Sinyi Realty Inc
Sinyi Realty Inc., together with its subsidiaries, operates in the real estate brokerage and development businesses in Taiwan, Mainland China, and internationally. The company offers transactions and leasing of residential, office, industrial, and land properties. It engages in residential development and sales, as well as invest in Sabah Malaysia's tourism sector, promoting eco-tourism resorts. … Read more
Sinyi Realty Inc (9940) - Net Assets
Latest net assets as of September 2025: NT$12.25 Billion TWD
Based on the latest financial reports, Sinyi Realty Inc (9940) has net assets worth NT$12.25 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$31.51 Billion) and total liabilities (NT$19.26 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$12.25 Billion |
| % of Total Assets | 38.88% |
| Annual Growth Rate | 10.7% |
| 5-Year Change | 3.79% |
| 10-Year Change | 38.92% |
| Growth Volatility | 18.27 |
Sinyi Realty Inc - Net Assets Trend (2000–2025)
This chart illustrates how Sinyi Realty Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sinyi Realty Inc (2000–2025)
The table below shows the annual net assets of Sinyi Realty Inc from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$13.04 Billion | -6.62% |
| 2024-12-31 | NT$13.97 Billion | +11.45% |
| 2023-12-31 | NT$12.53 Billion | +4.91% |
| 2022-12-31 | NT$11.95 Billion | -4.94% |
| 2021-12-31 | NT$12.57 Billion | +7.81% |
| 2020-12-31 | NT$11.65 Billion | +6.07% |
| 2019-12-31 | NT$10.99 Billion | -0.69% |
| 2018-12-31 | NT$11.06 Billion | -3.20% |
| 2017-12-31 | NT$11.43 Billion | +21.75% |
| 2016-12-31 | NT$9.39 Billion | +0.71% |
| 2015-12-31 | NT$9.32 Billion | -2.04% |
| 2014-12-31 | NT$9.52 Billion | -1.10% |
| 2013-12-31 | NT$9.62 Billion | +29.74% |
| 2012-12-31 | NT$7.42 Billion | +6.61% |
| 2011-12-31 | NT$6.96 Billion | +2.35% |
| 2010-12-31 | NT$6.80 Billion | +24.77% |
| 2009-12-31 | NT$5.45 Billion | +23.90% |
| 2008-12-31 | NT$4.40 Billion | +3.47% |
| 2007-12-31 | NT$4.25 Billion | +15.41% |
| 2006-12-31 | NT$3.68 Billion | +29.40% |
| 2005-12-31 | NT$2.85 Billion | +81.33% |
| 2003-12-31 | NT$1.57 Billion | +26.67% |
| 2002-12-31 | NT$1.24 Billion | +18.42% |
| 2001-12-31 | NT$1.05 Billion | +1.77% |
| 2000-12-31 | NT$1.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sinyi Realty Inc'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 993.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.06 Billion | 15.95% |
| Common Stock | NT$7.37 Billion | 57.07% |
| Other Comprehensive Income | NT$3.48 Billion | 26.98% |
| Total Equity | NT$12.91 Billion | 100.00% |
Sinyi Realty Inc Competitors by Market Cap
The table below lists competitors of Sinyi Realty Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JVM Co. Ltd
KQ:054950
|
$117.37 Million |
|
Econocom Group SA/NV
BR:ECONB
|
$117.39 Million |
|
Aekyung Petrochemical Co Ltd
KO:161000
|
$117.40 Million |
|
Amtech Systems Inc
NASDAQ:ASYS
|
$117.44 Million |
|
Hiyes International Co Ltd
TW:2348
|
$117.34 Million |
|
Corbus Pharmaceuticals Holding
NASDAQ:CRBP
|
$117.31 Million |
|
Jain Irrigation Systems Limited
NSE:JISLDVREQS
|
$117.31 Million |
|
Namuga Co. Ltd
KQ:190510
|
$117.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinyi Realty Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,830,341,000 to 12,911,904,000, a change of -918,437,000 (-6.6%).
- Net income of 219,047,000 contributed positively to equity growth.
- Dividend payments of 1,326,324,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,483,625,000.
