Kunyue Development Co Ltd (5206) - Net Assets
Based on the latest financial reports, Kunyue Development Co Ltd (5206) has net assets worth NT$3.69 Billion TWD (≈ $116.28 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$17.48 Billion ≈ $550.77 Million USD) and total liabilities (NT$13.79 Billion ≈ $434.49 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 how large is Kunyue Development Co Ltd's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.69 Billion |
| % of Total Assets | 21.11% |
| Annual Growth Rate | 8.83% |
| 5-Year Change | 24.75% |
| 10-Year Change | 67.88% |
| Growth Volatility | 159.56 |
Kunyue Development Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Kunyue Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Kunyue Development Co Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Kunyue Development Co Ltd (2002–2025)
The table below shows the annual net assets of Kunyue Development Co Ltd from 2002 to 2025. For live valuation and market cap data, see 5206 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.69 Billion ≈ $116.28 Million |
+16.11% |
| 2024-12-31 | NT$3.18 Billion ≈ $100.15 Million |
+3.89% |
| 2023-12-31 | NT$3.06 Billion ≈ $96.40 Million |
+10.08% |
| 2022-12-31 | NT$2.78 Billion ≈ $87.57 Million |
-6.06% |
| 2021-12-31 | NT$2.96 Billion ≈ $93.22 Million |
-3.87% |
| 2020-12-31 | NT$3.08 Billion ≈ $96.97 Million |
+13.82% |
| 2019-12-31 | NT$2.70 Billion ≈ $85.20 Million |
+11.17% |
| 2018-12-31 | NT$2.43 Billion ≈ $76.64 Million |
+5.69% |
| 2017-12-31 | NT$2.30 Billion ≈ $72.51 Million |
+4.69% |
| 2016-12-31 | NT$2.20 Billion ≈ $69.27 Million |
+3.16% |
| 2015-12-31 | NT$2.13 Billion ≈ $67.15 Million |
+22.62% |
| 2014-12-31 | NT$1.74 Billion ≈ $54.76 Million |
+31.68% |
| 2013-12-31 | NT$1.32 Billion ≈ $41.59 Million |
+92.50% |
| 2012-12-31 | NT$685.72 Million ≈ $21.60 Million |
+71.00% |
| 2011-12-31 | NT$401.01 Million ≈ $12.63 Million |
+769.48% |
| 2010-12-31 | NT$46.12 Million ≈ $1.45 Million |
-52.45% |
| 2009-12-31 | NT$97.00 Million ≈ $3.06 Million |
-47.08% |
| 2008-12-31 | NT$183.31 Million ≈ $5.78 Million |
-40.59% |
| 2007-12-31 | NT$308.55 Million ≈ $9.72 Million |
-32.45% |
| 2006-12-31 | NT$456.78 Million ≈ $14.39 Million |
+44.56% |
| 2005-12-31 | NT$315.98 Million ≈ $9.96 Million |
-16.73% |
| 2004-12-31 | NT$379.45 Million ≈ $11.95 Million |
-27.57% |
| 2003-12-31 | NT$523.89 Million ≈ $16.51 Million |
-0.55% |
| 2002-12-31 | NT$526.76 Million ≈ $16.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kunyue Development 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 162441800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.62 Billion | 44.01% |
| Other Components | NT$2.07 Billion | 55.99% |
| Total Equity | NT$3.69 Billion | 100.00% |
Kunyue Development Co Ltd Competitors by Market Cap
The table below lists competitors of Kunyue Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mercan Kimya Sanayi ve Ticaret AS
IS:MERCN
|
$109.75 Million |
|
China Reform Culture Holdings Co Ltd
SHG:600636
|
$109.76 Million |
|
eWork Group AB
ST:EWRK
|
$109.76 Million |
|
Sat Industries Limited
NSE:SATINDLTD
|
$109.77 Million |
|
GOLCONDA GOLD LTD
F:Y87
|
$109.69 Million |
|
ALEXANDRIA PANKKIIRILIIKE
F:3ZL
|
$109.68 Million |
|
GKW Limited
NSE:GKWLIMITED
|
$109.68 Million |
|
RiTdisplay Corp
TW:8104
|
$109.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kunyue Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,178,861,000 to 3,690,898,000, a change of 512,037,000 (16.1%).
- Net income of 589,999,000 contributed positively to equity growth.
