JSL Construction & Development Co Ltd (2540) - Net Assets
Based on the latest financial reports, JSL Construction & Development Co Ltd (2540) has net assets worth NT$16.43 Billion TWD (≈ $517.53 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$60.32 Billion ≈ $1.90 Billion USD) and total liabilities (NT$43.90 Billion ≈ $1.38 Billion 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 JSL Construction & Development Co Ltd (2540) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$16.43 Billion |
| % of Total Assets | 27.23% |
| Annual Growth Rate | 18.01% |
| 5-Year Change | 162.58% |
| 10-Year Change | 306.62% |
| Growth Volatility | 1260.45 |
JSL Construction & Development Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how JSL Construction & Development Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see JSL Construction & Development Co Ltd market cap and net worth.
Annual Net Assets for JSL Construction & Development Co Ltd (2002–2025)
The table below shows the annual net assets of JSL Construction & Development Co Ltd from 2002 to 2025. Also explore 2540 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$16.43 Billion ≈ $517.53 Million |
+34.03% |
| 2024-12-31 | NT$12.26 Billion ≈ $386.12 Million |
+36.96% |
| 2023-12-31 | NT$8.95 Billion ≈ $281.92 Million |
+45.83% |
| 2022-12-31 | NT$6.14 Billion ≈ $193.32 Million |
-1.91% |
| 2021-12-31 | NT$6.26 Billion ≈ $197.10 Million |
+18.70% |
| 2020-12-31 | NT$5.27 Billion ≈ $166.05 Million |
+20.78% |
| 2019-12-31 | NT$4.36 Billion ≈ $137.48 Million |
+4.86% |
| 2018-12-31 | NT$4.16 Billion ≈ $131.11 Million |
+2.55% |
| 2017-12-31 | NT$4.06 Billion ≈ $127.85 Million |
+0.45% |
| 2016-12-31 | NT$4.04 Billion ≈ $127.28 Million |
+6.89% |
| 2015-12-31 | NT$3.78 Billion ≈ $119.07 Million |
+6.01% |
| 2014-12-31 | NT$3.57 Billion ≈ $112.32 Million |
+131.81% |
| 2013-12-31 | NT$1.54 Billion ≈ $48.45 Million |
+6183.66% |
| 2012-12-31 | NT$24.48 Million ≈ $771.10K |
-44.05% |
| 2011-12-31 | NT$43.74 Million ≈ $1.38 Million |
-25.79% |
| 2010-12-31 | NT$58.94 Million ≈ $1.86 Million |
-23.90% |
| 2009-12-31 | NT$77.45 Million ≈ $2.44 Million |
-25.59% |
| 2008-12-31 | NT$104.09 Million ≈ $3.28 Million |
-52.09% |
| 2007-12-31 | NT$217.26 Million ≈ $6.85 Million |
+6.67% |
| 2006-12-31 | NT$203.68 Million ≈ $6.42 Million |
-50.95% |
| 2005-12-31 | NT$415.29 Million ≈ $13.08 Million |
+92.08% |
| 2004-12-31 | NT$216.20 Million ≈ $6.81 Million |
-36.01% |
| 2003-12-31 | NT$337.85 Million ≈ $10.64 Million |
-7.17% |
| 2002-12-31 | NT$363.96 Million ≈ $11.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to JSL Construction & 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 71976800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$719.77 Million | 4.38% |
| Common Stock | NT$9.45 Billion | 57.52% |
| Other Components | NT$6.26 Billion | 38.10% |
| Total Equity | NT$16.43 Billion | 100.00% |
JSL Construction & Development Co Ltd Competitors by Market Cap
The table below lists competitors of JSL Construction & Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Makalot Industrial Co Ltd
TW:1477
|
$1.51 Billion |
|
Minera Valparaiso S.A.
SN:MINERA
|
$1.51 Billion |
|
Chagee Holdings Limited American Depositary Shares
NASDAQ:CHA
|
$1.51 Billion |
|
SIGMAROC PLC LS -01
F:M2I2
|
$1.51 Billion |
|
Byline Bancorp Inc
NYSE:BY
|
$1.51 Billion |
|
Lakeland Financial Corporation
NASDAQ:LKFN
|
$1.51 Billion |
|
Shenzhen Hui Chuang Da Technology Co.Ltd
SHE:300909
|
$1.51 Billion |
|
Kelt Exploration Ltd.
TO:KEL
|
$1.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JSL Construction & Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,255,768,000 to 16,426,798,000, a change of 4,171,030,000 (34.0%).
- Net income of 644,190,000 contributed positively to equity growth.
- Dividend payments of 674,910,000 reduced retained earnings.
- New share issuances of 4,150,000,000 increased equity.
