Kindom Construction Corp (2520) - Net Assets
Based on the latest financial reports, Kindom Construction Corp (2520) has net assets worth NT$28.50 Billion TWD (≈ $897.81 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$65.80 Billion ≈ $2.07 Billion USD) and total liabilities (NT$37.31 Billion ≈ $1.18 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 how tangible is Kindom Construction Corp's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$28.50 Billion |
| % of Total Assets | 43.31% |
| Annual Growth Rate | 5.9% |
| 5-Year Change | 47.76% |
| 10-Year Change | 123.09% |
| Growth Volatility | 9.55 |
Kindom Construction Corp - Net Assets Trend (2001–2025)
This chart illustrates how Kindom Construction Corp's net assets have evolved over time, based on quarterly financial data. See 2520 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kindom Construction Corp (2001–2025)
The table below shows the annual net assets of Kindom Construction Corp from 2001 to 2025. For live valuation and market cap data, see market value of Kindom Construction Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$29.55 Billion ≈ $930.83 Million |
+4.77% |
| 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 |
-- |
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 2168.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$13.36 Billion | 54.71% |
| Common Stock | NT$6.09 Billion | 24.96% |
| Other Comprehensive Income | NT$3.83 Billion | 15.69% |
| Other Components | NT$1.13 Billion | 4.64% |
| Total Equity | NT$24.42 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 |
|---|---|
|
Santacruz Silver Mining Ltd.
V:SCZ
|
$676.24 Million |
|
BES Engineering Co
TW:2515
|
$676.28 Million |
|
Mitek Systems Inc
NASDAQ:MITK
|
$676.48 Million |
|
Jiangsu Yida Chemical Co Ltd Class A
SHE:300721
|
$676.63 Million |
|
Guangzhou Haoyun Security Technologies Co Ltd
SHE:300448
|
$676.14 Million |
|
Beijing Global Safety Technology Co Ltd
SHE:300523
|
$676.08 Million |
|
Keystone Technology Co Ltd
SHG:605588
|
$676.05 Million |
|
Alltop Technology Co Ltd
TWO:3526
|
$676.05 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 2024 to 2025, total equity changed from 24,537,130,000 to 24,416,182,000, a change of -120,948,000 (-0.5%).
- Net income of 1,556,138,000 contributed positively to equity growth.
- Dividend payments of 1,678,585,000 reduced retained earnings.
- Other comprehensive income increased equity by 555,694,000.
- Other factors decreased equity by 554,195,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.56 Billion | +6.37% |
| Dividends Paid | NT$1.68 Billion | -6.87% |
| Other Comprehensive Income | NT$555.69 Million | +2.28% |
| Other Changes | NT$-554.20 Million | -2.27% |
| Total Change | NT$- | -0.49% |
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: 1.34x
- 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 3.09x to 1.34x 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$36.40 | x |
| 2007-12-31 | NT$11.88 | NT$36.40 | x |
| 2008-12-31 | NT$12.10 | NT$36.40 | x |
| 2009-12-31 | NT$13.84 | NT$36.40 | x |
| 2010-12-31 | NT$15.50 | NT$36.40 | x |
| 2011-12-31 | NT$16.27 | NT$36.40 | x |
| 2012-12-31 | NT$17.72 | NT$36.40 | x |
| 2013-12-31 | NT$15.67 | NT$36.40 | x |
| 2014-12-31 | NT$19.65 | NT$36.40 | x |
| 2015-12-31 | NT$18.96 | NT$36.40 | x |
| 2016-12-31 | NT$19.34 | NT$36.40 | x |
| 2017-12-31 | NT$19.00 | NT$36.40 | x |
| 2018-12-31 | NT$19.83 | NT$36.40 | x |
| 2019-12-31 | NT$21.12 | NT$36.40 | x |
| 2020-12-31 | NT$25.41 | NT$36.40 | x |
| 2021-12-31 | NT$29.33 | NT$36.40 | x |
| 2022-12-31 | NT$30.95 | NT$36.40 | x |
| 2023-12-31 | NT$33.41 | NT$36.40 | x |
| 2024-12-31 | NT$41.04 | NT$36.40 | x |
| 2025-12-31 | NT$27.21 | NT$36.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kindom Construction Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.37%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.80%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.66x
- Recent ROE (6.37%) is below the historical average (10.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 3.21% | 2.98% | 0.47x | 2.29x | NT$-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$3.10 Billion |
| 2025 | 6.37% | 6.80% | 0.35x | 2.66x | NT$-885.48 Million |
Industry Comparison
This section compares Kindom Construction Corp's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $6,664,468,556
- Average return on equity (ROE) among peers: 3.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kindom Construction Corp (2520) | NT$28.50 Billion | 3.21% | 1.31x | $676.18 Million |
| Tri Ocean Textile Co Ltd (1472) | $675.73 Million | -29.94% | 1.36x | $150.48 Million |
| United Integrated Services Co Ltd (2404) | $4.10 Billion | 7.78% | 0.84x | $7.52 Billion |
| Long Bon International Co Ltd (2514) | $8.55 Billion | 4.59% | 0.60x | $154.57 Million |
| BES Engineering Co (2515) | $22.93 Billion | 11.67% | 1.10x | $676.28 Million |
| New Asia Construction & Development Corp (2516) | $2.83 Billion | -1.22% | 2.28x | $95.17 Million |
| Delpha Construction Co Ltd (2530) | $10.52 Billion | 4.29% | 0.93x | $530.08 Million |
| Da-Cin Construction Co Ltd (2535) | $6.54 Billion | 8.35% | 1.71x | $767.22 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $2.73 Billion | 4.16% | 0.92x | $734.35 Million |
| Kedge Construction Co Ltd (2546) | $1.10 Billion | 23.06% | 1.75x | $396.42 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