Sunty Development Co Ltd (3266) - Net Assets
Based on the latest financial reports, Sunty Development Co Ltd (3266) has net assets worth NT$6.44 Billion TWD (≈ $202.88 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$13.88 Billion ≈ $437.37 Million USD) and total liabilities (NT$7.44 Billion ≈ $234.49 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 3266 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.44 Billion |
| % of Total Assets | 46.39% |
| Annual Growth Rate | 17.55% |
| 5-Year Change | 12.9% |
| 10-Year Change | 12.25% |
| Growth Volatility | 63.8 |
Sunty Development Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Sunty Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See Sunty Development Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sunty Development Co Ltd (2006–2025)
The table below shows the annual net assets of Sunty Development Co Ltd from 2006 to 2025. For live valuation and market cap data, see Sunty Development Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$6.39 Billion ≈ $201.46 Million |
-0.87% |
| 2024-12-31 | NT$6.45 Billion ≈ $203.24 Million |
+6.89% |
| 2023-12-31 | NT$6.03 Billion ≈ $190.13 Million |
+3.39% |
| 2022-12-31 | NT$5.84 Billion ≈ $183.90 Million |
+3.06% |
| 2021-12-31 | NT$5.66 Billion ≈ $178.44 Million |
+0.56% |
| 2020-12-31 | NT$5.63 Billion ≈ $177.45 Million |
-0.73% |
| 2019-12-31 | NT$5.67 Billion ≈ $178.75 Million |
+0.06% |
| 2018-12-31 | NT$5.67 Billion ≈ $178.64 Million |
+0.32% |
| 2017-12-31 | NT$5.65 Billion ≈ $178.07 Million |
-0.78% |
| 2016-12-31 | NT$5.70 Billion ≈ $179.47 Million |
-3.46% |
| 2015-12-31 | NT$5.90 Billion ≈ $185.91 Million |
-15.85% |
| 2014-12-31 | NT$7.01 Billion ≈ $220.93 Million |
+50.81% |
| 2013-12-31 | NT$4.65 Billion ≈ $146.50 Million |
+181.89% |
| 2012-12-31 | NT$1.65 Billion ≈ $51.97 Million |
+44.52% |
| 2011-12-31 | NT$1.14 Billion ≈ $35.96 Million |
+5.37% |
| 2010-12-31 | NT$1.08 Billion ≈ $34.13 Million |
+10.04% |
| 2009-12-31 | NT$984.45 Million ≈ $31.02 Million |
+0.29% |
| 2008-12-31 | NT$981.64 Million ≈ $30.93 Million |
+0.19% |
| 2007-12-31 | NT$979.81 Million ≈ $30.87 Million |
+230.81% |
| 2006-12-31 | NT$296.19 Million ≈ $9.33 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 5504.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.08 Billion | 32.71% |
| Common Stock | NT$3.52 Billion | 55.44% |
| Other Comprehensive Income | NT$2.98 Million | 0.05% |
| Other Components | NT$750.00 Million | 11.80% |
| Total Equity | NT$6.35 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 |
|---|---|
|
cBrain A/S
CO:CBRAIN
|
$152.12 Million |
|
GeoVision Inc
TW:3356
|
$152.12 Million |
|
Thong Guan Industries Bhd
KLSE:7034
|
$152.15 Million |
|
6K Additive Inc
AU:6KA
|
$152.23 Million |
|
Jeld-Wen Holding Inc
NYSE:JELD
|
$152.06 Million |
|
Thor Medical ASA
OL:TRMED
|
$151.89 Million |
|
Garda Property Group
AU:GDF
|
$151.87 Million |
|
Enea AB
ST:ENEA
|
$151.77 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 2024 to 2025, total equity changed from 6,415,266,000 to 6,354,745,000, a change of -60,521,000 (-0.9%).
- Net income of 203,437,000 contributed positively to equity growth.
- Dividend payments of 264,236,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,344,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$203.44 Million | +3.2% |
| Dividends Paid | NT$264.24 Million | -4.16% |
| Other Comprehensive Income | NT$2.34 Million | +0.04% |
| Other Changes | NT$-2.07 Million | -0.03% |
| Total Change | NT$- | -0.94% |
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: 0.78x
- 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 1.15x to 0.78x 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$13.70 | x |
| 2007-12-31 | NT$32.28 | NT$13.70 | x |
| 2008-12-31 | NT$10.95 | NT$13.70 | x |
| 2009-12-31 | NT$10.98 | NT$13.70 | x |
| 2010-12-31 | NT$12.06 | NT$13.70 | x |
| 2011-12-31 | NT$12.73 | NT$13.70 | x |
| 2012-12-31 | NT$7.48 | NT$13.70 | x |
| 2013-12-31 | NT$15.99 | NT$13.70 | x |
| 2014-12-31 | NT$16.70 | NT$13.70 | x |
| 2015-12-31 | NT$14.37 | NT$13.70 | x |
| 2016-12-31 | NT$14.26 | NT$13.70 | x |
| 2017-12-31 | NT$14.40 | NT$13.70 | x |
| 2018-12-31 | NT$14.64 | NT$13.70 | x |
| 2019-12-31 | NT$14.67 | NT$13.70 | x |
| 2020-12-31 | NT$14.58 | NT$13.70 | x |
| 2021-12-31 | NT$14.84 | NT$13.70 | x |
| 2022-12-31 | NT$15.42 | NT$13.70 | x |
| 2023-12-31 | NT$16.97 | NT$13.70 | x |
| 2024-12-31 | NT$18.13 | NT$13.70 | x |
| 2025-12-31 | NT$17.65 | NT$13.70 | 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): 3.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.19%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 2.09x
- Recent ROE (3.20%) is below the historical average (6.37%), 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 | 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$37.98 Million |
| 2025 | 3.20% | 14.19% | 0.11x | 2.09x | NT$-432.04 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: $2,800,548,200
- Average return on equity (ROE) among peers: -385.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunty Development Co Ltd (3266) | NT$6.44 Billion | 11.89% | 1.16x | $152.07 Million |
| Sun Yad Construction Co Ltd (1316) | $798.51 Million | 0.00% | 0.75x | $122.69 Million |
| GTM Holdings Corp (1437) | $7.11 Billion | 5.73% | 0.77x | $187.94 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.18 Billion | 3.27% | 2.96x | $45.77 Million |
| Hiyes International Co Ltd (2348) | $17.58 Million | -3932.38% | 2.84x | $367.14 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.17 Billion | 11.59% | 0.97x | $102.94 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $3.86 Billion | 2.37% | 0.90x | $328.22 Million |
| Crowell Development Corp (2528) | $5.29 Billion | 4.56% | 3.05x | $307.69 Million |
| JSL Construction & Development Co Ltd (2540) | $104.09 Million | 44.57% | 4.44x | $1.64 Billion |
| Wanhwa Enterprise Co (2701) | $3.25 Billion | 4.23% | 0.32x | $149.56 Million |
| First Hotel Co Ltd (2706) | $3.23 Billion | 5.10% | 0.31x | $196.91 Million |
About Sunty Development Co Ltd
Sunty Development Co., LTD is involved in residential and commercial building projects in Greater Taipei, Taiwan. The company operates through the 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.