Sun-Sea Construction Net Assets
Sun-Sea Construction net assets. Based on the latest financial reports, Sun-Sea Construction (5516) has net assets worth NT$465.18 Million TWD (≈ $14.66 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.18 Billion ≈ $100.11 Million USD) and total liabilities (NT$2.71 Billion ≈ $85.46 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 Sun-Sea Construction annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$465.18 Million |
| % of Total Assets | 14.64% |
| Annual Growth Rate | 0.88% |
| 5-Year Change | -38.7% |
| 10-Year Change | N/A |
| Growth Volatility | 18.58 |
Net Assets of Sun-Sea Construction (2017–2025)
Net assets of Sun-Sea Construction from 2017 to 2025. This chart illustrates how Sun-Sea Construction's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Sun-Sea Construction to measure how much of total assets are equity-financed.
Annual Net Assets for Sun-Sea Construction (2017–2025)
The table below shows the annual net assets of Sun-Sea Construction from 2017 to 2025. For live market cap and overall valuation, see Sun-Sea Construction market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$441.22 Million ≈ $13.90 Million |
+1.92% |
| 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 670.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Sun-Sea Construction Net Assets Breakdown (December 2025)
Sun-Sea Construction net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$609.27 Million | 138.09% |
| Total Equity | NT$441.22 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 |
|---|---|
|
Allied Industrial Ltd
TWO:4702
|
$20.30 Million |
|
Sidma S.A. Steel Products
AT:SIDMA
|
$20.31 Million |
|
SEONGAN CO. Ltd
KO:011300
|
$20.31 Million |
|
OneSavings Bank PLC
LSE:OSB
|
$20.32 Million |
|
Rubicon Organics Inc
V:ROMJ
|
$20.29 Million |
|
Aseana Properties Limited
LSE:ASPL
|
$20.28 Million |
|
Nanogroup SA
WAR:NNG
|
$20.27 Million |
|
Bangsaphan Barmill Public Company Limited
BK:BSBM
|
$20.27 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 2024 to 2025, total equity changed from 432,906,000 to 441,218,000, a change of 8,312,000 (1.9%).
- Net income of 8,496,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$8.50 Million | +1.93% |
| Other Changes | NT$-184.00K | -0.04% |
| Total Change | NT$- | 1.92% |
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: 1.46x
- 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 1.16x to 1.46x 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$12.50 | x |
| 2018-12-31 | NT$12.48 | NT$12.50 | x |
| 2019-12-31 | NT$13.28 | NT$12.50 | x |
| 2020-12-31 | NT$12.17 | NT$12.50 | x |
| 2021-12-31 | NT$14.28 | NT$12.50 | x |
| 2022-12-31 | NT$16.51 | NT$12.50 | x |
| 2023-12-31 | NT$12.54 | NT$12.50 | x |
| 2024-12-31 | NT$8.40 | NT$12.50 | x |
| 2025-12-31 | NT$8.56 | NT$12.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sun-Sea Construction utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.39%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 7.37x
- Recent ROE (1.93%) is above the historical average (0.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.50% | 1.29% | 0.90x | 2.14x | NT$-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$-229.40 Million |
| 2025 | 1.93% | 0.39% | 0.67x | 7.37x | NT$-35.63 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: $7,186,198,800
- Average return on equity (ROE) among peers: 7.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sun-Sea Construction (5516) | NT$465.18 Million | 2.50% | 5.83x | $20.30 Million |
| Tri Ocean Textile Co Ltd (1472) | $897.77 Million | 0.00% | 1.05x | $146.02 Million |
| Evergreen Steel Corp (2211) | $12.45 Billion | 5.94% | 0.24x | $1.02 Billion |
| United Integrated Services Co Ltd (2404) | $10.61 Billion | 37.69% | 2.15x | $5.91 Billion |
| Long Bon International Co Ltd (2514) | $8.15 Billion | 2.95% | 0.61x | $126.37 Million |
| BES Engineering Co (2515) | $18.41 Billion | 0.21% | 0.87x | $562.30 Million |
| New Asia Construction & Development Corp (2516) | $2.41 Billion | 2.77% | 2.80x | $112.99 Million |
| Kindom Construction Corp (2520) | $9.11 Billion | 12.91% | 1.69x | $653.89 Million |
| Delpha Construction Co Ltd (2530) | $4.00 Billion | 0.00% | 2.08x | $502.25 Million |
| Da-Cin Construction Co Ltd (2535) | $3.65 Billion | 9.48% | 1.58x | $737.74 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $2.17 Billion | 1.64% | 2.73x | $533.91 Million |
About Sun-Sea Construction
Sun-Sea Construction Corporation engages in providing civil engineering and construction services 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, designing, and constr… Read more