Shihlin Development Company Limited
Shihlin Development Company Limited provides guest rooms and catering services in Taiwan. The company operates through Construction and Development, Leisure and Recreation, and Catering and Hotel segments. The Construction and Development segment engages in the construction of commercial buildings; sale and leasing of residences; and real estate development. The Leisure and Recreation segment dev… Read more
Shihlin Development Company Limited (5324) - Net Assets
Latest net assets as of September 2025: NT$1.55 Billion TWD
Based on the latest financial reports, Shihlin Development Company Limited (5324) has net assets worth NT$1.55 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$10.09 Billion) and total liabilities (NT$8.54 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$1.55 Billion |
| % of Total Assets | 15.36% |
| Annual Growth Rate | -2.94% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.34 |
Shihlin Development Company Limited - Net Assets Trend (2021–2024)
This chart illustrates how Shihlin Development Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shihlin Development Company Limited (2021–2024)
The table below shows the annual net assets of Shihlin Development Company Limited from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.62 Billion | +11.67% |
| 2023-12-31 | NT$1.45 Billion | -5.99% |
| 2022-12-31 | NT$1.55 Billion | -12.89% |
| 2021-12-31 | NT$1.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shihlin Development Company Limited'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 16649700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$2.08 Billion | 136.25% |
| Total Equity | NT$1.53 Billion | 100.00% |
Shihlin Development Company Limited Competitors by Market Cap
The table below lists competitors of Shihlin Development Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cuprum
SN:CUPRUM
|
$34.54 Million |
|
Stella X Public Company Limited
BK:STELLA
|
$34.55 Million |
|
CHOROKBAEM COMPANY Co. Ltd
KQ:052300
|
$34.55 Million |
|
Phunware Inc
NASDAQ:PHUN
|
$34.59 Million |
|
Supercom Ltd
NASDAQ:SPCB
|
$34.51 Million |
|
Prescient Therapeutics Ltd
AU:PTX
|
$34.51 Million |
|
Woongjin Thinkbig Co Ltd
KO:095720
|
$34.51 Million |
|
ZAKLAD.CHEMIC.POLICE ZY10
F:697
|
$34.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shihlin Development Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,366,352,000 to 1,526,398,000, a change of 160,046,000 (11.7%).
- Net income of 157,377,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$157.38 Million | +10.31% |
| Other Changes | NT$2.67 Million | +0.17% |
| Total Change | NT$- | 11.71% |
Book Value vs Market Value Analysis
This analysis compares Shihlin Development Company Limited'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: 1.59x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.45x to 1.59x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | NT$7.41 | NT$10.75 | x |
| 2022-12-31 | NT$6.47 | NT$10.75 | x |
| 2023-12-31 | NT$6.04 | NT$10.75 | x |
| 2024-12-31 | NT$6.74 | NT$10.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shihlin Development Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.07%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 6.37x
- Recent ROE (10.31%) is above the historical average (-4.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -6.12% | -13.93% | 0.09x | 4.96x | NT$-270.27 Million |
| 2022 | -14.21% | -46.02% | 0.05x | 5.84x | NT$-354.52 Million |
| 2023 | -8.73% | -19.58% | 0.06x | 7.16x | NT$-255.94 Million |
| 2024 | 10.31% | 6.07% | 0.27x | 6.37x | NT$4.74 Million |
Industry Comparison
This section compares Shihlin Development Company Limited's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $3,074,956,333
- Average return on equity (ROE) among peers: 3.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shihlin Development Company Limited (5324) | NT$1.55 Billion | -6.12% | 5.51x | $34.54 Million |
| Hotel Holiday Garden (2702) | $2.76 Billion | -5.58% | 2.12x | $17.89 Million |
| Ambassador Hotel Ltd (2704) | $8.94 Billion | 3.99% | 0.36x | $189.03 Million |
| Leofoo Development Co Ltd (2705) | $4.83 Billion | -2.03% | 2.24x | $71.93 Million |
| Formosa International Hotels Corp (2707) | $4.97 Billion | 16.35% | 0.34x | $319.20 Million |
| HOYA Resort Hotel Group (2736) | $1.28 Billion | -2.38% | 0.71x | $23.94 Million |
| My Humble House Hospitality Management Consulting Co Ltd (2739) | $1.69 Billion | 19.09% | 0.98x | $31.43 Million |
| FDC International Hotels Corp (2748) | $705.77 Million | 14.97% | 1.88x | $51.81 Million |
| Lealea Hotels & Resorts Co., Ltd. (5364) | $341.25 Million | -9.87% | 1.94x | $8.01 Million |
| Landis Taipei Hotel Co Ltd (5703) | $2.17 Billion | -1.43% | 0.00x | $12.45 Million |