Sakura Development Co Ltd (2539) - Net Assets
Based on the latest financial reports, Sakura Development Co Ltd (2539) has net assets worth NT$17.91 Billion TWD (≈ $564.27 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$32.48 Billion ≈ $1.02 Billion USD) and total liabilities (NT$14.57 Billion ≈ $459.05 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 Sakura Development Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$17.91 Billion |
| % of Total Assets | 55.14% |
| Annual Growth Rate | 28.27% |
| 5-Year Change | 110.97% |
| 10-Year Change | 230.17% |
| Growth Volatility | 98.7 |
Sakura Development Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Sakura Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See 2539 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sakura Development Co Ltd (2003–2025)
The table below shows the annual net assets of Sakura Development Co Ltd from 2003 to 2025. For live valuation and market cap data, see 2539 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$17.91 Billion ≈ $564.27 Million |
+25.40% |
| 2024-12-31 | NT$14.28 Billion ≈ $449.99 Million |
+21.09% |
| 2023-12-31 | NT$11.79 Billion ≈ $371.61 Million |
+18.41% |
| 2022-12-31 | NT$9.96 Billion ≈ $313.82 Million |
+17.33% |
| 2021-12-31 | NT$8.49 Billion ≈ $267.46 Million |
+9.30% |
| 2020-12-31 | NT$7.77 Billion ≈ $244.71 Million |
+7.38% |
| 2019-12-31 | NT$7.23 Billion ≈ $227.89 Million |
+25.54% |
| 2018-12-31 | NT$5.76 Billion ≈ $181.53 Million |
-1.70% |
| 2017-12-31 | NT$5.86 Billion ≈ $184.67 Million |
+8.06% |
| 2016-12-31 | NT$5.42 Billion ≈ $170.90 Million |
+13.88% |
| 2015-12-31 | NT$4.76 Billion ≈ $150.07 Million |
+19.15% |
| 2014-12-31 | NT$4.00 Billion ≈ $125.95 Million |
+35.62% |
| 2013-12-31 | NT$2.95 Billion ≈ $92.87 Million |
+43.95% |
| 2012-12-31 | NT$2.05 Billion ≈ $64.51 Million |
+5.60% |
| 2011-12-31 | NT$1.94 Billion ≈ $61.09 Million |
+12.61% |
| 2010-12-31 | NT$1.72 Billion ≈ $54.25 Million |
+13.71% |
| 2009-12-31 | NT$1.51 Billion ≈ $47.71 Million |
+3.68% |
| 2008-12-31 | NT$1.46 Billion ≈ $46.01 Million |
+179.68% |
| 2007-12-31 | NT$522.18 Million ≈ $16.45 Million |
+182.13% |
| 2006-12-31 | NT$185.09 Million ≈ $5.83 Million |
+27.43% |
| 2005-12-31 | NT$145.25 Million ≈ $4.58 Million |
-63.46% |
| 2004-12-31 | NT$397.53 Million ≈ $12.52 Million |
+431.47% |
| 2003-12-31 | NT$74.80 Million ≈ $2.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sakura 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 434170500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.34 Billion | 24.24% |
| Common Stock | NT$11.93 Billion | 66.62% |
| Other Comprehensive Income | NT$1.64 Billion | 9.14% |
| Total Equity | NT$17.91 Billion | 100.00% |
Sakura Development Co Ltd Competitors by Market Cap
The table below lists competitors of Sakura Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guanglian Aviation Industry Co Ltd
SHE:300900
|
$1.48 Billion |
|
Peker Gayrimenkul Yatirim Ortakligi AS
IS:PEKGY
|
$1.48 Billion |
|
Tong Hsing Electronic Industries Ltd
TW:6271
|
$1.48 Billion |
|
Five9 Inc
NASDAQ:FIVN
|
$1.48 Billion |
|
Republic Bancorp Inc
NASDAQ:RBCAA
|
$1.48 Billion |
|
Shanghai Zijiang Enterprise Group Co Ltd
SHG:600210
|
$1.48 Billion |
|
QCR Holdings Inc
NASDAQ:QCRH
|
$1.48 Billion |
|
Jiangsu Bide Science and Technology Co. Ltd.
SHG:605298
|
$1.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sakura Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,282,858,000 to 17,910,255,000, a change of 3,627,397,000 (25.4%).
- Net income of 4,124,248,000 contributed positively to equity growth.
- Dividend payments of 497,126,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,637,525,000.
