Highwealth Construction Corp
Highwealth Construction Corp., together with its subsidiaries, engages in the development, construction, leasing, and sale of residential and commercial buildings in Taiwan. It operates through the Developing, Constructing, and Hotels and Others segments. The company offers real estate brokerage and trading; and catering services. It also engages in the operation of hotels; wholesale of construct… Read more
Highwealth Construction Corp (2542) - Net Assets
Latest net assets as of September 2025: NT$59.19 Billion TWD
Based on the latest financial reports, Highwealth Construction Corp (2542) has net assets worth NT$59.19 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$265.10 Billion) and total liabilities (NT$205.91 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$59.19 Billion |
| % of Total Assets | 22.33% |
| Annual Growth Rate | 15.78% |
| 5-Year Change | 78.95% |
| 10-Year Change | 62.93% |
| Growth Volatility | 19.98 |
Highwealth Construction Corp - Net Assets Trend (2002–2024)
This chart illustrates how Highwealth Construction Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Highwealth Construction Corp (2002–2024)
The table below shows the annual net assets of Highwealth Construction Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$64.07 Billion | +11.74% |
| 2023-12-31 | NT$57.34 Billion | +16.89% |
| 2022-12-31 | NT$49.05 Billion | +7.29% |
| 2021-12-31 | NT$45.72 Billion | +27.69% |
| 2020-12-31 | NT$35.80 Billion | +3.94% |
| 2019-12-31 | NT$34.44 Billion | -14.11% |
| 2018-12-31 | NT$40.10 Billion | +16.88% |
| 2017-12-31 | NT$34.31 Billion | -11.41% |
| 2016-12-31 | NT$38.73 Billion | -1.51% |
| 2015-12-31 | NT$39.32 Billion | +14.71% |
| 2014-12-31 | NT$34.28 Billion | +39.64% |
| 2013-12-31 | NT$24.55 Billion | -0.88% |
| 2012-12-31 | NT$24.77 Billion | +10.15% |
| 2011-12-31 | NT$22.48 Billion | +19.76% |
| 2010-12-31 | NT$18.78 Billion | +55.43% |
| 2009-12-31 | NT$12.08 Billion | +47.66% |
| 2008-12-31 | NT$8.18 Billion | -1.48% |
| 2007-12-31 | NT$8.30 Billion | +34.62% |
| 2006-12-31 | NT$6.17 Billion | +63.52% |
| 2005-12-31 | NT$3.77 Billion | +22.29% |
| 2004-12-31 | NT$3.08 Billion | +12.07% |
| 2003-12-31 | NT$2.75 Billion | +7.95% |
| 2002-12-31 | NT$2.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Highwealth Construction Corp'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 1435007600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$14.35 Billion | 27.40% |
| Common Stock | NT$20.71 Billion | 39.54% |
| Other Components | NT$17.31 Billion | 33.06% |
| Total Equity | NT$52.37 Billion | 100.00% |
Highwealth Construction Corp Competitors by Market Cap
The table below lists competitors of Highwealth Construction Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CSG Holding Co Ltd
SHE:000012
|
$1.58 Billion |
|
Taisei Corporation
PINK:TISCY
|
$1.58 Billion |
|
SARTORIUS (UNSP.ADS)/1/5
F:SRT0
|
$1.58 Billion |
|
Tsumura & Co
MU:TSUA
|
$1.58 Billion |
|
Shaanxi Aerospace Power Hi-Tech Co Ltd
SHG:600343
|
$1.58 Billion |
|
First Merchants Corporation Depository Shares
NASDAQ:FRMEP
|
$1.58 Billion |
|
Livzon Pharmaceutical Group Inc
PINK:LVZPF
|
$1.58 Billion |
|
Hangcha Group Co Ltd
SHG:603298
|
$1.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Highwealth Construction Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 46,574,568,000 to 52,370,304,000, a change of 5,795,736,000 (12.4%).
- Net income of 6,287,400,000 contributed positively to equity growth.
- Dividend payments of 2,063,112,000 reduced retained earnings.
- Other comprehensive income decreased equity by 16,535,449,000.
