L&K Engineering Co Ltd (6139) - Net Assets
Based on the latest financial reports, L&K Engineering Co Ltd (6139) has net assets worth NT$21.71 Billion TWD (≈ $684.13 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$81.05 Billion ≈ $2.55 Billion USD) and total liabilities (NT$59.33 Billion ≈ $1.87 Billion 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 6139 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$21.71 Billion |
| % of Total Assets | 26.79% |
| Annual Growth Rate | 13.21% |
| 5-Year Change | 82.8% |
| 10-Year Change | 122.79% |
| Growth Volatility | 16.91 |
L&K Engineering Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how L&K Engineering Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of L&K Engineering Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for L&K Engineering Co Ltd (2001–2024)
The table below shows the annual net assets of L&K Engineering Co Ltd from 2001 to 2024. For live valuation and market cap data, see L&K Engineering Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$20.54 Billion ≈ $647.14 Million |
+31.98% |
| 2023-12-31 | NT$15.56 Billion ≈ $490.34 Million |
+21.47% |
| 2022-12-31 | NT$12.81 Billion ≈ $403.66 Million |
+12.46% |
| 2021-12-31 | NT$11.39 Billion ≈ $358.93 Million |
+1.39% |
| 2020-12-31 | NT$11.24 Billion ≈ $354.01 Million |
-3.14% |
| 2019-12-31 | NT$11.60 Billion ≈ $365.50 Million |
-0.22% |
| 2018-12-31 | NT$11.63 Billion ≈ $366.32 Million |
+2.01% |
| 2017-12-31 | NT$11.40 Billion ≈ $359.10 Million |
+4.65% |
| 2016-12-31 | NT$10.89 Billion ≈ $343.12 Million |
+18.12% |
| 2015-12-31 | NT$9.22 Billion ≈ $290.48 Million |
+0.22% |
| 2014-12-31 | NT$9.20 Billion ≈ $289.84 Million |
+4.34% |
| 2013-12-31 | NT$8.82 Billion ≈ $277.77 Million |
+7.38% |
| 2012-12-31 | NT$8.21 Billion ≈ $258.68 Million |
+1.90% |
| 2011-12-31 | NT$8.06 Billion ≈ $253.85 Million |
+6.76% |
| 2010-12-31 | NT$7.55 Billion ≈ $237.77 Million |
+12.23% |
| 2009-12-31 | NT$6.72 Billion ≈ $211.85 Million |
-0.76% |
| 2008-12-31 | NT$6.78 Billion ≈ $213.48 Million |
-0.78% |
| 2007-12-31 | NT$6.83 Billion ≈ $215.17 Million |
+22.97% |
| 2006-12-31 | NT$5.55 Billion ≈ $174.98 Million |
+28.49% |
| 2005-12-31 | NT$4.32 Billion ≈ $136.18 Million |
+25.68% |
| 2004-12-31 | NT$3.44 Billion ≈ $108.36 Million |
+23.48% |
| 2003-12-31 | NT$2.79 Billion ≈ $87.75 Million |
+71.08% |
| 2002-12-31 | NT$1.63 Billion ≈ $51.29 Million |
+37.51% |
| 2001-12-31 | NT$1.18 Billion ≈ $37.30 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to L&K Engineering 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 1108.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.45 Billion | 44.20% |
| Common Stock | NT$2.33 Billion | 15.97% |
| Other Components | NT$5.81 Billion | 39.83% |
| Total Equity | NT$14.59 Billion | 100.00% |
L&K Engineering Co Ltd Competitors by Market Cap
The table below lists competitors of L&K Engineering Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gecina SA
PA:GFC
|
$5.25 Billion |
|
Thai Airways International Public Company Limited
BK:THAI
|
$5.25 Billion |
|
Legence Corp. Class A Common stock
NASDAQ:LGN
|
$5.25 Billion |
|
Youngor Group Co Ltd
SHG:600177
|
$5.25 Billion |
|
Immunovant Inc
NASDAQ:IMVT
|
$5.24 Billion |
|
Chenzhou Jingui Silver Industry Co Ltd
SHE:002716
|
$5.24 Billion |
|
MSC Industrial Direct Company Inc
NYSE:MSM
|
$5.24 Billion |
|
EPAM Systems Inc
NYSE:EPAM
|
$5.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in L&K Engineering Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,929,414,000 to 14,587,612,000, a change of 3,658,198,000 (33.5%).
- Net income of 4,335,508,000 contributed positively to equity growth.
- Dividend payments of 2,092,868,000 reduced retained earnings.
- New share issuances of 805,000,000 increased equity.
- Other comprehensive income decreased equity by 2,868,484,000.
