King’s Town Bank
King's Town Bank Co., Ltd., together with its subsidiaries, provides various banking products and services in Taiwan. It accepts check and other deposits; issues financial bonds; and offers loans, bill discounts, investment, and domestic and foreign exchange services. The company also provides draft acceptance, domestic and foreign letters of credit and guarantees, collection and advances, deposi… Read more
King’s Town Bank (2809) - Net Assets
Latest net assets as of June 2025: NT$57.42 Billion TWD
Based on the latest financial reports, King’s Town Bank (2809) has net assets worth NT$57.42 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$367.61 Billion) and total liabilities (NT$310.19 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$57.42 Billion |
| % of Total Assets | 15.62% |
| Annual Growth Rate | 8.85% |
| 5-Year Change | 17.27% |
| 10-Year Change | 91.97% |
| Growth Volatility | 10.12 |
King’s Town Bank - Net Assets Trend (2005–2024)
This chart illustrates how King’s Town Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for King’s Town Bank (2005–2024)
The table below shows the annual net assets of King’s Town Bank from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$54.63 Billion | +9.00% |
| 2023-12-31 | NT$50.11 Billion | +18.15% |
| 2022-12-31 | NT$42.42 Billion | -13.22% |
| 2021-12-31 | NT$48.88 Billion | +4.93% |
| 2020-12-31 | NT$46.58 Billion | +13.81% |
| 2019-12-31 | NT$40.93 Billion | +16.34% |
| 2018-12-31 | NT$35.18 Billion | -4.81% |
| 2017-12-31 | NT$36.96 Billion | +12.68% |
| 2016-12-31 | NT$32.80 Billion | +15.27% |
| 2015-12-31 | NT$28.46 Billion | +4.82% |
| 2014-12-31 | NT$27.15 Billion | +11.68% |
| 2013-12-31 | NT$24.31 Billion | +20.93% |
| 2012-12-31 | NT$20.10 Billion | +29.29% |
| 2011-12-31 | NT$15.55 Billion | +18.90% |
| 2010-12-31 | NT$13.08 Billion | +17.15% |
| 2009-12-31 | NT$11.16 Billion | +1.09% |
| 2008-12-31 | NT$11.04 Billion | -1.72% |
| 2007-12-31 | NT$11.23 Billion | +2.04% |
| 2006-12-31 | NT$11.01 Billion | +0.97% |
| 2005-12-31 | NT$10.90 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to King’s Town Bank'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 2257819400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$22.58 Billion | 41.33% |
| Other Components | NT$32.05 Billion | 58.67% |
| Total Equity | NT$54.63 Billion | 100.00% |
King’s Town Bank Competitors by Market Cap
The table below lists competitors of King’s Town Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TD Power Systems Limited
NSE:TDPOWERSYS
|
$1.05 Billion |
|
CAPRICOR THERAP. DL-001
F:4LN2
|
$1.05 Billion |
|
Beijing VRV Software Corp Ltd
SHE:300352
|
$1.05 Billion |
|
Hanwha Investment&Securities Co Ltd
KO:003530
|
$1.05 Billion |
|
Qingdao Port International Co. Ltd
PINK:QNDPF
|
$1.04 Billion |
|
E-Mart
KO:139480
|
$1.04 Billion |
|
Genius Electronic Optical Co Ltd
TW:3406
|
$1.04 Billion |
|
Chongqing Zaisheng Tech Corp
SHG:603601
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in King’s Town Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 50,114,566,000 to 54,626,149,000, a change of 4,511,583,000 (9.0%).
- Net income of 5,023,667,000 contributed positively to equity growth.
- Dividend payments of 3,333,703,000 reduced retained earnings.
- Other comprehensive income decreased equity by 17,644,816,000.
