Shin Kong Financial Holding Co Ltd
Shin Kong Financial Holding Co., Ltd., together with its subsidiaries, provides a range of financial products and services in Taipei and internationally. The company operates through Insurance, Securities, Banking, and Others segments. It provides life insurance products, including individual and group life, accident, property and casualty, and health insurance; commercial banking services, such … Read more
Shin Kong Financial Holding Co Ltd (2888) - Net Assets
Latest net assets as of March 2025: NT$258.28 Billion TWD
Based on the latest financial reports, Shin Kong Financial Holding Co Ltd (2888) has net assets worth NT$258.28 Billion TWD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.19 Trillion) and total liabilities (NT$4.93 Trillion). 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$258.28 Billion |
| % of Total Assets | 4.98% |
| Annual Growth Rate | 13.28% |
| 5-Year Change | -93.37% |
| 10-Year Change | 130.59% |
| Growth Volatility | 542.26 |
Shin Kong Financial Holding Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Shin Kong Financial Holding 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 Shin Kong Financial Holding Co Ltd (2002–2024)
The table below shows the annual net assets of Shin Kong Financial Holding Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$283.93 Billion | +15.38% |
| 2023-12-31 | NT$246.08 Billion | +16.00% |
| 2022-12-31 | NT$212.13 Billion | -95.40% |
| 2021-12-31 | NT$4.61 Trillion | +7.71% |
| 2020-12-31 | NT$4.28 Trillion | +9.24% |
| 2019-12-31 | NT$3.92 Trillion | +2609.36% |
| 2018-12-31 | NT$144.62 Billion | -7.28% |
| 2017-12-31 | NT$155.97 Billion | +15.05% |
| 2016-12-31 | NT$135.57 Billion | +10.10% |
| 2015-12-31 | NT$123.13 Billion | -1.87% |
| 2014-12-31 | NT$125.47 Billion | +9.30% |
| 2013-12-31 | NT$114.80 Billion | +23.16% |
| 2012-12-31 | NT$93.22 Billion | +13.11% |
| 2011-12-31 | NT$82.41 Billion | -19.13% |
| 2010-12-31 | NT$101.91 Billion | +9.96% |
| 2009-12-31 | NT$92.68 Billion | +64.92% |
| 2008-12-31 | NT$56.19 Billion | -43.87% |
| 2007-12-31 | NT$100.11 Billion | +10.20% |
| 2006-12-31 | NT$90.85 Billion | +33.01% |
| 2005-12-31 | NT$68.30 Billion | +46.79% |
| 2004-12-31 | NT$46.53 Billion | +73.99% |
| 2003-12-31 | NT$26.74 Billion | +46.43% |
| 2002-12-31 | NT$18.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shin Kong Financial Holding 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 1881104300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$18.81 Billion | 6.64% |
| Other Components | NT$264.69 Billion | 93.36% |
| Total Equity | NT$283.50 Billion | 100.00% |
Shin Kong Financial Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Shin Kong Financial Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CG Power and Industrial Solutions Limited
NSE:CGPOWER
|
$5.60 Billion |
|
VAXCYTE INC. DL -001
F:5VA
|
$5.60 Billion |
|
Shenzhen Techwinsemi Technology Co. Ltd.
SHE:001309
|
$5.61 Billion |
|
Scout24 AG
PINK:SCOTF
|
$5.61 Billion |
|
LG Chem Ltd
KO:051915
|
$5.59 Billion |
|
Infratil Limited
PINK:IFUUF
|
$5.58 Billion |
|
ARCA CONTINENT.SAB DE CV
F:AJZ
|
$5.57 Billion |
|
Pro Medicus Limited
PINK:PMCUF
|
$5.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shin Kong Financial Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 245,647,325,000 to 283,502,919,000, a change of 37,855,594,000 (15.4%).
- Net income of 20,385,602,000 contributed positively to equity growth.
- Share repurchases of 307,603,000 reduced equity.
- New share issuances of 13,835,706,000 increased equity.
- Other comprehensive income increased equity by 19,623,795,000.
