We & Win Development Co Ltd
WE & WIN Development Co., LTD engages in the development and construction of real estate in Taiwan. It also develops residential building, rents, sells, real estate, and installs computer equipment. The company was formerly known as Chun Chi Development Co., Ltd. and changed its name to WE & WIN Development Co., LTD in June 2008. WE & WIN Development Co., LTD was incorporated in 1987 and is based… Read more
We & Win Development Co Ltd (2537) - Net Assets
Latest net assets as of September 2025: NT$4.42 Billion TWD
Based on the latest financial reports, We & Win Development Co Ltd (2537) has net assets worth NT$4.42 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$18.60 Billion) and total liabilities (NT$14.18 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$4.42 Billion |
| % of Total Assets | 23.78% |
| Annual Growth Rate | 7.22% |
| 5-Year Change | 8.86% |
| 10-Year Change | 8.2% |
| Growth Volatility | 34.39 |
We & Win Development Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how We & Win Development 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 We & Win Development Co Ltd (2002–2024)
The table below shows the annual net assets of We & Win Development Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.39 Billion | +7.73% |
| 2023-12-31 | NT$4.08 Billion | -1.46% |
| 2022-12-31 | NT$4.14 Billion | -4.44% |
| 2021-12-31 | NT$4.33 Billion | +7.31% |
| 2020-12-31 | NT$4.03 Billion | +4.57% |
| 2019-12-31 | NT$3.86 Billion | -6.41% |
| 2018-12-31 | NT$4.12 Billion | +2.08% |
| 2017-12-31 | NT$4.04 Billion | -3.98% |
| 2016-12-31 | NT$4.20 Billion | +3.61% |
| 2015-12-31 | NT$4.06 Billion | +18.13% |
| 2014-12-31 | NT$3.43 Billion | +49.12% |
| 2013-12-31 | NT$2.30 Billion | +45.20% |
| 2012-12-31 | NT$1.59 Billion | +46.77% |
| 2011-12-31 | NT$1.08 Billion | +21.87% |
| 2010-12-31 | NT$886.88 Million | +31.27% |
| 2009-12-31 | NT$675.62 Million | +20.10% |
| 2008-12-31 | NT$562.55 Million | +57.16% |
| 2007-12-31 | NT$357.96 Million | +15.20% |
| 2006-12-31 | NT$310.73 Million | +98.17% |
| 2005-12-31 | NT$156.80 Million | -71.11% |
| 2003-12-31 | NT$542.76 Million | -42.68% |
| 2002-12-31 | NT$946.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to We & Win Development 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 57983500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$579.84 Million | 13.21% |
| Common Stock | NT$3.01 Billion | 68.46% |
| Other Comprehensive Income | NT$295.62 Million | 6.73% |
| Other Components | NT$509.24 Million | 11.60% |
| Total Equity | NT$4.39 Billion | 100.00% |
We & Win Development Co Ltd Competitors by Market Cap
The table below lists competitors of We & Win Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Upexi Inc.
NASDAQ:UPXI
|
$58.09 Million |
|
Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret AS
IS:MOBTL
|
$58.10 Million |
|
Villars Holding SA
SW:VILN
|
$58.10 Million |
|
Amotech Co. Ltd
KQ:052710
|
$58.10 Million |
|
ZenaTech Inc.
NASDAQ:ZENA
|
$58.04 Million |
|
CTCBIO Inc
KQ:060590
|
$58.02 Million |
|
AOPEN Inc
TW:3046
|
$57.98 Million |
|
UOA Real Estate Investment Trust
KLSE:5110
|
$57.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in We & Win Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,075,269,000 to 4,390,279,000, a change of 315,010,000 (7.7%).
