Hiyes International Co Ltd (2348) - Net Assets
Based on the latest financial reports, Hiyes International Co Ltd (2348) has net assets worth NT$9.63 Billion TWD (≈ $303.25 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$46.33 Billion ≈ $1.46 Billion USD) and total liabilities (NT$36.70 Billion ≈ $1.16 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 Hiyes International Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$9.63 Billion |
| % of Total Assets | 20.78% |
| Annual Growth Rate | 5.41% |
| 5-Year Change | 215.27% |
| 10-Year Change | 850.63% |
| Growth Volatility | 793.16 |
Hiyes International Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Hiyes International Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Hiyes International Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Hiyes International Co Ltd (2000–2024)
The table below shows the annual net assets of Hiyes International Co Ltd from 2000 to 2024. For live valuation and market cap data, see market cap of Hiyes International Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$10.59 Billion ≈ $333.63 Million |
+26.73% |
| 2023-12-31 | NT$8.36 Billion ≈ $263.26 Million |
+24.14% |
| 2022-12-31 | NT$6.73 Billion ≈ $212.06 Million |
+7.80% |
| 2021-12-31 | NT$6.24 Billion ≈ $196.72 Million |
+85.89% |
| 2020-12-31 | NT$3.36 Billion ≈ $105.82 Million |
+84.24% |
| 2019-12-31 | NT$1.82 Billion ≈ $57.44 Million |
+25.24% |
| 2018-12-31 | NT$1.46 Billion ≈ $45.86 Million |
+10.46% |
| 2017-12-31 | NT$1.32 Billion ≈ $41.52 Million |
+17.22% |
| 2016-12-31 | NT$1.12 Billion ≈ $35.42 Million |
+0.92% |
| 2015-12-31 | NT$1.11 Billion ≈ $35.10 Million |
+4.46% |
| 2014-12-31 | NT$1.07 Billion ≈ $33.60 Million |
+49.35% |
| 2013-12-31 | NT$714.06 Million ≈ $22.50 Million |
+3962.71% |
| 2012-12-31 | NT$17.58 Million ≈ $553.74K |
-63.14% |
| 2011-12-31 | NT$47.68 Million ≈ $1.50 Million |
+119.85% |
| 2010-12-31 | NT$21.69 Million ≈ $683.29K |
-80.39% |
| 2009-12-31 | NT$110.60 Million ≈ $3.48 Million |
-49.29% |
| 2008-12-31 | NT$218.09 Million ≈ $6.87 Million |
-79.99% |
| 2007-12-31 | NT$1.09 Billion ≈ $34.33 Million |
-27.73% |
| 2006-12-31 | NT$1.51 Billion ≈ $47.51 Million |
+312.54% |
| 2005-12-31 | NT$365.53 Million ≈ $11.52 Million |
-11.37% |
| 2004-12-31 | NT$412.42 Million ≈ $12.99 Million |
-51.55% |
| 2003-12-31 | NT$851.16 Million ≈ $26.82 Million |
-30.04% |
| 2002-12-31 | NT$1.22 Billion ≈ $38.33 Million |
+2.96% |
| 2001-12-31 | NT$1.18 Billion ≈ $37.23 Million |
-60.52% |
| 2000-12-31 | NT$2.99 Billion ≈ $94.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hiyes International 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 432076300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.32 Billion | 49.16% |
| Common Stock | NT$1.52 Billion | 17.28% |
| Other Comprehensive Income | NT$1.69 Billion | 19.25% |
| Other Components | NT$1.26 Billion | 14.32% |
| Total Equity | NT$8.79 Billion | 100.00% |
Hiyes International Co Ltd Competitors by Market Cap
The table below lists competitors of Hiyes International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
XOMA Corp
NASDAQ:XOMA
|
$339.92 Million |
|
Novabase SGPS
LS:NBA
|
$339.99 Million |
|
enCore Energy Corp.
V:EU
|
$340.05 Million |
|
eDreams Odigeo SA
MC:EDR
|
$340.09 Million |
|
BGF Retail Co Ltd
KO:027410
|
$339.87 Million |
|
Alfas Solar Enerji Sanayi ve Ticaret A.S.
IS:ALFAS
|
$339.75 Million |
|
Daishin Securities Co Ltd Pref
KO:003545
|
$339.69 Million |
|
SBC Communications Inc.
NASDAQ:SBC
|
$339.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hiyes International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,030,694,000 to 8,789,797,000, a change of 1,759,103,000 (25.0%).
- Net income of 2,228,184,000 contributed positively to equity growth.
- Dividend payments of 859,784,000 reduced retained earnings.
- New share issuances of 61,298,000 increased equity.
- Other comprehensive income increased equity by 435,147,000.
