Hung Sheng Construction Ltd
Hung Sheng Construction Co., Ltd. constructs, sells, and leases residential and commercial buildings. The company was founded in 1975 and is based in Taipei, Taiwan.
Hung Sheng Construction Ltd (2534) - Net Assets
Latest net assets as of September 2025: NT$14.94 Billion TWD
Based on the latest financial reports, Hung Sheng Construction Ltd (2534) has net assets worth NT$14.94 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$31.48 Billion) and total liabilities (NT$16.55 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$14.94 Billion |
| % of Total Assets | 47.45% |
| Annual Growth Rate | 2.0% |
| 5-Year Change | 11.99% |
| 10-Year Change | 63.04% |
| Growth Volatility | 9.61 |
Hung Sheng Construction Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Hung Sheng Construction 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 Hung Sheng Construction Ltd (2000–2024)
The table below shows the annual net assets of Hung Sheng Construction Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$14.59 Billion | -0.68% |
| 2023-12-31 | NT$14.69 Billion | -1.62% |
| 2022-12-31 | NT$14.93 Billion | +10.90% |
| 2021-12-31 | NT$13.46 Billion | +3.35% |
| 2020-12-31 | NT$13.02 Billion | -6.82% |
| 2019-12-31 | NT$13.98 Billion | -1.07% |
| 2018-12-31 | NT$14.13 Billion | +15.39% |
| 2017-12-31 | NT$12.24 Billion | +28.04% |
| 2016-12-31 | NT$9.56 Billion | +6.89% |
| 2015-12-31 | NT$8.95 Billion | +2.70% |
| 2014-12-31 | NT$8.71 Billion | -8.27% |
| 2013-12-31 | NT$9.50 Billion | -9.92% |
| 2012-12-31 | NT$10.54 Billion | -4.22% |
| 2011-12-31 | NT$11.01 Billion | -2.65% |
| 2010-12-31 | NT$11.31 Billion | +8.99% |
| 2009-12-31 | NT$10.37 Billion | +6.09% |
| 2008-12-31 | NT$9.78 Billion | -14.51% |
| 2007-12-31 | NT$11.44 Billion | +8.62% |
| 2006-12-31 | NT$10.53 Billion | +20.40% |
| 2005-12-31 | NT$8.75 Billion | +6.65% |
| 2004-12-31 | NT$8.20 Billion | -0.31% |
| 2003-12-31 | NT$8.23 Billion | -1.71% |
| 2002-12-31 | NT$8.37 Billion | -6.11% |
| 2001-12-31 | NT$8.91 Billion | -1.76% |
| 2000-12-31 | NT$9.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hung Sheng Construction 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 565903400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.66 Billion | 38.80% |
| Other Components | NT$8.93 Billion | 61.20% |
| Total Equity | NT$14.59 Billion | 100.00% |
Hung Sheng Construction Ltd Competitors by Market Cap
The table below lists competitors of Hung Sheng Construction Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Doktas Dokumculuk Ticaret ve Sanayi AS
IS:DOKTA
|
$203.74 Million |
|
COINSHARES I. LS-000247
F:3TW
|
$203.82 Million |
|
W.A.G PAY.SOLU.PLC LS-01
F:9VU
|
$203.94 Million |
|
Zhejiang Gongdong Medical Technology Co Ltd
SHG:605369
|
$203.97 Million |
|
Shenzhen Friendcom Technology Development Co Ltd
SHE:300514
|
$203.64 Million |
|
Changzhou Shenli Electrical Machine Incorporated Co
SHG:603819
|
$203.63 Million |
|
SIGA Technologies Inc
NASDAQ:SIGA
|
$203.61 Million |
|
Fidelity D&D Bancorp Inc
NASDAQ:FDBC
|
$203.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hung Sheng Construction Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,685,170,000 to 14,585,182,000, a change of -99,988,000 (-0.7%).
- Net income of 297,856,000 contributed positively to equity growth.
- Dividend payments of 473,001,000 reduced retained earnings.
