Sunty Development Co Ltd
Sunty Development Co., LTD engages in the residential and commercial building projects in Greater Taipei, Taiwan. The company operates through Real Estate Sales Department and Engineering Contracting Department segments. It undertakes residential units, office space, and parking facility projects. The company was founded in 1987 and is based in Taipei, Taiwan.
Sunty Development Co Ltd (3266) - Net Assets
Latest net assets as of September 2025: NT$6.27 Billion TWD
Based on the latest financial reports, Sunty Development Co Ltd (3266) has net assets worth NT$6.27 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$12.99 Billion) and total liabilities (NT$6.72 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$6.27 Billion |
| % of Total Assets | 48.26% |
| Annual Growth Rate | 18.67% |
| 5-Year Change | 14.53% |
| 10-Year Change | 9.32% |
| Growth Volatility | 65.2 |
Sunty Development Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Sunty Development 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 Sunty Development Co Ltd (2006–2024)
The table below shows the annual net assets of Sunty Development Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.45 Billion | +6.89% |
| 2023-12-31 | NT$6.03 Billion | +3.39% |
| 2022-12-31 | NT$5.84 Billion | +3.06% |
| 2021-12-31 | NT$5.66 Billion | +0.56% |
| 2020-12-31 | NT$5.63 Billion | -0.73% |
| 2019-12-31 | NT$5.67 Billion | +0.06% |
| 2018-12-31 | NT$5.67 Billion | +0.32% |
| 2017-12-31 | NT$5.65 Billion | -0.78% |
| 2016-12-31 | NT$5.70 Billion | -3.46% |
| 2015-12-31 | NT$5.90 Billion | -15.85% |
| 2014-12-31 | NT$7.01 Billion | +50.81% |
| 2013-12-31 | NT$4.65 Billion | +181.89% |
| 2012-12-31 | NT$1.65 Billion | +44.52% |
| 2011-12-31 | NT$1.14 Billion | +5.37% |
| 2010-12-31 | NT$1.08 Billion | +10.04% |
| 2009-12-31 | NT$984.45 Million | +0.29% |
| 2008-12-31 | NT$981.64 Million | +0.19% |
| 2007-12-31 | NT$979.81 Million | +230.81% |
| 2006-12-31 | NT$296.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sunty Development 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 5531.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.09 Billion | 32.56% |
| Common Stock | NT$3.52 Billion | 54.92% |
| Other Comprehensive Income | NT$639.00K | 0.01% |
| Other Components | NT$802.67 Million | 12.51% |
| Total Equity | NT$6.42 Billion | 100.00% |
Sunty Development Co Ltd Competitors by Market Cap
The table below lists competitors of Sunty Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
African Rainbow Capital Investments Ltd
JSE:AIL
|
$33.34 Million |
|
Petrolimex Gas Corp JSC
VN:PGC
|
$33.35 Million |
|
Blue Lagoon Resources Inc
OTCQB:BLAGF
|
$33.35 Million |
|
PT Hexindo Adiperkasa Tbk
F:HX1A
|
$33.35 Million |
|
Swelect Energy Systems Limited
NSE:SWELECTES
|
$33.33 Million |
|
Scottie Resources Corp
OTCQB:SCTSF
|
$33.31 Million |
|
Coreline Soft, Co., Ltd.
KQ:384470
|
$33.29 Million |
|
IMMUCELL CORP. DL-10
F:IUL
|
$33.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunty Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,997,525,000 to 6,415,266,000, a change of 417,741,000 (7.0%).
- Net income of 679,506,000 contributed positively to equity growth.
