Sweeten Real Estate Development Co Ltd
Sweeten Real Estate Development Co.,Ltd. constructs, develops, leases, and sells residential, commercial, and industrial area. It is also involved in the development, rental, and sale of office building, specific professional zones, and urban renewal; trading of construction materials; rental of hotel; and civil construction and land development activities. The company was incorporated in 1987 an… Read more
Sweeten Real Estate Development Co Ltd (5525) - Net Assets
Latest net assets as of September 2025: NT$5.09 Billion TWD
Based on the latest financial reports, Sweeten Real Estate Development Co Ltd (5525) has net assets worth NT$5.09 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$20.12 Billion) and total liabilities (NT$15.03 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$5.09 Billion |
| % of Total Assets | 25.28% |
| Annual Growth Rate | 6.95% |
| 5-Year Change | 18.93% |
| 10-Year Change | 21.94% |
| Growth Volatility | 8.51 |
Sweeten Real Estate Development Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Sweeten Real Estate 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 Sweeten Real Estate Development Co Ltd (2002–2024)
The table below shows the annual net assets of Sweeten Real Estate Development Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.40 Billion | +5.19% |
| 2023-12-31 | NT$5.13 Billion | +5.37% |
| 2022-12-31 | NT$4.87 Billion | +11.82% |
| 2021-12-31 | NT$4.35 Billion | -4.04% |
| 2020-12-31 | NT$4.54 Billion | -1.60% |
| 2019-12-31 | NT$4.61 Billion | -0.43% |
| 2018-12-31 | NT$4.63 Billion | +14.89% |
| 2017-12-31 | NT$4.03 Billion | -2.13% |
| 2016-12-31 | NT$4.12 Billion | -6.94% |
| 2015-12-31 | NT$4.43 Billion | +12.33% |
| 2014-12-31 | NT$3.94 Billion | +5.16% |
| 2013-12-31 | NT$3.75 Billion | +6.13% |
| 2012-12-31 | NT$3.53 Billion | +9.50% |
| 2011-12-31 | NT$3.22 Billion | -1.39% |
| 2010-12-31 | NT$3.27 Billion | +8.42% |
| 2009-12-31 | NT$3.02 Billion | +7.64% |
| 2008-12-31 | NT$2.80 Billion | +13.12% |
| 2007-12-31 | NT$2.48 Billion | +11.53% |
| 2006-12-31 | NT$2.22 Billion | +14.67% |
| 2005-12-31 | NT$1.94 Billion | +12.92% |
| 2004-12-31 | NT$1.71 Billion | +33.54% |
| 2003-12-31 | NT$1.28 Billion | +4.41% |
| 2002-12-31 | NT$1.23 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sweeten Real Estate 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 832.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.20 Billion | 22.39% |
| Common Stock | NT$2.97 Billion | 55.29% |
| Other Components | NT$1.20 Billion | 22.32% |
| Total Equity | NT$5.38 Billion | 100.00% |
Sweeten Real Estate Development Co Ltd Competitors by Market Cap
The table below lists competitors of Sweeten Real Estate Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Unifiedpost Group SA
BR:UPG
|
$99.48 Million |
|
FLINT Corp.
TO:FLNT
|
$99.53 Million |
|
BaoMinh Insurance Corp
VN:BMI
|
$99.53 Million |
|
Midnight Sun Mining Corp
PINK:MDNGF
|
$99.54 Million |
|
Grupo Sports World S.A.B. de C.V
MX:SPORTS
|
$99.42 Million |
|
Macrogen Inc
KQ:038290
|
$99.40 Million |
|
SensorView Co Ltd
KQ:321370
|
$99.36 Million |
|
DIC Asset AG
PINK:DDCCF
|
$99.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sweeten Real Estate Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,108,112,000 to 5,376,705,000, a change of 268,593,000 (5.3%).
- Net income of 592,393,000 contributed positively to equity growth.
- Dividend payments of 325,114,000 reduced retained earnings.
- Other comprehensive income decreased equity by 825,571,000.
