Hung Ching Development & Construction Co Ltd (2527) - Net Assets
Based on the latest financial reports, Hung Ching Development & Construction Co Ltd (2527) has net assets worth NT$13.58 Billion TWD (≈ $427.96 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$28.05 Billion ≈ $883.75 Million USD) and total liabilities (NT$14.47 Billion ≈ $455.79 Million 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 strategically is Hung Ching Development & Construction Co's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$13.58 Billion |
| % of Total Assets | 48.43% |
| Annual Growth Rate | 4.8% |
| 5-Year Change | 66.91% |
| 10-Year Change | 72.05% |
| Growth Volatility | 16.42 |
Hung Ching Development & Construction Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Hung Ching Development & Construction Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Hung Ching Development & Construction Co market cap and net worth.
Annual Net Assets for Hung Ching Development & Construction Co Ltd (2002–2024)
The table below shows the annual net assets of Hung Ching Development & Construction Co Ltd from 2002 to 2024. Also explore how fast is Hung Ching Development & Construction Co growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$13.86 Billion ≈ $436.67 Million |
+17.21% |
| 2023-12-31 | NT$11.82 Billion ≈ $372.54 Million |
+23.18% |
| 2022-12-31 | NT$9.60 Billion ≈ $302.43 Million |
-9.89% |
| 2021-12-31 | NT$10.65 Billion ≈ $335.63 Million |
+28.29% |
| 2020-12-31 | NT$8.30 Billion ≈ $261.62 Million |
-2.08% |
| 2019-12-31 | NT$8.48 Billion ≈ $267.17 Million |
+21.61% |
| 2018-12-31 | NT$6.97 Billion ≈ $219.69 Million |
-8.79% |
| 2017-12-31 | NT$7.65 Billion ≈ $240.86 Million |
+3.46% |
| 2016-12-31 | NT$7.39 Billion ≈ $232.81 Million |
-8.27% |
| 2015-12-31 | NT$8.06 Billion ≈ $253.81 Million |
+3.69% |
| 2014-12-31 | NT$7.77 Billion ≈ $244.78 Million |
+24.98% |
| 2013-12-31 | NT$6.22 Billion ≈ $195.86 Million |
+4.45% |
| 2012-12-31 | NT$5.95 Billion ≈ $187.51 Million |
+5.64% |
| 2011-12-31 | NT$5.63 Billion ≈ $177.50 Million |
+0.71% |
| 2010-12-31 | NT$5.59 Billion ≈ $176.25 Million |
+12.71% |
| 2009-12-31 | NT$4.96 Billion ≈ $156.37 Million |
+27.57% |
| 2008-12-31 | NT$3.89 Billion ≈ $122.57 Million |
-24.23% |
| 2007-12-31 | NT$5.13 Billion ≈ $161.77 Million |
-0.61% |
| 2006-12-31 | NT$5.17 Billion ≈ $162.75 Million |
+33.82% |
| 2005-12-31 | NT$3.86 Billion ≈ $121.62 Million |
+16.86% |
| 2004-12-31 | NT$3.30 Billion ≈ $104.07 Million |
-25.82% |
| 2003-12-31 | NT$4.45 Billion ≈ $140.29 Million |
-9.90% |
| 2002-12-31 | NT$4.94 Billion ≈ $155.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hung Ching Development & 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 2849.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.25 Billion | 24.09% |
| Common Stock | NT$2.70 Billion | 20.06% |
| Other Comprehensive Income | NT$7.61 Billion | 56.48% |
| Total Equity | NT$13.48 Billion | 100.00% |
Hung Ching Development & Construction Co Ltd Competitors by Market Cap
The table below lists competitors of Hung Ching Development & Construction Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Carolina Financial Services, Inc.
NYSE:FCBM
|
$377.77 Million |
|
Sohu.Com Inc
NASDAQ:SOHU
|
$377.92 Million |
|
Samudera Indonesia Tbk
JK:SMDR
|
$378.06 Million |
|
Siamgas and Petrochemicals Public Company Limited
BK:SGP-R
|
$378.08 Million |
|
Malaysia Smelting Corporation Bhd
KLSE:5916
|
$377.50 Million |
|
Shanghai Wondertek Software Co Ltd
SHG:603189
|
$377.47 Million |
|
Inzone Group Co Ltd
SHG:600858
|
$377.47 Million |
|
Agriculture & Natural Solutions Acquisition Corporation Class A Ordinary Shares
NASDAQ:ANSC
|
$377.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hung Ching Development & Construction Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,418,585,000 to 13,475,159,000, a change of 2,056,574,000 (18.0%).
- Net income of 1,272,344,000 contributed positively to equity growth.
