Keding Enterprises Co Ltd (6655) - Net Assets
Based on the latest financial reports, Keding Enterprises Co Ltd (6655) has net assets worth NT$2.52 Billion TWD (≈ $79.38 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$8.74 Billion ≈ $275.30 Million USD) and total liabilities (NT$6.22 Billion ≈ $195.92 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 Keding Enterprises Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.52 Billion |
| % of Total Assets | 28.83% |
| Annual Growth Rate | 11.29% |
| 5-Year Change | 4.99% |
| 10-Year Change | 113.01% |
| Growth Volatility | 16.56 |
Keding Enterprises Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Keding Enterprises Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 6655 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Keding Enterprises Co Ltd (2014–2024)
The table below shows the annual net assets of Keding Enterprises Co Ltd from 2014 to 2024. For live valuation and market cap data, see 6655 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
-- |
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 452.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$667.65 Million | 27.00% |
| Common Stock | NT$821.81 Million | 33.23% |
| Other Comprehensive Income | NT$1.24 Billion | 50.26% |
| Total Equity | NT$2.47 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 |
|---|---|
|
SUNDARAM CLAYTON LTD
NSE:SUNCLAY
|
$339.37 Million |
|
VRG SA
WAR:VRG
|
$339.40 Million |
|
CHEERWIN GRP. -0000002
F:1RQ
|
$339.41 Million |
|
Borussia Dortmund GmbH & Co KGaA
XETRA:BVB
|
$339.41 Million |
|
Sphera Franchise Group SA MiFID Eligible Security
RO:SFG
|
$339.04 Million |
|
Fujian Yongan Forestry Group Joint-Stock
SHE:000663
|
$338.96 Million |
|
Aofu Environmental Technology Co Ltd
SHG:688021
|
$338.81 Million |
|
USANA Health Sciences Inc
NYSE:USNA
|
$338.50 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 2023 to 2024, total equity changed from 2,086,121,000 to 2,473,008,000, a change of 386,887,000 (18.5%).
- Net income of 386,374,000 contributed positively to equity growth.
- Dividend payments of 935,725,000 reduced retained earnings.
- Share repurchases of 132,154,000 reduced equity.
- New share issuances of 28,560,000 increased equity.
- Other comprehensive income increased equity by 995,362,000.
- Other factors increased equity by 44,470,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$386.37 Million | +15.62% |
| Dividends Paid | NT$935.73 Million | -37.84% |
| Share Repurchases | NT$132.15 Million | -5.34% |
| Share Issuances | NT$28.56 Million | +1.15% |
| Other Comprehensive Income | NT$995.36 Million | +40.25% |
| Other Changes | NT$44.47 Million | +1.8% |
| Total Change | NT$- | 18.55% |
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: 4.35x
- 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 7.06x to 4.35x 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$137.00 | x |
| 2015-12-31 | NT$22.63 | NT$137.00 | x |
| 2016-12-31 | NT$23.31 | NT$137.00 | x |
| 2017-12-31 | NT$26.34 | NT$137.00 | x |
| 2018-12-31 | NT$33.53 | NT$137.00 | x |
| 2019-12-31 | NT$35.22 | NT$137.00 | x |
| 2020-12-31 | NT$32.57 | NT$137.00 | x |
| 2021-12-31 | NT$23.51 | NT$137.00 | x |
| 2022-12-31 | NT$25.40 | NT$137.00 | x |
| 2023-12-31 | NT$26.63 | NT$137.00 | x |
| 2024-12-31 | NT$31.50 | NT$137.00 | 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): 15.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.43%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 3.41x
- Recent ROE (15.62%) is above the historical average (14.12%), indicating improving 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 |
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$2.52 Billion | 10.73% | 2.47x | $339.08 Million |
| Green River Holding Co Ltd (8444) | $949.12 Million | -93.53% | 7.56x | $21.65 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.