Kedge Construction Co Ltd Net Assets
Kedge Construction Co Ltd net assets. Based on the latest financial reports, Kedge Construction Co Ltd (2546) has net assets worth NT$6.57 Billion TWD (≈ $206.99 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$17.11 Billion ≈ $539.01 Million USD) and total liabilities (NT$10.54 Billion ≈ $332.02 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. Also explore net asset growth rate of Kedge Construction Co Ltd to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.57 Billion |
| % of Total Assets | 38.4% |
| Annual Growth Rate | 9.44% |
| 5-Year Change | 71.83% |
| 10-Year Change | 172.54% |
| Growth Volatility | 18.2 |
Net Assets of Kedge Construction Co Ltd (2002–2025)
Net assets of Kedge Construction Co Ltd from 2002 to 2025. This chart illustrates how Kedge Construction Co Ltd's net assets have evolved over time, based on quarterly financial data. See Kedge Construction Co Ltd (2546) net asset quality to measure how much of total assets are equity-financed.
Annual Net Assets for Kedge Construction Co Ltd (2002–2025)
The table below shows the annual net assets of Kedge Construction Co Ltd from 2002 to 2025. For live market cap and overall valuation, see market cap of Kedge Construction Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$6.03 Billion ≈ $190.08 Million |
+12.97% |
| 2024-12-31 | NT$5.34 Billion ≈ $168.26 Million |
+11.12% |
| 2023-12-31 | NT$4.81 Billion ≈ $151.41 Million |
+14.80% |
| 2022-12-31 | NT$4.19 Billion ≈ $131.90 Million |
+19.23% |
| 2021-12-31 | NT$3.51 Billion ≈ $110.62 Million |
+14.40% |
| 2020-12-31 | NT$3.07 Billion ≈ $96.70 Million |
+11.97% |
| 2019-12-31 | NT$2.74 Billion ≈ $86.36 Million |
+8.22% |
| 2018-12-31 | NT$2.53 Billion ≈ $79.80 Million |
+7.57% |
| 2017-12-31 | NT$2.35 Billion ≈ $74.18 Million |
+6.36% |
| 2016-12-31 | NT$2.21 Billion ≈ $69.75 Million |
+8.78% |
| 2015-12-31 | NT$2.04 Billion ≈ $64.12 Million |
-5.72% |
| 2014-12-31 | NT$2.16 Billion ≈ $68.01 Million |
+1.12% |
| 2013-12-31 | NT$2.13 Billion ≈ $67.25 Million |
+7.78% |
| 2012-12-31 | NT$1.98 Billion ≈ $62.40 Million |
+5.44% |
| 2011-12-31 | NT$1.88 Billion ≈ $59.18 Million |
-5.66% |
| 2010-12-31 | NT$1.99 Billion ≈ $62.73 Million |
+80.38% |
| 2009-12-31 | NT$1.10 Billion ≈ $34.78 Million |
+36.64% |
| 2008-12-31 | NT$807.91 Million ≈ $25.45 Million |
-5.02% |
| 2007-12-31 | NT$850.58 Million ≈ $26.80 Million |
+1.06% |
| 2006-12-31 | NT$841.62 Million ≈ $26.52 Million |
+18.56% |
| 2005-12-31 | NT$709.84 Million ≈ $22.36 Million |
+6.39% |
| 2004-12-31 | NT$667.18 Million ≈ $21.02 Million |
-18.43% |
| 2003-12-31 | NT$817.89 Million ≈ $25.77 Million |
+7.89% |
| 2002-12-31 | NT$758.07 Million ≈ $23.88 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kedge Construction 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 11170.9% over the analyzed period, indicating profitable operations and earnings retention.
Kedge Construction Co Ltd Net Assets Breakdown (December 2025)
Kedge Construction Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.28 Billion | 54.34% |
| Common Stock | NT$1.31 Billion | 21.63% |
| Other Comprehensive Income | NT$1.07 Billion | 17.68% |
| Other Components | NT$383.11 Million | 6.35% |
| Total Equity | NT$6.03 Billion | 100.00% |
Kedge Construction Co Ltd Competitors by Market Cap
The table below lists competitors of Kedge Construction Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CapitaLand Malaysia Mall Trust
KLSE:5180
|
$460.45 Million |
|
Gray Television Inc
NYSE:GTN
|
$460.65 Million |
|
Beijing SinoHytec Co. Ltd. A
SHG:688339
|
$460.69 Million |
|
St Barbara Limited
F:BM1
|
$460.69 Million |
|
Hyosung Advanced Materials Corp
KO:298050
|
$459.95 Million |
|
Hankook Shell Oil
KO:002960
|
$459.88 Million |
|
DINGDONG CAYMAN 2ADR/3 A
F:945
|
$459.79 Million |
|
Shenmao Technology Inc
TW:3305
|
$459.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kedge Construction Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,340,289,000 to 6,033,142,000, a change of 692,853,000 (13.0%).
- Net income of 1,242,843,000 contributed positively to equity growth.
- Dividend payments of 394,035,000 reduced retained earnings.
- Other comprehensive income increased equity by 684,606,000.
