Samebest Co Ltd (8489) - Net Assets
Based on the latest financial reports, Samebest Co Ltd (8489) has net assets worth NT$734.83 Million TWD (≈ $23.15 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$1.81 Billion ≈ $57.04 Million USD) and total liabilities (NT$1.08 Billion ≈ $33.89 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. Explore 8489 operating cash flow to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$734.83 Million |
| % of Total Assets | 40.59% |
| Annual Growth Rate | -3.46% |
| 5-Year Change | -31.68% |
| 10-Year Change | N/A |
| Growth Volatility | 51.35 |
Samebest Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Samebest Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 8489 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Samebest Co Ltd (2017–2024)
The table below shows the annual net assets of Samebest Co Ltd from 2017 to 2024. For live valuation and market cap data, see Samebest Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$732.80 Million ≈ $23.09 Million |
+68.34% |
| 2023-12-31 | NT$435.31 Million ≈ $13.71 Million |
-11.49% |
| 2022-12-31 | NT$491.84 Million ≈ $15.50 Million |
-49.92% |
| 2021-12-31 | NT$982.13 Million ≈ $30.94 Million |
-8.44% |
| 2020-12-31 | NT$1.07 Billion ≈ $33.79 Million |
-42.64% |
| 2019-12-31 | NT$1.87 Billion ≈ $58.92 Million |
+98.50% |
| 2018-12-31 | NT$942.08 Million ≈ $29.68 Million |
+0.45% |
| 2017-12-31 | NT$937.86 Million ≈ $29.55 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Samebest 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 125.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$489.85 Million | 114.66% |
| Total Equity | NT$427.21 Million | 100.00% |
Samebest Co Ltd Competitors by Market Cap
The table below lists competitors of Samebest Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AXIOS Sustainable Growth
NYSE:AXAC
|
$42.88 Million |
|
Lokotech Group AS
OL:LOKO
|
$42.89 Million |
|
Surapon Foods Public Company Limited
BK:SSF
|
$42.92 Million |
|
5Th Planet Games A/S
OL:5PG
|
$42.93 Million |
|
Public Packages Holdings Bhd
KLSE:8273
|
$42.85 Million |
|
Monnari Trade S.A.
WAR:MON
|
$42.84 Million |
|
Megawin Technology Co Ltd
TWO:3122
|
$42.83 Million |
|
Elastron S.A. - Steel Service Centers
AT:ELSTR
|
$42.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Samebest Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 435,311,000 to 427,208,000, a change of -8,103,000 (-1.9%).
- Net loss of 44,702,000 reduced equity.
- Other factors increased equity by 36,599,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-44.70 Million | -10.46% |
| Other Changes | NT$36.60 Million | +8.57% |
| Total Change | NT$- | -1.86% |
Book Value vs Market Value Analysis
This analysis compares Samebest 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: 2.01x
- 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 0.97x to 2.01x 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$23.64 | NT$22.95 | x |
| 2018-12-31 | NT$22.44 | NT$22.95 | x |
| 2019-12-31 | NT$19.68 | NT$22.95 | x |
| 2020-12-31 | NT$18.80 | NT$22.95 | x |
| 2021-12-31 | NT$15.38 | NT$22.95 | x |
| 2022-12-31 | NT$13.53 | NT$22.95 | x |
| 2023-12-31 | NT$11.97 | NT$22.95 | x |
| 2024-12-31 | NT$11.43 | NT$22.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Samebest 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): -10.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.28%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 4.23x
- Recent ROE (-10.46%) is below the historical average (7.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 26.06% | 23.57% | 0.75x | 1.47x | NT$143.58 Million |
| 2018 | 44.96% | 22.60% | 1.03x | 1.93x | NT$285.30 Million |
| 2019 | 14.99% | 7.18% | 0.79x | 2.64x | NT$35.52 Million |
| 2020 | 4.07% | 1.91% | 0.76x | 2.79x | NT$-40.45 Million |
| 2021 | -5.15% | -2.17% | 0.71x | 3.33x | NT$-84.69 Million |
| 2022 | -7.96% | -29.91% | 0.18x | 1.46x | NT$-88.32 Million |
| 2023 | -8.17% | -19.60% | 0.25x | 1.68x | NT$-79.08 Million |
| 2024 | -10.46% | -3.28% | 0.76x | 4.23x | NT$-87.42 Million |
Industry Comparison
This section compares Samebest Co Ltd's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $1,369,392,333
- Average return on equity (ROE) among peers: -3.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Samebest Co Ltd (8489) | NT$734.83 Million | 26.06% | 1.46x | $42.88 Million |
| Success Prime Corp (2496) | $115.12 Million | -22.54% | 0.74x | $39.11 Million |
| Sino Tactful Co Ltd (5481) | $1.37 Billion | 3.94% | 0.36x | $40.06 Million |
| Dadi Early-Childhood Education Group Ltd (8437) | $2.62 Billion | 7.05% | 0.32x | $17.26 Million |
About Samebest Co Ltd
Samebest Co., LTD. engages in the research and development of digital cloud course systems primarily in Taiwan. It operates through Digital Information Business, Business Services, and Supplementary Education Business segments. The company also develops personalized action learning solutions through the integration of virtual and real. Its products cover high school, middle school, elementary sch… Read more