Kee Tai Properties Co Ltd
Kee Tai Properties Co., Ltd. engages in construction activities in Taiwan. The company constructs, leases, and sells residential and commercial buildings. It is also involved in the clearance of construction waste. Kee Tai Properties Co., Ltd. was incorporated in 1979 and is headquartered in Taipei City, Taiwan.
Kee Tai Properties Co Ltd (2538) - Net Assets
Latest net assets as of September 2025: NT$5.81 Billion TWD
Based on the latest financial reports, Kee Tai Properties Co Ltd (2538) has net assets worth NT$5.81 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$17.72 Billion) and total liabilities (NT$11.91 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$5.81 Billion |
| % of Total Assets | 32.8% |
| Annual Growth Rate | 2.73% |
| 5-Year Change | -11.31% |
| 10-Year Change | -34.7% |
| Growth Volatility | 10.05 |
Kee Tai Properties Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Kee Tai Properties 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 Kee Tai Properties Co Ltd (2002–2024)
The table below shows the annual net assets of Kee Tai Properties Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.93 Billion | -1.43% |
| 2023-12-31 | NT$6.01 Billion | -3.02% |
| 2022-12-31 | NT$6.20 Billion | -1.87% |
| 2021-12-31 | NT$6.32 Billion | -5.46% |
| 2020-12-31 | NT$6.68 Billion | -5.75% |
| 2019-12-31 | NT$7.09 Billion | -7.56% |
| 2018-12-31 | NT$7.67 Billion | -3.41% |
| 2017-12-31 | NT$7.94 Billion | -5.18% |
| 2016-12-31 | NT$8.38 Billion | -7.73% |
| 2015-12-31 | NT$9.08 Billion | +28.62% |
| 2014-12-31 | NT$7.06 Billion | +10.46% |
| 2013-12-31 | NT$6.39 Billion | +9.78% |
| 2012-12-31 | NT$5.82 Billion | -5.01% |
| 2011-12-31 | NT$6.13 Billion | +5.72% |
| 2010-12-31 | NT$5.80 Billion | +9.82% |
| 2009-12-31 | NT$5.28 Billion | +7.77% |
| 2008-12-31 | NT$4.90 Billion | +4.57% |
| 2007-12-31 | NT$4.68 Billion | +23.53% |
| 2006-12-31 | NT$3.79 Billion | +17.51% |
| 2005-12-31 | NT$3.23 Billion | -7.11% |
| 2004-12-31 | NT$3.47 Billion | -0.61% |
| 2003-12-31 | NT$3.50 Billion | +6.71% |
| 2002-12-31 | NT$3.28 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kee Tai Properties 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 57030300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$570.30 Million | 9.62% |
| Common Stock | NT$4.45 Billion | 75.06% |
| Other Components | NT$908.20 Million | 15.32% |
| Total Equity | NT$5.93 Billion | 100.00% |
Kee Tai Properties Co Ltd Competitors by Market Cap
The table below lists competitors of Kee Tai Properties Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LuxExperience B.V.
NYSE:LUXE
|
$98.88 Million |
|
SCHMID Group N.V. Class A Ordinary Shares
NASDAQ:SHMD
|
$98.90 Million |
|
Energenesis Biomedical Co. Ltd.
TW:6657
|
$98.92 Million |
|
Integrated Wind Solutions AS
OL:IWS
|
$98.92 Million |
|
Uniplus Electronics Co Ltd
TWO:5381
|
$98.86 Million |
|
Guandian Defense Technology Co. Ltd. A
SHG:688287
|
$98.84 Million |
|
Sam Holdings Corp
VN:SAM
|
$98.81 Million |
|
Silver Tiger Metals Inc
OTCQX:SLVTF
|
$98.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kee Tai Properties Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,014,751,000 to 5,928,755,000, a change of -85,996,000 (-1.4%).
- Net income of 252,558,000 contributed positively to equity growth.
- Dividend payments of 306,914,000 reduced retained earnings.
- Other comprehensive income decreased equity by 895,090,000.
