Shining Building Business Co Ltd
Shining Building Business Co.,Ltd., together with its subsidiaries, operates as a real estate development company in Taiwan and Mainland China. It operates through Construction; Manufacturing; and Other segments. The company develops, leases, and sells residential properties and commercial buildings; and engages in the contracting construction business for residential real estate and commercial b… Read more
Shining Building Business Co Ltd (5531) - Net Assets
Latest net assets as of September 2025: NT$9.82 Billion TWD
Based on the latest financial reports, Shining Building Business Co Ltd (5531) has net assets worth NT$9.82 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$42.78 Billion) and total liabilities (NT$32.96 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$9.82 Billion |
| % of Total Assets | 22.95% |
| Annual Growth Rate | 11.1% |
| 5-Year Change | -15.4% |
| 10-Year Change | -12.77% |
| Growth Volatility | 19.37 |
Shining Building Business Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Shining Building Business 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 Shining Building Business Co Ltd (2000–2024)
The table below shows the annual net assets of Shining Building Business Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$10.54 Billion | +0.16% |
| 2023-12-31 | NT$10.52 Billion | -4.01% |
| 2022-12-31 | NT$10.96 Billion | -4.56% |
| 2021-12-31 | NT$11.49 Billion | -7.80% |
| 2020-12-31 | NT$12.46 Billion | -0.31% |
| 2019-12-31 | NT$12.50 Billion | +3.47% |
| 2018-12-31 | NT$12.08 Billion | -1.83% |
| 2017-12-31 | NT$12.31 Billion | +2.66% |
| 2016-12-31 | NT$11.99 Billion | -0.81% |
| 2015-12-31 | NT$12.08 Billion | -6.42% |
| 2014-12-31 | NT$12.91 Billion | +10.76% |
| 2013-12-31 | NT$11.66 Billion | +40.11% |
| 2012-12-31 | NT$8.32 Billion | +15.73% |
| 2011-12-31 | NT$7.19 Billion | +15.27% |
| 2010-12-31 | NT$6.24 Billion | +13.61% |
| 2009-12-31 | NT$5.49 Billion | +10.50% |
| 2008-12-31 | NT$4.97 Billion | +1.43% |
| 2007-12-31 | NT$4.90 Billion | +52.60% |
| 2006-12-31 | NT$3.21 Billion | +58.10% |
| 2005-12-31 | NT$2.03 Billion | +42.17% |
| 2004-12-31 | NT$1.43 Billion | +46.14% |
| 2003-12-31 | NT$977.27 Million | +3.34% |
| 2002-12-31 | NT$945.73 Million | +3.12% |
| 2001-12-31 | NT$917.07 Million | +8.79% |
| 2000-12-31 | NT$842.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shining Building Business 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 798.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$723.10 Million | 7.00% |
| Common Stock | NT$9.78 Billion | 94.59% |
| Other Comprehensive Income | NT$-171.89 Million | -1.66% |
| Other Components | NT$8.45 Million | 0.08% |
| Total Equity | NT$10.34 Billion | 100.00% |
Shining Building Business Co Ltd Competitors by Market Cap
The table below lists competitors of Shining Building Business Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Loncor Resources Inc
TO:LN
|
$111.32 Million |
|
G8 Education Ltd
AU:GEM
|
$111.33 Million |
|
Chinese Maritime Transport Ltd
TW:2612
|
$111.34 Million |
|
Genexine Inc
KQ:095700
|
$111.37 Million |
|
ALTEO ENERG.NYIL M.UF125
F:54O
|
$111.31 Million |
|
AGI Greenpac Limited
NSE:AGI
|
$111.31 Million |
|
WHA UTILITIES AND PO
BK:WHAUP-R
|
$111.29 Million |
|
DYNAM JAPAN HOLDINGS Co. Ltd
F:2DJ
|
$111.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shining Building Business Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,129,757,000 to 10,335,554,000, a change of 205,797,000 (2.0%).
- Net loss of 114,817,000 reduced equity.
