Taiwan Shin Kong Security Co Ltd (9925) - Net Assets

Latest as of December 2025: NT$14.25 Billion TWD ≈ $448.81 Million USD

Based on the latest financial reports, Taiwan Shin Kong Security Co Ltd (9925) has net assets worth NT$14.25 Billion TWD (≈ $448.81 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$19.99 Billion ≈ $629.85 Million USD) and total liabilities (NT$5.75 Billion ≈ $181.04 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 asset resilience ratio of Taiwan Shin Kong Security Co Ltd to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	NT$14.25 Billion
% of Total Assets	71.26%
Annual Growth Rate	4.83%
5-Year Change	21.0%
10-Year Change	38.59%
Growth Volatility	9.39

Taiwan Shin Kong Security Co Ltd - Net Assets Trend (2000–2025)

This chart illustrates how Taiwan Shin Kong Security Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Taiwan Shin Kong Security Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for Taiwan Shin Kong Security Co Ltd (2000–2025)

The table below shows the annual net assets of Taiwan Shin Kong Security Co Ltd from 2000 to 2025. For live valuation and market cap data, see Taiwan Shin Kong Security Co Ltd market capitalisation.

Year	Net Assets	Change
2025-12-31	NT$14.25 Billion ≈ $448.81 Million	+10.48%
2024-12-31	NT$12.89 Billion ≈ $406.24 Million	+5.39%
2023-12-31	NT$12.23 Billion ≈ $385.45 Million	+6.65%
2022-12-31	NT$11.47 Billion ≈ $361.40 Million	-2.56%
2021-12-31	NT$11.77 Billion ≈ $370.90 Million	+5.60%
2020-12-31	NT$11.15 Billion ≈ $351.23 Million	+5.06%
2019-12-31	NT$10.61 Billion ≈ $334.33 Million	+0.82%
2018-12-31	NT$10.53 Billion ≈ $331.62 Million	-4.76%
2017-12-31	NT$11.05 Billion ≈ $348.20 Million	+7.52%
2016-12-31	NT$10.28 Billion ≈ $323.85 Million	+7.64%
2015-12-31	NT$9.55 Billion ≈ $300.86 Million	-0.04%
2014-12-31	NT$9.55 Billion ≈ $300.98 Million	+4.35%
2013-12-31	NT$9.16 Billion ≈ $288.44 Million	+31.99%
2012-12-31	NT$6.94 Billion ≈ $218.52 Million	+6.12%
2011-12-31	NT$6.54 Billion ≈ $205.91 Million	-5.00%
2010-12-31	NT$6.88 Billion ≈ $216.76 Million	+6.72%
2009-12-31	NT$6.45 Billion ≈ $203.11 Million	+18.12%
2008-12-31	NT$5.46 Billion ≈ $171.94 Million	-15.56%
2007-12-31	NT$6.46 Billion ≈ $203.63 Million	-5.09%
2006-12-31	NT$6.81 Billion ≈ $214.55 Million	+20.29%
2005-12-31	NT$5.66 Billion ≈ $178.36 Million	+13.38%
2004-12-31	NT$4.99 Billion ≈ $157.31 Million	+7.53%
2003-12-31	NT$4.64 Billion ≈ $146.30 Million	+9.19%
2002-12-31	NT$4.25 Billion ≈ $133.98 Million	+1.79%
2001-12-31	NT$4.18 Billion ≈ $131.63 Million	-4.68%
2000-12-31	NT$4.38 Billion ≈ $138.10 Million	--

