Hiyes International Co Ltd Net Assets
Hiyes International Co Ltd net assets. Based on the latest financial reports, Hiyes International Co Ltd (2348) has net assets worth NT$9.86 Billion TWD (≈ $310.80 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$50.25 Billion ≈ $1.58 Billion USD) and total liabilities (NT$40.38 Billion ≈ $1.27 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. Also explore Hiyes International Co Ltd equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$9.86 Billion |
| % of Total Assets | 19.63% |
| Annual Growth Rate | 5.16% |
| 5-Year Change | 68.45% |
| 10-Year Change | 835.56% |
| Growth Volatility | 777.93 |
Net Assets of Hiyes International Co Ltd (2000–2025)
Net assets of Hiyes International Co Ltd from 2000 to 2025. This chart illustrates how Hiyes International Co Ltd's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Hiyes International Co Ltd to measure how much of total assets are equity-financed.
Annual Net Assets for Hiyes International Co Ltd (2000–2025)
The table below shows the annual net assets of Hiyes International Co Ltd from 2000 to 2025. For live market cap and overall valuation, see 2348 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$10.52 Billion ≈ $331.36 Million |
-0.68% |
| 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 |
-- |
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 378072300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Hiyes International Co Ltd Net Assets Breakdown (December 2025)
Hiyes International Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.78 Billion | 45.33% |
| Common Stock | NT$1.52 Billion | 18.21% |
| Other Comprehensive Income | NT$1.78 Billion | 21.38% |
| Other Components | NT$1.26 Billion | 15.09% |
| Total Equity | NT$8.34 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 |
|---|---|
|
Aramis SAS
PA:ARAMI
|
$337.84 Million |
|
Shenzhen Bioeasy Biotechnology Co. Ltd.
SHE:300942
|
$337.87 Million |
|
Taiwan Paiho Ltd
TW:9938
|
$337.95 Million |
|
HCK Capital Group Bhd
KLSE:7105
|
$337.99 Million |
|
Transcontinental Realty Investors
NYSE:TCI
|
$337.71 Million |
|
Raisio Oyj Vaihto-osake
HE:RAIVV
|
$337.65 Million |
|
Hangzhou Kaierda Welding Robot Co Ltd
SHG:688255
|
$337.59 Million |
|
Shenzhen Ridge Engineering Consulting Co. Ltd.
SHE:300977
|
$337.47 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 2024 to 2025, total equity changed from 8,789,797,000 to 8,340,967,000, a change of -448,830,000 (-5.1%).
- Net income of 1,086,718,000 contributed positively to equity growth.
- Dividend payments of 1,413,614,000 reduced retained earnings.
- Other comprehensive income increased equity by 91,210,000.
- Other factors decreased equity by 213,144,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.09 Billion | +13.03% |
| Dividends Paid | NT$1.41 Billion | -16.95% |
| Other Comprehensive Income | NT$91.21 Million | +1.09% |
| Other Changes | NT$-213.14 Million | -2.56% |
| Total Change | NT$- | -5.11% |
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: 1.37x
- 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 99.12x to 1.37x 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$67.30 | x |
| 2010-12-31 | NT$4.74 | NT$67.30 | x |
| 2011-12-31 | NT$6.65 | NT$67.30 | x |
| 2012-12-31 | NT$1.10 | NT$67.30 | x |
| 2013-12-31 | NT$7.02 | NT$67.30 | x |
| 2014-12-31 | NT$10.04 | NT$67.30 | x |
| 2015-12-31 | NT$10.50 | NT$67.30 | x |
| 2016-12-31 | NT$10.61 | NT$67.30 | x |
| 2017-12-31 | NT$12.37 | NT$67.30 | x |
| 2018-12-31 | NT$13.75 | NT$67.30 | x |
| 2019-12-31 | NT$16.14 | NT$67.30 | x |
| 2020-12-31 | NT$27.67 | NT$67.30 | x |
| 2021-12-31 | NT$47.56 | NT$67.30 | x |
| 2022-12-31 | NT$49.53 | NT$67.30 | x |
| 2023-12-31 | NT$46.63 | NT$67.30 | x |
| 2024-12-31 | NT$58.10 | NT$67.30 | x |
| 2025-12-31 | NT$49.13 | NT$67.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hiyes International Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.78%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 5.75x
- Recent ROE (13.03%) is above the historical average (-233.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.44% | 1.79% | 1.13x | 4.18x | NT$-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 |
| 2025 | 13.03% | 14.78% | 0.15x | 5.75x | NT$252.62 Million |
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: $3,525,655,444
- Average return on equity (ROE) among peers: -2.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hiyes International Co Ltd (2348) | NT$9.86 Billion | 8.44% | 4.09x | $337.81 Million |
| Sun Yad Construction Co Ltd (1316) | $2.50 Billion | -3.35% | 1.82x | $111.71 Million |
| GTM Holdings Corp (1437) | $4.70 Billion | 1.09% | 0.98x | $199.21 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.27 Billion | 0.00% | 3.32x | $45.77 Million |
| Chainqui Construction Development Co Ltd (2509) | $4.59 Billion | -3.25% | 0.83x | $92.68 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $5.63 Billion | 8.42% | 0.94x | $378.53 Million |
| Crowell Development Corp (2528) | $307.29 Million | 0.00% | 4.72x | $268.54 Million |
| JSL Construction & Development Co Ltd (2540) | $77.45 Million | -34.18% | 3.07x | $1.33 Billion |
| Wanhwa Enterprise Co (2701) | $7.54 Billion | 1.12% | 0.16x | $143.18 Million |
| First Hotel Co Ltd (2706) | $5.11 Billion | 5.98% | 0.18x | $189.82 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, newly completed houses, vacant 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 const… Read more