- Other comprehensive income increased equity by 372,774,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-114.82 Million | -1.11% |
| Other Comprehensive Income | NT$372.77 Million | +3.61% |
| Other Changes | NT$-52.16 Million | -0.5% |
| Total Change | NT$- | 2.03% |
Book Value vs Market Value Analysis
This analysis compares Shining Building Business 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: 0.85x
- 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 2.74x to 0.85x 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$3.26 | NT$8.94 | x |
| 2007-12-31 | NT$5.97 | NT$8.94 | x |
| 2008-12-31 | NT$5.05 | NT$8.94 | x |
| 2009-12-31 | NT$6.14 | NT$8.94 | x |
| 2010-12-31 | NT$7.30 | NT$8.94 | x |
| 2011-12-31 | NT$8.78 | NT$8.94 | x |
| 2012-12-31 | NT$8.61 | NT$8.94 | x |
| 2013-12-31 | NT$13.12 | NT$8.94 | x |
| 2014-12-31 | NT$12.44 | NT$8.94 | x |
| 2015-12-31 | NT$11.18 | NT$8.94 | x |
| 2016-12-31 | NT$11.82 | NT$8.94 | x |
| 2017-12-31 | NT$12.31 | NT$8.94 | x |
| 2018-12-31 | NT$11.97 | NT$8.94 | x |
| 2019-12-31 | NT$11.67 | NT$8.94 | x |
| 2020-12-31 | NT$11.73 | NT$8.94 | x |
| 2021-12-31 | NT$10.98 | NT$8.94 | x |
| 2022-12-31 | NT$10.68 | NT$8.94 | x |
| 2023-12-31 | NT$10.36 | NT$8.94 | x |
| 2024-12-31 | NT$10.57 | NT$8.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shining Building Business Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.79%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 4.17x
- Recent ROE (-1.11%) is below the historical average (9.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 5.38% | 2.95% | 0.67x | 2.71x | NT$-38.94 Million |
| 2001 | 6.47% | 2.72% | 1.02x | 2.32x | NT$-31.78 Million |
| 2002 | 3.32% | 2.73% | 0.66x | 1.83x | NT$-62.23 Million |
| 2003 | 3.33% | 5.63% | 0.28x | 2.13x | NT$-64.27 Million |
| 2004 | 31.97% | 20.43% | 0.56x | 2.81x | NT$310.85 Million |
| 2005 | 30.09% | 22.45% | 0.39x | 3.46x | NT$405.38 Million |
| 2006 | 37.23% | 22.01% | 0.41x | 4.13x | NT$871.42 Million |
| 2007 | 34.73% | 28.03% | 0.52x | 2.37x | NT$1.21 Billion |
| 2008 | 13.01% | 20.35% | 0.22x | 2.87x | NT$149.03 Million |
| 2009 | 9.61% | 17.94% | 0.19x | 2.88x | NT$-21.32 Million |
| 2010 | 12.06% | 29.49% | 0.14x | 2.82x | NT$128.19 Million |
| 2011 | 13.38% | 18.67% | 0.26x | 2.73x | NT$243.22 Million |
| 2012 | 7.30% | 22.51% | 0.11x | 2.91x | NT$-207.47 Million |
| 2013 | 25.04% | 31.85% | 0.26x | 2.99x | NT$1.49 Billion |
| 2014 | 9.86% | 21.68% | 0.12x | 3.88x | NT$-15.77 Million |
| 2015 | 2.03% | 4.61% | 0.11x | 4.16x | NT$-875.51 Million |
| 2016 | 4.57% | 6.79% | 0.18x | 3.70x | NT$-600.19 Million |
| 2017 | 5.07% | 11.89% | 0.13x | 3.32x | NT$-568.07 Million |
| 2018 | 1.39% | 2.22% | 0.20x | 3.19x | NT$-1.00 Billion |
| 2019 | 6.13% | 9.01% | 0.23x | 2.95x | NT$-443.42 Million |
| 2020 | 0.94% | 1.82% | 0.19x | 2.77x | NT$-1.04 Billion |
| 2021 | -7.23% | -22.34% | 0.10x | 3.28x | NT$-1.85 Billion |
| 2022 | -15.67% | -122.97% | 0.03x | 3.84x | NT$-2.68 Billion |
| 2023 | -1.93% | -5.17% | 0.09x | 4.05x | NT$-1.21 Billion |
| 2024 | -1.11% | -2.79% | 0.10x | 4.17x | NT$-1.15 Billion |
Industry Comparison
This section compares Shining Building Business Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,170,391,600
- Average return on equity (ROE) among peers: 6.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shining Building Business Co Ltd (5531) | NT$9.82 Billion | 5.38% | 3.36x | $111.32 Million |
| Tri Ocean Textile Co Ltd (1472) | $333.36 Million | -10.62% | 2.04x | $47.78 Million |
| Ju-Kao Engineering Co., Ltd. (1594) | $297.75 Million | -0.44% | 0.99x | $1.54 Million |
| United Integrated Services Co Ltd (2404) | $6.61 Billion | 18.38% | 1.52x | $4.54 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $63.02 Million |
| BES Engineering Co (2515) | $19.46 Billion | 1.31% | 1.00x | $632.27 Million |
| New Asia Construction & Development Corp (2516) | $2.41 Billion | 2.77% | 2.80x | $83.75 Million |
| Delpha Construction Co Ltd (2530) | $3.35 Billion | 17.30% | 0.87x | $263.82 Million |
| Da-Cin Construction Co Ltd (2535) | $7.35 Billion | 8.58% | 1.32x | $428.26 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.87 Billion | 14.12% | 1.47x | $514.98 Million |
| Kedge Construction Co Ltd (2546) | $1.88 Billion | 6.30% | 1.33x | $163.03 Million |