- Dividend payments of 77,962,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$590.00 Million | +15.99% |
| Dividends Paid | NT$77.96 Million | -2.11% |
| Total Change | NT$- | 16.11% |
Book Value vs Market Value Analysis
This analysis compares Kunyue Development 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: 0.94x
- 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 decreased from 1.44x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$14.10 | NT$20.30 | x |
| 2017-12-31 | NT$14.76 | NT$20.30 | x |
| 2018-12-31 | NT$15.60 | NT$20.30 | x |
| 2019-12-31 | NT$17.34 | NT$20.30 | x |
| 2020-12-31 | NT$19.74 | NT$20.30 | x |
| 2021-12-31 | NT$18.98 | NT$20.30 | x |
| 2022-12-31 | NT$17.83 | NT$20.30 | x |
| 2023-12-31 | NT$19.62 | NT$20.30 | x |
| 2024-12-31 | NT$18.53 | NT$20.30 | x |
| 2025-12-31 | NT$21.52 | NT$20.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kunyue Development Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.62%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 4.74x
- Recent ROE (15.99%) is above the historical average (8.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.58% | 0.45% | 0.58x | 2.21x | NT$-49.37 Million |
| 2006 | 1.05% | 0.90% | 0.60x | 1.95x | NT$-40.87 Million |
| 2011 | 5.88% | 5.96% | 0.51x | 1.93x | NT$-16.51 Million |
| 2012 | 13.30% | 18.82% | 0.27x | 2.62x | NT$22.60 Million |
| 2013 | 16.57% | 17.13% | 0.45x | 2.16x | NT$86.79 Million |
| 2014 | 1.21% | 2.88% | 0.19x | 2.20x | NT$-152.77 Million |
| 2015 | 19.29% | 24.14% | 0.38x | 2.09x | NT$198.00 Million |
| 2016 | 6.44% | 13.21% | 0.24x | 1.99x | NT$-78.35 Million |
| 2017 | 7.70% | 13.08% | 0.30x | 1.99x | NT$-52.87 Million |
| 2018 | 9.24% | 15.44% | 0.27x | 2.25x | NT$-18.57 Million |
| 2019 | 13.89% | 16.96% | 0.31x | 2.66x | NT$105.25 Million |
| 2020 | 15.76% | 17.73% | 0.33x | 2.71x | NT$177.19 Million |
| 2021 | 2.82% | 4.31% | 0.20x | 3.24x | NT$-212.40 Million |
| 2022 | -3.75% | -26.28% | 0.03x | 4.22x | NT$-382.27 Million |
| 2023 | 11.71% | 10.63% | 0.28x | 3.98x | NT$52.24 Million |
| 2024 | 10.12% | 13.21% | 0.15x | 4.99x | NT$3.85 Million |
| 2025 | 15.99% | 15.62% | 0.22x | 4.74x | NT$220.91 Million |
Industry Comparison
This section compares Kunyue Development Co Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $6,359,146,200
- Average return on equity (ROE) among peers: 3.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kunyue Development Co Ltd (5206) | NT$3.69 Billion | 0.58% | 3.74x | $109.70 Million |
| HUA YU LIEN Development Co Ltd (1436) | $2.70 Billion | 8.70% | 2.56x | $242.40 Million |
| Advancetek Enterprise Co Ltd (1442) | $5.51 Billion | 1.39% | 1.34x | $344.40 Million |
| Better Life Group Co Ltd (1805) | $745.53 Million | -15.00% | 1.15x | $42.74 Million |
| Run Long Construction Co Ltd (1808) | $5.51 Billion | 11.89% | 4.28x | $894.71 Million |
| Jean Co Ltd (2442) | $2.27 Billion | 1.17% | 1.45x | $170.08 Million |
| Cathay Real Estate Development Co Ltd (2501) | $18.71 Billion | 0.98% | 0.12x | $814.68 Million |
| Kuo Yang Construction Co Ltd (2505) | $5.32 Billion | 3.13% | 1.82x | $211.31 Million |
| Pacific Construction Co Ltd (2506) | $8.59 Billion | -0.57% | 0.86x | $98.99 Million |
| Prince Housing & Development Corp (2511) | $10.48 Billion | 9.63% | 1.79x | $437.10 Million |
| King’s Town Construction Co Ltd (2524) | $3.73 Billion | 16.46% | 2.09x | $426.05 Million |
About Kunyue Development Co Ltd
Kunyue Development Co., Ltd. engages in the construction and leasing of residential buildings and commercial buildings in Taiwan. It operates in two segments, Development and Construction. The company is involved in land development, building construction, residential development, house sales, and customer service activities. It also offers structural, hydropower, waterproof, and other engineerin… Read more