We & Win Development Co Ltd (2537) - Net Assets
Based on the latest financial reports, We & Win Development Co Ltd (2537) has net assets worth NT$4.43 Billion TWD (≈ $139.71 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$18.52 Billion ≈ $583.61 Million USD) and total liabilities (NT$14.09 Billion ≈ $443.90 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 resilient are We & Win Development Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$4.43 Billion |
| % of Total Assets | 23.94% |
| Annual Growth Rate | 6.94% |
| 5-Year Change | 2.47% |
| 10-Year Change | 5.48% |
| Growth Volatility | 33.72 |
We & Win Development Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how We & Win Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore We & Win Development Co Ltd (2537) total assets for the complete picture of this company's asset base.
Annual Net Assets for We & Win Development Co Ltd (2002–2025)
The table below shows the annual net assets of We & Win Development Co Ltd from 2002 to 2025. For live valuation and market cap data, see We & Win Development Co Ltd (2537) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.43 Billion ≈ $139.71 Million |
+1.00% |
| 2024-12-31 | NT$4.39 Billion ≈ $138.32 Million |
+7.73% |
| 2023-12-31 | NT$4.08 Billion ≈ $128.39 Million |
-1.46% |
| 2022-12-31 | NT$4.14 Billion ≈ $130.29 Million |
-4.44% |
| 2021-12-31 | NT$4.33 Billion ≈ $136.34 Million |
+7.31% |
| 2020-12-31 | NT$4.03 Billion ≈ $127.06 Million |
+4.57% |
| 2019-12-31 | NT$3.86 Billion ≈ $121.50 Million |
-6.41% |
| 2018-12-31 | NT$4.12 Billion ≈ $129.83 Million |
+2.08% |
| 2017-12-31 | NT$4.04 Billion ≈ $127.18 Million |
-3.98% |
| 2016-12-31 | NT$4.20 Billion ≈ $132.45 Million |
+3.61% |
| 2015-12-31 | NT$4.06 Billion ≈ $127.84 Million |
+18.13% |
| 2014-12-31 | NT$3.43 Billion ≈ $108.22 Million |
+49.12% |
| 2013-12-31 | NT$2.30 Billion ≈ $72.57 Million |
+45.20% |
| 2012-12-31 | NT$1.59 Billion ≈ $49.98 Million |
+46.77% |
| 2011-12-31 | NT$1.08 Billion ≈ $34.05 Million |
+21.87% |
| 2010-12-31 | NT$886.88 Million ≈ $27.94 Million |
+31.27% |
| 2009-12-31 | NT$675.62 Million ≈ $21.29 Million |
+20.10% |
| 2008-12-31 | NT$562.55 Million ≈ $17.72 Million |
+57.16% |
| 2007-12-31 | NT$357.96 Million ≈ $11.28 Million |
+15.20% |
| 2006-12-31 | NT$310.73 Million ≈ $9.79 Million |
+98.17% |
| 2005-12-31 | NT$156.80 Million ≈ $4.94 Million |
-71.11% |
| 2003-12-31 | NT$542.76 Million ≈ $17.10 Million |
-42.68% |
| 2002-12-31 | NT$946.96 Million ≈ $29.83 Million |
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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 86390200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$863.90 Million | 19.48% |
| Common Stock | NT$3.01 Billion | 67.78% |
| Other Components | NT$564.88 Million | 12.74% |
| Total Equity | NT$4.43 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 |
|---|---|
|
Hillgrove Resources Ltd
AU:HGO
|
$96.63 Million |
|
NeOnc Technologies Holdings, Inc. Common Stock
NASDAQ:NTHI
|
$96.65 Million |
|
Rimoni
TA:RIMO
|
$96.75 Million |
|
S.Y.PANEL Co Ltd
KQ:109610
|
$96.77 Million |
|
Catur Sentosa Adiprana Tbk
JK:CSAP
|
$96.57 Million |
|
Cavatina Holding S.A.
WAR:CAV
|
$96.57 Million |
|
Silitech Technology Corp
TW:3311
|
$96.56 Million |
|
Panram International
TWO:8088
|
$96.54 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 2024 to 2025, total equity changed from 4,390,279,000 to 4,434,363,000, a change of 44,084,000 (1.0%).
- Net income of 43,652,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 295,624,000.
- Other factors increased equity by 296,056,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$43.65 Million | +0.98% |
| Other Comprehensive Income | NT$-295.62 Million | -6.67% |
| Other Changes | NT$296.06 Million | +6.68% |
| Total Change | NT$- | 1.00% |
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 2.01x 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$10.20 | x |
| 2010-12-31 | NT$5.58 | NT$10.20 | x |
| 2011-12-31 | NT$6.01 | NT$10.20 | x |
| 2012-12-31 | NT$7.63 | NT$10.20 | x |
| 2013-12-31 | NT$10.59 | NT$10.20 | x |
| 2014-12-31 | NT$10.34 | NT$10.20 | x |
| 2015-12-31 | NT$12.02 | NT$10.20 | x |
| 2016-12-31 | NT$12.73 | NT$10.20 | x |
| 2017-12-31 | NT$13.43 | NT$10.20 | x |
| 2018-12-31 | NT$13.71 | NT$10.20 | x |
| 2019-12-31 | NT$12.83 | NT$10.20 | x |
| 2020-12-31 | NT$13.39 | NT$10.20 | x |
| 2021-12-31 | NT$14.33 | NT$10.20 | x |
| 2022-12-31 | NT$13.72 | NT$10.20 | x |
| 2023-12-31 | NT$13.56 | NT$10.20 | x |
| 2024-12-31 | NT$14.57 | NT$10.20 | x |
| 2025-12-31 | NT$14.75 | NT$10.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently We & Win Development Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.48%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 4.18x
- Recent ROE (0.98%) is below the historical average (6.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 5.63% | 4.47% | 0.68x | 1.86x | NT$-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 |
| 2025 | 0.98% | 3.48% | 0.07x | 4.18x | NT$-399.78 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: $9,894,407,700
- Average return on equity (ROE) among peers: 5.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| We & Win Development Co Ltd (2537) | NT$4.43 Billion | 5.63% | 3.18x | $96.59 Million |
| HUA YU LIEN Development Co Ltd (1436) | $3.49 Billion | 0.00% | 0.01x | $271.78 Million |
| Advancetek Enterprise Co Ltd (1442) | $811.58 Million | 0.00% | 0.76x | $302.29 Million |
| Better Life Group Co Ltd (1805) | $774.41 Million | 26.79% | 1.31x | $46.14 Million |
| Run Long Construction Co Ltd (1808) | $5.07 Billion | 2.31% | 6.26x | $807.49 Million |
| Jean Co Ltd (2442) | $5.43 Billion | 5.80% | 3.72x | $161.67 Million |
| Cathay Real Estate Development Co Ltd (2501) | $26.33 Billion | 3.22% | 1.59x | $845.73 Million |
| Kuo Yang Construction Co Ltd (2505) | $10.28 Billion | 1.92% | 1.18x | $211.91 Million |
| Pacific Construction Co Ltd (2506) | $7.35 Billion | 0.16% | 0.96x | $101.27 Million |
| Prince Housing & Development Corp (2511) | $25.98 Billion | 2.28% | 0.78x | $408.47 Million |
| King’s Town Construction Co Ltd (2524) | $13.42 Billion | 12.34% | 1.69x | $423.74 Million |
About 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