Crowell Development Corp
Crowell Development Corp. engages in the construction, leasing, and sale of commercial and residential buildings in Taiwan. It is also involved in the investment and development of parking lots; operation of playgrounds, amusement parks, sports stadiums, supermarkets, warehouses, restaurants, coffee shops, and hotels; manufacture and sale of building materials; sale and import and export of decor… Read more
Crowell Development Corp (2528) - Net Assets
Latest net assets as of September 2025: NT$7.76 Billion TWD
Based on the latest financial reports, Crowell Development Corp (2528) has net assets worth NT$7.76 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$23.56 Billion) and total liabilities (NT$15.80 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$7.76 Billion |
| % of Total Assets | 32.94% |
| Annual Growth Rate | 10.02% |
| 5-Year Change | 89.75% |
| 10-Year Change | 446.13% |
| Growth Volatility | 56.5 |
Crowell Development Corp - Net Assets Trend (2002–2024)
This chart illustrates how Crowell Development 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 Crowell Development Corp (2002–2024)
The table below shows the annual net assets of Crowell Development Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.10 Billion | +34.15% |
| 2023-12-31 | NT$5.29 Billion | +2.52% |
| 2022-12-31 | NT$5.16 Billion | +21.99% |
| 2021-12-31 | NT$4.23 Billion | +13.10% |
| 2020-12-31 | NT$3.74 Billion | +26.74% |
| 2019-12-31 | NT$2.95 Billion | +18.60% |
| 2018-12-31 | NT$2.49 Billion | +95.21% |
| 2017-12-31 | NT$1.28 Billion | -0.42% |
| 2016-12-31 | NT$1.28 Billion | -1.50% |
| 2015-12-31 | NT$1.30 Billion | -1.71% |
| 2014-12-31 | NT$1.32 Billion | +3.27% |
| 2013-12-31 | NT$1.28 Billion | +33.98% |
| 2012-12-31 | NT$956.05 Million | +7.67% |
| 2011-12-31 | NT$887.97 Million | -5.15% |
| 2010-12-31 | NT$936.20 Million | -6.91% |
| 2009-12-31 | NT$1.01 Billion | +227.26% |
| 2008-12-31 | NT$307.29 Million | -11.55% |
| 2007-12-31 | NT$347.41 Million | -7.75% |
| 2006-12-31 | NT$376.58 Million | +51.33% |
| 2005-12-31 | NT$248.86 Million | +69.73% |
| 2004-12-31 | NT$146.62 Million | -58.26% |
| 2003-12-31 | NT$351.30 Million | -59.58% |
| 2002-12-31 | NT$869.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Crowell Development 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 134108100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.34 Billion | 18.89% |
| Common Stock | NT$4.13 Billion | 58.21% |
| Other Components | NT$1.63 Billion | 22.90% |
| Total Equity | NT$7.10 Billion | 100.00% |
Crowell Development Corp Competitors by Market Cap
The table below lists competitors of Crowell Development Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Everfine Photo E Info
SHE:300306
|
$196.04 Million |
|
Changchun Engley Automobile Industry Co.Ltd.
SHG:601279
|
$196.07 Million |
|
Shanghai Research Institute of Building Sciences Group Co. Ltd A
SHG:603153
|
$196.10 Million |
|
GLOBALSTAR INC. DL -0001
F:P8S
|
$196.12 Million |
|
North East Rubbers Public Company Limited
BK:NER
|
$196.00 Million |
|
Atria Oyj A
HE:ATRAV
|
$195.99 Million |
|
GD Culture Group Limited
NASDAQ:GDC
|
$195.90 Million |
|
Provident Bancorp Inc
NASDAQ:PVBC
|
$195.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Crowell Development Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,292,995,000 to 7,100,782,000, a change of 1,807,787,000 (34.2%).
- Net income of 1,299,010,000 contributed positively to equity growth.
- Dividend payments of 192,490,000 reduced retained earnings.
- Other comprehensive income decreased equity by 176,879,000.
