Huang Hsiang Construction Corp
Huang Hsiang Construction Corporation, together with its subsidiaries, engages in the development of residential and commercial properties. The company operates through three segments: Construction sector, Construction Division, and Hotel sector. It is involved in leasing and sale of housing and commercial buildings; and construction and civil engineering business. In addition, the company provid… Read more
Huang Hsiang Construction Corp (2545) - Net Assets
Latest net assets as of September 2025: NT$15.15 Billion TWD
Based on the latest financial reports, Huang Hsiang Construction Corp (2545) has net assets worth NT$15.15 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$60.29 Billion) and total liabilities (NT$45.14 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$15.15 Billion |
| % of Total Assets | 25.13% |
| Annual Growth Rate | 10.01% |
| 5-Year Change | 19.88% |
| 10-Year Change | 37.83% |
| Growth Volatility | 21.84 |
Huang Hsiang Construction Corp - Net Assets Trend (2002–2024)
This chart illustrates how Huang Hsiang 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 Huang Hsiang Construction Corp (2002–2024)
The table below shows the annual net assets of Huang Hsiang Construction Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$13.70 Billion | +19.28% |
| 2023-12-31 | NT$11.48 Billion | -6.10% |
| 2022-12-31 | NT$12.23 Billion | -1.35% |
| 2021-12-31 | NT$12.40 Billion | +8.50% |
| 2020-12-31 | NT$11.42 Billion | +13.44% |
| 2019-12-31 | NT$10.07 Billion | -5.40% |
| 2018-12-31 | NT$10.65 Billion | +3.72% |
| 2017-12-31 | NT$10.26 Billion | -10.83% |
| 2016-12-31 | NT$11.51 Billion | +15.85% |
| 2015-12-31 | NT$9.94 Billion | -10.94% |
| 2014-12-31 | NT$11.16 Billion | +4.93% |
| 2013-12-31 | NT$10.63 Billion | -7.77% |
| 2012-12-31 | NT$11.53 Billion | +50.28% |
| 2011-12-31 | NT$7.67 Billion | +12.98% |
| 2010-12-31 | NT$6.79 Billion | -8.36% |
| 2009-12-31 | NT$7.41 Billion | +21.53% |
| 2008-12-31 | NT$6.10 Billion | +11.24% |
| 2007-12-31 | NT$5.48 Billion | -2.18% |
| 2006-12-31 | NT$5.60 Billion | +81.86% |
| 2005-12-31 | NT$3.08 Billion | +34.62% |
| 2004-12-31 | NT$2.29 Billion | +32.13% |
| 2003-12-31 | NT$1.73 Billion | +3.23% |
| 2002-12-31 | NT$1.68 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Huang Hsiang 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 8069.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$7.55 Billion | 55.16% |
| Common Stock | NT$3.28 Billion | 23.93% |
| Other Comprehensive Income | NT$2.85 Billion | 20.79% |
| Other Components | NT$17.13 Million | 0.13% |
| Total Equity | NT$13.70 Billion | 100.00% |
Huang Hsiang Construction Corp Competitors by Market Cap
The table below lists competitors of Huang Hsiang Construction Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pitti Engineering Limited
NSE:PITTIENG
|
$146.18 Million |
|
China Shengmu Organic Milk Limited
F:7OM
|
$146.24 Million |
|
Zhejiang Taitan Co Ltd
SHE:003036
|
$146.27 Million |
|
Three Stars NM
SHG:603578
|
$146.30 Million |
|
OP Bancorp
NASDAQ:OPBK
|
$146.13 Million |
|
FIRST COMMUNITY(S.C.) DL1
F:87Z
|
$146.09 Million |
|
Nordrest Holding AB (publ)
ST:NREST
|
$145.98 Million |
|
Cool Company Ltd
NYSE:CLCO
|
$145.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huang Hsiang Construction Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,482,233,000 to 13,695,753,000, a change of 2,213,520,000 (19.3%).
- Net income of 2,966,834,000 contributed positively to equity growth.
- Dividend payments of 753,790,000 reduced retained earnings.
