SanDi Properties Co Ltd
SanDi Properties Co.,Ltd. engages in the construction of commercial and industrial buildings in Taiwan. It is also involved in the residential rental and sale; real estate trading; and other types of department store distribution business. The company was formerly known as Yu Foong International Corporation. SanDi Properties Co.,Ltd. was founded in 1944 and is based in Kaohsiung, Taiwan.
SanDi Properties Co Ltd (1438) - Net Assets
Latest net assets as of September 2025: NT$2.85 Billion TWD
Based on the latest financial reports, SanDi Properties Co Ltd (1438) has net assets worth NT$2.85 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$14.31 Billion) and total liabilities (NT$11.45 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 | NT$2.85 Billion |
| % of Total Assets | 19.93% |
| Annual Growth Rate | 10.27% |
| 5-Year Change | 427.05% |
| 10-Year Change | 437.53% |
| Growth Volatility | 1453.19 |
SanDi Properties Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how SanDi Properties Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SanDi Properties Co Ltd (2002–2024)
The table below shows the annual net assets of SanDi Properties Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.95 Billion | +58.94% |
| 2023-12-31 | NT$1.86 Billion | -7.75% |
| 2022-12-31 | NT$2.01 Billion | +81.37% |
| 2021-12-31 | NT$1.11 Billion | +98.20% |
| 2020-12-31 | NT$560.24 Million | +8.93% |
| 2019-12-31 | NT$514.32 Million | -2.00% |
| 2018-12-31 | NT$524.84 Million | -2.21% |
| 2017-12-31 | NT$536.72 Million | -1.03% |
| 2016-12-31 | NT$542.28 Million | -1.28% |
| 2015-12-31 | NT$549.32 Million | +2.04% |
| 2014-12-31 | NT$538.34 Million | +0.68% |
| 2013-12-31 | NT$534.69 Million | +5.89% |
| 2012-12-31 | NT$504.93 Million | +2.03% |
| 2011-12-31 | NT$494.87 Million | +2.70% |
| 2010-12-31 | NT$481.84 Million | +6974.39% |
| 2009-12-31 | NT$6.81 Million | -85.85% |
| 2008-12-31 | NT$48.14 Million | -56.01% |
| 2007-12-31 | NT$109.43 Million | -39.05% |
| 2006-12-31 | NT$179.54 Million | -20.41% |
| 2005-12-31 | NT$225.58 Million | -19.97% |
| 2004-12-31 | NT$281.86 Million | +9.37% |
| 2003-12-31 | NT$257.70 Million | -25.07% |
| 2002-12-31 | NT$343.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SanDi Properties 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 grown by 9231000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$92.31 Million | 3.13% |
| Common Stock | NT$1.11 Billion | 37.66% |
| Other Components | NT$1.75 Billion | 59.21% |
| Total Equity | NT$2.95 Billion | 100.00% |
SanDi Properties Co Ltd Competitors by Market Cap
The table below lists competitors of SanDi Properties Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aura Energy Ltd
AU:AEE
|
$49.25 Million |
|
Focus Home Interactive SA
F:0HF
|
$49.26 Million |
|
Leader Electronics Inc
TW:3058
|
$49.27 Million |
|
Jushi Holdings Inc
OTCQX:JUSHF
|
$49.27 Million |
|
Hsin Kao Gas Co Ltd
TW:9931
|
$49.25 Million |
|
IG Design Group plc
PINK:IGDFF
|
$49.25 Million |
|
BIT Mining Limited
NYSE:BTCM
|
$49.25 Million |
|
Everest Kanto Cylinder Limited
NSE:EKC
|
$49.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SanDi Properties Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,857,774,000 to 2,952,757,000, a change of 1,094,983,000 (58.9%).
- Net loss of 140,926,000 reduced equity.
- New share issuances of 1,000,000,000 increased equity.
