Formosa International Hotels Corp
Formosa International Hotels Corporation, together with its subsidiaries, engages in the operation of tourist hotels in Taiwan and internationally. The company operates hotels under the Regent Taipei, Silks Place, Wellspring By Silks, Silks Club, and Just Sleep brand names; and restaurants under the Silks Palace, Spice Market, Bando Club, Mihan Beitou, and Garden Villa brand names. It is also inv… Read more
Formosa International Hotels Corp (2707) - Net Assets
Latest net assets as of September 2025: NT$3.85 Billion TWD
Based on the latest financial reports, Formosa International Hotels Corp (2707) has net assets worth NT$3.85 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$9.28 Billion) and total liabilities (NT$5.43 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$3.85 Billion |
| % of Total Assets | 41.49% |
| Annual Growth Rate | -0.12% |
| 5-Year Change | 32.51% |
| 10-Year Change | 23.77% |
| Growth Volatility | 15.68 |
Formosa International Hotels Corp - Net Assets Trend (2000–2024)
This chart illustrates how Formosa International Hotels 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 Formosa International Hotels Corp (2000–2024)
The table below shows the annual net assets of Formosa International Hotels Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.84 Billion | -2.25% |
| 2023-12-31 | NT$4.95 Billion | +5.15% |
| 2022-12-31 | NT$4.71 Billion | -8.84% |
| 2021-12-31 | NT$5.16 Billion | +41.43% |
| 2020-12-31 | NT$3.65 Billion | +2.58% |
| 2019-12-31 | NT$3.56 Billion | -17.51% |
| 2018-12-31 | NT$4.31 Billion | +14.97% |
| 2017-12-31 | NT$3.75 Billion | -2.43% |
| 2016-12-31 | NT$3.85 Billion | -1.60% |
| 2015-12-31 | NT$3.91 Billion | +4.43% |
| 2014-12-31 | NT$3.74 Billion | +10.22% |
| 2013-12-31 | NT$3.39 Billion | +6.82% |
| 2012-12-31 | NT$3.18 Billion | -1.78% |
| 2011-12-31 | NT$3.24 Billion | +9.41% |
| 2010-12-31 | NT$2.96 Billion | +3.10% |
| 2009-12-31 | NT$2.87 Billion | -2.14% |
| 2008-12-31 | NT$2.93 Billion | -3.48% |
| 2007-12-31 | NT$3.04 Billion | +3.16% |
| 2006-12-31 | NT$2.94 Billion | -35.59% |
| 2005-12-31 | NT$4.57 Billion | +36.57% |
| 2004-12-31 | NT$3.35 Billion | +4.90% |
| 2003-12-31 | NT$3.19 Billion | -6.96% |
| 2002-12-31 | NT$3.43 Billion | -18.25% |
| 2001-12-31 | NT$4.19 Billion | -15.69% |
| 2000-12-31 | NT$4.97 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Formosa International Hotels 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 178.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.73 Billion | 37.53% |
| Common Stock | NT$1.27 Billion | 27.70% |
| Other Comprehensive Income | NT$1.38 Billion | 29.94% |
| Other Components | NT$222.38 Million | 4.83% |
| Total Equity | NT$4.60 Billion | 100.00% |
Formosa International Hotels Corp Competitors by Market Cap
The table below lists competitors of Formosa International Hotels Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sinoma Energy Conservation Ltd
SHG:603126
|
$319.39 Million |
|
OSAKA ORG.CHEM.IND.
F:7YE
|
$319.45 Million |
|
ASHTEAD TECHNOLOGY LS-05
F:Y9R
|
$319.45 Million |
|
Nanning Department Store Co Ltd
SHG:600712
|
$319.53 Million |
|
Beijing Scitop Bio Tech Co Ltd
SHE:300858
|
$319.13 Million |
|
Newron Pharmaceuticals SpA
SW:NWRN
|
$319.05 Million |
|
Shenzhen Sosen Electronics Co.Ltd.
SHE:301002
|
$319.00 Million |
|
Anupam Rasayan India Limited
NSE:ANURAS
|
$318.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formosa International Hotels Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,587,444,000 to 4,600,120,000, a change of 12,676,000 (0.3%).
- Net income of 1,346,033,000 contributed positively to equity growth.
- Dividend payments of 1,450,116,000 reduced retained earnings.
