ReaLy Development & Construction (2596) - Net Assets
Based on the latest financial reports, ReaLy Development & Construction (2596) has net assets worth NT$2.46 Billion TWD (≈ $77.62 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$6.32 Billion ≈ $199.18 Million USD) and total liabilities (NT$3.86 Billion ≈ $121.56 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. Also explore 2596 current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.46 Billion |
| % of Total Assets | 38.97% |
| Annual Growth Rate | 0.91% |
| 5-Year Change | -2.69% |
| 10-Year Change | N/A |
| Growth Volatility | 4.56 |
ReaLy Development & Construction - Net Assets Trend (2017–2025)
This chart illustrates how ReaLy Development & Construction's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of ReaLy Development & Construction to evaluate the tangible quality of the company's equity base.
Annual Net Assets for ReaLy Development & Construction (2017–2025)
The table below shows the annual net assets of ReaLy Development & Construction from 2017 to 2025. For live valuation and market cap data, see 2596 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.46 Billion ≈ $77.62 Million |
+3.45% |
| 2024-12-31 | NT$2.38 Billion ≈ $75.03 Million |
-1.46% |
| 2023-12-31 | NT$2.42 Billion ≈ $76.14 Million |
-0.82% |
| 2022-12-31 | NT$2.44 Billion ≈ $76.78 Million |
-3.75% |
| 2021-12-31 | NT$2.53 Billion ≈ $79.77 Million |
+5.76% |
| 2020-12-31 | NT$2.39 Billion ≈ $75.43 Million |
+3.82% |
| 2019-12-31 | NT$2.31 Billion ≈ $72.65 Million |
-6.43% |
| 2018-12-31 | NT$2.46 Billion ≈ $77.64 Million |
+7.50% |
| 2017-12-31 | NT$2.29 Billion ≈ $72.22 Million |
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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 20.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$916.55 Million | 43.53% |
| Other Components | NT$1.19 Billion | 56.47% |
| Total Equity | NT$2.11 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 |
|---|---|
|
Global Lights Acquisition Corp Ordinary Shares
NASDAQ:GLAC
|
$97.11 Million |
|
Flexopack Société Anonyme Commercial and Industrial Plastics Company
AT:FLEXO
|
$97.15 Million |
|
Taiwan Line Tek Electronic Co Ltd
TW:2462
|
$97.15 Million |
|
Amorepacific Group
KO:002795
|
$97.15 Million |
|
Tipco Foods Public Company Limited
BK:TIPCO
|
$97.02 Million |
|
Namsun Alumini
KO:008350
|
$97.01 Million |
|
Quantum Foods Holdings
JSE:QFH
|
$96.98 Million |
|
Antalpha Platform Holding Co
NASDAQ:ANTA
|
$96.93 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 2024 to 2025, total equity changed from 2,019,863,000 to 2,105,755,000, a change of 85,892,000 (4.3%).
- Net income of 185,892,000 contributed positively to equity growth.
- Dividend payments of 100,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$185.89 Million | +8.83% |
| Dividends Paid | NT$100.00 Million | -4.75% |
| Total Change | NT$- | 4.25% |
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: 1.46x
- 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 1.61x to 1.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$19.17 | NT$30.80 | x |
| 2018-12-31 | NT$20.91 | NT$30.80 | x |
| 2019-12-31 | NT$19.32 | NT$30.80 | x |
| 2020-12-31 | NT$19.76 | NT$30.80 | x |
| 2021-12-31 | NT$21.59 | NT$30.80 | x |
| 2022-12-31 | NT$20.69 | NT$30.80 | x |
| 2023-12-31 | NT$20.52 | NT$30.80 | x |
| 2024-12-31 | NT$20.20 | NT$30.80 | x |
| 2025-12-31 | NT$21.06 | NT$30.80 | 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): 8.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.32%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 3.00x
- Recent ROE (8.83%) is above the historical average (8.15%), indicating improving 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 |
| 2025 | 8.83% | 14.32% | 0.21x | 3.00x | NT$-24.68 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: $7,009,530,300
- Average return on equity (ROE) among peers: 8.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ReaLy Development & Construction (2596) | NT$2.46 Billion | 13.38% | 1.57x | $97.04 Million |
| HUA YU LIEN Development Co Ltd (1436) | $3.28 Billion | 19.23% | 2.98x | $244.57 Million |
| Advancetek Enterprise Co Ltd (1442) | $2.51 Billion | 16.72% | 1.61x | $340.94 Million |
| Better Life Group Co Ltd (1805) | $1.92 Billion | 0.00% | 0.60x | $43.37 Million |
| Run Long Construction Co Ltd (1808) | $12.84 Billion | 10.13% | 3.39x | $905.96 Million |
| Jean Co Ltd (2442) | $1.52 Billion | 3.57% | 4.23x | $169.64 Million |
| Cathay Real Estate Development Co Ltd (2501) | $23.58 Billion | 12.80% | 1.35x | $818.33 Million |
| Kuo Yang Construction Co Ltd (2505) | $2.40 Billion | 0.00% | 1.45x | $210.71 Million |
| Pacific Construction Co Ltd (2506) | $5.13 Billion | 6.78% | 2.72x | $99.79 Million |
| Prince Housing & Development Corp (2511) | $9.94 Billion | 0.00% | 1.38x | $436.08 Million |
| King’s Town Construction Co Ltd (2524) | $6.98 Billion | 11.87% | 1.03x | $428.93 Million |
About 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