Wanhwa Enterprise Co
Wan Hwa Enterprise Company Ltd. engages in the real estate business in Taiwan. The company leases commercial complexes for use as department stores, bookstores, restaurants, convenience stores, and business hotels, and others. It also operates cinemas and amusement parks. The company was incorporated in 1958 and is headquartered in Taipei, Taiwan.
Wanhwa Enterprise Co (2701) - Net Assets
Latest net assets as of September 2025: NT$8.21 Billion TWD
Based on the latest financial reports, Wanhwa Enterprise Co (2701) has net assets worth NT$8.21 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$9.60 Billion) and total liabilities (NT$1.39 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$8.21 Billion |
| % of Total Assets | 85.57% |
| Annual Growth Rate | 4.11% |
| 5-Year Change | 12.58% |
| 10-Year Change | 25.71% |
| Growth Volatility | 7.01 |
Wanhwa Enterprise Co - Net Assets Trend (2000–2024)
This chart illustrates how Wanhwa Enterprise Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wanhwa Enterprise Co (2000–2024)
The table below shows the annual net assets of Wanhwa Enterprise Co from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.48 Billion | +2.35% |
| 2023-12-31 | NT$8.28 Billion | +4.59% |
| 2022-12-31 | NT$7.92 Billion | +5.00% |
| 2021-12-31 | NT$7.54 Billion | +0.15% |
| 2020-12-31 | NT$7.53 Billion | -3.46% |
| 2019-12-31 | NT$7.80 Billion | +5.54% |
| 2018-12-31 | NT$7.39 Billion | +4.49% |
| 2017-12-31 | NT$7.07 Billion | +2.82% |
| 2016-12-31 | NT$6.88 Billion | +2.00% |
| 2015-12-31 | NT$6.75 Billion | +5.30% |
| 2014-12-31 | NT$6.41 Billion | +8.05% |
| 2013-12-31 | NT$5.93 Billion | +4.68% |
| 2012-12-31 | NT$5.66 Billion | +4.61% |
| 2011-12-31 | NT$5.41 Billion | -8.28% |
| 2010-12-31 | NT$5.90 Billion | +9.29% |
| 2009-12-31 | NT$5.40 Billion | +13.28% |
| 2008-12-31 | NT$4.77 Billion | -5.76% |
| 2007-12-31 | NT$5.06 Billion | +2.33% |
| 2006-12-31 | NT$4.94 Billion | +17.06% |
| 2005-12-31 | NT$4.22 Billion | +25.26% |
| 2004-12-31 | NT$3.37 Billion | +1.72% |
| 2003-12-31 | NT$3.31 Billion | +2.10% |
| 2002-12-31 | NT$3.25 Billion | -5.04% |
| 2001-12-31 | NT$3.42 Billion | +5.97% |
| 2000-12-31 | NT$3.23 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wanhwa Enterprise Co'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 79.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.48 Billion | 17.49% |
| Common Stock | NT$4.50 Billion | 53.06% |
| Other Comprehensive Income | NT$2.50 Billion | 29.45% |
| Total Equity | NT$8.48 Billion | 100.00% |
Wanhwa Enterprise Co Competitors by Market Cap
The table below lists competitors of Wanhwa Enterprise Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bukaka Teknik Utama Tbk Pt
JK:BUKK
|
$33.60 Million |
|
Herantis Pharma Oyj
HE:HRTIS
|
$33.60 Million |
|
Brave C&H Supply Co Ltd
TWO:6538
|
$33.61 Million |
|
Old Mutual Ltd
JSE:OMU
|
$33.64 Million |
|
Eldeco Housing And Industries Limited
NSE:ELDEHSG
|
$33.59 Million |
|
Blockchain Coinvestors Acquisition Corp I
NASDAQ:BCSA
|
$33.59 Million |
|
Making Science Group S.A.
MC:MAKS
|
$33.59 Million |
|
Penguen Gida Sanayi AS
IS:PENGD
|
$33.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wanhwa Enterprise Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,284,851,000 to 8,479,837,000, a change of 194,986,000 (2.4%).
- Net income of 229,644,000 contributed positively to equity growth.
- Dividend payments of 129,156,000 reduced retained earnings.
