12-31 | NT$9.74 | NT$13.55 | x |
| 2023-12-31 | NT$7.09 | NT$13.55 | x |
| 2024-12-31 | NT$6.26 | NT$13.55 | 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): -31.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.52%
- • Asset Turnover: 1.62x
- • Equity Multiplier: 1.35x
- Recent ROE (-31.71%) is below the historical average (-6.83%), 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 |
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: $5,311,382,000
- Average return on equity (ROE) among peers: 3.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kuobrothers (8477) | NT$362.46 Million | 18.67% | 0.30x | $27.39 Million |
| PChome Online (8044) | $719.17 Million | -27.62% | 1.58x | $145.87 Million |
| momo.com Inc (8454) | $9.90 Billion | 34.68% | 1.66x | $1.42 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.