Prince Housing & Development Corp
Prince Housing & Development Corp. engages in the construction business primarily in Taiwan. The company provides construction services of residential and commercial buildings, tourist hotels, industrial zone development, indoor sports and leisure facilities, and parking lots. It also involved in the hotels and catering, plywood manufacturing, real estate management, real estate trading and leasi… Read more
Prince Housing & Development Corp (2511) - Net Assets
Latest net assets as of September 2025: NT$25.54 Billion TWD
Based on the latest financial reports, Prince Housing & Development Corp (2511) has net assets worth NT$25.54 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$46.17 Billion) and total liabilities (NT$20.64 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$25.54 Billion |
| % of Total Assets | 55.31% |
| Annual Growth Rate | 4.09% |
| 5-Year Change | 6.41% |
| 10-Year Change | 3.24% |
| Growth Volatility | 8.5 |
Prince Housing & Development Corp - Net Assets Trend (2000–2024)
This chart illustrates how Prince Housing & Development Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Prince Housing & Development Corp (2000–2024)
The table below shows the annual net assets of Prince Housing & Development Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$25.99 Billion | +0.06% |
| 2023-12-31 | NT$25.98 Billion | -0.03% |
| 2022-12-31 | NT$25.98 Billion | +0.84% |
| 2021-12-31 | NT$25.77 Billion | +5.49% |
| 2020-12-31 | NT$24.43 Billion | +1.16% |
| 2019-12-31 | NT$24.14 Billion | -0.14% |
| 2018-12-31 | NT$24.18 Billion | +0.01% |
| 2017-12-31 | NT$24.18 Billion | -1.83% |
| 2016-12-31 | NT$24.63 Billion | -2.17% |
| 2015-12-31 | NT$25.17 Billion | +3.55% |
| 2014-12-31 | NT$24.31 Billion | +30.88% |
| 2013-12-31 | NT$18.57 Billion | +7.16% |
| 2012-12-31 | NT$17.33 Billion | +11.41% |
| 2011-12-31 | NT$15.56 Billion | +15.76% |
| 2010-12-31 | NT$13.44 Billion | +15.81% |
| 2009-12-31 | NT$11.61 Billion | +10.58% |
| 2008-12-31 | NT$10.50 Billion | -4.51% |
| 2007-12-31 | NT$10.99 Billion | -1.24% |
| 2006-12-31 | NT$11.13 Billion | +6.15% |
| 2005-12-31 | NT$10.48 Billion | +6.79% |
| 2004-12-31 | NT$9.82 Billion | +12.24% |
| 2003-12-31 | NT$8.75 Billion | +3.76% |
| 2002-12-31 | NT$8.43 Billion | -10.15% |
| 2001-12-31 | NT$9.38 Billion | -5.59% |
| 2000-12-31 | NT$9.94 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Prince Housing & Development Corp'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 296246700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.96 Billion | 11.50% |
| Common Stock | NT$16.23 Billion | 63.01% |
| Other Comprehensive Income | NT$4.32 Billion | 16.76% |
| Other Components | NT$2.25 Billion | 8.74% |
| Total Equity | NT$25.77 Billion | 100.00% |
Prince Housing & Development Corp Competitors by Market Cap
The table below lists competitors of Prince Housing & Development Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tehmag Foods
TWO:1264
|
$221.83 Million |
|
XiAn Qujiang Cultural Tourism Co Ltd
SHG:600706
|
$221.83 Million |
|
Cydsa S.A.B. de C.V
MX:CYDSASAA
|
$221.84 Million |
|
ASK AUTOMOTIVE LIMITED
NSE:ASKAUTOLTD
|
$221.89 Million |
|
Logistea A
ST:LOGI-A
|
$221.59 Million |
|
Bannerman Resources Ltd
OTCQX:BNNLF
|
$221.50 Million |
|
Churchill Capital Corp X Class A Ordinary Shares
NASDAQ:CCCX
|
$221.49 Million |
|
Zhejiang HISUN Biomaterials Co. Ltd. A
SHG:688203
|
$221.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prince Housing & Development Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,722,046,000 to 25,765,014,000, a change of 42,968,000 (0.2%).
- Net income of 312,997,000 contributed positively to equity growth.
- Dividend payments of 584,398,000 reduced retained earnings.