- Other factors increased equity by 235,909,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-140.93 Million | -4.77% |
| Share Issuances | NT$1.00 Billion | +33.87% |
| Other Changes | NT$235.91 Million | +7.99% |
| Total Change | NT$- | 58.94% |
Book Value vs Market Value Analysis
This analysis compares SanDi Properties 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: 0.92x
- 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 5.72x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$5.22 | NT$29.85 | x |
| 2005-12-31 | NT$4.17 | NT$29.85 | x |
| 2006-12-31 | NT$3.33 | NT$29.85 | x |
| 2007-12-31 | NT$2.03 | NT$29.85 | x |
| 2008-12-31 | NT$0.89 | NT$29.85 | x |
| 2009-12-31 | NT$0.13 | NT$29.85 | x |
| 2010-12-31 | NT$8.93 | NT$29.85 | x |
| 2011-12-31 | NT$9.17 | NT$29.85 | x |
| 2012-12-31 | NT$9.35 | NT$29.85 | x |
| 2013-12-31 | NT$9.91 | NT$29.85 | x |
| 2014-12-31 | NT$9.97 | NT$29.85 | x |
| 2015-12-31 | NT$10.18 | NT$29.85 | x |
| 2016-12-31 | NT$10.05 | NT$29.85 | x |
| 2017-12-31 | NT$9.94 | NT$29.85 | x |
| 2018-12-31 | NT$9.72 | NT$29.85 | x |
| 2019-12-31 | NT$9.53 | NT$29.85 | x |
| 2020-12-31 | NT$10.38 | NT$29.85 | x |
| 2021-12-31 | NT$20.88 | NT$29.85 | x |
| 2022-12-31 | NT$27.14 | NT$29.85 | x |
| 2023-12-31 | NT$20.37 | NT$29.85 | x |
| 2024-12-31 | NT$32.36 | NT$29.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SanDi Properties Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.08%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 4.33x
- Recent ROE (-4.77%) is above the historical average (-35.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -43.04% | -83.61% | 0.13x | 3.86x | NT$-149.50 Million |
| 2005 | -26.53% | -44.14% | 0.13x | 4.55x | NT$-82.22 Million |
| 2006 | -30.73% | -145.46% | 0.04x | 5.25x | NT$-73.12 Million |
| 2007 | -63.96% | -319.35% | 0.03x | 7.46x | NT$-80.94 Million |
| 2008 | -127.66% | -384.74% | 0.02x | 15.34x | NT$-66.27 Million |
| 2009 | -596.59% | -167.23% | 0.03x | 115.51x | NT$-41.32 Million |
| 2010 | 118.51% | 434.55% | 0.22x | 1.23x | NT$522.82 Million |
| 2011 | 8.36% | 94.21% | 0.07x | 1.19x | NT$-8.10 Million |
| 2012 | 1.99% | 35.67% | 0.05x | 1.16x | NT$-40.43 Million |
| 2013 | 5.57% | 48.86% | 0.10x | 1.13x | NT$-23.71 Million |
| 2014 | 0.68% | 29.36% | 0.02x | 1.13x | NT$-50.19 Million |
| 2015 | 2.00% | 46.54% | 0.04x | 1.13x | NT$-43.95 Million |
| 2016 | -1.30% | -11345.16% | 0.00x | 1.13x | NT$-61.26 Million |
| 2017 | -1.04% | -12951.16% | 0.00x | 1.13x | NT$-59.24 Million |
| 2018 | -2.26% | -69876.47% | 0.00x | 1.13x | NT$-64.36 Million |
| 2019 | -2.05% | -95627.27% | 0.00x | 1.14x | NT$-61.95 Million |
| 2020 | 8.20% | 46.65% | 0.05x | 3.33x | NT$-10.10 Million |
| 2021 | 2.71% | 244.71% | 0.00x | 4.72x | NT$-80.95 Million |
| 2022 | 18.55% | 62.75% | 0.07x | 4.11x | NT$172.16 Million |
| 2023 | -3.50% | -20.55% | 0.03x | 5.85x | NT$-250.73 Million |
| 2024 | -4.77% | -12.08% | 0.09x | 4.33x | NT$-436.20 Million |
Industry Comparison
This section compares SanDi Properties Co Ltd's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $7,507,920,400
- Average return on equity (ROE) among peers: 13.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SanDi Properties Co Ltd (1438) | NT$2.85 Billion | -43.04% | 4.02x | $49.25 Million |
| Kindom Construction Corp (2520) | $7.46 Billion | 2.99% | 1.14x | $362.82 Million |
| Huang Hsiang Construction Corp (2545) | $12.23 Billion | 15.50% | 3.15x | $145.77 Million |
| Rich Development Co Ltd (5512) | $10.56 Billion | 11.83% | 1.67x | $120.75 Million |
| Full Wang International Development Co Ltd (6219) | $2.10 Billion | 28.76% | 5.31x | $22.47 Million |
| San Far Property Ltd (9946) | $5.19 Billion | 6.67% | 1.24x | $79.44 Million |