- Other comprehensive income increased equity by 114,230,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$229.64 Million | +2.71% |
| Dividends Paid | NT$129.16 Million | -1.52% |
| Other Comprehensive Income | NT$114.23 Million | +1.35% |
| Other Changes | NT$-19.73 Million | -0.23% |
| Total Change | NT$- | 2.35% |
Book Value vs Market Value Analysis
This analysis compares Wanhwa Enterprise Co'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: 0.56x
- 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 0.89x to 0.56x 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$12.00 | NT$10.70 | x |
| 2010-12-31 | NT$13.12 | NT$10.70 | x |
| 2011-12-31 | NT$12.03 | NT$10.70 | x |
| 2012-12-31 | NT$12.59 | NT$10.70 | x |
| 2013-12-31 | NT$13.18 | NT$10.70 | x |
| 2014-12-31 | NT$14.24 | NT$10.70 | x |
| 2015-12-31 | NT$14.99 | NT$10.70 | x |
| 2016-12-31 | NT$15.29 | NT$10.70 | x |
| 2017-12-31 | NT$15.72 | NT$10.70 | x |
| 2018-12-31 | NT$16.43 | NT$10.70 | x |
| 2019-12-31 | NT$17.34 | NT$10.70 | x |
| 2020-12-31 | NT$16.74 | NT$10.70 | x |
| 2021-12-31 | NT$16.76 | NT$10.70 | x |
| 2022-12-31 | NT$17.60 | NT$10.70 | x |
| 2023-12-31 | NT$18.41 | NT$10.70 | x |
| 2024-12-31 | NT$18.98 | NT$10.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wanhwa Enterprise Co 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): 2.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 79.19%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.15x
- Recent ROE (2.71%) is below the historical average (4.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.73% | 63.87% | 0.14x | 1.32x | NT$55.83 Million |
| 2001 | 5.25% | 50.62% | 0.08x | 1.30x | NT$-162.50 Million |
| 2002 | 4.23% | 45.78% | 0.07x | 1.32x | NT$-187.24 Million |
| 2003 | 3.38% | 44.06% | 0.06x | 1.31x | NT$-219.38 Million |
| 2004 | 4.40% | 48.22% | 0.07x | 1.31x | NT$-188.82 Million |
| 2005 | 5.00% | 56.12% | 0.08x | 1.16x | NT$-211.30 Million |
| 2006 | 7.34% | 63.60% | 0.10x | 1.16x | NT$-131.37 Million |
| 2007 | 3.11% | 44.07% | 0.06x | 1.17x | NT$-348.44 Million |
| 2008 | 2.93% | 37.15% | 0.07x | 1.19x | NT$-337.16 Million |
| 2009 | 3.75% | 68.23% | 0.05x | 1.16x | NT$-337.72 Million |
| 2010 | 3.54% | 64.71% | 0.05x | 1.14x | NT$-381.37 Million |
| 2011 | 3.20% | 45.92% | 0.06x | 1.16x | NT$-367.98 Million |
| 2012 | 3.70% | 61.04% | 0.05x | 1.15x | NT$-356.73 Million |
| 2013 | 3.47% | 57.32% | 0.05x | 1.15x | NT$-386.94 Million |
| 2014 | 4.38% | 75.33% | 0.05x | 1.15x | NT$-360.29 Million |
| 2015 | 4.87% | 82.64% | 0.05x | 1.15x | NT$-346.21 Million |
| 2016 | 5.24% | 95.34% | 0.05x | 1.15x | NT$-327.79 Million |
| 2017 | 5.66% | 108.02% | 0.05x | 1.15x | NT$-307.04 Million |
| 2018 | 4.45% | 90.32% | 0.04x | 1.16x | NT$-410.01 Million |
| 2019 | 5.12% | 114.63% | 0.04x | 1.16x | NT$-380.66 Million |
| 2020 | 2.31% | 65.78% | 0.03x | 1.17x | NT$-579.11 Million |
| 2021 | 1.12% | 35.16% | 0.03x | 1.16x | NT$-670.00 Million |
| 2022 | 2.67% | 93.43% | 0.02x | 1.16x | NT$-580.34 Million |
| 2023 | 2.86% | 79.86% | 0.03x | 1.15x | NT$-591.15 Million |
| 2024 | 2.71% | 79.19% | 0.03x | 1.15x | NT$-618.34 Million |
Industry Comparison
This section compares Wanhwa Enterprise Co's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $3,730,259,222
- Average return on equity (ROE) among peers: 4.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wanhwa Enterprise Co (2701) | NT$8.21 Billion | 11.73% | 0.17x | $33.60 Million |
| Sun Yad Construction Co Ltd (1316) | $2.61 Billion | -3.93% | 1.72x | $118.24 Million |
| GTM Holdings Corp (1437) | $5.06 Billion | 8.52% | 0.86x | $109.18 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.29 Billion | 5.28% | 4.21x | $7.40 Million |
| Hiyes International Co Ltd (2348) | $1.11 Billion | 8.17% | 0.85x | $117.34 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.67 Billion | 10.73% | 0.91x | $52.37 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $7.39 Billion | 0.87% | 1.55x | $137.37 Million |
| Crowell Development Corp (2528) | $307.29 Million | 0.00% | 4.72x | $196.03 Million |
| JSL Construction & Development Co Ltd (2540) | $4.04 Billion | 6.45% | 1.48x | $370.33 Million |
| First Hotel Co Ltd (2706) | $8.10 Billion | 6.19% | 0.15x | $50.43 Million |