CITY DEV.LTD.ADR/1 SD-50 (CDE0) - Net Assets
Based on the latest financial reports, CITY DEV.LTD.ADR/1 SD-50 (CDE0) has net assets worth €10.26 Billion EUR (≈ $11.99 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€27.05 Billion ≈ $31.62 Billion USD) and total liabilities (€16.79 Billion ≈ $19.63 Billion 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 CDE0 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €10.26 Billion |
| % of Total Assets | 37.93% |
| Annual Growth Rate | 2.43% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.78 |
CITY DEV.LTD.ADR/1 SD-50 - Net Assets Trend (2021–2025)
This chart illustrates how CITY DEV.LTD.ADR/1 SD-50's net assets have evolved over time, based on quarterly financial data. See CITY DEV.LTD.ADR/1 SD-50 defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for CITY DEV.LTD.ADR/1 SD-50 (2021–2025)
The table below shows the annual net assets of CITY DEV.LTD.ADR/1 SD-50 from 2021 to 2025. For live valuation and market cap data, see CITY DEV.LTD.ADR/1 SD-50 market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €10.26 Billion ≈ $11.99 Billion |
+10.22% |
| 2024-12-31 | €9.31 Billion ≈ $10.88 Billion |
-2.41% |
| 2023-12-31 | €9.54 Billion ≈ $11.15 Billion |
-0.27% |
| 2022-12-31 | €9.56 Billion ≈ $11.18 Billion |
+2.63% |
| 2021-12-31 | €9.32 Billion ≈ $10.90 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to CITY DEV.LTD.ADR/1 SD-50'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 28.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €7.96 Billion | 83.00% |
| Other Components | €1.63 Billion | 17.00% |
| Total Equity | €9.59 Billion | 100.00% |
CITY DEV.LTD.ADR/1 SD-50 Competitors by Market Cap
The table below lists competitors of CITY DEV.LTD.ADR/1 SD-50 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Giantec Semiconductor Corp
SHG:688123
|
$3.06 Billion |
|
Old Mutual Ltd
JSE:OMU
|
$3.06 Billion |
|
Koninklijke Heijmans N.V.
AS:HEIJM
|
$3.06 Billion |
|
Elmos Semiconductor SE
F:ELG
|
$3.06 Billion |
|
Aoshikang Technology Co Ltd Class A
SHE:002913
|
$3.06 Billion |
|
Schneider Electric Infrastructure Limited
NSE:SCHNEIDER
|
$3.05 Billion |
|
Aya Gold & Silver Inc
TO:AYA
|
$3.05 Billion |
|
ZF Commercial Vehicle Control Systems India Limited
NSE:ZFCVINDIA
|
$3.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CITY DEV.LTD.ADR/1 SD-50's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,088,291,000 to 9,591,568,000, a change of 503,277,000 (5.5%).
- Net income of 629,683,000 contributed positively to equity growth.
- Dividend payments of 139,423,000 reduced retained earnings.
- Share repurchases of 20,905,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €629.68 Million | +6.56% |
| Dividends Paid | €139.42 Million | -1.45% |
| Share Repurchases | €20.91 Million | -0.22% |
| Other Changes | €33.92 Million | +0.35% |
| Total Change | €- | 5.54% |
Book Value vs Market Value Analysis
This analysis compares CITY DEV.LTD.ADR/1 SD-50'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: 0.32x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €9.26 | €3.42 | x |
| 2022-12-31 | €10.16 | €3.42 | x |
| 2023-12-31 | €10.12 | €3.42 | x |
| 2024-12-31 | €10.17 | €3.42 | x |
| 2025-12-31 | €10.74 | €3.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CITY DEV.LTD.ADR/1 SD-50 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): 6.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.55%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.82x
- Recent ROE (6.56%) is above the historical average (5.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 1.01% | 3.23% | 0.11x | 2.84x | €-755.37 Million |
| 2022 | 13.95% | 39.03% | 0.14x | 2.49x | €363.69 Million |
| 2023 | 3.46% | 6.42% | 0.20x | 2.64x | €-600.74 Million |
| 2024 | 2.22% | 6.15% | 0.13x | 2.82x | €-707.51 Million |
| 2025 | 6.56% | 17.55% | 0.13x | 2.82x | €-329.47 Million |
Industry Comparison
This section compares CITY DEV.LTD.ADR/1 SD-50's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $35,040,166,076
- Average return on equity (ROE) among peers: -54.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CITY DEV.LTD.ADR/1 SD-50 (CDE0) | €10.26 Billion | 1.01% | 1.64x | $3.06 Billion |
| REDSUN PROPERTIES GROUP (0RJ) | $23.80 Billion | -16.31% | 3.27x | $3.34 Million |
| CHINA VANKE CO.LTD H YC 1 (18V) | $235.86 Billion | -37.55% | 3.33x | $681.03 Million |
| ABITARE IN S.P.A. (1BN) | $96.01 Million | 8.22% | 3.00x | $65.18 Million |
| RONSHINE CH.HLD.HD-00001 (1R7) | $6.87 Billion | -174.60% | 13.49x | $15.74 Million |
| Pruksa Holding Public Company Limited (2PR3) | $38.66 Billion | 14.11% | 0.87x | $181.69 Million |
| Zhong An Group Limited (35Z) | $10.52 Billion | 6.06% | 1.87x | $32.78 Million |
| Sino-Ocean Group Holding Limited (3SD) | $1.90 Billion | 355.79% | 78.50x | $111.59 Million |
| BARKBY GRP PLC LS 000860 (3WY) | $823.00K | -512.03% | 26.44x | $125.67 Million |
| HUIJING HLDG.CO.LTD HD-01 (3XU) | $1.32 Billion | -186.00% | 8.26x | $7.88 Million |
| ZHONGLIANG HLDG HD-01 (3ZH) | $31.37 Billion | -4.29% | 6.58x | $10.40 Million |
About CITY DEV.LTD.ADR/1 SD-50
City Developments Limited (CDL) is a leading global real estate company with a network spanning 168 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically diverse portfolio comprises residences, offices, hotels, serviced apartments, student accommodation, retail malls and int… Read more