- Other comprehensive income increased equity by 76,191,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.97 Billion | +21.66% |
| Dividends Paid | NT$753.79 Million | -5.5% |
| Other Comprehensive Income | NT$76.19 Million | +0.56% |
| Other Changes | NT$-75.72 Million | -0.55% |
| Total Change | NT$- | 19.28% |
Book Value vs Market Value Analysis
This analysis compares Huang Hsiang 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: 0.88x
- 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 1.98x to 0.88x 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$18.52 | NT$36.65 | x |
| 2007-12-31 | NT$21.68 | NT$36.65 | x |
| 2008-12-31 | NT$18.47 | NT$36.65 | x |
| 2009-12-31 | NT$22.54 | NT$36.65 | x |
| 2010-12-31 | NT$20.65 | NT$36.65 | x |
| 2011-12-31 | NT$23.32 | NT$36.65 | x |
| 2012-12-31 | NT$35.08 | NT$36.65 | x |
| 2013-12-31 | NT$32.41 | NT$36.65 | x |
| 2014-12-31 | NT$34.00 | NT$36.65 | x |
| 2015-12-31 | NT$30.30 | NT$36.65 | x |
| 2016-12-31 | NT$35.06 | NT$36.65 | x |
| 2017-12-31 | NT$31.31 | NT$36.65 | x |
| 2018-12-31 | NT$32.45 | NT$36.65 | x |
| 2019-12-31 | NT$30.72 | NT$36.65 | x |
| 2020-12-31 | NT$34.81 | NT$36.65 | x |
| 2021-12-31 | NT$37.73 | NT$36.65 | x |
| 2022-12-31 | NT$37.24 | NT$36.65 | x |
| 2023-12-31 | NT$35.00 | NT$36.65 | x |
| 2024-12-31 | NT$41.72 | NT$36.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huang Hsiang Construction Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.66%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.94%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 4.04x
- Recent ROE (21.66%) is above the historical average (16.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.44% | 6.26% | 0.47x | 1.87x | NT$-76.52 Million |
| 2003 | 7.90% | 9.95% | 0.30x | 2.65x | NT$-36.30 Million |
| 2004 | 24.56% | 19.96% | 0.26x | 4.81x | NT$333.28 Million |
| 2005 | 31.00% | 23.53% | 0.27x | 4.79x | NT$645.86 Million |
| 2006 | 40.23% | 28.95% | 0.43x | 3.20x | NT$1.69 Billion |
| 2007 | 26.78% | 26.36% | 0.22x | 4.71x | NT$917.11 Million |
| 2008 | 14.32% | 17.75% | 0.18x | 4.45x | NT$262.87 Million |
| 2009 | 17.75% | 18.46% | 0.26x | 3.68x | NT$573.21 Million |
| 2010 | 2.98% | 15.80% | 0.04x | 4.56x | NT$-475.36 Million |
| 2011 | 17.92% | 27.46% | 0.15x | 4.34x | NT$606.16 Million |
| 2012 | 42.03% | 46.73% | 0.28x | 3.20x | NT$3.69 Billion |
| 2013 | 15.53% | 32.15% | 0.13x | 3.61x | NT$588.43 Million |
| 2014 | 16.45% | 39.44% | 0.11x | 3.71x | NT$719.88 Million |
| 2015 | 0.91% | 5.08% | 0.04x | 4.43x | NT$-902.98 Million |
| 2016 | 17.10% | 14.74% | 0.36x | 3.21x | NT$817.15 Million |
| 2017 | 2.22% | 7.62% | 0.07x | 3.89x | NT$-798.26 Million |
| 2018 | 7.96% | 27.68% | 0.08x | 3.70x | NT$-217.29 Million |
| 2019 | 0.14% | 0.45% | 0.08x | 4.00x | NT$-992.81 Million |
| 2020 | 15.29% | 27.05% | 0.16x | 3.64x | NT$604.17 Million |
| 2021 | 19.74% | 31.16% | 0.17x | 3.83x | NT$1.21 Billion |
| 2022 | 15.50% | 26.82% | 0.14x | 4.15x | NT$673.04 Million |
| 2023 | 6.63% | 16.05% | 0.09x | 4.69x | NT$-386.45 Million |
| 2024 | 21.66% | 23.94% | 0.22x | 4.04x | NT$1.60 Billion |
Industry Comparison
This section compares Huang Hsiang Construction Corp's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $5,118,712,000
- Average return on equity (ROE) among peers: 1.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huang Hsiang Construction Corp (2545) | NT$15.15 Billion | 5.44% | 2.98x | $146.17 Million |
| SanDi Properties Co Ltd (1438) | $281.86 Million | -43.04% | 2.86x | $49.83 Million |
| Kindom Construction Corp (2520) | $7.46 Billion | 2.99% | 1.14x | $359.49 Million |
| Rich Development Co Ltd (5512) | $10.56 Billion | 11.83% | 1.67x | $118.68 Million |
| Full Wang International Development Co Ltd (6219) | $2.10 Billion | 28.76% | 5.31x | $21.71 Million |
| San Far Property Ltd (9946) | $5.19 Billion | 6.67% | 1.24x | $79.00 Million |