King’s Town Construction Co Ltd
King's Town Construction Co., Ltd. engages in the residential and building development in Taiwan. The company also develops, leases, and sells specific professional zones. In addition, it engages in the hotel and restaurant businesses; and district expropriation and urban land rezoning agency business. The company was formerly known as Wei Cheng Construction Co., Ltd. The company was founded in 1… Read more
King’s Town Construction Co Ltd (2524) - Net Assets
Latest net assets as of September 2025: NT$21.03 Billion TWD
Based on the latest financial reports, King’s Town Construction Co Ltd (2524) has net assets worth NT$21.03 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$39.83 Billion) and total liabilities (NT$18.80 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$21.03 Billion |
| % of Total Assets | 52.8% |
| Annual Growth Rate | 10.11% |
| 5-Year Change | 40.23% |
| 10-Year Change | 92.76% |
| Growth Volatility | 5.85 |
King’s Town Construction Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how King’s Town Construction Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for King’s Town Construction Co Ltd (2005–2024)
The table below shows the annual net assets of King’s Town Construction Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$20.56 Billion | +15.98% |
| 2023-12-31 | NT$17.73 Billion | +2.62% |
| 2022-12-31 | NT$17.28 Billion | +5.56% |
| 2021-12-31 | NT$16.37 Billion | +11.62% |
| 2020-12-31 | NT$14.66 Billion | +9.23% |
| 2019-12-31 | NT$13.42 Billion | +14.12% |
| 2018-12-31 | NT$11.76 Billion | -2.18% |
| 2017-12-31 | NT$12.02 Billion | +6.97% |
| 2016-12-31 | NT$11.24 Billion | +5.38% |
| 2015-12-31 | NT$10.67 Billion | -0.52% |
| 2014-12-31 | NT$10.72 Billion | +10.00% |
| 2013-12-31 | NT$9.75 Billion | +18.38% |
| 2012-12-31 | NT$8.23 Billion | +17.98% |
| 2011-12-31 | NT$6.98 Billion | +12.54% |
| 2010-12-31 | NT$6.20 Billion | +16.76% |
| 2009-12-31 | NT$5.31 Billion | +10.81% |
| 2008-12-31 | NT$4.79 Billion | +10.78% |
| 2007-12-31 | NT$4.33 Billion | +15.96% |
| 2006-12-31 | NT$3.73 Billion | +13.13% |
| 2005-12-31 | NT$3.30 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to King’s Town Construction Co Ltd'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 1315.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$15.04 Billion | 73.14% |
| Common Stock | NT$3.69 Billion | 17.97% |
| Other Comprehensive Income | NT$1.82 Billion | 8.85% |
| Other Components | NT$8.08 Million | 0.04% |
| Total Equity | NT$20.56 Billion | 100.00% |
King’s Town Construction Co Ltd Competitors by Market Cap
The table below lists competitors of King’s Town Construction Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Marie Brizard Wine & Spirits
PA:MBWS
|
$49.99 Million |
|
SOLTEC POWER HOLD. EO-25
F:5PZ
|
$49.99 Million |
|
ReaLy Development & Construction
TWO:2596
|
$50.00 Million |
|
Cameo Communications Inc
TW:6142
|
$50.00 Million |
|
Pulse Seismic Inc
OTCQX:PLSDF
|
$49.96 Million |
|
Scana ASA
OL:SCANA
|
$49.95 Million |
|
Senzime AB
ST:SEZI
|
$49.92 Million |
|
Selena FM S.A.
WAR:SEL
|
$49.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in King’s Town Construction Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,728,015,000 to 20,560,893,000, a change of 2,832,878,000 (16.0%).