- Other factors increased equity by 826,885,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$592.39 Million | +11.02% |
| Dividends Paid | NT$325.11 Million | -6.05% |
| Other Comprehensive Income | NT$-825.57 Million | -15.35% |
| Other Changes | NT$826.88 Million | +15.38% |
| Total Change | NT$- | 5.26% |
Book Value vs Market Value Analysis
This analysis compares Sweeten Real Estate 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: 1.40x
- 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 2.25x to 1.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$10.90 | NT$24.55 | x |
| 2010-12-31 | NT$11.24 | NT$24.55 | x |
| 2011-12-31 | NT$11.10 | NT$24.55 | x |
| 2012-12-31 | NT$11.48 | NT$24.55 | x |
| 2013-12-31 | NT$12.19 | NT$24.55 | x |
| 2014-12-31 | NT$12.82 | NT$24.55 | x |
| 2015-12-31 | NT$13.80 | NT$24.55 | x |
| 2016-12-31 | NT$12.80 | NT$24.55 | x |
| 2017-12-31 | NT$12.52 | NT$24.55 | x |
| 2018-12-31 | NT$14.80 | NT$24.55 | x |
| 2019-12-31 | NT$14.74 | NT$24.55 | x |
| 2020-12-31 | NT$14.50 | NT$24.55 | x |
| 2021-12-31 | NT$13.92 | NT$24.55 | x |
| 2022-12-31 | NT$15.66 | NT$24.55 | x |
| 2023-12-31 | NT$16.62 | NT$24.55 | x |
| 2024-12-31 | NT$17.50 | NT$24.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sweeten Real Estate Development Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.12%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 3.22x
- Recent ROE (11.02%) is below the historical average (11.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 7.36% | 8.75% | 0.63x | 1.33x | NT$-32.52 Million |
| 2003 | 8.86% | 7.14% | 0.83x | 1.49x | NT$-14.64 Million |
| 2004 | 26.62% | 19.03% | 0.90x | 1.56x | NT$284.89 Million |
| 2005 | 22.95% | 15.65% | 0.93x | 1.57x | NT$250.71 Million |
| 2006 | 21.29% | 16.17% | 0.63x | 2.07x | NT$250.55 Million |
| 2007 | 18.83% | 20.18% | 0.49x | 1.91x | NT$218.72 Million |
| 2008 | 11.60% | 16.10% | 0.33x | 2.15x | NT$44.81 Million |
| 2009 | 8.88% | 15.63% | 0.23x | 2.45x | NT$-33.84 Million |
| 2010 | 10.86% | 14.62% | 0.27x | 2.75x | NT$27.95 Million |
| 2011 | 2.65% | 6.67% | 0.15x | 2.61x | NT$-236.75 Million |
| 2012 | 11.24% | 14.57% | 0.32x | 2.42x | NT$43.88 Million |
| 2013 | 16.57% | 21.09% | 0.35x | 2.27x | NT$246.08 Million |
| 2014 | 14.83% | 14.45% | 0.39x | 2.63x | NT$190.31 Million |
| 2015 | 13.88% | 15.69% | 0.39x | 2.27x | NT$164.63 Million |
| 2016 | 1.52% | 6.01% | 0.10x | 2.42x | NT$-333.59 Million |
| 2017 | 7.26% | 18.87% | 0.14x | 2.76x | NT$-105.35 Million |
| 2018 | 20.41% | 22.17% | 0.41x | 2.25x | NT$473.48 Million |
| 2019 | 8.67% | 15.17% | 0.21x | 2.70x | NT$-60.15 Million |
| 2020 | 1.00% | 4.44% | 0.06x | 3.64x | NT$-401.11 Million |
| 2021 | -1.32% | -7.28% | 0.04x | 4.45x | NT$-484.47 Million |
| 2022 | 12.67% | 11.28% | 0.32x | 3.54x | NT$128.47 Million |
| 2023 | 13.27% | 13.50% | 0.30x | 3.27x | NT$166.88 Million |
| 2024 | 11.02% | 13.12% | 0.26x | 3.22x | NT$54.72 Million |
Industry Comparison
This section compares Sweeten Real Estate Development Co Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $6,584,659,200
- Average return on equity (ROE) among peers: 6.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sweeten Real Estate Development Co Ltd (5525) | NT$5.09 Billion | 7.36% | 2.96x | $99.42 Million |
| HUA YU LIEN Development Co Ltd (1436) | $3.02 Billion | 16.10% | 3.53x | $129.39 Million |
| Advancetek Enterprise Co Ltd (1442) | $5.24 Billion | 2.31% | 1.02x | $178.30 Million |
| Better Life Group Co Ltd (1805) | $323.75 Million | 0.00% | 2.24x | $19.30 Million |
| Run Long Construction Co Ltd (1808) | $2.63 Billion | 29.05% | 2.13x | $368.38 Million |
| Jean Co Ltd (2442) | $3.33 Billion | 0.00% | 1.23x | $101.72 Million |
| Kuo Yang Construction Co Ltd (2505) | $8.22 Billion | 0.69% | 1.26x | $116.40 Million |
| Pacific Construction Co Ltd (2506) | $15.29 Billion | 0.00% | 2.26x | $53.85 Million |
| Prince Housing & Development Corp (2511) | $10.50 Billion | -3.12% | 3.02x | $221.71 Million |
| King’s Town Construction Co Ltd (2524) | $8.23 Billion | 17.33% | 1.31x | $49.96 Million |
| Hung Sheng Construction Ltd (2534) | $9.07 Billion | 0.00% | 1.89x | $203.67 Million |