FDC International Hotels Corp (2748) - Net Assets
Based on the latest financial reports, FDC International Hotels Corp (2748) has net assets worth NT$3.04 Billion TWD (≈ $95.73 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$4.99 Billion ≈ $157.11 Million USD) and total liabilities (NT$1.95 Billion ≈ $61.38 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 how tangible is FDC International Hotels Corp's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.04 Billion |
| % of Total Assets | 60.93% |
| Annual Growth Rate | 14.19% |
| 5-Year Change | 75.78% |
| 10-Year Change | 171.05% |
| Growth Volatility | 14.52 |
FDC International Hotels Corp - Net Assets Trend (2014–2025)
This chart illustrates how FDC International Hotels Corp's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of FDC International Hotels Corp to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for FDC International Hotels Corp (2014–2025)
The table below shows the annual net assets of FDC International Hotels Corp from 2014 to 2025. For live valuation and market cap data, see market value of FDC International Hotels Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.04 Billion ≈ $95.73 Million |
+2.89% |
| 2024-12-31 | NT$2.95 Billion ≈ $93.03 Million |
+4.23% |
| 2023-12-31 | NT$2.83 Billion ≈ $89.26 Million |
+40.39% |
| 2022-12-31 | NT$2.02 Billion ≈ $63.58 Million |
+16.75% |
| 2021-12-31 | NT$1.73 Billion ≈ $54.46 Million |
+30.93% |
| 2020-12-31 | NT$1.32 Billion ≈ $41.59 Million |
+3.50% |
| 2019-12-31 | NT$1.28 Billion ≈ $40.18 Million |
+0.27% |
| 2018-12-31 | NT$1.27 Billion ≈ $40.07 Million |
+7.33% |
| 2017-12-31 | NT$1.19 Billion ≈ $37.34 Million |
+5.72% |
| 2016-12-31 | NT$1.12 Billion ≈ $35.32 Million |
+40.63% |
| 2015-12-31 | NT$797.09 Million ≈ $25.11 Million |
+12.94% |
| 2014-12-31 | NT$705.77 Million ≈ $22.24 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to FDC 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 46496100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$464.96 Million | 15.30% |
| Common Stock | NT$1.06 Billion | 34.81% |
| Other Comprehensive Income | NT$972.24 Million | 32.00% |
| Other Components | NT$543.42 Million | 17.89% |
| Total Equity | NT$3.04 Billion | 100.00% |
FDC International Hotels Corp Competitors by Market Cap
The table below lists competitors of FDC International Hotels Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hanpin Electron Co Ltd
TW:2488
|
$134.84 Million |
|
Ramayana Lestari Sentosa Tbk
JK:RALS
|
$134.85 Million |
|
Inclusio Sca
BR:INCLU
|
$134.88 Million |
|
Ya Horng Electronic Co Ltd
TW:6201
|
$134.89 Million |
|
Bohae Brewery
KO:000890
|
$134.80 Million |
|
Banco Alfa de Investimento S.A
SA:BRIV3
|
$134.78 Million |
|
DEFAMA Deutsche Fachmarkt AG
XETRA:DEF
|
$134.68 Million |
|
Varia US Properties Ltd
SW:VARN
|
$134.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FDC International Hotels Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,952,923,000 to 3,038,408,000, a change of 85,485,000 (2.9%).
- Net income of 229,058,000 contributed positively to equity growth.
- Dividend payments of 211,557,000 reduced retained earnings.
- Other comprehensive income increased equity by 101,483,001.
- Other factors decreased equity by 33,499,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$229.06 Million | +7.54% |
| Dividends Paid | NT$211.56 Million | -6.96% |
| Other Comprehensive Income | NT$101.48 Million | +3.34% |
| Other Changes | NT$-33.50 Million | -1.1% |
| Total Change | NT$- | 2.89% |
Book Value vs Market Value Analysis
This analysis compares FDC 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: 1.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.79x to 1.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | NT$8.44 | NT$40.45 | x |
| 2014-12-31 | NT$13.24 | NT$40.45 | x |
| 2015-12-31 | NT$11.21 | NT$40.45 | x |
| 2016-12-31 | NT$15.61 | NT$40.45 | x |
| 2017-12-31 | NT$15.25 | NT$40.45 | x |
| 2018-12-31 | NT$16.36 | NT$40.45 | x |
| 2019-12-31 | NT$14.57 | NT$40.45 | x |
| 2020-12-31 | NT$14.71 | NT$40.45 | x |
| 2021-12-31 | NT$22.66 | NT$40.45 | x |
| 2022-12-31 | NT$19.08 | NT$40.45 | x |
| 2023-12-31 | NT$27.66 | NT$40.45 | x |
| 2024-12-31 | NT$27.92 | NT$40.45 | x |
| 2025-12-31 | NT$28.72 | NT$40.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FDC 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): 7.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.45%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.64x
- Recent ROE (7.54%) is below the historical average (12.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 14.97% | 16.54% | 0.31x | 2.88x | NT$35.09 Million |
| 2015 | 22.75% | 14.90% | 0.63x | 2.43x | NT$101.62 Million |
| 2016 | 17.18% | 14.46% | 0.70x | 1.69x | NT$80.45 Million |
| 2017 | 19.26% | 14.93% | 0.82x | 1.57x | NT$109.72 Million |
| 2018 | 16.62% | 12.38% | 0.60x | 2.25x | NT$84.17 Million |
| 2019 | 14.41% | 7.72% | 0.54x | 3.44x | NT$56.26 Million |
| 2020 | 8.25% | 5.94% | 0.43x | 3.21x | NT$-23.04 Million |
| 2021 | -1.70% | -2.02% | 0.31x | 2.75x | NT$-202.16 Million |
| 2022 | 9.89% | 9.62% | 0.43x | 2.41x | NT$-2.24 Million |
| 2023 | 9.99% | 12.00% | 0.47x | 1.76x | NT$-146.50K |
| 2024 | 11.21% | 13.54% | 0.49x | 1.70x | NT$35.62 Million |
| 2025 | 7.54% | 9.45% | 0.49x | 1.64x | NT$-74.78 Million |
Industry Comparison
This section compares FDC International Hotels Corp's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $2,928,234,625
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FDC International Hotels Corp (2748) | NT$3.04 Billion | 14.97% | 0.64x | $134.80 Million |
| Hotel Holiday Garden (2702) | $1.09 Billion | -0.21% | 3.88x | $64.64 Million |
| Ambassador Hotel Ltd (2704) | $9.12 Billion | 4.50% | 0.32x | $515.58 Million |
| Leofoo Development Co Ltd (2705) | $4.21 Billion | 0.00% | 0.64x | $97.95 Million |
| Formosa International Hotels Corp (2707) | $4.95 Billion | 28.61% | 1.15x | $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) | $1.88 Billion | 6.58% | 7.31x | $105.25 Million |
| Landis Taipei Hotel Co Ltd (5703) | $473.86 Million | 8.19% | 0.99x | $30.98 Million |
| Hotel Royal Chihpen (5704) | $534.10 Million | 17.54% | 0.33x | $26.20 Million |
About FDC International Hotels Corp
FDC International Hotels Corporation operates and manages international tourist hotels in Taiwan. It also engages in catering; real estate management; and investment activities. Its portfolio includes the Fleur de Chine Hotel Sun Moon Lake, Palais de Chine Hotel Taipei, Palais Collection, Gala De Luxe, and Gala de Chine. The company was founded in 2012 and is based in Taipei, Taiwan. FDC Internat… Read more