- Net income of 314,822,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 150,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$314.82 Million | +7.17% |
| Other Comprehensive Income | NT$150.00K | +0.0% |
| Other Changes | NT$38.00K | +0.0% |
| Total Change | NT$- | 7.73% |
Book Value vs Market Value Analysis
This analysis compares We & Win Development 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: 0.69x
- 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 1.98x to 0.69x 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$5.06 | NT$10.05 | x |
| 2010-12-31 | NT$5.58 | NT$10.05 | x |
| 2011-12-31 | NT$6.01 | NT$10.05 | x |
| 2012-12-31 | NT$7.63 | NT$10.05 | x |
| 2013-12-31 | NT$10.59 | NT$10.05 | x |
| 2014-12-31 | NT$10.34 | NT$10.05 | x |
| 2015-12-31 | NT$12.02 | NT$10.05 | x |
| 2016-12-31 | NT$12.73 | NT$10.05 | x |
| 2017-12-31 | NT$13.43 | NT$10.05 | x |
| 2018-12-31 | NT$13.71 | NT$10.05 | x |
| 2019-12-31 | NT$12.83 | NT$10.05 | x |
| 2020-12-31 | NT$13.39 | NT$10.05 | x |
| 2021-12-31 | NT$14.33 | NT$10.05 | x |
| 2022-12-31 | NT$13.72 | NT$10.05 | x |
| 2023-12-31 | NT$13.56 | NT$10.05 | x |
| 2024-12-31 | NT$14.57 | NT$10.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently We & Win Development Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.17%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.22%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 3.90x
- Recent ROE (7.17%) is above the historical average (6.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 5.63% | 4.47% | 0.68x | 1.86x | NT$-29.49 Million |
| 2010 | 1.27% | 4.51% | 0.10x | 2.92x | NT$-77.42 Million |
| 2011 | 15.55% | 24.20% | 0.20x | 3.18x | NT$59.94 Million |
| 2012 | 12.56% | 21.40% | 0.14x | 4.08x | NT$40.57 Million |
| 2013 | 23.93% | 24.14% | 0.39x | 2.57x | NT$320.97 Million |
| 2014 | 8.24% | 26.12% | 0.16x | 1.93x | NT$-60.36 Million |
| 2015 | 16.59% | 31.08% | 0.32x | 1.66x | NT$267.29 Million |
| 2016 | 8.58% | 26.44% | 0.21x | 1.56x | NT$-59.61 Million |
| 2017 | -1.28% | -14.63% | 0.05x | 1.90x | NT$-455.22 Million |
| 2018 | 0.69% | 1.50% | 0.23x | 2.04x | NT$-383.63 Million |
| 2019 | -6.85% | -33.51% | 0.09x | 2.29x | NT$-649.96 Million |
| 2020 | 4.37% | 11.95% | 0.12x | 3.04x | NT$-226.90 Million |
| 2021 | 9.58% | 17.77% | 0.16x | 3.43x | NT$-18.02 Million |
| 2022 | 1.88% | 4.63% | 0.11x | 3.64x | NT$-335.64 Million |
| 2023 | -1.48% | -11.02% | 0.03x | 3.87x | NT$-467.66 Million |
| 2024 | 7.17% | 14.22% | 0.13x | 3.90x | NT$-124.21 Million |
Industry Comparison
This section compares We & Win Development 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: $6,386,397,700
- Average return on equity (ROE) among peers: 3.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| We & Win Development Co Ltd (2537) | NT$4.42 Billion | 5.63% | 3.21x | $58.06 Million |
| HUA YU LIEN Development Co Ltd (1436) | $3.68 Billion | 0.00% | 0.02x | $128.92 Million |
| Advancetek Enterprise Co Ltd (1442) | $2.19 Billion | 15.05% | 0.71x | $175.36 Million |
| Better Life Group Co Ltd (1805) | $604.84 Million | -12.64% | 1.28x | $19.30 Million |
| Run Long Construction Co Ltd (1808) | $1.25 Billion | 11.28% | 0.94x | $360.89 Million |
| Jean Co Ltd (2442) | $1.87 Billion | 6.67% | 0.34x | $100.30 Million |
| Kuo Yang Construction Co Ltd (2505) | $2.90 Billion | 0.78% | 1.77x | $118.52 Million |
| Pacific Construction Co Ltd (2506) | $3.86 Billion | 0.00% | 5.23x | $53.85 Million |
| Prince Housing & Development Corp (2511) | $24.14 Billion | 3.95% | 1.27x | $221.71 Million |
| King’s Town Construction Co Ltd (2524) | $14.66 Billion | 11.49% | 1.21x | $49.52 Million |
| Hung Sheng Construction Ltd (2534) | $8.71 Billion | -2.72% | 1.87x | $203.16 Million |