- Other factors increased equity by 3,479,042,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.34 Billion | +29.72% |
| Dividends Paid | NT$2.09 Billion | -14.35% |
| Share Issuances | NT$805.00 Million | +5.52% |
| Other Comprehensive Income | NT$-2.87 Billion | -19.66% |
| Other Changes | NT$3.48 Billion | +23.85% |
| Total Change | NT$- | 33.47% |
Book Value vs Market Value Analysis
This analysis compares L&K Engineering 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: 11.86x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 34.22x to 11.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$20.87 | NT$714.00 | x |
| 2005-12-31 | NT$25.88 | NT$714.00 | x |
| 2006-12-31 | NT$30.38 | NT$714.00 | x |
| 2007-12-31 | NT$35.73 | NT$714.00 | x |
| 2008-12-31 | NT$31.80 | NT$714.00 | x |
| 2009-12-31 | NT$31.74 | NT$714.00 | x |
| 2010-12-31 | NT$33.18 | NT$714.00 | x |
| 2011-12-31 | NT$33.98 | NT$714.00 | x |
| 2012-12-31 | NT$31.17 | NT$714.00 | x |
| 2013-12-31 | NT$31.66 | NT$714.00 | x |
| 2014-12-31 | NT$32.26 | NT$714.00 | x |
| 2015-12-31 | NT$31.52 | NT$714.00 | x |
| 2016-12-31 | NT$32.21 | NT$714.00 | x |
| 2017-12-31 | NT$33.10 | NT$714.00 | x |
| 2018-12-31 | NT$33.72 | NT$714.00 | x |
| 2019-12-31 | NT$33.85 | NT$714.00 | x |
| 2020-12-31 | NT$33.37 | NT$714.00 | x |
| 2021-12-31 | NT$34.24 | NT$714.00 | x |
| 2022-12-31 | NT$38.03 | NT$714.00 | x |
| 2023-12-31 | NT$48.22 | NT$714.00 | x |
| 2024-12-31 | NT$60.19 | NT$714.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently L&K Engineering 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): 29.72%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.66%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 4.15x
- Recent ROE (29.72%) is above the historical average (13.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 39.35% | 14.57% | 1.42x | 1.90x | NT$347.44 Million |
| 2002 | 33.94% | 17.53% | 1.06x | 1.82x | NT$389.81 Million |
| 2003 | 16.46% | 15.04% | 0.84x | 1.31x | NT$180.03 Million |
| 2004 | 26.25% | 10.78% | 1.22x | 1.99x | NT$558.91 Million |
| 2005 | 22.02% | 11.73% | 1.17x | 1.60x | NT$519.53 Million |
| 2006 | 15.88% | 15.74% | 0.70x | 1.45x | NT$326.37 Million |
| 2007 | 14.83% | 10.31% | 0.98x | 1.47x | NT$330.19 Million |
| 2008 | 8.68% | 5.74% | 0.83x | 1.83x | NT$-83.73 Million |
| 2009 | 4.20% | 5.10% | 0.48x | 1.71x | NT$-349.88 Million |
| 2010 | 9.71% | 6.83% | 0.68x | 2.09x | NT$-18.49 Million |
| 2011 | 9.46% | 3.99% | 0.93x | 2.54x | NT$-35.01 Million |
| 2012 | 8.04% | 4.05% | 0.76x | 2.63x | NT$-124.46 Million |
| 2013 | 5.78% | 3.19% | 0.67x | 2.68x | NT$-286.02 Million |
| 2014 | 3.57% | 1.71% | 0.72x | 2.92x | NT$-446.51 Million |
| 2015 | 2.82% | 1.10% | 0.76x | 3.39x | NT$-488.36 Million |
| 2016 | 8.39% | 2.62% | 0.98x | 3.27x | NT$-117.87 Million |
| 2017 | 8.02% | 2.87% | 0.78x | 3.57x | NT$-150.02 Million |
| 2018 | 7.05% | 2.44% | 0.82x | 3.51x | NT$-227.10 Million |
| 2019 | 6.46% | 3.01% | 0.59x | 3.63x | NT$-273.27 Million |
| 2020 | 4.51% | 2.46% | 0.49x | 3.72x | NT$-417.26 Million |
| 2021 | 4.12% | 1.35% | 0.74x | 4.14x | NT$-458.06 Million |
| 2022 | 11.49% | 2.80% | 0.73x | 5.64x | NT$129.57 Million |
| 2023 | 26.43% | 5.08% | 1.05x | 4.97x | NT$1.80 Billion |
| 2024 | 29.72% | 6.66% | 1.08x | 4.15x | NT$2.88 Billion |
Industry Comparison
This section compares L&K Engineering Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,989,834,600
- Average return on equity (ROE) among peers: 10.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| L&K Engineering Co Ltd (6139) | NT$21.71 Billion | 39.35% | 2.73x | $5.24 Billion |
| Tri Ocean Textile Co Ltd (1472) | $1.42 Billion | 9.97% | 0.87x | $150.81 Million |
| United Integrated Services Co Ltd (2404) | $5.30 Billion | 21.19% | 1.16x | $6.03 Billion |
| Long Bon International Co Ltd (2514) | $7.74 Billion | 7.65% | 0.56x | $149.50 Million |
| BES Engineering Co (2515) | $19.99 Billion | 1.82% | 0.99x | $663.62 Million |
| New Asia Construction & Development Corp (2516) | $2.12 Billion | 7.53% | 2.37x | $94.10 Million |
| Delpha Construction Co Ltd (2530) | $10.73 Billion | 15.19% | 1.71x | $568.98 Million |
| Da-Cin Construction Co Ltd (2535) | $4.29 Billion | 11.26% | 1.69x | $607.55 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $2.73 Billion | 4.16% | 0.92x | $707.82 Million |
| Kedge Construction Co Ltd (2546) | $758.07 Million | 0.70% | 1.70x | $351.18 Million |
| Ruentex Engineering & Construction Co Ltd (2597) | $4.82 Billion | 23.10% | 1.71x | $1.53 Billion |
About L&K Engineering Co Ltd
L&K Engineering Co., Ltd. provides turnkey engineering services in Taiwan, Hongkong, and internationally. The company provides construction, installation, and decoration of sterile and clean rooms. It also manufactures metal structures, building components, mechanical installation, automatic control equipment, and invests in infrastructure construction. In addition, the company designs and manufa… Read more