Crowell Development Corp (2528) - Net Assets
Based on the latest financial reports, Crowell Development Corp (2528) has net assets worth NT$7.19 Billion TWD (≈ $226.64 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$22.44 Billion ≈ $707.13 Million USD) and total liabilities (NT$15.25 Billion ≈ $480.49 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 tangible equity quality of Crowell Development Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$7.19 Billion |
| % of Total Assets | 32.05% |
| Annual Growth Rate | 10.07% |
| 5-Year Change | 86.43% |
| 10-Year Change | 516.09% |
| Growth Volatility | 55.29 |
Crowell Development Corp - Net Assets Trend (2002–2025)
This chart illustrates how Crowell Development Corp's net assets have evolved over time, based on quarterly financial data. See Crowell Development Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Crowell Development Corp (2002–2025)
The table below shows the annual net assets of Crowell Development Corp from 2002 to 2025. For live valuation and market cap data, see Crowell Development Corp (2528) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$7.89 Billion ≈ $248.59 Million |
+11.12% |
| 2024-12-31 | NT$7.10 Billion ≈ $223.71 Million |
+34.15% |
| 2023-12-31 | NT$5.29 Billion ≈ $166.76 Million |
+2.52% |
| 2022-12-31 | NT$5.16 Billion ≈ $162.67 Million |
+21.99% |
| 2021-12-31 | NT$4.23 Billion ≈ $133.34 Million |
+13.10% |
| 2020-12-31 | NT$3.74 Billion ≈ $117.90 Million |
+26.74% |
| 2019-12-31 | NT$2.95 Billion ≈ $93.02 Million |
+18.60% |
| 2018-12-31 | NT$2.49 Billion ≈ $78.44 Million |
+95.21% |
| 2017-12-31 | NT$1.28 Billion ≈ $40.18 Million |
-0.42% |
| 2016-12-31 | NT$1.28 Billion ≈ $40.35 Million |
-1.50% |
| 2015-12-31 | NT$1.30 Billion ≈ $40.96 Million |
-1.71% |
| 2014-12-31 | NT$1.32 Billion ≈ $41.68 Million |
+3.27% |
| 2013-12-31 | NT$1.28 Billion ≈ $40.36 Million |
+33.98% |
| 2012-12-31 | NT$956.05 Million ≈ $30.12 Million |
+7.67% |
| 2011-12-31 | NT$887.97 Million ≈ $27.98 Million |
-5.15% |
| 2010-12-31 | NT$936.20 Million ≈ $29.50 Million |
-6.91% |
| 2009-12-31 | NT$1.01 Billion ≈ $31.68 Million |
+227.26% |
| 2008-12-31 | NT$307.29 Million ≈ $9.68 Million |
-11.55% |
| 2007-12-31 | NT$347.41 Million ≈ $10.95 Million |
-7.75% |
| 2006-12-31 | NT$376.58 Million ≈ $11.86 Million |
+51.33% |
| 2005-12-31 | NT$248.86 Million ≈ $7.84 Million |
+69.73% |
| 2004-12-31 | NT$146.62 Million ≈ $4.62 Million |
-58.26% |
| 2003-12-31 | NT$351.30 Million ≈ $11.07 Million |
-59.58% |
| 2002-12-31 | NT$869.07 Million ≈ $27.38 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 163585800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.64 Billion | 20.73% |
| Common Stock | NT$4.34 Billion | 55.01% |
| Other Comprehensive Income | NT$832.64 Million | 10.55% |
| Other Components | NT$1.08 Billion | 13.71% |
| Total Equity | NT$7.89 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 |
|---|---|
|
Oneconnect Financial Technology Co
NYSE:OCFT
|
$307.70 Million |
|
Sabvest Capital Ltd
JSE:SBP
|
$307.73 Million |
|
Best Pacific International Holdings Limited
F:NWQ
|
$307.78 Million |
|
Glarner Kantonalbank
SW:GLKBN
|
$307.80 Million |
|
Jeju Bank
KO:006220
|
$307.64 Million |
|
Polestar Automotive Holding UK PLC Class C-1 ADS (ADW)
NASDAQ:PSNYW
|
$307.58 Million |
|
Fiverr International Ltd
F:11V
|
$307.56 Million |
|
Bunker Hill Mining Corp.
V:BNKR
|
$307.44 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 2024 to 2025, total equity changed from 7,100,782,000 to 7,890,343,000, a change of 789,561,000 (11.1%).
- Net income of 1,532,618,000 contributed positively to equity growth.
- Dividend payments of 826,717,000 reduced retained earnings.
- Other comprehensive income increased equity by 832,640,000.
- Other factors decreased equity by 748,980,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.53 Billion | +19.42% |
| Dividends Paid | NT$826.72 Million | -10.48% |
| Other Comprehensive Income | NT$832.64 Million | +10.55% |
| Other Changes | NT$-748.98 Million | -9.49% |
| Total Change | NT$- | 11.12% |
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: 1.27x
- 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$22.40 | x |
| 2010-12-31 | NT$8.78 | NT$22.40 | x |
| 2011-12-31 | NT$8.33 | NT$22.40 | x |
| 2012-12-31 | NT$6.67 | NT$22.40 | x |
| 2013-12-31 | NT$8.13 | NT$22.40 | x |
| 2014-12-31 | NT$8.36 | NT$22.40 | x |
| 2015-12-31 | NT$9.59 | NT$22.40 | x |
| 2016-12-31 | NT$9.44 | NT$22.40 | x |
| 2017-12-31 | NT$8.56 | NT$22.40 | x |
| 2018-12-31 | NT$13.60 | NT$22.40 | x |
| 2019-12-31 | NT$11.23 | NT$22.40 | x |
| 2020-12-31 | NT$12.31 | NT$22.40 | x |
| 2021-12-31 | NT$11.17 | NT$22.40 | x |
| 2022-12-31 | NT$12.14 | NT$22.40 | x |
| 2023-12-31 | NT$12.20 | NT$22.40 | x |
| 2024-12-31 | NT$16.34 | NT$22.40 | x |
| 2025-12-31 | NT$17.67 | NT$22.40 | 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): 19.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.48%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.85x
- Recent ROE (19.42%) is above the historical average (4.81%), 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 |
| 2025 | 19.42% | 12.48% | 0.55x | 2.85x | NT$743.58 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: $2,523,609,667
- Average return on equity (ROE) among peers: -428.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Crowell Development Corp (2528) | NT$7.19 Billion | 29.57% | 2.12x | $307.69 Million |
| Sun Yad Construction Co Ltd (1316) | $798.51 Million | 0.00% | 0.75x | $122.69 Million |
| GTM Holdings Corp (1437) | $7.11 Billion | 5.73% | 0.77x | $187.94 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.18 Billion | 3.27% | 2.96x | $45.77 Million |
| Hiyes International Co Ltd (2348) | $17.58 Million | -3932.38% | 2.84x | $367.14 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.17 Billion | 11.59% | 0.97x | $102.94 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $3.86 Billion | 2.37% | 0.90x | $328.22 Million |
| JSL Construction & Development Co Ltd (2540) | $104.09 Million | 44.57% | 4.44x | $1.64 Billion |
| Wanhwa Enterprise Co (2701) | $3.25 Billion | 4.23% | 0.32x | $149.56 Million |
| First Hotel Co Ltd (2706) | $3.23 Billion | 5.10% | 0.31x | $196.91 Million |
About 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