Leofoo Development Co Ltd (2705) - Net Assets
Based on the latest financial reports, Leofoo Development Co Ltd (2705) has net assets worth NT$5.03 Billion TWD (≈ $158.39 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$15.79 Billion ≈ $497.63 Million USD) and total liabilities (NT$10.77 Billion ≈ $339.24 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. Check Leofoo Development Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$5.03 Billion |
| % of Total Assets | 31.83% |
| Annual Growth Rate | 0.33% |
| 5-Year Change | -3.82% |
| 10-Year Change | 10.41% |
| Growth Volatility | 67.27 |
Leofoo Development Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Leofoo Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See 2705 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Leofoo Development Co Ltd (2002–2025)
The table below shows the annual net assets of Leofoo Development Co Ltd from 2002 to 2025. For live valuation and market cap data, see Leofoo Development Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$5.03 Billion ≈ $158.39 Million |
+3.45% |
| 2024-12-31 | NT$4.86 Billion ≈ $153.11 Million |
+0.71% |
| 2023-12-31 | NT$4.83 Billion ≈ $152.04 Million |
-1.81% |
| 2022-12-31 | NT$4.91 Billion ≈ $154.83 Million |
-5.98% |
| 2021-12-31 | NT$5.23 Billion ≈ $164.68 Million |
+318.70% |
| 2020-12-31 | NT$1.25 Billion ≈ $39.33 Million |
-22.88% |
| 2019-12-31 | NT$1.62 Billion ≈ $51.00 Million |
-25.21% |
| 2018-12-31 | NT$2.16 Billion ≈ $68.19 Million |
-38.52% |
| 2017-12-31 | NT$3.52 Billion ≈ $110.93 Million |
-22.67% |
| 2016-12-31 | NT$4.55 Billion ≈ $143.45 Million |
-7.66% |
| 2015-12-31 | NT$4.93 Billion ≈ $155.36 Million |
+1.41% |
| 2014-12-31 | NT$4.86 Billion ≈ $153.21 Million |
+0.87% |
| 2013-12-31 | NT$4.82 Billion ≈ $151.88 Million |
-2.94% |
| 2012-12-31 | NT$4.97 Billion ≈ $156.48 Million |
-2.08% |
| 2011-12-31 | NT$5.07 Billion ≈ $159.81 Million |
+28.82% |
| 2010-12-31 | NT$3.94 Billion ≈ $124.06 Million |
+3.16% |
| 2009-12-31 | NT$3.82 Billion ≈ $120.27 Million |
-3.71% |
| 2008-12-31 | NT$3.96 Billion ≈ $124.91 Million |
-13.11% |
| 2007-12-31 | NT$4.56 Billion ≈ $143.75 Million |
+8.44% |
| 2006-12-31 | NT$4.21 Billion ≈ $132.57 Million |
-0.71% |
| 2005-12-31 | NT$4.24 Billion ≈ $133.52 Million |
-3.12% |
| 2004-12-31 | NT$4.37 Billion ≈ $137.82 Million |
-0.94% |
| 2003-12-31 | NT$4.42 Billion ≈ $139.12 Million |
-5.27% |
| 2002-12-31 | NT$4.66 Billion ≈ $146.86 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Leofoo 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 decreased by 170761600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.91 Billion | 38.05% |
| Other Comprehensive Income | NT$4.79 Billion | 95.29% |
| Other Components | NT$31.37 Million | 0.62% |
| Total Equity | NT$5.03 Billion | 100.00% |
Leofoo Development Co Ltd Competitors by Market Cap
The table below lists competitors of Leofoo Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Namib Minerals Ordinary Shares
NASDAQ:NAMM
|
$98.61 Million |
|
Geodrill Limited
TO:GEO
|
$98.64 Million |
|
Serrano 61 Desarrollo SOCIMI SA
MC:YSRR
|
$98.65 Million |
|
Canadian Life Companies Split Corp
TO:LFE
|
$98.67 Million |
|
Creepy Jar SA
WAR:CRJ
|
$98.55 Million |
|
Nanjing Putian Telecommunications Co Ltd Class B
SHE:200468
|
$98.53 Million |
|
Genexine Inc
KQ:095700
|
$98.47 Million |
|
Ying Han Technology Co Ltd
TW:4562
|
$98.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Leofoo Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,859,916,000 to 5,027,399,000, a change of 167,483,000 (3.4%).