- Other comprehensive income increased equity by 361,882,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$313.00 Million | +1.21% |
| Dividends Paid | NT$584.40 Million | -2.27% |
| Other Comprehensive Income | NT$361.88 Million | +1.4% |
| Other Changes | NT$-47.51 Million | -0.18% |
| Total Change | NT$- | 0.17% |
Book Value vs Market Value Analysis
This analysis compares Prince Housing & Development Corp'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: 0.52x
- 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 0.98x to 0.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$8.34 | NT$8.20 | x |
| 2007-12-31 | NT$8.18 | NT$8.20 | x |
| 2008-12-31 | NT$7.78 | NT$8.20 | x |
| 2009-12-31 | NT$8.30 | NT$8.20 | x |
| 2010-12-31 | NT$9.71 | NT$8.20 | x |
| 2011-12-31 | NT$11.32 | NT$8.20 | x |
| 2012-12-31 | NT$12.66 | NT$8.20 | x |
| 2013-12-31 | NT$13.84 | NT$8.20 | x |
| 2014-12-31 | NT$15.07 | NT$8.20 | x |
| 2015-12-31 | NT$15.05 | NT$8.20 | x |
| 2016-12-31 | NT$14.79 | NT$8.20 | x |
| 2017-12-31 | NT$14.60 | NT$8.20 | x |
| 2018-12-31 | NT$14.58 | NT$8.20 | x |
| 2019-12-31 | NT$14.60 | NT$8.20 | x |
| 2020-12-31 | NT$14.92 | NT$8.20 | x |
| 2021-12-31 | NT$15.67 | NT$8.20 | x |
| 2022-12-31 | NT$15.66 | NT$8.20 | x |
| 2023-12-31 | NT$15.77 | NT$8.20 | x |
| 2024-12-31 | NT$15.64 | NT$8.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prince Housing & Development Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.69%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.81x
- Recent ROE (1.21%) is below the historical average (6.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 3.86% | 4.30% | 0.32x | 2.78x | NT$-536.75 Million |
| 2004 | 11.05% | 9.79% | 0.40x | 2.80x | NT$102.99 Million |
| 2005 | 9.64% | 7.64% | 0.45x | 2.79x | NT$-37.33 Million |
| 2006 | 11.86% | 9.65% | 0.35x | 3.49x | NT$203.81 Million |
| 2007 | 3.65% | 2.89% | 0.33x | 3.84x | NT$-687.70 Million |
| 2008 | -3.15% | -2.34% | 0.33x | 4.06x | NT$-1.36 Billion |
| 2009 | 5.43% | 4.65% | 0.32x | 3.61x | NT$-506.81 Million |
| 2010 | 16.40% | 14.45% | 0.34x | 3.38x | NT$831.15 Million |
| 2011 | 15.26% | 15.86% | 0.28x | 3.38x | NT$797.25 Million |
| 2012 | 10.54% | 12.18% | 0.30x | 2.86x | NT$90.95 Million |
| 2013 | 9.08% | 9.59% | 0.33x | 2.90x | NT$-168.12 Million |
| 2014 | 10.01% | 12.35% | 0.35x | 2.34x | NT$2.25 Million |
| 2015 | 9.01% | 13.89% | 0.30x | 2.19x | NT$-245.31 Million |
| 2016 | 6.62% | 13.34% | 0.24x | 2.11x | NT$-820.47 Million |
| 2017 | 5.37% | 11.66% | 0.22x | 2.11x | NT$-1.11 Billion |
| 2018 | 5.25% | 10.57% | 0.23x | 2.13x | NT$-1.13 Billion |
| 2019 | 3.99% | 7.81% | 0.22x | 2.29x | NT$-1.43 Billion |
| 2020 | 3.28% | 6.64% | 0.23x | 2.16x | NT$-1.63 Billion |
| 2021 | 5.99% | 12.27% | 0.25x | 1.96x | NT$-1.03 Billion |
| 2022 | 5.74% | 11.55% | 0.27x | 1.86x | NT$-1.10 Billion |
| 2023 | 2.30% | 6.98% | 0.18x | 1.80x | NT$-1.98 Billion |
| 2024 | 1.21% | 3.69% | 0.18x | 1.81x | NT$-2.26 Billion |
Industry Comparison
This section compares Prince Housing & Development Corp's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $6,150,174,667
- Average return on equity (ROE) among peers: 7.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Prince Housing & Development Corp (2511) | NT$25.54 Billion | 3.86% | 0.81x | $221.71 Million |
| HUA YU LIEN Development Co Ltd (1436) | $3.02 Billion | 16.10% | 3.53x | $129.39 Million |
| Advancetek Enterprise Co Ltd (1442) | $5.24 Billion | 2.31% | 1.02x | $178.30 Million |
| Better Life Group Co Ltd (1805) | $323.75 Million | 0.00% | 2.24x | $19.30 Million |
| Run Long Construction Co Ltd (1808) | $2.63 Billion | 29.05% | 2.13x | $368.38 Million |
| Jean Co Ltd (2442) | $3.33 Billion | 0.00% | 1.23x | $101.72 Million |
| Kuo Yang Construction Co Ltd (2505) | $8.22 Billion | 0.69% | 1.26x | $116.40 Million |
| Pacific Construction Co Ltd (2506) | $15.29 Billion | 0.00% | 2.26x | $53.85 Million |
| King’s Town Construction Co Ltd (2524) | $8.23 Billion | 17.33% | 1.31x | $49.96 Million |
| Hung Sheng Construction Ltd (2534) | $9.07 Billion | 0.00% | 1.89x | $203.67 Million |