- Other factors increased equity by 878,146,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.30 Billion | +18.29% |
| Dividends Paid | NT$192.49 Million | -2.71% |
| Other Comprehensive Income | NT$-176.88 Million | -2.49% |
| Other Changes | NT$878.15 Million | +12.37% |
| Total Change | NT$- | 34.15% |
Book Value vs Market Value Analysis
This analysis compares Crowell Development 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: 1.66x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$16.90 | NT$27.20 | x |
| 2010-12-31 | NT$8.78 | NT$27.20 | x |
| 2011-12-31 | NT$8.33 | NT$27.20 | x |
| 2012-12-31 | NT$6.67 | NT$27.20 | x |
| 2013-12-31 | NT$8.13 | NT$27.20 | x |
| 2014-12-31 | NT$8.36 | NT$27.20 | x |
| 2015-12-31 | NT$9.59 | NT$27.20 | x |
| 2016-12-31 | NT$9.44 | NT$27.20 | x |
| 2017-12-31 | NT$8.56 | NT$27.20 | x |
| 2018-12-31 | NT$13.60 | NT$27.20 | x |
| 2019-12-31 | NT$11.23 | NT$27.20 | x |
| 2020-12-31 | NT$12.31 | NT$27.20 | x |
| 2021-12-31 | NT$11.17 | NT$27.20 | x |
| 2022-12-31 | NT$12.14 | NT$27.20 | x |
| 2023-12-31 | NT$12.20 | NT$27.20 | x |
| 2024-12-31 | NT$16.34 | NT$27.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Crowell Development 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): 18.29%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.37%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 4.03x
- Recent ROE (18.29%) is above the historical average (3.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 29.57% | 154.29% | 0.02x | 12.44x | NT$46.76 Million |
| 2009 | 15.54% | 42.61% | 0.24x | 1.52x | NT$55.16 Million |
| 2010 | -6.45% | -592.98% | 0.01x | 1.53x | NT$-154.04 Million |
| 2011 | -5.43% | -92.83% | 0.03x | 1.82x | NT$-137.02 Million |
| 2012 | 3.49% | 7458.61% | 0.00x | 2.19x | NT$-62.27 Million |
| 2013 | 12.58% | 8.63% | 1.13x | 1.28x | NT$33.04 Million |
| 2014 | 4.24% | 16.09% | 0.23x | 1.16x | NT$-76.16 Million |
| 2015 | 0.06% | 0.60% | 0.08x | 1.39x | NT$-129.20 Million |
| 2016 | -1.52% | -15.26% | 0.07x | 1.43x | NT$-147.56 Million |
| 2017 | -12.32% | -241.46% | 0.04x | 1.40x | NT$-284.68 Million |
| 2018 | -2.81% | -32.06% | 0.03x | 2.52x | NT$-318.99 Million |
| 2019 | -3.19% | -6924.47% | 0.00x | 2.98x | NT$-389.50 Million |
| 2020 | -5.62% | -17.91% | 0.10x | 3.28x | NT$-584.68 Million |
| 2021 | 11.58% | 15.35% | 0.19x | 3.91x | NT$66.92 Million |
| 2022 | 4.62% | 13.79% | 0.09x | 3.72x | NT$-277.92 Million |
| 2023 | 4.56% | 13.06% | 0.09x | 4.05x | NT$-287.70 Million |
| 2024 | 18.29% | 24.37% | 0.19x | 4.03x | NT$588.93 Million |
Industry Comparison
This section compares Crowell Development Corp's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $4,054,611,000
- Average return on equity (ROE) among peers: 6.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Crowell Development Corp (2528) | NT$7.76 Billion | 29.57% | 2.04x | $196.03 Million |
| Sun Yad Construction Co Ltd (1316) | $2.61 Billion | -3.93% | 1.72x | $118.24 Million |
| GTM Holdings Corp (1437) | $5.06 Billion | 8.52% | 0.86x | $109.18 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.29 Billion | 5.28% | 4.21x | $7.40 Million |
| Hiyes International Co Ltd (2348) | $1.11 Billion | 8.17% | 0.85x | $117.34 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.67 Billion | 10.73% | 0.91x | $52.37 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $7.39 Billion | 0.87% | 1.55x | $137.37 Million |
| JSL Construction & Development Co Ltd (2540) | $4.04 Billion | 6.45% | 1.48x | $370.33 Million |
| Wanhwa Enterprise Co (2701) | $3.23 Billion | 11.73% | 0.32x | $33.60 Million |
| First Hotel Co Ltd (2706) | $8.10 Billion | 6.19% | 0.15x | $50.43 Million |