Kindom Construction Corp (2520) - Net Assets
Based on the latest financial reports, Kindom Construction Corp (2520) has net assets worth NT$28.75 Billion TWD (≈ $905.67 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$64.31 Billion ≈ $2.03 Billion USD) and total liabilities (NT$35.57 Billion ≈ $1.12 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 Kindom Construction Corp (2520) asset resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore balance sheet size of Kindom Construction Corp for the complete picture of this company's asset base.
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. For live valuation and market cap data, see market value of Kindom Construction Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$28.20 Billion ≈ $888.45 Million |
+20.82% |
| 2023-12-31 | NT$23.34 Billion ≈ $735.35 Million |
+8.23% |
| 2022-12-31 | NT$21.57 Billion ≈ $679.43 Million |
+7.85% |
| 2021-12-31 | NT$20.00 Billion ≈ $629.97 Million |
+15.15% |
| 2020-12-31 | NT$17.37 Billion ≈ $547.11 Million |
+20.49% |
| 2019-12-31 | NT$14.41 Billion ≈ $454.09 Million |
+6.23% |
| 2018-12-31 | NT$13.57 Billion ≈ $427.45 Million |
+3.88% |
| 2017-12-31 | NT$13.06 Billion ≈ $411.51 Million |
-1.37% |
| 2016-12-31 | NT$13.24 Billion ≈ $417.24 Million |
+2.04% |
| 2015-12-31 | NT$12.98 Billion ≈ $408.92 Million |
-2.96% |
| 2014-12-31 | NT$13.38 Billion ≈ $421.41 Million |
+22.17% |
| 2013-12-31 | NT$10.95 Billion ≈ $344.95 Million |
-10.35% |
| 2012-12-31 | NT$12.21 Billion ≈ $384.77 Million |
+6.03% |
| 2011-12-31 | NT$11.52 Billion ≈ $362.88 Million |
+3.60% |
| 2010-12-31 | NT$11.12 Billion ≈ $350.26 Million |
+21.98% |
| 2009-12-31 | NT$9.11 Billion ≈ $287.16 Million |
+13.73% |
| 2008-12-31 | NT$8.01 Billion ≈ $252.49 Million |
-0.16% |
| 2007-12-31 | NT$8.03 Billion ≈ $252.90 Million |
+0.89% |
| 2006-12-31 | NT$7.96 Billion ≈ $250.68 Million |
-1.05% |
| 2005-12-31 | NT$8.04 Billion ≈ $253.34 Million |
+21.22% |
| 2004-12-31 | NT$6.63 Billion ≈ $208.99 Million |
-0.09% |
| 2003-12-31 | NT$6.64 Billion ≈ $209.18 Million |
-8.15% |
| 2002-12-31 | NT$7.23 Billion ≈ $227.75 Million |
-3.08% |
| 2001-12-31 | NT$7.46 Billion ≈ $234.98 Million |
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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 |
|---|---|
|
Ardmore Shpng
NYSE:ASC
|
$552.67 Million |
|
Grupo Empresarial San Jose SA
MC:GSJ
|
$552.72 Million |
|
Guaranty Bancshares, Inc.
NYSE:GNTY
|
$553.20 Million |
|
Shanghai SK Petroleum & Chemical Equipment Corp Ltd
SHE:002278
|
$553.28 Million |
|
GR Engineering Services Ltd
AU:GNG
|
$552.63 Million |
|
Infibeam Avenues Limited
NSE:INFIBEAM
|
$552.56 Million |
|
Xingyuan Environment Technology Co Ltd
SHE:300266
|
$552.51 Million |
|
Value Grupo Financiero S.A.B. de C.V
MX:VALUEGFO
|
$552.48 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: 0.72x
- 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 2.50x to 0.72x 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$29.45 | x |
| 2007-12-31 | NT$11.88 | NT$29.45 | x |
| 2008-12-31 | NT$12.10 | NT$29.45 | x |
| 2009-12-31 | NT$13.84 | NT$29.45 | x |
| 2010-12-31 | NT$15.50 | NT$29.45 | x |
| 2011-12-31 | NT$16.27 | NT$29.45 | x |
| 2012-12-31 | NT$17.72 | NT$29.45 | x |
| 2013-12-31 | NT$15.67 | NT$29.45 | x |
| 2014-12-31 | NT$19.65 | NT$29.45 | x |
| 2015-12-31 | NT$18.96 | NT$29.45 | x |
| 2016-12-31 | NT$19.34 | NT$29.45 | x |
| 2017-12-31 | NT$19.00 | NT$29.45 | x |
| 2018-12-31 | NT$19.83 | NT$29.45 | x |
| 2019-12-31 | NT$21.12 | NT$29.45 | x |
| 2020-12-31 | NT$25.41 | NT$29.45 | x |
| 2021-12-31 | NT$29.33 | NT$29.45 | x |
| 2022-12-31 | NT$30.95 | NT$29.45 | x |
| 2023-12-31 | NT$33.41 | NT$29.45 | x |
| 2024-12-31 | NT$41.04 | NT$29.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kindom Construction Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.35%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 2.37x
- Recent ROE (22.62%) is above the historical average (10.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 3.21% | 2.98% | 0.47x | 2.29x | NT$-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: $3,858,567,000
- Average return on equity (ROE) among peers: 8.75%
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 | $552.64 Million |
| SanDi Properties Co Ltd (1438) | $536.72 Million | -1.04% | 0.13x | $77.60 Million |
| Huang Hsiang Construction Corp (2545) | $6.10 Billion | 14.29% | 3.44x | $448.64 Million |
| Rich Development Co Ltd (5512) | $10.56 Billion | 11.83% | 1.67x | $175.95 Million |
| Full Wang International Development Co Ltd (6219) | $1.86 Billion | 10.79% | 3.21x | $51.38 Million |
| San Far Property Ltd (9946) | $244.98 Million | 7.86% | 0.21x | $162.52 Million |
About 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