- Other factors decreased equity by 3,294,785,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$219.05 Million | +1.7% |
| Dividends Paid | NT$1.33 Billion | -10.27% |
| Other Comprehensive Income | NT$3.48 Billion | +26.98% |
| Other Changes | NT$-3.29 Billion | -25.52% |
| Total Change | NT$- | -6.64% |
Book Value vs Market Value Analysis
This analysis compares Sinyi Realty Inc'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: 1.24x
- 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 4.14x to 1.24x 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$4.93 | NT$20.40 | x |
| 2007-12-31 | NT$5.66 | NT$20.40 | x |
| 2008-12-31 | NT$5.87 | NT$20.40 | x |
| 2009-12-31 | NT$7.31 | NT$20.40 | x |
| 2010-12-31 | NT$9.07 | NT$20.40 | x |
| 2011-12-31 | NT$9.29 | NT$20.40 | x |
| 2012-12-31 | NT$10.06 | NT$20.40 | x |
| 2013-12-31 | NT$12.87 | NT$20.40 | x |
| 2014-12-31 | NT$12.72 | NT$20.40 | x |
| 2015-12-31 | NT$12.48 | NT$20.40 | x |
| 2016-12-31 | NT$12.59 | NT$20.40 | x |
| 2017-12-31 | NT$17.31 | NT$20.40 | x |
| 2018-12-31 | NT$14.86 | NT$20.40 | x |
| 2019-12-31 | NT$14.75 | NT$20.40 | x |
| 2020-12-31 | NT$15.63 | NT$20.40 | x |
| 2021-12-31 | NT$16.85 | NT$20.40 | x |
| 2022-12-31 | NT$16.02 | NT$20.40 | x |
| 2023-12-31 | NT$16.82 | NT$20.40 | x |
| 2024-12-31 | NT$18.75 | NT$20.40 | x |
| 2025-12-31 | NT$16.50 | NT$20.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinyi Realty Inc 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): 1.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.91%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.39x
- Recent ROE (1.70%) is below the historical average (18.61%), 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 | 10.22% | 5.51% | 1.13x | 1.64x | NT$2.20 Million |
| 2001 | 10.87% | 6.57% | 1.02x | 1.62x | NT$8.79 Million |
| 2002 | 26.64% | 14.85% | 1.07x | 1.67x | NT$206.19 Million |
| 2003 | 33.04% | 17.54% | 1.17x | 1.61x | NT$361.53 Million |
| 2005 | 32.31% | 16.78% | 1.13x | 1.70x | NT$619.76 Million |
| 2006 | 35.05% | 21.46% | 0.96x | 1.70x | NT$903.65 Million |
| 2007 | 27.89% | 18.87% | 0.75x | 1.97x | NT$744.20 Million |
| 2008 | 19.49% | 14.08% | 0.77x | 1.80x | NT$409.76 Million |
| 2009 | 27.59% | 19.30% | 0.81x | 1.76x | NT$944.84 Million |
| 2010 | 29.60% | 19.50% | 0.93x | 1.64x | NT$1.31 Billion |
| 2011 | 19.11% | 15.10% | 0.86x | 1.48x | NT$624.38 Million |
| 2012 | 18.22% | 17.08% | 0.72x | 1.49x | NT$609.52 Million |
| 2013 | 26.08% | 20.47% | 0.73x | 1.75x | NT$1.53 Billion |
| 2014 | 11.43% | 12.05% | 0.50x | 1.90x | NT$134.50 Million |
| 2015 | 6.13% | 7.50% | 0.36x | 2.26x | NT$-355.81 Million |
| 2016 | 9.91% | 12.12% | 0.32x | 2.57x | NT$-7.99 Million |
| 2017 | 24.81% | 15.74% | 0.66x | 2.39x | NT$1.67 Billion |
| 2018 | 13.72% | 11.66% | 0.45x | 2.63x | NT$408.08 Million |
| 2019 | 11.61% | 10.15% | 0.39x | 2.91x | NT$175.30 Million |
| 2020 | 13.46% | 11.88% | 0.41x | 2.76x | NT$399.36 Million |
| 2021 | 18.90% | 12.50% | 0.57x | 2.65x | NT$1.11 Billion |
| 2022 | 10.35% | 8.91% | 0.40x | 2.88x | NT$41.44 Million |
| 2023 | 14.19% | 12.40% | 0.46x | 2.51x | NT$520.16 Million |
| 2024 | 12.90% | 13.96% | 0.39x | 2.34x | NT$401.36 Million |
| 2025 | 1.70% | 1.91% | 0.37x | 2.39x | NT$-1.07 Billion |
Industry Comparison
This section compares Sinyi Realty Inc's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $3,679,879,000
- Average return on equity (ROE) among peers: 5.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinyi Realty Inc (9940) | NT$12.25 Billion | 10.22% | 1.57x | $117.36 Million |
| Sun Yad Construction Co Ltd (1316) | $2.61 Billion | -3.93% | 1.72x | $118.24 Million |
| GTM Holdings Corp (1437) | $5.06 Billion | 8.52% | 0.86x | $109.18 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.29 Billion | 5.28% | 4.21x | $7.40 Million |
| Hiyes International Co Ltd (2348) | $1.11 Billion | 8.17% | 0.85x | $117.34 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.67 Billion | 10.73% | 0.91x | $52.37 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $7.39 Billion | 0.87% | 1.55x | $137.37 Million |
| Crowell Development Corp (2528) | $307.29 Million | 0.00% | 4.72x | $196.03 Million |
| JSL Construction & Development Co Ltd (2540) | $4.04 Billion | 6.45% | 1.48x | $370.33 Million |
| Wanhwa Enterprise Co (2701) | $3.23 Billion | 11.73% | 0.32x | $33.60 Million |
| First Hotel Co Ltd (2706) | $8.10 Billion | 6.19% | 0.15x | $50.43 Million |