- Other factors decreased equity by 15,681,906,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$20.39 Billion | +7.19% |
| Share Repurchases | NT$307.60 Million | -0.11% |
| Share Issuances | NT$13.84 Billion | +4.88% |
| Other Comprehensive Income | NT$19.62 Billion | +6.92% |
| Other Changes | NT$-15.68 Billion | -5.53% |
| Total Change | NT$- | 15.41% |
Book Value vs Market Value Analysis
This analysis compares Shin Kong Financial Holding 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: 0.74x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.86x to 0.74x 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$13.67 | NT$11.80 | x |
| 2007-12-31 | NT$12.57 | NT$11.80 | x |
| 2008-12-31 | NT$6.90 | NT$11.80 | x |
| 2009-12-31 | NT$9.99 | NT$11.80 | x |
| 2010-12-31 | NT$9.57 | NT$11.80 | x |
| 2011-12-31 | NT$7.13 | NT$11.80 | x |
| 2012-12-31 | NT$7.88 | NT$11.80 | x |
| 2013-12-31 | NT$9.46 | NT$11.80 | x |
| 2014-12-31 | NT$9.86 | NT$11.80 | x |
| 2015-12-31 | NT$9.48 | NT$11.80 | x |
| 2016-12-31 | NT$10.74 | NT$11.80 | x |
| 2017-12-31 | NT$12.62 | NT$11.80 | x |
| 2018-12-31 | NT$12.41 | NT$11.80 | x |
| 2019-12-31 | NT$14.90 | NT$11.80 | x |
| 2020-12-31 | NT$17.72 | NT$11.80 | x |
| 2021-12-31 | NT$18.67 | NT$11.80 | x |
| 2022-12-31 | NT$14.03 | NT$11.80 | x |
| 2023-12-31 | NT$15.86 | NT$11.80 | x |
| 2024-12-31 | NT$16.01 | NT$11.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shin Kong Financial Holding 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): 7.19%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 49.89%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 18.15x
- Recent ROE (7.19%) is above the historical average (4.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 19.62% | 3.20% | 0.23x | 26.95x | NT$2.57 Billion |
| 2004 | 14.44% | 3.30% | 0.21x | 21.11x | NT$1.96 Billion |
| 2005 | 10.72% | 3.30% | 0.16x | 20.23x | NT$474.55 Million |
| 2006 | 5.65% | 3.26% | 0.10x | 16.89x | NT$-3.84 Billion |
| 2007 | 5.97% | 4.39% | 0.07x | 20.12x | NT$-3.38 Billion |
| 2008 | -47.27% | -24.33% | 0.05x | 40.09x | NT$-25.47 Billion |
| 2009 | 1.43% | 0.77% | 0.08x | 24.23x | NT$-6.79 Billion |
| 2010 | 2.91% | 1.04% | 0.12x | 23.65x | NT$-6.18 Billion |
| 2011 | 7.90% | 9.86% | 0.03x | 30.72x | NT$-1.46 Billion |
| 2012 | 12.27% | 7.32% | 0.06x | 28.88x | NT$1.82 Billion |
| 2013 | 9.89% | 6.76% | 0.06x | 25.11x | NT$-108.44 Million |
| 2014 | 6.22% | 3.76% | 0.07x | 25.24x | NT$-4.19 Billion |
| 2015 | 5.34% | 2.84% | 0.07x | 27.35x | NT$-5.05 Billion |
| 2016 | 3.96% | 2.06% | 0.07x | 26.01x | NT$-7.33 Billion |
| 2017 | 7.45% | 4.43% | 0.07x | 23.95x | NT$-3.60 Billion |
| 2018 | 6.76% | 3.86% | 0.07x | 25.30x | NT$-4.67 Billion |
| 2019 | 8.50% | 5.98% | 0.07x | 20.43x | NT$-2.93 Billion |
| 2020 | 5.96% | 5.36% | 0.06x | 18.07x | NT$-9.73 Billion |
| 2021 | 8.61% | 10.41% | 0.05x | 17.82x | NT$-3.64 Billion |
| 2022 | 0.99% | 1.95% | 0.02x | 22.91x | NT$-19.09 Billion |
| 2023 | -3.02% | -29.47% | 0.01x | 20.17x | NT$-31.97 Billion |
| 2024 | 7.19% | 49.89% | 0.01x | 18.15x | NT$-7.96 Billion |
Industry Comparison
This section compares Shin Kong Financial Holding Co Ltd's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $151,719,957,667
- Average return on equity (ROE) among peers: 4.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shin Kong Financial Holding Co Ltd (2888) | NT$258.28 Billion | 19.62% | 19.08x | $5.59 Billion |
| Mercuries Life Insurance Co Ltd (2867) | $7.03 Billion | 0.00% | 40.99x | $726.04 Million |
| Fubon Financial Holding Co Ltd (2881) | $101.63 Billion | 0.00% | 3.55x | $20.58 Billion |
| Cathay Financial Holding Co Ltd Pref A (2882A) | $529.29 Billion | 9.72% | 16.43x | $15.23 Billion |
| China Development Financial Holding Corp (2883) | $208.79 Billion | 7.84% | 15.94x | $8.13 Billion |
| Mercuries & Associates Holding Ltd (2905) | $47.23 Billion | 4.00% | 29.22x | $134.53 Million |
| Farglory Life Insurance Co. Ltd. (5859) | $16.36 Billion | 3.92% | 25.70x | $223.91 Million |