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 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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. See 2540 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see JSL Construction & Development Co Ltd (2540) total market value.
| 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 |
|---|---|
|
Clover Health Investments Corp
NASDAQ:CLOV
|
$1.64 Billion |
|
Suning Commerce Group Co Ltd
SHE:002024
|
$1.64 Billion |
|
Companhia Siderúrgica Nacional
MX:SIDN
|
$1.64 Billion |
|
Archi Indonesia Tbk PT
JK:ARCI
|
$1.64 Billion |
|
Guizhou Broadcasting&TV Info
SHG:600996
|
$1.64 Billion |
|
Gudeng Precision Industrial Co Ltd
TWO:3680
|
$1.64 Billion |
|
IMAX Corporation
F:IMA
|
$1.64 Billion |
|
Zotye Automobile Co Ltd
SHE:000980
|
$1.64 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: 3.13x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 13.68x to 3.13x 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$55.10 | x |
| 2010-12-31 | NT$3.02 | NT$55.10 | x |
| 2011-12-31 | NT$2.19 | NT$55.10 | x |
| 2012-12-31 | NT$1.30 | NT$55.10 | x |
| 2013-12-31 | NT$23.37 | NT$55.10 | x |
| 2014-12-31 | NT$13.01 | NT$55.10 | x |
| 2015-12-31 | NT$9.90 | NT$55.10 | x |
| 2016-12-31 | NT$10.57 | NT$55.10 | x |
| 2017-12-31 | NT$10.63 | NT$55.10 | x |
| 2018-12-31 | NT$10.90 | NT$55.10 | x |
| 2019-12-31 | NT$8.57 | NT$55.10 | x |
| 2020-12-31 | NT$10.34 | NT$55.10 | x |
| 2021-12-31 | NT$16.54 | NT$55.10 | x |
| 2022-12-31 | NT$12.07 | NT$55.10 | x |
| 2023-12-31 | NT$16.25 | NT$55.10 | x |
| 2024-12-31 | NT$14.10 | NT$55.10 | x |
| 2025-12-31 | NT$17.59 | NT$55.10 | 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: $3,100,154,778
- Average return on equity (ROE) among peers: -432.83%
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 | $1.64 Billion |
| Sun Yad Construction Co Ltd (1316) | $798.51 Million | 0.00% | 0.75x | $122.69 Million |
| GTM Holdings Corp (1437) | $7.11 Billion | 5.73% | 0.77x | $187.94 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.18 Billion | 3.27% | 2.96x | $45.77 Million |
| Hiyes International Co Ltd (2348) | $17.58 Million | -3932.38% | 2.84x | $367.14 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.17 Billion | 11.59% | 0.97x | $102.94 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $3.86 Billion | 2.37% | 0.90x | $328.22 Million |
| Crowell Development Corp (2528) | $5.29 Billion | 4.56% | 3.05x | $307.69 Million |
| Wanhwa Enterprise Co (2701) | $3.25 Billion | 4.23% | 0.32x | $149.56 Million |
| First Hotel Co Ltd (2706) | $3.23 Billion | 5.10% | 0.31x | $196.91 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