- Net income of 2,831,693,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 44,127,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.83 Billion | +13.77% |
| Other Comprehensive Income | NT$44.13 Million | +0.21% |
| Other Changes | NT$-42.94 Million | -0.21% |
| Total Change | NT$- | 15.98% |
Book Value vs Market Value Analysis
This analysis compares King’s Town Construction Co Ltd'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 4.31x 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$9.21 | NT$39.75 | x |
| 2007-12-31 | NT$12.10 | NT$39.75 | x |
| 2008-12-31 | NT$12.20 | NT$39.75 | x |
| 2009-12-31 | NT$15.00 | NT$39.75 | x |
| 2010-12-31 | NT$17.49 | NT$39.75 | x |
| 2011-12-31 | NT$19.11 | NT$39.75 | x |
| 2012-12-31 | NT$21.45 | NT$39.75 | x |
| 2013-12-31 | NT$25.39 | NT$39.75 | x |
| 2014-12-31 | NT$27.94 | NT$39.75 | x |
| 2015-12-31 | NT$27.78 | NT$39.75 | x |
| 2016-12-31 | NT$29.25 | NT$39.75 | x |
| 2017-12-31 | NT$31.27 | NT$39.75 | x |
| 2018-12-31 | NT$30.58 | NT$39.75 | x |
| 2019-12-31 | NT$34.84 | NT$39.75 | x |
| 2020-12-31 | NT$38.95 | NT$39.75 | x |
| 2021-12-31 | NT$44.01 | NT$39.75 | x |
| 2022-12-31 | NT$46.68 | NT$39.75 | x |
| 2023-12-31 | NT$47.97 | NT$39.75 | x |
| 2024-12-31 | NT$55.58 | NT$39.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently King’s Town Construction Co Ltd 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): 13.77%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.50%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.00x
- Recent ROE (13.77%) is above the historical average (11.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 24.68% | 24.63% | 0.31x | 3.24x | NT$484.31 Million |
| 2006 | 16.46% | 21.95% | 0.24x | 3.09x | NT$241.00 Million |
| 2007 | 16.13% | 19.71% | 0.33x | 2.47x | NT$265.16 Million |
| 2008 | 12.50% | 19.90% | 0.29x | 2.16x | NT$119.77 Million |
| 2009 | 9.78% | 17.82% | 0.28x | 1.95x | NT$-11.49 Million |
| 2010 | 15.20% | 24.26% | 0.36x | 1.76x | NT$322.35 Million |
| 2011 | 11.87% | 32.24% | 0.18x | 2.03x | NT$130.27 Million |
| 2012 | 17.33% | 37.24% | 0.20x | 2.31x | NT$603.46 Million |
| 2013 | 16.04% | 32.68% | 0.19x | 2.58x | NT$588.72 Million |
| 2014 | 9.10% | 30.03% | 0.11x | 2.68x | NT$-96.71 Million |
| 2015 | 2.19% | 13.41% | 0.06x | 2.86x | NT$-833.17 Million |
| 2016 | 5.08% | 21.81% | 0.08x | 2.83x | NT$-552.50 Million |
| 2017 | 6.45% | 18.52% | 0.13x | 2.72x | NT$-427.37 Million |
| 2018 | 4.23% | 15.08% | 0.10x | 2.83x | NT$-678.90 Million |
| 2019 | 12.34% | 27.65% | 0.17x | 2.69x | NT$314.29 Million |
| 2020 | 11.49% | 19.44% | 0.27x | 2.21x | NT$218.67 Million |
| 2021 | 10.31% | 25.35% | 0.19x | 2.11x | NT$50.82 Million |
| 2022 | 5.84% | 29.84% | 0.10x | 2.03x | NT$-717.83 Million |
| 2023 | 2.49% | 17.31% | 0.07x | 2.09x | NT$-1.33 Billion |
| 2024 | 13.77% | 30.50% | 0.23x | 2.00x | NT$775.60 Million |
Industry Comparison
This section compares King’s Town Construction Co Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $6,401,349,111
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| King’s Town Construction Co Ltd (2524) | NT$21.03 Billion | 24.68% | 0.89x | $49.96 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 |
| Prince Housing & Development Corp (2511) | $10.50 Billion | -3.12% | 3.02x | $221.71 Million |
| Hung Sheng Construction Ltd (2534) | $9.07 Billion | 0.00% | 1.89x | $203.67 Million |