- Other factors decreased equity by 1,637,250,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.12 Billion | +23.03% |
| Dividends Paid | NT$497.13 Million | -2.78% |
| Other Comprehensive Income | NT$1.64 Billion | +9.14% |
| Other Changes | NT$-1.64 Billion | -9.14% |
| Total Change | NT$- | 25.40% |
Book Value vs Market Value Analysis
This analysis compares Sakura 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: 2.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 16.57x to 2.62x 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$2.38 | NT$39.40 | x |
| 2010-12-31 | NT$2.70 | NT$39.40 | x |
| 2011-12-31 | NT$3.04 | NT$39.40 | x |
| 2012-12-31 | NT$3.21 | NT$39.40 | x |
| 2013-12-31 | NT$4.62 | NT$39.40 | x |
| 2014-12-31 | NT$6.26 | NT$39.40 | x |
| 2015-12-31 | NT$7.46 | NT$39.40 | x |
| 2016-12-31 | NT$8.50 | NT$39.40 | x |
| 2017-12-31 | NT$9.19 | NT$39.40 | x |
| 2018-12-31 | NT$7.98 | NT$39.40 | x |
| 2019-12-31 | NT$8.44 | NT$39.40 | x |
| 2020-12-31 | NT$9.09 | NT$39.40 | x |
| 2021-12-31 | NT$9.92 | NT$39.40 | x |
| 2022-12-31 | NT$11.62 | NT$39.40 | x |
| 2023-12-31 | NT$11.89 | NT$39.40 | x |
| 2024-12-31 | NT$14.36 | NT$39.40 | x |
| 2025-12-31 | NT$15.03 | NT$39.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sakura 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): 23.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.45%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.81x
- Recent ROE (23.03%) is above the historical average (16.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 43.27% | 99.82% | 0.11x | 3.91x | NT$132.26 Million |
| 2008 | 1.80% | 6.79% | 0.20x | 1.31x | NT$-119.79 Million |
| 2009 | 3.55% | 7.98% | 0.39x | 1.13x | NT$-97.62 Million |
| 2010 | 12.36% | 15.41% | 0.66x | 1.22x | NT$40.60 Million |
| 2011 | 11.88% | 20.26% | 0.28x | 2.11x | NT$36.55 Million |
| 2012 | 6.31% | 20.57% | 0.14x | 2.15x | NT$-75.57 Million |
| 2013 | 33.61% | 31.75% | 0.51x | 2.07x | NT$696.10 Million |
| 2014 | 27.67% | 29.85% | 0.56x | 1.66x | NT$706.55 Million |
| 2015 | 21.08% | 30.01% | 0.39x | 1.81x | NT$527.92 Million |
| 2016 | 18.00% | 29.20% | 0.38x | 1.64x | NT$433.77 Million |
| 2017 | 16.84% | 23.60% | 0.38x | 1.90x | NT$400.63 Million |
| 2018 | 7.82% | 11.87% | 0.30x | 2.18x | NT$-125.88 Million |
| 2019 | 20.58% | 20.03% | 0.54x | 1.89x | NT$765.18 Million |
| 2020 | 10.58% | 17.81% | 0.25x | 2.34x | NT$45.42 Million |
| 2021 | 8.88% | 17.64% | 0.20x | 2.47x | NT$-94.94 Million |
| 2022 | 15.11% | 24.03% | 0.30x | 2.10x | NT$509.33 Million |
| 2023 | 16.23% | 27.11% | 0.28x | 2.14x | NT$735.37 Million |
| 2024 | 19.82% | 31.38% | 0.29x | 2.21x | NT$1.40 Billion |
| 2025 | 23.03% | 29.45% | 0.43x | 1.81x | NT$2.33 Billion |
Industry Comparison
This section compares Sakura 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: $8,001,869,300
- Average return on equity (ROE) among peers: 7.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sakura Development Co Ltd (2539) | NT$17.91 Billion | 43.27% | 0.81x | $1.48 Billion |
| HUA YU LIEN Development Co Ltd (1436) | $2.71 Billion | 6.64% | 3.31x | $254.37 Million |
| Advancetek Enterprise Co Ltd (1442) | $710.30 Million | 0.00% | 0.69x | $321.90 Million |
| Better Life Group Co Ltd (1805) | $604.84 Million | -12.64% | 1.28x | $43.80 Million |
| Run Long Construction Co Ltd (1808) | $13.51 Billion | 57.00% | 2.15x | $911.59 Million |
| Jean Co Ltd (2442) | $2.27 Billion | 1.17% | 1.45x | $176.73 Million |
| Cathay Real Estate Development Co Ltd (2501) | $18.71 Billion | 0.98% | 0.12x | $986.38 Million |
| Kuo Yang Construction Co Ltd (2505) | $2.90 Billion | 0.78% | 1.77x | $225.08 Million |
| Pacific Construction Co Ltd (2506) | $7.44 Billion | 1.58% | 1.01x | $102.86 Million |
| Prince Housing & Development Corp (2511) | $24.18 Billion | 5.30% | 1.08x | $418.70 Million |
| King’s Town Construction Co Ltd (2524) | $6.98 Billion | 11.87% | 1.03x | $449.11 Million |
About Sakura Development Co Ltd
Sakura Development Co.,Ltd engages in the sale and lease of residential properties with a focus on the Zhongzhangtou area in Taiwan. It also engages in commissioning construction companies to build residential and commercial buildings for rent and sale, designing and planning gardens and landscaping, and providing consulting services for real estate investment planning, analysis, and diagnosis. T… Read more