Taiwan Shin Kong Security Co Ltd
Taiwan Shin Kong Security Co., Ltd., together with its subsidiaries, provides electronic security services in Taiwan. It operates through Electronic Services Business, Cash-in-transit Business, Stationed Security Business, and Other segments. The company engages in the design, sale, rental, installation, maintenance, repair, and inspection of fire and burglary prevention, and fire protection appa… Read more
Taiwan Shin Kong Security Co Ltd (9925) - Net Assets
Latest net assets as of September 2025: NT$13.23 Billion TWD
Based on the latest financial reports, Taiwan Shin Kong Security Co Ltd (9925) has net assets worth NT$13.23 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$19.15 Billion) and total liabilities (NT$5.92 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$13.23 Billion |
| % of Total Assets | 69.09% |
| Annual Growth Rate | 4.6% |
| 5-Year Change | 15.66% |
| 10-Year Change | 35.03% |
| Growth Volatility | 9.52 |
Taiwan Shin Kong Security Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Taiwan Shin Kong Security 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 Taiwan Shin Kong Security Co Ltd (2000–2024)
The table below shows the annual net assets of Taiwan Shin Kong Security Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$12.89 Billion | +5.39% |
| 2023-12-31 | NT$12.23 Billion | +6.65% |
| 2022-12-31 | NT$11.47 Billion | -2.56% |
| 2021-12-31 | NT$11.77 Billion | +5.60% |
| 2020-12-31 | NT$11.15 Billion | +5.06% |
| 2019-12-31 | NT$10.61 Billion | +0.82% |
| 2018-12-31 | NT$10.53 Billion | -4.76% |
| 2017-12-31 | NT$11.05 Billion | +7.52% |
| 2016-12-31 | NT$10.28 Billion | +7.64% |
| 2015-12-31 | NT$9.55 Billion | -0.04% |
| 2014-12-31 | NT$9.55 Billion | +4.35% |
| 2013-12-31 | NT$9.16 Billion | +31.99% |
| 2012-12-31 | NT$6.94 Billion | +6.12% |
| 2011-12-31 | NT$6.54 Billion | -5.00% |
| 2010-12-31 | NT$6.88 Billion | +6.72% |
| 2009-12-31 | NT$6.45 Billion | +18.12% |
| 2008-12-31 | NT$5.46 Billion | -15.56% |
| 2007-12-31 | NT$6.46 Billion | -5.09% |
| 2006-12-31 | NT$6.81 Billion | +20.29% |
| 2005-12-31 | NT$5.66 Billion | +13.38% |
| 2004-12-31 | NT$4.99 Billion | +7.53% |
| 2003-12-31 | NT$4.64 Billion | +9.19% |
| 2002-12-31 | NT$4.25 Billion | +1.79% |
| 2001-12-31 | NT$4.18 Billion | -4.68% |
| 2000-12-31 | NT$4.38 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Shin Kong Security 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 418.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.90 Billion | 49.86% |
| Common Stock | NT$3.87 Billion | 32.74% |
| Other Comprehensive Income | NT$1.94 Billion | 16.40% |
| Other Components | NT$117.83 Million | 1.00% |
| Total Equity | NT$11.83 Billion | 100.00% |
Taiwan Shin Kong Security Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Shin Kong Security Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daqian Ecology & Landscape Co Ltd
SHG:603955
|
$350.31 Million |
|
Allogene Therapeutics Inc
NASDAQ:ALLO
|
$350.42 Million |
|
Hangzhou Anysoft Information Technology Co Ltd
SHE:300571
|
$350.45 Million |
|
Otokar Otomotiv ve Savunma Sanayi AS
IS:OTKAR
|
$350.58 Million |
|
SoluM Co Ltd
KO:248070
|
$350.14 Million |
|
Voltalia S.A.
LSE:0QW7
|
$350.14 Million |
|
China Television Media Ltd
SHG:600088
|
$350.12 Million |
|
Poly Plastic Masterbatch Suzhou Co
SHE:300905
|
$350.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Shin Kong Security Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,185,870,000 to 11,833,570,000, a change of 647,700,000 (5.8%).
- Net income of 885,299,000 contributed positively to equity growth.
- Dividend payments of 774,979,000 reduced retained earnings.
