HOYA Resort Hotel Group (2736) - Net Assets
Based on the latest financial reports, HOYA Resort Hotel Group (2736) has net assets worth NT$1.46 Billion TWD (≈ $46.11 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$2.42 Billion ≈ $76.35 Million USD) and total liabilities (NT$959.85 Million ≈ $30.24 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 2736 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.46 Billion |
| % of Total Assets | 60.39% |
| Annual Growth Rate | 1.45% |
| 5-Year Change | 26.71% |
| 10-Year Change | N/A |
| Growth Volatility | 5.75 |
HOYA Resort Hotel Group - Net Assets Trend (2017–2025)
This chart illustrates how HOYA Resort Hotel Group's net assets have evolved over time, based on quarterly financial data. See 2736 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for HOYA Resort Hotel Group (2017–2025)
The table below shows the annual net assets of HOYA Resort Hotel Group from 2017 to 2025. For live valuation and market cap data, see HOYA Resort Hotel Group stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.46 Billion ≈ $46.11 Million |
+11.17% |
| 2024-12-31 | NT$1.32 Billion ≈ $41.48 Million |
+8.21% |
| 2023-12-31 | NT$1.22 Billion ≈ $38.33 Million |
+2.80% |
| 2022-12-31 | NT$1.18 Billion ≈ $37.29 Million |
+2.45% |
| 2021-12-31 | NT$1.16 Billion ≈ $36.39 Million |
-8.43% |
| 2020-12-31 | NT$1.26 Billion ≈ $39.74 Million |
+0.69% |
| 2019-12-31 | NT$1.25 Billion ≈ $39.47 Million |
-2.14% |
| 2018-12-31 | NT$1.28 Billion ≈ $40.33 Million |
-1.83% |
| 2017-12-31 | NT$1.30 Billion ≈ $41.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HOYA Resort Hotel Group'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 decreased by 97.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$10.19 Million | 0.72% |
| Other Components | NT$1.40 Billion | 99.28% |
| Total Equity | NT$1.41 Billion | 100.00% |
HOYA Resort Hotel Group Competitors by Market Cap
The table below lists competitors of HOYA Resort Hotel Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PM Thoresen Asia Holdings PCL
BK:PMTA
|
$30.12 Million |
|
AQUA SA ZY 16
F:9S0
|
$30.13 Million |
|
Urban One Inc Class D
NASDAQ:UONEK
|
$30.13 Million |
|
iCRAFT Co. Ltd
KQ:052460
|
$30.14 Million |
|
Shankara Building Products Limited
NSE:SHANKARA
|
$30.11 Million |
|
TT Vision Holdings Berhad
KLSE:0272
|
$30.10 Million |
|
BOS Better Online Solutions
NASDAQ:BOSC
|
$30.10 Million |
|
Verde Agritech PLC
TO:NPK
|
$30.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HOYA Resort Hotel Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,257,680,000 to 1,414,243,000, a change of 156,563,000 (12.4%).
- Net loss of 131,353,000 reduced equity.
- New share issuances of 296,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-131.35 Million | -9.29% |
| Share Issuances | NT$296.00 Million | +20.93% |
| Other Changes | NT$-8.08 Million | -0.57% |
| Total Change | NT$- | 12.45% |
Book Value vs Market Value Analysis
This analysis compares HOYA Resort Hotel Group'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: 0.68x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.45x to 0.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$26.62 | NT$11.95 | x |
| 2018-12-31 | NT$26.13 | NT$11.95 | x |
| 2019-12-31 | NT$25.07 | NT$11.95 | x |
| 2020-12-31 | NT$25.22 | NT$11.95 | x |
| 2021-12-31 | NT$23.12 | NT$11.95 | x |
| 2022-12-31 | NT$23.23 | NT$11.95 | x |
| 2023-12-31 | NT$22.84 | NT$11.95 | x |
| 2024-12-31 | NT$20.97 | NT$11.95 | x |
| 2025-12-31 | NT$17.68 | NT$11.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HOYA Resort Hotel Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.06%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.71x
- Recent ROE (-9.29%) is below the historical average (-2.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -0.82% | -1.64% | 0.29x | 1.74x | NT$-141.05 Million |
| 2018 | -2.38% | -4.94% | 0.28x | 1.71x | NT$-158.42 Million |
| 2019 | -0.52% | -0.94% | 0.28x | 1.99x | NT$-131.79 Million |
| 2020 | 0.69% | 1.38% | 0.26x | 1.96x | NT$-117.40 Million |
| 2021 | -2.95% | -6.90% | 0.22x | 1.99x | NT$-149.55 Million |
| 2022 | 1.02% | 2.00% | 0.27x | 1.89x | NT$-104.27 Million |
| 2023 | -1.74% | -3.76% | 0.24x | 1.91x | NT$-134.01 Million |
| 2024 | -7.80% | -25.46% | 0.16x | 1.92x | NT$-223.85 Million |
| 2025 | -9.29% | -25.06% | 0.22x | 1.71x | NT$-272.78 Million |
Industry Comparison
This section compares HOYA Resort Hotel Group's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $2,996,361,625
- Average return on equity (ROE) among peers: 7.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HOYA Resort Hotel Group (2736) | NT$1.46 Billion | -0.82% | 0.66x | $30.11 Million |
| Hotel Holiday Garden (2702) | $1.09 Billion | -0.21% | 3.88x | $64.64 Million |
| Ambassador Hotel Ltd (2704) | $9.12 Billion | 4.50% | 0.32x | $515.58 Million |
| Leofoo Development Co Ltd (2705) | $4.21 Billion | 0.00% | 0.64x | $97.95 Million |
| Formosa International Hotels Corp (2707) | $4.95 Billion | 28.61% | 1.15x | $722.50 Million |
| My Humble House Hospitality Management Consulting Co Ltd (2739) | $1.88 Billion | 6.58% | 7.31x | $105.25 Million |
| FDC International Hotels Corp (2748) | $1.73 Billion | -1.70% | 1.75x | $134.80 Million |
| Landis Taipei Hotel Co Ltd (5703) | $473.86 Million | 8.19% | 0.99x | $30.98 Million |
| Hotel Royal Chihpen (5704) | $534.10 Million | 17.54% | 0.33x | $26.20 Million |
About HOYA Resort Hotel Group
HOYA Resort Hotel Group operates hotels, resorts, and spas in Taiwan. The company also provides event packages to various company groups for events, such as staff trips, conferences, gatherings, and others. HOYA Resort Hotel Group was founded in 2008 and is based in Taitung, Taiwan.