Lion Travel Service Co Ltd
Lion Travel Service Co., Ltd. provides travel services in Taiwan and internationally. It operates through the Travel Department and Others segments. The company offers packaged tour, transportation ticketing, visa application, tour guide, and other travel-related services. It is also involved in the information technology, management consulting, catering, and tour bus transportation activities. I… Read more
Lion Travel Service Co Ltd (2731) - Net Assets
Latest net assets as of September 2025: NT$4.87 Billion TWD
Based on the latest financial reports, Lion Travel Service Co Ltd (2731) has net assets worth NT$4.87 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$12.88 Billion) and total liabilities (NT$8.02 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$4.87 Billion |
| % of Total Assets | 37.77% |
| Annual Growth Rate | 15.31% |
| 5-Year Change | 144.52% |
| 10-Year Change | 89.18% |
| Growth Volatility | 52.03 |
Lion Travel Service Co Ltd - Net Assets Trend (2010–2024)
This chart illustrates how Lion Travel Service Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lion Travel Service Co Ltd (2010–2024)
The table below shows the annual net assets of Lion Travel Service Co Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.19 Billion | +9.71% |
| 2023-12-31 | NT$3.82 Billion | +166.96% |
| 2022-12-31 | NT$1.43 Billion | -12.38% |
| 2021-12-31 | NT$1.63 Billion | -4.71% |
| 2020-12-31 | NT$1.71 Billion | -24.28% |
| 2019-12-31 | NT$2.26 Billion | -0.11% |
| 2018-12-31 | NT$2.27 Billion | -3.40% |
| 2017-12-31 | NT$2.35 Billion | +10.10% |
| 2016-12-31 | NT$2.13 Billion | -3.82% |
| 2015-12-31 | NT$2.22 Billion | +6.16% |
| 2014-12-31 | NT$2.09 Billion | +3.95% |
| 2013-12-31 | NT$2.01 Billion | +83.25% |
| 2012-12-31 | NT$1.10 Billion | +98.27% |
| 2011-12-31 | NT$552.80 Million | -3.16% |
| 2010-12-31 | NT$570.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lion Travel Service 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 675.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.38 Billion | 33.95% |
| Common Stock | NT$932.78 Million | 22.89% |
| Other Comprehensive Income | NT$243.41 Million | 5.97% |
| Other Components | NT$1.51 Billion | 37.18% |
| Total Equity | NT$4.07 Billion | 100.00% |
Lion Travel Service Co Ltd Competitors by Market Cap
The table below lists competitors of Lion Travel Service Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Cheng Yi Pharmaceutical Co Ltd
SHG:603811
|
$321.03 Million |
|
Minerva S.A
SA:BEEF3
|
$321.11 Million |
|
Haverty Furniture Companies Inc
NYSE:HVT-A
|
$321.39 Million |
|
Linkage Software Co Ltd
SHG:688588
|
$321.48 Million |
|
Cosmecca Korea Co. Ltd
KQ:241710
|
$321.00 Million |
|
MayAir Technology (China) Co. Ltd. A
SHG:688376
|
$320.98 Million |
|
Ooma Inc
NYSE:OOMA
|
$320.81 Million |
|
Alvotech SDB
ST:ALVO-SDB
|
$320.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lion Travel Service Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,729,248,000 to 4,074,316,000, a change of 345,068,000 (9.3%).
- Net income of 915,184,000 contributed positively to equity growth.
- Dividend payments of 746,222,000 reduced retained earnings.
- Other comprehensive income increased equity by 346,368,000.
- Other factors decreased equity by 170,262,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$915.18 Million | +22.46% |
| Dividends Paid | NT$746.22 Million | -18.32% |
| Other Comprehensive Income | NT$346.37 Million | +8.5% |
| Other Changes | NT$-170.26 Million | -4.18% |
| Total Change | NT$- | 9.25% |
Book Value vs Market Value Analysis
This analysis compares Lion Travel Service 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: 3.92x
- 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 13.31x to 3.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | NT$12.77 | NT$170.00 | x |
| 2012-12-31 | NT$18.60 | NT$170.00 | x |
| 2013-12-31 | NT$30.85 | NT$170.00 | x |
| 2014-12-31 | NT$29.11 | NT$170.00 | x |
| 2015-12-31 | NT$30.78 | NT$170.00 | x |
| 2016-12-31 | NT$29.07 | NT$170.00 | x |
| 2017-12-31 | NT$31.11 | NT$170.00 | x |
| 2018-12-31 | NT$29.75 | NT$170.00 | x |
| 2019-12-31 | NT$29.22 | NT$170.00 | x |
| 2020-12-31 | NT$21.45 | NT$170.00 | x |
| 2021-12-31 | NT$19.63 | NT$170.00 | x |
| 2022-12-31 | NT$16.11 | NT$170.00 | x |
| 2023-12-31 | NT$40.39 | NT$170.00 | x |
| 2024-12-31 | NT$43.41 | NT$170.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lion Travel Service 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): 22.46%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.23%
- • Asset Turnover: 2.71x
- • Equity Multiplier: 2.57x
- Recent ROE (22.46%) is above the historical average (5.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 16.13% | 0.79% | 5.13x | 3.99x | NT$33.82 Million |
| 2012 | 12.46% | 1.02% | 4.16x | 2.93x | NT$26.98 Million |
| 2013 | 18.58% | 2.35% | 4.00x | 1.98x | NT$171.83 Million |
| 2014 | 18.44% | 2.17% | 3.85x | 2.21x | NT$175.71 Million |
| 2015 | 20.43% | 2.14% | 4.16x | 2.29x | NT$229.83 Million |
| 2016 | 11.94% | 1.13% | 3.97x | 2.65x | NT$40.25 Million |
| 2017 | 20.43% | 1.70% | 4.09x | 2.94x | NT$232.12 Million |
| 2018 | 12.05% | 0.86% | 4.63x | 3.01x | NT$43.54 Million |
| 2019 | 10.52% | 0.73% | 3.43x | 4.22x | NT$10.93 Million |
| 2020 | -27.18% | -6.34% | 1.08x | 3.95x | NT$-567.71 Million |
| 2021 | -33.38% | -27.66% | 0.33x | 3.70x | NT$-633.44 Million |
| 2022 | -57.88% | -22.07% | 0.52x | 5.07x | NT$-854.35 Million |
| 2023 | 37.34% | 6.47% | 2.27x | 2.54x | NT$1.02 Billion |
| 2024 | 22.46% | 3.23% | 2.71x | 2.57x | NT$507.75 Million |
Industry Comparison
This section compares Lion Travel Service Co Ltd's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $361,732,333
- Average return on equity (ROE) among peers: -3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lion Travel Service Co Ltd (2731) | NT$4.87 Billion | 16.13% | 1.65x | $321.02 Million |
| TSG Star Travel Corp. (2719) | $297.01 Million | -35.19% | 0.00x | $9.25 Million |
| Ezfly International Travel Agent Co. Ltd. (2734) | $418.00 Million | 5.71% | 1.78x | $19.49 Million |
| Richmond International Travel & Tours Co Ltd (2743) | $469.99 Million | -11.16% | 0.61x | $75.04 Million |
| Phoenix Tours International Inc (5706) | $330.26 Million | 17.31% | 0.85x | $84.64 Million |
| Li Kang Biomedical Co Ltd (6242) | $508.30 Million | 13.63% | 0.27x | $13.44 Million |
| Uni Travel Services Co., Ltd. (6961) | $146.83 Million | -9.95% | 0.20x | $16.32K |