- Other comprehensive income increased equity by 124,237,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.35 Billion | +29.26% |
| Dividends Paid | NT$1.45 Billion | -31.52% |
| Other Comprehensive Income | NT$124.24 Million | +2.7% |
| Other Changes | NT$-7.48 Million | -0.16% |
| Total Change | NT$- | 0.28% |
Book Value vs Market Value Analysis
This analysis compares Formosa International Hotels 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: 5.13x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.49x to 5.13x 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$19.44 | NT$184.50 | x |
| 2007-12-31 | NT$20.19 | NT$184.50 | x |
| 2008-12-31 | NT$19.54 | NT$184.50 | x |
| 2009-12-31 | NT$19.29 | NT$184.50 | x |
| 2010-12-31 | NT$20.22 | NT$184.50 | x |
| 2011-12-31 | NT$22.41 | NT$184.50 | x |
| 2012-12-31 | NT$24.32 | NT$184.50 | x |
| 2013-12-31 | NT$25.72 | NT$184.50 | x |
| 2014-12-31 | NT$27.82 | NT$184.50 | x |
| 2015-12-31 | NT$28.53 | NT$184.50 | x |
| 2016-12-31 | NT$27.48 | NT$184.50 | x |
| 2017-12-31 | NT$26.02 | NT$184.50 | x |
| 2018-12-31 | NT$29.81 | NT$184.50 | x |
| 2019-12-31 | NT$23.94 | NT$184.50 | x |
| 2020-12-31 | NT$24.36 | NT$184.50 | x |
| 2021-12-31 | NT$36.66 | NT$184.50 | x |
| 2022-12-31 | NT$33.97 | NT$184.50 | x |
| 2023-12-31 | NT$35.88 | NT$184.50 | x |
| 2024-12-31 | NT$35.95 | NT$184.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formosa International Hotels 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): 29.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.38%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.38x
- Recent ROE (29.26%) is above the historical average (27.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 16.77% | 28.59% | 0.43x | 1.38x | NT$328.25 Million |
| 2001 | 17.16% | 25.82% | 0.49x | 1.35x | NT$280.82 Million |
| 2002 | 21.69% | 27.81% | 0.56x | 1.39x | NT$370.90 Million |
| 2003 | 20.98% | 28.05% | 0.53x | 1.40x | NT$321.67 Million |
| 2004 | 21.77% | 26.01% | 0.60x | 1.40x | NT$364.98 Million |
| 2005 | 19.71% | 29.59% | 0.52x | 1.28x | NT$420.43 Million |
| 2006 | 29.23% | 27.63% | 0.53x | 2.00x | NT$521.12 Million |
| 2007 | 30.66% | 20.61% | 1.00x | 1.49x | NT$581.60 Million |
| 2008 | 24.85% | 15.96% | 1.01x | 1.54x | NT$404.76 Million |
| 2009 | 25.91% | 16.21% | 1.00x | 1.60x | NT$428.06 Million |
| 2010 | 31.65% | 17.03% | 0.86x | 2.16x | NT$610.52 Million |
| 2011 | 30.96% | 17.60% | 0.87x | 2.01x | NT$654.96 Million |
| 2012 | 35.22% | 19.85% | 0.91x | 1.94x | NT$777.62 Million |
| 2013 | 34.20% | 19.76% | 0.81x | 2.12x | NT$801.88 Million |
| 2014 | 30.80% | 17.73% | 0.86x | 2.01x | NT$758.24 Million |
| 2015 | 30.17% | 17.00% | 0.88x | 2.02x | NT$758.79 Million |
| 2016 | 25.88% | 13.91% | 0.91x | 2.04x | NT$585.38 Million |
| 2017 | 30.07% | 15.14% | 0.95x | 2.09x | NT$707.66 Million |
| 2018 | 33.76% | 20.50% | 0.85x | 1.95x | NT$963.45 Million |
| 2019 | 41.11% | 20.57% | 0.58x | 3.47x | NT$1.02 Billion |
| 2020 | 19.83% | 12.17% | 0.50x | 3.29x | NT$327.12 Million |
| 2021 | 44.90% | 44.16% | 0.45x | 2.27x | NT$1.69 Billion |
| 2022 | 20.80% | 16.13% | 0.53x | 2.42x | NT$468.83 Million |
| 2023 | 30.86% | 20.92% | 0.64x | 2.32x | NT$956.81 Million |
| 2024 | 29.26% | 21.38% | 0.58x | 2.38x | NT$886.02 Million |
Industry Comparison
This section compares Formosa International Hotels Corp's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $2,719,463,111
- Average return on equity (ROE) among peers: 1.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formosa International Hotels Corp (2707) | NT$3.85 Billion | 16.77% | 1.41x | $319.20 Million |
| Hotel Holiday Garden (2702) | $2.76 Billion | -5.58% | 2.12x | $17.89 Million |
| Ambassador Hotel Ltd (2704) | $8.94 Billion | 3.99% | 0.36x | $189.03 Million |
| Leofoo Development Co Ltd (2705) | $4.83 Billion | -2.03% | 2.24x | $71.93 Million |
| HOYA Resort Hotel Group (2736) | $1.28 Billion | -2.38% | 0.71x | $23.94 Million |
| My Humble House Hospitality Management Consulting Co Ltd (2739) | $1.69 Billion | 19.09% | 0.98x | $31.43 Million |
| FDC International Hotels Corp (2748) | $705.77 Million | 14.97% | 1.88x | $51.81 Million |
| Shihlin Development Company Limited (5324) | $1.77 Billion | -5.78% | 3.69x | $34.54 Million |
| Lealea Hotels & Resorts Co., Ltd. (5364) | $341.25 Million | -9.87% | 1.94x | $8.01 Million |
| Landis Taipei Hotel Co Ltd (5703) | $2.17 Billion | -1.43% | 0.00x | $12.45 Million |