Lion Travel Service Co Ltd (2731) - Net Assets
Based on the latest financial reports, Lion Travel Service Co Ltd (2731) has net assets worth NT$5.23 Billion TWD (≈ $164.92 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$12.52 Billion ≈ $394.58 Million USD) and total liabilities (NT$7.29 Billion ≈ $229.66 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 Lion Travel Service Co Ltd (2731) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$5.23 Billion |
| % of Total Assets | 41.8% |
| Annual Growth Rate | 15.92% |
| 5-Year Change | 220.34% |
| 10-Year Change | 145.56% |
| Growth Volatility | 50.27 |
Lion Travel Service Co Ltd - Net Assets Trend (2010–2025)
This chart illustrates how Lion Travel Service Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Lion Travel Service Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Lion Travel Service Co Ltd (2010–2025)
The table below shows the annual net assets of Lion Travel Service Co Ltd from 2010 to 2025. For live valuation and market cap data, see Lion Travel Service Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$5.23 Billion ≈ $164.92 Million |
+24.84% |
| 2024-12-31 | NT$4.19 Billion ≈ $132.11 Million |
+9.71% |
| 2023-12-31 | NT$3.82 Billion ≈ $120.42 Million |
+166.96% |
| 2022-12-31 | NT$1.43 Billion ≈ $45.11 Million |
-12.38% |
| 2021-12-31 | NT$1.63 Billion ≈ $51.48 Million |
-4.71% |
| 2020-12-31 | NT$1.71 Billion ≈ $54.03 Million |
-24.28% |
| 2019-12-31 | NT$2.26 Billion ≈ $71.35 Million |
-0.11% |
| 2018-12-31 | NT$2.27 Billion ≈ $71.43 Million |
-3.40% |
| 2017-12-31 | NT$2.35 Billion ≈ $73.94 Million |
+10.10% |
| 2016-12-31 | NT$2.13 Billion ≈ $67.16 Million |
-3.82% |
| 2015-12-31 | NT$2.22 Billion ≈ $69.83 Million |
+6.16% |
| 2014-12-31 | NT$2.09 Billion ≈ $65.78 Million |
+3.95% |
| 2013-12-31 | NT$2.01 Billion ≈ $63.28 Million |
+83.25% |
| 2012-12-31 | NT$1.10 Billion ≈ $34.53 Million |
+98.27% |
| 2011-12-31 | NT$552.80 Million ≈ $17.42 Million |
-3.16% |
| 2010-12-31 | NT$570.83 Million ≈ $17.98 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 1266.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.44 Billion | 49.19% |
| Common Stock | NT$932.78 Million | 18.82% |
| Other Comprehensive Income | NT$115.42 Million | 2.33% |
| Other Components | NT$1.47 Billion | 29.65% |
| Total Equity | NT$4.96 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 |
|---|---|
|
SuZhou ChunXing Precision Mechanical Co Ltd
SHE:002547
|
$468.80 Million |
|
Ability Opto-Electronics Technology Co Ltd
TWO:3362
|
$468.98 Million |
|
Sunplus Technology Co Ltd
TW:2401
|
$469.03 Million |
|
Longxing Chemical Stock Co Ltd
SHE:002442
|
$469.13 Million |
|
Zhejiang Xinchai Co. Ltd.
SHE:301032
|
$468.59 Million |
|
Zhejiang Jindao Technology Co. Ltd.
SHE:301279
|
$468.55 Million |
|
CanSino Biologics Inc
F:CJH
|
$468.42 Million |
|
The Anup Engineering Limited
NSE:ANUP
|
$468.34 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 2024 to 2025, total equity changed from 4,074,316,000 to 4,955,258,000, a change of 880,942,000 (21.6%).
- Net income of 1,631,541,000 contributed positively to equity growth.
- Dividend payments of 699,583,000 reduced retained earnings.
- Other comprehensive income decreased equity by 127,985,000.
- Other factors increased equity by 76,969,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.63 Billion | +32.93% |
| Dividends Paid | NT$699.58 Million | -14.12% |
| Other Comprehensive Income | NT$-127.98 Million | -2.58% |
| Other Changes | NT$76.97 Million | +1.55% |
| Total Change | NT$- | 21.62% |
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: 3.05x
- 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 12.49x to 3.05x 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$159.50 | x |
| 2012-12-31 | NT$18.60 | NT$159.50 | x |
| 2013-12-31 | NT$30.85 | NT$159.50 | x |
| 2014-12-31 | NT$29.11 | NT$159.50 | x |
| 2015-12-31 | NT$30.78 | NT$159.50 | x |
| 2016-12-31 | NT$29.07 | NT$159.50 | x |
| 2017-12-31 | NT$31.11 | NT$159.50 | x |
| 2018-12-31 | NT$29.75 | NT$159.50 | x |
| 2019-12-31 | NT$29.22 | NT$159.50 | x |
| 2020-12-31 | NT$21.45 | NT$159.50 | x |
| 2021-12-31 | NT$19.63 | NT$159.50 | x |
| 2022-12-31 | NT$16.11 | NT$159.50 | x |
| 2023-12-31 | NT$40.39 | NT$159.50 | x |
| 2024-12-31 | NT$43.41 | NT$159.50 | x |
| 2025-12-31 | NT$52.36 | NT$159.50 | 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): 32.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.43%
- • Asset Turnover: 2.40x
- • Equity Multiplier: 2.53x
- Recent ROE (32.93%) is above the historical average (7.69%), 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 |
| 2025 | 32.93% | 5.43% | 2.40x | 2.53x | NT$1.14 Billion |
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: $562,341,667
- Average return on equity (ROE) among peers: 10.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lion Travel Service Co Ltd (2731) | NT$5.23 Billion | 16.13% | 1.39x | $468.73 Million |
| Richmond International Travel & Tours Co Ltd (2743) | $533.28 Million | 10.78% | 1.83x | $103.10 Million |
| Phoenix Tours International Inc (5706) | $1.07 Billion | 20.03% | 0.53x | $137.50 Million |
| Li Kang Biomedical Co Ltd (6242) | $85.12 Million | 0.00% | 0.73x | $37.98 Million |
About 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