ReaLy Development & Construction
ReaLy Development & Construction Corp., together with its subsidiaries, engages in real estate activities in Taiwan. It operates through First Sales, Second Sales, and Construction segments. The company is involved in the development, leasing, and sale of residential houses, buildings, and industrial plants; development of special zones for specific industries; investment in public construction; … Read more
ReaLy Development & Construction (2596) - Net Assets
Latest net assets as of September 2025: NT$2.38 Billion TWD
Based on the latest financial reports, ReaLy Development & Construction (2596) has net assets worth NT$2.38 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$5.58 Billion) and total liabilities (NT$3.20 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$2.38 Billion |
| % of Total Assets | 42.71% |
| Annual Growth Rate | 0.55% |
| 5-Year Change | -0.52% |
| 10-Year Change | N/A |
| Growth Volatility | 4.77 |
ReaLy Development & Construction - Net Assets Trend (2017–2024)
This chart illustrates how ReaLy Development & Construction's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ReaLy Development & Construction (2017–2024)
The table below shows the annual net assets of ReaLy Development & Construction from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.38 Billion | -1.46% |
| 2023-12-31 | NT$2.42 Billion | -0.82% |
| 2022-12-31 | NT$2.44 Billion | -3.75% |
| 2021-12-31 | NT$2.53 Billion | +5.76% |
| 2020-12-31 | NT$2.39 Billion | +3.82% |
| 2019-12-31 | NT$2.31 Billion | -6.43% |
| 2018-12-31 | NT$2.46 Billion | +7.50% |
| 2017-12-31 | NT$2.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ReaLy Development & Construction'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 9.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$830.65 Million | 41.12% |
| Other Components | NT$1.19 Billion | 58.88% |
| Total Equity | NT$2.02 Billion | 100.00% |
ReaLy Development & Construction Competitors by Market Cap
The table below lists competitors of ReaLy Development & Construction ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Reach Subsea ASA
LSE:0EMB
|
$50.62 Million |
|
First Hotel Co Ltd
TW:2706
|
$50.63 Million |
|
Mayfield Group Holdings Ltd
AU:MYG
|
$50.63 Million |
|
Titan Minerals Limited
PINK:TTTNF
|
$50.64 Million |
|
Mostostal Zabrze - Holding SA
WAR:MSZ
|
$50.58 Million |
|
Tureks Turizm Tasimacilik AS
IS:TUREX
|
$50.57 Million |
|
Stillwater Critical Minerals Corp
V:PGE
|
$50.57 Million |
|
Jin Air Co Ltd
KO:272450
|
$50.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ReaLy Development & Construction's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,052,895,000 to 2,019,863,000, a change of -33,032,000 (-1.6%).
- Net income of 66,968,000 contributed positively to equity growth.
- Dividend payments of 100,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$66.97 Million | +3.32% |
| Dividends Paid | NT$100.00 Million | -4.95% |
| Total Change | NT$- | -1.61% |
Book Value vs Market Value Analysis
This analysis compares ReaLy Development & Construction'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: 1.68x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$19.17 | NT$33.85 | x |
| 2018-12-31 | NT$20.91 | NT$33.85 | x |
| 2019-12-31 | NT$19.32 | NT$33.85 | x |
| 2020-12-31 | NT$19.76 | NT$33.85 | x |
| 2021-12-31 | NT$21.59 | NT$33.85 | x |
| 2022-12-31 | NT$20.69 | NT$33.85 | x |
| 2023-12-31 | NT$20.52 | NT$33.85 | x |
| 2024-12-31 | NT$20.20 | NT$33.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ReaLy Development & Construction 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): 3.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.24%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.88x
- Recent ROE (3.32%) is below the historical average (8.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 13.38% | 21.02% | 0.43x | 1.49x | NT$64.75 Million |
| 2018 | 17.42% | 31.28% | 0.44x | 1.27x | NT$155.12 Million |
| 2019 | 2.14% | 12.47% | 0.11x | 1.60x | NT$-151.84 Million |
| 2020 | 7.35% | 13.46% | 0.30x | 1.81x | NT$-52.35 Million |
| 2021 | 14.09% | 20.65% | 0.42x | 1.64x | NT$88.48 Million |
| 2022 | 2.81% | 14.12% | 0.11x | 1.79x | NT$-148.80 Million |
| 2023 | 4.01% | 9.02% | 0.21x | 2.09x | NT$-122.97 Million |
| 2024 | 3.32% | 8.24% | 0.14x | 2.88x | NT$-135.02 Million |
Industry Comparison
This section compares ReaLy Development & Construction's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $6,386,397,700
- Average return on equity (ROE) among peers: 3.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ReaLy Development & Construction (2596) | NT$2.38 Billion | 13.38% | 1.34x | $50.59 Million |
| HUA YU LIEN Development Co Ltd (1436) | $3.68 Billion | 0.00% | 0.02x | $128.92 Million |
| Advancetek Enterprise Co Ltd (1442) | $2.19 Billion | 15.05% | 0.71x | $175.36 Million |
| Better Life Group Co Ltd (1805) | $604.84 Million | -12.64% | 1.28x | $19.30 Million |
| Run Long Construction Co Ltd (1808) | $1.25 Billion | 11.28% | 0.94x | $360.89 Million |
| Jean Co Ltd (2442) | $1.87 Billion | 6.67% | 0.34x | $100.30 Million |
| Kuo Yang Construction Co Ltd (2505) | $2.90 Billion | 0.78% | 1.77x | $118.52 Million |
| Pacific Construction Co Ltd (2506) | $3.86 Billion | 0.00% | 5.23x | $53.85 Million |
| Prince Housing & Development Corp (2511) | $24.14 Billion | 3.95% | 1.27x | $221.71 Million |
| King’s Town Construction Co Ltd (2524) | $14.66 Billion | 11.49% | 1.21x | $49.52 Million |
| Hung Sheng Construction Ltd (2534) | $8.71 Billion | -2.72% | 1.87x | $203.16 Million |