- Other comprehensive income decreased equity by 12,247,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$644.19 Million | +3.92% |
| Dividends Paid | NT$674.91 Million | -4.11% |
| Share Issuances | NT$4.15 Billion | +25.26% |
| Other Comprehensive Income | NT$-12.25 Million | -0.07% |
| Other Changes | NT$64.00 Million | +0.39% |
| Total Change | NT$- | 34.03% |
Book Value vs Market Value Analysis
This analysis compares JSL Construction & 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: 2.88x
- 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 12.56x to 2.88x 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$4.03 | NT$50.60 | x |
| 2010-12-31 | NT$3.02 | NT$50.60 | x |
| 2011-12-31 | NT$2.19 | NT$50.60 | x |
| 2012-12-31 | NT$1.30 | NT$50.60 | x |
| 2013-12-31 | NT$23.37 | NT$50.60 | x |
| 2014-12-31 | NT$13.01 | NT$50.60 | x |
| 2015-12-31 | NT$9.90 | NT$50.60 | x |
| 2016-12-31 | NT$10.57 | NT$50.60 | x |
| 2017-12-31 | NT$10.63 | NT$50.60 | x |
| 2018-12-31 | NT$10.90 | NT$50.60 | x |
| 2019-12-31 | NT$8.57 | NT$50.60 | x |
| 2020-12-31 | NT$10.34 | NT$50.60 | x |
| 2021-12-31 | NT$16.54 | NT$50.60 | x |
| 2022-12-31 | NT$12.07 | NT$50.60 | x |
| 2023-12-31 | NT$16.25 | NT$50.60 | x |
| 2024-12-31 | NT$14.10 | NT$50.60 | x |
| 2025-12-31 | NT$17.59 | NT$50.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JSL Construction & 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): 3.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.70%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 3.67x
- Recent ROE (3.92%) is above the historical average (0.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 29.22% | 326.76% | 0.00x | 22.78x | NT$8.89 Million |
| 2008 | 46.25% | 10.75% | 0.76x | 5.64x | NT$36.37 Million |
| 2009 | -35.86% | -43.86% | 0.19x | 4.27x | NT$-33.86 Million |
| 2010 | -33.27% | -133.64% | 0.05x | 4.70x | NT$-23.97 Million |
| 2011 | -37.88% | -147.20% | 0.04x | 5.80x | NT$-19.24 Million |
| 2012 | -68.43% | -449.97% | 0.02x | 8.40x | NT$-18.71 Million |
| 2013 | 13.01% | 39.44% | 0.23x | 1.44x | NT$46.28 Million |
| 2014 | 2.16% | 6.70% | 0.23x | 1.41x | NT$-279.31 Million |
| 2015 | 5.68% | 25.61% | 0.09x | 2.43x | NT$-163.23 Million |
| 2016 | 6.45% | 22.49% | 0.12x | 2.48x | NT$-143.49 Million |
| 2017 | 0.45% | 1.81% | 0.09x | 2.64x | NT$-387.60 Million |
| 2018 | 4.44% | 9.94% | 0.16x | 2.72x | NT$-231.25 Million |
| 2019 | 4.64% | 9.12% | 0.17x | 2.91x | NT$-233.75 Million |
| 2020 | 17.19% | 18.96% | 0.30x | 3.00x | NT$379.10 Million |
| 2021 | 18.10% | 20.50% | 0.27x | 3.26x | NT$506.47 Million |
| 2022 | 7.25% | 9.39% | 0.17x | 4.42x | NT$-169.00 Million |
| 2023 | 16.85% | 18.61% | 0.23x | 3.97x | NT$612.85 Million |
| 2024 | 15.53% | 17.05% | 0.23x | 3.98x | NT$677.26 Million |
| 2025 | 3.92% | 5.70% | 0.19x | 3.67x | NT$-998.49 Million |
Industry Comparison
This section compares JSL Construction & Development Co Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $2,575,465,333
- Average return on equity (ROE) among peers: 9.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JSL Construction & Development Co Ltd (2540) | NT$16.43 Billion | 29.22% | 2.67x | $1.51 Billion |
| Sun Yad Construction Co Ltd (1316) | $1.17 Billion | -11.01% | 0.95x | $120.45 Million |
| GTM Holdings Corp (1437) | $2.06 Billion | 3.03% | 0.90x | $210.00 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.13 Billion | 4.19% | 3.04x | $41.49 Million |
| Hiyes International Co Ltd (2348) | $714.06 Million | 47.40% | 1.33x | $354.71 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.67 Billion | 10.73% | 0.91x | $105.41 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $3.89 Billion | 1.64% | 0.71x | $377.70 Million |
| Crowell Development Corp (2528) | $1.01 Billion | 15.40% | 0.51x | $311.01 Million |
| Wanhwa Enterprise Co (2701) | $3.23 Billion | 11.73% | 0.32x | $147.44 Million |
| First Hotel Co Ltd (2706) | $6.32 Billion | 4.42% | 0.15x | $191.40 Million |
About JSL Construction & Development Co Ltd
JSL Construction & Development Co., Ltd. operates as a real estate agent and seller in Asia and internationally. The company operates through three segments: Real Estate Selling Agency, Construction, and Development. The company engages in the construction of public housing; development, lease, rent, and sale of residential and commercial buildings; investment, operation, commission, trade, lease… Read more