- Other factors decreased equity by 105,742,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.23 Billion | +25.35% |
| Dividends Paid | NT$859.78 Million | -9.78% |
| Share Issuances | NT$61.30 Million | +0.7% |
| Other Comprehensive Income | NT$435.15 Million | +4.95% |
| Other Changes | NT$-105.74 Million | -1.2% |
| Total Change | NT$- | 25.02% |
Book Value vs Market Value Analysis
This analysis compares Hiyes International 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: 1.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 104.71x to 1.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$0.68 | NT$71.10 | x |
| 2010-12-31 | NT$4.74 | NT$71.10 | x |
| 2011-12-31 | NT$6.65 | NT$71.10 | x |
| 2012-12-31 | NT$1.10 | NT$71.10 | x |
| 2013-12-31 | NT$7.02 | NT$71.10 | x |
| 2014-12-31 | NT$10.04 | NT$71.10 | x |
| 2015-12-31 | NT$10.50 | NT$71.10 | x |
| 2016-12-31 | NT$10.61 | NT$71.10 | x |
| 2017-12-31 | NT$12.37 | NT$71.10 | x |
| 2018-12-31 | NT$13.75 | NT$71.10 | x |
| 2019-12-31 | NT$16.14 | NT$71.10 | x |
| 2020-12-31 | NT$27.67 | NT$71.10 | x |
| 2021-12-31 | NT$47.56 | NT$71.10 | x |
| 2022-12-31 | NT$49.53 | NT$71.10 | x |
| 2023-12-31 | NT$46.63 | NT$71.10 | x |
| 2024-12-31 | NT$58.10 | NT$71.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hiyes International Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.93%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 4.87x
- Recent ROE (25.35%) is above the historical average (-247.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.44% | 1.79% | 1.13x | 4.18x | NT$-19.00 Million |
| 2007 | 5.66% | 4.32% | 0.71x | 1.86x | NT$-47.27 Million |
| 2009 | -128.02% | -50.79% | 0.44x | 5.78x | NT$-152.65 Million |
| 2010 | -733.63% | -43.24% | 0.80x | 21.10x | NT$-161.28 Million |
| 2011 | 22.14% | 4.33% | 0.99x | 5.18x | NT$5.79 Million |
| 2012 | -3932.38% | -513.81% | 1.99x | 3.84x | NT$-692.91 Million |
| 2013 | 49.25% | 38.77% | 0.53x | 2.42x | NT$269.72 Million |
| 2014 | 33.96% | 19.09% | 0.76x | 2.35x | NT$249.25 Million |
| 2015 | 8.36% | 9.93% | 0.45x | 1.89x | NT$-17.87 Million |
| 2016 | 0.97% | 2.37% | 0.26x | 1.59x | NT$-99.28 Million |
| 2017 | 14.25% | 23.18% | 0.44x | 1.39x | NT$54.48 Million |
| 2018 | 32.39% | 40.87% | 0.47x | 1.70x | NT$319.19 Million |
| 2019 | 32.11% | 32.59% | 0.35x | 2.78x | NT$389.06 Million |
| 2020 | 42.74% | 37.03% | 0.41x | 2.84x | NT$1.06 Billion |
| 2021 | 29.71% | 26.09% | 0.29x | 3.87x | NT$1.10 Billion |
| 2022 | 16.10% | 18.35% | 0.19x | 4.61x | NT$354.05 Million |
| 2023 | 23.54% | 21.35% | 0.26x | 4.29x | NT$952.29 Million |
| 2024 | 25.35% | 21.93% | 0.24x | 4.87x | NT$1.35 Billion |
Industry Comparison
This section compares Hiyes International Co Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $3,170,425,222
- Average return on equity (ROE) among peers: 3.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hiyes International Co Ltd (2348) | NT$9.63 Billion | 8.44% | 3.81x | $339.89 Million |
| Sun Yad Construction Co Ltd (1316) | $974.60 Million | 4.39% | 0.27x | $114.93 Million |
| GTM Holdings Corp (1437) | $3.26 Billion | 9.89% | 1.22x | $189.98 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.20 Billion | 0.00% | 3.51x | $40.45 Million |
| Chainqui Construction Development Co Ltd (2509) | $4.76 Billion | 9.25% | 0.79x | $95.51 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $3.89 Billion | 1.64% | 0.71x | $280.80 Million |
| Crowell Development Corp (2528) | $869.07 Million | 0.00% | 3.81x | $307.67 Million |
| JSL Construction & Development Co Ltd (2540) | $415.29 Million | 0.00% | 6.88x | $1.61 Billion |
| Wanhwa Enterprise Co (2701) | $5.40 Billion | 3.75% | 0.16x | $150.27 Million |
| First Hotel Co Ltd (2706) | $7.77 Billion | 5.90% | 0.15x | $195.33 Million |
About Hiyes International Co Ltd
Hi-Yes International Co., Ltd. engages in the real estate agency and brokerage businesses in Taiwan. The company offers pre-sale houses, new existing houses, surplus houses, general offices, and land and parking spaces. It also provides product planning and advice, product integrated marketing, and transaction intermediary transfer services. In addition, the company engages in engineering constru… Read more