- Other comprehensive income decreased equity by 30,563,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$297.86 Million | +2.04% |
| Dividends Paid | NT$473.00 Million | -3.24% |
| Other Comprehensive Income | NT$-30.56 Million | -0.21% |
| Other Changes | NT$105.72 Million | +0.72% |
| Total Change | NT$- | -0.68% |
Book Value vs Market Value Analysis
This analysis compares Hung Sheng Construction 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: 0.66x
- 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 0.90x to 0.66x 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$22.41 | NT$20.25 | x |
| 2007-12-31 | NT$24.35 | NT$20.25 | x |
| 2008-12-31 | NT$20.81 | NT$20.25 | x |
| 2009-12-31 | NT$24.29 | NT$20.25 | x |
| 2010-12-31 | NT$24.07 | NT$20.25 | x |
| 2011-12-31 | NT$23.52 | NT$20.25 | x |
| 2012-12-31 | NT$23.24 | NT$20.25 | x |
| 2013-12-31 | NT$20.99 | NT$20.25 | x |
| 2014-12-31 | NT$19.25 | NT$20.25 | x |
| 2015-12-31 | NT$19.77 | NT$20.25 | x |
| 2016-12-31 | NT$21.13 | NT$20.25 | x |
| 2017-12-31 | NT$26.81 | NT$20.25 | x |
| 2018-12-31 | NT$23.89 | NT$20.25 | x |
| 2019-12-31 | NT$29.54 | NT$20.25 | x |
| 2020-12-31 | NT$34.40 | NT$20.25 | x |
| 2021-12-31 | NT$28.44 | NT$20.25 | x |
| 2022-12-31 | NT$31.52 | NT$20.25 | x |
| 2023-12-31 | NT$31.03 | NT$20.25 | x |
| 2024-12-31 | NT$30.84 | NT$20.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hung Sheng Construction Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.13%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.21x
- Recent ROE (2.04%) is below the historical average (8.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 6.17% | 17.03% | 0.15x | 2.42x | NT$-334.64 Million |
| 2006 | 19.70% | 18.98% | 0.65x | 1.59x | NT$1.02 Billion |
| 2007 | 24.23% | 32.10% | 0.49x | 1.54x | NT$1.63 Billion |
| 2008 | 6.02% | 55.54% | 0.06x | 1.92x | NT$-389.57 Million |
| 2009 | 11.10% | 45.10% | 0.14x | 1.80x | NT$114.33 Million |
| 2010 | 9.62% | 42.92% | 0.12x | 1.84x | NT$-42.58 Million |
| 2011 | 8.10% | 161.60% | 0.03x | 1.89x | NT$-208.88 Million |
| 2012 | 2.80% | 345.80% | 0.00x | 2.06x | NT$-758.88 Million |
| 2013 | -1.53% | -17.52% | 0.04x | 2.49x | NT$-1.10 Billion |
| 2014 | -2.72% | -24.37% | 0.04x | 2.87x | NT$-1.11 Billion |
| 2015 | 4.49% | 26.68% | 0.06x | 3.02x | NT$-493.28 Million |
| 2016 | 9.02% | 26.69% | 0.11x | 3.11x | NT$-93.73 Million |
| 2017 | 21.30% | 40.06% | 0.20x | 2.62x | NT$1.38 Billion |
| 2018 | 21.27% | 37.58% | 0.26x | 2.21x | NT$1.59 Billion |
| 2019 | 9.57% | 22.63% | 0.20x | 2.13x | NT$-59.78 Million |
| 2020 | 4.68% | 22.01% | 0.08x | 2.60x | NT$-692.28 Million |
| 2021 | 6.27% | 21.78% | 0.12x | 2.43x | NT$-501.97 Million |
| 2022 | 13.17% | 28.20% | 0.23x | 2.06x | NT$472.57 Million |
| 2023 | 3.55% | 20.40% | 0.08x | 2.20x | NT$-947.65 Million |
| 2024 | 2.04% | 14.13% | 0.07x | 2.21x | NT$-1.16 Billion |
Industry Comparison
This section compares Hung Sheng Construction 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: $6,308,051,667
- Average return on equity (ROE) among peers: 6.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hung Sheng Construction Ltd (2534) | NT$14.94 Billion | 6.17% | 1.11x | $203.67 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 |
| King’s Town Construction Co Ltd (2524) | $8.23 Billion | 17.33% | 1.31x | $49.96 Million |