Kowloon Development Company Limited
Kowloon Development Company Limited, an investment holding company, engages in the investment, development, and management of properties in Hong Kong and Mainland China. Its property portfolio comprises of office premises, retail shops, shopping malls, and car parking bays. The company provides security, technical, and housekeeping services; building surveying and guarding services; financial inv… Read more
Kowloon Development Company Limited (KOX) - Net Assets
Latest net assets as of June 2025: €17.63 Billion EUR
Based on the latest financial reports, Kowloon Development Company Limited (KOX) has net assets worth €17.63 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€41.65 Billion) and total liabilities (€24.02 Billion). 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 | €17.63 Billion |
| % of Total Assets | 42.32% |
| Annual Growth Rate | -3.31% |
| 5-Year Change | -0.12% |
| 10-Year Change | -32.7% |
| Growth Volatility | 13.72 |
Kowloon Development Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how Kowloon Development Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kowloon Development Company Limited (2013–2024)
The table below shows the annual net assets of Kowloon Development Company Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €17.57 Billion | -1.13% |
| 2023-12-31 | €17.77 Billion | -4.14% |
| 2022-12-31 | €18.54 Billion | -2.82% |
| 2021-12-31 | €19.07 Billion | +8.45% |
| 2020-12-31 | €17.59 Billion | -43.85% |
| 2019-12-31 | €31.32 Billion | +5.02% |
| 2018-12-31 | €29.83 Billion | +5.40% |
| 2017-12-31 | €28.30 Billion | +4.45% |
| 2016-12-31 | €27.09 Billion | +3.78% |
| 2015-12-31 | €26.10 Billion | +0.09% |
| 2014-12-31 | €26.08 Billion | +2.54% |
| 2013-12-31 | €25.43 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kowloon Development Company Limited'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 18.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €8.79 Billion | 50.33% |
| Other Components | €8.68 Billion | 49.67% |
| Total Equity | €17.47 Billion | 100.00% |
Kowloon Development Company Limited Competitors by Market Cap
The table below lists competitors of Kowloon Development Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Changzhou Evergreen Technology Co. Ltd. A
SHE:001324
|
$169.48 Million |
|
Zhejiang Bofay Elec Co Ltd
SHE:001255
|
$169.49 Million |
|
IFE Elevators Co Ltd
SHE:002774
|
$169.51 Million |
|
GigCapital7 Corp.
NASDAQ:GIGGU
|
$169.54 Million |
|
Profound Medical Corp
NASDAQ:PROF
|
$169.46 Million |
|
Quest Holdings S.A
AT:QUEST
|
$169.40 Million |
|
Okea ASA
OL:OKEA
|
$169.34 Million |
|
C.E. Info Systems Limited
NSE:MAPMYINDIA
|
$169.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kowloon Development Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,669,438,000 to 17,471,141,000, a change of -198,297,000 (-1.1%).
- Net income of 115,662,000 contributed positively to equity growth.
- Dividend payments of 305,614,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €115.66 Million | +0.66% |
| Dividends Paid | €305.61 Million | -1.75% |
| Other Changes | €-8.35 Million | -0.05% |
| Total Change | €- | -1.12% |
Book Value vs Market Value Analysis
This analysis compares Kowloon Development Company Limited'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: 0.04x
- 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 |
|---|---|---|---|
| 2017-12-31 | €21.17 | €0.48 | x |
| 2018-12-31 | €21.82 | €0.48 | x |
| 2019-12-31 | €23.00 | €0.48 | x |
| 2020-12-31 | €14.85 | €0.48 | x |
| 2021-12-31 | €16.11 | €0.48 | x |
| 2022-12-31 | €15.66 | €0.48 | x |
| 2023-12-31 | €13.53 | €0.48 | x |
| 2024-12-31 | €13.38 | €0.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kowloon Development Company Limited 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): 0.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.15%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.44x
- Recent ROE (0.66%) is below the historical average (5.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 5.81% | 91.31% | 0.03x | 2.03x | €-931.40 Million |
| 2014 | 4.56% | 33.03% | 0.07x | 2.12x | €-1.24 Billion |
| 2015 | 5.25% | 30.10% | 0.08x | 2.16x | €-1.09 Billion |
| 2016 | 4.02% | 13.97% | 0.15x | 1.98x | €-1.41 Billion |
| 2017 | 6.56% | 52.40% | 0.06x | 1.97x | €-855.54 Million |
| 2018 | 8.54% | 77.16% | 0.05x | 2.24x | €-374.31 Million |
| 2019 | 9.05% | 21.08% | 0.22x | 1.93x | €-257.09 Million |
| 2020 | 4.58% | 17.02% | 0.14x | 1.95x | €-946.10 Million |
| 2021 | 11.66% | 107.74% | 0.04x | 2.54x | €313.77 Million |
| 2022 | 6.59% | 26.52% | 0.10x | 2.59x | €-627.62 Million |
| 2023 | 1.91% | 11.46% | 0.06x | 2.70x | €-1.43 Billion |
| 2024 | 0.66% | 2.15% | 0.13x | 2.44x | €-1.63 Billion |
Industry Comparison
This section compares Kowloon Development Company Limited's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $1,150,334,698,800
- Average return on equity (ROE) among peers: -10.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kowloon Development Company Limited (KOX) | €17.63 Billion | 5.81% | 1.36x | $169.46 Million |
| AGUNG PODOMORO (2AG.SG) (2AG) | $11.36 Trillion | -1.20% | 1.68x | $1.33 Million |
| Zhong An Group Limited (35Z) | $7.55 Billion | 5.57% | 1.92x | $17.05 Million |
| Cham Swiss Properties AG (4U3) | $349.67 Million | 1.98% | 0.29x | $848.13 Million |
| CIFI Holdings (Group) Co. Ltd (6CI) | $86.18 Billion | -15.02% | 3.48x | $26.44 Million |
| Agile Group Holdings Limited (A8P) | $44.18 Billion | 14.71% | 2.70x | $45.46 Million |
| Arco Vara AS (AV1) | $17.96 Million | 11.53% | 0.75x | $6.48 Million |
| Bukit Sembawang Estates Limited (B1W1) | $1.23 Billion | 9.03% | 0.08x | $456.38 Million |
| Coastal Greenland Limited (CGR0) | $2.80 Billion | -15.22% | 1.42x | $4.47 Million |
| China Changbaishan International Holdings Limited (CL70) | $44.54 Million | -127.88% | 45.52x | $14.69 Million |
| Cheuk Nang (Holdings) Limited (CQH3) | $5.77 Billion | 7.64% | 0.54x | $21.64 Million |