Kindom Construction Corp
Kindom Development Co., Ltd., together with its subsidiaries, constructs, develops, and sells real estate properties in Taiwan. It operates through three segments: Building, Construction, and Department Stores segments. The Building segment rents or sells business of commissioning construction companies to build public housing and commercial buildings. Its Construction segment integrates the over… Read more
Kindom Construction Corp (2520) - Net Assets
Latest net assets as of September 2025: NT$28.75 Billion TWD
Based on the latest financial reports, Kindom Construction Corp (2520) has net assets worth NT$28.75 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$64.31 Billion) and total liabilities (NT$35.57 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$28.75 Billion |
| % of Total Assets | 44.7% |
| Annual Growth Rate | 5.95% |
| 5-Year Change | 62.39% |
| 10-Year Change | 117.27% |
| Growth Volatility | 9.75 |
Kindom Construction Corp - Net Assets Trend (2001–2024)
This chart illustrates how Kindom Construction 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 Kindom Construction Corp (2001–2024)
The table below shows the annual net assets of Kindom Construction Corp from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$28.20 Billion | +20.82% |
| 2023-12-31 | NT$23.34 Billion | +8.23% |
| 2022-12-31 | NT$21.57 Billion | +7.85% |
| 2021-12-31 | NT$20.00 Billion | +15.15% |
| 2020-12-31 | NT$17.37 Billion | +20.49% |
| 2019-12-31 | NT$14.41 Billion | +6.23% |
| 2018-12-31 | NT$13.57 Billion | +3.88% |
| 2017-12-31 | NT$13.06 Billion | -1.37% |
| 2016-12-31 | NT$13.24 Billion | +2.04% |
| 2015-12-31 | NT$12.98 Billion | -2.96% |
| 2014-12-31 | NT$13.38 Billion | +22.17% |
| 2013-12-31 | NT$10.95 Billion | -10.35% |
| 2012-12-31 | NT$12.21 Billion | +6.03% |
| 2011-12-31 | NT$11.52 Billion | +3.60% |
| 2010-12-31 | NT$11.12 Billion | +21.98% |
| 2009-12-31 | NT$9.11 Billion | +13.73% |
| 2008-12-31 | NT$8.01 Billion | -0.16% |
| 2007-12-31 | NT$8.03 Billion | +0.89% |
| 2006-12-31 | NT$7.96 Billion | -1.05% |
| 2005-12-31 | NT$8.04 Billion | +21.22% |
| 2004-12-31 | NT$6.63 Billion | -0.09% |
| 2003-12-31 | NT$6.64 Billion | -8.15% |
| 2002-12-31 | NT$7.23 Billion | -3.08% |
| 2001-12-31 | NT$7.46 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kindom Construction 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 2383.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$14.62 Billion | 59.60% |
| Common Stock | NT$5.54 Billion | 22.58% |
| Other Comprehensive Income | NT$3.27 Billion | 13.35% |
| Other Components | NT$1.10 Billion | 4.47% |
| Total Equity | NT$24.54 Billion | 100.00% |
Kindom Construction Corp Competitors by Market Cap
The table below lists competitors of Kindom Construction Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Southern Cross Electrical Engineering Ltd
AU:SXE
|
$362.85 Million |
|
Jensen-Group NV
BR:JEN
|
$362.87 Million |
|
Guangzhou Hengyun Enterprises Holding Ltd
SHE:000531
|
$362.93 Million |
|
Polisan Holding AS
IS:POLHO
|
$362.97 Million |
|
Nuix Limited
PINK:NXLLF
|
$362.78 Million |
|
Domain Holdings Australia Limited
PINK:DHGAF
|
$362.67 Million |
|
HARBORONE BANCORP DL-01
F:1S4
|
$362.63 Million |
|
Jilin Jinguan Electric Co Ltd Class A
SHE:300510
|
$362.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kindom Construction Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,961,808,000 to 24,537,130,000, a change of 4,575,322,000 (22.9%).
- Net income of 5,550,477,000 contributed positively to equity growth.
- Dividend payments of 974,663,000 reduced retained earnings.
