Shang Properties Inc
Shang Properties Inc operates in Real Estate Development.
Shang Properties Inc (SHNG) - Net Assets
Latest net assets as of June 2023: ₱41.82 Billion PHP
Based on the latest financial reports, Shang Properties Inc (SHNG) has net assets worth ₱41.82 Billion PHP as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱71.29 Billion) and total liabilities (₱29.47 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 | ₱41.82 Billion |
| % of Total Assets | 58.67% |
| Annual Growth Rate | 6.75% |
| 5-Year Change | 22.52% |
| 10-Year Change | N/A |
| Growth Volatility | 2.24 |
Shang Properties Inc - Net Assets Trend (2014–2022)
This chart illustrates how Shang Properties Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shang Properties Inc (2014–2022)
The table below shows the annual net assets of Shang Properties Inc from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱40.16 Billion | +7.65% |
| 2021-12-31 | ₱37.31 Billion | +4.43% |
| 2020-12-31 | ₱35.72 Billion | +2.02% |
| 2019-12-31 | ₱35.02 Billion | +6.82% |
| 2018-12-31 | ₱32.78 Billion | +7.59% |
| 2017-12-31 | ₱30.47 Billion | +9.14% |
| 2016-12-31 | ₱27.92 Billion | +7.66% |
| 2015-12-31 | ₱25.93 Billion | +8.87% |
| 2014-12-31 | ₱23.82 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shang Properties Inc'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 88.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱34.44 Billion | 85.75% |
| Common Stock | ₱4.76 Billion | 11.86% |
| Other Components | ₱960.80 Million | 2.39% |
| Total Equity | ₱40.16 Billion | 100.00% |
Shang Properties Inc Competitors by Market Cap
The table below lists competitors of Shang Properties Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sonic Foundry Inc
PINK:SOFO
|
$631.34 |
|
BlackRock Greater Europe Investment Trust plc
LSE:BRGE
|
$632.70 |
|
N4 Pharma PLC
LSE:N4P
|
$632.90 |
|
City Of London Investment Trust
LSE:CTY
|
$633.30 |
|
COME SURE GROUP
BE:0CS
|
$630.47 |
|
Certificates Of Odin Egyptian Equity Investment Fund-KASAB
EGX:KASABF
|
$630.10 |
|
First Credit And Investment Bank Ltd
KAR:FCIBL
|
$628.89 |
|
PSQH-WS
NYSE:PSQH-WT
|
$628.88 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shang Properties Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 37,306,866,380 to 40,161,262,510, a change of 2,854,396,130 (7.7%).
- Net income of 3,634,480,100 contributed positively to equity growth.
- Dividend payments of 786,346,420 reduced retained earnings.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱3.63 Billion | +9.05% |
| Dividends Paid | ₱786.35 Million | -1.96% |
| Other Changes | ₱6.26 Million | +0.02% |
| Total Change | ₱- | 7.65% |
Book Value vs Market Value Analysis
This analysis compares Shang Properties Inc'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: 0.44x
- 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.
- The price-to-book ratio has decreased from 0.64x to 0.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱5.86 | ₱3.73 | x |
| 2017-12-31 | ₱6.40 | ₱3.73 | x |
| 2018-12-31 | ₱6.88 | ₱3.73 | x |
| 2019-12-31 | ₱7.35 | ₱3.73 | x |
| 2020-12-31 | ₱7.50 | ₱3.73 | x |
| 2021-12-31 | ₱7.83 | ₱3.73 | x |
| 2022-12-31 | ₱8.43 | ₱3.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shang Properties Inc 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): 9.05%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.24%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.68x
- Recent ROE (9.05%) is above the historical average (8.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.48% | 42.41% | 0.12x | 2.30x | ₱353.52 Million |
| 2015 | 10.99% | 38.56% | 0.12x | 2.29x | ₱256.70 Million |
| 2016 | 10.41% | 28.10% | 0.17x | 2.21x | ₱114.28 Million |
| 2017 | 10.98% | 24.30% | 0.23x | 1.98x | ₱299.36 Million |
| 2018 | 9.19% | 26.94% | 0.19x | 1.84x | ₱-265.62 Million |
| 2019 | 8.73% | 26.90% | 0.18x | 1.81x | ₱-445.59 Million |
| 2020 | 4.11% | 23.63% | 0.10x | 1.77x | ₱-2.10 Billion |
| 2021 | 5.69% | 46.44% | 0.07x | 1.71x | ₱-1.61 Billion |
| 2022 | 9.05% | 46.24% | 0.12x | 1.68x | ₱-381.65 Million |
Industry Comparison
This section compares Shang Properties Inc's net assets metrics with peer companies in the Real Estate Operations industry.
Industry Context
- Industry: Real Estate Operations
- Average net assets among peers: $6,509,544,787
- Average return on equity (ROE) among peers: 13.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shang Properties Inc (SHNG) | ₱41.82 Billion | 11.48% | 0.70x | $631.29 |
| ArthaLand Corp (ALCO) | $5.24 Billion | 6.36% | 1.35x | $73.64 |
| ArthaLand Corp Preferred Series D (ALCPD) | $5.11 Billion | 16.44% | 0.97x | $81.17K |
| Anchor Land Holdings Inc (ALHI) | $9.19 Billion | 5.63% | 3.26x | $747.44 |
| Altus Property Ventures Inc (APVI) | $585.17 Million | 11.02% | 0.17x | $1.35K |
| ATN Holdings Inc B (ATNB) | $2.13 Billion | 14.46% | 0.47x | $72.65 |
| Belle Corp (BEL) | $26.47 Billion | 10.00% | 0.61x | $207.65 |
| A Brown Company Inc (BRN) | $5.97 Billion | 6.66% | 0.44x | $136.11 |
| Cityland Development Corp (CDC) | $6.74 Billion | 7.20% | 0.44x | $90.80 |
| Crown Equities Inc (CEI) | $2.14 Billion | 2.37% | 0.17x | $12.26 |
| Cebu Landmasters Inc (CLI) | $1.52 Billion | 51.08% | 2.34x | $380.70 |