- Other factors increased equity by 20,466,435,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.02 Billion | +9.2% |
| Dividends Paid | NT$3.33 Billion | -6.1% |
| Other Comprehensive Income | NT$-17.64 Billion | -32.3% |
| Other Changes | NT$20.47 Billion | +37.47% |
| Total Change | NT$- | 9.00% |
Book Value vs Market Value Analysis
This analysis compares King’s Town Bank'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: 1.15x
- 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 5.58x to 1.15x 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$10.15 | NT$56.60 | x |
| 2007-12-31 | NT$10.36 | NT$56.60 | x |
| 2008-12-31 | NT$10.32 | NT$56.60 | x |
| 2009-12-31 | NT$10.72 | NT$56.60 | x |
| 2010-12-31 | NT$11.74 | NT$56.60 | x |
| 2011-12-31 | NT$12.97 | NT$56.60 | x |
| 2012-12-31 | NT$16.77 | NT$56.60 | x |
| 2013-12-31 | NT$20.24 | NT$56.60 | x |
| 2014-12-31 | NT$22.60 | NT$56.60 | x |
| 2015-12-31 | NT$23.87 | NT$56.60 | x |
| 2016-12-31 | NT$28.64 | NT$56.60 | x |
| 2017-12-31 | NT$32.25 | NT$56.60 | x |
| 2018-12-31 | NT$30.65 | NT$56.60 | x |
| 2019-12-31 | NT$35.97 | NT$56.60 | x |
| 2020-12-31 | NT$41.58 | NT$56.60 | x |
| 2021-12-31 | NT$43.61 | NT$56.60 | x |
| 2022-12-31 | NT$37.97 | NT$56.60 | x |
| 2023-12-31 | NT$45.10 | NT$56.60 | x |
| 2024-12-31 | NT$49.16 | NT$56.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently King’s Town Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 52.87%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 7.19x
- Recent ROE (9.20%) is below the historical average (10.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 1.14% | 4.25% | 0.01x | 17.86x | NT$-975.70 Million |
| 2007 | 3.10% | 10.94% | 0.02x | 15.25x | NT$-775.49 Million |
| 2008 | 0.55% | 2.20% | 0.02x | 13.62x | NT$-1.04 Billion |
| 2009 | 0.23% | 0.85% | 0.02x | 14.51x | NT$-1.09 Billion |
| 2010 | 14.12% | 48.34% | 0.02x | 12.91x | NT$538.75 Million |
| 2011 | 16.65% | 59.04% | 0.02x | 11.34x | NT$1.03 Billion |
| 2012 | 17.13% | 62.91% | 0.03x | 9.66x | NT$1.43 Billion |
| 2013 | 17.04% | 56.85% | 0.03x | 8.80x | NT$1.71 Billion |
| 2014 | 19.14% | 67.27% | 0.03x | 8.67x | NT$2.48 Billion |
| 2015 | 12.94% | 57.69% | 0.03x | 8.35x | NT$837.24 Million |
| 2016 | 14.58% | 60.79% | 0.03x | 7.44x | NT$1.50 Billion |
| 2017 | 15.18% | 60.69% | 0.03x | 7.34x | NT$1.91 Billion |
| 2018 | 8.18% | 39.81% | 0.03x | 7.99x | NT$-640.61 Million |
| 2019 | 8.31% | 39.98% | 0.03x | 6.91x | NT$-693.46 Million |
| 2020 | 11.79% | 60.25% | 0.03x | 6.99x | NT$832.82 Million |
| 2021 | 11.52% | 55.55% | 0.03x | 7.02x | NT$742.20 Million |
| 2022 | 5.21% | 41.85% | 0.01x | 8.96x | NT$-2.03 Billion |
| 2023 | 12.39% | 62.75% | 0.03x | 7.67x | NT$1.20 Billion |
| 2024 | 9.20% | 52.87% | 0.02x | 7.19x | NT$-438.95 Million |
Industry Comparison
This section compares King’s Town Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $48,962,243,667
- Average return on equity (ROE) among peers: 7.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| King’s Town Bank (2809) | NT$57.42 Billion | 1.14% | 5.40x | $1.04 Billion |
| China Man-Made Fiber Corp (1718) | $18.97 Billion | 18.39% | 0.40x | $218.37 Million |
| Chang Hwa Commercial Bank Ltd (2801) | $119.24 Billion | 9.14% | 14.23x | $5.10 Billion |
| Taichung Commercial Bank Co Ltd (2812) | $19.42 Billion | 2.12% | 16.53x | $2.48 Billion |
| Taiwan Business Bank (2834) | $75.82 Billion | 6.65% | 19.89x | $3.23 Billion |
| Bank of Kaohsiung Ltd (2836) | $14.45 Billion | 3.32% | 17.55x | $258.57 Million |
| Union Bank of Taiwan (2838) | $16.54 Billion | 0.42% | 10.20x | $607.02 Million |
| Far Eastern International Bank (2845) | $61.25 Billion | 7.02% | 12.93x | $1.51 Billion |
| EnTie Commercial Bank Ltd (2849) | $25.23 Billion | 10.47% | 12.80x | $152.68 Million |
| Hua Nan Financial Holdings Co Ltd (2880) | $89.75 Billion | 10.18% | 18.06x | $10.28 Billion |