- Other comprehensive income increased equity by 476,108,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$885.30 Million | +7.48% |
| Dividends Paid | NT$774.98 Million | -6.55% |
| Other Comprehensive Income | NT$476.11 Million | +4.02% |
| Other Changes | NT$61.27 Million | +0.52% |
| Total Change | NT$- | 5.79% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Shin Kong Security 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: 1.33x
- 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 2.39x to 1.33x 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$17.01 | NT$40.70 | x |
| 2007-12-31 | NT$16.07 | NT$40.70 | x |
| 2008-12-31 | NT$13.56 | NT$40.70 | x |
| 2009-12-31 | NT$15.87 | NT$40.70 | x |
| 2010-12-31 | NT$16.80 | NT$40.70 | x |
| 2011-12-31 | NT$15.92 | NT$40.70 | x |
| 2012-12-31 | NT$16.83 | NT$40.70 | x |
| 2013-12-31 | NT$22.06 | NT$40.70 | x |
| 2014-12-31 | NT$22.84 | NT$40.70 | x |
| 2015-12-31 | NT$22.72 | NT$40.70 | x |
| 2016-12-31 | NT$24.37 | NT$40.70 | x |
| 2017-12-31 | NT$25.92 | NT$40.70 | x |
| 2018-12-31 | NT$24.96 | NT$40.70 | x |
| 2019-12-31 | NT$24.93 | NT$40.70 | x |
| 2020-12-31 | NT$26.46 | NT$40.70 | x |
| 2021-12-31 | NT$27.80 | NT$40.70 | x |
| 2022-12-31 | NT$27.18 | NT$40.70 | x |
| 2023-12-31 | NT$28.99 | NT$40.70 | x |
| 2024-12-31 | NT$30.66 | NT$40.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Shin Kong Security 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): 7.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.28%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.61x
- Recent ROE (7.48%) is below the historical average (11.59%), 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 | 12.06% | 14.05% | 0.61x | 1.40x | NT$88.46 Million |
| 2001 | 9.92% | 10.74% | 0.57x | 1.61x | NT$-3.18 Million |
| 2002 | 7.81% | 8.56% | 0.57x | 1.61x | NT$-93.04 Million |
| 2003 | 15.94% | 17.90% | 0.53x | 1.67x | NT$275.80 Million |
| 2004 | 14.97% | 16.77% | 0.54x | 1.65x | NT$247.98 Million |
| 2005 | 15.04% | 15.82% | 0.59x | 1.61x | NT$273.78 Million |
| 2006 | 14.06% | 16.39% | 0.55x | 1.55x | NT$265.23 Million |
| 2007 | 15.81% | 16.74% | 0.60x | 1.57x | NT$359.81 Million |
| 2008 | 12.71% | 11.32% | 0.67x | 1.67x | NT$141.49 Million |
| 2009 | 14.03% | 14.81% | 0.62x | 1.53x | NT$246.56 Million |
| 2010 | 12.44% | 12.90% | 0.52x | 1.86x | NT$157.94 Million |
| 2011 | 14.61% | 13.58% | 0.57x | 1.90x | NT$282.51 Million |
| 2012 | 14.91% | 14.13% | 0.57x | 1.84x | NT$318.62 Million |
| 2013 | 12.02% | 13.61% | 0.50x | 1.76x | NT$172.12 Million |
| 2014 | 11.74% | 15.05% | 0.44x | 1.76x | NT$152.86 Million |
| 2015 | 12.23% | 15.21% | 0.47x | 1.70x | NT$195.65 Million |
| 2016 | 10.36% | 13.49% | 0.49x | 1.58x | NT$33.54 Million |
| 2017 | 9.40% | 13.23% | 0.46x | 1.54x | NT$-59.74 Million |
| 2018 | 8.65% | 11.82% | 0.47x | 1.57x | NT$-130.04 Million |
| 2019 | 8.38% | 11.50% | 0.44x | 1.66x | NT$-156.89 Million |
| 2020 | 8.70% | 12.34% | 0.42x | 1.67x | NT$-132.72 Million |
| 2021 | 8.98% | 12.73% | 0.42x | 1.67x | NT$-109.12 Million |
| 2022 | 9.20% | 12.61% | 0.43x | 1.68x | NT$-83.77 Million |
| 2023 | 8.38% | 12.16% | 0.42x | 1.66x | NT$-180.71 Million |
| 2024 | 7.48% | 11.28% | 0.41x | 1.61x | NT$-298.06 Million |
Industry Comparison
This section compares Taiwan Shin Kong Security Co Ltd's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $2,329,650,200
- Average return on equity (ROE) among peers: 11.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Shin Kong Security Co Ltd (9925) | NT$13.23 Billion | 12.06% | 0.45x | $350.16 Million |
| Everspring Industry Co Ltd (2390) | $2.46 Billion | -5.28% | 0.31x | $39.21 Million |
| Hi Sharp Electronics Co Ltd (3128) | $590.65 Million | 5.67% | 0.87x | $29.03 Million |
| Hunt Electronic Co Ltd (3297) | $568.35 Million | -2.36% | 0.41x | $22.22 Million |
| GeoVision Inc (3356) | $1.13 Billion | 47.60% | 0.08x | $92.06 Million |
| Vivotek Inc (3454) | $2.95 Billion | 6.37% | 0.81x | $103.53 Million |
| ACTi Corporation (5240) | $201.01 Million | 18.31% | 1.27x | $14.63 Million |
| EverFocus Electronics Corp (5484) | $985.19 Million | -17.83% | 0.44x | $49.77 Million |
| NUUO Inc. (6419) | $329.40 Million | 21.78% | 0.50x | $22.35 Million |
| Topview Optronics Corporation (6556) | $1.55 Billion | 16.37% | 0.37x | $27.10 Million |
| Taiwan Secom Co Ltd (9917) | $12.53 Billion | 20.58% | 1.07x | $835.80 Million |