Lihtai Construction Enterprise Co Ltd
Lih Tai Construction Enterprise Co., Ltd., together with its subsidiaries, produces and sells ready-mixed concrete products in Taiwan. The company was founded in 1965 and is based in Taipei, Taiwan.
Lihtai Construction Enterprise Co Ltd (5520) - Net Assets
Latest net assets as of September 2025: NT$3.01 Billion TWD
Based on the latest financial reports, Lihtai Construction Enterprise Co Ltd (5520) has net assets worth NT$3.01 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$4.22 Billion) and total liabilities (NT$1.21 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$3.01 Billion |
| % of Total Assets | 71.33% |
| Annual Growth Rate | 5.81% |
| 5-Year Change | 40.16% |
| 10-Year Change | N/A |
| Growth Volatility | 6.08 |
Lihtai Construction Enterprise Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Lihtai Construction Enterprise Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lihtai Construction Enterprise Co Ltd (2017–2024)
The table below shows the annual net assets of Lihtai Construction Enterprise Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.87 Billion | +13.49% |
| 2023-12-31 | NT$2.52 Billion | +10.65% |
| 2022-12-31 | NT$2.28 Billion | +5.04% |
| 2021-12-31 | NT$2.17 Billion | +6.26% |
| 2020-12-31 | NT$2.04 Billion | +9.70% |
| 2019-12-31 | NT$1.86 Billion | +3.42% |
| 2018-12-31 | NT$1.80 Billion | -6.63% |
| 2017-12-31 | NT$1.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lihtai Construction Enterprise 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 9.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.19 Billion | 44.31% |
| Other Components | NT$1.50 Billion | 55.69% |
| Total Equity | NT$2.70 Billion | 100.00% |
Lihtai Construction Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of Lihtai Construction Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Binh Thanh Import Export Production and Trade JSC
VN:GIL
|
$51.69 Million |
|
Centaur Media Plc
PINK:CAUUF
|
$51.69 Million |
|
Shape Australia Corporation Ltd
AU:SHA
|
$51.70 Million |
|
OptimumBank Holdings, Inc.
NYSE MKT:OPHC
|
$51.71 Million |
|
JW (Cayman) Therapeutics Co. Ltd
PINK:JWCTF
|
$51.68 Million |
|
São Carlos Empreendimentos e Participações S.A
SA:SCAR3
|
$51.67 Million |
|
Century Synthetic Fiber Corp
VN:STK
|
$51.66 Million |
|
Gohigh Data Networks Technology Co Ltd
SHE:000851
|
$51.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lihtai Construction Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,400,938,000 to 2,695,674,000, a change of 294,736,000 (12.3%).
- Net income of 538,901,000 contributed positively to equity growth.
- Dividend payments of 275,886,000 reduced retained earnings.
- Other factors increased equity by 31,721,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$538.90 Million | +19.99% |
| Dividends Paid | NT$275.89 Million | -10.23% |
| Other Changes | NT$31.72 Million | +1.18% |
| Total Change | NT$- | 12.28% |
Book Value vs Market Value Analysis
This analysis compares Lihtai Construction Enterprise 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: 2.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.47x to 2.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$25.97 | NT$90.00 | x |
| 2018-12-31 | NT$28.41 | NT$90.00 | x |
| 2019-12-31 | NT$29.34 | NT$90.00 | x |
| 2020-12-31 | NT$32.04 | NT$90.00 | x |
| 2021-12-31 | NT$34.11 | NT$90.00 | x |
| 2022-12-31 | NT$35.85 | NT$90.00 | x |
| 2023-12-31 | NT$39.76 | NT$90.00 | x |
| 2024-12-31 | NT$44.95 | NT$90.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lihtai Construction Enterprise Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.23%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 1.53x
- Recent ROE (19.99%) is above the historical average (12.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 5.02% | 5.02% | 0.78x | 1.28x | NT$-91.72 Million |
| 2018 | 3.60% | 3.50% | 0.78x | 1.32x | NT$-109.71 Million |
| 2019 | 7.01% | 5.89% | 0.87x | 1.36x | NT$-52.87 Million |
| 2020 | 14.57% | 10.51% | 0.97x | 1.43x | NT$88.79 Million |
| 2021 | 16.21% | 12.06% | 0.93x | 1.45x | NT$128.56 Million |
| 2022 | 16.49% | 10.62% | 1.03x | 1.50x | NT$140.92 Million |
| 2023 | 19.52% | 12.24% | 1.05x | 1.52x | NT$228.47 Million |
| 2024 | 19.99% | 13.23% | 0.99x | 1.53x | NT$269.33 Million |
Industry Comparison
This section compares Lihtai Construction Enterprise Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $14,595,229,333
- Average return on equity (ROE) among peers: 9.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lihtai Construction Enterprise Co Ltd (5520) | NT$3.01 Billion | 5.02% | 0.40x | $51.69 Million |
| Chia Hsin Cement Corp (1103) | $18.60 Billion | 14.70% | 0.85x | $115.31 Million |
| Universal Cement Corp (1104) | $13.38 Billion | 5.32% | 0.19x | $367.81 Million |
| Lucky Cement Co (1108) | $4.80 Billion | 6.57% | 0.61x | $88.91 Million |
| Hsing Ta Cement Co Ltd (1109) | $5.71 Billion | 4.90% | 0.17x | $88.90 Million |
| Southeast Cement Co Ltd (1110) | $8.51 Billion | 0.77% | 0.09x | $143.37 Million |
| Taiwan Glass Ind Corp (1802) | $51.66 Billion | -1.36% | 0.80x | $2.35 Billion |
| Goldsun Building Materials Co Ltd (2504) | $25.62 Billion | 13.78% | 0.58x | $900.98 Million |
| Yonggu Group Inc (5546) | $1.95 Billion | 23.73% | 1.67x | $14.68 Million |
| Wellpool Co Ltd (8424) | $1.12 Billion | 14.88% | 0.19x | $32.89 Million |