- Other factors decreased equity by 840,561,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.24 Billion | +20.6% |
| Dividends Paid | NT$394.04 Million | -6.53% |
| Other Comprehensive Income | NT$684.61 Million | +11.35% |
| Other Changes | NT$-840.56 Million | -13.93% |
| Total Change | NT$- | 12.97% |
Book Value vs Market Value Analysis
This analysis compares Kedge Construction 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: 2.16x
- 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 8.68x to 2.16x 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$11.50 | NT$99.90 | x |
| 2010-12-31 | NT$21.17 | NT$99.90 | x |
| 2011-12-31 | NT$14.95 | NT$99.90 | x |
| 2012-12-31 | NT$15.47 | NT$99.90 | x |
| 2013-12-31 | NT$16.67 | NT$99.90 | x |
| 2014-12-31 | NT$16.86 | NT$99.90 | x |
| 2015-12-31 | NT$15.89 | NT$99.90 | x |
| 2016-12-31 | NT$17.26 | NT$99.90 | x |
| 2017-12-31 | NT$18.36 | NT$99.90 | x |
| 2018-12-31 | NT$19.74 | NT$99.90 | x |
| 2019-12-31 | NT$21.38 | NT$99.90 | x |
| 2020-12-31 | NT$23.82 | NT$99.90 | x |
| 2021-12-31 | NT$27.20 | NT$99.90 | x |
| 2022-12-31 | NT$32.24 | NT$99.90 | x |
| 2023-12-31 | NT$36.41 | NT$99.90 | x |
| 2024-12-31 | NT$40.55 | NT$99.90 | x |
| 2025-12-31 | NT$46.21 | NT$99.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kedge Construction Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.78%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 2.52x
- Recent ROE (20.60%) is above the historical average (12.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.70% | 0.15% | 1.72x | 2.70x | NT$-70.51 Million |
| 2003 | 0.12% | 0.06% | 0.84x | 2.42x | NT$-77.85 Million |
| 2005 | 8.85% | 1.51% | 1.70x | 3.45x | NT$-7.85 Million |
| 2006 | 9.24% | 4.49% | 0.92x | 2.23x | NT$-6.19 Million |
| 2007 | 9.51% | 2.90% | 1.38x | 2.37x | NT$-4.06 Million |
| 2008 | 6.03% | 1.62% | 1.53x | 2.43x | NT$-31.98 Million |
| 2009 | 23.18% | 6.45% | 1.30x | 2.76x | NT$144.77 Million |
| 2010 | 13.55% | 4.35% | 1.43x | 2.18x | NT$70.49 Million |
| 2011 | 6.30% | 1.82% | 1.49x | 2.33x | NT$-69.41 Million |
| 2012 | 6.00% | 1.71% | 1.51x | 2.33x | NT$-79.13 Million |
| 2013 | 8.33% | 2.98% | 1.36x | 2.06x | NT$-35.64 Million |
| 2014 | 8.24% | 3.22% | 1.22x | 2.10x | NT$-38.00 Million |
| 2015 | 6.60% | 2.29% | 1.20x | 2.39x | NT$-69.11 Million |
| 2016 | 9.24% | 2.46% | 1.53x | 2.46x | NT$-16.87 Million |
| 2017 | 12.54% | 3.53% | 1.27x | 2.80x | NT$59.88 Million |
| 2018 | 16.09% | 3.57% | 1.64x | 2.76x | NT$154.23 Million |
| 2019 | 14.68% | 3.51% | 1.38x | 3.02x | NT$128.25 Million |
| 2020 | 20.41% | 4.43% | 1.50x | 3.07x | NT$319.53 Million |
| 2021 | 21.09% | 6.87% | 1.16x | 2.64x | NT$389.38 Million |
| 2022 | 25.03% | 7.38% | 1.20x | 2.82x | NT$629.31 Million |
| 2023 | 20.61% | 6.93% | 1.14x | 2.62x | NT$509.78 Million |
| 2024 | 16.37% | 6.14% | 1.09x | 2.45x | NT$340.33 Million |
| 2025 | 20.60% | 5.78% | 1.42x | 2.52x | NT$639.53 Million |
Industry Comparison
This section compares Kedge Construction Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $7,186,198,800
- Average return on equity (ROE) among peers: 7.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kedge Construction Co Ltd (2546) | NT$6.57 Billion | 0.70% | 1.60x | $460.11 Million |
| Tri Ocean Textile Co Ltd (1472) | $897.77 Million | 0.00% | 1.05x | $146.02 Million |
| Evergreen Steel Corp (2211) | $12.45 Billion | 5.94% | 0.24x | $1.02 Billion |
| United Integrated Services Co Ltd (2404) | $10.61 Billion | 37.69% | 2.15x | $5.91 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $126.37 Million |
| BES Engineering Co (2515) | $18.41 Billion | 0.21% | 0.87x | $562.30 Million |
| New Asia Construction & Development Corp (2516) | $2.41 Billion | 2.77% | 2.80x | $112.99 Million |
| Kindom Construction Corp (2520) | $9.11 Billion | 12.91% | 1.69x | $653.89 Million |
| Delpha Construction Co Ltd (2530) | $4.00 Billion | 0.00% | 2.08x | $502.25 Million |
| Da-Cin Construction Co Ltd (2535) | $3.65 Billion | 9.48% | 1.58x | $737.74 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $2.17 Billion | 1.64% | 2.73x | $533.91 Million |
About Kedge Construction Co Ltd
Kedge Construction Co., Ltd., together with its subsidiaries, engages in the construction business in Taiwan. The company constructs housing, market and mall, institution school, technology factory office, and biotech medical projects; and offers civil engineering. It is also involved in electrical installation and fire protection; general investment activities; and integrated construction. The c… Read more