Keding Enterprises Co Ltd (6655) - Net Assets
Based on the latest financial reports, Keding Enterprises Co Ltd (6655) has net assets worth NT$2.70 Billion TWD (≈ $85.04 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$8.91 Billion ≈ $280.76 Million USD) and total liabilities (NT$6.21 Billion ≈ $195.72 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 tangible net worth ratio of Keding Enterprises Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.70 Billion |
| % of Total Assets | 30.29% |
| Annual Growth Rate | 10.47% |
| 5-Year Change | 42.73% |
| 10-Year Change | 90.9% |
| Growth Volatility | 16.05 |
Keding Enterprises Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Keding Enterprises Co Ltd's net assets have evolved over time, based on quarterly financial data. See Keding Enterprises Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Keding Enterprises Co Ltd (2014–2025)
The table below shows the annual net assets of Keding Enterprises Co Ltd from 2014 to 2025. For live valuation and market cap data, see 6655 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.54 Billion ≈ $80.03 Million |
+2.59% |
| 2024-12-31 | NT$2.48 Billion ≈ $78.01 Million |
+18.49% |
| 2023-12-31 | NT$2.09 Billion ≈ $65.84 Million |
+5.53% |
| 2022-12-31 | NT$1.98 Billion ≈ $62.39 Million |
+11.27% |
| 2021-12-31 | NT$1.78 Billion ≈ $56.07 Million |
-24.54% |
| 2020-12-31 | NT$2.36 Billion ≈ $74.30 Million |
-3.70% |
| 2019-12-31 | NT$2.45 Billion ≈ $77.16 Million |
+18.63% |
| 2018-12-31 | NT$2.06 Billion ≈ $65.04 Million |
+31.36% |
| 2017-12-31 | NT$1.57 Billion ≈ $49.51 Million |
+18.11% |
| 2016-12-31 | NT$1.33 Billion ≈ $41.92 Million |
+14.48% |
| 2015-12-31 | NT$1.16 Billion ≈ $36.62 Million |
+36.85% |
| 2014-12-31 | NT$849.38 Million ≈ $26.76 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Keding Enterprises 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 341.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$533.43 Million | 21.04% |
| Common Stock | NT$805.72 Million | 31.78% |
| Other Comprehensive Income | NT$1.37 Billion | 53.91% |
| Total Equity | NT$2.54 Billion | 100.00% |
Keding Enterprises Co Ltd Competitors by Market Cap
The table below lists competitors of Keding Enterprises Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Jiaoda Signal Technology
SHE:300851
|
$309.38 Million |
|
Xinjiang Tianshan Animal Husbandry Bio-engineering Co Ltd
SHE:300313
|
$309.47 Million |
|
Leenos Corp
KQ:039980
|
$309.60 Million |
|
Dividend Growth Split Corp
TO:DGS
|
$309.71 Million |
|
Windsor Machines Limited
NSE:WINDMACHIN
|
$309.33 Million |
|
Shandong Huifa Foodstuff Co
SHG:603536
|
$309.28 Million |
|
STIF Société anonyme
PA:ALSTI
|
$309.15 Million |
|
Edda Wind ASA
OL:EWIND
|
$308.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Keding Enterprises Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,473,008,000 to 2,535,146,000, a change of 62,138,000 (2.5%).
- Net income of 309,912,000 contributed positively to equity growth.
- Dividend payments of 329,942,000 reduced retained earnings.
- New share issuances of 2,439,000 increased equity.
- Other comprehensive income increased equity by 123,739,999.
- Other factors decreased equity by 44,010,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$309.91 Million | +12.22% |
| Dividends Paid | NT$329.94 Million | -13.01% |
| Share Issuances | NT$2.44 Million | +0.1% |
| Other Comprehensive Income | NT$123.74 Million | +4.88% |
| Other Changes | NT$-44.01 Million | -1.74% |
| Total Change | NT$- | 2.51% |
Book Value vs Market Value Analysis
This analysis compares Keding Enterprises 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: 3.90x
- 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 6.44x to 3.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | NT$19.41 | NT$125.00 | x |
| 2015-12-31 | NT$22.63 | NT$125.00 | x |
| 2016-12-31 | NT$23.31 | NT$125.00 | x |
| 2017-12-31 | NT$26.34 | NT$125.00 | x |
| 2018-12-31 | NT$33.53 | NT$125.00 | x |
| 2019-12-31 | NT$35.22 | NT$125.00 | x |
| 2020-12-31 | NT$32.57 | NT$125.00 | x |
| 2021-12-31 | NT$23.51 | NT$125.00 | x |
| 2022-12-31 | NT$25.40 | NT$125.00 | x |
| 2023-12-31 | NT$26.63 | NT$125.00 | x |
| 2024-12-31 | NT$31.50 | NT$125.00 | x |
| 2025-12-31 | NT$32.07 | NT$125.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Keding Enterprises 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): 12.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.92%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 3.46x
- Recent ROE (12.22%) is below the historical average (13.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 10.73% | 7.35% | 0.75x | 1.95x | NT$6.21 Million |
| 2015 | 15.44% | 11.87% | 0.81x | 1.61x | NT$63.28 Million |
| 2016 | 11.50% | 9.46% | 0.51x | 2.37x | NT$19.98 Million |
| 2017 | 10.94% | 9.22% | 0.43x | 2.77x | NT$14.70 Million |
| 2018 | 10.40% | 8.43% | 0.46x | 2.69x | NT$8.23 Million |
| 2019 | 6.37% | 6.05% | 0.46x | 2.28x | NT$-88.99 Million |
| 2020 | 12.51% | 14.12% | 0.38x | 2.32x | NT$59.10 Million |
| 2021 | 30.18% | 23.58% | 0.44x | 2.90x | NT$359.10 Million |
| 2022 | 19.69% | 16.02% | 0.38x | 3.22x | NT$191.80 Million |
| 2023 | 11.92% | 10.47% | 0.37x | 3.06x | NT$39.99 Million |
| 2024 | 15.62% | 15.43% | 0.30x | 3.41x | NT$139.07 Million |
| 2025 | 12.22% | 11.92% | 0.30x | 3.46x | NT$56.40 Million |
Industry Comparison
This section compares Keding Enterprises Co Ltd's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $949,123,000
- Average return on equity (ROE) among peers: -93.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Keding Enterprises Co Ltd (6655) | NT$2.70 Billion | 10.73% | 2.30x | $309.38 Million |
| Green River Holding Co Ltd (8444) | $949.12 Million | -93.53% | 7.56x | $16.87 Million |
About Keding Enterprises Co Ltd
Keding Enterprises Co., Ltd., together with its subsidiaries, manufactures and sale coated veneer boards, environmentally friendly wood panels, wooden floors, and other wood-related products and plastic products in Taiwan. It is also involved in reinvestment business; and international trading business. The company was incorporated in 2002 and is headquartered in New Taipei City, Taiwan.