New Asia Construction & Development Corp
New Asia Construction & Development Corp., together with its subsidiaries, provides public construction services for governments in Taiwan. The company heavy machinery contracting for civil engineering, land and community development business, and construction National residential and commercial buildings and their leasing and sales business, repair and leasing of heavy machinery, ready-mixed con… Read more
New Asia Construction & Development Corp (2516) - Net Assets
Latest net assets as of September 2025: NT$1.89 Billion TWD
Based on the latest financial reports, New Asia Construction & Development Corp (2516) has net assets worth NT$1.89 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$7.64 Billion) and total liabilities (NT$5.75 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$1.89 Billion |
| % of Total Assets | 24.69% |
| Annual Growth Rate | -1.72% |
| 5-Year Change | 2.9% |
| 10-Year Change | -41.52% |
| Growth Volatility | 13.13 |
New Asia Construction & Development Corp - Net Assets Trend (2002–2024)
This chart illustrates how New Asia Construction & 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 New Asia Construction & Development Corp (2002–2024)
The table below shows the annual net assets of New Asia Construction & Development Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.77 Billion | +15.62% |
| 2023-12-31 | NT$1.53 Billion | +12.56% |
| 2022-12-31 | NT$1.36 Billion | -24.93% |
| 2021-12-31 | NT$1.81 Billion | +5.32% |
| 2020-12-31 | NT$1.72 Billion | -29.88% |
| 2019-12-31 | NT$2.46 Billion | +2.06% |
| 2018-12-31 | NT$2.41 Billion | +6.52% |
| 2017-12-31 | NT$2.26 Billion | -21.92% |
| 2016-12-31 | NT$2.90 Billion | -4.51% |
| 2015-12-31 | NT$3.03 Billion | +2.39% |
| 2014-12-31 | NT$2.96 Billion | +4.51% |
| 2013-12-31 | NT$2.83 Billion | +2.77% |
| 2012-12-31 | NT$2.76 Billion | +1.57% |
| 2011-12-31 | NT$2.71 Billion | +10.11% |
| 2010-12-31 | NT$2.47 Billion | +16.29% |
| 2009-12-31 | NT$2.12 Billion | +8.95% |
| 2008-12-31 | NT$1.95 Billion | +7.01% |
| 2007-12-31 | NT$1.82 Billion | +4.67% |
| 2006-12-31 | NT$1.74 Billion | -22.19% |
| 2005-12-31 | NT$2.23 Billion | -16.29% |
| 2004-12-31 | NT$2.67 Billion | +1.72% |
| 2003-12-31 | NT$2.62 Billion | +0.90% |
| 2002-12-31 | NT$2.60 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to New Asia Construction & 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 decreased by 84977500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$2.26 Billion | 127.62% |
| Other Comprehensive Income | NT$346.93 Million | 19.57% |
| Other Components | NT$13.16 Million | 0.74% |
| Total Equity | NT$1.77 Billion | 100.00% |
New Asia Construction & Development Corp Competitors by Market Cap
The table below lists competitors of New Asia Construction & Development Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
G1LO34
SA:G1LO34
|
$83.75 Million |
|
Kistos Holdings Plc
PINK:KSTOF
|
$83.75 Million |
|
Ramco Industries Limited
NSE:RAMCOIND
|
$83.78 Million |
|
Tuniu Corp
NASDAQ:TOUR
|
$83.80 Million |
|
The Naga Group AG
XETRA:N4G
|
$83.63 Million |
|
AirAsia X Bhd
KLSE:5238
|
$83.58 Million |
|
Helloworld Travel Ltd
AU:HLO
|
$83.57 Million |
|
Gear Energy
TO:GXE
|
$83.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Asia Construction & Development Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,533,510,000 to 1,773,100,000, a change of 239,590,000 (15.6%).
- Net income of 218,670,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 286,153,000.