- Other factors increased equity by 863,450,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$252.56 Million | +4.26% |
| Dividends Paid | NT$306.91 Million | -5.18% |
| Other Comprehensive Income | NT$-895.09 Million | -15.1% |
| Other Changes | NT$863.45 Million | +14.56% |
| Total Change | NT$- | -1.43% |
Book Value vs Market Value Analysis
This analysis compares Kee Tai Properties 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: 0.77x
- 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 1.06x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$9.59 | NT$10.20 | x |
| 2005-12-31 | NT$8.91 | NT$10.20 | x |
| 2006-12-31 | NT$10.47 | NT$10.20 | x |
| 2007-12-31 | NT$11.96 | NT$10.20 | x |
| 2008-12-31 | NT$12.36 | NT$10.20 | x |
| 2009-12-31 | NT$13.30 | NT$10.20 | x |
| 2010-12-31 | NT$14.61 | NT$10.20 | x |
| 2011-12-31 | NT$15.44 | NT$10.20 | x |
| 2012-12-31 | NT$14.19 | NT$10.20 | x |
| 2013-12-31 | NT$13.15 | NT$10.20 | x |
| 2014-12-31 | NT$14.43 | NT$10.20 | x |
| 2015-12-31 | NT$17.74 | NT$10.20 | x |
| 2016-12-31 | NT$18.27 | NT$10.20 | x |
| 2017-12-31 | NT$17.02 | NT$10.20 | x |
| 2018-12-31 | NT$16.40 | NT$10.20 | x |
| 2019-12-31 | NT$15.08 | NT$10.20 | x |
| 2020-12-31 | NT$14.35 | NT$10.20 | x |
| 2021-12-31 | NT$13.28 | NT$10.20 | x |
| 2022-12-31 | NT$13.07 | NT$10.20 | x |
| 2023-12-31 | NT$13.45 | NT$10.20 | x |
| 2024-12-31 | NT$13.28 | NT$10.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kee Tai Properties Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.68%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 3.09x
- Recent ROE (4.26%) is below the historical average (6.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.92% | 5.06% | 0.25x | 3.07x | NT$-199.16 Million |
| 2003 | 6.29% | 9.63% | 0.27x | 2.40x | NT$-129.72 Million |
| 2004 | -0.62% | -2.04% | 0.16x | 1.89x | NT$-368.80 Million |
| 2005 | -7.64% | -17.68% | 0.25x | 1.74x | NT$-569.39 Million |
| 2006 | 14.89% | 18.20% | 0.40x | 2.04x | NT$185.37 Million |
| 2007 | 13.33% | 27.39% | 0.25x | 1.98x | NT$156.18 Million |
| 2008 | 8.34% | 18.21% | 0.19x | 2.46x | NT$-81.38 Million |
| 2009 | 10.29% | 16.63% | 0.29x | 2.13x | NT$15.48 Million |
| 2010 | 10.05% | 17.98% | 0.34x | 1.64x | NT$2.95 Million |
| 2011 | 10.87% | 27.90% | 0.22x | 1.75x | NT$53.48 Million |
| 2012 | 13.80% | 33.78% | 0.21x | 1.95x | NT$221.40 Million |
| 2013 | 14.03% | 34.34% | 0.20x | 2.02x | NT$257.29 Million |
| 2014 | 18.44% | 56.45% | 0.13x | 2.48x | NT$595.58 Million |
| 2015 | 19.63% | 32.88% | 0.27x | 2.18x | NT$838.93 Million |
| 2016 | -1.24% | -14.58% | 0.04x | 2.33x | NT$-900.13 Million |
| 2017 | 0.72% | 17.85% | 0.02x | 2.47x | NT$-702.95 Million |
| 2018 | 0.62% | 30.53% | 0.01x | 2.67x | NT$-684.38 Million |
| 2019 | -4.42% | -170.68% | 0.01x | 3.00x | NT$-967.75 Million |
| 2020 | -2.20% | -27.31% | 0.02x | 3.31x | NT$-767.40 Million |
| 2021 | -2.32% | -53.76% | 0.01x | 3.57x | NT$-728.12 Million |
| 2022 | 3.28% | 54.54% | 0.01x | 4.31x | NT$-391.46 Million |
| 2023 | 6.84% | 109.30% | 0.02x | 3.25x | NT$-190.21 Million |
| 2024 | 4.26% | 25.68% | 0.05x | 3.09x | NT$-340.32 Million |
Industry Comparison
This section compares Kee Tai Properties 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: $6,584,659,200
- Average return on equity (ROE) among peers: 6.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kee Tai Properties Co Ltd (2538) | NT$5.81 Billion | 3.92% | 2.05x | $98.87 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 |
| Hung Sheng Construction Ltd (2534) | $9.07 Billion | 0.00% | 1.89x | $203.67 Million |