- Net income of 166,585,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 1,417,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$166.59 Million | +3.31% |
| Other Comprehensive Income | NT$-1.42 Million | -0.03% |
| Other Changes | NT$2.31 Million | +0.05% |
| Total Change | NT$- | 3.45% |
Book Value vs Market Value Analysis
This analysis compares Leofoo 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: 0.62x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$22.82 | NT$16.35 | x |
| 2010-12-31 | NT$24.02 | NT$16.35 | x |
| 2011-12-31 | NT$30.78 | NT$16.35 | x |
| 2012-12-31 | NT$26.63 | NT$16.35 | x |
| 2013-12-31 | NT$25.84 | NT$16.35 | x |
| 2014-12-31 | NT$26.06 | NT$16.35 | x |
| 2015-12-31 | NT$26.40 | NT$16.35 | x |
| 2016-12-31 | NT$24.41 | NT$16.35 | x |
| 2017-12-31 | NT$18.87 | NT$16.35 | x |
| 2018-12-31 | NT$11.60 | NT$16.35 | x |
| 2019-12-31 | NT$8.68 | NT$16.35 | x |
| 2020-12-31 | NT$6.69 | NT$16.35 | x |
| 2021-12-31 | NT$27.54 | NT$16.35 | x |
| 2022-12-31 | NT$25.69 | NT$16.35 | x |
| 2023-12-31 | NT$25.22 | NT$16.35 | x |
| 2024-12-31 | NT$25.40 | NT$16.35 | x |
| 2025-12-31 | NT$26.26 | NT$16.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leofoo Development Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.27%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 3.14x
- Recent ROE (3.31%) is above the historical average (-10.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -3.86% | -7.10% | 0.26x | 2.09x | NT$-529.00 Million |
| 2010 | 3.06% | 4.49% | 0.32x | 2.10x | NT$-273.24 Million |
| 2011 | 11.18% | 16.73% | 0.31x | 2.13x | NT$59.96 Million |
| 2012 | -2.12% | -3.85% | 0.26x | 2.08x | NT$-602.13 Million |
| 2013 | -2.88% | -5.60% | 0.26x | 2.00x | NT$-621.02 Million |
| 2014 | 1.32% | 2.24% | 0.28x | 2.07x | NT$-422.27 Million |
| 2015 | 2.35% | 3.95% | 0.27x | 2.21x | NT$-377.35 Million |
| 2016 | -7.86% | -11.07% | 0.31x | 2.26x | NT$-813.05 Million |
| 2017 | -29.23% | -31.62% | 0.35x | 2.66x | NT$-1.38 Billion |
| 2018 | -60.72% | -64.91% | 0.24x | 3.89x | NT$-1.53 Billion |
| 2019 | -43.60% | -31.70% | 0.19x | 7.42x | NT$-867.75 Million |
| 2020 | -30.71% | -25.72% | 0.13x | 9.23x | NT$-508.24 Million |
| 2021 | -5.30% | -22.04% | 0.08x | 3.07x | NT$-799.70 Million |
| 2022 | -6.51% | -19.10% | 0.11x | 3.21x | NT$-811.39 Million |
| 2023 | -2.03% | -4.42% | 0.14x | 3.24x | NT$-580.31 Million |
| 2024 | 1.83% | 3.82% | 0.15x | 3.17x | NT$-397.17 Million |
| 2025 | 3.31% | 7.27% | 0.15x | 3.14x | NT$-336.15 Million |
Industry Comparison
This section compares Leofoo Development Co Ltd's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $2,788,043,375
- Average return on equity (ROE) among peers: 11.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leofoo Development Co Ltd (2705) | NT$5.03 Billion | -3.86% | 2.14x | $98.55 Million |
| Hotel Holiday Garden (2702) | $753.49 Million | 4.23% | 0.81x | $64.39 Million |
| Ambassador Hotel Ltd (2704) | $9.99 Billion | 4.05% | 0.15x | $532.92 Million |
| Formosa International Hotels Corp (2707) | $4.35 Billion | 33.34% | 1.35x | $722.50 Million |
| HOYA Resort Hotel Group (2736) | $1.18 Billion | 1.00% | 0.86x | $30.11 Million |
| My Humble House Hospitality Management Consulting Co Ltd (2739) | $1.97 Billion | 14.32% | 0.83x | $104.96 Million |
| FDC International Hotels Corp (2748) | $2.95 Billion | 11.21% | 0.70x | $135.80 Million |
| Landis Taipei Hotel Co Ltd (5703) | $522.36 Million | 7.09% | 0.89x | $30.54 Million |
| Hotel Royal Chihpen (5704) | $579.20 Million | 19.99% | 0.33x | $26.02 Million |
About Leofoo Development Co Ltd
Leofoo Development Co., Ltd., together with its subsidiaries, provides amusement park services in Taiwan. It operates through three segments: Leofoo Village, Leofoo Inn, and Leofoo Courtyard. The company operates a theme park and a safari park under the Leofoo Village name; a water park under the Leofoo Water Park name; tourists hotels under the Leofoo Courtyard by Marriott Taipei name; an apartm… Read more