Fong Chien Construction Co Ltd
Fong-Chien Construction Co.,LTD. engages in construction business in Taiwan. The company engages in the rental and sale of commercial buildings; import, export, and trading of building materials; trading of properties; and construction, development and leasing of residences and buildings, etc. Fong-Chien Construction Co.,LTD. was formerly known as Hongdu Construction Co., Ltd. and changed its nam… Read more
Fong Chien Construction Co Ltd (5523) - Net Assets
Latest net assets as of June 2025: NT$2.93 Billion TWD
Based on the latest financial reports, Fong Chien Construction Co Ltd (5523) has net assets worth NT$2.93 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$4.80 Billion) and total liabilities (NT$1.87 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$2.93 Billion |
| % of Total Assets | 61.08% |
| Annual Growth Rate | 9.22% |
| 5-Year Change | 77.34% |
| 10-Year Change | N/A |
| Growth Volatility | 18.7 |
Fong Chien Construction Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Fong Chien Construction 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 Fong Chien Construction Co Ltd (2017–2024)
The table below shows the annual net assets of Fong Chien Construction Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.03 Billion | -4.65% |
| 2023-12-31 | NT$3.18 Billion | +12.22% |
| 2022-12-31 | NT$2.83 Billion | +7.21% |
| 2021-12-31 | NT$2.64 Billion | +54.58% |
| 2020-12-31 | NT$1.71 Billion | -0.04% |
| 2019-12-31 | NT$1.71 Billion | -0.48% |
| 2018-12-31 | NT$1.72 Billion | +5.07% |
| 2017-12-31 | NT$1.63 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fong Chien Construction 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 606.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.16 Billion | 38.34% |
| Other Components | NT$1.86 Billion | 61.66% |
| Total Equity | NT$3.02 Billion | 100.00% |
Fong Chien Construction Co Ltd Competitors by Market Cap
The table below lists competitors of Fong Chien Construction Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Norooholdings
KO:000320
|
$45.80 Million |
|
GPT Infraprojects Limited
NSE:GPTINFRA
|
$45.82 Million |
|
Hanil Forging Industrial Co. Ltd
KQ:024740
|
$45.82 Million |
|
SAMSE SA INH. EO 1
F:78S
|
$45.84 Million |
|
STX Corporation
KO:011810
|
$45.77 Million |
|
GEVELOT S.A. INH. EO 35
F:8XD
|
$45.75 Million |
|
Ndr Auto Components Limited
NSE:NDRAUTO
|
$45.75 Million |
|
Gores Holdings IX Inc
NASDAQ:GHIX
|
$45.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fong Chien Construction Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,165,553,000 to 3,017,748,000, a change of -147,805,000 (-4.7%).
- Net income of 84,697,000 contributed positively to equity growth.
- Dividend payments of 232,502,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$84.70 Million | +2.81% |
| Dividends Paid | NT$232.50 Million | -7.7% |
| Total Change | NT$- | -4.67% |
Book Value vs Market Value Analysis
This analysis compares Fong Chien Construction 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: 1.57x
- 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 2.76x to 1.57x 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$11.08 | NT$30.60 | x |
| 2018-12-31 | NT$11.65 | NT$30.60 | x |
| 2019-12-31 | NT$11.63 | NT$30.60 | x |
| 2020-12-31 | NT$11.65 | NT$30.60 | x |
| 2021-12-31 | NT$16.96 | NT$30.60 | x |
| 2022-12-31 | NT$18.19 | NT$30.60 | x |
| 2023-12-31 | NT$20.42 | NT$30.60 | x |
| 2024-12-31 | NT$19.47 | NT$30.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fong Chien Construction 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): 2.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.52%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.61x
- Recent ROE (2.81%) is below the historical average (11.69%), 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 | 10.02% | 11.33% | 0.48x | 1.84x | NT$415.30K |
| 2018 | 6.56% | 12.21% | 0.31x | 1.72x | NT$-62.06 Million |
| 2019 | 1.55% | 12.07% | 0.05x | 2.46x | NT$-152.27 Million |
| 2020 | 2.80% | 7.66% | 0.12x | 2.93x | NT$-130.07 Million |
| 2021 | 34.86% | 29.91% | 0.55x | 2.11x | NT$653.55 Million |
| 2022 | 16.66% | 215.98% | 0.04x | 2.20x | NT$187.68 Million |
| 2023 | 18.28% | 17.36% | 0.69x | 1.53x | NT$261.96 Million |
| 2024 | 2.81% | 16.52% | 0.11x | 1.61x | NT$-217.08 Million |
Industry Comparison
This section compares Fong Chien Construction Co Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $3,679,879,000
- Average return on equity (ROE) among peers: 5.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fong Chien Construction Co Ltd (5523) | NT$2.93 Billion | 10.02% | 0.64x | $45.80 Million |
| Sun Yad Construction Co Ltd (1316) | $2.61 Billion | -3.93% | 1.72x | $118.24 Million |
| GTM Holdings Corp (1437) | $5.06 Billion | 8.52% | 0.86x | $109.18 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.29 Billion | 5.28% | 4.21x | $7.40 Million |
| Hiyes International Co Ltd (2348) | $1.11 Billion | 8.17% | 0.85x | $117.34 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.67 Billion | 10.73% | 0.91x | $52.37 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $7.39 Billion | 0.87% | 1.55x | $137.37 Million |
| Crowell Development Corp (2528) | $307.29 Million | 0.00% | 4.72x | $196.03 Million |
| JSL Construction & Development Co Ltd (2540) | $4.04 Billion | 6.45% | 1.48x | $370.33 Million |
| Wanhwa Enterprise Co (2701) | $3.23 Billion | 11.73% | 0.32x | $33.60 Million |
| First Hotel Co Ltd (2706) | $8.10 Billion | 6.19% | 0.15x | $50.43 Million |