- Other comprehensive income increased equity by 241,623,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.55 Billion | +22.62% |
| Dividends Paid | NT$974.66 Million | -3.97% |
| Other Comprehensive Income | NT$241.62 Million | +0.98% |
| Other Changes | NT$-242.12 Million | -0.99% |
| Total Change | NT$- | 22.92% |
Book Value vs Market Value Analysis
This analysis compares Kindom Construction 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: 0.80x
- 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 2.78x to 0.80x 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$11.76 | NT$32.70 | x |
| 2007-12-31 | NT$11.88 | NT$32.70 | x |
| 2008-12-31 | NT$12.10 | NT$32.70 | x |
| 2009-12-31 | NT$13.84 | NT$32.70 | x |
| 2010-12-31 | NT$15.50 | NT$32.70 | x |
| 2011-12-31 | NT$16.27 | NT$32.70 | x |
| 2012-12-31 | NT$17.72 | NT$32.70 | x |
| 2013-12-31 | NT$15.67 | NT$32.70 | x |
| 2014-12-31 | NT$19.65 | NT$32.70 | x |
| 2015-12-31 | NT$18.96 | NT$32.70 | x |
| 2016-12-31 | NT$19.34 | NT$32.70 | x |
| 2017-12-31 | NT$19.00 | NT$32.70 | x |
| 2018-12-31 | NT$19.83 | NT$32.70 | x |
| 2019-12-31 | NT$21.12 | NT$32.70 | x |
| 2020-12-31 | NT$25.41 | NT$32.70 | x |
| 2021-12-31 | NT$29.33 | NT$32.70 | x |
| 2022-12-31 | NT$30.95 | NT$32.70 | x |
| 2023-12-31 | NT$33.41 | NT$32.70 | x |
| 2024-12-31 | NT$41.04 | NT$32.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kindom Construction Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.35%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 2.37x
- Recent ROE (22.62%) is above the historical average (10.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 3.21% | 2.98% | 0.47x | 2.29x | NT$-471.89 Million |
| 2005 | 1.29% | 2.75% | 0.19x | 2.43x | NT$-583.84 Million |
| 2006 | 2.25% | 3.58% | 0.27x | 2.35x | NT$-532.13 Million |
| 2007 | 4.63% | 5.56% | 0.35x | 2.40x | NT$-372.82 Million |
| 2008 | 5.58% | 5.64% | 0.40x | 2.50x | NT$-311.52 Million |
| 2009 | 14.66% | 11.16% | 0.43x | 3.05x | NT$373.84 Million |
| 2010 | 17.98% | 11.50% | 0.51x | 3.04x | NT$748.77 Million |
| 2011 | 9.89% | 6.46% | 0.48x | 3.16x | NT$-10.88 Million |
| 2012 | 9.72% | 7.37% | 0.36x | 3.70x | NT$-29.43 Million |
| 2013 | 12.77% | 16.43% | 0.19x | 4.19x | NT$259.77 Million |
| 2014 | 24.48% | 21.83% | 0.31x | 3.59x | NT$1.70 Billion |
| 2015 | 5.06% | 5.32% | 0.26x | 3.68x | NT$-559.59 Million |
| 2016 | 6.37% | 6.29% | 0.27x | 3.73x | NT$-419.50 Million |
| 2017 | 3.05% | 3.49% | 0.20x | 4.42x | NT$-788.41 Million |
| 2018 | 4.29% | 3.51% | 0.28x | 4.32x | NT$-676.45 Million |
| 2019 | 10.16% | 8.37% | 0.27x | 4.42x | NT$20.78 Million |
| 2020 | 22.01% | 12.27% | 0.48x | 3.77x | NT$1.83 Billion |
| 2021 | 19.97% | 13.93% | 0.47x | 3.07x | NT$1.75 Billion |
| 2022 | 16.90% | 14.55% | 0.38x | 3.02x | NT$1.28 Billion |
| 2023 | 12.00% | 12.32% | 0.34x | 2.88x | NT$398.97 Million |
| 2024 | 22.62% | 19.35% | 0.49x | 2.37x | NT$3.10 Billion |
Industry Comparison
This section compares Kindom Construction Corp's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $6,072,613,400
- Average return on equity (ROE) among peers: 3.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kindom Construction Corp (2520) | NT$28.75 Billion | 3.21% | 1.24x | $362.82 Million |
| SanDi Properties Co Ltd (1438) | $281.86 Million | -43.04% | 2.86x | $49.25 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 |