- Dividend payments of 264,236,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,092,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$679.51 Million | +10.59% |
| Dividends Paid | NT$264.24 Million | -4.12% |
| Other Comprehensive Income | NT$-2.09 Million | -0.03% |
| Other Changes | NT$4.56 Million | +0.07% |
| Total Change | NT$- | 6.97% |
Book Value vs Market Value Analysis
This analysis compares Sunty Development 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: 0.73x
- 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 1.11x to 0.73x 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$11.86 | NT$13.20 | x |
| 2007-12-31 | NT$32.28 | NT$13.20 | x |
| 2008-12-31 | NT$10.95 | NT$13.20 | x |
| 2009-12-31 | NT$10.98 | NT$13.20 | x |
| 2010-12-31 | NT$12.06 | NT$13.20 | x |
| 2011-12-31 | NT$12.73 | NT$13.20 | x |
| 2012-12-31 | NT$7.48 | NT$13.20 | x |
| 2013-12-31 | NT$15.99 | NT$13.20 | x |
| 2014-12-31 | NT$16.70 | NT$13.20 | x |
| 2015-12-31 | NT$14.37 | NT$13.20 | x |
| 2016-12-31 | NT$14.26 | NT$13.20 | x |
| 2017-12-31 | NT$14.40 | NT$13.20 | x |
| 2018-12-31 | NT$14.64 | NT$13.20 | x |
| 2019-12-31 | NT$14.67 | NT$13.20 | x |
| 2020-12-31 | NT$14.58 | NT$13.20 | x |
| 2021-12-31 | NT$14.84 | NT$13.20 | x |
| 2022-12-31 | NT$15.42 | NT$13.20 | x |
| 2023-12-31 | NT$16.97 | NT$13.20 | x |
| 2024-12-31 | NT$18.13 | NT$13.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunty Development 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): 10.59%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.52%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.96x
- Recent ROE (10.59%) is above the historical average (6.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 11.89% | 8.39% | 1.15x | 1.24x | NT$5.61 Million |
| 2007 | 0.01% | 0.04% | 0.36x | 1.07x | NT$-97.85 Million |
| 2008 | 0.19% | 0.56% | 0.29x | 1.16x | NT$-96.34 Million |
| 2009 | 0.29% | 1.17% | 0.23x | 1.07x | NT$-95.63 Million |
| 2010 | 9.12% | 18.60% | 0.26x | 1.91x | NT$-9.50 Million |
| 2011 | 10.92% | 11.69% | 0.59x | 1.60x | NT$10.51 Million |
| 2012 | 3.23% | 11.43% | 0.22x | 1.30x | NT$-111.63 Million |
| 2013 | 37.79% | 26.11% | 0.74x | 1.95x | NT$1.27 Billion |
| 2014 | 24.02% | 27.41% | 0.51x | 1.73x | NT$826.87 Million |
| 2015 | -9.12% | -24.51% | 0.18x | 2.05x | NT$-968.39 Million |
| 2016 | 0.82% | 2.77% | 0.16x | 1.87x | NT$-461.44 Million |
| 2017 | 0.52% | 1.81% | 0.15x | 1.92x | NT$-480.97 Million |
| 2018 | 2.06% | 3.90% | 0.26x | 2.02x | NT$-409.70 Million |
| 2019 | 4.06% | 10.66% | 0.18x | 2.15x | NT$-307.62 Million |
| 2020 | 2.75% | 4.39% | 0.28x | 2.20x | NT$-373.07 Million |
| 2021 | 0.79% | 4.05% | 0.08x | 2.57x | NT$-482.24 Million |
| 2022 | 2.90% | 5.44% | 0.20x | 2.62x | NT$-386.31 Million |
| 2023 | 11.40% | 16.12% | 0.32x | 2.19x | NT$83.97 Million |
| 2024 | 10.59% | 14.52% | 0.37x | 1.96x | NT$37.98 Million |
Industry Comparison
This section compares Sunty Development Co Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $3,679,879,000
- Average return on equity (ROE) among peers: 5.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunty Development Co Ltd (3266) | NT$6.27 Billion | 11.89% | 1.07x | $33.34 Million |
| Sun Yad Construction Co Ltd (1316) | $2.61 Billion | -3.93% | 1.72x | $118.24 Million |
| GTM Holdings Corp (1437) | $5.06 Billion | 8.52% | 0.86x | $109.18 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.29 Billion | 5.28% | 4.21x | $7.40 Million |
| Hiyes International Co Ltd (2348) | $1.11 Billion | 8.17% | 0.85x | $117.34 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.67 Billion | 10.73% | 0.91x | $52.37 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $7.39 Billion | 0.87% | 1.55x | $137.37 Million |
| Crowell Development Corp (2528) | $307.29 Million | 0.00% | 4.72x | $196.03 Million |
| JSL Construction & Development Co Ltd (2540) | $4.04 Billion | 6.45% | 1.48x | $370.33 Million |
| Wanhwa Enterprise Co (2701) | $3.23 Billion | 11.73% | 0.32x | $33.60 Million |
| First Hotel Co Ltd (2706) | $8.10 Billion | 6.19% | 0.15x | $50.43 Million |