- Other factors increased equity by 18,106,897,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$6.29 Billion | +12.01% |
| Dividends Paid | NT$2.06 Billion | -3.94% |
| Other Comprehensive Income | NT$-16.54 Billion | -31.57% |
| Other Changes | NT$18.11 Billion | +34.57% |
| Total Change | NT$- | 12.44% |
Book Value vs Market Value Analysis
This analysis compares Highwealth Construction Corp'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: 1.48x
- 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 4.93x to 1.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$7.46 | NT$36.75 | x |
| 2007-12-31 | NT$6.84 | NT$36.75 | x |
| 2008-12-31 | NT$5.96 | NT$36.75 | x |
| 2009-12-31 | NT$8.64 | NT$36.75 | x |
| 2010-12-31 | NT$11.88 | NT$36.75 | x |
| 2011-12-31 | NT$11.33 | NT$36.75 | x |
| 2012-12-31 | NT$13.17 | NT$36.75 | x |
| 2013-12-31 | NT$14.77 | NT$36.75 | x |
| 2014-12-31 | NT$20.88 | NT$36.75 | x |
| 2015-12-31 | NT$23.94 | NT$36.75 | x |
| 2016-12-31 | NT$23.84 | NT$36.75 | x |
| 2017-12-31 | NT$20.14 | NT$36.75 | x |
| 2018-12-31 | NT$20.44 | NT$36.75 | x |
| 2019-12-31 | NT$15.84 | NT$36.75 | x |
| 2020-12-31 | NT$16.61 | NT$36.75 | x |
| 2021-12-31 | NT$21.09 | NT$36.75 | x |
| 2022-12-31 | NT$23.20 | NT$36.75 | x |
| 2023-12-31 | NT$22.02 | NT$36.75 | x |
| 2024-12-31 | NT$24.78 | NT$36.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Highwealth Construction Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.01%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.03%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 4.69x
- Recent ROE (12.01%) is below the historical average (20.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 7.05% | 5.90% | 0.58x | 2.08x | NT$-81.16 Million |
| 2004 | 10.54% | 8.92% | 0.46x | 2.56x | NT$16.76 Million |
| 2005 | 17.18% | 16.49% | 0.33x | 3.15x | NT$270.80 Million |
| 2006 | 31.04% | 20.47% | 0.40x | 3.81x | NT$1.30 Billion |
| 2007 | 26.62% | 17.66% | 0.43x | 3.51x | NT$1.38 Billion |
| 2008 | 22.82% | 14.69% | 0.39x | 3.96x | NT$1.05 Billion |
| 2009 | 36.32% | 22.54% | 0.36x | 4.45x | NT$3.18 Billion |
| 2010 | 40.96% | 24.73% | 0.44x | 3.75x | NT$5.29 Billion |
| 2011 | 31.74% | 26.24% | 0.33x | 3.70x | NT$4.38 Billion |
| 2012 | 24.69% | 23.49% | 0.25x | 4.18x | NT$3.27 Billion |
| 2013 | 29.59% | 22.63% | 0.28x | 4.70x | NT$4.24 Billion |
| 2014 | 33.09% | 27.01% | 0.35x | 3.53x | NT$7.07 Billion |
| 2015 | 23.14% | 23.44% | 0.30x | 3.25x | NT$4.61 Billion |
| 2016 | 18.36% | 18.11% | 0.32x | 3.21x | NT$2.89 Billion |
| 2017 | 6.29% | 10.33% | 0.15x | 4.04x | NT$-1.14 Billion |
| 2018 | 20.06% | 15.51% | 0.34x | 3.83x | NT$3.44 Billion |
| 2019 | 9.97% | 12.73% | 0.16x | 4.86x | NT$-9.84 Million |
| 2020 | 8.24% | 10.82% | 0.14x | 5.63x | NT$-566.39 Million |
| 2021 | 20.10% | 18.49% | 0.22x | 5.00x | NT$4.11 Billion |
| 2022 | 8.39% | 14.05% | 0.12x | 5.05x | NT$-717.41 Million |
| 2023 | 5.23% | 5.53% | 0.19x | 4.87x | NT$-2.22 Billion |
| 2024 | 12.01% | 17.03% | 0.15x | 4.69x | NT$1.05 Billion |
Industry Comparison
This section compares Highwealth Construction Corp'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 |
|---|---|---|---|---|
| Highwealth Construction Corp (2542) | NT$59.19 Billion | 7.05% | 3.48x | $1.58 Billion |
| 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 |