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 218.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	NT$3.62 Billion	27.76%
Common Stock	NT$3.87 Billion	29.71%
Other Comprehensive Income	NT$5.49 Billion	42.06%
Other Components	NT$60.74 Million	0.47%
Total Equity	NT$13.04 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
Beijing Hanyi Innovation Technology Co. Ltd. A SHE:301270	$487.87 Million
Juniper Hotels Ltd NSE:JUNIPER	$488.19 Million
Synmosa Biopharma TWO:4114	$488.27 Million
Euroseas Ltd NASDAQ:ESEA	$488.48 Million
Issta Lines Ltd TA:ISTA	$487.77 Million
Hangzhou Kaierda Welding Robot Co Ltd SHG:688255	$487.74 Million
V.S.T Tillers Tractors Limited NSE:VSTTILLERS	$487.50 Million
Camping World Holdings Inc NYSE:CWH	$487.48 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 2024 to 2025, total equity changed from 11,833,570,000 to 13,043,914,000, a change of 1,210,344,000 (10.2%).
Net income of 911,165,000 contributed positively to equity growth.
Dividend payments of 774,979,000 reduced retained earnings.
Other comprehensive income increased equity by 3,545,621,000.
Other factors decreased equity by 2,471,463,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	NT$911.16 Million	+6.99%
Dividends Paid	NT$774.98 Million	-5.94%
Other Comprehensive Income	NT$3.55 Billion	+27.18%
Other Changes	NT$-2.47 Billion	-18.95%
Total Change	NT$-	10.23%

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: 1.28x
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 2.37x to 1.28x 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$40.30	x
2007-12-31	NT$16.07	NT$40.30	x
2008-12-31	NT$13.56	NT$40.30	x
2009-12-31	NT$15.87	NT$40.30	x
2010-12-31	NT$16.80	NT$40.30	x
2011-12-31	NT$15.92	NT$40.30	x
2012-12-31	NT$16.83	NT$40.30	x
2013-12-31	NT$22.06	NT$40.30	x
2014-12-31	NT$22.84	NT$40.30	x
2015-12-31	NT$22.72	NT$40.30	x
2016-12-31	NT$24.37	NT$40.30	x
2017-12-31	NT$25.92	NT$40.30	x
2018-12-31	NT$24.96	NT$40.30	x
2019-12-31	NT$24.93	NT$40.30	x
2020-12-31	NT$26.46	NT$40.30	x
2021-12-31	NT$27.80	NT$40.30	x
2022-12-31	NT$27.18	NT$40.30	x
2023-12-31	NT$28.99	NT$40.30	x
2024-12-31	NT$30.66	NT$40.30	x
2025-12-31	NT$31.57	NT$40.30	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): 6.99%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.20%
• Asset Turnover: 0.41x
• Equity Multiplier: 1.53x
Recent ROE (6.99%) is below the historical average (11.42%), 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$-298.06 Million
2025	6.99%	11.20%	0.41x	1.53x	NT$-393.23 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: $2,359,600,571
Average return on equity (ROE) among peers: 6.65%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Taiwan Shin Kong Security Co Ltd (9925)	NT$14.25 Billion	12.06%	0.40x	$487.81 Million
Everspring Industry Co Ltd (2390)	$2.60 Billion	1.96%	0.32x	$59.35 Million
Hi Sharp Electronics Co Ltd (3128)	$651.04 Million	5.70%	0.88x	$35.48 Million
Hunt Electronic Co Ltd (3297)	$704.01 Million	-3.13%	0.24x	$36.40 Million
GeoVision Inc (3356)	$1.76 Billion	9.03%	0.40x	$136.00 Million
Vivotek Inc (3454)	$938.12 Million	10.77%	0.22x	$271.10 Million
EverFocus Electronics Corp (5484)	$1.38 Billion	5.82%	0.47x	$82.08 Million
Taiwan Secom Co Ltd (9917)	$8.48 Billion	16.37%	0.36x	$1.58 Billion

About Taiwan Shin Kong Security Co Ltd

TW:9925 Taiwan Security & Protection Services

Market Cap

$487.81 Million

NT$15.48 Billion TWD

Market Cap Rank

#12659 Global

#452 in Taiwan

Share Price

NT$40.30

Change (1 day)

+0.00%

52-Week Range

NT$40.30 - NT$41.85

All Time High

NT$42.75