- Dividend payments of 392,637,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,161,230,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.27 Billion | +9.44% |
| Dividends Paid | NT$392.64 Million | -2.91% |
| Other Comprehensive Income | NT$1.16 Billion | +8.62% |
| Other Changes | NT$15.64 Million | +0.12% |
| Total Change | NT$- | 18.01% |
Book Value vs Market Value Analysis
This analysis compares Hung Ching Development & 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: 0.89x
- 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 2.65x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$17.27 | NT$45.80 | x |
| 2010-12-31 | NT$19.64 | NT$45.80 | x |
| 2011-12-31 | NT$19.72 | NT$45.80 | x |
| 2012-12-31 | NT$20.67 | NT$45.80 | x |
| 2013-12-31 | NT$21.83 | NT$45.80 | x |
| 2014-12-31 | NT$27.71 | NT$45.80 | x |
| 2015-12-31 | NT$28.75 | NT$45.80 | x |
| 2016-12-31 | NT$26.47 | NT$45.80 | x |
| 2017-12-31 | NT$27.61 | NT$45.80 | x |
| 2018-12-31 | NT$25.00 | NT$45.80 | x |
| 2019-12-31 | NT$30.75 | NT$45.80 | x |
| 2020-12-31 | NT$30.23 | NT$45.80 | x |
| 2021-12-31 | NT$39.13 | NT$45.80 | x |
| 2022-12-31 | NT$35.29 | NT$45.80 | x |
| 2023-12-31 | NT$43.46 | NT$45.80 | x |
| 2024-12-31 | NT$51.22 | NT$45.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hung Ching Development & Construction Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.51%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 2.03x
- Recent ROE (9.44%) is above the historical average (5.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 2.70% | 5.29% | 0.24x | 2.16x | NT$-247.92 Million |
| 2006 | 4.36% | 12.24% | 0.20x | 1.81x | NT$-264.82 Million |
| 2007 | 1.34% | 7.27% | 0.11x | 1.69x | NT$-404.03 Million |
| 2008 | 1.86% | 8.83% | 0.11x | 1.94x | NT$-278.93 Million |
| 2009 | 2.88% | 13.77% | 0.12x | 1.77x | NT$-322.28 Million |
| 2010 | 3.82% | 36.67% | 0.05x | 1.90x | NT$-318.28 Million |
| 2011 | 9.14% | 163.33% | 0.03x | 2.10x | NT$-44.88 Million |
| 2012 | 4.58% | 15.24% | 0.13x | 2.37x | NT$-294.89 Million |
| 2013 | 5.74% | 13.78% | 0.15x | 2.79x | NT$-244.80 Million |
| 2014 | 12.10% | 17.78% | 0.32x | 2.13x | NT$153.81 Million |
| 2015 | 9.22% | 23.76% | 0.18x | 2.21x | NT$-59.58 Million |
| 2016 | 0.92% | 8.56% | 0.04x | 2.70x | NT$-632.08 Million |
| 2017 | 0.47% | 19.05% | 0.01x | 2.99x | NT$-689.10 Million |
| 2018 | 6.37% | 9.22% | 0.22x | 3.12x | NT$-239.00 Million |
| 2019 | 9.16% | 11.56% | 0.36x | 2.22x | NT$-68.03 Million |
| 2020 | 4.92% | 11.27% | 0.20x | 2.15x | NT$-403.10 Million |
| 2021 | 15.71% | 23.16% | 0.39x | 1.74x | NT$588.50 Million |
| 2022 | 3.29% | 21.98% | 0.07x | 2.13x | NT$-622.07 Million |
| 2023 | 5.08% | 25.05% | 0.08x | 2.45x | NT$-561.85 Million |
| 2024 | 9.44% | 17.51% | 0.27x | 2.03x | NT$-75.17 Million |
Industry Comparison
This section compares Hung Ching Development & Construction Co Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $2,605,560,667
- Average return on equity (ROE) among peers: 10.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hung Ching Development & Construction Co Ltd (2527) | NT$13.58 Billion | 2.70% | 1.07x | $377.70 Million |
| Sun Yad Construction Co Ltd (1316) | $1.17 Billion | -11.01% | 0.95x | $120.45 Million |
| GTM Holdings Corp (1437) | $2.06 Billion | 3.03% | 0.90x | $210.00 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.13 Billion | 4.19% | 3.04x | $41.49 Million |
| Hiyes International Co Ltd (2348) | $714.06 Million | 47.40% | 1.33x | $354.71 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.67 Billion | 10.73% | 0.91x | $105.41 Million |
| Crowell Development Corp (2528) | $1.01 Billion | 15.40% | 0.51x | $311.01 Million |
| JSL Construction & Development Co Ltd (2540) | $4.16 Billion | 4.44% | 1.72x | $1.51 Billion |
| Wanhwa Enterprise Co (2701) | $3.23 Billion | 11.73% | 0.32x | $147.44 Million |
| First Hotel Co Ltd (2706) | $6.32 Billion | 4.42% | 0.15x | $191.40 Million |
About Hung Ching Development & Construction Co Ltd
Hung Ching Development & Construction Co. Ltd. develops and constructs residential and commercial buildings for rent and sale in Taiwan. It also retails household appliances and supplies; contractor of construction projects; leasing of mall and office building; real estate development; technical consulting services of electronic engineering and architectural engineering; and operates department s… Read more