- Other factors decreased equity by 265,233,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$218.67 Million | +12.33% |
| Other Comprehensive Income | NT$286.15 Million | +16.14% |
| Other Changes | NT$-265.23 Million | -14.96% |
| Total Change | NT$- | 15.62% |
Book Value vs Market Value Analysis
This analysis compares New Asia Construction & 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: 1.79x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$8.30 | NT$14.05 | x |
| 2010-12-31 | NT$10.87 | NT$14.05 | x |
| 2011-12-31 | NT$11.84 | NT$14.05 | x |
| 2012-12-31 | NT$11.55 | NT$14.05 | x |
| 2013-12-31 | NT$12.20 | NT$14.05 | x |
| 2014-12-31 | NT$12.83 | NT$14.05 | x |
| 2015-12-31 | NT$13.09 | NT$14.05 | x |
| 2016-12-31 | NT$12.75 | NT$14.05 | x |
| 2017-12-31 | NT$9.99 | NT$14.05 | x |
| 2018-12-31 | NT$10.64 | NT$14.05 | x |
| 2019-12-31 | NT$10.86 | NT$14.05 | x |
| 2020-12-31 | NT$7.62 | NT$14.05 | x |
| 2021-12-31 | NT$8.02 | NT$14.05 | x |
| 2022-12-31 | NT$6.02 | NT$14.05 | x |
| 2023-12-31 | NT$6.78 | NT$14.05 | x |
| 2024-12-31 | NT$7.84 | NT$14.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Asia Construction & Development Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.27%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 4.11x
- Recent ROE (12.33%) is above the historical average (-1.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 1.09% | 0.35% | 1.02x | 3.03x | NT$-233.59 Million |
| 2004 | 1.06% | 0.40% | 0.93x | 2.82x | NT$-238.46 Million |
| 2007 | 3.21% | 0.63% | 1.37x | 3.74x | NT$-113.85 Million |
| 2008 | 6.28% | 1.54% | 1.18x | 3.44x | NT$-67.25 Million |
| 2009 | 8.13% | 1.97% | 1.13x | 3.64x | NT$-36.75 Million |
| 2010 | 19.43% | 5.97% | 1.06x | 3.07x | NT$230.54 Million |
| 2011 | 8.76% | 3.06% | 0.91x | 3.15x | NT$-33.27 Million |
| 2012 | 5.93% | 1.89% | 1.06x | 2.96x | NT$-110.73 Million |
| 2013 | -1.24% | -0.34% | 1.10x | 3.33x | NT$-313.52 Million |
| 2014 | 5.02% | 1.24% | 1.28x | 3.16x | NT$-145.12 Million |
| 2015 | 4.10% | 1.46% | 0.79x | 3.57x | NT$-176.07 Million |
| 2016 | 0.72% | 0.33% | 0.60x | 3.64x | NT$-268.72 Million |
| 2017 | -23.94% | -6.31% | 0.94x | 4.02x | NT$-767.12 Million |
| 2018 | 2.77% | 0.89% | 0.82x | 3.80x | NT$-173.96 Million |
| 2019 | 1.37% | 0.46% | 0.95x | 3.12x | NT$-212.13 Million |
| 2020 | -40.89% | -11.18% | 1.06x | 3.44x | NT$-876.85 Million |
| 2021 | 6.46% | 1.46% | 1.34x | 3.32x | NT$-64.26 Million |
| 2022 | -56.75% | -11.28% | 1.09x | 4.61x | NT$-909.38 Million |
| 2023 | 11.37% | 2.02% | 1.28x | 4.39x | NT$21.07 Million |
| 2024 | 12.33% | 2.27% | 1.32x | 4.11x | NT$41.36 Million |
Industry Comparison
This section compares New Asia Construction & Development Corp's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,477,355,333
- Average return on equity (ROE) among peers: 6.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Asia Construction & Development Corp (2516) | NT$1.89 Billion | 1.09% | 3.05x | $83.75 Million |
| Tri Ocean Textile Co Ltd (1472) | $333.36 Million | -10.62% | 2.04x | $47.78 Million |
| Ju-Kao Engineering Co., Ltd. (1594) | $297.75 Million | -0.44% | 0.99x | $1.54 Million |
| United Integrated Services Co Ltd (2404) | $6.61 Billion | 18.38% | 1.52x | $4.54 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $63.02 Million |
| BES Engineering Co (2515) | $19.46 Billion | 1.31% | 1.00x | $632.27 Million |
| Delpha Construction Co Ltd (2530) | $3.35 Billion | 17.30% | 0.87x | $263.82 Million |
| Da-Cin Construction Co Ltd (2535) | $7.35 Billion | 8.58% | 1.32x | $428.26 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.87 Billion | 14.12% | 1.47x | $514.98 Million |
| Kedge Construction Co Ltd (2546) | $1.88 Billion | 6.30% | 1.33x | $163.03 Million |