Sun-Sea Construction (5516) - Net Assets
Based on the latest financial reports, Sun-Sea Construction (5516) has net assets worth NT$451.65 Million TWD (≈ $14.23 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.36 Billion ≈ $105.71 Million USD) and total liabilities (NT$2.90 Billion ≈ $91.48 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 financial resilience of Sun-Sea Construction to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$451.65 Million |
| % of Total Assets | 13.46% |
| Annual Growth Rate | 0.73% |
| 5-Year Change | -29.25% |
| 10-Year Change | N/A |
| Growth Volatility | 19.86 |
Sun-Sea Construction - Net Assets Trend (2017–2024)
This chart illustrates how Sun-Sea Construction's net assets have evolved over time, based on quarterly financial data. Also explore Sun-Sea Construction balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Sun-Sea Construction (2017–2024)
The table below shows the annual net assets of Sun-Sea Construction from 2017 to 2024. For live valuation and market cap data, see Sun-Sea Construction (5516) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$432.91 Million ≈ $13.64 Million |
-31.03% |
| 2023-12-31 | NT$627.64 Million ≈ $19.77 Million |
-24.40% |
| 2022-12-31 | NT$830.21 Million ≈ $26.16 Million |
+15.34% |
| 2021-12-31 | NT$719.81 Million ≈ $22.68 Million |
+17.64% |
| 2020-12-31 | NT$611.86 Million ≈ $19.28 Million |
+20.33% |
| 2019-12-31 | NT$508.47 Million ≈ $16.02 Million |
+6.41% |
| 2018-12-31 | NT$477.82 Million ≈ $15.05 Million |
+16.13% |
| 2017-12-31 | NT$411.45 Million ≈ $12.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sun-Sea 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 decreased by 698.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$609.27 Million | 140.74% |
| Total Equity | NT$432.91 Million | 100.00% |
Sun-Sea Construction Competitors by Market Cap
The table below lists competitors of Sun-Sea Construction ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
London City Equities Ltd
AU:LCE
|
$19.09 Million |
|
FAWER Automotive Parts Ltd Co
SHE:200030
|
$19.11 Million |
|
FILL UP MEDIA EO -25
F:X3D
|
$19.11 Million |
|
DATRIX S.P.A.
F:BW6
|
$19.12 Million |
|
Chinyang Poly
KO:010640
|
$19.08 Million |
|
Baid Finserv Limited
NSE:BAIDFIN
|
$19.08 Million |
|
American Pacific Mining Corp
F:1QC1
|
$19.08 Million |
|
Nexen Tire Prf 1
KO:002355
|
$19.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sun-Sea Construction's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 627,641,000 to 432,906,000, a change of -194,735,000 (-31.0%).
- Net loss of 186,108,000 reduced equity.
- Dividend payments of 10,009,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-186.11 Million | -42.99% |
| Dividends Paid | NT$10.01 Million | -2.31% |
| Other Changes | NT$1.38 Million | +0.32% |
| Total Change | NT$- | -31.03% |
Book Value vs Market Value Analysis
This analysis compares Sun-Sea 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: 1.40x
- 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 1.09x to 1.40x 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$10.74 | NT$11.75 | x |
| 2018-12-31 | NT$12.48 | NT$11.75 | x |
| 2019-12-31 | NT$13.28 | NT$11.75 | x |
| 2020-12-31 | NT$12.17 | NT$11.75 | x |
| 2021-12-31 | NT$14.28 | NT$11.75 | x |
| 2022-12-31 | NT$16.51 | NT$11.75 | x |
| 2023-12-31 | NT$12.54 | NT$11.75 | x |
| 2024-12-31 | NT$8.40 | NT$11.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sun-Sea Construction utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -42.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.27%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 8.58x
- Recent ROE (-42.99%) is below the historical average (0.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.50% | 1.29% | 0.90x | 2.14x | NT$-30.85 Million |
| 2018 | 14.27% | 5.43% | 0.89x | 2.96x | NT$20.43 Million |
| 2019 | 6.48% | 3.25% | 0.65x | 3.07x | NT$-17.88 Million |
| 2020 | 18.69% | 7.41% | 0.82x | 3.07x | NT$53.19 Million |
| 2021 | 16.74% | 5.32% | 0.81x | 3.90x | NT$48.50 Million |
| 2022 | 15.52% | 5.28% | 0.78x | 3.77x | NT$45.80 Million |
| 2023 | -29.93% | -6.75% | 0.76x | 5.86x | NT$-250.65 Million |
| 2024 | -42.99% | -9.27% | 0.54x | 8.58x | NT$-229.40 Million |
Industry Comparison
This section compares Sun-Sea Construction's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,966,943,900
- Average return on equity (ROE) among peers: 9.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sun-Sea Construction (5516) | NT$451.65 Million | 2.50% | 6.43x | $19.08 Million |
| Tri Ocean Textile Co Ltd (1472) | $1.42 Billion | 9.97% | 0.87x | $147.67 Million |
| United Integrated Services Co Ltd (2404) | $4.36 Billion | 2.90% | 0.88x | $5.64 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $150.06 Million |
| BES Engineering Co (2515) | $20.42 Billion | 3.03% | 1.06x | $661.08 Million |
| New Asia Construction & Development Corp (2516) | $1.82 Billion | 2.97% | 2.45x | $97.31 Million |
| Delpha Construction Co Ltd (2530) | $2.85 Billion | 11.76% | 1.16x | $551.78 Million |
| Da-Cin Construction Co Ltd (2535) | $8.83 Billion | 13.87% | 1.48x | $590.36 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $1.08 Billion | 8.97% | 2.20x | $783.30 Million |
| Kedge Construction Co Ltd (2546) | $2.53 Billion | 16.09% | 1.76x | $347.48 Million |
| Ruentex Engineering & Construction Co Ltd (2597) | $8.21 Billion | 22.43% | 1.12x | $1.54 Billion |
About Sun-Sea Construction
Sun-Sea Construction Corporation engages in the construction business in Taiwan. The company constructs commercial buildings, parking lots, schools, technology plants, hotels, and residential projects, as well as undertakes civil engineering projects, including roads, bridges, tunnels, and other related projects. It also provides turnkey planning, design, and construction management services, as … Read more